Highwoods Properties, Inc.
HIWReal EstateNASDAQREIT - Office · Last scanned May 30, 2026
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Daily timeframeHighwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta,. The $2.93B market capitalization puts HIW squarely in mid-cap range for its industry. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us.
Market Cap
$2.93B
Beta
1.10
P/E (TTM)
31.45
P/E (Fwd)
34.34
EPS (TTM)
$0.83
EPS (Fwd)
$0.76
ROE
3.8%
ROA
2.1%
Cash
$32.4M
Total Debt
$3.70B
Free CF
$357.9M
52W Change
-13.7%
Annual Financials
Cash vs Debt
The company holds $32.4M in cash, though total debt stands at $3.70B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $357.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 3.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.1% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $828.9M (2022) to $806.1M (2025).
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. No single metric tells the full story. Reviewing HIW's risk profile alongside its fundamentals and technical indicators provides a more complete picture.