HIW - NYSE

Highwoods Properties, Inc.

Highwoods Properties, Inc.

HIWยทNYSE

$26.96

+2.2%
Real EstateREIT - Office

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$2.97B
EPS1.4500
P/E Ratio18.59
Earnings Date07/28/2026
Highwoods Properties, Inc.

Highwoods Properties, Inc. Fair Value Envelope

HIW ยท NYSE

Our analysis suggests that HIW has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $26.96, this represents a potential HIDDEN relative to our calculated worth for Highwoods Properties, Inc..

HIDDEN
Intrinsic Value
Current Price: $26.96

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$284.4M
+ Cash & Equivalents$27.4M
Firm Value$311.8M
- Debt$3.6B
Equity Value-$3.3B
/ Shares Outstanding107,690,765B
DCF Value-$31
OVERVALUED BY 215%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$183.7M
$91.8M
$45.9M
$23.0M
$11.5M
$5.7M
$2.9M
$1.4M
$717.4K
$358.7K
Maintenance CapEx
-$20.1M
-$10.0M
-$5.0M
-$2.5M
-$1.3M
-$627.3K
-$313.7K
-$156.8K
-$78.4K
-$39.2K
Owner Earnings
$163.6M
$81.8M
$40.9M
$20.4M
$10.2M
$5.1M
$2.6M
$1.3M
$639.0K
$319.5K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$151.5M
$70.1M
$32.5M
$15.0M
$7.0M
$3.2M
$1.5M
$690.4K
$319.7K
$148.0K
Terminal Value represents 0.9% of Enterprise Value

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3

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5

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