Highwoods Properties, Inc.

HIW NYSE Real Estate · REIT—Diversified Raleigh, NC highwoods.com
$29.39
Mkt Cap 3.24B

Office real estate investment trust that owns, develops, leases and manages office properties in business districts including Atlanta, Charlotte, Dallas, Nashville, Raleigh and Tampa.

From the annual report

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded real estate investment trust ( REIT ). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our Common Stock is traded on the New York Stock Exchange ( NYSE ) under the symbol HIW. As of December 31, 2025, the Company owned all of the Preferred Units and 109.5 million, or 98.2%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.0 million Common Units. Generally, the Operating Partnership is obligated to redeem each Common Unit at the request of the unitholder for cash equal to the value of one share of Common Stock based on the average of the market price for the 10 trading days immediately preceding the notice date of such redemption, provided that the Company, at its option, may elect to acquire any such Common Units presented for redemption for cash or one share of Common Stock. The Common Units owned by the Company are not redeemable. The Company was incorporated in Maryland in 1994. The Operating Partnership was formed in North Carolina in 1994. Our executive offices are located at 150 Fayetteville Street, Suite 1400, Raleigh, NC 27601, and our telephone number is (919) 872-4924. Our primary business is the operation, acquisition and development of office properties. There are no material inter-segment transactions.

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REVENUE TTM
$819.8M
P/E RATIO
33.8x
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