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Highwoods Properties (HIW) Earnings Beat Keeps Fair Value In Focus

Simply Wall St·11/04/2026 22:35:04
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Highwoods Properties (HIW) just posted third quarter earnings that put basic and diluted EPS from continuing operations at US$0.29, with nine month EPS at US$1.42, both higher than the prior year.

The earnings update landed alongside fresh dividend affirmations, and the combination appears to have caught the market’s eye. Highwoods Properties’ share price is at US$32.20 after a 1-day share price return of 4.51% and a year-to-date share price return of 24.42%, while the 3-year total shareholder return of 115.34% points to momentum that has been building over a longer stretch.

Amplify this kind of earnings and dividend momentum by scanning a curated pool of real estate players with resilient cash flows using the list of solid balance sheet and fundamentals (22 results).

The sharp move in Highwoods Properties after this earnings and dividend update only answers part of the question. Is the real upside already reflected in the US$32.20 price, or is the re‑rating just starting?

Most Popular Narrative: Fairly Valued

Highwoods Properties closed at $32.20 against a widely followed fair value marker of about $32.33 per share. The current quote is hugging that reference point while recent returns and a solid dividend keep attention on what happens next rather than on a clear discount.

The numbers imply the share price already reflects a fairly valued, bearish view that Highwoods Properties’ stronger Sun Belt markets, embedded NOI ramp, and capital recycling will offset dividend strain and dilution from noncore asset sales without leaving much margin for disappointment.

See why 8 investors see Highwoods Properties as 0% undervalued.

Result: Fair Value of $32.33 (ABOUT RIGHT)

Still, the fair value story for Highwoods Properties can break if elevated leasing CapEx persists or if asset sales create more earnings drag than expected.

Find out about the key risks to this Highwoods Properties narrative.

Next Steps

Mixed signals on Highwoods Properties so far. Act quickly, review both sides of the story, and weigh the 3 key rewards and 3 important warning signs.

Looking for more investment ideas beyond Highwoods Properties?

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