Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Highwoods Properties (HIW)
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
$31.72-1.49%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.69 → 0.68 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for HIW yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Extend maturity of $150M term loan to 2029 | Highwoods Properties extended its $150M loan maturity to 2029. | Intact | Loan maturity not extended or shortened before 2029 | Maturity extended to June 2029 vs target June 2029 On June 3, 2026, HIW modified its $150M term loan to extend maturity from May 2027 to June 2029. Nov 5, 2026Last status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextNewly stated in 2026-Q2. Management extended the maturity of the $150 million unsecured bank term loan from May 2027 to June 2029 as disclosed in June 2026. This is a recent capital allocation action with no prior quarters stating this priority. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
HIW is a real estate investment with a moderate level of risk and a steady, rather than strongly accelerating, business profile. Its multi-year view is intact, though the evidence is mixed on management execution and overall financial performance.
The valuation evidence is mixed: one measure points to HIW being cheap versus peers, while another shows a 0.57 premium to peers. Expectations are slightly below the model’s implied level, and the snapshot describes the current pricing as justified with low fragility, meaning expectations do not appear unusually vulnerable to a setback.
From 2025 Q2 to 2026 Q2, revenue and operating income increased, supporting the recent business trajectory. Management extended a $150 million term loan’s maturity to June 2029 and is focused on borrowing costs, though the status of these actions is mixed. Near term, weaker job growth and cracks in the real estate sector could weigh on results; the snapshot also flags a history of a deep miss despite a low current miss-risk reading.
A shift toward lower interest rates could support the sector, while weakness among real estate peers could remove that support. The multi-year thesis also depends on whether HIW can sustain its recent revenue and operating income gains as employment conditions weaken.
Over the next one to three years, HIW’s long-term thesis rests on continued operating progress and careful debt management, with sector and recession risks as the main counterweights. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Dividend yield near 6% | The company has a strong balance sheet and pays a 6% dividend yield. | Under Pressure | Dividend yield falls below 4.5% | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue growth of about 5.5% next year | Analysts expect revenue to grow about 5.5% next year. | Intact | YoY revenue growth falls below 5.5% next year | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Price to earnings ratio below 20 | A supporting condition in Highwoods Properties's published investment case. The stated target is <=20 PE. | Intact | PE remains above 30 | P/E (TTM): 15.86x As of 2026-11-05; trailing twelve months. The target timing and basis require a separate assessment. Nov 5, 202615.86 ratio · calculatedLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.78 → $0.68 · observed estimates
$0.89B → $0.90B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.78 | $890,442,036 | 2 / 2 |
| 2026-07-25 | $0.70 | $887,311,370 | 1 / 4 |
| 2026-07-26 | $0.70 | $887,311,370 | 1 / 4 |
| 2026-07-27 | $0.78 | $887,864,602 | 2 / 3 |
| 2026-07-28 | $0.78 | $887,864,602 | 2 / 3 |
| 2026-07-29 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-07-30 | $0.70 | $887,311,370 | 1 / 4 |
| 2026-07-31 | $0.70 | $892,281,830 | 1 / 3 |
| 2026-08-01 | $0.78 | $887,864,627 | 2 / 2 |
| 2026-08-02 | $0.70 | $892,281,830 | 1 / 3 |
| 2026-08-03 | $0.78 | $887,864,627 | 2 / 2 |
| 2026-08-04 | $0.70 | $892,281,830 | 1 / 3 |
| 2026-08-05 | $0.70 | $892,281,830 | 1 / 3 |
| 2026-08-06 | $0.70 | $892,281,830 | 1 / 3 |
| 2026-08-07 | $0.78 | $887,864,627 | 2 / 2 |
| 2026-08-08 | $0.70 | $884,658,900 | 1 / 4 |
| 2026-08-09 | $0.70 | $884,658,900 | 1 / 4 |
| 2026-08-10 | $0.70 | $884,658,900 | 1 / 4 |
| 2026-08-12 | $0.70 | $889,173,120 | 1 / 5 |
| 2026-08-13 | $0.70 | $889,173,120 | 1 / 5 |
| 2026-08-14 | $0.78 | $887,864,627 | 2 / 2 |
| 2026-08-15 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-08-16 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-08-17 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-08-18 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-08-19 | $0.78 | $887,864,627 | 2 / 3 |
| 2026-08-20 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-21 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-22 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-23 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-24 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-25 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-26 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-27 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-28 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-29 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-30 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-08-31 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-09-01 | $0.69 | $886,785,111 | 2 / 4 |
| 2026-09-02 | $0.69 | $886,868,657 | 2 / 4 |
| 2026-09-03 | $0.69 | $886,868,657 | 2 / 4 |
| 2026-09-04 | $0.69 | $886,868,657 | 2 / 4 |
| 2026-09-05 | $0.69 | $894,836,371 | 2 / 4 |
| 2026-09-06 | $0.69 | $894,836,371 | 2 / 4 |
| 2026-09-07 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-08 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-09 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-10 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-11 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-12 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-13 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-14 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-15 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-16 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-17 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-18 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-19 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-20 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-21 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-22 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-23 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-24 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-25 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-26 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-27 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-28 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-29 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-09-30 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-01 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-02 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-03 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-04 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-05 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-06 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-07 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-08 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-09 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-10 | $0.69 | $891,849,100 | 2 / 4 |
| 2026-10-11 | $0.72 | $891,890,086 | 2 / 5 |
| 2026-10-12 | $0.72 | $891,890,086 | 2 / 5 |
| 2026-10-13 | $0.72 | $891,890,086 | 2 / 5 |
| 2026-10-14 | $0.72 | $891,890,086 | 2 / 5 |
| 2026-10-15 | $0.72 | $891,890,086 | 2 / 5 |
| 2026-10-16 | $0.72 | $891,890,086 | 2 / 4 |
| 2026-10-17 | $0.72 | $891,890,086 | 2 / 4 |
| 2026-10-18 | $0.69 | $893,411,981 | 2 / 4 |
| 2026-10-19 | $0.69 | $893,411,981 | 2 / 4 |
| 2026-10-20 | $0.69 | $893,411,981 | 2 / 4 |
| 2026-10-21 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-22 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-23 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-24 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-25 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-26 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-27 | $0.68 | $895,050,036 | 2 / 4 |
| 2026-10-28 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-10-29 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-10-30 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-10-31 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-11-01 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-11-02 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-11-03 | $0.68 | $895,050,083 | 2 / 4 |
| 2026-11-04 | $0.68 | $896,088,083 | 2 / 4 |
| 2026-11-05 | $0.68 | $896,088,083 | 2 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 1 Buy / Strong Buy · 9 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.