NYSE: HIW · Office REITs
Highwoods Properties (HIW) fair value: undervalued or overvalued?
As of 1 Nov 2026, Faircurve's model values Highwoods Properties (HIW) at $29.30 a share. The stock last closed at $30.81, which puts the model's fair value 4.9% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 3 Nov 2026. Highwoods Properties, Inc.
The report adds the live price, the price chart and the next earnings date. No account needed.
This week, in three parts
What happenedThe run of 1 Nov 2026 moved the fair value from $29.91 to $29.30 (-2.0%). The model does not yet explain moves on this valuation method.
What the model makes of itThe price of $30.81 is 4.9% above it: Fairly valued, on a high evidence grade.
What's nextNext report on 9 Feb 2027. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give HIW?
The calibrated range for HIW over 63 trading days is $23.73 to $35.00. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 10,454 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $27.35 to $31.19.
Faircurve Insights · 1 Nov 2026
Highwoods Properties, Inc., based in Raleigh, is a publicly listed Real Estate Investment Trust whose shares trade on the NYSE under the ticker HIW. It focuses exclusively on office properties.
Faircurve's model put the fair value of Highwoods Properties at $29.30 a share on 1 Nov 2026. The previous run, on 24 Oct 2026, gave $29.91, so the fair value moved -2.0%. The model does not yet explain moves on this valuation method. The calibrated range over 63 trading days is $23.73 to $35.00. It is built from the fair value, since there is no live options data for the stock, and is calibrated weekly against realised prices, using 10,454 past valuations, refreshed 31 Oct 2026. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence High. For REITs the grade looks at the dividend record: at least three years of paid dividends with no cut. It does not say whether the fair value is right.
The model compares Highwoods Properties with a group of comparable companies. COPT Defense Properties, Kilroy Realty Corporation, Cousins Properties Incorporated, Vornado Realty Trust, Douglas Emmett, Inc. and BXP, Inc. each have a fair value of their own on the site. SL Green Realty Corp. and Alexandria Real Estate Equities, Inc. have no verdict on this date. The facts for this note contain no quality score, overall or by factor, against the peer median, so none is reported here. The stock was first valued by Faircurve on 11 Jul 2026.
Written from the figures on this page for the 1 Nov 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does HIW report earnings, and how has the stock reacted?
Highwoods Properties's next earnings report is scheduled for 9 Feb 2027. Companies can move their dates.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across HIW's last 8 reports, ignoring direction, was 2.0%.
How does HIW compare with similar companies?
The companies in office reits closest to Highwoods Properties in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| SLG SL Green Realty Corp. | $49.37 | $19.00 | -61.5% | Gap wider than 60% |
| CDP COPT Defense Properties | $33.03 | $19.80 | -40.1% | Overvalued |
| KRC Kilroy Realty Corporation | $36.03 | $27.65 | -23.3% | Overvalued |
| CUZ Cousins Properties Incorporated | $29.24 | $20.92 | -28.5% | Overvalued |
| VNO Vornado Realty Trust | $33.87 | $17.12 | -49.5% | Overvalued |
| DEI Douglas Emmett, Inc. | $9.85 | $13.60 | +38.1% | Undervalued |
| ARE Alexandria Real Estate Equities, Inc. | $42.28 | $35.36 | -16.4% | Low evidence grade |
| BXP BXP, Inc. | $62.63 | $47.45 | -24.2% | Overvalued |
Highwoods Properties at a glance
Highwoods Properties, Inc., based in Raleigh, operates as an S&P MidCap 400 Index constituent. This publicly listed Real Estate Investment Trust (REIT), whose shares trade on the NYSE under the ticker HIW, focuses exclusively on office properties.
- Market value
- $3.4B
- Sector
- Real Estate
- Industry
- Office REITs
- Beta to the US market
- 0.30
- First valued by Faircurve
- 11 Jul 2026
At the close of 3 Nov 2026, 52.1% of the 1,081 graded US stocks the model covers traded below the model's fair value. HIW was not among them.
How the fair value is worked out: the model values Highwoods Properties three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for HIW was $29.91. As of 1 Nov 2026 it is $29.30, a change of -2.0%. The model does not yet explain moves on this valuation method. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Highwoods Properties's valuation
Is Highwoods Properties stock undervalued or overvalued?
On Faircurve's model, HIW reads as Fairly valued as of 1 Nov 2026. The model's fair value is $29.30 a share against a last close of $30.81, a gap of -4.9%.
What is HIW's fair value?
$29.30 a share as of 1 Nov 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $27.35 to $31.19.
What price range does the model give HIW?
$23.73 to $35.00 over 63 trading days. Ranges built this way held the price 60% of the time across 10,454 past valuations, refreshed 31 Oct 2026.
When does Highwoods Properties report earnings next?
The next report is scheduled for 9 Feb 2027. Companies can move their dates.
How much has HIW moved on past earnings reports?
Across its last 8 reports the median two session move was 2.0%, ignoring direction. The largest was -9.5% around the report of 10 Feb 2026.
How confident is the model in this valuation?
The model's evidence grade for HIW is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on HIW
The model holds no idea open on HIW today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on HIW with their outcomes. A free account is enough.