Highwoods Properties Inc (HIW) - Net Assets
Based on the latest financial reports, Highwoods Properties Inc (HIW) has net assets worth $2.44 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.27 Billion) and total liabilities ($3.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Highwoods Properties Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.44 Billion |
| % of Total Assets | 38.82% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | -6.72% |
| 10-Year Change | 5.94% |
| Growth Volatility | 38.86 |
Highwoods Properties Inc - Net Assets Trend (1994–2025)
This chart illustrates how Highwoods Properties Inc's net assets have evolved over time, based on quarterly financial data. Also explore HIW total asset value for the complete picture of this company's asset base.
Annual Net Assets for Highwoods Properties Inc (1994–2025)
The table below shows the annual net assets of Highwoods Properties Inc from 1994 to 2025. For live valuation and market cap data, see HIW company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.44 Billion | +0.18% |
| 2024-12-31 | $2.43 Billion | -2.26% |
| 2023-12-31 | $2.49 Billion | -3.02% |
| 2022-12-31 | $2.56 Billion | -1.77% |
| 2021-12-31 | $2.61 Billion | +5.69% |
| 2020-12-31 | $2.47 Billion | +7.07% |
| 2019-12-31 | $2.31 Billion | -2.64% |
| 2018-12-31 | $2.37 Billion | -0.46% |
| 2017-12-31 | $2.38 Billion | +3.57% |
| 2016-12-31 | $2.30 Billion | +31.70% |
| 2015-12-31 | $1.75 Billion | +4.39% |
| 2014-12-31 | $1.67 Billion | +4.19% |
| 2013-12-31 | $1.61 Billion | +24.46% |
| 2012-12-31 | $1.29 Billion | +17.52% |
| 2011-12-31 | $1.10 Billion | -9.23% |
| 2010-12-31 | $1.21 Billion | -4.26% |
| 2009-12-31 | $1.26 Billion | +7.78% |
| 2008-12-31 | $1.17 Billion | +7.29% |
| 2007-12-31 | $1.09 Billion | -8.03% |
| 2006-12-31 | $1.19 Billion | -6.92% |
| 2005-12-31 | $1.28 Billion | -22.97% |
| 2004-12-31 | $1.66 Billion | 0.00% |
| 2003-12-31 | $1.66 Billion | -5.14% |
| 2002-12-31 | $1.75 Billion | -3.47% |
| 2001-12-31 | $1.81 Billion | -9.77% |
| 2000-12-31 | $2.00 Billion | -6.24% |
| 1999-12-31 | $2.14 Billion | -1.70% |
| 1998-12-31 | $2.18 Billion | +28.81% |
| 1997-12-31 | $1.69 Billion | +96.36% |
| 1996-12-31 | $859.96 Million | +101.26% |
| 1995-12-31 | $427.30 Million | +170.61% |
| 1994-12-31 | $157.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highwoods Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 145113.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.10 Million | 0.05% |
| Other Comprehensive Income | $-2.49 Million | -0.10% |
| Other Components | $3.25 Billion | 136.63% |
| Total Equity | $2.38 Billion | 100.00% |
Highwoods Properties Inc Competitors by Market Cap
The table below lists competitors of Highwoods Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sumec Corp Ltd
SHG:600710
|
$2.45 Billion |
|
Paz Oil
TA:PZOL
|
$2.45 Billion |
|
SSI Securities Corp
VN:SSI
|
$2.45 Billion |
|
Neuland Laboratories Limited
NSE:NEULANDLAB
|
$2.45 Billion |
|
Guangdong Advertising Co Ltd
SHE:002400
|
$2.45 Billion |
|
Home Product Center Public Company Limited
BK:HMPRO
|
$2.45 Billion |
|
Offcn Education Technology Co Ltd
SHE:002607
|
$2.45 Billion |
|
Santos Brasil Participações S.A
SA:STBP3
|
$2.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highwoods Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,361,163,000 to 2,378,980,000, a change of 17,817,000 (0.8%).
- Net income of 159,612,000 contributed positively to equity growth.
- Dividend payments of 219,087,000 reduced retained earnings.
- Share repurchases of 2,130,000 reduced equity.
- New share issuances of 63,023,000 increased equity.
- Other comprehensive income decreased equity by 248,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $159.61 Million | +6.71% |
| Dividends Paid | $219.09 Million | -9.21% |
| Share Repurchases | $2.13 Million | -0.09% |
| Share Issuances | $63.02 Million | +2.65% |
| Other Comprehensive Income | $-248.00K | -0.01% |
| Other Changes | $16.65 Million | +0.7% |
| Total Change | $- | 0.75% |
Book Value vs Market Value Analysis
This analysis compares Highwoods Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.66x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $15.32 | $25.42 | x |
| 1995-12-31 | $22.67 | $25.42 | x |
| 1996-12-31 | $29.50 | $25.42 | x |
| 1997-12-31 | $35.79 | $25.42 | x |
| 1998-12-31 | $34.43 | $25.42 | x |
| 1999-12-31 | $30.67 | $25.42 | x |
| 2000-12-31 | $30.25 | $25.42 | x |
| 2001-12-31 | $29.56 | $25.42 | x |
| 2002-12-31 | $29.44 | $25.42 | x |
| 2003-12-31 | $30.89 | $25.42 | x |
| 2004-12-31 | $27.81 | $25.42 | x |
| 2005-12-31 | $21.99 | $25.42 | x |
| 2006-12-31 | $18.05 | $25.42 | x |
| 2007-12-31 | $16.61 | $25.42 | x |
| 2008-12-31 | $18.54 | $25.42 | x |
| 2009-12-31 | $15.65 | $25.42 | x |
| 2010-12-31 | $16.00 | $25.42 | x |
| 2011-12-31 | $14.41 | $25.42 | x |
| 2012-12-31 | $14.56 | $25.42 | x |
| 2013-12-31 | $16.63 | $25.42 | x |
| 2014-12-31 | $17.83 | $25.42 | x |
| 2015-12-31 | $17.92 | $25.42 | x |
| 2016-12-31 | $22.67 | $25.42 | x |
| 2017-12-31 | $22.55 | $25.42 | x |
| 2018-12-31 | $22.30 | $25.42 | x |
| 2019-12-31 | $21.68 | $25.42 | x |
| 2020-12-31 | $23.15 | $25.42 | x |
| 2021-12-31 | $24.39 | $25.42 | x |
| 2022-12-31 | $24.40 | $25.42 | x |
| 2023-12-31 | $22.58 | $25.42 | x |
| 2024-12-31 | $21.80 | $25.42 | x |
| 2025-12-31 | $21.52 | $25.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highwoods Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.80%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.64x
- Recent ROE (6.71%) is below the historical average (6.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 4.11% | 28.87% | 0.09x | 1.65x | $-8.02 Million |
| 1995 | 6.53% | 31.43% | 0.12x | 1.76x | $-12.28 Million |
| 1996 | 5.10% | 28.51% | 0.10x | 1.87x | $-37.71 Million |
| 1997 | 5.11% | 26.12% | 0.10x | 1.94x | $-68.47 Million |
| 1998 | 6.63% | 24.44% | 0.12x | 2.28x | $-63.95 Million |
| 1999 | 7.30% | 23.61% | 0.15x | 2.12x | $-51.15 Million |
| 2000 | 7.45% | 23.57% | 0.15x | 2.07x | $-45.67 Million |
| 2001 | 8.17% | 24.27% | 0.15x | 2.27x | $-29.35 Million |
| 2002 | 6.00% | 20.58% | 0.13x | 2.18x | $-62.29 Million |
| 2003 | 3.36% | 13.20% | 0.13x | 2.01x | $-109.93 Million |
| 2004 | 3.74% | 13.20% | 0.13x | 2.23x | $-93.41 Million |
| 2005 | 5.29% | 15.21% | 0.14x | 2.46x | $-55.70 Million |
| 2006 | 4.85% | 12.89% | 0.15x | 2.57x | $-57.03 Million |
| 2007 | 8.88% | 20.76% | 0.15x | 2.86x | $-11.46 Million |
| 2008 | 2.91% | 6.94% | 0.16x | 2.68x | $-78.00 Million |
| 2009 | 5.19% | 12.88% | 0.16x | 2.56x | $-54.31 Million |
| 2010 | 5.67% | 14.78% | 0.16x | 2.38x | $-52.41 Million |
| 2011 | 4.11% | 9.35% | 0.15x | 2.90x | $-64.63 Million |
| 2012 | 6.86% | 15.42% | 0.15x | 2.89x | $-36.42 Million |
| 2013 | 8.49% | 22.53% | 0.15x | 2.58x | $-22.27 Million |
| 2014 | 6.64% | 18.24% | 0.15x | 2.39x | $-56.27 Million |
| 2015 | 5.56% | 16.05% | 0.13x | 2.57x | $-77.49 Million |
| 2016 | 22.80% | 78.77% | 0.15x | 1.98x | $294.38 Million |
| 2017 | 7.78% | 26.38% | 0.15x | 1.94x | $-52.76 Million |
| 2018 | 7.25% | 23.86% | 0.15x | 1.97x | $-65.19 Million |
| 2019 | 5.93% | 18.60% | 0.14x | 2.23x | $-93.84 Million |
| 2020 | 14.06% | 47.14% | 0.14x | 2.11x | $100.34 Million |
| 2021 | 12.00% | 40.79% | 0.13x | 2.18x | $52.15 Million |
| 2022 | 6.20% | 19.19% | 0.14x | 2.36x | $-97.44 Million |
| 2023 | 6.11% | 17.83% | 0.14x | 2.47x | $-94.61 Million |
| 2024 | 4.33% | 12.38% | 0.14x | 2.55x | $-133.87 Million |
| 2025 | 6.71% | 19.80% | 0.13x | 2.64x | $-78.29 Million |
Industry Comparison
This section compares Highwoods Properties Inc's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $3,785,851,500
- Average return on equity (ROE) among peers: 2.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highwoods Properties Inc (HIW) | $2.44 Billion | 4.11% | 1.58x | $2.45 Billion |
| Alexandria Real Estate Equities Inc (ARE) | $22.62 Billion | 0.46% | 0.63x | $8.02 Billion |
| Brandywine Realty Trust (BDN) | $17.10 Million | 8.77% | 0.01x | $540.20 Million |
| Boston Properties Inc (BXP) | $1.84 Billion | 6.51% | 1.95x | $9.42 Billion |
| COPT Defense Properties (CDP) | $1.54 Billion | 2.62% | 1.38x | $3.59 Billion |
| City Office (CIO) | $549.13 Million | -4.84% | 1.24x | $3.23 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $15.08 Million |
| Cousins Properties Incorporated (CUZ) | $4.65 Billion | 3.59% | 0.62x | $3.83 Billion |
| Eerly Govt Ppty Inc (DEA) | $1.39 Billion | 1.41% | 1.32x | $1.08 Billion |
| Douglas Emmett Inc (DEI) | $2.29 Billion | -1.18% | 1.64x | $2.05 Billion |
| Equity Commonwealth (EQC) | $2.92 Billion | 8.38% | 1.06x | $169.73 Million |
About Highwoods Properties Inc
Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust 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 vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our… Read more