HIW vs OPI Stock Comparison

Highwoods Properties and Office Properties Income Trust Prices as of Oct 26, 2026 Peers: Industry group

Head to Head

2 decided of 12

Highwoods Properties leads on 2 of the 12 questions below (Highwoods Properties 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHIWOPILeader
Larger companyMarket capitalisation $3.30B $876.77M HIW
Cheaper on earningsLower P/E, profitable companies only 19.8x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.7x — –
Faster revenue growthRevenue growth, trailing twelve months +3.0% — –
More profitableNet margin, trailing twelve months 19.9% — –
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.07% 0.00% –
Better 1-year returnPrice return, last 12 months +2.3% — –
Better 5-year returnAnnualised price return, 5 years -7.5%/yr — –
Less volatileAnnualised volatility, 1 year 29.3% 129.6% HIW
Higher overall scoreMean of the five percentile scores vs peers 40/100 — –

Percentile Scorecard

HIWOPI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHIWOPI
Valuation 41 #86 of 145 –
Growth 23 #109 of 142 –
Profitability 56 #61 of 136 –
Financial Health 32 #95 of 139 96 #6 of 139
Shareholder Returns 48 #69 of 131 –
Overall 40 –
  • HIW ranked among 149 companies in Property REITs
  • OPI ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHIWOPISPY
1 month +1.1%-27.0% -0.8%
3 months -10.2%-33.4% +3.5%
6 months +26.3%— +7.0%
Year to date +17.8%— +12.2%
1 year +2.3%— +13.0%
3 years +70.8%— +86.3%
3 years, per year +19.6%— +23.1%
5 years -32.2%— +68.6%
5 years, per year -7.5%— +11.0%
10 years -38.4%— +258.0%
10 years, per year -4.7%— +13.6%

Risk

MeasureHIWOPISPY
Volatility, 1Y 29.3%129.6% 12.7%
Downside volatility, 1Y 32.0%165.3% 12.7%
Beta vs S&P 500, 1Y 0.562.34 1.00
Return / volatility, 1Y 0.08— 1.02
Max drawdown, 5Y -62.9%-64.2% -25.4%
From 52-week high -11.6%-64.2% -1.8%
52-week high $34.39$33.85 $779.14
52-week low $20.58$12.11 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHIWOPI
P/E now vs peer median 20.2xmedian 27.4x —median 27.4x
P/S now vs peer median 4.0xmedian 4.2x —median 4.2x
EV/EBITDA now vs peer median —median 14.2x —median 14.2x
P/FCF now vs peer median -7.2xmedian 23.2x —median 23.2x
P/B now vs peer median 1.3xmedian 1.3x 0.3xmedian 1.3x
PEG now vs peer median 12.01median 2.11 —median 2.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHIWOPI
Revenue $835.54M –
Net income $173.55M –
Free cash flow -$462.85M –
EPS (diluted) $1.48 –
Cash & equivalents $145.38M $29.49M
Total debt $3.52B $8.15B
Shares (diluted) 112.30M 71.28M
Enterprise value $3.07B $444.04M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHIWOPI
P/E 20.2x –
P/FCF -7.2x –
P/Operating cash flow 8.7x –
P/S 4.0x –
P/B 1.3x 0.3x
P/Tangible book 1.5x 0.4x
EV/EBITDA – –
EV/EBIT – –
EV/Revenue 8.0x –
EV/FCF -14.5x –
EV/Operating cash flow 17.5x –
PEG (3Y EPS CAGR) 12.01 –

Growth

14 metrics
MetricHIWOPI
Revenue growth (1Y) 3.0% –
Revenue CAGR (3Y) -0.1% –
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – –
Operating income CAGR (3Y) – –
Net income growth (1Y) 32.0% –
Net income CAGR (3Y) 3.2% –
EPS growth (1Y) 28.7% –
EPS CAGR (3Y) 1.7% –
Operating cash flow growth (1Y) 5.6% –
Operating cash flow CAGR (3Y) -1.4% –
Free cash flow growth (1Y) -4,099% –
Free cash flow CAGR (3Y) -103.2% –

Profitability

14 metrics
MetricHIWOPI
Gross margin – –
EBITDA margin – –
Operating margin – –
Pretax margin – –
Net margin 19.9% –
FCF margin -55.4% –
Operating cash flow margin 46.0% –
Return on equity 6.7% –
Return on assets 2.7% –
Return on invested capital – –
Return on capital employed – –
Asset turnover 0.1x –
Cash conversion (OCF / net income) 2.2x –
Stock comp / revenue 1.1% –

Financial Health

11 metrics
MetricHIWOPI
Debt / assets 54.3% 25.5%
Debt / equity 1.4x 0.3x
Net debt / EBITDA – –
Debt / FCF -7.6x –
Liabilities / assets 60.0% 23.8%
Equity / assets 40.0% 76.2%
Interest coverage – –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricHIWOPI
Dividend yield 6.6% –
Net buyback yield -1.8% –
Shareholder yield 4.7% 0.0%
Payout ratio (earnings) 126.2% –
Payout ratio (FCF) -47.3% –
Dividend growth (1Y) 2.3% –
Dividend CAGR (3Y) 1.3% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHIWOPI
Forward P/E 26.7xFY2026 –
EPS, next fiscal year $1.14FY2026 –
EPS growth, next FY -21.4%FY2026 –
EPS growth, the year after -36.0% –
Revenue, next fiscal year $908.60MFY2026 –
Revenue growth, next FY +12.7%FY2026 –
Revenue growth, the year after -8.1% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIWOPI
Held by institutions 100.0% –
Institutions holding 371 –
Change in shares held, QoQ +10.9% –
Institutions buying 214 –
Institutions selling 102 –
Buyers to sellers 2.10 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HIWOPI
HIW 1.00 -0.01
OPI -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HIW and OPI?

Highwoods Properties (HIW) is the largest by market capitalisation: Highwoods Properties (HIW) $3.30B, Office Properties Income Trust (OPI) $876.77M.

Which pays a higher dividend?

Only one of these companies pays a dividend: Highwoods Properties (HIW) 0.07%, Office Properties Income Trust (OPI) 0.00%. Office Properties Income Trust (OPI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Highwoods Properties (HIW) has been the steadiest (Highwoods Properties (HIW) 29.3%, Office Properties Income Trust (OPI) 129.6%). Volatility measures how widely the price swings, not the risk of the business.

Do HIW and OPI move together?

Their daily returns over the past year have a correlation of -0.01, a negative relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, HIW and OPI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Highwoods Properties (HIW) leads on 2. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.