REIT - Office
Compare Stocks
2 / 10Stock Comparison
HIW vs VRE
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Residential
HIW vs VRE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Residential |
| Market Cap | $2.82B | $1.78B |
| Revenue (TTM) | $820M | $291M |
| Net Income (TTM) | $93M | $70M |
| Gross Margin | 67.4% | 23.4% |
| Operating Margin | 25.6% | 14.7% |
| Forward P/E | 39.6x | 23.7x |
| Total Debt | $3.64B | $1.37B |
| Cash & Equiv. | $27M | $14M |
HIW vs VRE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| Veris Residential, … (VRE) | 100 | 124.7 | +24.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HIW vs VRE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HIW is the clearest fit if your priority is long-term compounding and defensive.
- -6.8% 10Y total return vs VRE's -12.8%
- Beta 0.76, yield 7.7%, current ratio 42.45x
- 7.7% yield, vs VRE's 1.7%
VRE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 3 yrs, beta 0.22, yield 1.7%
- Rev growth 6.4%, EPS growth 420.0%, 3Y rev CAGR 7.3%
- Lower volatility, beta 0.22, current ratio 0.08x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.4% FFO/revenue growth vs HIW's -2.4% | |
| Value | Lower P/E (23.7x vs 39.6x) | |
| Quality / Margins | 24.2% margin vs HIW's 11.4% | |
| Stability / Safety | Beta 0.22 vs HIW's 0.76, lower leverage | |
| Dividends | 7.7% yield, vs VRE's 1.7% | |
| Momentum (1Y) | +22.8% vs HIW's -5.2% | |
| Efficiency (ROA) | 2.5% ROA vs HIW's 1.5%, ROIC 1.3% vs 2.7% |
HIW vs VRE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HIW vs VRE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HIW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
HIW is the larger business by revenue, generating $820M annually — 2.8x VRE's $291M. VRE is the more profitable business, keeping 24.2% of every revenue dollar as net income compared to HIW's 11.4%. On growth, HIW holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $820M | $291M |
| EBITDAEarnings before interest/tax | $511M | $129M |
| Net IncomeAfter-tax profit | $93M | $70M |
| Free Cash FlowCash after capex | $318M | $50M |
| Gross MarginGross profit ÷ Revenue | +67.4% | +23.4% |
| Operating MarginEBIT ÷ Revenue | +25.6% | +14.7% |
| Net MarginNet income ÷ Revenue | +11.4% | +24.2% |
| FCF MarginFCF ÷ Revenue | +38.7% | +17.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +3.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -67.8% | -36.4% |
Valuation Metrics
HIW leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 17.6x trailing earnings, HIW trades at a 26% valuation discount to VRE's 23.7x P/E. On an enterprise value basis, HIW's 12.7x EV/EBITDA is more attractive than VRE's 23.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.8B | $1.8B |
| Enterprise ValueMkt cap + debt − cash | $6.4B | $3.1B |
| Trailing P/EPrice ÷ TTM EPS | 17.63x | 23.71x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.58x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.75x | 23.09x |
| Price / SalesMarket cap ÷ Revenue | 3.50x | 6.17x |
| Price / BookPrice ÷ Book value/share | 1.16x | 1.52x |
| Price / FCFMarket cap ÷ FCF | 16.93x | 32.39x |
Profitability & Efficiency
VRE leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
VRE delivers a 5.6% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $4 for HIW. VRE carries lower financial leverage with a 1.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to HIW's 1.49x. On the Piotroski fundamental quality scale (0–9), VRE scores 7/9 vs HIW's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.8% | +5.6% |
| ROA (TTM)Return on assets | +1.5% | +2.5% |
| ROICReturn on invested capital | +2.7% | +1.3% |
| ROCEReturn on capital employed | +3.5% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 1.49x | 1.07x |
| Net DebtTotal debt minus cash | $3.6B | $1.4B |
| Cash & Equiv.Liquid assets | $27M | $14M |
| Total DebtShort + long-term debt | $3.6B | $1.4B |
| Interest CoverageEBIT ÷ Interest expense | 2.07x | 1.84x |
Total Returns (Dividends Reinvested)
Evenly matched — HIW and VRE each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VRE five years ago would be worth $11,684 today (with dividends reinvested), compared to $7,995 for HIW. Over the past 12 months, VRE leads with a +22.8% total return vs HIW's -5.2%. The 3-year compound annual growth rate (CAGR) favors HIW at 13.0% vs VRE's 6.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +0.7% | +28.4% |
| 1-Year ReturnPast 12 months | -5.2% | +22.8% |
| 3-Year ReturnCumulative with dividends | +44.3% | +21.5% |
| 5-Year ReturnCumulative with dividends | -20.1% | +16.8% |
| 10-Year ReturnCumulative with dividends | -6.8% | -12.8% |
| CAGR (3Y)Annualised 3-year return | +13.0% | +6.7% |
Risk & Volatility
VRE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VRE is the less volatile stock with a 0.22 beta — it tends to amplify market swings less than HIW's 0.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VRE currently trades 99.7% from its 52-week high vs HIW's 78.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.76x | 0.22x |
| 52-Week HighHighest price in past year | $32.76 | $19.03 |
| 52-Week LowLowest price in past year | $20.45 | $13.69 |
| % of 52W HighCurrent price vs 52-week peak | +78.0% | +99.7% |
| RSI (14)Momentum oscillator 0–100 | 69.6 | 66.3 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.2M |
Analyst Outlook
Evenly matched — HIW and VRE each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HIW as "Hold" and VRE as "Hold". Consensus price targets imply 5.6% upside for HIW (target: $27) vs -26.2% for VRE (target: $14). For income investors, HIW offers the higher dividend yield at 7.67% vs VRE's 1.70%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $27.00 | $14.00 |
| # AnalystsCovering analysts | 22 | 12 |
| Dividend YieldAnnual dividend ÷ price | +7.7% | +1.7% |
| Dividend StreakConsecutive years of raises | 0 | 3 |
| Dividend / ShareAnnual DPS | $1.96 | $0.32 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.0% |
HIW leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). VRE leads in 2 (Profitability & Efficiency, Risk & Volatility). 2 tied.
HIW vs VRE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HIW or VRE a better buy right now?
For growth investors, Veris Residential, Inc.
(VRE) is the stronger pick with 6. 4% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Highwoods Properties, Inc. (HIW) offers the better valuation at 17. 6x trailing P/E (39. 6x forward), making it the more compelling value choice. Analysts rate Highwoods Properties, Inc. (HIW) a "Hold" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HIW or VRE?
On trailing P/E, Highwoods Properties, Inc.
(HIW) is the cheapest at 17. 6x versus Veris Residential, Inc. at 23. 7x.
03Which is the better long-term investment — HIW or VRE?
Over the past 5 years, Veris Residential, Inc.
(VRE) delivered a total return of +16. 8%, compared to -20. 1% for Highwoods Properties, Inc. (HIW). Over 10 years, the gap is even starker: HIW returned -6. 8% versus VRE's -12. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HIW or VRE?
By beta (market sensitivity over 5 years), Veris Residential, Inc.
(VRE) is the lower-risk stock at 0. 22β versus Highwoods Properties, Inc. 's 0. 76β — meaning HIW is approximately 241% more volatile than VRE relative to the S&P 500. On balance sheet safety, Veris Residential, Inc. (VRE) carries a lower debt/equity ratio of 107% versus 149% for Highwoods Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HIW or VRE?
By revenue growth (latest reported year), Veris Residential, Inc.
(VRE) is pulling ahead at 6. 4% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: Veris Residential, Inc. grew EPS 420. 0% year-over-year, compared to 54. 3% for Highwoods Properties, Inc.. Over a 3-year CAGR, VRE leads at 7. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HIW or VRE?
Veris Residential, Inc.
(VRE) is the more profitable company, earning 26. 1% net margin versus 19. 8% for Highwoods Properties, Inc. — meaning it keeps 26. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HIW leads at 26. 0% versus 17. 1% for VRE. At the gross margin level — before operating expenses — HIW leads at 67. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HIW or VRE more undervalued right now?
Analyst consensus price targets imply the most upside for HIW: 5.
6% to $27. 00.
08Which pays a better dividend — HIW or VRE?
All stocks in this comparison pay dividends.
Highwoods Properties, Inc. (HIW) offers the highest yield at 7. 7%, versus 1. 7% for Veris Residential, Inc. (VRE).
09Is HIW or VRE better for a retirement portfolio?
For long-horizon retirement investors, Veris Residential, Inc.
(VRE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 22), 1. 7% yield). Both have compounded well over 10 years (VRE: -12. 8%, HIW: -6. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HIW and VRE?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HIW is a small-cap deep-value stock; VRE is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.