Highwoods Properties Inc vs SL Green Realty Corp

Highwoods Properties Inc (HIW) is overvalued and we do not publish a verdict for SL Green Realty Corp (SLG).

We publish an intrinsic value for HIW but not for SLG, so the two cannot be ranked on price.

Values as of the 22 Sept 2026 close.

Highwoods Properties Inc (HIW)

Discounting its cash flows at 7.6% (average of 2 methods) values the shares at $10.61; the price of $30.75 is 190% above that value, and 80% of that value comes from beyond year five.

Leak Score 0/100 on 2 of 12 signals

SL Green Realty Corp (SLG)

We do not publish a value for this company: its projected cash flows are negative in every year, including the terminal one.

Leak Score 0/100 on 1 of 12 signals

MetricHIWSLG
VerdictOvervaluedNot valued
Price$30.75$52.48
Intrinsic value$10.61
Margin of safety-190%
Leak Score0/100 (2/12)0/100 (1/12)
Market cap$3.4B$4.0B
Revenue growth, 5 years2.0%-0.4%
Operating margin25.6%11.2%
Net margin19.8%-18.3%
Return on equity7.1%-4.4%
Debt to equity1.481.75
P/E20.6x
Forward P/E44.9x
P/B1.4x1.3x
Dividend yield6.5%4.7%

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