$Highwoods Properties Inc (HIW.US)$ 🎯 2024.4.12 Current pr...

New data: 23Q3, 23Q4, revenue increased slightly in Q3, decreased slightly in Q4, operating profit continued to shrink, and net profit Q4 grew on income from asset sales.

In 2023, revenue increased 0.6%, operating profit shrank 6.8%, and net profit shrank 7.7%.

The balance ratio increased from 57.7% to 58.6%, real estate increased to 5 billion dollars, accounting for 83% of total assets of 6 billion dollars, and total liabilities of 3.5 billion yuan, accounting for 70% of real estate.

Currently, the price-earnings ratio is 17.9, and the 5-year average net profit of 220 million yuan corresponds to a price-earnings ratio of 12 and a dividend ratio of 8%. The return is not very attractive.