Highwoods Reports No Notable Damage from Hurricane Milton

Rhea-AI Summary

Highwoods Properties (NYSE:HIW) has reported no notable damage to its Florida properties following Hurricane Milton. The company conducted a thorough assessment of its buildings in Orlando and Tampa after the storm. Ted Klinck, President and CEO, expressed gratitude for the safety of all Highwoods employees in the affected areas and praised the team's preparation efforts. He also extended thoughts and prayers to those severely impacted by both Hurricane Helene and Hurricane Milton, acknowledging the need for community support in the aftermath of these natural disasters.

Positive

• No notable damage reported to Highwoods Properties' Florida buildings
• Effective hurricane preparation by the company's team

Negative

• None.

RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustained any notable damage.

Ted Klinck, President and CEO, stated, “We are fortunate that all members of the Highwoods family in Orlando and Tampa are safe from this most recent storm. Our team once again did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers continue to be with all those who have been hit hard by both Hurricane Helene and Hurricane Milton and need support from our greater community.”

About Highwoods

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) 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. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders. For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:
Hannah True 
Manager of Finance and Corporate Strategy 
Hannah.true@highwoods.com
919-872-4924

 

FAQ

How did Hurricane Milton affect Highwoods Properties (NYSE:HIW) buildings in Florida?

Highwoods Properties reported no notable damage to its Florida buildings after conducting a thorough assessment following Hurricane Milton.

What did Highwoods Properties (HIW) CEO Ted Klinck say about the company's response to Hurricane Milton?

CEO Ted Klinck praised the Highwoods team for their excellent preparation work and expressed gratitude that the company fared well during the hurricane.

Which Highwoods Properties (HIW) locations were potentially affected by Hurricane Milton in October 2024?

Highwoods Properties' locations in Orlando and Tampa, Florida were potentially affected by Hurricane Milton, but no notable damage was reported.

Did Highwoods Properties (NYSE:HIW) report any employee casualties due to Hurricane Milton in October 2024?

No, Highwoods Properties reported that all members of the Highwoods family in Orlando and Tampa were safe from the hurricane.