Highwoods Reports No Notable Damage from Hurricane Helene
Highwoods Properties (NYSE:HIW) has reported no notable damage to its properties in Florida, Georgia, North Carolina, and Tennessee following Hurricane Helene.
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Rhea-AI Summary
Highwoods Properties (NYSE:HIW) has reported no notable damage to its properties in Florida, Georgia, North Carolina, and Tennessee following Hurricane Helene. The company conducted a thorough assessment of its buildings in these states after the storm. Ted Klinck, President and CEO, expressed gratitude for the safety of all Highwoods employees and praised the team's preparatory efforts. He also extended thoughts and prayers to those severely impacted by the hurricane.
Positive
- No notable damage reported to company properties in affected states
- Effective hurricane preparation by the company's team
Negative
- None.
Details
News Market Reaction – HIW
The recorded move for HIW in the trading session of this news was +1.95%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee properties that its buildings have not sustained any notable damage.
Ted Klinck, President and CEO stated, “We are fortunate all members of the Highwoods family are safe. Our team did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers are with all those who have been hit hard by this storm 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 |
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