Highwoods Reports No Notable Damage from Hurricane Ian

Rhea-AI Summary

Highwoods Properties (NYSE:HIW) announced that its properties in Florida, Georgia, North Carolina, and Tennessee sustained no significant damage following a recent hurricane. All utilities are operational, and properties reopened as scheduled. CEO Ted Klinck expressed gratitude for the safety of employees and the effective hurricane preparedness efforts. He extended thoughts to those affected by the storm, highlighting the company's commitment to community support.

Positive

• No significant damage reported to properties in Florida, Georgia, North Carolina, and Tennessee.
• All utilities operational, ensuring minimal disruption.
• Properties reopened on schedule, demonstrating operational resilience.

Negative

• None.

RALEIGH, N.C., Oct. 03, 2022 (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 assets have not sustained any notable damage. All building utilities are operational, minor clean-up was completed over the weekend and all properties will open as normal this morning.

Ted Klinck, President and CEO stated, “We are fortunate all members of the Highwoods family are safe and their homes are intact. Our team did terrific work preparing for the hurricane and we are grateful to have fared so well. Our thoughts and prayers are with all those who have been hit hard by this storm and who will undoubtedly need help from our greater community.”

About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:	Brendan Maiorana
	Executive Vice President and Chief Financial Officer
	brendan.maiorana@highwoods.com
	919-872-4924

 

FAQ

What did Highwoods Properties report about their assets after the hurricane?

Highwoods Properties reported that their assets in Florida, Georgia, North Carolina, and Tennessee experienced no notable damage and all utilities are operational.

How did Highwoods Properties perform post-hurricane?

Highwoods Properties confirmed that all properties reopened as normal after minor cleanup following the hurricane.

What is the stock symbol for Highwoods Properties?

The stock symbol for Highwoods Properties is HIW.

Who is the CEO of Highwoods Properties?

The CEO of Highwoods Properties is Ted Klinck.