Highwoods Properties Inc. - HIW STOCK NEWS

Highwoods Properties (NYSE:HIW) has announced the election of David L. Gadis to its Board of Directors, effective January 1, 2021. Gadis brings over 30 years of leadership experience, having served as CEO of DC Water, overseeing a $1 billion budget and a workforce of approximately 1,100. His prior role included CEO and President of Veolia Water Indianapolis. Chairman Carlos E. Evans expressed confidence in Gadis’s ability to enhance the board's expertise, focusing on long-term shareholder value and community support.

Highwoods Properties (NYSE: HIW) has successfully sold non-core properties in Greensboro and Memphis, generating $127.5 million in gross proceeds. The transactions included a 49,500 square foot property, a three-building office portfolio totaling 292,400 square feet, and a medical office building portfolio of 284,700 square feet, all with a combined occupancy rate of 91.3%. The company anticipates recognizing non-FFO gains of approximately $52.4 million in Q4 2020 from these sales.

Highwoods Properties, Inc. (NYSE: HIW) reported its third quarter 2020 results. The company is a publicly-traded real estate investment trust (REIT) focusing on office properties in key business districts across cities like Atlanta, Charlotte, and Nashville. For detailed financial results, shareholders and interested parties are encouraged to visit their investors' website. Highwoods continues to manage and develop properties, maintaining a presence in the S&P MidCap 400 Index.

Highwoods Properties, Inc. (NYSE: HIW) declared a quarterly cash dividend of $0.48 per share for Q3 2020, amounting to an annual dividend of $1.92 per share. This dividend is scheduled for payment on December 8, 2020 to shareholders on record as of November 16, 2020. Additionally, the Board announced a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on November 30, 2020.

Highwoods Properties, Inc. (NYSE: HIW) will announce its 2020 third quarter results on October 27th, after market close. A conference call is scheduled for October 28th, at 11:00 A.M. Eastern time. US/Canada callers can dial (800) 756-3565 to participate, and a live webcast will be available on the company's website. Highwoods is a real estate investment trust focused on office properties in key business districts across Atlanta, Charlotte, Nashville, and more, with membership in the S&P MidCap 400 Index.

Highwoods Properties, Inc. (NYSE: HIW) announced a cash tender offer for up to $150 million of its outstanding 3.20% Notes due 2021. The tender offer expires at midnight on August 26, 2020, unless extended. The Total Consideration for notes validly tendered by the Early Tender Deadline of August 12, 2020, includes an early tender premium of $30 per $1,000. Due to oversubscription, only approximately 67% of the notes will be accepted for purchase. The company will pay for the validly tendered notes on August 14, 2020. Wells Fargo Securities is managing the offer.

Highwoods Properties (NYSE: HIW) announced early results of its cash tender offer to purchase up to $150 million of its 3.20% Notes due 2021. As of the early tender deadline on August 12, 2020, $222.59 million in notes were validly tendered, exceeding the tender cap. The total consideration includes an early tender premium of $30 per $1,000 of notes accepted. The offer will expire on August 26, 2020, unless extended. Wells Fargo Securities is managing the offer, and payment for accepted notes is expected on August 14, 2020.

Highwoods Properties (NYSE: HIW) announced an increase in the principal amount of its outstanding 3.20% Notes due 2021 that it can purchase under its tender offer, raising the cap from $100 million to $150 million. This adjustment is subject to the conditions specified in the Offer to Purchase dated July 30, 2020. Wells Fargo Securities is the dealer manager for the Offer. Importantly, no recommendation is made regarding whether holders should tender their Notes, and the company emphasizes that this press release is strictly informational.

Highwoods Properties, Inc. (NYSE: HIW) has announced a $400 million offering of 2.600% unsecured notes, due February 1, 2031, priced to yield 2.645%. The offering will close on August 13, 2020. The proceeds will be used to finance a tender offer for existing 3.20% Notes due 2021, repay outstanding debts, and for general corporate purposes. Major financial institutions including Wells Fargo Securities and BofA Securities are managing the offering. The press release also highlights the company’s integration in commercial real estate, focusing on prime business districts.