Highwoods Pptys Inc - HIW STOCK NEWS

Highwoods Properties, Inc. (NYSE:HIW) has declared a quarterly cash dividend of $0.48 per share, amounting to an annual dividend of $1.92. This dividend is payable on June 8, 2021, to shareholders on record as of May 17, 2021. Additionally, the board announced a dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on June 1, 2021. These announcements reinforce Highwoods' commitment to returning value to its shareholders.

Highwoods Properties, Inc. (NYSE:HIW) will release its Q1 2021 results on April 27th, after market close. A conference call is scheduled for April 28th at 11:00 A.M. Eastern time, where investors can listen in by dialing (800) 756-3565 or via a live webcast on the Company’s website. Highwoods Properties is a publicly-traded real estate investment trust (REIT) that operates in key business districts across multiple U.S. cities. Further details can be found on their website.

Highwoods Properties (NYSE:HIW) has executed a recast of its unsecured revolving credit facility, enhancing its borrowing capacity to $750M from $600M. The new facility offers a LIBOR borrowing spread of 90 bps and maintains an annual facility fee of 20 bps. Notably, the maturity date has been extended to March 2025, providing additional financial flexibility. The company aims to meet sustainability goals which may further reduce borrowing costs. CEO Ted Klinck emphasized the bank group’s confidence and the facility's role in strengthening Highwoods' balance sheet and liquidity.

Highwoods Properties (NYSE:HIW) has announced its fourth quarter and full year 2020 results, showcasing its position as a leading real estate investment trust. The company's operations span major business districts across several cities, including Atlanta and Charlotte. The full report can be accessed through their investors section on the company's website.

As a member of the S&P MidCap 400 Index, Highwoods continues to focus on owning, developing, acquiring, leasing, and managing prime office properties.

Highwoods Properties (NYSE:HIW) announced significant investment transactions in early 2021. The company sold a 100,000 square foot office building in Atlanta, leased to the FAA, for $30.7 million, expected to generate $2.4 million in net operating income for 2021. Additionally, it acquired a 75% interest in a five-building office complex called 'The Forum' in Raleigh for $131.3 million, with a projected net operating income of $11.5 million. These moves align with Highwoods' strategy to divest non-core properties while investing in prime office locations.

Highwoods Properties (NYSE:HIW) is set to release its 2020 fourth quarter results on February 9, 2021, after market close. A conference call for discussion will take place the following day, February 10, at 11:00 A.M. Eastern time. US/Canada callers can join by dialing (800) 756-3565. The company has also announced its financial release schedule for 2021, detailing quarterly releases and subsequent conference calls. Highwoods is a fully-integrated office REIT focused on significant business districts in several major cities.

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.