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Highwoods Pptys Inc - HIW STOCK NEWS

Welcome to our dedicated page for Highwoods Pptys news (Ticker: HIW), a resource for investors and traders seeking the latest updates and insights on Highwoods Pptys stock.

Highwoods Properties Inc. (NYSE: HIW) is a leading real estate investment trust (REIT) headquartered in Raleigh, North Carolina. As a member of the S&P MidCap 400 Index, Highwoods specializes in the acquisition, ownership, development, leasing, and management of high-quality office properties in key urban areas. The company focuses on the Best Business Districts (BBDs) in cities such as Atlanta, Kansas City, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, Tampa, and the Triad.

The company's portfolio primarily consists of office buildings that generate nearly all of its rental revenue from a diverse tenant base. Major tenants include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies. Highwoods' largest markets, which account for the majority of its square footage and rental income, are located in urban centers like Atlanta, Raleigh, Nashville, and Tampa.

Highwoods Properties is driven by a culture of integrity, hard work, creativity, and team spirit. The company is committed to fostering environments where the best and brightest can collaborate effectively, thereby delivering greater value to its customers, employees, and stakeholders. This commitment is reflected in their strategic plan aimed at ensuring long-term growth and stability.

Recent achievements and ongoing projects are a testament to Highwoods' dedication to excellence. The company continues to demonstrate robust financial health, underpinned by a diversified revenue stream and strong market presence. Highwoods frequently engages with investors and stakeholders through regular financial releases and conference calls, ensuring transparency and timely updates on its performance and developments.

For more information, visit the company's official website at www.highwoods.com.

Latest News:

  • Conference Call Wednesday, July 26th, at 11:00 A.M.
  • Conference Call Wednesday, October 25th, at 11:00 A.M.
  • Conference Call Wednesday, February 7th, at 11:00 A.M. Planned Dates for Financial Releases and Conference Calls in 2024
  • Conference Call Wednesday, April 24th, at 11:00 A.M.
News

Highwoods Announces Recent Disposition Activity

Rhea-AI Summary
Highwoods Properties, Inc. (HIW) has sold non-core properties in Raleigh for $79.4 million, with $16.9 million closed in Q1 2024. The properties include 8 office buildings and 1 building adjacent to Research Triangle Park, generating $6.0 million in net operating income. The company provided $6.2 million in seller financing, with proceeds used to reduce debt and for corporate purposes.
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Highwoods to Release First Quarter 2024 Results Tuesday, April 23rd     

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Highwoods Properties, Inc. (HIW) will announce its first quarter 2024 results on April 23rd, followed by a conference call on April 24th. Investors can join the call via phone or webcast.
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Highwoods Provides Leasing Update

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Highwoods Properties, Inc. (HIW) announces 129,000 SF of additional leases signed at 23Springs in Uptown Dallas, bringing total leases to 718,000 SF in the first quarter. The development is 53% pre-leased, with a total expected investment of $460 million. Construction began in 2022, aiming for completion in 2025 and stabilization in 2028.
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Highwoods Announces Availability of Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Highwoods Properties, Inc. (HIW) has announced its fourth quarter and full year 2023 financial results, showcasing a strong performance with a significant increase in funds from operations (FFO) and net income. The company has also provided an optimistic outlook for 2024, highlighting strategic acquisitions and development projects.
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Highwoods Declares Quarterly Dividends

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Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share of common stock for the quarter ended December 31, 2023, amounting to an annualized dividend of $2.00 per share. Additionally, a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock has been declared. Both dividends are payable in February and March 2024.
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Highwoods Recasts Credit Facility

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Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of its unsecured revolving credit facility, replacing the existing facility obtained in 2021. The new facility extends the maturity date to January 2029, with unilateral extension options. The amount remains at $750M, with a SOFR borrowing spread of 85 bps and an annual facility fee of 20 bps. This move strengthens the company's balance sheet, improves liquidity, and provides financial flexibility to pursue strategic objectives.
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Highwoods to Release Fourth Quarter and Full Year 2023 Results Tuesday, February 6th

Rhea-AI Summary
Highwoods Properties, Inc. (NYSE:HIW) will release its fourth quarter and full year 2023 results on Tuesday, February 6th, after the market closes. A conference call will be held the next day, Wednesday, February 7th, at 11:00 A.M. Eastern time. The company has also set the following dates for the release of its 2024 financial results and conference calls.
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James Campbell Company Announces the Appointment of Kevin Penn as Chief Executive Officer

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James Campbell Company LLC (JCC) announced the appointment of Kevin Penn as the new chief executive officer, effective Jan. 8, 2024. With over 25 years of executive leadership experience in real estate and business strategy, Mr. Penn most recently served as the chief of business operations for the United States Olympic and Paralympic Committee (USOPC).
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Highwoods Elects Candice Todd to Board of Directors

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Highwoods Properties, Inc. (NYSE:HIW) announced the election of Candice W. Todd to its Board of Directors effective January 30, 2024. With extensive experience in real estate investment and finance, Ms. Todd's addition is expected to enhance the company's strategic direction and shareholder value. Her previous roles at Morgan Stanley Real Estate Investments and her current position as chair of the National Council of Real Estate Investment Fiduciaries demonstrate her expertise in the industry.
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Highwoods Prices $350 Million of 7.65% Notes Due 2034

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Highwoods Properties, Inc. (NYSE: HIW) announced the pricing of a $350 million offering of 7.65% unsecured notes due February 1, 2034, with a yield of 7.836%. The proceeds will be used to repay outstanding debt and for general corporate purposes. The offering is expected to close on November 21, 2023. The joint book-running managers include PNC Capital Markets LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, Wells Fargo Securities, LLC, Regions Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc.
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FAQ

What is the current stock price of Highwoods Pptys (HIW)?

The current stock price of Highwoods Pptys (HIW) is $29.5 as of April 1, 2025.

What is the market cap of Highwoods Pptys (HIW)?

The market cap of Highwoods Pptys (HIW) is approximately 3.1B.

What is Highwoods Properties Inc.?

Highwoods Properties Inc. is a real estate investment trust (REIT) focused on owning, developing, leasing, and managing office properties in urban areas.

Where is Highwoods Properties Inc. headquartered?

Highwoods Properties Inc. is headquartered in Raleigh, North Carolina.

What type of properties does Highwoods Properties Inc. specialize in?

Highwoods specializes in office buildings located in the Best Business Districts (BBDs) of major cities such as Atlanta, Kansas City, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, Tampa, and the Triad.

Who are the major tenants of Highwoods Properties Inc.?

Highwoods' major tenants include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

How does Highwoods Properties Inc. generate revenue?

Highwoods generates nearly all of its revenue from rental income derived from the tenants of its office buildings.

What recent achievements has Highwoods Properties Inc. accomplished?

Recent achievements include the development of new office properties, strategic acquisitions, and maintaining a robust financial status through diversified revenue streams.

What is the significance of Highwoods Properties Inc. being a member of the S&P MidCap 400 Index?

Being a member of the S&P MidCap 400 Index signifies that Highwoods is recognized as a key mid-sized company with stable financial performance and significant market presence.

How does Highwoods Properties Inc. engage with its investors?

Highwoods engages with its investors through regular financial releases and conference calls, providing timely updates on performance and developments.

What is the strategic focus of Highwoods Properties Inc.?

Highwoods focuses on long-term growth and stability by fostering environments where collaboration and innovation can thrive, thereby delivering greater value to customers, employees, and stakeholders.

Where can I find more information about Highwoods Properties Inc.?

More information can be found on the company's official website at www.highwoods.com.
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Highwoods Pptys Inc

NYSE:HIW

HIW Rankings

#1145 Ranked by Market Cap
#424 Ranked by Dividends

HIW Stock Data

3.12B
105.59M
1.79%
103.88%
3.62%
REIT - Office
Real Estate Investment Trusts
Link
United States
RALEIGH