Welcome to our dedicated page for Highwoods Properties news (Ticker: HIW), a resource for investors and traders seeking the latest updates and insights on Highwoods Properties 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.
Highwoods Properties has acquired the McKinney & Olive, a 557,000 square foot trophy mixed-use asset in Uptown Dallas, in partnership with Granite Properties. The property, which is 99% leased and includes substantial below-market rent potential, was secured for a total investment of $394.7 million. The acquisition is expected to enhance Highwoods' presence in the Dallas market, offering significant net operating income growth potential, estimated at $22 million for 2023. The location is strategically situated near the upcoming 23Springs development.
Highwoods Properties, Inc. (NYSE:HIW) and The Bromley Companies announced a 50/50 joint venture to develop Midtown East in Tampa, involving an investment of approximately $83 million for a 134,000 square foot office and retail space. The project will include five office floors and ground-level retail within an 18-story, 432,000 square foot tower. Construction is set to start in Q1 2023, aiming for completion by Q1 2025 and stabilization by Q2 2026. Highwoods also holds an 80% stake in a previous successful venture in Midtown Tampa.
Highwoods Properties, Inc. (NYSE:HIW) announced its third quarter 2022 results, detailing financial performance and strategic developments. The company operates as a fully-integrated real estate investment trust, focusing on office properties in key business districts across major U.S. cities including Atlanta, Charlotte, and Dallas. For a comprehensive review of financial outcomes, visit www.highwoods.com.
Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending September 30, 2022, resulting in an annualized dividend of $2.00 per share. This dividend is set for distribution on December 13, 2022 to shareholders on record as of November 21, 2022.
Additionally, a cash dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock will be paid on November 30, 2022 to all holders of record by November 15, 2022.
Highwoods Properties (NYSE:HIW) has secured a $200 million unsecured bank term loan maturing in October 2024, with an option to extend. The loan will support working capital, development, acquisitions, and debt repayment. The interest rate is SOFR plus an adjustment of 10 basis points and a borrowing spread of 95 basis points, which can decrease if sustainability goals are met. CEO Ted Klinck emphasized the bank group's confidence, noting that Highwoods has now raised $550 million in term loans this year, enhancing its strategic objectives and financial flexibility.
Highwoods Properties, Inc. (NYSE:HIW) will announce its third quarter 2022 results on October 25, 2022, following the market's closure. A conference call to discuss these results is scheduled for October 26 at 11:00 A.M. Eastern Time. Interested parties can participate by dialing (800) 756-3565 for US/Canada callers or join via a live webcast on the company's website. Highwoods is a real estate investment trust that operates in major business districts across the Southeast and Mid-Atlantic regions.
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.
On August 17, 2022, Highwoods Properties (NYSE:HIW) announced the acquisition of 650 South Tryon in Charlotte for $203 million. This investment includes $5.2 million in anticipated leasing capital expenditures and is net of $3.7 million in rent-related credits received at closing. The property, a LEED gold-certified office building, spans 367,000 square feet and is currently 79% leased. Located in the Uptown CBD submarket, it connects directly to Highwoods' Bank of America Tower.
Lincoln Harris and Goldman Sachs Asset Management have finalized the sale of a 367,000-square-foot building at 650 South Tryon in Charlotte to Highwoods Properties Inc. (NYSE: HIW). This marks the third sale within the Legacy Union project, which consists of over 1.5 million square feet of office space. The building is currently leased to major tenants like Deloitte and JLL. Highwoods Properties expands its footprint in Charlotte with this acquisition, following past successful transactions with Lincoln Harris and Goldman Sachs.
Highwoods Properties, Inc. (NYSE:HIW) announced a cash dividend of $0.50 per share for Q2 2022, equating to an annualized dividend of $2.00 per share. This dividend will be payable on September 13, 2022, to shareholders of record as of August 22, 2022.
Additionally, the Board declared a cash dividend of $21.5625 per share for the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on August 31, 2022, to holders of record as of August 15, 2022.
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