Highwoods Pptys Inc - HIW STOCK NEWS

Highwoods Properties, Inc. (NYSE:HIW) has acquired a portfolio of office assets from Preferred Apartment Communities, Inc. (NYSE:APTS) for a total investment of $683 million. This includes $28 million for building improvements and $4 million in transaction costs. The portfolio consists of four Class A office buildings in Charlotte and Raleigh, totaling 1.63 million square feet, and a mixed-use redevelopment site in Atlanta. The properties are 94% occupied, projected to generate $38.3 million in cash net operating income, with financing partly through a $200 million bridge loan.

Highwoods Properties (NYSE:HIW) announced its second quarter 2021 results on July 27, 2021. As a publicly-traded real estate investment trust (REIT), the company focuses on owning, developing, and managing properties in key business districts across major U.S. cities including Atlanta, Charlotte, and Nashville. Investors can access detailed financial results and insights through the company's investor section. The press release highlights Highwoods' strategic focus and position in the S&P MidCap 400 Index.

Highwoods Properties, Inc. (NYSE:HIW) announces the retirement of CFO Mark Mulhern, effective January 1, 2022, with Brendan Maiorana appointed as his successor. Mulhern's decade-long tenure is recognized for strong strategic leadership. Maiorana, previously Executive VP of Finance, has been integral in financial stewardship. Additionally, Sara Carlton is promoted to Vice President and Associate General Counsel, and Ryan Hunt to Vice President and Chief Information Officer. Highwoods is a publicly traded REIT focused on office properties in major business districts across the southeastern U.S.

Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending June 30, 2021, marking a 4.2% increase from the previous quarter. This annualizes to $2.00 per share, payable on September 8, 2021 to shareholders on record by August 16, 2021.

Additionally, a dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock has also been declared, to be paid on August 31, 2021.

Highwoods Properties, Inc. (NYSE:HIW) is set to announce its second quarter 2021 earnings on July 27, post-market. A conference call will follow on July 28 at 11:00 A.M. Eastern time to discuss the results. US/Canada participants can join by calling (800) 756-3565, or access the live webcast on the company’s website. Highwoods, a publicly traded REIT, focuses on properties in major business districts across cities like Atlanta and Nashville.

Highwoods Properties (NYSE:HIW) has successfully sold Preserve VII in north Tampa for $43.0 million. The property is fully leased, generating $2.0 million in annual cash net operating income, which includes $0.4 million of free rent. The company anticipates recording a non-FFO gain of approximately $22.8 million in Q2 2021 from this sale. This transaction is part of Highwoods’ strategy to fund the acquisition of a $769 million office property portfolio from PAC, expected to close in Q3 2021, with plans to sell $500 to $600 million of non-core assets by mid-2022.

Highwoods Properties has released its 2020 Corporate Responsibility Report, marking the fourth annual publication. This report details the company's Environmental, Social, and Governance (ESG) initiatives, reflecting its commitment to corporate responsibility. Investors and stakeholders can access the full report via the company's website. Highwoods Properties is a publicly-traded real estate investment trust (REIT) and a member of the S&P MidCap 400 Index, focusing on properties in major business districts across several cities.

Highwoods Properties (NYSE:HIW) announced its first quarter 2021 results on April 27, 2021. The company, a publicly-traded real estate investment trust (REIT), is primarily focused on owning, developing, and managing properties in key business districts across cities such as Atlanta, Charlotte, and Nashville. The detailed results and further insights can be accessed on their official website. Highwoods is included in the S&P MidCap 400 Index, showcasing its prominence in the market.

Highwoods Properties, Inc. (NYSE:HIW) plans to acquire a portfolio of five office assets and two non-core properties from Preferred Apartment Communities, Inc. for $769 million, which includes assumed debt. The core assets, located in Raleigh and Charlotte, total 1.63 million square feet and are 95% leased. The investment aims to strengthen Highwoods' market position in high-growth areas, primarily funded by selling non-core assets. The deal is set to close in Q3 2021 and is expected to be cash flow accretive, neutral to current FFO, and improve balance sheet metrics by mid-2022.