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 (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.
Preferred Apartment Communities (NYSE: APTS) announced the sale of a portfolio consisting of seven office properties and one real estate loan investment to Highwoods Properties (NYSE: HIW) for $717.5 million. This strategic sale aims to simplify PAC's business, focusing on its Class A suburban multifamily and grocery-anchored retail investments. Proceeds will be used for redeeming Series A preferred shares and reinvesting in core multifamily opportunities. The transaction, approved by PAC's Board, is expected to close in Q3 2021.
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.
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