Highwoods Pptys Inc Stock Price, News & Analysis

Highwoods Properties (NYSE:HIW) has released its 2024 Corporate Resiliency Report, showcasing the company's dedication to maintaining a resilient and high-quality office portfolio designed to perform across various economic conditions. The report is now accessible through the investors section of Highwoods' website at www.highwoods.com.

Highwoods Properties (NYSE:HIW) announced the release of its first quarter 2025 financial results. The company has made the quarterly report available through their corporate website at www.highwoods.com, specifically in the investors section. Stakeholders can access the detailed results by visiting the website directly or following the provided link: "HIW Reports First Quarter 2025 Results".

As this is a brief availability announcement, specific financial metrics, performance indicators, and comparative analyses are accessible through the full report on the company's website. This release serves as a notification to investors and market participants about where to find the complete Q1 2025 financial information for the Raleigh-based real estate company.

Highwoods Properties (NYSE:HIW) has announced its quarterly dividend declarations. The company's Board of Directors has declared a cash dividend of $0.50 per share of common stock for Q1 2025, equivalent to an annualized dividend of $2.00 per share. The common stock dividend will be paid on June 10, 2025 to shareholders of record as of May 19, 2025.

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 June 2, 2025 to holders of record as of May 15, 2025.

Highwoods Properties (NYSE:HIW) has scheduled the release of its first quarter 2025 financial results on Tuesday, April 29th, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, April 30th, 2025, at 11:00 A.M. Eastern time.

Investors can access the call through multiple channels: US/Canada callers can dial (833) 470-1428, while international participants should use (404) 975-4839, both using access code 704807. Additionally, a live, listen-only webcast will be available on the company's website at www.highwoods.com under the 'Investors' section.

Highwoods Properties (NYSE:HIW) has completed the acquisition of Advance Auto Parts Tower in Raleigh's North Hills Best Business District for $138 million. The property is a 346,000 square foot, 20-story, LEED-gold certified, Class AA office tower that was delivered in 2020.

The building was 100% leased as of December 31, 2024, with a weighted average lease term of 8.2 years. The tower is adjacent to Highwoods-owned CAPTRUST Tower, which was 98.4% leased with a 6.3-year weighted average lease term.

The newly acquired property is projected to generate $11.0 million in cash net operating income and $11.9 million in GAAP net operating income during the first four quarters post-closing.

Highwoods Properties (NYSE:HIW) has agreed to acquire Advance Auto Parts Tower, a 20-story Class AA office tower in Raleigh's North Hills Best Business District (BBD). The 346,000 square foot, LEED-gold certified building is currently 100% leased with an average lease term of 8.2 years.

The tower, delivered in 2020, is adjacent to Highwoods-owned CAPTRUST Tower, a 16-story, 300,000 square foot building that was 98.4% leased with a 6.3-year average lease term as of December 31, 2024. The acquisition will be funded using proceeds from recent non-core asset sales in Tampa, maintaining a leverage-neutral position.

The transaction is expected to close within 30 days, with Highwoods placing $20.0 million in non-refundable earnest money deposits. The company expects the capital rotation to be neutral to near-term FFO while being immediately accretive to cash flows and improving portfolio quality.

Highwoods Properties (NYSE:HIW) has announced its fourth quarter and full year 2024 results. Investors can access the full report through the company's website. The results cover a comprehensive overview of financial performance, including earnings, revenue, and other key metrics for the specified periods.

Highwoods Properties (NYSE:HIW) has announced several key transactions in Q4 2024 and early 2025. The company completed the sale of non-core properties in Raleigh and Tampa for $166.4 million, including one office building in North Raleigh (170,000 sq ft) and three buildings in Tampa's Westshore submarket (616,000 sq ft). These properties were 88% occupied with projected 2025 GAAP net operating income of $13.6 million.

Additionally, HIW acquired fee simple title to the land underneath its Century Center assets for $50.6 million. The Century Center is a 12-building office park in Atlanta's Chamblee/N. Druid Hills submarket, spanning 1.7 million square feet with 13 acres of developable land.

The company also raised $51.3 million through the sale of 1.59 million shares of common stock at an average price of $32.71 per share in Q4 2024.

Highwoods Properties (NYSE:HIW) has announced its Board of Directors' declaration of quarterly dividends. The company will pay a cash dividend of $0.50 per share of common stock for Q4 2024, equivalent to an annualized dividend of $2.00 per share. The payment is scheduled for March 11, 2025, with a record date of February 18, 2025.

Additionally, holders of the company's 8 5/8% Series A Cumulative Redeemable Preferred Stock will receive a cash dividend of $21.5625 per share, payable on February 28, 2025, to shareholders of record as of February 18, 2025.