Highwoods Pptys Inc Stock Price, News & Analysis

Highwoods Properties (NYSE:HIW) agreed to acquire 6Hundred at Legacy Union, a 24-story, Class AA office tower in Charlotte’s Uptown CBD, for a $223 million total expected investment. The 411,000-square-foot building delivered in 2025, is 84% leased with a weighted average lease term over 12 years, and includes 832 parking spaces and planned LEED Gold certification.

The investment includes $8.5 million of near-term improvements and is net of $15.7 million of seller rent credits. Highwoods projects stabilization with annual NOI $17.5M–$18.5M (GAAP and cash) and expects 2026 GAAP NOI of about $10M. Closing is expected within 30 days; funding will be leverage-neutral using proceeds from non-core asset sales.

Highwoods Properties (NYSE: HIW) priced a $350 million offering of unsecured notes due Jan. 15, 2033 at a coupon of 5.350% and a yield of 5.431%. The offering is expected to close on Nov. 14, 2025, subject to customary closing conditions.

The operating partnership intends to use net proceeds to repay outstanding debt (including amounts under its $750 million unsecured revolving credit facility), to fund property acquisitions and development activity, and for general corporate purposes. Multiple banks served as joint book-running managers.

Highwoods Properties (NYSE:HIW) announced the availability of its third quarter 2025 results on October 28, 2025. Investors are directed to the company's investor relations website to view the full release.

To access the report, visit the investor section at www.highwoods.com.

Highwoods Properties (NYSE:HIW) declared quarterly cash dividends for common and preferred shares on Oct 23, 2025.

The Board approved a $0.50 per-share common dividend for the quarter ended Sept 30, 2025, equivalent to an annualized $2.00 per share, payable on Dec 9, 2025 to holders of record on Nov 17, 2025. The Board also declared a cash dividend of $21.5625 per share on the company’s 8 5/8% Series A cumulative redeemable preferred stock, payable on Dec 1, 2025 to holders of record on Nov 17, 2025.

Highwoods Properties (NYSE:HIW) has scheduled its third quarter 2025 financial results release for Tuesday, October 28th, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, October 29th, at 11:00 A.M. Eastern time.

Investors can access the call via phone using the access code 078074 (US/Canada: (833) 470-1428, International: +1 (646) 844-6383) or through a live webcast available on the company's website. A replay will be available on Highwoods' website following the call.

Highwoods Properties (NYSE:HIW) has acquired the Legacy Union Parking Garage in Uptown Charlotte for $111.5 million, including planned improvements. The 3,057-space facility supports 1.2 million square feet of Highwoods-owned office space at Legacy Union, connecting to Bank of America Tower and 650 South Tryon via skybridge.

The garage is expected to generate $8.0 million in cash and GAAP net operating income in the first year post-closing. About 70% of annual revenue comes from Legacy Union office customers with a 9-year weighted average contractual term, while the remainder derives from transient and special events parking, particularly from the adjacent Bank of America Stadium.

Highwoods Properties (NYSE:HIW) has successfully recast its $200 million unsecured bank term loan, extending the maturity date from May 2026 to January 2029. The new term loan features a SOFR plus 95 basis points interest rate, with potential adjustments of ±2.5 basis points based on greenhouse gas emission reduction goals.

The loan includes a two-year extension option and was arranged by multiple financial institutions, with BofA Securities, Wells Fargo Securities, and PNC Capital Markets serving as Joint Bookrunners. Bank of America acts as Administrative Agent, while Wells Fargo and PNC Bank serve as Co-Syndication Agents.

Highwoods Properties (NYSE:HIW), a real estate investment trust, has announced the release of its second quarter 2025 financial results. The results are now available for viewing on the company's website at www.highwoods.com in the investors section.

Highwoods Properties (NYSE:HIW) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.50 per common share for Q2 2025, which represents an annualized dividend of $2.00 per share. The common stock dividend will be paid on September 9, 2025, to shareholders of record as of August 18, 2025.

Additionally, holders of the company's 8 5/8% Series A Cumulative Redeemable Preferred Stock will receive a dividend of $21.5625 per share, payable on September 2, 2025, to shareholders of record as of August 15, 2025.