Welcome to our dedicated page for Highwoods Pptys news (Ticker: HIW), a resource for investors and traders seeking the latest updates and insights on Highwoods Pptys stock.
Highwoods Properties, Inc. (NYSE: HIW) is a publicly traded, fully integrated office real estate investment trust headquartered in Raleigh, North Carolina. This news page aggregates company announcements, press releases and market updates related to Highwoods and its HIW stock, with a focus on the office and commercial real estate activities the company reports.
Highwoods regularly issues news about acquisitions, joint ventures and capital allocation decisions in its target business districts. Recent releases describe the acquisition of 6Hundred at Legacy Union, a Class AA office tower in Charlotte’s Uptown CBD; a joint venture acquisition of Bloc83, a mixed-use asset in Raleigh’s CBD; and a joint venture acquisition of The Terraces, an office building in Dallas’ Preston Center BBD. The company has also highlighted the purchase of the Legacy Union Parking Garage in Uptown Charlotte, which supports Highwoods-owned office space at Legacy Union.
In addition to property-level transactions, Highwoods publishes updates on corporate finance and capital structure, such as the pricing and completion of a public offering of 5.350% unsecured notes due 2033 through its operating partnership, and the recast of a $200 million unsecured bank term loan. The company also announces quarterly earnings release dates, conference calls and dividend declarations for its common and preferred stock.
Investors and followers of HIW can use this news feed to review Highwoods’ reported activity in markets like Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa, as well as its financing and dividend decisions. Bookmark this page to quickly access the latest company-issued information and historical press releases related to Highwoods Properties and its office-focused REIT platform.
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.
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.