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. reports recurring developments as a publicly traded, fully integrated office real estate investment trust. The company owns, develops, acquires, leases and manages office properties primarily in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
Company news commonly covers quarterly and full-year operating results, earnings call schedules, common stock and Series A preferred stock dividends, share repurchase authorization, and capital-structure updates tied to its office REIT platform.
Highwoods Properties (NYSE: HIW) will announce its 2020 second quarter results on July 28, following market close. A conference call is scheduled for July 29 at 11:00 A.M. Eastern time. Investors can participate by calling (800) 756-3565 or accessing a live webcast via the company’s website. As a real estate investment trust (REIT), Highwoods focuses on owning, developing, acquiring, and managing properties in major business districts such as Atlanta, Charlotte, and Nashville.
Highwoods Properties (NYSE: HIW) announced a significant 138,000 sq. ft. lease renewal with the FBI in Tampa, marking its largest lease expiration in 2020. The company collected 99% of its rental income for June, following similar results in April and May. Highwoods is granting temporary rent deferrals representing 1.2% of its annualized rental revenues. Additionally, it sold two non-core office properties in Memphis for $23.3 million, projected to generate $1.4 million in cash net operating income for 2020 and expects non-FFO gains of $9.6 million in Q3.
Highwoods Properties (NYSE: HIW) reported a strong rent collection amid the COVID-19 pandemic, achieving 99% for both April and May 2020. The company has sanctioned temporary rent deferrals amounting to just 1.2% of its annualized rental revenues. All properties remain operational, and there are currently no significant indications of expected losses for the second quarter. However, the company acknowledged potential risks tied to the pandemic's impact on its financial health, customer operations, and real estate market conditions.
Highwoods Properties, Inc. (NYSE: HIW) will have its CEO, Ted Klinck, participate in a roundtable presentation during Nareit’s REITweek: 2020 Virtual Investor Conference. This presentation is scheduled for June 3, 2020, at 10:45 a.m. ET and will last about 30 minutes. To attend, registration is required, and complimentary registration is available until June 1, 2020. Post-presentation, a replay will be accessible through Nareit's platform.
Highwoods is a publicly-traded real estate investment trust, focusing on properties in prime business districts across several major U.S. cities.
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