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 (NYSE:HIW) has secured a $200 million unsecured bank term loan maturing in October 2024, with an option to extend. The loan will support working capital, development, acquisitions, and debt repayment. The interest rate is SOFR plus an adjustment of 10 basis points and a borrowing spread of 95 basis points, which can decrease if sustainability goals are met. CEO Ted Klinck emphasized the bank group's confidence, noting that Highwoods has now raised $550 million in term loans this year, enhancing its strategic objectives and financial flexibility.
Highwoods Properties, Inc. (NYSE:HIW) will announce its third quarter 2022 results on October 25, 2022, following the market's closure. A conference call to discuss these results is scheduled for October 26 at 11:00 A.M. Eastern Time. Interested parties can participate by dialing (800) 756-3565 for US/Canada callers or join via a live webcast on the company's website. Highwoods is a real estate investment trust that operates in major business districts across the Southeast and Mid-Atlantic regions.
Highwoods Properties (NYSE:HIW) announced that its properties in Florida, Georgia, North Carolina, and Tennessee sustained no significant damage following a recent hurricane. All utilities are operational, and properties reopened as scheduled. CEO Ted Klinck expressed gratitude for the safety of employees and the effective hurricane preparedness efforts. He extended thoughts to those affected by the storm, highlighting the company's commitment to community support.
On August 17, 2022, Highwoods Properties (NYSE:HIW) announced the acquisition of 650 South Tryon in Charlotte for $203 million. This investment includes $5.2 million in anticipated leasing capital expenditures and is net of $3.7 million in rent-related credits received at closing. The property, a LEED gold-certified office building, spans 367,000 square feet and is currently 79% leased. Located in the Uptown CBD submarket, it connects directly to Highwoods' Bank of America Tower.
Lincoln Harris and Goldman Sachs Asset Management have finalized the sale of a 367,000-square-foot building at 650 South Tryon in Charlotte to Highwoods Properties Inc. (NYSE: HIW). This marks the third sale within the Legacy Union project, which consists of over 1.5 million square feet of office space. The building is currently leased to major tenants like Deloitte and JLL. Highwoods Properties expands its footprint in Charlotte with this acquisition, following past successful transactions with Lincoln Harris and Goldman Sachs.
Highwoods Properties, Inc. (NYSE:HIW) announced a cash dividend of $0.50 per share for Q2 2022, equating to an annualized dividend of $2.00 per share. This dividend will be payable on September 13, 2022, to shareholders of record as of August 22, 2022.
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 August 31, 2022, to holders of record as of August 15, 2022.
Highwoods Properties, Inc. (NYSE:HIW) announced its second quarter 2022 results, reflecting ongoing performance in its office real estate investments. As a member of the S&P MidCap 400 Index, Highwoods maintains a fully-integrated approach in office leasing and management across key business districts including Atlanta, Charlotte, and Nashville. Investors can access detailed results through the company’s investor section on its website.
Highwoods Properties has formed a 50/50 joint venture with Granite Properties to enter the Dallas market, targeting two major developments: Granite Park Six and 23Springs. The total anticipated investment for both projects is approximately $660 million. Granite Park Six, located in the Frisco/Plano area, is set to have a 422,000 square-foot office space, while 23Springs in Uptown will feature 642,000 square feet of office and retail space. The company plans to fund this entry through the sale of its Pittsburgh assets, contributing to a strategic shift towards high-growth markets.
Highwoods Properties, Inc. (NYSE:HIW) will announce its second quarter 2022 results on July 26, after market close. A conference call to discuss these results is scheduled for July 27 at 11:00 A.M. Eastern time. Interested parties can listen via phone at (800) 756-3565 or through a live webcast on the company's website. Highwoods is a real estate investment trust (REIT) focused on owning, developing, and managing office properties in major business districts across several key cities including Atlanta and Nashville. For more information, visit www.highwoods.com.
Highwoods Properties, Inc. (NYSE:HIW) has successfully recast its $200 million unsecured bank term loan, extending its maturity from November 2022 to May 2026. Additionally, the company secured a $150 million delayed-draw term loan maturing in May 2027, expected to support working capital and development activities. The interest rate is SOFR plus a spread adjustment of 10 basis points and 95 basis points for the term loan. This restructuring enhances liquidity and financial flexibility, bolstering Highwoods' strategic objectives.
FAQ
What is the current stock price of Highwoods Pptys (HIW)?
What is the market cap of Highwoods Pptys (HIW)?
