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) announced a $200 million secured loan from a life insurance company, carrying a fixed interest rate of 5.69%, secured by the Bank of America Tower in Uptown Charlotte. This five-year loan aims to strengthen the company’s balance sheet and enhance liquidity, according to CEO Ted Klinck. Proceeds from the loan are designated for reducing amounts on the revolving credit facility and for general corporate purposes. Highwoods, a member of the S&P MidCap 400 Index, focuses on owning, developing, and managing properties in key business districts across several major U.S. cities.
Highwoods Properties, Inc. (NYSE:HIW) has announced its fourth quarter and full year 2022 financial results. The company, a leading real estate investment trust, operates in key business districts across the Southeast and maintains a diversified portfolio. Despite the challenging economic environment, Highwoods continues to execute its strategic initiatives aimed at enhancing shareholder value. Investors are encouraged to review the complete financial report available on the company's official website to understand detailed revenue, expenses, and future outlook.
Highwoods Properties, Inc. (NYSE:HIW) declared a cash dividend of $0.50 per share for the quarter ended December 31, 2022, amounting to an annualized $2.00 per share. This dividend is payable on March 14, 2023, to shareholders on record as of February 21, 2023. Additionally, the Board approved a cash dividend of $21.5625 per share of its Series A Cumulative Redeemable Preferred Stock, payable on February 28, 2023, to holders of record as of February 15, 2023. Highwoods Properties, a publicly-traded REIT, operates primarily in major business districts across several cities.
Highwoods Properties, Inc. (NYSE:HIW) will announce its fourth quarter and full year 2022 results on February 7, 2023, after market close. A conference call will follow on February 8, 2023, at 11:00 A.M. Eastern Time. US/Canada callers can join at (800) 756-3565, with a live webcast available on the company's website. The company also released its financial release schedule for 2023, detailing quarterly announcements and corresponding conference calls. Highwoods is a real estate investment trust (REIT) focusing on properties in key business districts across multiple cities.
Highwoods Properties has acquired the McKinney & Olive, a 557,000 square foot trophy mixed-use asset in Uptown Dallas, in partnership with Granite Properties. The property, which is 99% leased and includes substantial below-market rent potential, was secured for a total investment of $394.7 million. The acquisition is expected to enhance Highwoods' presence in the Dallas market, offering significant net operating income growth potential, estimated at $22 million for 2023. The location is strategically situated near the upcoming 23Springs development.
Highwoods Properties, Inc. (NYSE:HIW) and The Bromley Companies announced a 50/50 joint venture to develop Midtown East in Tampa, involving an investment of approximately $83 million for a 134,000 square foot office and retail space. The project will include five office floors and ground-level retail within an 18-story, 432,000 square foot tower. Construction is set to start in Q1 2023, aiming for completion by Q1 2025 and stabilization by Q2 2026. Highwoods also holds an 80% stake in a previous successful venture in Midtown Tampa.
Highwoods Properties, Inc. (NYSE:HIW) announced its third quarter 2022 results, detailing financial performance and strategic developments. The company operates as a fully-integrated real estate investment trust, focusing on office properties in key business districts across major U.S. cities including Atlanta, Charlotte, and Dallas. For a comprehensive review of financial outcomes, visit www.highwoods.com.
Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending September 30, 2022, resulting in an annualized dividend of $2.00 per share. This dividend is set for distribution on December 13, 2022 to shareholders on record as of November 21, 2022.
Additionally, a cash dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock will be paid on November 30, 2022 to all holders of record by November 15, 2022.
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.