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) 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.
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.