Core Viewpoint - Highwoods Properties, Inc. has declared cash dividends for both its preferred and common stock, indicating a commitment to returning value to shareholders [1][3]. Group 1: Dividend Announcements - The Board of Directors declared a cash dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on September 3, 2024, to holders of record as of August 15, 2024 [1]. - A cash dividend of $0.50 per share for common stock was announced for the quarter ended June 30, 2024, which translates to an annualized dividend of $2.00 per share, payable on September 10, 2024, to holders of record as of August 19, 2024 [3]. Group 2: Company Overview - Highwoods Properties, Inc. is a publicly-traded fully-integrated office real estate investment trust (REIT) based in Raleigh, focusing on owning, developing, acquiring, leasing, and managing properties in prime business districts across several major cities [2]. - The company emphasizes creating environments that foster collaboration and innovation, aiming to deliver greater value to customers and stakeholders [2].

Core Viewpoint - Highwoods Properties (HIW) is well-positioned to benefit from increasing demand for its office properties in high-growth Sun Belt markets, supported by a disciplined capital-recycling program and a healthy balance sheet, although competition and high interest rates present challenges [1][4][6]. Group 1: Demand and Leasing Activity - Highwoods is experiencing a recovery in demand for its office properties, evidenced by a new leasing volume of 922,167 square feet in Q1 2024, which includes 422,889 square feet of new leases [2]. - The company is expected to benefit from favorable demographic trends and job growth in the Sun Belt markets, which will support long-term rent growth [6][13]. Group 2: Financial Position - Highwoods maintains a strong financial position with investment-grade ratings of BBB/Baa2 from S&P and Moody's, allowing access to debt markets at favorable rates [3]. - As of April 16, 2024, the company had approximately $17 million in available cash and $10 million drawn from its $750 million revolving credit facility, with no consolidated debt maturities until Q2 2026 [7]. Group 3: Challenges and Market Conditions - Elevated interest rates pose a concern for Highwoods, leading to high borrowing costs and affecting its ability to purchase or develop real estate, with a net debt of approximately $3.31 billion as of March 31, 2024 [4]. - The overall office demand in some markets may remain subdued in the near term, with increased development activities likely to create new supply, potentially straining occupancy levels, which management anticipates will average between 87-89% in 2024 [8]. Group 4: Stock Performance - Over the past three months, Highwoods' shares have increased by 22.0%, outperforming the industry's growth of 14.6% [15].

This Raleigh, NC-based office real estate investment trust (REIT) is well-positioned to benefit from the growing demand for its premier office properties concentrated in high-growth Sun Belt markets. Its disciplined capitalrecycling program and accretive development projects are other tailwinds. A healthy balance sheet position augurs well for long-term growth. Image Source: Zacks Investment Research Highwoods has a large part of its portfolio concentrated in high-growth Sun Belt markets, and the company is ...

RALEIGH, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2024 results on Tuesday, July 23rd, after the market closes. A conference call will be held the next day, Wednesday, July 24th, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 794414. International callers should dial (929) 526-1599 and enter the same passcode. A live, listen-only webcast can be accessed on the Company's website at www.highwoods. ...

A conference call will be held the next day, Wednesday, July 24th, at 11:00 A.M. Eastern time. About Highwoods Contact: Brendan Maiorana Executive Vice President and Chief Financial Officer brendan.maiorana@highwoods.com 919-872-4924 RALEIGH, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2024 results on Tuesday, July 23rd, after the market closes. For US/Canada callers, dial (833) 470-1428 and enter access code 794414. International callers sho ...

RALEIGH, N.C., May 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces Ted Klinck, President and Chief Executive Officer, will participate in a Company roundtable presentation during Nareit's REITweek: 2024 Investor Conference. The presentation will take place on Wednesday, June 5, 2023, at 9:30 a.m. ET, and will last approximately 30 minutes. The following is a link to the webcast presentation on the Company's website, a replay of which will be available an hour after the presentat ...

Shares of Highwoods Properties (HIW) have gained 11.1% in the year-to-date period against the industry's decline of 10.2%. The Raleigh, NC-based office real estate investment trust (REIT) is well-positioned to benefit from the growing demand for its premier office properties concentrated in high-growth Sun Belt markets. Its disciplined capital- recycling program and accretive development projects are other tailwinds. A healthy balance sheet position augurs well for long-term growth. The company, carrying a ...

A month has gone by since the last earnings report for Highwoods Properties (HIW) . Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Highwoods Properties due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Highwoods Q1 FFO Miss Estimates ...

Core Viewpoint - Highwoods Properties (HIW) is strategically positioned to capitalize on the increasing demand for its office properties in high-growth Sun Belt markets, supported by a disciplined capital-recycling program and a robust balance sheet, although it faces competition and high interest rates as potential challenges [1][8][10]. Group 1: Market Position and Demand - Highwoods has a significant portion of its portfolio in high-growth Sun Belt markets, which are expected to experience favorable demographic trends and above-average job growth, supporting long-term rent growth [2]. - The company is witnessing a recovery in demand for its office properties, as evidenced by a leasing volume of 922,167 square feet in the first quarter, including 422,889 square feet of new leases [3]. - The next cycle of office space demand is anticipated to be driven by inbound migration and investments from office occupiers in the Sun Belt regions, along with increased hiring plans, which will likely enhance leasing activity [4]. Group 2: Financial Strategy and Position - Highwoods employs a disciplined capital-recycling strategy, focusing on disposing of non-core assets and reinvesting in premium acquisitions and development projects to improve portfolio quality [5]. - The company maintains a healthy balance sheet with no consolidated debt maturities until the second quarter of 2026, holding approximately $17 million in cash and $10 million drawn from a $750 million revolving credit facility, along with investment-grade ratings from S&P and Moody's [6]. Group 3: Challenges and Risks - Highwoods faces intense competition from other developers and operators in the office property sector, which may hinder its ability to attract tenants at higher rents and affect leasing activity [8]. - The overall office demand in certain markets is expected to remain subdued in the near term, with increased development activities likely leading to new supply, which could strain occupancy levels [9]. - Elevated interest rates present a challenge, increasing borrowing costs and potentially making the company's dividend payout less attractive compared to fixed-income investments [10].

gawrav REITs have taken a beating over the past 12+ months. While it's easy to get caught up in a doom loop of negativity around this sector, it's worth considering that like everything else, this too should pass with time. Plus, it's good to go against the grain when it seems the majority of the market is chasing hot AI tech names to very high valuations. In the meantime, value and income investors get paid real cash for holding on to undervalued companies that own hard assets that produce durable cash flo ...