RALEIGH, N.C., July 22, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended June 30, 2026, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on September 9, 2026 to all holders of record as of August 17, 2026.
The Board also declared a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on August 31, 2026 which is the next regularly scheduled dividend payment date, to all holders of record as of August 17, 2026.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact: Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
Bessemer Group Inc. raised its stake in Highwoods Properties, Inc. (NYSE:HIW – Free Report) by 42.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,980 shares of the real estate investment trust’s stock after purchasing an additional 65,389 shares during the period. Bessemer Group Inc. owned 0.20% of Highwoods Properties worth $4,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in HIW. Caitong International Asset Management Co. Ltd increased its position in Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Highwoods Properties by 0.5% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock worth $3,048,000 after acquiring an additional 489 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Highwoods Properties by 3.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,896 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 572 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Highwoods Properties by 3.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 22,218 shares of the real estate investment trust’s stock valued at $574,000 after acquiring an additional 720 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Highwoods Properties by 33.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,159 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 797 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.
Highwoods Properties Trading Down 1.0% HIW stock opened at $32.98 on Tuesday. The company’s 50-day simple moving average is $28.95 and its 200-day simple moving average is $25.69. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $33.88. The firm has a market cap of $3.64 billion, a P/E ratio of 39.26 and a beta of 1.07.
Highwoods Properties (NYSE:HIW – Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The firm had revenue of $214.03 million for the quarter, compared to analyst estimates of $209.06 million. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. As a group, equities analysts forecast that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.
Highwoods Properties declared that its board has authorized a stock repurchase plan on Wednesday, April 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Highwoods Properties Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Monday, May 18th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.1%. Highwoods Properties’s dividend payout ratio is currently 238.10%.
Analyst Ratings Changes A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $28.00 target price on shares of Highwoods Properties in a research report on Thursday, May 14th. Wells Fargo & Company raised their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Truist Financial lifted their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Highwoods Properties has a consensus rating of “Hold” and an average target price of $28.11.
View Our Latest Stock Analysis on HIW
Highwoods Properties Company Profile (Free Report)
Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.
Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.
Read More Five stocks we like better than Highwoods Properties The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBessemer Group Inc. Sells 69,600 Shares of Revolution Medicines, Inc. $RVMD
NEXT HEADLINE »Bessemer Group Inc. Grows Stake in iShares Preferred and Income Securities ETF $PFF
RALEIGH, N.C., June 16, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2026 results on Tuesday, July 28th, after the market closes.
A conference call will be held the next day, Wednesday, July 29th, at 11:00 A.M. Eastern time.
For US/Canada callers, dial (800) 715-9871 and enter conference ID 4441285. International callers should dial (646) 307-1963 and enter the same conference ID. A live, listen-only webcast can be accessed on the Company’s website at www.highwoods.com through the “Highwoods Properties Q2 2026 Earnings Call” link under the “Investors” section. A replay of the call will also be available on the Company’s website.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact:
Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
Massachusetts Financial Services Co. MA lowered its position in Highwoods Properties, Inc. (NYSE:HIW – Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,513,298 shares of the real estate investment trust’s stock after selling 789,452 shares during the period. Massachusetts Financial Services Co. MA owned 5.02% of Highwoods Properties worth $142,353,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of HIW. Royal Bank of Canada raised its stake in shares of Highwoods Properties by 12.7% in the first quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock worth $5,275,000 after purchasing an additional 19,998 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Highwoods Properties by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock worth $24,383,000 after purchasing an additional 110,489 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Highwoods Properties by 10.4% in the first quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 1,248 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Highwoods Properties by 9.4% in the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock worth $555,000 after purchasing an additional 1,534 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several analysts have recently commented on the company. Citigroup lowered their price objective on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Truist Financial lowered their price objective on Highwoods Properties from $29.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. Robert W. Baird set a $29.00 price objective on Highwoods Properties in a research note on Wednesday, February 25th. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.67.
Read Our Latest Report on HIW
Highwoods Properties Stock Performance Shares of HIW opened at $22.46 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 15.38 and a beta of 1.05. The stock has a 50 day moving average of $22.63 and a 200 day moving average of $26.06. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $32.76.
Highwoods Properties (NYSE:HIW – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). The business had revenue of $203.36 million for the quarter, compared to analysts’ expectations of $208.08 million. Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 136.99%.
About Highwoods Properties (Free Report)
Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.
Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.
Further Reading Five stocks we like better than Highwoods Properties Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW – Free Report).
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEPDD Holdings Inc. Sponsored ADR $PDD Position Boosted by Massachusetts Financial Services Co. MA
NEXT HEADLINE »Massachusetts Financial Services Co. MA Sells 269,789 Shares of VICI Properties Inc. $VICI
B&I Capital AG lessened its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW – Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,820 shares of the real estate investment trust’s stock after selling 22,100 shares during the period. Highwoods Properties comprises approximately 1.8% of B&I Capital AG’s investment portfolio, making the stock its 22nd biggest position. B&I Capital AG owned 0.17% of Highwoods Properties worth $4,927,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the period. Samalin Investment Counsel LLC boosted its holdings in shares of Highwoods Properties by 5.0% in the third quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 435 shares during the period. Arizona State Retirement System boosted its holdings in shares of Highwoods Properties by 1.4% in the third quarter. Arizona State Retirement System now owns 31,902 shares of the real estate investment trust’s stock valued at $1,015,000 after purchasing an additional 443 shares during the period. Amalgamated Bank boosted its holdings in shares of Highwoods Properties by 1.4% in the third quarter. Amalgamated Bank now owns 32,927 shares of the real estate investment trust’s stock valued at $1,048,000 after purchasing an additional 467 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Highwoods Properties by 0.5% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock valued at $3,048,000 after purchasing an additional 489 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.
Analysts Set New Price Targets HIW has been the subject of a number of recent research reports. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Morgan Stanley raised shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $24.00 to $23.00 in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $27.00 price objective on shares of Highwoods Properties in a research note on Thursday, February 19th. Citigroup reduced their price objective on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Mizuho reduced their price objective on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $27.67.
Check Out Our Latest Analysis on HIW
Highwoods Properties Stock Performance Shares of HIW stock opened at $23.19 on Thursday. The business’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $25.92. The company has a market cap of $2.56 billion, a PE ratio of 15.88 and a beta of 1.05. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $32.76.
Highwoods Properties (NYSE:HIW – Get Free Report) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The firm had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. During the same period in the previous year, the company earned $0.85 earnings per share. Highwoods Properties’s revenue was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.
Highwoods Properties Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 136.99%.
About Highwoods Properties (Free Report)
Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.
Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.
Read More Five stocks we like better than Highwoods Properties Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW – Free Report).
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBCS Wealth Management Has $1.61 Million Stake in Walmart Inc. $WMT
NEXT HEADLINE »Austin Wealth Management LLC Buys 17,170 Shares of Avantis Emerging Markets Value ETF $AVES
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Highwoods Properties (HIW - Free Report) Raleigh, NC-based Highwoods Properties, Inc. is an office real estate investment trust (REIT) that owns, develops, acquires, leases and manages office properties. Its core portfolio consists of properties in the best business districts (BBDs) within its footprint of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
HIW is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. HIW has a Momentum Style Score of B, and shares are up 7% over the past four weeks.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $3.55 per share. HIW boasts an average earnings surprise of +3.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, HIW should be on investors' short list.
RALEIGH, N.C., April 22, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended March 31, 2026, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on June 9, 2026 to all holders of record as of May 18, 2026.
The Board also declared a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on June 1, 2026 which is the next regularly scheduled dividend payment date, to all holders of record as of May 15, 2026.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact:Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
April 22, 2026 16:20 ET | Source: Highwoods Properties, Inc.
RALEIGH, N.C., April 22, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that the Company’s Board of Directors has authorized the repurchase of up to $250 million of outstanding shares of common stock under a new stock repurchase program. The Company anticipates funding any stock repurchases on a leverage-neutral basis using the net proceeds from the sale of non-core assets.
The Company may purchase shares of common stock from time to time in amounts and at prices determined by the Company in its discretion. Shares of common stock may be repurchased in the open market or in privately negotiated transactions (which may include block trades). The common stock repurchase program does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares and may be suspended, modified or discontinued at any time without prior notice.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Forward-Looking Statements
Some of the information in this press release may contain forward-looking statements. Such statements include, in particular, statements about the common stock repurchase program and our plans, strategies and prospects such as the following: the expected financial and operational results and the related assumptions underlying our expected results; the planned sales of non-core assets and expected pricing and impact with respect to such sales, including the tax impact of such sales; the anticipated total investment, projected leasing activity, estimated replacement cost and expected net operating income of acquired properties and properties to be developed; and expected future leverage of the Company. You can identify forward-looking statements by our use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue” or other similar words. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that our plans, intentions or expectations will be achieved.
Factors that could cause our actual results to differ materially from Highwoods’ current expectations include, among others, the following: the financial condition of our customers could deteriorate; our assumptions regarding potential losses related to customer financial difficulties could prove incorrect; counterparties under our debt instruments, particularly our revolving credit facility, may attempt to avoid their obligations thereunder, which, if successful, would reduce our available liquidity; we may not be able to lease or re-lease second generation space, defined as previously occupied space that becomes available for lease, quickly or on as favorable terms as old leases; we may not be able to lease newly constructed buildings as quickly or on as favorable terms as originally anticipated; we may not be able to complete development, acquisition, reinvestment, disposition or joint venture projects as quickly or on as favorable terms as anticipated; development activity in our existing markets could result in an excessive supply relative to customer demand; our markets may suffer declines in economic and/or office employment growth; increases in interest rates could increase our debt service costs; increases in operating expenses could negatively impact our operating results; natural disasters and climate change could have an adverse impact on our cash flow and operating results; we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or repay or refinance outstanding debt upon maturity; and the Company could lose key executive officers.
This list of risks and uncertainties, however, is not intended to be exhaustive. You should also review the other cautionary statements we make in “Risk Factors” set forth in our 2025 Annual Report on Form 10-K. Given these uncertainties, you should not place undue reliance on forward-looking statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements to reflect any future events or circumstances or to reflect the occurrence of unanticipated events.
Contact:Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
RALEIGH, N.C., April 28, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its first quarter 2026 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link:
HIW Reports First Quarter 2026 Results
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact:Brendan Maiorana Executive Vice President and Chief Financial Officer [email protected] 919-872-4924
Highwoods Properties (HIW - Free Report) came out with quarterly funds from operations (FFO) of $0.84 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.83 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +0.14%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.84 per share when it actually produced FFO of $0.9, delivering a surprise of +7.14%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Highwoods Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $214.03 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $200.38 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Highwoods Properties shares have lost about 6.7% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Highwoods Properties?While Highwoods Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Highwoods Properties was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.89 on $208.66 million in revenues for the coming quarter and $3.55 on $843.21 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Terreno Realty (TRNO - Free Report) , has yet to report results for the quarter ended March 2026.
This industrial real estate company is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of +8.1%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.
Terreno Realty's revenues are expected to be $121.1 million, up 9.7% from the year-ago quarter.
Key Takeaways HIW Q1 2026 FFO was $0.84, up from $0.83, as revenues climbed 6.8% to $214.0M.HIW signed 958k sq ft of second-gen leases; GAAP rent growth was 19.4% and cash rent growth 4.8%.HIW pipeline is $271.5M, 85% leased; board approved up to $250M buybacks from non-core sales. Highwoods Properties, Inc. (HIW - Free Report) reported first-quarter 2026 FFO of 84 cents per share, in line with the Zacks Consensus Estimate, and up 1.2% from 83 cents a year ago. Rental and other revenues rose 6.8% year over year to $214.0 million and beat the consensus mark of $208.0 million by 2.9%.
Results reflected solid leasing execution, with 958,000 square feet of second-generation leases signed in the quarter and GAAP rent growth of 19.4% on those deals.
Highwoods Shows Strong Leasing EconomicsHighwoods ended the quarter with average in-place cash rents 2.2% higher per square foot year over year, underscoring continued pricing power in its BBDs. The company also achieved net effective rents that were 8.8% higher than its prior five-quarter average, pointing to improved deal economics.
Second-generation leasing of 958,000 square feet included 307,000 square feet of new leases, and the dollar-weighted average lease term was 7.5 years. Cash rent growth on second-generation deals was 4.8%, providing a tangible lift to future cash flows as leases roll.
HIW's Occupancy Holds, Same-Property Cash NOI SlipsAt quarter-end, HIW’s in-service occupancy stood at 85%, while the in-service leased rate was 89.7%. Management noted the leased rate improved by 60 basis points during the quarter for in-service properties owned as of both Dec. 31, 2025 and March 31, 2026, supporting its view that occupancy should trend higher.
Same-property cash NOI declined 0.6% year over year, with cash NOI of $128.5 million versus $129.2 million in the prior-year period. Same-property performance remained pressured by operating expense growth.
Highwoods Builds Pipeline While Recycling AssetsDevelopment remained a key focus. The company placed $202.7 million of development (at HIW share) into service, including GlenLake Two Retail and GlenLake Three in Raleigh and Granite Park Six in Dallas. Those placed-in-service projects were 87.4% leased and 55.8% occupied at quarter-end.
The current development pipeline (at HIW share) stood at $271.5 million and was 85% leased, with only $40.0 million remaining to fund. Highwoods also signed 107,000 square feet of first-generation leases, reinforcing the pre-leasing cadence across its active projects.
On the capital recycling front, Highwoods acquired The Terraces in Dallas and Bloc83 in Raleigh through joint ventures and sold a 357,000-square-foot non-core Richmond portfolio for $42.3 million. These actions, alongside management’s commentary about improving portfolio quality, were positioned to strengthen long-term cash flow growth.
HIW's Leverage Stays ElevatedBalance sheet leverage remained notable, with net debt-to-Adjusted EBITDAre of 6.72X at quarter-end. The company reported total available liquidity of more than $650 million, and subsequent to quarter-end, its board authorized up to $250 million of common stock repurchases on a leverage-neutral basis using proceeds from non-core asset sales.
Highwoods also disclosed a secured loan for up to $100 million at its Granite Park Six joint venture, with $85.3 million drawn, adding another funding source as it advances leasing and development plans.
Highwoods Maintains 2026 OutlookHighwoods maintained its 2026 FFO outlook of $3.40 to $3.68 per share. The Zacks Consensus Estimate is currently pegged at $3.55 and lies within this range.
The outlook assumes same-property cash NOI growth between -1% and +1% and year-end occupancy of 86.5% to 88.5%, along with $40 million to $42 million of G&A expense and $40 million to $50 million of non-cash revenue.
HIW's Zacks RankHighwoods currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Office REITsBXP, Inc. (BXP - Free Report) reported first-quarter 2026 FFO of $1.59 per share, edging past the Zacks Consensus Estimate of $1.58. Still, FFO per share slipped 3.1% from $1.64 a year ago. BXP’s quarterly results reflected healthy leasing activity and higher occupancy. Operating execution stood out as the office REIT completed more than 1.1 million square feet of leasing during the quarter. BXP also raised its guidance for 2026 FFO per share.
BXP’s lease revenues were $818.16 million, up marginally year over year and ahead of the consensus mark by 2.1%. Total revenues increased marginally from the prior-year quarter to $872.1 million.
SL Green Realty Corp. (SLG - Free Report) delivered first-quarter 2026 FFO per share of 84 cents, down 40% from $1.40 in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $1.06, translating into a negative surprise of 20.8%. Net rental revenues came in at $166 million, up 14.9% year over year and ahead of the Zacks Consensus Estimate of $163 million. The revenue beat, a 1.8% surprise, arrived alongside record first-quarter leasing volume across SLG’s Manhattan office portfolio.
While leasing activity strengthened, SL Green’s first-quarter 2026 FFO per share performance was weighed down by items embedded in FFO and a tougher year-ago comparison. The latest reported quarter included 6 cents per share of unamortized deferred financing costs and 3 cents per share of positive non-cash fair value adjustments on mark-to-market derivatives. The year-ago quarter included 33 cents per share of income tied to the resolution of a commercial mortgage investment. Nevertheless, SL Green reaffirmed its 2026 guidance.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
The Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) concentrates in roughly 30 small and mid-cap REITs that pass a high-yield screen. KBWY currently distributes a 7.6% SEC 30-day yield with a 0.35% expense ratio, and the question for holders is whether that distribution rests on real cash flow or on payouts that key holdings cannot sustain. KBWY’s overall income stream is intact, but at least one well-known holding pays out more than it earns in cash flow.
How the fund pays you KBWY tracks the KBW Nasdaq Premium Yield Equity REIT Index, which screens for smaller REITs offering above-average yields and weights them by yield rather than market cap. Distributions are paid quarterly from the dividends the underlying REITs pay to the fund. There is no options overlay, no leverage, no return-of-capital engineering. KBWY’s distribution is exactly as safe as the weighted average payout of its components, which is why the top yield contributors deserve scrutiny.
Where the cushion has gone: IIPR Innovative Industrial Properties (NYSE:IIPR) is the clearest pressure point. The cannabis REIT is holding its dividend at $1.90 per quarter for four consecutive quarters even as Q1 2026 revenue fell 4% year over year on tenant defaults and AFFO slipped to $1.88 per share from $1.94. The AFFO payout ratio sits near 101%, meaning the company distributes slightly more than it earns in cash flow. With $291.2 million of unsecured notes maturing this month and tenant concentration of 67% in the top 10, the dividend has zero margin for another bad tenant headline. $7.60 April 2026 reclassification of medical cannabis to Schedule III up roughly 16% year to date
CHCT’s headline masks thinning core Community Healthcare Trust (NYSE:CHCT) just raised its dividend, with the May 2026 payment of $0.48 extending a streak of $0.0025 quarterly bumps. The Q4 EPS beat of $0.51 versus $0.11 expected looked strong until $12.3 million of property disposition gains drove it. Core FFO per share was $0.49, barely above the dividend. 77 leases representing 9% of rent expire in 2026 43% from 40%
The healthier side: GOOD and the office wildcard Gladstone Commercial (NASDAQ:GOOD) is the cleanest holding. FY2025 Core FFO of $1.40 per share grew 9% comfortably covers the $1.20 annualized monthly dividend. Occupancy of 99% and a deliberate pivot toward industrial concentration explain the resilience. 100% rent collection in 2025 70% industrial concentration 9% weighted cap rates 24% year-to-date gain
Highwoods Properties is the office wildcard, but the dividend story has been quieter than the sector narrative suggests. HIW has paid a flat $0.50 quarterly dividend since Q2 2021, with no cut. Shares are down 10% over one year and 21% over five, and the forward P/E of 68 signals earnings pressure ahead, but the payout itself has been steady.
Total return reality and the verdict KBWY itself is up 17% over the past year but only 9% over five years and 7% over ten on a price basis. Income has done the heavy lifting. By comparison, an industrial REIT peer yields a more modest 3.9% but has returned 183% over ten years with FFO comfortably covering its monthly payout. That tradeoff matters for investors weighing REIT income against holding-specific risk. KBWY’s distribution is durable because GOOD-style winners offset the IIPR strain. Holders should not be surprised if IIPR cuts within twelve months and the index quietly reweights around it.
RALEIGH, N.C., May 11, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has published its 2025 Corporate Resiliency Report, which highlights the Company’s ongoing commitment to owning and operating a resilient, high-quality office portfolio that thrives in all economic cycles.
To view the report, please visit the investors section of our website at www.highwoods.com or click on the following link:
Highwoods 2025 Corporate Resiliency Report
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact:
Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
RALEIGH, N.C., May 12, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold Bridgestone Tower, a 513,000 square foot office tower in CBD Nashville, for $255 million. This property is 100% leased and is projected to generate approximately $17 million of annual cash and GAAP net operating income in 2026.
The Company expects to record a non-FFO gain of approximately $75 million in the second quarter of 2026 in connection with this sale.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Forward-Looking Statements
Some of the information in this press release may contain forward-looking statements. Such statements include, in particular, statements about the common stock repurchase program and our plans, strategies and prospects such as the following: the expected financial and operational results and the related assumptions underlying our expected results; the planned sales of non-core assets and expected pricing and impact with respect to such sales, including the tax impact of such sales; the anticipated total investment, projected leasing activity, estimated replacement cost and expected net operating income of acquired properties and properties to be developed; and expected future leverage of the Company. You can identify forward-looking statements by our use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue” or other similar words. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that our plans, intentions or expectations will be achieved.
Factors that could cause our actual results to differ materially from Highwoods’ current expectations include, among others, the following: the financial condition of our customers could deteriorate; our assumptions regarding potential losses related to customer financial difficulties could prove incorrect; counterparties under our debt instruments, particularly our revolving credit facility, may attempt to avoid their obligations thereunder, which, if successful, would reduce our available liquidity; we may not be able to lease or re-lease second generation space, defined as previously occupied space that becomes available for lease, quickly or on as favorable terms as old leases; we may not be able to lease newly constructed buildings as quickly or on as favorable terms as originally anticipated; we may not be able to complete development, acquisition, reinvestment, disposition or joint venture projects as quickly or on as favorable terms as anticipated; development activity in our existing markets could result in an excessive supply relative to customer demand; our markets may suffer declines in economic and/or office employment growth; increases in interest rates could increase our debt service costs; increases in operating expenses could negatively impact our operating results; natural disasters and climate change could have an adverse impact on our cash flow and operating results; we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or repay or refinance outstanding debt upon maturity; and the Company could lose key executive officers.
This list of risks and uncertainties, however, is not intended to be exhaustive. You should also review the other cautionary statements we make in “Risk Factors” set forth in our 2025 Annual Report on Form 10-K. Given these uncertainties, you should not place undue reliance on forward-looking statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements to reflect any future events or circumstances or to reflect the occurrence of unanticipated events.
Contact: Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected]
919-872-4924
Highwoods Properties earns a 'Hold' rating due to mixed growth signals, despite beating Q1 estimates and offering a 7%+ dividend yield. HIW's Sunbelt focus, recent investments, and high occupancy outlook support potential upside, but unsteady revenue and declining EBITDA margins temper enthusiasm. Dividend coverage is strong with a 1.68x AFFO payout, yet five-year dividend growth remains flat, limiting its appeal beyond yield-focused investors.
RALEIGH, N.C., June 04, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of a $150 million unsecured bank term loan by extending the maturity date from May 2027 to June 2031, inclusive of two one-year extension options that are exercisable at the Company’s option assuming no defaults have occurred.
The interest rate is now SOFR plus 90 basis points on our newly extended $150 million term loan, SOFR plus 95 basis points on our $200 million term loan and SOFR plus 85 basis points on our $750 million unsecured revolving credit facility. In each case, the interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions.
BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, T.D. Bank, N.A., Truist Securities, Inc., U.S. Bank National Association and JPMorgan Chase Bank, N.A. served as Joint Lead Arrangers on the newly extended term loan, with BofA Securities, Inc., Wells Fargo Securities, LLC and PNC Capital Markets LLC serving as Joint Bookrunners. Bank of America, N.A. is Administrative Agent and Wells Fargo Bank, National Association and PNC Bank, National Association are Co-Syndication Agents. TD Bank, N.A., Truist Bank, U.S. Bank National Association and JPMorgan Chase Bank, N.A. served as Co-Documentation Agents. First Citizens Bank served as Senior Managing Agent. Other lenders include First Horizon Bank and Associated Bank, National Association.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.
Contact:Brendan Maiorana Executive Vice President and Chief Financial Officer [email protected] 919-872-4924
