Highwoods' $223M move to acquire 6Hundred at Legacy Union boosts its Charlotte footprint and adds long-term cash-flow upside.
HIW's push into high-growth Sun Belt markets, fresh Charlotte acquisition and steady leasing momentum highlight its expansion story.
Highwoods Properties is a leading office REIT with a strong portfolio, resilient fundamentals, and a focus on high-quality business districts. HIW offers a ~6.76% dividend yield, supported by solid FCF and prudent payout management, despite industry headwinds from remote work and falling occupancy rates. The company benefits from a robust development pipeline, strategic asset recycling, and no major debt maturities until 2027, positioning it well for future growth.
| Office REITs Industry | Real Estate Sector | Theodore J. Klinck CEO | XFRA Exchange | US4312841087 ISIN |
| US Country | 350 Employees | 17 Nov 2025 Last Dividend | - Last Split | 7 Jun 1994 IPO Date |
Highwoods Properties, Inc. stands as a prime example of a fully-integrated office real estate investment trust (REIT) that is publicly traded on the New York Stock Exchange (NYSE) under the symbol HIW. With its headquarters based in Raleigh, the company focuses on owning, developing, acquiring, leasing, and managing office properties. What sets Highwoods apart is its strategic focus on the Best Business Districts (BBDs) across several key markets in the United States, including Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. Highwoods takes pride in its role in the work-placemaking business, aiming to create environments that foster collaboration and innovation, thereby delivering greater value not only to its customers and their teams but also to its stakeholders.
At the core of its operations, Highwoods owns a diverse portfolio of office properties situated in the most dynamic and economically robust Best Business Districts (BBDs). These properties attract a wide range of high-caliber tenants seeking premium office spaces that support their growth and operational needs.
Highwoods engages in the development and acquisition of office properties, continuously expanding and enhancing its holdings. By carefully selecting and developing properties in strategic locations, the company ensures its portfolio remains attractive and competitive in the high-demand areas of its selected BBDs.
With an experienced leasing team, Highwoods provides comprehensive leasing services to ensure that both existing and prospective tenants find the right office solutions to fit their business requirements. This includes tailor-made spaces that cater to a variety of industry needs, facilitating an environment that encourages productivity and innovation.
Highwoods excels in managing its office properties through a hands-on approach that emphasizes tenant satisfaction and operational excellence. The company's property management strategies focus on maintaining high-quality facilities and providing responsive services, ensuring that tenants have a seamless experience.