A Sun Belt focused portfolio and disciplined capital-recycling strategy bode well for Highwoods (HIW). However, competition from peers and high interest rates add to its woes.
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Highwoods Properties is an office REIT operating in the southern US, focusing on high-quality workplaces in valuable business districts. The company has a simple balance sheet with assets mainly from owned buildings and liabilities from mortgages, offering a sensible price/book value ratio. Despite potential risks from economic conditions and work-from-home trends, Highwoods Properties shows steady rental revenue growth, strong earnings estimates, and a high dividend yield, making it a good long-term investment option.
Highwoods (HIW) is poised to benefit from its Sun Belt focused portfolio, disciplined capital-recycling program and healthy balance sheet position despite competition from peers and high interest rates.
Highwoods Properties (HIW) reported earnings 30 days ago. What's next for the stock?