Highwoods Announces Recent Disposition Activity
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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US:NYSE Investor Relations:
highwoods.com/for-our-investors
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Source: GlobeNewswire
RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold in a series of transactions non-core properties in Raleigh for combined gross proceeds of $79.4 million. Gross proceeds from dispositions closed in the first quarter of 2024 totaled $16.9 million with the remainder closing early in the second quarter. The sold properties include eight office buildings encompassing 338,000 square feet across from Rex Hospital in the west Raleigh submarket and one office building encompassing 97,000 square feet adjacent to the Research Triangle Park. On a combined basis, these properties are 85% occupied and were projected to generate $6.0 million of GAAP and cash net operating income in 2024. As part of the sale of one building, the Company provided $6.2 million in non-recourse first mortgage seller financing. The note is scheduled to mature in February 2025, but can be prepaid without penalty at any time prior to maturity. The cash proceeds received
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News
- Highwoods Properties, Inc. (NYSE:HIW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties (HIW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Highwoods (HIW) Q1 FFO Miss Estimates, '24 View Revised [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties (HIW) Q1 FFO Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Highwoods Properties (HIW) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
HIW
Earnings
- 4/23/24 - Miss
HIW
Sec Filings
- 3/29/24 - Form ARS
- 3/29/24 - Form DEFA14A
- 3/29/24 - Form DEF
- HIW's page on the SEC website