Highwoods (HIW) Disposes Non-Core Assets Worth $79.4 Million [Yahoo! Finance]
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: Yahoo! Finance
The move comes as part of the company's disciplined capital-recycling strategy that entails disposing of non-core assets and redeploying the proceeds in premium asset acquisitions and accretive development projects, and debt repayment. Particularly, HIW sold eight office buildings aggregating 338,000 square feet in the west Raleigh submarket, across from Rex Hospital and one office building that was 97,000 square feet next to the Research Triangle Park. With $16.9 million of non-core asset sales being closed in the first quarter of 2024, the remaining sales are expected to close early in the second quarter of 2024. Highwoods utilized the resultant cash proceeds from the dispositions to pay the outstanding balance under its revolving credit facility and for general corporate purposes. In addition, the company provided $6.2 million in non-recourse first mortgage seller financing in association with the sale of one building. The note can be prepaid at any time before its planned
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HIW
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