Highwoods Properties Inc (Highwoods) is a real estate investment trust (REIT). It carries out the provision of acquiring, leasing, management, development, construction and other customer-related services for its properties and third parties. The company conducts its activities through Highwoods Realty Limited Partnership. It offers a range of real estate services to its customers. Highwoods also provides asset management, construction management, design and space planning, renovation and re-positioning services. The company manages offices in several locations including Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa. Highwoods is headquartered in Raleigh, North Carolina, the US.
Headquarters
United States of America
Address
Suite 1400, 150 Fayetteville Street, Raleigh, North Carolina, 27601
Website
www.highwoods.com
Telephone
1 866 4496637
No of Employees
345
Industry
Construction
Ticker Symbol & Exchange
HIW (NYSE)
Revenue (2022)
$828.9M
7.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-49.2%
(2022 vs 2021)
Market Cap*
$2.7B
Net Profit Margin (2022)
XYZ
-53.0%
(2022 vs 2021)
* As of and is in US$
Highwoods Properties Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Asset Management |
| Leasing, Development and Construction Services |
| Operation, Acquisition and Development of Rental Real Estate Properties |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, the company entered into a partnership with Invisible Urban Charging to supply electric vehicle chargers at one of its properties located in Atlanta, Georgia, the US. |
| 2022 | Contracts/Agreements | In December, the company and The Bromley Companies formed a 50/50 joint venture to construct Midtown East, a multi-customer office development project. |
| 2022 | Acquisitions/Mergers/Takeovers | In August, the company acquired 650 South Tryon at Legacy Union in CBD Charlotte for a total investment of $203 million. |
Competitor Comparison
| Key Parameters | Highwoods Properties Inc | Kite Realty Group Trust | Cousins Properties Incorporated | First Industrial Realty Trust Inc | Brandywine Realty Trust |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Raleigh | Indianapolis | Atlanta | Chicago | Philadelphia |
| State/Province | North Carolina | Indiana | Georgia | Illinois | Pennsylvania |
| No. of Employees | 345 | 236 | 286 | 157 | 328 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Carlos E Evans | Chairman | Executive Board | 2015 | 71 |
| Theodore J. Klinck | President; Director; Chief Executive Officer | Executive Board | 2019 | 57 |
| Brendan C. Maiorana | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 47 |
| Brian M. Leary | Chief Operating Officer; Executive Vice President | Senior Management | 2019 | 48 |
| Daniel L. Clemmens | Vice President; Chief Accounting Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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