HIW Highwoods Properties Inc.

Highwoods Reports No Notable Damage from Hurricane Milton

Highwoods Reports No Notable Damage from Hurricane Milton

RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustained any notable damage.

Ted Klinck, President and CEO, stated, “We are fortunate that all members of the Highwoods family in Orlando and Tampa are safe from this most recent storm. Our team once again did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers continue to be with all those who have been hit hard by both Hurricane Helene and Hurricane Milton and need support from our greater community.”

About Highwoods

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders. For more information about Highwoods, please visit our website at .

Contact:

Hannah True 

Manager of Finance and Corporate Strategy 



919-872-4924

 



EN
14/10/2024

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Reports on Highwoods Properties Inc.

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Highwoods Realty Limited Partnership: Update to credit analysis

Our credit view of this issuer reflects its high-quality portfolio. Leverage metrics remain weak, but strong leasing momentum will lead to improvement in the second half of 2026.

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