Highwoods Properties

HIW

Market cap $2.95B

HIW boosts its portfolio with JV acquisitions in Raleigh and Dallas, targeting accretive cash flow while recycling capital from non-core asset sales.

_____________________________________ Acquires Bloc83 in CBD Raleigh in Joint Venture with the North Carolina Investment Authority $21.0M Total Investment (at HIW 10% Share) 492,000 Square Feet, 97% Leased _____________________________________ Acquires The Terraces in Preston Center BBD in Dallas in Joint Venture with Granite Properties $87.4M Total Investment (at HIW 80% Share) 173,000 Square Feet, 98% Leased _____________________________________ Acquisitions to be Funded Primarily Through Sales of Non-Core Assets Expect Leverage-Neutral Rotation of Capital by Mid-2026 _________________________________________ Plan Expected to Strengthen Long-Term Growth Trajectory  Immediately Accretive to Cash Flows Neutral to Current FFO Run Rate; Accretive over Long-Term _________________________________________ RALEIGH, N.C., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has acquired Bloc83, a two-building, 492,000 square foot mixed-use asset in CBD Raleigh, in a joint venture with the North Carolina Investment Authority and The Terraces, a 173,000 square foot office building in the Preston Center BBD of Dallas, in a joint venture with Granite Properties.

Highwoods Properties is rated "Buy" for its compelling value at 8x P/FFO and a 7.3% well-covered dividend yield. HIW demonstrates operational momentum with strong leasing, rising net effective rents, and a 72% leased development pipeline supporting future NOI growth. Its focus on high-quality Sunbelt assets, diversified tenant base, and solid BBB-/Baa2 balance sheet underpins resilience amid office sector headwinds.

RALEIGH, N.C., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its fourth quarter 2025 results on Tuesday, February 10th, after the market closes.

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$223M Total Investment, Delivered in 2025 411,000 Square Feet, 84% Leased _________________________________________

Highwoods' $223M move to acquire 6Hundred at Legacy Union boosts its Charlotte footprint and adds long-term cash-flow upside.