Highwoods Properties, Inc. Overview
Pro stress-test →Highwoods Properties is a publicly traded fully integrated office 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. The company derives nearly all of its income in the form of rental revenue from the tenants of its buildings.
Strategic Profile
Pro stress-test →This REIT is laser-focused on the Sun Belt's Best Business Districts, a strategy that recently drove the $223 million acquisition of the 6Hundred at Legacy Union tower in Charlotte. Highwoods is rated "Buy" for its compelling value at 8x P/FFO and a 7.3% well-covered dividend yield.
Competitive Landscape
Pro stress-test →One of Highwoods' 11 competitors is Armada Hoffler Properties. The company competes with other office REITs focused on southeastern and midwestern markets, differentiating through its concentrated focus on premium best business districts and work-placemaking strategy.
Industry Context
Highwoods Properties, Inc. operates in Office Real Estate Investment Trust (REIT) - Commercial Real Estate.
Key facts
Founded: 1978 · Headquarters: Raleigh, NC · Employees: 350 · Revenue: $808.48M · Market cap: $2.57B