Highwoods Properties Inc., headquartered in Raleigh, is a publicly-traded real estate investment trust ("REIT"). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. Our Common Stock is traded on the New York Stock Exchange ("NYSE") under the symbol "HIW."
Company profile
Ticker
HIW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
HIGHWOODS FORSYTH L P
SEC CIK
Investment data
Securities sold
Number of investors
Calendar
26 Apr 22
26 Jun 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 32.74M | 32.74M | 32.74M | 32.74M | 32.74M | 32.74M |
| Cash burn (monthly) | (no burn) | 2.14M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.14M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 26.6M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 12.4 | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- Rental and other revenues were $22.6 million, or 12.3%, higher in the first quarter of 2022 as compared to 2021 primarily due to the acquisition of real estate assets from PAC, development properties placed in service and higher same property revenues, which increased rental and other revenues by $16.6 million, $8.6 million and $5.8 million, respectively. Same property rental and other revenues were higher primarily due to higher average GAAP rents per rentable square foot, higher average occupancy and higher cost recovery and parking income. These increases were partially offset by lost revenue of $8.5 million from property dispositions. We expect rental and other revenues to be higher for the remainder of 2022 as compared to 2021 for similar reasons.
Content analysis
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H.S. sophomore Avg
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Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
25 May 22
8-K
Submission of Matters to a Vote of Security Holders
10 May 22
8-K
Highwoods Closes Acquisition of Office Assets from
30 Jul 21
8-K
Departure of Directors or Certain Officers
11 May 21
8-K
Highwoods Agrees to Acquire Office Assets from
19 Apr 21
8-K
Entry into a Material Definitive Agreement
19 Mar 21
8-K
Departure of Directors or Certain Officers
16 Nov 20
8-K
Highwoods Announces Early Results of Tender Offer for Up to $150,000,000 of Outstanding 3.20% Notes due 2021
13 Aug 20
8-K
Highwoods Announces Tender Offer for Up to $100,000,000 Outstanding 3.20% Notes due 2021
31 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
12 May 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
31 Jul 20
FWP
Free writing prospectus
30 Jul 20
424B5
Prospectus supplement for primary offering
30 Jul 20
S-3ASR
Automatic shelf registration
4 Feb 20
424B5
Prospectus supplement for primary offering
5 Sep 19
FWP
Free writing prospectus
4 Sep 19
424B5
Prospectus supplement for primary offering
4 Sep 19
424B5
Prospectus supplement for primary offering
27 Feb 19
FWP
Free writing prospectus
26 Feb 19
424B5
Prospectus supplement for primary offering
26 Feb 19
Other
UPLOAD
Letter from SEC
16 May 13
CORRESP
Correspondence with SEC
30 Apr 13
UPLOAD
Letter from SEC
21 Apr 13
UPLOAD
Letter from SEC
10 Apr 12
CORRESP
Correspondence with SEC
22 Mar 12
UPLOAD
Letter from SEC
12 Mar 12
UPLOAD
Letter from SEC
21 Jun 11
CORRESP
Correspondence with SEC
2 Jun 11
UPLOAD
Letter from SEC
22 May 11
CORRESP
Correspondence with SEC
18 Apr 11