A well-diversified tenant base and efforts to expand in the high-growth markets are likely to aid Hi …

a well diversified tenant base and efforts to expand in the high growth markets are likely to aid highwoods hiw however

Sumary of A well-diversified tenant base and efforts to expand in the high-growth markets are likely to aid Highwoods (HIW). However,…:

  • This story originally appeared on Zacks Highwoods Properties, Inc.’s HIW portfolio is concentrated in high-growth Sun Belt markets with long-term favorable demographic trends.
  • As part of its strategy to fortify its presence in the targeted markets, in July, HIW acquired four Class-A office assets, spanning 1.63 million square feet in Charlotte and Raleigh, from Preferred Apartment Communities.
  • HIW is focused on development projects in the key markets that are likely to generate a considerable annual net operating income (NOI) upon completion and stabilization.
  • Going forward, the next cycle of office-space demand will likely be driven by an inbound migration and significant investments announced by the office occupiers to expand their footprint in the Sun Belt regions.
  • Also, additional hiring plans in HIW’s markets will drive the said demand.
  • Moreover, HIW is seeing an increasing number of tenants returning to offices or announcing plans to report to work.
  • This development too will likely support office real-estate fundamentals.
  • HIW has adequate liquidity from cash in hand, cash flows from operating activities and other financing sources to meet its short-term liquidity needs.

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