NYSE:HIWOffice REITs
Highwoods Properties Equity Raise Signals Flexibility And Valuation Gap Opportunity
Highwoods Properties (NYSE:HIW) has launched a $300 million follow on equity offering.
The company has also filed a mixed securities shelf registration covering common stock, preferred stock, and depositary shares.
Management plans to use the proceeds to support growth projects, potential acquisitions, and general corporate purposes.
Highwoods Properties focuses on owning, developing, and managing office properties in several key Sunbelt business districts. This region has attracted tenant...