Highwoods Properties (NYSE: HIW) is Sunbelt office’s steady hand: Raleigh, Nashville, Atlanta, Charlotte, and Tampa towers in the best business districts of migration-winning metros, run on investment-grade credit with a dividend that held through the entire downturn.
| Highwoods Properties (HIW) Snapshot | |
|---|---|
| Share Price (delayed) | $32.09 +2.43% |
| Market Cap | $3.5B |
| Annualized Dividend | $2.00 (Quarterly) |
| Dividend Yield | 6.23% |
| Sector | Office ยท Sunbelt Office |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
Highwoods owns the “BBD” (best business district) product in cities corporate America keeps relocating to, the same demand thesis as Cousins executed with slightly older average product and slightly wider geography. Occupancy dipped through the hybrid-work reset and has stabilized as Sunbelt leasing recovered; the balance sheet stayed investment grade throughout.
The Honest Risk Section
Nashville and Austin exposure means competing against the Sunbelt’s heaviest new office supply, portfolio age requires steady capex to stay competitive with newer trophies, and office remains structurally demand-capped everywhere. Solid execution one notch below the sector leader’s polish.
Frequently Asked Questions
Did Highwoods cut its dividend?
No, the payout was maintained through the office downturn on investment-grade credit, one of the few office REITs that never reduced.
Where does Highwoods own office?
Best-business-district properties in Raleigh, Nashville, Atlanta, Charlotte, Tampa, Orlando, and other Sunbelt metros.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.