|Bid||36.14 x 800|
|Ask||36.15 x 1100|
|Day's Range||35.50 - 36.22|
|52 Week Range||30.12 - 40.40|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||70.66|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||1.16 (3.26%)|
|1y Target Est||41.60|
Highwoods Properties (HIW) secures long-term lease renewal at Highwoods Preserve in Tampa. Being the largest 2021 expiring lease for the company, the renewal reduces near-term lease rollover risk.
George Berry, one of the Georgia’s greatest public servants, passed away Saturday night at age 82. Whether working for the city of Atlanta, the state of Georgia or Cousins Properties, Berry was one of the most influential leaders in the state for several decades beginning in the 1960s through the 2000s. Berry served as Atlanta’s airport commissioner from 1978 to 1983 during the building of what was then the new Hartsfield International Airport during the administration of Atlanta Mayor Maynard Jackson.
Sales of Atlanta’s office buildings rose to more than $1.3 billion through the first half of 2019, the second-highest transaction volume during that period in the past five years, according to real estate services firm Newmark Knight Frank. Only the first half of 2015 saw more deals for office properties, when the total came in just under $2.5 billion. Midtown saw a number of high-profile sales during the first six months of this year, including Northwood Investors buying 715 Peachtree, a former J.C. Penney Co. regional headquarters that was renovated by Pacific Coast Capital Partners and Atlanta real estate company Carter.
Only the first half of 2015 saw more deals for office properties, when the total came in just under $2.5 billion.
The $23 million overhaul of a 125-year-old prison complex in Atlanta's Grant Park area has secured construction financing. The project overlooks Glenwood Avenue near Maynard Jackson High School. A loan from Iberia Bank allows construction to begin without tenants signed to leases at the project.
MARTA is looking to redevelop its North Avenue station, just as south Midtown sees a wave of high-rise projects. JLL on Thursday released a request for proposals (RFP) for a 1.55-acre site at the MARTA station, located at the northeast corner of North Avenue and West Peachtree Street. A development at the North Avenue station would need to integrate the existing underground heavy rail station and street-grade bus terminal.
GlenCastle, the former city stockade, stables and farm, will be turned into 70,000 square feet of office space focused on attracting creative class companies.
Cousins Properties (CUZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Building landlords and property managers in the central business district are deep into discussion about how to prepare their multimillion-dollar assets for convention week. A security perimeter will surround uptown, making access to events and venues — and everything in between — difficult. Daily functions for office buildings, including deliveries, tenant access, and building security, will be impacted.
With a portfolio focused on the high-growth Sun Belt market, Highwoods Properties (HIW) is well poised to benefit from favorable demand trends. Yet, higher dispositions may impede bottom-line growth.
Mack Cali's Q2 performance indicates a slowdown in leasing activity at its office and residential portfolios as well as a year-on-year decline in revenues.
Host Hotels & Resorts' (HST) Q2 performance reflects a decline in occupancy and comparable hotel RevPAR, as well as impact of The Marriott transformational capital program.
The 171 17th St. tower soars over Atlantic Station. Singapore real estate investment trust Prime US REIT just paid nearly $177 million for the 21-story tower, according to Fulton County property records. The price exceeds pre-recession values for the 510,000-square-foot office building, the first of several built in Midtown's 138-acre Atlantic Station development.
Welltower's (WELL) Q2 results reflect growth in same-store net operating income, buoyed by decent performance across all its operating segments.
American Tower's (AMT) solid Q2 performance indicates growth in property segmental revenues. Further, higher revenues from service segment and increase in cash from operations buoy results.
Higher lease revenues from development project completions and improvements in the company's in-service portfolio aid Boston Properties' (BXP) Q2 FFO.
Improving same-store net operating income and sequential growth in physical occupancy buoy UDR's Q2 performance, encouraging the company to revise its guidance for 2019.
While Extra Space Storage (EXR) registers growth in same-store revenues and NOI, same-store square foot occupancy shrinks year over year.