Highwoods Properties (HIW) Completes Public Offering, Lowers FY09 FFO Outlook
Tweet Send to a FriendGet Alerts HIW Hot Sheet
Price: $35.63 --0%
EPS Growth %: -2.9%
Financial Fact:
Total other income: 1.62M
Today's EPS Names:
CLC, FNSR, MU, More
EPS Growth %: -2.9%
Financial Fact:
Total other income: 1.62M
Today's EPS Names:
CLC, FNSR, MU, More
Trade HIW Now!
Highwoods Properties, Inc. (NYSE: HIW) today announced that it has completed a public offering of 7,015,000 shares of common stock at a price per share of $21.50, including 915,000 shares issued and sold upon the full exercise of the underwriters' over-allotment option.
The net proceeds to the Company from the offering, after deducting underwriting commissions and discounts and offering expenses, were approximately $143.9 million. The Company used the net proceeds from the offering to repay debt and for general corporate purposes.
As a result of the equity offering, recently completed dispositions and anticipated debt financing activities, the Company has updated its 2009 FFO guidance, from $2.53-$2.72 to $2.43-$2.58. The Street is currently expecting FY09 FFO of $2.61.
The net proceeds to the Company from the offering, after deducting underwriting commissions and discounts and offering expenses, were approximately $143.9 million. The Company used the net proceeds from the offering to repay debt and for general corporate purposes.
As a result of the equity offering, recently completed dispositions and anticipated debt financing activities, the Company has updated its 2009 FFO guidance, from $2.53-$2.72 to $2.43-$2.58. The Street is currently expecting FY09 FFO of $2.61.
You May Also Be Interested In
- John Wiley (JW-A) Misses Q4 EPS by 9c; Names New CFO; Updates on Restructuring
- Korn/Ferry Int'l (KFY) Tops Q4 EPS by 1c, Offers Q1 Guidance
- Factset Research Systems (FDS) Reports In-Line Q3 EPS; Guides Q4 EPS, Revs
Create E-mail Alert Related Categories
Equity Offerings, Guidance
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
