Highwoods Properties to Offer Innovative EV Charging with Invisible Urban Charging

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Highwoods Properties ($NYSE:HIW), a publicly-traded real estate investment trust (REIT) involved in the ownership, development, acquisition, and management of office and industrial properties, has chosen Invisible Urban Charging to install electric vehicle chargers throughout its portfolio of office and commercial properties. The new charging technology developed by Invisible Urban Charging provides an alternative solution to bulky curbside EV chargers, allowing for seamless EV charging integration. The partnership between Highwoods Properties and Invisible Urban Charging will enable Highwoods to offer an innovative EV charging solution in urban areas. By using the technology developed by Invisible Urban Charging, EV owners will be able to charge their vehicles without disrupting the urban landscape.

This means that EV owners will be able to charge their vehicles without having to worry about unsightly EV charging stations littered throughout the urban landscape. Highwoods Properties is committed to providing clean energy solutions that not only help reduce greenhouse gas emissions but also improve the quality of life for its tenants and visitors. The partnership with Invisible Urban Charging is just one of the many steps Highwoods Properties is taking to ensure that its portfolio of offices and commercial properties are energy efficient.

Share Price

On Wednesday, Highwoods Properties announced the launch of their new initiative, Invisible Urban Charging. The company’s stock opened at $22.8 and closed at $22.5 on the same day, representing a decrease of 0.6% from the previous day’s closing price of $22.6. The initiative by Highwoods Properties will help reduce traffic congestion in urban areas, as well as provide a clean and convenient experience for those charging their electric vehicles. Supported by the company’s advanced technological capabilities, Invisible Urban Charging will use a combination of data and analytics to quickly identify available charging spots, allowing drivers to quickly locate and access them.

Additionally, this service also provides real-time availability updates and occupancy information for the charging spots. Highwoods Properties’ initiative is part of an ongoing effort to develop and deploy sustainable technologies that benefit those living in urban areas. The company’s commitment to sustainability underscores their dedication to environmental protection and social responsibility. Live Quote…

About the Company

Income Snapshot

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Balance Sheet Snapshot

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Analysis

At GoodWhale, we are dedicated to helping you make smart investments that are right for you. HIGHWOODS PROPERTIES is one such option that we’ve analyzed, and our Risk Rating suggests that it is a low risk investment with strong financials. GoodWhale’s detailed analysis of HIGHWOODS PROPERTIES’ financials reveals 1 risk warning in its balance sheet. We invite you to register with us to check out this warning and take a closer look at this company’s financials to determine if it is the right investment for you. More…

Peers

The company was founded in 1992 and has since grown to become one of the largest office REITs in the United States. Highwoods owns and operates a portfolio of approximately 86 office properties totaling nearly 20 million square feet, concentrated primarily in the Sunbelt region. Highwoods’ chief competitors in the office REIT space are Piedmont Office Realty Trust Inc., Cousins Properties Inc., and Corporate Office Properties Trust. These companies are all large, publicly traded REITs with substantial portfolios of office properties across the United States.

– Piedmont Office Realty Trust Inc ($NYSE:PDM)

Piedmont Office Realty Trust, Inc. is a publicly traded real estate investment trust that owns, operates, manages, acquires, develops and redevelops high-quality, Class A office properties in select central business districts (“CBDs”) in the United States. As of March 31, 2021, the Company’s portfolio consisted of 109 properties totaling approximately 23.0 million square feet. The Company is an owner and operator of high-quality office assets in some of the most desirable locations in the United States, including Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Minneapolis, New York, San Francisco, Seattle and Washington, D.C.

– Cousins Properties Inc ($NYSE:CUZ)

Cousins Properties Inc is a real estate investment trust that focuses on office buildings in the Sunbelt region of the United States. As of 2022, its market cap is 3.76B. The company owns and operates office buildings, hotels, and retail centers. It also has a development pipeline of office, residential, and mixed-use projects.

– Corporate Office Properties Trust ($NYSE:OFC)

Corporate Office Properties Trust is a real estate investment trust that owns, manages, and develops office properties in the United States. The company’s market cap is $2.98 billion as of 2022. Corporate Office Properties Trust is headquartered in Maryland.

Summary

Highwoods Properties is a real estate investment trust (REIT) that specializes in the acquisition, development, and operation of office, industrial, retail, and multi-family properties. Investors can gain exposure to Highwoods’ portfolio through shares of its common stock, which trades on the New York Stock Exchange. Highwoods has a diversified portfolio of properties located in major U.S. markets, and the company also owns and develops properties in Canada. The company’s dividend yield is above average compared to other REITs and its long-term earnings growth forecasts are higher than the industry average.

Highwoods has a solid balance sheet with conservative leverage levels, an attractive price-to-FFO ratio, and a strong management team with a good track record. Investing in Highwoods Properties could be an attractive option for investors seeking exposure to the real estate market.