2024-02-10 06:30:00 ET
Summary
- Highwoods Properties has delivered steady and resilient earnings, beating FFO expectations and maintaining a secure dividend.
- The company has off-loaded properties for a gain and signed new leases, demonstrating activity and potential for growth.
- Highwoods Properties has a strong balance sheet and is undervalued compared to pre-pandemic levels, making it an attractive investment for income and potential upside.
- The work-from-home schedule corporations have adopted continues to plague the office sector in particular.
- According to Resume Builder, 9 out of 10 companies with office space are requiring employees to return to work by the end of 2024.
Introduction
Call me overly optimistic, but I think the office property sector will recover eventually. Maybe not in 2024, but I believe it will in the not too distant future. Some believe the work-from-home strategy that companies have adopted is here to stay. While that could very well be true, I think companies will require employees back into the office in the near future....
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For further details see:
Highwoods Properties Q4: Strictly An Income Play While The Sector Recovers