trending Market Intelligence /marketintelligence/en/news-insights/trending/gritauajcphwjwjfbbrirg2 content esgSubNav
In This List

S&P affirms Highwoods Properties


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

S&P affirms Highwoods Properties

S&P Global Ratings affirmed its BBB corporate credit rating on office real estate investment trust Highwoods Properties Inc., with a stable outlook.

The outlook on Highwoods reflects its expectation for steady rent growth and further revenues from development completions to support debt-to-adjusted EBITDA in the low- to mid-5x area.

The rating agency also expects the company to finance portfolio growth on a leverage-neutral basis with a considerable amount of development to be pre-leased.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.