Company Defies Office-Space Downturn, Offers 7.8% Dividend Yield
Headquartered in Raleigh, N.C., Highwood Properties operates as a real estate investment trust (REIT) specializing in commercial real estate. Its biggest operations are in Atlanta, Nashville, N.C., and the North Carolina cities of Charlotte and Raleigh. Along with other commercial REITs, Highwood struggled amid the Covid pandemic as offices shut down and employees transitioned to remote work.