Edward Fritsch - Highwoods Properties Chairman

HIW Stock  USD 32.34  0.38  1.19%   

Chairman

Mr. Edward J. Fritsch is no longer Chief Executive Officer, Director of the Company., effective September 1, 2019. Mr. Fritsch became our chief executive officer and chair of the investment committee of our board of directors in July 2004. Mr. Fritsch was our president from December 2003 to November 2018, our chief operating officer from January 1998 to July 2004 and was a vice president and secretary from June 1994 to January 1998. Mr. Fritsch joined our predecessor in 1982 and was a partner of that entity at the time of our initial public offering in June 1994. Mr. Fritsch is a director, chair of the governance committee and member of the audit committee of National Retail Properties, Inc., a publiclytraded REIT . Mr. Fritsch is a past chair of the National Association of Real Estate Investment Trusts . Mr. Fritsch is also a member of Wells Fargo central region advisory board, a member of the University of North Carolina at Chapel Hill Foundation board, a director of the University of North Carolina at Chapel Hill Real Estate Holdings and a member of the Dix Park Conservancy board. since 2019.
Age 61
Tenure 5 years
Address 150 Fayetteville Street, Raleigh, NC, United States, 27601
Phone919 872 4924
Webhttps://www.highwoods.com
Fritsch is also a director and audit committee chair of Capital Associated Industries, Inc., a member of Wells Fargo central regional advisory board, a member of the University of North Carolina at Chapel Hill Foundation board, a director of the University of North Carolina at Chapel Hill Real Estate Holdings, a member of the University of North Carolina KenanFlagler’s Business School board of visitors and a member of Urban Land Institute Triangle governance committee.

Highwoods Properties Management Efficiency

The company has Return on Asset of 0.0217 % which means that on every $100 spent on assets, it made $0.0217 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0594 %, implying that it generated $0.0594 on every 100 dollars invested. Highwoods Properties' management efficiency ratios could be used to measure how well Highwoods Properties manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Highwoods Properties' Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to climb to 0.06 in 2024, whereas Return On Assets are likely to drop 0.02 in 2024. At this time, Highwoods Properties' Non Currrent Assets Other are fairly stable compared to the past year. Other Assets is likely to climb to about 5.6 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 326.1 M in 2024.
Highwoods Properties has 3.21 B in debt with debt to equity (D/E) ratio of 1.15, which is OK given its current industry classification. Highwoods Properties has a current ratio of 1.43, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Highwoods to invest in growth at high rates of return.

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Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded real estate investment trust and a member of the SP MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. Highwoods Properties operates under REITOffice classification in the United States and is traded on New York Stock Exchange. It employs 348 people. Highwoods Properties (HIW) is traded on New York Stock Exchange in USA. It is located in 150 Fayetteville Street, Raleigh, NC, United States, 27601 and employs 349 people. Highwoods Properties is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Highwoods Properties Leadership Team

Elected by the shareholders, the Highwoods Properties' board of directors comprises two types of representatives: Highwoods Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Highwoods. The board's role is to monitor Highwoods Properties' management team and ensure that shareholders' interests are well served. Highwoods Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Highwoods Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.
Sherry Kellett, Independent Director
Jeffrey Miller, Executive Vice President, General Counsel, Secretary
Brian Leary, Chief Operating Officer, Executive Vice President
Alex Chambers, Senior Leader
Steven Garrity, Senior Leader
Gene Anderson, Independent Director
Charles Anderson, Independent Director
Theodore Klinck, Chief Operating and Investment Officer and Executive VP
Ryan Hunt, Chief Information Officer, Vice President
Sara Carlton, Vice President Associate General Counsel
David Gadis, Independent Director
Carlos Evans, Independent Chairman of the Board
Thomas III, Senior Leader
Anne Lloyd, Independent Director
Randy Roberson, Senior Development
David Hartzell, Independent Director
Thomas Anderson, Independent Director
Daniel CPA, VP Officer
Carman Liuzzo, Senior Investments
Daniel Woodward, Senior Leader
Michael Starchville, VP Management
Edward Fritsch, CEO and President Director, Chairman of Investment Committee and Ex-Officio Member of Executive Committee
Mark Mulhern, CFO, Sr. VP, Director and Member of Audit Committee
Brendan Maiorana, Chief Financial Officer, Executive Vice President - Finance, Treasurer
Jane Dufrane, Senior Leader

Highwoods Stock Performance Indicators

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