Haverty Furniture Companies (NYSE:HVT.A) is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc., the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.
At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States. The company’s holdings include an 800,000+ square-foot distribution center in Augusta, Georgia, as well as showroom facilities in metro areas such as Atlanta, Nashville and Dallas. Operating as a net lease REIT, Haverty Furniture Companies benefits from lease structures that transfer most property operating expenses, insurance and maintenance responsibilities to the tenant, thereby streamlining portfolio management and reducing landlord overhead.
Headquartered in Atlanta, Georgia, Haverty Furniture Companies conducts its day-to-day operations through a small executive team responsible for asset management, property acquisitions and tenant relations. The board and management team draw on decades of combined experience in commercial real estate, retail support services and corporate governance. With a focused property portfolio and a single-tenant leasing model, the company seeks to capitalize on the stability of its tenant’s well-established retail presence and to pursue selective portfolio expansion opportunities that fit its investment criteria.
