Highwoods Properties Q3 FFO, Revenue Decline; 2024 FFO Outlook Raised

MT Newswires Live

2024-10-23

Highwoods Properties (HIW) reported Q3 funds from operations late Tuesday of $0.90 per diluted share, down from $0.93 a year earlier.

Analysts polled by Capital IQ expected $0.88.

Rental and other revenue in the quarter ended Sept. 30 fell to $204.3 million from $207.1 million a year earlier.

Analysts surveyed by Capital IQ expected $205.4 million.

The company boosted its 2024 FFO outlook to $3.59 to $3.63 a share from between $3.54 and $3.62. Analysts surveyed by Capital IQ expect $3.60.

Price: 35.57, Change: -0.02, Percent Change: -0.06

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