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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.