Highwoods Properties' Q3 FFO Beats Estimates, '24 View Raised [Yahoo! Finance]
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: Yahoo! Finance
HIW reported third-quarter 2024 funds from operations (FFO) per share of 90 cents, which beat the Zacks Consensus Estimate of 88 cents. However, the figure was lower than the prior-year quarter's 93 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Quarterly results reflect healthy leasing activity with rent growth amid rising demand for highly amenitized premium office spaces. However, higher interest expenses undermine the results to an extent. HIW raised its outlook for 2024. Rental and other revenues came in at $204.3 million, down 1.3% year over year. The figure also narrowly missed the Zacks Consensus Estimate of $205.3 million. According to Ted Klinck, the president and CEO of HIW, “Our high-quality portfolio continues to generate strong demand from customers and prospects.” He added, “The solid demand we're seeing from current and future customers who are committing to long-term leases at healthy rents signifies the strength of high-qualit
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HIW
News
- 5 Reasons Why You Should Add Highwoods to Your Portfolio Right Now [Yahoo! Finance]Yahoo! Finance
- Developer wants to tear down Cary office building. See what they want to build instead [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties Stock Up 37.9% YTD: Will the Trend Last? [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties, Inc. (NYSE: HIW) had its price target raised by analysts at Wells Fargo & Company from $32.00 to $35.00. They now have an "equal weight" rating on the stock.MarketBeat
- Highwoods Properties, Inc. (NYSE: HIW) had its price target raised by analysts at Robert W. Baird from $30.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
HIW
Earnings
- 10/22/24 - Miss
HIW
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form 144
- HIW's page on the SEC website