Highwoods (HIW) Q1 FFO Miss Estimates, '24 View Revised [Yahoo! Finance]
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: Yahoo! Finance
The figure was also lower than the prior-year quarter's 98 cents. Quarterly results reflect a fall in occupancy and higher operating expenses. It also revised its outlook for 2024. Rental and other revenues came in at $211.3 million, outpacing the Zacks Consensus Estimate of $207 million. On a year-over-year basis, rental and other revenues fell marginally, while FFO per share declined 9.2%. According to Ted Klinck, president and CEO of HIW, “Our high-quality portfolio in the BBDs of our SunBelt markets is generating strong demand from customers and prospects. We followed strengthening leasing volume late in 2023 with robust 2nd gen new leasing of over 400,000 square feet to begin the year and 157,000 square feet of 1st gen leases. We continued to improve our portfolio quality and long-term cash flow outlook by selling nearly $80 million of non-core properties in the first four months of the year.” Quarter in Detail Highwoods leased 922,000 square feet of second-generation
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News
- Highwoods Properties: Long-Term Investors Should Consider This Near 8% Yielding REIT [Seeking Alpha]Seeking Alpha
- Highwoods Properties, Inc. (NYSE:HIW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties (HIW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties (HIW) Q1 FFO Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Highwoods Properties (HIW) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
HIW
Earnings
- 4/23/24 - Miss
HIW
Sec Filings
- 3/29/24 - Form ARS
- 3/29/24 - Form DEFA14A
- 3/29/24 - Form DEF
- HIW's page on the SEC website