Highwoods (HIW) Q4 FFO Beat Estimates, '24 View Issued [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 above the prior-year quarter's 96 cents. Quarterly results reflect rent growth. However, a fall in occupancy and higher operating expenses acted as dampeners. It also issued its outlook for 2024. Rental and other revenues came in at $206.9 million, lagging the Zacks Consensus Estimate of $207.3 million. On a year-over-year basis, although rental and other revenues fell 2.3%, FFO per share improved 3.1%. According to Ted Klinck, president and CEO of HIW, “Leasing activity accelerated during the quarter with the year's highest quarterly volume of new leasing, and 2024 is off to a similarly strong start.” In 2023, Highwoods reported an FFO per share of $3.83, which decreased 5% from the prior year's $4.03. However, the figure outpaced the Zacks Consensus Estimate of $3.75. Rental and other revenues of $833.9 million missed the consensus mark of $840.2 million and were marginally up year over year. Quarter in Detail Highwoods leased 698,000 square feet of
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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 (HIW) Q1 FFO Miss Estimates, '24 View Revised [Yahoo! Finance]Yahoo! Finance
- Highwoods Properties (HIW) Q1 FFO Lag Estimates [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