Highwoods Props Q4 FFO $0.99 Up From $0.96 YoY, Sales $206.86M Miss $207.83M Estimate
Portfolio Pulse from totan@benzinga.com
Highwoods Properties (HIW) reported a Q4 FFO of $0.99 per share, up from $0.96 YoY, but missed sales estimates with $206.86M against the expected $207.83M. Sales decreased by 2.29% compared to last year.
February 06, 2024 | 9:26 pm
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Highwoods Properties reported a modest increase in FFO per share but missed sales estimates and saw a year-over-year decrease in sales.
The slight increase in FFO per share indicates operational efficiency and could be seen positively by investors. However, missing sales estimates and a year-over-year decrease in sales could raise concerns about growth prospects, potentially balancing out the positive impact of the FFO increase.
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IMPORTANCE 75
RELEVANCE 100