Highwoods Props Q1 2024 FFO $0.89, Inline, Sales $211.275M Beat $206.784M Estimate
Portfolio Pulse from Benzinga Newsdesk
Highwoods Properties (HIW) reported Q1 2024 FFO of $0.89 per share, meeting analyst estimates, and sales of $211.275M, exceeding expectations by 2.17%. However, this reflects a 9.18% decrease in earnings and a 0.69% decrease in sales from the previous year.
April 23, 2024 | 8:51 pm
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NEUTRAL IMPACT
Highwoods Properties reported a stable FFO per share of $0.89, aligning with estimates, and a slight sales beat at $211.275M for Q1 2024, despite year-over-year declines.
The report shows Highwoods Properties meeting its FFO estimates and slightly exceeding sales expectations, indicating financial stability. However, the year-over-year declines in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100