Highwoods Props Q2 2024 FFO $0.98 Beats $0.90 Estimate, Sales $204.73M Miss $205.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Highwoods Properties (NYSE: HIW) reported Q2 2024 FFO of $0.98 per share, beating the analyst estimate of $0.90. However, sales of $204.73 million missed the $205.07 million estimate and decreased by 1.24% year-over-year.
July 23, 2024 | 8:08 pm
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Highwoods Properties reported Q2 2024 FFO of $0.98 per share, beating estimates by 8.89%. However, sales of $204.73 million missed the estimate by 0.16% and decreased by 1.24% year-over-year.
The beat on FFO per share is a positive indicator and likely to boost investor confidence in the short term. However, the slight miss on sales and the year-over-year decline may temper the enthusiasm somewhat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100