Highwoods Properties Lowers Guidance to be In-line with Estimates
Highwoods Properties (HIW) reported 1st Quarter March 2020 earnings of $0.93 per share on revenue of $192.8 million. The consensus earnings estimate was $0.88 per share on revenue of $193.3 million. Revenue grew 11.9% on a year-over-year basis.
The company said it expects 2020 funds from operations of $3.55 to $3.68 per share. The company's previous guidance was FFO of $3.60 to $3.72 per share and the current consensus FFO estimate is $3.56 per share for the year ending December 31, 2020.
Highwoods Properties Inc is a real estate investment trust ("REIT"). The Company’s business is the operation, acquisition and development of rental real estate properties.
Highwoods Announces Availability of First Quarter 2020 Results
RALEIGH, N.C., April 28, 2020 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its first quarter 2020 results. Please visit the investors section of our website at www.highwoods.com to view the release, or click on the following link.
HIW Reports First Quarter 2020 Results
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at www.highwoods.com.
| ||Executive Vice President, Finance|
Source: Highwoods Properties, Inc.