Highwoods Properties (NYSE: HIW ) may not offer a lot of dividend growth, but the REIT is the type of steady-eddy stock income investors may consider attractive as a result of theirContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who ...

Core Insights - Highwoods Properties (HIW) shares have increased by 37.9% year to date, significantly outperforming the industry growth of 3.1% [1] - The company reported third-quarter 2024 funds from operations (FFO) per share of 90 cents, exceeding the Zacks Consensus Estimate of 88 cents but lower than the previous year's 93 cents [1][2] Financial Performance - The quarterly results showed strong leasing activity and rent growth, driven by rising demand for premium office spaces, although higher interest expenses had a negative impact [2] - The Zacks Consensus Estimate for HIW's 2024 FFO per share has been revised slightly upward to $3.61 over the past month [2] Market Position and Demand - Highwoods' portfolio is concentrated in high-growth Sun Belt markets, which are expected to experience above-average job growth, supporting long-term rent growth [3] - The average in-place cash rent grew by 3.9% per square foot year over year during the third quarter of 2024 [3] Leasing Activity - The company signed 906,000 square feet of second-generation leases in the third quarter, including 530,000 square feet of new leases [4] - Highwoods also signed 61,000 square feet of first-generation leases during the same period [4] Future Outlook - Future demand for office space is anticipated to be driven by inbound migration and significant investments from office occupiers in the Sun Belt regions [5] - The company has a diversified tenant base and is witnessing an increasing number of tenants returning to offices, which is expected to support market fundamentals [5] Capital Strategy - Highwoods follows a disciplined capital-recycling strategy, disposing of non-core assets and reinvesting in premium acquisitions and development projects [6] - The company completed dispositions worth $84 million from the beginning of the year through September 30, 2024, with an additional $150 million expected in 2024 [6] Financial Health - The company maintains a healthy balance sheet with no consolidated debt maturities until the second quarter of 2026, holding approximately $23.7 million in cash and $644.9 million in unused capacity under its revolving credit facility as of September 30, 2024 [7] - Highwoods generated 83.3% unencumbered net operating income (NOI) at the company's share, with investment-grade ratings from S&P and Moody's allowing access to favorable debt market rates [8]

Highwoods Properties Inc. (HIW) reported third-quarter 2024 funds from operations (FFO) per share of 90 cents, which beat the Zacks Consensus Estimate of 88 cents. However, the figure was lower than the prior-year quarter’s 93 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly results reflect healthy leasing activity with rent growth amid rising demand for highly amenitized premium office spaces. However, higher interest expenses undermine the results to an extent. HIW ...

For the quarter ended September 2024, Highwoods Properties (HIW) reported revenue of $204.32 million, down 1.3% over the same period last year. EPS came in at $0.90, compared to $0.21 in the year-ago quarter.The reported revenue represents a surprise of -0.49% over the Zacks Consensus Estimate of $205.32 million. With the consensus EPS estimate being $0.88, the EPS surprise was +2.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.90 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to FFO of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.27%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.90 per share when it actually produced FFO of $0.98, delivering a surprise of 8.89%.Over the last four ...

RALEIGH, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2024 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Third Quarter 2024 Results About HighwoodsHighwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages pro ...

The REIT sector ( XLRE ), particularly office REITs have seen suppressed valuations for the last couple of years as high interest rates have plagued the sector.Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend inves ...

Core Viewpoint - Highwoods Properties, Inc. is set to release its third quarter 2024 results on October 22nd, followed by a conference call on October 23rd at 11:00 A.M. Eastern time [1]. Company Overview - Highwoods Properties, Inc. is a publicly-traded, fully-integrated office real estate investment trust (REIT) headquartered in Raleigh, focusing on owning, developing, acquiring, leasing, and managing properties in major business districts across several cities including Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa [3]. - The company emphasizes creating environments that foster collaboration and innovation, aiming to deliver greater value to customers and stakeholders [3]. Conference Call Details - For US/Canada callers, the conference call can be accessed by dialing (833) 470-1428 with access code 628980, while international callers should use (404) 975-4839 with the same passcode [2]. - A live webcast of the call will be available on the company's website, and a replay will also be accessible post-call [2].

Core Insights - Highwoods Properties, Inc. has reported that its properties in Florida, Georgia, North Carolina, and Tennessee have not sustained any notable damage following a thorough assessment [1] - The President and CEO, Ted Klinck, expressed gratitude for the safety of all employees and commended the team's preparation for the hurricane [2] Company Overview - Highwoods Properties, Inc. is a publicly-traded real estate investment trust (REIT) that focuses on owning, developing, acquiring, leasing, and managing properties in major business districts across several cities including Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa [2] - The company emphasizes its role in creating work environments that foster collaboration and innovation among its tenants, thereby delivering greater value to customers and stakeholders [2]

Highwoods Properties (HIW) is well-poised to capitalize on tenants' growing preference for premium office spaces with class-apart amenities. An aggressive capital-recycling program bodes well. However, competition from other industry players is likely to limit its pricing power and hurt profitability. In September 2024, Highwoods announced that the company has signed 738,000 square feet of secondgeneration leases since July 1, 2024, including new leases spanning more than 400,000 square feet. Shares of HIW ...