Highwoods Properties' Q3 FFO Beats Estimates, '24 View Raised

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 ...