Highwoods Properties Stock Up 37.9% YTD: Will the Trend Last?

Shares of Highwoods Properties (HIW) have rallied 37.9% year to date (YTD), outperforming the industry’s growth of 3.1%.Last October, 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.Quarterly results reflected healthy leasing activity with rent growth amid rising demand for premium office spaces. However, higher interest expenses undermined the results ...