Highwoods Properties (HIW) Q4 FFO Match Estimates

Core Viewpoint - Highwoods Properties reported quarterly funds from operations (FFO) of $0.85 per share, matching the Zacks Consensus Estimate, but down from $0.99 per share a year ago [1] - The company posted revenues of $205.53 million for the quarter, exceeding the Zacks Consensus Estimate by 0.65%, but slightly lower than the previous year's revenues of $206.86 million [2] Financial Performance - FFO for the last quarter was $0.85 per share, consistent with estimates, and the company has surpassed consensus FFO estimates two times in the last four quarters [1] - Revenues for the quarter were $205.53 million, which is a slight decrease from $206.86 million year-over-year, and the company has topped consensus revenue estimates two times over the last four quarters [2] Market Performance - Highwoods Properties shares have declined approximately 5.5% since the beginning of the year, contrasting with the S&P 500's gain of 3.1% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.83 on revenues of $204.69 million, and for the current fiscal year, it is $3.43 on revenues of $828.26 million [7] - The estimate revisions trend for Highwoods Properties is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 30% of the Zacks industries, which may impact the stock's performance [8]