Compared to Estimates, Highwoods Properties (HIW) Q4 Earnings: A Look at Key Metrics

Core Insights - Highwoods Properties reported revenue of $205.53 million for the quarter ended December 2024, a decrease of 0.6% year-over-year, with an EPS of $0.85 compared to $0.36 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $204.19 million by 0.65%, while the EPS met the consensus estimate [1] Financial Performance Metrics - Lease termination fees, net, were reported at $1 million, significantly higher than the average estimate of $0.32 million, reflecting a year-over-year increase of 105.5% [4] - Contractual rents, net, amounted to $174.01 million, slightly above the average estimate of $173.98 million, but showed a year-over-year decline of 1.1% [4] - Other miscellaneous operating revenues were reported at $10.72 million, close to the estimated $10.79 million, with a year-over-year increase of 7.4% [4] - Cost recoveries billed under lease arrangements, net, were $17.51 million, exceeding the average estimate of $17.02 million, representing a year-over-year increase of 2.9% [4] - Straight-line rental income, net, was reported at $2.29 million, below the estimated $2.51 million, showing a significant year-over-year decrease of 34.3% [4] - Net Earnings Per Share (Diluted) was -$0.03, compared to the average estimate of $0.09 [4] Stock Performance - Over the past month, shares of Highwoods Properties returned +0.2%, while the Zacks S&P 500 composite increased by +4.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]