Highwoods Properties (HIW) Matches Q3 FFO Estimates

Core Insights - Highwoods Properties reported quarterly funds from operations (FFO) of $0.86 per share, matching the Zacks Consensus Estimate, but down from $0.90 per share a year ago [1] - The company posted revenues of $201.77 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 0.79% and down from $204.32 million year-over-year [2] - Highwoods Properties shares have declined approximately 3.3% year-to-date, contrasting with the S&P 500's gain of 16.9% [3] Financial Performance - FFO for the previous quarter was expected to be $0.85 per share, but the actual result was $0.89, resulting in a surprise of +4.71% [1] - Over the last four quarters, the company has exceeded consensus FFO estimates twice [1] - The current consensus FFO estimate for the upcoming quarter is $0.85, with projected revenues of $207.23 million, and for the current fiscal year, the estimate is $3.42 on revenues of $811.6 million [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The estimate revisions trend for Highwoods Properties was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The REIT and Equity Trust - Other industry is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]