Highwoods (HIW) Q1 FFO Miss Estimates, '24 View Revised

Highwoods Properties Inc. (HIW) reported first-quarter 2024 funds from operations (FFO) per share of 89 cents, missing the Zacks Consensus Estimate of 90 cents. The figure was also lower than the prior-year quarter’s 98 cents.Quarterly results reflect a fall in occupancy and higher operating expenses. It also revised its outlook for 2024.Rental and other revenues came in at $211.3 million, outpacing the Zacks Consensus Estimate of$207 million.On a year-over-year basis, rental and other revenues fell margin ...