Highwoods Properties (HIW) reported earnings 30 days ago. What's next for the stock?
Highwoods Properties remains a Hold with a $31 price target, reflecting minimal capital appreciation potential at current levels. Leasing activity is improving, but cash NOI growth is weak at 0.3%, and occupancy conversion risk persists between leased and occupied rates. FFO guidance midpoint is $3.58 per share, with an 8.63x multiple and a 6.5% dividend yield; however, recurring cash flow visibility is limited.
Highwoods Properties NYSE: HIW reported second-quarter funds from operations of $0.90 per share and raised its full-year 2026 FFO outlook, citing stronger leasing, rising occupancy and progress in recycling capital into future investment opportunities.
HIW tops Q2 FFO and revenue estimates as strong leasing, higher rents and asset sales boost results, prompting management to raise its 2026 outlook.
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.9 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to FFO of $0.89 per share a year ago.
Highwoods benefits from strong Sun Belt leasing, portfolio upgrades and solid liquidity, though office market challenges and execution risks remain.
Highwoods Properties earns a 'Hold' rating due to mixed growth signals, despite beating Q1 estimates and offering a 7%+ dividend yield. HIW's Sunbelt focus, recent investments, and high occupancy outlook support potential upside, but unsteady revenue and declining EBITDA margins temper enthusiasm. Dividend coverage is strong with a 1.68x AFFO payout, yet five-year dividend growth remains flat, limiting its appeal beyond yield-focused investors.
Highwoods Properties, Inc. (HIW) Q1 2026 Earnings Call Transcript
HIW Q1 FFO matches estimates as revenues beat on rent growth. Leasing hits 958k sq ft, with 19.4% GAAP rent gains.
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.84 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.83 per share a year ago.
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Shares in office-focused REIT, Highwoods Properties, are currently trading just off their 52-week lows at an attractive forward multiple of 6x FFO. The stock comes attached with a quarterly dividend payout yielding over 9%. Operating metrics have remained positive and are even showing positive momentum forward.