Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.86 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.9 per share a year ago.
HIW boosts its portfolio by acquiring Legacy Union Parking Garage at 720 South Church Street in Uptown Charlotte.
Highwoods Properties' Sunbelt office focus faces headwinds as occupancy rates decline and core markets like Raleigh and Atlanta see rising vacancies. Despite a 7% dividend yield and strong near-term coverage, falling occupancy, FFO, and free cash flow raise concerns for long-term investors. Debt maturities are manageable through 2025, but refinancing risk grows in 2027-2028 amid higher rates and possible continued occupancy losses.
Highwoods Properties, Inc. (NYSE:HIW ) Q2 2025 Earnings Conference Call July 30, 2025 11:00 AM ET Company Participants u - Corporate Participant r - Corporate Participant e - Corporate Participant s - Corporate Participant L - Corporate Participant e - Corporate Participant s - Corporate Participant a - Corporate Participant a - Corporate Participant c - Corporate Participant R - Corporate Participant h - Corporate Participant e - Corporate Participant v - Corporate Participant Brendan C. Maiorana - Executive VP & CFO Brian M.
Although the revenue and EPS for Highwoods Properties (HIW) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.89 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to FFO of $0.98 per share a year ago.
HIW climbs 14.5% as Sun Belt leasing rebounds, rents rise, and pre-leased projects boost the outlook.
Highwoods Properties is an office REIT focused on the Sun Belt region, where the company derives over 95% of its net operating income. Q1 2025 FFO was down Y/Y and Q/Q, impacted by occupancy declines. Even so, the REIT increased its full-year outlook as leasing activity picked up in Q2 2025.
HIW signs more than 750,000 square feet of second-generation leases, fueling an 8.3% stock rally as demand rebounds in the Sun Belt office.
HIW secures 750K+ sq ft of second-generation leases, including 300K+ sq ft of new leases from the beginning of the second quarter through June 2, 2025.
Highwoods Properties, Inc. (NYSE:HIW ) Q1 2025 Earnings Conference Call April 30, 2025 11:00 AM ET Company Participants Brendan Maiorana - EVP & CFO Ted Klinck - President & CEO Brian Leary - EVP & COO Conference Call Participants Blaine Heck - Wells Fargo Ronald Kamdem - Morgan Stanley Rob Stevenson - Janney Montgomery Peter Abramowitz - Jefferies Nick Thillman - Baird Dylan Burzinski - Green Street Vikram Malhotra - Mizuho Omotayo Okusanya - Deutsche Bank Operator Good morning. Thank you for attending today's Highwoods Properties Q1 2025 Earnings Call.
HIW's Q1 results reflect decent leasing activity and rent growth. However, lower occupancy and same-store NOI impact the performance.