Highwoods Properties (HIW) Misses Q3 EPS by 9c; offers outlook

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Go back to Highwoods Properties (HIW) Misses Q3 EPS by 9c; offers outlook

BTIG Reiterates Neutral Rating on Highwoods Properties Inc. (HIW)

October 23, 2024 5:45 AM EDT

BTIG analyst Thomas Catherwood reiterated a Neutral rating on Highwoods Properties Inc. (NYSE: HIW).

The analyst comments "Highwoods reported 3Q24 FFO/sh of $0.90, $0.03 higher than our estimate and $0.02 higher than the Street, and raised FY 2024 FFO/sh guidance by $0.03 to $3.61 at the midpoint. Exactly one year ago (give or take) we fretted over the office demand quandary that HIW faced in its Sunbelt markets; office using job growth had been on tear for five years,... More