Highwoods Props (NYSE:HIW) Stock

Highwoods Props

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Highwoods Properties

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Vornado Realty Trust&#39;s (NYSE: VNO) second-quarter 2024 funds from operations (FFO) plus assumed conversions as adjusted per share of 57 cents surpassed the Zacks Consensus Estimate of 55 cents. However, the figure declined 20.8% year over year.

Vornado&#39;s Q2 FFO and Revenues Surpass Estimates

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Highwoods Properties (NYSE: HIW) is well-positioned to benefit from the growing demand for its premier office properties concentrated in high-growth Sun Belt markets. Its disciplined capital-recycling program and accretive development projects are other tailwinds.

Why Should You Retain Highwoods Stock in Your Portfolio?

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Pacer Benchmark Industrial Real Estate SCTR ETF

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Worst may be over for CRE assets, but full recovery is far. Market at/bottom, but rebound will take time. Some cities improving, but challenges remain.

Goldman Sachs: The Worst For Commercial Real Estate Market May Be Over, But &#39;It Is Likely To Take Longer To Inflect Positive&#39;

Highwoods Properties Inc

HIWIN TECHNOLOGIES CORP by HIWIN TECHNOLOGIES CORP.

Truist Securities analyst Michael Lewis maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Buy and lowers the price target from $33 to $32.

Price Target

Truist Securities Maintains Buy on Highwoods Props, Lowers Price Target to $32

Guidance

Highwoods Properties Sees FY25 FFO $3.26-$3.44

Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) reported quarterly earnings of $0.85 per share which met the analyst consensus estimate. This is a 14.14 percent decrease over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $205.53 million which beat the analyst consensus estimate of $204.04 million by 0.73 percent. This is a 0.64 percent decrease over sales of $206.86 million the same period last year.

Earnings Beats

Highwoods Props Q4 FFO $0.85, Inline, Sales $205.53M Beat $204.04M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Royalty Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NASDAQ">RPRX</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $743.60 million. 
• AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) is likely to report quarterly earnings at $4.26 per share on revenue of $6.81 billion. 
• Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) is estimated to report quarterly loss at $2.12 per share on revenue of $28.84 billion. 
• Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $5.20 billion. 
• DuPont de Nemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $3.07 billion. 
• BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $45.65 billion. 
• Yatra Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $15.02 million. 
• NNN REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNN#NYSE">NNN</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $217.60 million. 
• OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) is projected to report quarterly loss at $0.03 per share on revenue of $48.93 million. 
• Arvinas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) is estimated to report quarterly loss at $1.04 per share on revenue of $59.49 million. 
• Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) is expected to report quarterly loss at $0.01 per share on revenue of $26.52 million. 
• Jerash Holdings (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) is expected to report quarterly loss at $0.01 per share on revenue of $37.65 million. 
• Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $105.16 million. 
• SolarWinds (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $202.91 million. 
• Curbline Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $28.88 million. 
• IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $229.47 million. 
• LCI Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LCII#NYSE">LCII</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $799.81 million. 
• Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) is likely to report quarterly loss at $0.07 per share on revenue of $10.50 million. 
• Sunoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $5.92 billion. 
• WK Kellogg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $650.00 million. 
• Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is projected to report quarterly earnings at $1.36 per share on revenue of $2.63 billion. 
• Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) is likely to report quarterly earnings at $2.36 per share on revenue of $6.39 billion. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $217.77 million. 
• Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $2.73 billion. 
• WESCO Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) is expected to report quarterly earnings at $3.23 per share on revenue of $5.42 billion. 
• TPG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $463.18 million. 
• USA Compression Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USAC#NYSE">USAC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $242.95 million. 
• S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) is projected to report quarterly earnings at $3.41 per share on revenue of $3.46 billion. 
• Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $10.70 billion. 
• Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) is projected to report quarterly earnings at $2.27 per share on revenue of $4.13 billion. 
• Masco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $1.84 billion. 
• GLOBALFOUNDRIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $1.83 billion. 
• Ecolab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) is expected to report quarterly earnings at $1.81 per share on revenue of $4.03 billion. 
<h3>Companies Reporting After The Bell</h3>
• Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $7.15 billion. 
• Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is projected to report quarterly earnings at $1.06 per share on revenue of $129.03 million. 
• Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly loss at $1.03 per share on revenue of $2.73 billion. 
• Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is projected to report quarterly loss at $0.07 per share on revenue of $30.83 million. 
• Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $1.49 billion. 
• Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $5.78 billion. 
• Evolution Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EPM#AMEX">EPM</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $22.73 million. 
• Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) is expected to report quarterly earnings at $0.15 per share on revenue of $144.62 million. 
• Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) is projected to report quarterly loss at $0.16 per share on revenue of $6.59 million. 
• Everus Construction Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECG#NYSE">ECG</a>) is expected to report earnings for its fourth quarter. 
• United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $327.70 million. 
• Tigo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TYGO#NASDAQ">TYGO</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $15.62 million. 
• HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $28.48 million. 
• Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) is likely to report quarterly loss at $0.14 per share on revenue of $500 thousand. 
• Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) is projected to report quarterly loss at $1.38 per share on revenue of $14.11 million. 
• Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $562.72 million. 
• Forrester Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORR#NASDAQ">FORR</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $106.25 million. 
• BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $168.10 million. 
• Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) is likely to report quarterly earnings at $4.90 per share on revenue of $766.63 million. 
• Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) is likely to report quarterly earnings at $1.91 per share on revenue of $765.40 million. 
• Electromed (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ELMD#AMEX">ELMD</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $15.30 million. 
• W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $397.32 million. 
• Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $883.43 million. 
• Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $509.65 million. 
• America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $12.27 billion. 
• Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $3.13 billion. 
• Adaptive Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) is expected to report quarterly loss at $0.24 per share on revenue of $45.84 million. 
• Anterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEX#NASDAQ">ATEX</a>) is expected to report quarterly loss at $0.61 per share on revenue of $1.88 million. 
• IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $934.31 million. 
• Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $1.23 billion. 
• American Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $6.70 billion. 
• Diodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $337.10 million. 
• Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) is projected to report quarterly loss at $0.01 per share on revenue of $1.55 billion. 
• Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $532.04 million. 
• Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $533.26 million. 
• Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $417.67 million. 
• DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $85.54 million. 
• Similarweb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMWB#NYSE">SMWB</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $65.48 million. 
• OneStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $128.13 million. 
• MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $726.90 million. 
• Mirion Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MIR#NYSE">MIR</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $245.02 million. 
• Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $181.92 million. 
• Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $2.12 billion. 
• Silvercorp Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVM#AMEX">SVM</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $80.90 million. 
• Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $209.12 million. 
• Gladstone Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAD#NASDAQ">GLAD</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $24.40 million. 
• InvenTrust Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVT#NYSE">IVT</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $71.16 million. 
• Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $254.21 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $21.43 million. 
• Red Rock Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $491.36 million. 
• Assurant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>) is likely to report quarterly earnings at $3.51 per share on revenue of $3.08 billion. 
• Acadia Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKR#NYSE">AKR</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $83.33 million. 
• Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is estimated to report quarterly earnings at $4.58 per share on revenue of $2.22 billion. 
• Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $203.87 million. 
• Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $189.30 million. 
• DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.84 billion. 
• Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is projected to report quarterly earnings at $1.03 per share on revenue of $156.13 million. 
• Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $256.84 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 11, 2025

Mizuho analyst Vikram Malhotra maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Neutral and raises the price target from $24 to $29.

Mizuho Maintains Neutral on Highwoods Props, Raises Price Target to $29

Jefferies analyst Peter Abramowitz maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Hold and lowers the price target from $35 to $31.

Jefferies Maintains Hold on Highwoods Props, Lowers Price Target to $31

Wells Fargo analyst Blaine Heck maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Equal-Weight and raises the price target from $32 to $35.

Wells Fargo Maintains Equal-Weight on Highwoods Props, Raises Price Target to $35

Baird analyst David Rodgers maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Neutral and raises the price target from $30 to $32.

Baird Maintains Neutral on Highwoods Props, Raises Price Target to $32

Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.88 by 2.27 percent. The company reported quarterly sales of $204.323 million which missed the analyst consensus estimate of $204.919 million by 0.29 percent. This is a 1.34 percent decrease over sales of $207.095 million the same period last year.

Earnings Misses

Highwoods Props Q3 2024 FFO $0.90 Beats $0.88 Estimate, Sales $204.323M Miss $204.919M Estimate

Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Highwoods Props will report an earnings per share (EPS) of $0.89. 
Anticipation surrounds Highwoods Props's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 1.64% increase in the share price the next day.
Here's a look at Highwoods Props's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.90</td>
<td>0.90</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.98</td>
<td>0.89</td>
<td>0.99</td>
<td>0.93</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>2.0%</td>
<td>5.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<h3>Tracking Highwoods Props's Stock Performance</h3>
Shares of Highwoods Props were trading at $36.37 as of October 18. Over the last 52-week period, shares are up 95.45%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Highwoods Props</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Highwoods Props.
A total of 4 analyst ratings have been received for Highwoods Props, with the consensus rating being Neutral. The average one-year price target stands at $32.5, suggesting a potential 10.64% downside.
<h3>Analyzing Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of COPT Defense, Douglas Emmett and Cousins Props, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>COPT Defense received a Outperform consensus from analysts, with an average 1-year price target of $32.17, implying a potential 11.55% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Douglas Emmett, with an average 1-year price target of $16.5, suggesting a potential 54.63% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Cousins Props, with an average 1-year price target of $30.86, suggesting a potential 15.15% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for COPT Defense, Douglas Emmett and Cousins Props, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Highwoods Props</td>
<td>Neutral</td>
<td>-1.23%</td>
<td>$140.18M</td>
<td>2.64%</td>
</tr>
<tr>
<td>COPT Defense</td>
<td>Outperform</td>
<td>10.73%</td>
<td>$66.16M</td>
<td>2.36%</td>
</tr>
<tr>
<td>Douglas Emmett</td>
<td>Neutral</td>
<td>-3.01%</td>
<td>$162.67M</td>
<td>0.48%</td>
</tr>
<tr>
<td>Cousins Props</td>
<td>Outperform</td>
<td>4.24%</td>
<td>$142.34M</td>
<td>0.18%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Highwoods Props ranks in the middle for revenue growth among its peers. It is at the top for gross profit. The company is at the bottom for return on equity. Overall, Highwoods Props is positioned relatively well compared to its peers in terms of financial performance metrics.
<h3>About Highwoods Props</h3>
Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.
<h3>Key Indicators: Highwoods Props's Financial Health</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Negative Revenue Trend: Examining Highwoods Props's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -1.23% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Highwoods Props's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 30.71% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Highwoods Props's ROE excels beyond industry benchmarks, reaching 2.64%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Highwoods Props's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.05% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.34.
<a href="https://www.benzinga.com/quote/HIW/earnings">To track all earnings releases for Highwoods Props visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Highwoods Props

Highwoods Properties Says Its Buildings Have Not Sustained Any Notable Damage From Hurricane Milton

Deutsche Bank analyst Omotayo Okusanya downgrades Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) from Buy to Hold and raises the price target from $31 to $35.

Downgrades

Deutsche Bank Downgrades Highwoods Props to Hold, Raises Price Target to $35

Wells Fargo analyst Blaine Heck maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Equal-Weight and raises the price target from $22 to $32.

Wells Fargo Maintains Equal-Weight on Highwoods Props, Raises Price Target to $32

Vornado Realty Trust&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vno#NYSE">VNO</a>) second-quarter 2024 funds from operations (FFO) plus assumed conversions as adjusted per share of 57 cents surpassed the Zacks Consensus Estimate of 55 cents. However, the figure declined 20.8% year over year.
Results display better-than-anticipated top-line growth. Vornado experienced decent leasing activity, higher initial rent and lower leasing commissions in the quarter. However, the total same-store net operating income (NOI) declined year over year.
Total revenues came in at $450.3 million in the reported quarter, which beat the Zacks Consensus Estimate of $434.6 million. However, on a year-over-year basis, revenues declined nearly 4.7%.
Quarter in Detail
In the reported quarter, total same-store NOI (at share) came in at $263.8 million compared with the prior-year quarter&#39;s $289.8 million. The metric for the New York, THE MART and 555 California Street portfolios decreased 4.4%, 4.6% and 46.4%, respectively, from the prior-year period.
Operating expenses increased 3% to $229.4 million year over year. Interest expenses rose 12.9% to $98.4 million year over year.
During the quarter, in the New York office portfolio, 1,322,000 square feet of office space (598,000 square feet at share) was leased for an initial rent of $131.37 per square foot and a weighted average lease term of 9.7 years. The tenant improvements and leasing commissions were $6.54 per square foot per annum or 5% of the initial rent.
In the New York retail portfolio, 4,000 square feet were leased (all at share) at an initial rent of $301.14 per square foot and a weighted average lease term of five years. The tenant improvements and leasing commissions were $10.99 per square foot per annum or 3.6% of the initial rent.
At THE MART, 32,000 square feet of space (all at share) was leased for an initial rent of $56.39 per square foot and a weighted average lease term of 7.2 years. The tenant improvements and leasing commissions were $7.86 per square foot per annum or 13.9% of the initial rent.
Additionally, at 555 California Street, 66,000 square feet of office space (47,000 square feet at share) was leased for an initial rent of $99.14 per square foot and a weighted average lease term of 9.8 years. The tenant improvements and leasing commissions were $12.56 per square foot per annum or 12.7% of the initial rent.
Vornado ended the quarter with occupancy in the New York portfolio at 88.3%, down 180 basis points (bps) year over year. Occupancy in THE MART declined to 76.9% from 80% reported at the end of the year-ago period. However, occupancy in 555 California Street remained unchanged at 94.5%.
Portfolio Activity
During the second quarter, Vornado sold two condominium units at 220 CPS for a net amount of $31.6 million. It also sold its 49.9% interest in 50-70 West 93rd Street to its joint venture partner for a net amount of $2 million.
Balance Sheet
Vornado exited the second quarter of 2024 with cash and cash equivalents of $872.6 million, down 2.3% from $892.7 million as of Mar 31, 2024.
Vornado currently carries a Zacks Rank #4 (Sell).
Vornado Realty Trust Price, Consensus and EPS Surprise
<div class="chart_embed"><img alt="Vornado Realty Trust Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/82/1722952047.png" style="height:265px; width:583px" title="" /></div>
<div class="chart_embed">Vornado Realty Trust price-consensus-eps-surprise-chart | Vornado Realty Trust Quote</div>
Performance of Other REITs
Highwoods Properties Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hiw#NYSE">HIW</a>) reported a second-quarter 2024 FFO per share of 98 cents, which beat the Zacks Consensus Estimate of 90 cents. The figure was also higher than the prior-year quarter&#39;s 94 cents.
Quarterly results reflected a decline in rental property and other expenses year over year and improving leasing activity. However, interest expenses were up year over year. HIW raised its outlook for 2024. HIW currently carries a Zacks Rank#3 (Hold).
Cousins Properties&#39;&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) second-quarter 2024 FFO per share of 68 cents beat the Zacks Consensus Estimate of 66 cents.
Results reflected decent leasing activity and better-than-anticipated revenues. However, rental property operating and interest expenses increased year over year.CUZ also raised its 2024 outlook for FFO per share. CUZ currently carries a Zacks Rank #3.
Note:&nbsp;Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2317151/vornado-s-vno-q2-ffo-and-revenues-surpass-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2317151">To read this article on Zacks.com click here.</a>

Vornado's Q2 FFO and Revenues Surpass Estimates

Baird analyst David Rodgers maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Neutral and raises the price target from $27 to $30.

Baird Maintains Neutral on Highwoods Props, Raises Price Target to $30

Truist Securities analyst Michael Lewis maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Buy and raises the price target from $29 to $33.

Truist Securities Maintains Buy on Highwoods Props, Raises Price Target to $33

Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.90 by 8.89 percent. The company reported quarterly sales of $204.73 million which missed the analyst consensus estimate of $205.07 million by 0.16 percent. This is a 1.24 percent decrease over sales of $207.29 million the same period last year.

Highwoods Props Q2 2024 FFO $0.98 Beats $0.90 Estimate, Sales $204.73M Miss $205.07M Estimate

Highwoods Properties&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hiw#NYSE">HIW</a>) is well-positioned to benefit from the growing demand for its premier office properties concentrated in high-growth Sun Belt markets. Its disciplined capital-recycling program and accretive development projects are other tailwinds. A healthy balance sheet position augurs well for long-term growth. However, competition from other industry players and elevated interest rates pose concerns for the company.
<h3>What&#39;s Aiding HIW?</h3>
Highwoods has a large part of its portfolio concentrated in high-growth Sun Belt markets, and the company is poised to benefit from this portfolio focus. These markets exhibit promising long-term favorable demographic trends and are expected to continue experiencing above-average job growth. HIW also has a well-diversified tenant base that includes several industry bellwethers. These factors are expected to support its rent growth over the long term.
Highwoods is seeing a recovery in demand for its high-quality and well-placed office properties, as highlighted by a rebound in new leasing volume. The company leased 922,167 square feet of second-generation office space in the first quarter of 2024, including 422,889 square feet of new leases.
With the next cycle of office space demand likely to be driven by inbound migration and significant investments announced by office occupiers to expand their footprint in the Sun Belt regions, as well as additional hiring plans in the company&#39;s markets, this REIT is likely to experience healthy demand for its properties, boosting leasing activity. Also, the rise in the number of tenants returning to offices will act as a tailwind.
The company maintains a healthy balance sheet, with no consolidated debt maturities until the second quarter of 2026. As of Apr 16, 2024, it had around $17 million of available cash and $10 million drawn on its $750 million revolving credit facility.
It enjoyed investment-grade ratings of BBB/Baa2 from S&amp;P and Moody&#39;s as of the end of the first quarter of 2024, rendering it access to the debt market at favorable rates. Hence, with sound financial footing, Highwoods seems well-positioned to capitalize on long-term growth opportunities.
<h3>What&#39;s Hurting HIW?</h3>
The overall office demand in some markets is likely to remain subdued in the near term. Further, higher development activities across Highwoods&#39; markets are likely to result in new supply in the upcoming period. This is likely to affect its ability to backfill vacated space and strain occupancy levels of its office properties. Management anticipates average occupancy to lie in the range of 87-89% in 2024. It also expects that occupancy will trough in the first half of next year.
A high interest rate is another concern for HIW. Elevated rates imply high borrowing costs for the company, affecting its ability to purchase or develop real estate. As of Mar 31, 2024, it had a substantial debt burden, and its net debt was approximately $3.31 billion. With high interest rates still in place, the dividend payout may seem less attractive than the yields on fixed-income and money market accounts.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 22.0% against the&nbsp;industry&#39;s growth of 14.6%. The Zacks Consensus Estimate for Highwoods&#39; second-quarter 2024 FFO per share has decreased marginally over the past month to 90 cents. HIW is slated to release quarterly numbers on Jul 23 after the closing bell.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b2/71650.jpg?v=1189437788" />
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the broader REIT sector are&nbsp;Americold Realty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cold#NYSE">COLD</a>) and&nbsp;Stag Industrial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stag#NYSE">STAG</a>), each carrying a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Americold Realty Trust&#39;s 2024 funds from operations (FFO) per share has moved marginally northward over the past month to $1.44.
The Zacks Consensus Estimate for Stag Industrial&#39;s 2024 FFO per share has moved marginally northward over the past week to $2.39.
Note:&nbsp;Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2303585/why-should-you-retain-highwoods-hiw-stock-in-your-portfolio?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2303585">To read this article on Zacks.com click here.</a>

The worst may be over for commercial real estate (CRE) assets, yet a full recovery is still some distance away, according to a recent report from Goldman Sachs.
The analysis, shared by analyst Caitlin Burrows on Friday, indicates that while the annual decline in CRE transaction volumes has likely bottomed out, significant challenges remain for a meaningful country-wide rebound, though <a href="https://www.benzinga.com/topic/real-estate-investing">some cities are exceptions.</a>
<h1 class="wp-block-heading">CRE Market Has Bottomed, According To Goldman Sachs&#8217;s Burrows</h1>
Goldman Sachs notes that leading indicators suggest the CRE market has seen the worst of its downturn. 
Drawing comparisons to the Global Financial Crisis (GFC), Burrows explained that it took eight quarters of year-over-year declines in transaction volumes before the market saw a positive shift in the ninth quarter. Currently, the CRE market has experienced eight quarters of declines, starting from the third quarter of 2022. 
There have been some optimistic signs from leading indicators. Goldman Sachs highlighted that the OECD's U.S. Composite Business Confidence Index, which leads U.S. office leasing volumes by about two quarters, has shown steady improvement in recent months.
However, while the market may be at or near the bottom, a recovery phase akin to past cycles might still be a few quarters away.
Burrows emphasized that a positive turnaround will take more time due to persistently high interest rates and ongoing structural issues within the office segment. &#8220;It is likely to take longer to inflect positive,&#8221; she noted, pointing to the prolonged period of higher interest rates as a key factor.
<h1 class="wp-block-heading">City-Specific Market Improvements</h1>
The report also pointed to improving market conditions in major cities like New York and San Francisco. 
&#8220;Manhattan has experienced strong leasing activity,&#8221; Burrows noted. She also mentioned that San Francisco is seeing &#8220;AI-driven demand,&#8221; which could help bolster the market.
San Francisco saw a significant increase in office tour activity in May, with a 73% month-over-month and 30% year-over-year rise, primarily driven by demand from TAMI tenants (technology, advertising, media, and information).
<h1 class="wp-block-heading">But Cautious Ahead Is Still Needed</h1>
Goldman Sachs highlighted ongoing challenges for the CRE market, citing that &#8220;higher rates for longer are likely to limit the pool of transactions.&#8221; 
Bank credit to CRE continues to struggle due to already substantial exposure. The office segment remains particularly challenged, facing significant &#8220;structural headwinds.&#8221; 
Before the COVID-19 pandemic, offices accounted for about a quarter of overall CRE transaction volumes. Post-pandemic, this share has plummeted to 15%, reflecting a substantial shift in market dynamics.
Furthermore, the CRE market exhibits considerable heterogeneity, resulting in divided asset valuations. High-quality, healthy assets in favored submarkets are experiencing strong leasing momentum, positively impacting valuations. In contrast, low-quality and distressed assets continue to face pressure on valuations, reflecting ongoing market disparities.
CRE-related exchange traded funds (ETFs), such as the Pacer Industrial Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDS#NYSE">INDS</a>) and the VanEck Office And Commercial Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESK#NYSE">DESK</a>) are both down by 10% year-to-date. 
Yet, even within the troubled office CRE market some stocks have shown a strong performance with Net Lease Office Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLOP#NYSE">NLOP</a>) SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) and HIW Highwoods Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) rising 30%, 27% and 16% year to date, respectively.
Read Now: • <a href="https://www.benzinga.com/money/investing-in-commercial-real-estate">Commercial Real Estate Investing: The Ultimate Guide</a>
Photo: Shutterstock

Goldman Sachs: The Worst For Commercial Real Estate Market May Be Over, But 'It Is Likely To Take Longer To Inflect Positive'

WIIM

LAMR

Shares of REIT stocks are trading higher amid a drop in Treasury yields following soft May CPI figures.

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