Highwoods Properties sees FY24 FFO $3.46-$3.64, consensus $3.58

The company said, “For 2024, the Company expects FFO per share to be in the range of $3.46 to $3.64. This outlook reflects management’s view of current and future market conditions, including assumptions such as rental rates, occupancy levels, operating and general and administrative expenses, weighted average diluted shares outstanding and interest rates. The Company’s 2024 FFO outlook does not include any effects related to potential dispositions and acquisitions that occur after the date of this release. Factors that could cause actual results to differ materially from Highwoods current expectations are discussed below and are also detailed in the Company’s 2023 Annual Report on Form 10-K and subsequent SEC reports.”