Highwoods Properties reports Q1 FFO 89c, consensus 90c

Reports Q1 revenue $211.28M, consensus $206.95M. Ted Klinck, President and CEO, stated, “Our high-quality portfolio in the BBDs of our SunBelt markets is generating strong demand from customers and prospects. We followed strengthening leasing volume late in 2023 with robust 2nd gen new leasing of over 400,000 square feet to begin the year and 157,000 square feet of 1st gen leases. Further, we delivered healthy financial performance with FFO of $0.89 per share and positive same property cash NOI growth.”