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Highwoods Properties (HIW)
NYSE:HIW
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.25Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 3.15%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong leasing activity and development pipeline progress as key highlights. However, temporary declines in NOI and occupancy, along with challenges from recent asset sales and impairment charges, pose short-term challenges.Company Guidance
During the Highwoods Properties Q4 2024 earnings call, the company provided optimistic guidance for the upcoming years, highlighting significant growth potential across several areas. They anticipate substantial upside from their core operating portfolio, with four key buildings projected to generate over $25 million in stabilized annual NOI. Additionally, their development pipeline is expected to deliver nearly $30 million in annual NOI upon stabilization. Highwoods also sees opportunities for compelling acquisitions in 2025, supported by $215 million raised through non-core dispositions and equity. For 2025, they forecast FFO of $3.26 to $3.44 per share, factoring in a short-term dilutive effect of approximately $0.10 per share from recent asset sales and equity issuance. Despite expected short-term challenges, including a projected negative 2% to 4% same property cash NOI growth, the company remains confident in its long-term trajectory, driven by strong leasing activity and strategic investments.Strong Leasing Activity
Highwoods signed 1.3 million square feet of second generation space in Q4 2024, including 370,000 square feet of new leases. For the full year, new leasing volume was 1.6 million square feet, the highest in 10 years.
Development Pipeline Progress
GlenLake Three in Raleigh and Granite Park Six in Dallas saw robust leasing activity with 142,000 square feet signed in the last quarter. These projects are expected to add nearly $10 million in annual NOI upon stabilization.
Record-Setting Lease Revenue
Highwoods signed second generation leases totaling $1 billion in cash rent for the year, a record for the company, and an additional $140 million through first generation deals.
Strategic Dispositions
Highwoods sold $166 million of non-core properties in Tampa and Raleigh, generating proceeds at a cash cap rate of 7.8% on projected 2025 NOI.
Optimistic Long-Term Outlook
Highwoods projects significant upside potential from core operating portfolio, development pipeline, and future investments, with expectations of attractive acquisition opportunities in 2025.
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HIW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HIW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $28.55 | $27.99 | -1.96% |
| Oct 22, 2024 | $34.43 | $34.58 | +0.44% |
| Jul 23, 2024 | $27.34 | $27.79 | +1.65% |
| Apr 23, 2024 | $23.73 | $24.20 | +1.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Highwoods Properties (HIW) report earnings?
Highwoods Properties (HIW) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Highwoods Properties (HIW) earnings time?
Highwoods Properties (HIW) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HIW EPS forecast?
HIW EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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