Highwoods Properties, Inc. (HIW) Tuesday reported second-quarter net income of $62.9 million or $0.59 per share, compared to $42.3 million or $0.40 per share last year.
Funds from operations was $105.9 million, or $0.98 per share for the second quarter, compared to $101.0 million or $0.94 per share last year.
Rental revenues for the quarter were $204.7 million, compared to $207.3 million last year.
Analysts polled by Thomson Reuters expected earnings of $0.27 per share on revenues of $205.07 million.
Looking forward, the company updated its full year 2024 FFO outlook to $3.54 to $3.62 per share, which compares to the prior range of $3.46 to $3.61 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.