HIW Earnings Prediction
The chart below shows how HIW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HIW sees a -1.74% change in stock price 10 days leading up to the earnings, and a +0.40% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
HIW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
204.32M
-1.34%
-0.20%
Gross Margin
67.84%
0.43%
-0.92%
Operating Margin
24.28%
-10.64%
-12.91%
Net Margin
7.57%
-32.35%
-76.07%
EPS
0.14
-33.33%
-76.27%
No Data Available
HIW Earnings Analysis
Highwoods Properties Inc. Corporation (HIW.N) Earnings Conference Call
Positive
Strong FFO Performance: During the third quarter, we delivered FFO of $0.90 per share and generated strong cash flows.
Strong Leasing Volumes: Our new leasing volumes have been very strong throughout this entire year, particularly in the third quarter.
Leasing Activity Surge: We signed 1.3 million square feet of new second-generation leases through the first three quarters of 2024, with our leasing rate over 300 basis points higher than our in-service occupied rate of 88%.
Development Pipeline Progress: We continue to make progress on our development pipeline, which is now 49% leased and we have a healthy pipeline of strong prospects to drive our leased rate higher.
Property Sales Update: We closed on one small non-core land sale this quarter and are marketing additional properties.
Negative
Positive Financial Performance: Our bottom line financial results this year continue to be better than we originally anticipated back in February.
Strong FFO Performance: During the quarter, we delivered FFO of $0.90 per share and generated strong cash flows.
FFO Outlook Increase: At the midpoint, our FFO outlook is up $0.06 per share since the beginning of the year, including $0.03 increase this quarter.
Strong Leasing Volumes: Our new leasing volumes have been very strong throughout this entire year, and most prominently in the third quarter, which should drive organic growth after our long telegraphed occupancy trough in early 2025.
Strong Lease Rate Growth: With 1.3 million square feet of new second-gen leases signed through the first three quarters of 2024, our lease rate is over 300 basis points higher than our in-service occupied rate of 88%, roughly 2 times our normal spread, indicating that we have a sizable pipeline of leases that have been signed but where occupancy hasn't yet commenced.
HIW FAQs
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HIW Earning Call Sentiment
Highwoods Properties, Inc. (HIW) Q3 2024 Earnings Call Transcript
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HIW.N
0.9%Positive
The earnings call summary highlights strong financial performance, with record lease revenues and increased FFO outlook, despite some operational risks. The Q&A section reveals positive sentiment towards leasing activity, particularly in key markets like Atlanta, and management's optimism for future earnings contributions. The strategic plan indicates strong leasing momentum and a healthy balance sheet. Although there are concerns about occupancy and operational risks, the raised FFO outlook and strong cash flows provide a positive outlook. Considering the market cap of approximately $2.7 billion, the stock price is likely to see a positive movement of 2% to 8%.