- Highwoods Properties reported Funds From Operations (FFO) per share at 90 cents, beating the market estimate of 88 cents.
- The FFO per share saw a slight decrease from last year’s 93 cents.
- The company generated $204.3 million in rental and other revenues, slightly below the $205 million estimate, marking a 1.3% decline year-over-year.
- Occupancy rate reported at 88%, slightly down from the previous year’s 88.6% and very close to the estimated 88.1%.
- Analysts’ recommendations for Highwoods include 2 buy ratings, 7 holds, and 1 sell.
A look at Highwoods Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Highwoods Properties, Inc., known for its focus on suburban office and industrial properties, has received a strong overall outlook based on Smartkarma Smart Scores. The company excels in providing dividends with a top score of 5 and boasts a commendable value rating of 4, indicating solid long-term prospects. Its momentum score of 5 suggests a positive trend in the market. However, the growth score of 3 and resilience score of 2 indicate areas where the company may need to strengthen its position to ensure sustained success.
In the real estate sector, Highwoods Properties stands out for its robust dividend offerings and competitive value proposition. Despite facing challenges in terms of growth and resilience, the company’s consistent dividend performance and strong momentum signal promising prospects for investors seeking stable returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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