NYSE$HIW
Highwoods Properties Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Highwoods Properties reported a net loss of $3.7 million ($0.03 per share) for Q4 2024, while funds from operations (FFO) were $92.2 million ($0.85 per share). The company signed 1.3M SF of second-generation leases, including 370,000 SF of new leases. Occupancy stood at 87.1%, with an in-service leased rate of 89.9%. The company also sold $166M in non-core properties and maintained liquidity exceeding $900M.
Headline financials
Revenue & EPS history
Highwoods · Revenue · Quarterly
$206M
Forward guidance
Highwoods expects FFO per share in 2025 to range from $3.26 to $3.44, assuming a $0.10 per share dilutive impact from recent investments and financing activities.
Tailwinds
- Projected 2025 FFO per share between $3.26 and $3.44.
- Liquidity remains strong with over $900M available.
- Expected lease-up of core properties with below-potential occupancy.
- Development pipeline valued at $514M with 59% pre-leased.
- Strong potential for future investments with strategic capital deployment.
Headwinds
- Projected 2025 same property cash NOI growth ranges from -4.0% to -2.0%.
- Dispositions of non-core assets expected to lower FFO by $0.10 per share.
- Average occupancy expected to range between 85.0% and 86.5%.
- Straight-line rental income expected between $12M and $16M.
- G&A expenses projected to be between $39M and $41M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.3%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+8.7%
Q1 2020
Best reaction
-10.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | -1.8% | +4.8% | |
| Q4 2025 | -10.2% | -11.0% | -17.5% | |
| Q3 2025 | -3.5% | -3.4% | -5.8% | |
| Q2 2025 | -4.0% | -5.9% | +4.2% | |
| Q1 2025 | +2.6% | +5.3% | +7.1% | |
| Q4 2024 | -2.0% | +0.4% | -3.0% | |
| Q3 2024 | +0.5% | -2.1% | -10.4% | |
| Q2 2024 | +3.7% | +8.8% | +11.0% | |
| Q1 2024 | +4.8% | +3.9% | +2.5% | |
| Q4 2023 | +4.1% | +9.7% | +12.5% | |
| Q3 2023 | -4.0% | -2.6% | -1.0% | |
| Q2 2023 | -0.0% | -1.1% | -10.1% | |
| Q1 2023 | -1.9% | +0.5% | -11.1% | |
| Q4 2022 | -1.0% | -1.0% | -15.9% | |
| Q3 2022 | +6.4% | +8.1% | +10.0% | |
| Q2 2022 | -1.4% | +1.5% | -8.3% | |
| Q1 2022 | -3.4% | -7.1% | -12.3% | |
| Q4 2021 | -1.6% | -1.1% | +4.5% | |
| Q3 2021 | -2.3% | -2.4% | +1.0% | |
| Q2 2021 | +1.1% | +1.4% | -4.2% | |
| Q1 2021 | +2.1% | +2.4% | +4.0% | |
| Q4 2020 | -1.9% | -2.5% | +4.1% | |
| Q3 2020 | -8.6% | -8.4% | +20.4% | |
| Q2 2020 | +6.5% | +3.6% | +2.1% | |
| Q1 2020 | +8.7% | -0.1% | +4.7% | |
| Q4 2019 | +2.5% | +2.6% | -5.1% | |
| Q3 2019 | +0.4% | +3.0% | +4.8% | |
| Q2 2019 | +4.8% | +6.5% | +3.4% | |
| Q1 2019 | +0.2% | +1.0% | -0.7% | |
| Q4 2018 | +1.2% | +3.2% | -1.0% | |
| Q3 2018 | -0.9% | -2.2% | -2.8% | |
| Q2 2018 | -0.6% | -2.5% | -0.7% | |
| Q1 2018 | +2.1% | +5.3% | +9.8% | |
| Q4 2017 | -2.1% | -3.6% | -2.9% | |
| Q3 2017 | -0.6% | -1.2% | -1.4% | |
| Q2 2017 | +2.2% | +2.0% | +1.9% | |
| Q1 2017 | +0.4% | -0.7% | -0.0% | |
| Q4 2016 | -0.5% | +0.4% | -1.6% | |
| Q3 2016 | -1.8% | -2.9% | -5.3% | |
| Q2 2016 | -0.9% | -2.0% | -4.8% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | -0.1% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | +0.7% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.2% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | +3.8% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q1 2010 | -1.3% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q4 2008 | +1.1% | — | — | |
| Q3 2009 | -3.0% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q2 2010 | +3.4% | — | — | |
| Q2 2009 | +3.4% | — | — | |
| Q4 2009 | +3.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro