Highwoods Properties Q1: Green Lights All Around

Highwoods Properties delivers strong Q1 earnings, with FFO matching expectations at $0.84 per share. They leased 1.1 million square feet, saw leased rates jump 50-800 basis points, and invested $18 million in prime joint ventures. Developments like GlenLake Three and Granite Park Six came online, with progress on twenty-three Springs and Midtown East. Demand remains high in Sunbelt markets, with long-term leases and net effective rents up 9%. Highwoods maintains full-year FFO outlook, eyes $200 million in non-core sales, and has $650 million in liquidity. Theyre poised to drive shareholder value as occupancy climbs towards 87.5% by year-end. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f819c409dc868a19