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Highwoods Properties (HIW) Reports Q4 Earnings: What Key Metrics Have to Say
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Highwoods Properties (HIW - Free Report) reported $206.86 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.3%. EPS of $0.99 for the same period compares to $0.26 a year ago.
The reported revenue represents a surprise of -0.22% over the Zacks Consensus Estimate of $207.31 million. With the consensus EPS estimate being $0.91, the EPS surprise was +8.79%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Highwoods Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Occupancy: 88.8% compared to the 88.7% average estimate based on two analysts.
Rental and other revenues- Lease termination fees, net: $0.49 million compared to the $0.33 million average estimate based on two analysts. The reported number represents a change of +109% year over year.
Rental and other revenues- Contractual rents, net: $175.89 million versus $174.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
Rental and other revenues- Other miscellaneous operating revenues: $9.99 million versus the two-analyst average estimate of $10.08 million. The reported number represents a year-over-year change of -1.9%.
Rental and other revenues- Cost recoveries billed under lease arrangements, net: $17.01 million compared to the $16.80 million average estimate based on two analysts. The reported number represents a change of +1.7% year over year.
Rental and other revenues- Straight-line rental income, net: $3.48 million versus the two-analyst average estimate of $4.88 million. The reported number represents a year-over-year change of -61.9%.
Net Earnings Per Share (Diluted): $0.36 versus the four-analyst average estimate of $0.19.
Shares of Highwoods Properties have returned -7.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Highwoods Properties (HIW) Reports Q4 Earnings: What Key Metrics Have to Say
Highwoods Properties (HIW - Free Report) reported $206.86 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.3%. EPS of $0.99 for the same period compares to $0.26 a year ago.
The reported revenue represents a surprise of -0.22% over the Zacks Consensus Estimate of $207.31 million. With the consensus EPS estimate being $0.91, the EPS surprise was +8.79%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Highwoods Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Occupancy: 88.8% compared to the 88.7% average estimate based on two analysts.
- Rental and other revenues- Lease termination fees, net: $0.49 million compared to the $0.33 million average estimate based on two analysts. The reported number represents a change of +109% year over year.
- Rental and other revenues- Contractual rents, net: $175.89 million versus $174.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
- Rental and other revenues- Other miscellaneous operating revenues: $9.99 million versus the two-analyst average estimate of $10.08 million. The reported number represents a year-over-year change of -1.9%.
- Rental and other revenues- Cost recoveries billed under lease arrangements, net: $17.01 million compared to the $16.80 million average estimate based on two analysts. The reported number represents a change of +1.7% year over year.
- Rental and other revenues- Straight-line rental income, net: $3.48 million versus the two-analyst average estimate of $4.88 million. The reported number represents a year-over-year change of -61.9%.
- Net Earnings Per Share (Diluted): $0.36 versus the four-analyst average estimate of $0.19.
View all Key Company Metrics for Highwoods Properties here>>>Shares of Highwoods Properties have returned -7.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.