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Highwoods Properties Inc.

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Highwoods reported third-quarter 2015 funds from operations (“FFO”) of $0.77 per share, which came in line with the Zacks Consensus Estimate. However, the bottom line improved $0.07 year over year. Results reflected strong same-property NOI and occupancy growth. A large part of Highwoods’ assets is located in the high-growth Sun Belt areas, which have favorable demographic trends. Further, a robust balance sheet, diversified portfolio, disposition of non-core assets and investment of proceeds in core properties bode well for the company in the long term. Yet, operational risks associated with a large development pipeline and an anticipated rise in interest rate in the coming months remain as concerns.


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