Highwoods Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:04 pm EDT
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Highwoods Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 207.1 million compared to USD 207 million a year ago. Net income was USD 22.72 million compared to USD 38.87 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.36 a year ago.
For the nine months, sales was USD 627.14 million compared to USD 617.22 million a year ago. Net income was USD 110.1 million compared to USD 130.89 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 1.23 a year ago.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.
HIGHWOODS PROPERTIES, INC. 
