Highwoods Properties Inc

Highwoods Properties reported quarterly funds from operations of $0.9 per share, beating the Zacks Consensus Estimate of $0.86 per share and marking a surprise of plus 4.65 percent. Revenue for the quarter ended June 2026 came in at $216.38 million, surpassing the consensus estimate by 2.57 percent and up from $200.6 million a year ago. The company has topped consensus FFO estimates twice in the last four quarters and revenue estimates twice over the same period. Shares have gained about 31.1 percent year to date, outpacing the S&P 500's 8.3 percent advance. The current Zacks Rank for the stock is 3, or Hold, with consensus FFO estimates of $0.89 for the coming quarter and $3.53 for the current fiscal year.

Highwoods Properties announced its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended June 30, 2026, which equates to an annualized dividend of $2.00 per share. The quarterly dividend is payable on September 9, 2026 to holders of record as of August 17, 2026. The Board also declared a cash dividend of $21.5625 per share on its 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on August 31, 2026 to holders of record as of August 17, 2026.