Materiality pending
Public signal · 1-minute delayed
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AI summary
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HIW beat Q2 2024 FFO estimates, reporting 98 cents per share. Leasing activity improved, leading to a raised FFO outlook for 2024. Quarterly rental revenues fell 1.2%, missing estimates at $204.7 million. Interest expenses increased 5.4%, impacting overall financial performance. HIW maintains a strong balance sheet with low leverage and no debt until 2026.
- HIW beat Q2 2024 FFO estimates, reporting 98 cents per share.
- Leasing activity improved, leading to a raised FFO outlook for 2024.
- Quarterly rental revenues fell 1.2%, missing estimates at $204.7 million.
- Interest expenses increased 5.4%, impacting overall financial performance.
- HIW maintains a strong balance sheet with low leverage and no debt until 2026.
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