Highwoods Properties Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Highwoods Properties Inc. (HIW) reported fourth-quarter net income available for stockholders of $29.7 million, or $0.33 per share. Net income for the fourth quarter of prior year was $14.1 million, or $0.18 per share. Funds from operations available for stockholders was $68.9 million, or $0.74 per share, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.73 for the quarter. Analysts' estimates typically exclude special items.

Rental and other revenues increased year-over-year to $148.988 million, from $126.316 million. Analysts expected revenue of $149.84 million for the quarter.

The company provided its 2014 FFO outlook of $2.82 to $2.94 per share. Analysts expect the company to report full year 2014 profit per share of $2.89.