Highwoods Properties, Inc. (NYSE:HIW) today reported its first quarter 2024 financial and operating results. Ted Klinck, President and Chief Executive Officer, stated, “Our high-quality portfolio in the BBDs of our SunBelt markets is generating strong demand from customers and prospects. We followed strengthening leasing volume late in 2023 with robust 2nd gen new leasing of over 400,000 square feet to begin the year and 157,000 square feet of 1st gen leases. Further, we delivered healthy financial performance with FFO of $0.89 per share and positive same property cash NOI growth. We continued to improve our portfolio quality and long-term cash flow outlook by selling nearly $80 million of non-core properties in the first four months of the year. Our balance sheet is in excellent shape with no debt maturities until mid-2026, which positions us to capitalize on potential future growth opportunities.”

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