Highwoods Properties (HIW) reported Q1 funds from operations Tuesday of $0.83 per diluted share, down from $0.89 a year earlier.
Analysts polled by FactSet expected $0.81.
Revenue for the quarter ended March 31 was $200.4 million, down from $211.3 million a year earlier.
Analysts surveyed by FactSet expected $201.1 million.
For 2025, the office-focused real estate investment trust lifted its projected FFO per share to between $3.31 and $3.47, up from $3.26 to $3.44 previously.
Analysts polled by FactSet expect $3.36.
Shares of the company were up more than 1% in Tuesday's after-hours activity.
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