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Highwoods Properties updates FY'19 FFO-per-share guidance with Q3 results

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Highwoods Properties updates FY'19 FFO-per-share guidance with Q3 results

Highwoods Properties Inc. updated its guidance for full-year 2019 funds from operations per share to a range of $3.31 to $3.33 from an earlier range of $3.32 to $3.38.

The S&P Global Market Intelligence consensus FFO-per-share estimate for 2019 is $3.35.

In detailing its third-quarter results, the office real estate investment trust said it sold a noncore 42,000-square-foot office property in Raleigh, N.C., for $5 million, as well as $10 million of noncore land.