03:48 AM EDT, 04/30/2025 (MT Newswires) -- 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.