05:17 PM EDT, 07/23/2024 (MT Newswires) -- Highwoods Properties ( HIW ) reported Q2 funds from operations late Tuesday of $0.98 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $0.90.

Revenue in the quarter ended June 30 fell to $204.7 million from $207.3 million a year earlier.

Analysts surveyed by Capital IQ expected $210 million.

The company boosted its 2024 FFO outlook to $3.54 to $3.62 a share from $3.46 to $3.61 on April 23. Analysts surveyed by Capital IQ expect $3.56.