NYSE:HIWOffice REITs
Highwoods Properties (HIW) Margin Miss Reinforces Bearish Narratives as One-Off Gain Skews Results
Highwoods Properties (HIW) saw its net profit margin slide from 17.1% to 15.4% in the most recent results, while earnings have declined by 21% per year over the last five years. Looking ahead, revenue is forecast to grow at just 3.4% a year, trailing the broader US market rate of 10.2%. Earnings are expected to continue declining at a 21% annual pace over the next three years. A notable one-off gain of $58.7 million skewed the latest figures; however, the underlying numbers point to ongoing...