Highwoods Properties Upgraded Despite Q3 Earnings Miss As Sunbelt Office Portfolio Shines

What happened: Highwoods Properties was upgraded despite missing Q3 FFO estimates, with its Sunbelt office portfolio cited as a strength. Why it matters: The upgrade indicates the quality of the Sunbelt office portfolio is seen as offsetting the earnings miss, even as the office REIT sector faces concerns. Key numbers: Q3 FFO came in below estimates.

Highwoods Properties was upgraded despite missing Q3 FFO estimates, with its Sunbelt office portfolio cited as a strength.

The upgrade indicates the quality of the Sunbelt office portfolio is seen as offsetting the earnings miss, even as the office REIT sector faces concerns. Key numbers: Q3 FFO came in below estimates.