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Highwoods Reaffirms Guidance

Stock quotes in this article: HIW  

Highwoods Properties(HIW Quote), a real estate investment trust, said Monday the total occupancy in its wholly-owned portfolio increased 400 basis points to 88.1% at the end of second quarter.

Occupancy in the company's office portfolio, which contributes 82% of annual revenue, increased 360 basis points.

The company reaffirmed its guidance for 2006 FFO of $2.28 a share to $2.42 a share. Analysts polled by Thomson First Call are expecting FFO of $2.33 a share for 2006. ...

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