India, April 23 -- Highwoods Properties Inc. (HIW) reported that its first quarter funds from operations available for common stockholders declined to $96.0 million or $0.89 per share, from $105.7 million or $0.98 per share in the prior year.
Net income available for common stockholders was $26.1 million or $0.25 per share, compared to $43.8 million, or $0.42 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the first quarter. Analysts' estimates typically exclude special items.
Rental and other revenues for the first quarter declined to $211.28 million from $212.75 million in the prior year. Analysts expected revenue of $206.78 million for the quarter.
The c...