Highwoods Properties, Inc. (NYSE:HIW) Q4 2023 Earnings Conference Call February 7, 2024 11:00 AM ET

Company Participants

Hannah True - Investor Relations

Ted Klinck - Chief Executive Officer

Brian Leary - Chief Operating Officer

Brendan Maiorana - Chief Financial Officer

Conference Call Participants

Blaine Heck - Wells Fargo

Michael Griffin - Citi

Nick Joseph - Citi

Rob Stevenson - Janney

Nick Thillman - Robert W. Baird

Camille Bonnel - Bank of America

Ronald Kamdem - Morgan Stanley

Georgi Dinkov - Mizuho

Dylan Burzinski - Green Street

Peter Abramowitz - Jefferies

Omotayo Okusanya - Deutsche Bank

Operator

Hello, everyone, and welcome to the Highwoods Properties Fourth Quarter 2023 Earnings Call. My name is Pruno, and I'll be operating your call today. [Operator Instructions].

I will now hand over to your host, Hannah True. Please go ahead.

Hannah True

Thank you, operator, and good morning, everyone. Joining me on the call this morning are Ted Klinck, our Chief Executive Officer; Brian Leary, our Chief Operating Officer; and Brendan Maiorana, our Chief Financial Officer.

For your convenience, today's prepared remarks have been posted on the web. If you have not received yesterday's earnings release or supplemental, they're both available on the Investors section of our website at highwoods.com.

On today's call, our review will include non-GAAP measures such as FFO, NOI and EBITDAre. The release and supplemental include a reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures.

Forward-looking statements made during today's call are subject to risks and uncertainties. These risks and uncertainties are discussed at link in our press releases as well as our SEC filings. As you know, actual events and results can differ materially from these forward-looking statements, and the company does not undertake a duty to update any forward-looking statements.

With that, I'll turn the call over to Ted.

Ted Klinck

Thanks, Hannah, and good morning, everyone. Before I talk about our solid financial and operating results for 2023, let me start by first outlining our strategic priorities for the next several years.

First, we will continue to improve the quality of our portfolio. We are laser focused on owning a portfolio that is resilient throughout all business cycles, well positioned to attract, retain and return our customers' most valuable resource, their employees, to their workplaces. We do this by developing best-in-class properties acquiring high-quality assets with attractive risk-adjusted returns, redeveloping and repositioning well-located properties where substantial upside exists and selling buildings that no longer meet our criteria.