Highwoods Properties, Inc. (NYSE:HIW) Q1 2024 Earnings Call Transcript

Brendan Maiorana: Dylan, what I would just add to that is, I think given the kind of competitive dynamics that are in the leasing environment as it stands now, our ability to fund TIs is a benefit to us. But what we’re looking for in terms of customers and prospects to get in consideration for that is higher face rates and longer term. So I think what that’s going to do is drive — is going to keep net effectives holding up reasonably well, which is what we’ve seen generally happen. Now that might mean that there’s a little bit more upfront capital, but that secures longer lease term at attractive rate. So I don’t think you’re likely to see significant degradation in terms of net effectives, but it might mean there’s a little bit more upfront capital.

Dylan Burzinski: Great. Thanks, guys.

Operator: Thank you. We have no further questions on line. So I’d like to hand it back to Ted Klinck for some final remarks.

Ted Klinck: Thank you for everybody for joining us on the call today and thank you for your interest in Highwoods. And we look forward to talking to you next quarter, if not before. Have a great day.

Operator: Thank you for joining the Highwoods Properties Q1 2024 Earnings Call. You may now disconnect your lines and please enjoy the rest of your day.