Highwoods Properties Inc at NAREIT REITweek: Investor Conference Transcript
(technical difficulty) continued in the first quarter of this year. And then bottom right, net effective rents are generally holding up. I will say there's pressure. There's pressure on net effective rents, but we've generally been able to hold those up, face rents have either held up or even increased a little bit, but there's pressure on TIs and then certainly on concessions on free rent.
Page 17, our FFO outlook, it's $3.68 to $3.82 per share with a midpoint of $3.75. That's up $0.01 at the midpoint from our February outlook. Same-property NOI growth is negative 0.5% to 1%. Positive one, which is up 25 basis points at the midpoint. And our cash flow continues to strengthen as we expect, again, once the delivery of the development pipeline comes through.
We have planned dispositions that would set us up to $400 million, although at this point, it's going to be tough just given the transaction market to hit the high end. We've recently closed about $40 million of that and we expect additional dispositions
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