RALEIGH, NC—Highwoods Properties, a publicly traded REIT that boasts 32.1 million rentable square feet of office, industrial, and retail assets, has posted its first quarter earnings. Although it missed Wall Street estimates, the company reported $148.45 million in first quarter revenue.

"Our team is doing an impressive job of attracting new customers to the Highwoods portfolio, validating our concentration on high-quality, BBD-located assets,” says Ed Fritsch, president and CEO of Highwoods. “Market conditions continue to improve and we remain focused on harvesting the leasing upside of our 2013 acquisitions.”

In the first quarter, Highwoods leased 1.4 million square feet of second-generation space, including 1.2 million square feet of office space. That compares to the 2013 quarterly average of 956,000 square feet.