Highwoods Properties Inc. reported third quarter earnings of 82 cents per share, a penny higher than Wall Street projections, according to a filing with the Securities and Exchange Commission.

The real-estate investment trust’s earnings were 4 cents higher than the same quarter a year ago and beat Thomson Reuters’ consensus estimate of 81 cents per share.

However, earnings of $166.29 million during the quarter fell short of analyst expectations of $169.05 million, despite being up 10.3 percent compared to the same quarter last year.

Highwoods also had a return on equity of 5.22 percent and a net margin of 78.77 percent, according to the Oct. 25 filing, which can be found here.

The company, headquartered in Raleigh, is a publicly-traded REIT and a member of the S&P MidCap 400 Index.

Its shares traded down on Tuesday, closing at $49.69 per share, 47 cents, or 0.93 percent, lower than the opening price of $50.16 per share.

Highwoods owns, develops, acquires, leases and manages properties primarily in the best business districts of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.