Highwoods Properties Inc., which owns the Country Club Plaza, on Tuesday reported a smaller second-quarter profit despite a sharp rise in revenue.
The Raleigh, N.C., company said earnings fell to $22.7 million in the three months that ended June 30. That’s down from earnings of $27.5 million in the second quarter last year.
Rental income and other revenue climbed to $152.72 million during the quarter from $132.61 million in the 2013 second quarter.
| The Star