Real estate investment trust Highwoods Properties Inc. reported third quarter earnings on Tuesday that beat analyst expectations.

The company reported funds from operations of $90.9 million, or 86 cents per share, in the period. That was 1 cent better than analyst estimates.

The company’s revenue also increased 8 percent year over year to $180 million. Analysts were expecting revenue of $178.2 million.

“Our operating performance was solid during the quarter,” said CEO Ed Fritsch in a statement.

During the third quarter, Highwoods sold $93 million in noncore assets and expects to sell an additional $44 million before the end of the year in an effort to simplify its portfolio. The sale of assets is expected to impact funds from operations by 2 cents per share.

The company narrowed its fund from operation projection for 2017 to between $3.36 and $3.38 per share, compared to its previous projected range between $3.33 and $3.38 per share.

The company also paid off $125 million of a $350 million unsecured bank loan.

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

In May, 2017, the company announced it had been selected by MetLife Inc. to construct the third building of its global technology campus in Cary’s Weston planned unit development. Highwoods built MetLife’s first two campus buildings and expects the third to be completed by early 2019, with a total investment of approximately $172 million.

The company’s stock closed at $51.28 on Tuesday, down from Monday’s close of $51.92.