Exhibit 12.1

HIGHWOODS PROPERTIES, INC.

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

	Nine Months Ended September 30, 2012
Earnings:
Income from continuing operations before equity in earnings of unconsolidated affiliates	$	32,439
Fixed charges	74,388
Capitalized interest	(666		)
Distributions of earnings from unconsolidated affiliates	3,249
Total earnings	$	109,410
Fixed charges and Preferred Stock dividends:
Contractual interest expense	$	70,309
Amortization of deferred financing costs	2,709
Financing obligations interest expense	(357		)
Capitalized interest	666
Interest component of rental expense	1,061
Total fixed charges	74,388
Preferred Stock dividends	1,881
Total fixed charges and Preferred Stock dividends	$	76,269
Ratio of earnings to fixed charges	1.47
Ratio of earnings to combined fixed charges and Preferred Stock dividends	1.43