Exhibit 12.1

HIGHWOODS PROPERTIES, INC.

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

	Six Months Ended June 30, 2014
Earnings:
Income from continuing operations before equity in earnings of unconsolidated affiliates	$	37,066
Fixed charges	45,799
Capitalized interest	(1,503		)
Distributions of earnings from unconsolidated affiliates	1,216
Total earnings	$	82,578
Fixed charges and Preferred Stock dividends:
Contractual interest expense	$	41,390
Amortization of deferred financing costs	1,451
Financing obligations interest income	(266		)
Capitalized interest	1,503
Interest component of rental expense	1,721
Total fixed charges	45,799
Preferred Stock dividends	1,254
Total fixed charges and Preferred Stock dividends	$	47,053
Ratio of earnings to fixed charges	1.80
Ratio of earnings to combined fixed charges and Preferred Stock dividends	1.75