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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Rental and other revenues $ 177,283 $ 166,860 $ 346,691 $ 331,719
Operating expenses:        
Rental property and other expenses 58,854 57,515 116,250 115,095
Depreciation and amortization 55,816 55,317 111,961 108,811
General and administrative 9,050 8,327 20,540 19,464
Total operating expenses 123,720 121,159 248,751 243,370
Interest expense:        
Contractual 15,345 18,674 32,368 38,389
Amortization of debt issuance costs 809 811 1,649 1,801
Total interest expense 16,154 19,485 34,017 40,190
Other income:        
Interest and other income 564 534 1,248 1,051
Gains on debt extinguishment 826 0 826 0
Total other income 1,390 534 2,074 1,051
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 38,799 26,750 65,997 49,210
Gains on disposition of property 0 5,861 5,332 10,258
Equity in earnings of unconsolidated affiliates 755 917 1,710 2,202
Income from continuing operations 39,554 33,528 73,039 61,670
Discontinued operations:        
Income from discontinued operations 0 0 0 4,097
Net gains on disposition of discontinued operations 0 0 0 414,496
Total income from discontinued operations 0 0 0 418,593
Net income 39,554 33,528 73,039 480,263
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,043) (939) (1,931) (13,950)
Net (income) attributable to noncontrolling interests in consolidated affiliates (299) (314) (599) (622)
Dividends on Preferred Stock (623) (627) (1,246) (1,253)
Net income available for common stockholders $ 37,589 $ 31,648 $ 69,263 $ 464,438
Earnings per Common Share – basic:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.37 $ 0.32 $ 0.68 $ 0.60
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.00 0.00 4.19
Net income available for common stockholders (in dollars per share) $ 0.37 $ 0.32 $ 0.68 $ 4.79
Weighted average Common Shares outstanding - basic (in shares) 102,475 97,648 102,109 97,010
Earnings per Common Share - diluted:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.37 $ 0.32 $ 0.68 $ 0.60
Income from discontinued operations available for common stockholders (in dollars per share) 0.00 0.00 0.00 4.18
Net income available for common stockholders (in dollars per share) $ 0.37 $ 0.32 $ 0.68 $ 4.78
Weighted average Common Shares outstanding - diluted (in shares) 105,386 100,628 105,026 99,992
Dividends declared per Common Share (in dollars per share) $ 0.440 $ 0.425 $ 0.88 $ 0.850
Net income available for common stockholders:        
Income from continuing operations available for common stockholders $ 37,589 $ 31,648 $ 69,263 $ 58,110
Income from discontinued operations available for common stockholders 0 0 0 406,328
Net income available for common stockholders 37,589 31,648 69,263 464,438
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues 177,283 166,860 346,691 331,719
Operating expenses:        
Rental property and other expenses 58,854 57,515 116,250 115,095
Depreciation and amortization 55,816 55,317 111,961 108,811
General and administrative 9,050 8,327 20,540 19,464
Total operating expenses 123,720 121,159 248,751 243,370
Interest expense:        
Contractual 15,345 18,674 32,368 38,389
Amortization of debt issuance costs 809 811 1,649 1,801
Total interest expense 16,154 19,485 34,017 40,190
Other income:        
Interest and other income 564 534 1,248 1,051
Gains on debt extinguishment 826 0 826 0
Total other income 1,390 534 2,074 1,051
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 38,799 26,750 65,997 49,210
Gains on disposition of property 0 5,861 5,332 10,258
Equity in earnings of unconsolidated affiliates 755 917 1,710 2,202
Income from continuing operations 39,554 33,528 73,039 61,670
Discontinued operations:        
Income from discontinued operations 0 0 0 4,097
Net gains on disposition of discontinued operations 0 0 0 414,496
Total income from discontinued operations 0 0 0 418,593
Net income 39,554 33,528 73,039 480,263
Net (income) attributable to noncontrolling interests in consolidated affiliates (299) (314) (599) (622)
Distributions on Preferred Units (623) (627) (1,246) (1,253)
Net income available for common unitholders $ 38,632 $ 32,587 $ 71,194 $ 478,388
Earnings per Common Unit - basic:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.37 $ 0.33 $ 0.68 $ 0.60
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.00 0.00 4.21
Net income available for common unitholders (in dollars per share) $ 0.37 $ 0.33 $ 0.68 $ 4.81
Weighted average Common Units outstanding - basic (in shares) 104,900 100,129 104,536 99,496
Earnings per Common Unit - diluted:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.37 $ 0.33 $ 0.68 $ 0.60
Income from discontinued operations available for common unitholders (in dollars per share) 0.00 0.00 0.00 4.20
Net income available for common unitholders (in dollars per share) $ 0.37 $ 0.33 $ 0.68 $ 4.80
Weighted average Common Units outstanding - diluted (in shares) 104,977 100,219 104,617 99,583
Distributions declared per Common Unit (in dollars per unit) $ 0.44 $ 0.425 $ 0.88 $ 0.850
Net income available for common unitholders:        
Income from continuing operations available for common unitholders $ 38,632 $ 32,587 $ 71,194 $ 59,795
Income from discontinued operations available for common unitholders 0 0 0 418,593
Net income available for common unitholders $ 38,632 $ 32,587 $ 71,194 $ 478,388