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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Rental and other revenues $ 185,502 $ 183,153 $ 369,307 $ 375,953
Operating expenses:        
Rental property and other expenses 56,226 55,119 112,415 117,321
Depreciation and amortization 61,949 59,461 122,876 120,611
Impairments of real estate assets 0 1,778 0 1,778
General and administrative 10,107 10,084 20,059 21,014
Total operating expenses 128,282 126,442 255,350 260,724
Interest expense 19,001 19,840 38,769 41,117
Other income 332 588 644 657
Gains on disposition of property 22,862 318 41,799 153,385
Equity in earnings of unconsolidated affiliates 431 1,179 1,068 2,142
Net income 61,844 38,956 118,699 230,296
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,624) (1,017) (3,117) (5,977)
Net (income) attributable to noncontrolling interests in consolidated affiliates (294) (289) (575) (574)
Dividends on Preferred Stock (621) (622) (1,243) (1,244)
Net income available for common stockholders $ 59,305 $ 37,028 $ 113,764 $ 222,501
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.57 $ 0.36 $ 1.09 $ 2.14
Weighted average Common Shares outstanding - basic (in shares) 104,106 103,886 104,035 103,849
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.57 $ 0.36 $ 1.09 $ 2.14
Weighted average Common Shares outstanding - diluted (in shares) 106,964 106,730 106,887 106,681
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues $ 185,502 $ 183,153 $ 369,307 $ 375,953
Operating expenses:        
Rental property and other expenses 56,226 55,119 112,415 117,321
Depreciation and amortization 61,949 59,461 122,876 120,611
Impairments of real estate assets 0 1,778 0 1,778
General and administrative 10,107 10,084 20,059 21,014
Total operating expenses 128,282 126,442 255,350 260,724
Interest expense 19,001 19,840 38,769 41,117
Other income 332 588 644 657
Gains on disposition of property 22,862 318 41,799 153,385
Equity in earnings of unconsolidated affiliates 431 1,179 1,068 2,142
Net income 61,844 38,956 118,699 230,296
Net (income) attributable to noncontrolling interests in consolidated affiliates (294) (289) (575) (574)
Distributions on Preferred Units (621) (622) (1,243) (1,244)
Net income available for common unitholders $ 60,929 $ 38,045 $ 116,881 $ 228,478
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.57 $ 0.36 $ 1.10 $ 2.15
Weighted average Common Units outstanding - basic (in shares) 106,535 106,319 106,464 106,259
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.57 $ 0.36 $ 1.10 $ 2.15
Weighted average Common Units outstanding - diluted (in shares) 106,555 106,321 106,478 106,272