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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Rental and other revenues $ 195,495 $ 181,043 $ 564,802 $ 556,996
Operating expenses:        
Rental property and other expenses 60,567 56,892 172,982 174,213
Depreciation and amortization 66,547 60,303 189,423 180,914
Impairments of real estate assets 0 0 0 1,778
General and administrative 10,350 9,155 30,409 30,169
Total operating expenses 137,464 126,350 392,814 387,074
Interest expense 21,986 19,886 60,755 61,003
Other income/(loss) 424 (3,311) 1,068 (2,654)
Gains on disposition of property 38,572 10,012 80,371 163,397
Equity in earnings of unconsolidated affiliates 546 823 1,614 2,965
Net income 75,587 42,331 194,286 272,627
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,967) (1,107) (5,084) (7,084)
Net (income) attributable to noncontrolling interests in consolidated affiliates (894) (298) (1,469) (872)
Dividends on Preferred Stock (621) (622) (1,864) (1,866)
Net income available for common stockholders $ 72,105 $ 40,304 $ 185,869 $ 262,805
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.69 $ 0.39 $ 1.79 $ 2.53
Weighted average Common Shares outstanding - basic (in shares) 104,277 103,896 104,117 103,865
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.69 $ 0.39 $ 1.79 $ 2.53
Weighted average Common Shares outstanding - diluted (in shares) 107,139 106,740 106,972 106,702
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues $ 195,495 $ 181,043 $ 564,802 $ 556,996
Operating expenses:        
Rental property and other expenses 60,567 56,892 172,982 174,213
Depreciation and amortization 66,547 60,303 189,423 180,914
Impairments of real estate assets 0 0 0 1,778
General and administrative 10,350 9,155 30,409 30,169
Total operating expenses 137,464 126,350 392,814 387,074
Interest expense 21,986 19,886 60,755 61,003
Other income/(loss) 424 (3,311) 1,068 (2,654)
Gains on disposition of property 38,572 10,012 80,371 163,397
Equity in earnings of unconsolidated affiliates 546 823 1,614 2,965
Net income 75,587 42,331 194,286 272,627
Net (income) attributable to noncontrolling interests in consolidated affiliates (894) (298) (1,469) (872)
Distributions on Preferred Units (621) (622) (1,864) (1,866)
Net income available for common unitholders $ 74,072 $ 41,411 $ 190,953 $ 269,889
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.69 $ 0.39 $ 1.79 $ 2.54
Weighted average Common Units outstanding - basic (in shares) 106,705 106,329 106,546 106,283
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.69 $ 0.39 $ 1.79 $ 2.54
Weighted average Common Units outstanding - diluted (in shares) 106,730 106,331 106,563 106,293