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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Rental and other revenues $ 117,057 $ 113,765 $ 232,036 $ 228,268
Operating expenses:        
Rental property and other expenses 41,143 38,143 82,341 79,647
Depreciation and amortization 33,430 33,260 67,147 65,898
General and administrative 7,978 6,980 15,771 15,487
Total operating expenses 82,551 78,383 165,259 161,032
Interest expense:        
Contractual 22,940 21,705 45,371 43,507
Amortization of deferred financing costs 821 835 1,642 1,670
Financing obligations 146 394 437 870
Total interest expense 23,907 22,934 47,450 46,047
Other income:        
Interest and other income 1,899 965 3,772 2,665
Loss on debt extinguishment (24) 0 (24) 0
Total other income 1,875 965 3,748 2,665
Income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates 12,474 13,413 23,075 23,854
Gains on disposition of property 200 17 200 36
Gains on disposition of for-sale residential condominiums 116 163 154 353
Gains on disposition of investment in unconsolidated affiliates 0 25,330 0 25,330
Equity in earnings of unconsolidated affiliates 1,353 888 2,820 1,683
Income from continuing operations 14,143 39,811 26,249 51,256
Discontinued operations:        
Income from discontinued operations 291 498 628 961
Net losses on disposition of discontinued operations 0 (260) 0 (86)
Total discontinued operations 291 238 628 875
Net income 14,434 40,049 26,877 52,131
Net (income) attributable to noncontrolling interests in the Operating Partnership (623) (1,933) (1,130) (2,453)
Net (income) attributable to noncontrolling interests in consolidated affiliates (182) (215) (305) (429)
Dividends on Preferred Stock (1,622) (1,677) (3,299) (3,354)
Excess of Preferred Stock redemption/repurchase cost over carrying value (1,895) 0 (1,895) 0
Net income available for common stockholders 10,112 36,224 20,248 45,895
Earnings per Common Share - basic:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.14 $ 0.51 $ 0.27 $ 0.63
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.01
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.51 $ 0.28 $ 0.64
Weighted average Common Shares outstanding - basic (in shares) 72,211 71,601 72,015 71,508
Earnings per Common Share - diluted:        
Income from continuing operations available for common stockholders (in dollars per share) $ 0.14 $ 0.50 $ 0.27 $ 0.63
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.01
Net income available for common stockholders (in dollars per share) $ 0.14 $ 0.50 $ 0.28 $ 0.64
Weighted average Common Shares outstanding - diluted (in shares) 76,197 [1] 75,607 [1] 75,987 [1] 75,504 [1]
Dividends declared per Common Share (in dollars per share) $ 0.425 $ 0.425 $ 0.850 $ 0.850
Net income available for common stockholders:        
Income from continuing operations available for common stockholders 9,836 35,998 19,652 45,064
Income from discontinued operations available for common stockholders 276 226 596 831
Net income available for common stockholders 10,112 36,224 20,248 45,895
Highwoods Realty Limited Partnership [Member]
       
Rental and other revenues 117,057 113,765 232,036 228,268
Operating expenses:        
Rental property and other expenses 41,080 38,253 82,427 79,437
Depreciation and amortization 33,430 33,260 67,147 65,898
General and administrative 8,041 6,870 15,685 15,697
Total operating expenses 82,551 78,383 165,259 161,032
Interest expense:        
Contractual 22,940 21,705 45,371 43,507
Amortization of deferred financing costs 821 835 1,642 1,670
Financing obligations 146 394 437 870
Total interest expense 23,907 22,934 47,450 46,047
Other income:        
Interest and other income 1,899 965 3,772 2,665
Loss on debt extinguishment (24) 0 (24) 0
Total other income 1,875 965 3,748 2,665
Income from continuing operations before disposition of property, condominiums and investment in unconsolidated affiliates and equity in earnings of unconsolidated affiliates 12,474 13,413 23,075 23,854
Gains on disposition of property 200 17 200 36
Gains on disposition of for-sale residential condominiums 116 163 154 353
Gains on disposition of investment in unconsolidated affiliates 0 25,330 0 25,330
Equity in earnings of unconsolidated affiliates 1,357 871 2,832 1,672
Income from continuing operations 14,147 39,794 26,261 51,245
Discontinued operations:        
Income from discontinued operations 291 498 628 961
Net losses on disposition of discontinued operations 0 (260) 0 (86)
Total discontinued operations 291 238 628 875
Net income 14,438 40,032 26,889 52,120
Net (income) attributable to noncontrolling interests in consolidated affiliates (182) (215) (305) (429)
Distributions on Preferred Units (1,622) (1,677) (3,299) (3,354)
Excess of Preferred Unit redemption/repurchase cost over carrying value (1,895) 0 (1,895) 0
Net income available for common unitholders 10,739 38,140 21,390 48,337
Earnings per Common Unit - basic:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.14 $ 0.51 $ 0.27 $ 0.64
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.01
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.51 $ 0.28 $ 0.65
Weighted average Common Units outstanding - basic (in shares) 75,586 74,989 75,393 74,907
Earnings per Common Unit - diluted:        
Income from continuing operations available for common unitholders (in dollars per share) $ 0.14 $ 0.51 $ 0.27 $ 0.64
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.00 $ 0.00 $ 0.01 $ 0.00
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.51 $ 0.28 $ 0.64
Weighted average Common Units outstanding - diluted (in shares) 75,788 75,198 75,578 75,095
Distributions declared per Common Unit (in dollars per share) $ 0.425 $ 0.425 $ 0.850 $ 0.850
Net income available for common unitholders:        
Income from continuing operations available for common unitholders 10,448 37,902 20,762 47,462
Income from discontinued operations available for common unitholders 291 238 628 875
Net income available for common unitholders $ 10,739 $ 38,140 $ 21,390 $ 48,337
[1] There were 0.3 million and 0.6 million options outstanding during the three and six months ended June 30, 2011 and 2010, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.