Exhibit 12.1

HIGHWOODS PROPERTIES, INC.

RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

	Three Months Ended March 31, 2014
Earnings:
Income from continuing operations before equity in earnings/(losses) of unconsolidated affiliates	$	13,221
Fixed charges	22,795
Capitalized interest	(566		)
Distributions of earnings from unconsolidated affiliates	788
Total earnings	$	36,238
Fixed charges and Preferred Stock dividends:
Contractual interest expense	$	20,750
Amortization of deferred financing costs	652
Financing obligations interest income	(40		)
Capitalized interest	566
Interest component of rental expense	867
Total fixed charges	22,795
Preferred Stock dividends	627
Total fixed charges and Preferred Stock dividends	$	23,422
Ratio of earnings to fixed charges	1.59
Ratio of earnings to combined fixed charges and Preferred Stock dividends	1.55