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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Rental and other revenues $ 157,310us-gaap_RealEstateRevenueNet $ 148,453us-gaap_RealEstateRevenueNet
Operating expenses:    
Rental property and other expenses 57,513us-gaap_OperatingCostsAndExpenses 56,390us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 50,308us-gaap_DepreciationAndAmortization 48,165us-gaap_DepreciationAndAmortization
General and administrative 11,437us-gaap_GeneralAndAdministrativeExpense 10,714us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 119,258us-gaap_OperatingExpenses 115,269us-gaap_OperatingExpenses
Interest expense:    
Contractual 20,442us-gaap_InterestExpenseDebt 20,750us-gaap_InterestExpenseDebt
Amortization of deferred financing costs 800us-gaap_AmortizationOfFinancingCosts 652us-gaap_AmortizationOfFinancingCosts
Financing obligations 181hiw_InterestExpenseFinancingObligations (40)hiw_InterestExpenseFinancingObligations
Total interest expense 21,423us-gaap_InterestExpense 21,362us-gaap_InterestExpense
Other income:    
Interest and other income 1,238us-gaap_OtherNonoperatingIncome 1,399us-gaap_OtherNonoperatingIncome
Total other income 1,238us-gaap_OtherNonoperatingIncomeExpense 1,399us-gaap_OtherNonoperatingIncomeExpense
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 17,867us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 13,221us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Gains on disposition of property 1,157us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Equity in earnings/(losses) of unconsolidated affiliates 1,811us-gaap_IncomeLossFromEquityMethodInvestments (29)us-gaap_IncomeLossFromEquityMethodInvestments
Income from continuing operations 20,835us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 13,192us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations:    
Net gains on disposition of discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 384us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Total discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 384us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 20,835us-gaap_ProfitLoss 13,576us-gaap_ProfitLoss
Net (income) attributable to noncontrolling interests in the Operating Partnership (596)us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable (398)us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
Net (income) attributable to noncontrolling interests in consolidated affiliates (296)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable (423)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
Dividends on Preferred Stock (627)us-gaap_PreferredStockDividendsIncomeStatementImpact (627)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income available for common stockholders 19,316us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 12,128us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per Common Share – basic:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.21us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income available for common stockholders (in dollars per share) $ 0.21us-gaap_EarningsPerShareBasic $ 0.13us-gaap_EarningsPerShareBasic
Weighted average Common Shares outstanding - basic (in shares) 93,222us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 89,966us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Earnings per Common Share - diluted:    
Income from continuing operations available for common stockholders (in dollars per share) $ 0.21us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operations available for common stockholders (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income available for common stockholders (in dollars per share) $ 0.21us-gaap_EarningsPerShareDiluted $ 0.13us-gaap_EarningsPerShareDiluted
Weighted average Common Shares outstanding - diluted (in shares) 96,279us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1],[2] 93,030us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1],[2]
Dividends declared per Common Share (in dollars per share) $ 0.425us-gaap_CommonStockDividendsPerShareDeclared $ 0.425us-gaap_CommonStockDividendsPerShareDeclared
Net income available for common stockholders:    
Income from continuing operations available for common stockholders 19,316us-gaap_IncomeLossFromContinuingOperations 11,756us-gaap_IncomeLossFromContinuingOperations
Income from discontinued operations available for common stockholders 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 372us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income available for common stockholders 19,316us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 12,128us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Highwoods Realty Limited Partnership [Member]    
Rental and other revenues 157,310us-gaap_RealEstateRevenueNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
148,453us-gaap_RealEstateRevenueNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Operating expenses:    
Rental property and other expenses 57,513us-gaap_OperatingCostsAndExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
56,374us-gaap_OperatingCostsAndExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Depreciation and amortization 50,308us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
48,165us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
General and administrative 11,437us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
10,730us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total operating expenses 119,258us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
115,269us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest expense:    
Contractual 20,442us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
20,750us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Amortization of deferred financing costs 800us-gaap_AmortizationOfFinancingCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
652us-gaap_AmortizationOfFinancingCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Financing obligations 181hiw_InterestExpenseFinancingObligations
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(40)hiw_InterestExpenseFinancingObligations
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total interest expense 21,423us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
21,362us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other income:    
Interest and other income 1,238us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,399us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total other income 1,238us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,399us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from continuing operations before disposition of investment properties and activity in unconsolidated affiliates 17,867us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
13,221us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gains on disposition of property 1,157us-gaap_GainLossOnDispositionOfAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
0us-gaap_GainLossOnDispositionOfAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Equity in earnings/(losses) of unconsolidated affiliates 1,811us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(29)us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from continuing operations 20,835us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
13,192us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Discontinued operations:    
Net gains on disposition of discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
384us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total discontinued operations 0hiw_IncomeLossFromDiscontinuedOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
384hiw_IncomeLossFromDiscontinuedOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income 20,835us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
13,576us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net (income) attributable to noncontrolling interests in consolidated affiliates (296)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(423)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Distributions on Preferred Units (627)hiw_PreferredUnitDistributionsIncomeStatementImpact
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(627)hiw_PreferredUnitDistributionsIncomeStatementImpact
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income available for common unitholders 19,912hiw_NetIncomeLossAvailableToCommonUnitholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,526hiw_NetIncomeLossAvailableToCommonUnitholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Earnings per Common Unit - basic:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.21us-gaap_IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.13us-gaap_IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income available for common unitholders (in dollars per share) $ 0.21us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.14us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Weighted average Common Units outstanding - basic (in shares) 95,746us-gaap_WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
92,497us-gaap_WeightedAverageLimitedPartnershipAndGeneralPartnershipUnitsOutstandingBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Earnings per Common Unit - diluted:    
Income from continuing operations available for common unitholders (in dollars per share) $ 0.21us-gaap_IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.13us-gaap_IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from discontinued operations available for common unitholders (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income available for common unitholders (in dollars per share) $ 0.21us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.14us-gaap_NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Weighted average Common Units outstanding - diluted (in shares) 95,870us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[2],[3] 92,621us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[2],[3]
Distributions declared per Common Unit (in dollars per unit) $ 0.425us-gaap_DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.425us-gaap_DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income available for common unitholders:    
Income from continuing operations available for common unitholders 19,912hiw_IncomeLossFromContinuingOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,142hiw_IncomeLossFromContinuingOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from discontinued operations available for common unitholders 0hiw_IncomeLossFromDiscontinuedOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
384hiw_IncomeLossFromDiscontinuedOperationsAvailableForCommonUnitholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income available for common unitholders $ 19,912hiw_NetIncomeLossAvailableToCommonUnitholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 12,526hiw_NetIncomeLossAvailableToCommonUnitholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] There were 0.2 million and 0.3 million options outstanding during the three months ended March 31, 2015 and 2014, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
[2] Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
[3] There were 0.2 million and 0.3 million options outstanding during the three months ended March 31, 2015 and 2014, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive.