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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Rental and other revenues $ 178,792 $ 177,283 $ 359,230 $ 346,691
Operating expenses:        
Rental property and other expenses 59,663 58,854 119,095 116,250
Depreciation and amortization 56,694 55,816 114,262 111,961
General and administrative 9,540 9,050 21,318 20,540
Total operating expenses 125,897 123,720 254,675 248,751
Interest expense:        
Contractual 17,155 15,345 34,860 32,368
Amortization of debt issuance costs 722 809 1,408 1,649
Total interest expense 17,877 16,154 36,268 34,017
Other income:        
Interest and other income 462 564 917 1,248
Gains on debt extinguishment 0 826 0 826
Total other income 462 1,390 917 2,074
Income before disposition of investment properties and activity in unconsolidated affiliates 35,480 38,799 69,204 65,997
Gains on disposition of property 16,972 0 16,972 5,332
Equity in earnings of unconsolidated affiliates 546 755 1,068 1,710
Net income 52,998 39,554 87,244 73,039
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,381) (1,043) (2,269) (1,931)
Net (income) attributable to noncontrolling interests in consolidated affiliates (308) (299) (594) (599)
Dividends on Preferred Stock (623) (623) (1,246) (1,246)
Net income available for common stockholders $ 50,686 $ 37,589 $ 83,135 $ 69,263
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.49 $ 0.37 $ 0.80 $ 0.68
Weighted average Common Shares outstanding - basic (in shares) 103,428 102,475 103,376 102,109
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.49 $ 0.37 $ 0.80 $ 0.68
Weighted average Common Shares outstanding - diluted (in shares) 106,267 105,386 106,216 105,026
Dividends declared per Common Share (in dollars per share) $ 0.4625 $ 0.440 $ 0.9250 $ 0.88
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues $ 178,792 $ 177,283 $ 359,230 $ 346,691
Operating expenses:        
Rental property and other expenses 59,663 58,854 119,095 116,250
Depreciation and amortization 56,694 55,816 114,262 111,961
General and administrative 9,540 9,050 21,318 20,540
Total operating expenses 125,897 123,720 254,675 248,751
Interest expense:        
Contractual 17,155 15,345 34,860 32,368
Amortization of debt issuance costs 722 809 1,408 1,649
Total interest expense 17,877 16,154 36,268 34,017
Other income:        
Interest and other income 462 564 917 1,248
Gains on debt extinguishment 0 826 0 826
Total other income 462 1,390 917 2,074
Income before disposition of investment properties and activity in unconsolidated affiliates 35,480 38,799 69,204 65,997
Gains on disposition of property 16,972 0 16,972 5,332
Equity in earnings of unconsolidated affiliates 546 755 1,068 1,710
Net income 52,998 39,554 87,244 73,039
Net (income) attributable to noncontrolling interests in consolidated affiliates (308) (299) (594) (599)
Distributions on Preferred Units (623) (623) (1,246) (1,246)
Net income available for common unitholders $ 52,067 $ 38,632 $ 85,404 $ 71,194
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.49 $ 0.37 $ 0.81 $ 0.68
Weighted average Common Units outstanding - basic (in shares) 105,826 104,900 105,778 104,536
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.49 $ 0.37 $ 0.81 $ 0.68
Weighted average Common Units outstanding - diluted (in shares) 105,858 104,977 105,807 104,617
Distributions declared per Common Unit (in dollars per unit) $ 0.4625 $ 0.44 $ 0.9250 $ 0.88