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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Rental and other revenues $ 184,070 $ 178,792 $ 356,433 $ 359,230
Operating expenses:        
Rental property and other expenses 60,558 59,663 121,109 119,095
Depreciation and amortization 59,460 56,694 128,664 114,262
Impairments of real estate assets 531 0 531 0
General and administrative 9,560 9,540 21,941 21,318
Total operating expenses 130,109 125,897 272,245 254,675
Interest expense 20,356 17,877 39,095 36,268
Other income/(loss) 321 462 (3,445) 917
Gains on disposition of property 6,703 16,972 6,703 16,972
Equity in earnings of unconsolidated affiliates 765 546 1,429 1,068
Net income 41,394 52,998 49,780 87,244
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,044) (1,381) (1,237) (2,269)
Net (income) attributable to noncontrolling interests in consolidated affiliates (306) (308) (622) (594)
Dividends on Preferred Stock (622) (623) (1,244) (1,246)
Net income available for common stockholders $ 39,422 $ 50,686 $ 46,677 $ 83,135
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.38 $ 0.49 $ 0.45 $ 0.80
Weighted average Common Shares outstanding - basic (in shares) 103,693 103,428 103,647 103,376
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.38 $ 0.49 $ 0.45 $ 0.80
Weighted average Common Shares outstanding - diluted (in shares) 106,445 106,267 106,402 106,216
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues $ 184,070 $ 178,792 $ 356,433 $ 359,230
Operating expenses:        
Rental property and other expenses 60,558 59,663 121,109 119,095
Depreciation and amortization 59,460 56,694 128,664 114,262
Impairments of real estate assets 531 0 531 0
General and administrative 9,560 9,540 21,941 21,318
Total operating expenses 130,109 125,897 272,245 254,675
Interest expense 20,356 17,877 39,095 36,268
Other income/(loss) 321 462 (3,445) 917
Gains on disposition of property 6,703 16,972 6,703 16,972
Equity in earnings of unconsolidated affiliates 765 546 1,429 1,068
Net income 41,394 52,998 49,780 87,244
Net (income) attributable to noncontrolling interests in consolidated affiliates (306) (308) (622) (594)
Distributions on Preferred Units (622) (623) (1,244) (1,246)
Net income available for common unitholders $ 40,466 $ 52,067 $ 47,914 $ 85,404
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.38 $ 0.49 $ 0.45 $ 0.81
Weighted average Common Units outstanding - basic (in shares) 106,017 105,826 105,973 105,778
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.38 $ 0.49 $ 0.45 $ 0.81
Weighted average Common Units outstanding - diluted (in shares) 106,036 105,858 105,993 105,807