XML 22 R7.htm IDEA: XBRL DOCUMENT v3.23.3
HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Rental and other revenues $ 207,095 $ 206,997 $ 627,138 $ 617,216
Operating expenses:        
Rental property and other expenses 67,193 66,334 199,231 190,125
Depreciation and amortization 74,765 73,057 220,416 212,466
Impairments of real estate assets 0 1,515 0 36,515
General and administrative 8,873 9,586 30,668 32,733
Total operating expenses 150,831 150,492 450,315 471,839
Interest expense 34,247 26,392 101,408 75,812
Other income 754 138 3,082 621
Gains on disposition of property 0 9,402 19,818 63,546
Gain on deconsolidation of affiliate 0 0 11,778 0
Equity in earnings of unconsolidated affiliates 400 457 1,902 1,083
Net income 23,171 40,110 111,995 134,815
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 5 (357) 488 (880)
Highwoods Realty Limited Partnership        
Rental and other revenues 207,095 206,997 627,138 617,216
Operating expenses:        
Rental property and other expenses 67,193 66,334 199,231 190,125
Depreciation and amortization 74,765 73,057 220,416 212,466
Impairments of real estate assets 0 1,515 0 36,515
General and administrative 8,873 9,586 30,668 32,733
Total operating expenses 150,831 150,492 450,315 471,839
Interest expense 34,247 26,392 101,408 75,812
Other income 754 138 3,082 621
Gains on disposition of property 0 9,402 19,818 63,546
Gain on deconsolidation of affiliate 0 0 11,778 0
Equity in earnings of unconsolidated affiliates 400 457 1,902 1,083
Net income 23,171 40,110 111,995 134,815
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 5 (357) 488 (880)
Distributions on Preferred Units (622) (621) (1,864) (1,864)
Net income available for common unitholders $ 22,554 $ 39,132 $ 110,619 $ 132,071
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.21 $ 0.37 $ 1.03 $ 1.23
Weighted average Common Units outstanding - basic (in shares) 107,423 107,192 107,353 107,154
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.21 $ 0.37 $ 1.03 $ 1.23
Weighted average Common Units outstanding - diluted (in shares) 107,423 107,192 107,353 107,161