XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Rental and other revenues $ 183,805 $ 192,800
Operating expenses:    
Rental property and other expenses 56,189 62,202
Depreciation and amortization 60,927 61,150
General and administrative 9,952 10,930
Total operating expenses 127,068 134,282
Interest expense 19,768 21,277
Other income 312 69
Gains on disposition of property 18,937 153,067
Equity in earnings of unconsolidated affiliates 637 963
Net income 56,855 191,340
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,493) (4,960)
Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285)
Dividends on Preferred Stock (622) (622)
Net income available for common stockholders $ 54,459 $ 185,473
Earnings per Common Share – basic:    
Net income available for common stockholders (in dollars per share) $ 0.52 $ 1.79
Weighted average Common Shares outstanding - basic (in shares) 103,963 103,813
Earnings per Common Share - diluted:    
Net income available for common stockholders (in dollars per share) $ 0.52 $ 1.79
Weighted average Common Shares outstanding - diluted (in shares) 106,810 106,633
Highwoods Realty Limited Partnership [Member]    
Rental and other revenues $ 183,805 $ 192,800
Operating expenses:    
Rental property and other expenses 56,189 62,202
Depreciation and amortization 60,927 61,150
General and administrative 9,952 10,930
Total operating expenses 127,068 134,282
Interest expense 19,768 21,277
Other income 312 69
Gains on disposition of property 18,937 153,067
Equity in earnings of unconsolidated affiliates 637 963
Net income 56,855 191,340
Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285)
Distributions on Preferred Units (622) (622)
Net income available for common unitholders $ 55,952 $ 190,433
Earnings per Common Unit - basic:    
Net income available for common unitholders (in dollars per share) $ 0.53 $ 1.79
Weighted average Common Units outstanding - basic (in shares) 106,393 106,199
Earnings per Common Unit - diluted:    
Net income available for common unitholders (in dollars per share) $ 0.53 $ 1.79
Weighted average Common Units outstanding - diluted (in shares) 106,401 106,224