XML 92 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Rental and other revenues $ 735,979 $ 720,035 $ 702,737
Operating expenses:      
Rental property and other expenses 248,511 242,415 236,888
Depreciation and amortization 254,504 229,955 227,832
Impairments of real estate assets 5,849 423 1,445
General and administrative 44,067 40,006 39,648
Total operating expenses 552,931 512,799 505,813
Interest expense 81,648 71,422 69,105
Other income/(loss) (2,510) 1,940 2,283
Gains on disposition of property 39,517 37,638 54,157
Equity in earnings of unconsolidated affiliates 3,276 2,238 7,404
Net income 141,683 177,630 191,663
Net (income) attributable to noncontrolling interests in the Operating Partnership (3,551) (4,588) (5,059)
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,214) (1,207) (1,239)
Dividends on Preferred Stock (2,488) (2,492) (2,492)
Net income available for common stockholders $ 134,430 $ 169,343 $ 182,873
Earnings per Common Share - basic:      
Net income available for common stockholders (in dollars per share) $ 1.30 $ 1.64 $ 1.78
Weighted average Common Shares outstanding - basic (in shares) 103,692 103,439 102,682
Earnings per Common Share - diluted:      
Net income available for common stockholders (in dollars per share) $ 1.30 $ 1.64 $ 1.78
Weighted average Common Shares outstanding - diluted (in shares) 106,445 106,268 105,594
Highwoods Realty Limited Partnership [Member]      
Rental and other revenues $ 735,979 $ 720,035 $ 702,737
Operating expenses:      
Rental property and other expenses 248,511 242,415 236,888
Depreciation and amortization 254,504 229,955 227,832
Impairments of real estate assets 5,849 423 1,445
General and administrative 44,067 40,006 39,648
Total operating expenses 552,931 512,799 505,813
Interest expense 81,648 71,422 69,105
Other income/(loss) (2,510) 1,940 2,283
Gains on disposition of property 39,517 37,638 54,157
Equity in earnings of unconsolidated affiliates 3,276 2,238 7,404
Net income 141,683 177,630 191,663
Net (income) attributable to noncontrolling interests in consolidated affiliates (1,214) (1,207) (1,239)
Distributions on Preferred Units (2,488) (2,492) (2,492)
Net income available for common unitholders $ 137,981 $ 173,931 $ 187,932
Earnings per Common Unit - basic:      
Net income available for common unitholders (in dollars per share) $ 1.30 $ 1.64 $ 1.79
Weighted average Common Units outstanding - basic (in shares) 106,014 105,826 105,106
Earnings per Common Unit - diluted:      
Net income available for common unitholders (in dollars per share) $ 1.30 $ 1.64 $ 1.79
Weighted average Common Units outstanding - diluted (in shares) 106,036 105,859 105,185