XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Rental and other revenues $ 181,043 $ 187,475 $ 556,996 $ 543,908
Operating expenses:        
Rental property and other expenses 56,892 64,135 174,213 185,244
Depreciation and amortization 60,303 60,850 180,914 189,514
Impairments of real estate assets 0 5,318 1,778 5,849
General and administrative 9,155 11,717 30,169 33,658
Total operating expenses 126,350 142,020 387,074 414,265
Interest expense 19,886 20,527 61,003 59,622
Other income/(loss) (3,311) 174 (2,654) (3,271)
Gains on disposition of property 10,012 3,515 163,397 10,218
Equity in earnings of unconsolidated affiliates 823 940 2,965 2,369
Net income 42,331 29,557 272,627 79,337
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,107) (737) (7,084) (1,974)
Net (income) attributable to noncontrolling interests in consolidated affiliates (298) (297) (872) (919)
Dividends on Preferred Stock (622) (622) (1,866) (1,866)
Net income available for common stockholders $ 40,304 $ 27,901 $ 262,805 $ 74,578
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.39 $ 0.27 $ 2.53 $ 0.72
Weighted average Common Shares outstanding - basic (in shares) 103,896 103,727 103,865 103,674
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.39 $ 0.27 $ 2.53 $ 0.72
Weighted average Common Shares outstanding - diluted (in shares) 106,740 106,471 106,702 106,425
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues $ 181,043 $ 187,475 $ 556,996 $ 543,908
Operating expenses:        
Rental property and other expenses 56,892 64,135 174,213 185,244
Depreciation and amortization 60,303 60,850 180,914 189,514
Impairments of real estate assets 0 5,318 1,778 5,849
General and administrative 9,155 11,717 30,169 33,658
Total operating expenses 126,350 142,020 387,074 414,265
Interest expense 19,886 20,527 61,003 59,622
Other income/(loss) (3,311) 174 (2,654) (3,271)
Gains on disposition of property 10,012 3,515 163,397 10,218
Equity in earnings of unconsolidated affiliates 823 940 2,965 2,369
Net income 42,331 29,557 272,627 79,337
Net (income) attributable to noncontrolling interests in consolidated affiliates (298) (297) (872) (919)
Distributions on Preferred Units (622) (622) (1,866) (1,866)
Net income available for common unitholders $ 41,411 $ 28,638 $ 269,889 $ 76,552
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.39 $ 0.27 $ 2.54 $ 0.72
Weighted average Common Units outstanding - basic (in shares) 106,329 106,046 106,283 105,998
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.39 $ 0.27 $ 2.54 $ 0.72
Weighted average Common Units outstanding - diluted (in shares) 106,331 106,062 106,293 106,016