XML 23 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate assets, at cost:    
Land $ 548,720 $ 549,228
Buildings and tenant improvements 5,909,754 5,718,169
Development in-process 46,735 6,890
Land held for development 231,218 215,257
Total real estate assets 6,736,427 6,489,544
Less-accumulated depreciation (1,609,502) (1,457,511)
Net real estate assets 5,126,925 5,032,033
Real estate and other assets, net, held for sale 0 3,518
Cash and cash equivalents 21,357 23,152
Restricted cash 4,748 8,046
Accounts receivable 25,481 14,002
Mortgages and notes receivable 1,051 1,227
Accrued straight-line rents receivable 293,674 268,324
Investments in and advances to unconsolidated affiliates 269,221 7,383
Deferred leasing costs, net of accumulated amortization of $163,751 and $143,111, respectively 252,828 258,902
Prepaid expenses and other assets, net of accumulated depreciation of $21,660 and $21,408, respectively 68,091 78,551
Total Assets 6,063,376 5,695,138
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,197,215 2,788,915
Accounts payable, accrued expenses and other liabilities 301,184 294,976
Total Liabilities 3,498,399 3,083,891
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 65,977 111,689
Equity/Capital:    
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,821 shares issued and outstanding 28,821 28,821
Common Stock, $.01 par value, 200,000,000 authorized shares; 105,210,858 and 104,892,780 shares issued and outstanding, respectively 1,052 1,049
Additional paid-in capital 3,081,330 3,027,861
Distributions in excess of net income available for common stockholders (633,227) (579,616)
Accumulated other comprehensive loss (1,211) (973)
Total Stockholders’ Equity 2,476,765 2,477,142
Noncontrolling interests in consolidated affiliates 22,235 22,416
Total Equity/Capital: 2,499,000 2,499,558
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 6,063,376 5,695,138
Highwoods Realty Limited Partnership [Member]    
Real estate assets, at cost:    
Land 548,720 549,228
Buildings and tenant improvements 5,909,754 5,718,169
Development in-process 46,735 6,890
Land held for development 231,218 215,257
Total real estate assets 6,736,427 6,489,544
Less-accumulated depreciation (1,609,502) (1,457,511)
Net real estate assets 5,126,925 5,032,033
Real estate and other assets, net, held for sale 0 3,518
Cash and cash equivalents 21,357 23,152
Restricted cash 4,748 8,046
Accounts receivable 25,481 14,002
Mortgages and notes receivable 1,051 1,227
Accrued straight-line rents receivable 293,674 268,324
Investments in and advances to unconsolidated affiliates 269,221 7,383
Deferred leasing costs, net of accumulated amortization of $163,751 and $143,111, respectively 252,828 258,902
Prepaid expenses and other assets, net of accumulated depreciation of $21,660 and $21,408, respectively 68,091 78,551
Total Assets 6,063,376 5,695,138
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,197,215 2,788,915
Accounts payable, accrued expenses and other liabilities 301,184 294,976
Total Liabilities 3,498,399 3,083,891
Commitments and contingencies
Redeemable Operating Partnership Units:    
Redeemable Operating Partnership Units, Common Units, 2,358,009 and 2,504,805 outstanding, respectively 65,977 111,689
Series A Preferred Units (liquidation preference $1,000 per unit), 28,821 units issued and outstanding 28,821 28,821
Total Redeemable Operating Partnership Units 94,798 140,510
Equity/Capital:    
General partner Common Units, 1,071,601 and 1,069,888 outstanding, respectively 24,492 24,492
Limited partner Common Units, 103,730,448 and 103,414,083 outstanding, respectively 2,424,663 2,424,802
Accumulated other comprehensive loss (1,211) (973)
Noncontrolling interests in consolidated affiliates 22,235 22,416
Total Equity/Capital: 2,470,179 2,470,737
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,063,376 $ 5,695,138