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HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Rental and other revenues $ 204,738 $ 207,291 $ 416,013 $ 420,043
Operating expenses:        
Rental property and other expenses 64,559 66,307 134,994 132,038
Depreciation and amortization 73,745 75,018 147,416 145,651
General and administrative 9,357 9,380 21,856 21,795
Total operating expenses 147,661 150,705 304,266 299,484
Interest expense 35,904 34,063 72,456 67,161
Other income 7,455 1,181 8,687 2,328
Gains on disposition of property 35,022 19,368 42,231 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,120 798 1,774 1,502
Net income 64,770 43,870 91,983 88,824
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 (4) 7 483
Highwoods Realty Limited Partnership        
Rental and other revenues 204,738 207,291 416,013 420,043
Operating expenses:        
Rental property and other expenses 64,559 66,307 134,994 132,038
Depreciation and amortization 73,745 75,018 147,416 145,651
General and administrative 9,357 9,380 21,856 21,795
Total operating expenses 147,661 150,705 304,266 299,484
Interest expense 35,904 34,063 72,456 67,161
Other income 7,455 1,181 8,687 2,328
Gains on disposition of property 35,022 19,368 42,231 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,120 798 1,774 1,502
Net income 64,770 43,870 91,983 88,824
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 (4) 7 483
Distributions on Preferred Units (621) (621) (1,242) (1,242)
Net income available for common unitholders $ 64,151 $ 43,245 $ 90,748 $ 88,065
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.60 $ 0.40 $ 0.84 $ 0.82
Weighted average Common Units outstanding - basic (in shares) 107,738 107,399 107,644 107,319
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.60 $ 0.40 $ 0.84 $ 0.82
Weighted average Common Units outstanding - diluted (in shares) 107,738 107,399 107,644 107,319