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HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Rental and other revenues $ 204,323 $ 207,095 $ 620,336 $ 627,138
Operating expenses:        
Rental property and other expenses 65,706 67,193 200,700 199,231
Depreciation and amortization 79,116 74,765 226,532 220,416
General and administrative 9,898 8,873 31,754 30,668
Total operating expenses 154,720 150,831 458,986 450,315
Interest expense 37,472 34,247 109,928 101,408
Other income 1,872 754 10,559 3,082
Gains on disposition of property 350 0 42,581 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,116 400 2,890 1,902
Net income 15,469 23,171 107,452 111,995
Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488
Highwoods Realty Limited Partnership        
Rental and other revenues 204,323 207,095 620,336 627,138
Operating expenses:        
Rental property and other expenses 65,706 67,193 200,700 199,231
Depreciation and amortization 79,116 74,765 226,532 220,416
General and administrative 9,898 8,873 31,754 30,668
Total operating expenses 154,720 150,831 458,986 450,315
Interest expense 37,472 34,247 109,928 101,408
Other income 1,872 754 10,559 3,082
Gains on disposition of property 350 0 42,581 19,818
Gain on deconsolidation of affiliate 0 0 0 11,778
Equity in earnings of unconsolidated affiliates 1,116 400 2,890 1,902
Net income 15,469 23,171 107,452 111,995
Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488
Distributions on Preferred Units (622) (622) (1,864) (1,864)
Net income available for common unitholders $ 14,855 $ 22,554 $ 105,603 $ 110,619
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.21 $ 0.98 $ 1.03
Weighted average Common Units outstanding - basic (in shares) 107,752 107,423 107,680 107,353
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.14 $ 0.21 $ 0.98 $ 1.03
Weighted average Common Units outstanding - diluted (in shares) 107,752 107,423 107,680 107,353