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HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Rental and other revenues $ 200,600 $ 204,738 $ 400,983 $ 416,013
Operating expenses:        
Rental property and other expenses 63,655 64,559 128,689 134,994
Depreciation and amortization 74,679 73,745 146,084 147,416
General and administrative 10,319 9,357 22,776 21,856
Total operating expenses 148,653 147,661 297,549 304,266
Interest expense 37,665 35,904 74,307 72,456
Other income 4,629 7,455 6,254 8,687
Gains on disposition of property 0 35,022 82,215 42,231
Equity in earnings of unconsolidated affiliates 310 1,120 1,625 1,774
Net income 19,221 64,770 119,221 91,983
Net loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Highwoods Realty Limited Partnership        
Rental and other revenues 200,600 204,738 400,983 416,013
Operating expenses:        
Rental property and other expenses 63,655 64,559 128,689 134,994
Depreciation and amortization 74,679 73,745 146,084 147,416
General and administrative 10,319 9,357 22,776 21,856
Total operating expenses 148,653 147,661 297,549 304,266
Interest expense 37,665 35,904 74,307 72,456
Other income 4,629 7,455 6,254 8,687
Gains on disposition of property 0 35,022 82,215 42,231
Equity in earnings of unconsolidated affiliates 310 1,120 1,625 1,774
Net income 19,221 64,770 119,221 91,983
Net loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Distributions on Preferred Units (586) (621) (1,207) (1,242)
Net income available for common unitholders $ 18,635 $ 64,151 $ 118,040 $ 90,748
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.17 $ 0.60 $ 1.08 $ 0.84
Weighted average Common Units outstanding - basic (in shares) 109,567 107,738 109,496 107,644
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.17 $ 0.60 $ 1.08 $ 0.84
Weighted average Common Units outstanding - diluted (in shares) 109,567 107,738 109,496 107,644