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HRLP - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 132,928 $ 107,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,982 226,532
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,791 866
Share-based compensation expense 7,446 7,001
Net credit losses on operating lease receivables (776) 1,831
Accrued interest on mortgages and notes receivable (877) (321)
Amortization of debt issuance costs 4,276 4,214
Amortization of cash flow hedges (186) (187)
Amortization of mortgages and notes payable fair value adjustments 84 84
Impairments of real estate assets 8,800 0
Losses on debt extinguishment 144 173
Net gains on disposition of property (87,889) (42,581)
Equity in earnings of unconsolidated affiliates (2,223) (2,890)
Distributions of earnings from unconsolidated affiliates 5,277 4,282
Changes in operating assets and liabilities:    
Accounts receivable 621 1,162
Prepaid expenses and other assets (1,102) (961)
Accrued straight-line rents receivable (9,510) (7,735)
Accounts payable, accrued expenses and other liabilities (19,263) 936
Net cash provided by operating activities 259,523 299,858
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (248,017) 0
Investments in development in-process (1,967) (4,149)
Investments in tenant improvements and deferred leasing costs (110,065) (102,791)
Investments in building improvements (30,760) (27,827)
Net proceeds from disposition of real estate assets 153,586 81,659
Distributions of capital from unconsolidated affiliates 6,288 6,254
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,350 47
Investments in and advances to unconsolidated affiliates (21,576) (147,452)
Changes in earnest money deposits 10,000 0
Changes in other investing activities (1,616) (4,475)
Net cash used in investing activities (239,354) (204,963)
Financing activities:    
Redemptions of Common Units (10) 0
Distributions to noncontrolling interest in consolidated affiliates (240) (300)
Borrowings on revolving credit facility 390,000 228,000
Repayments of revolving credit facility (274,000) (143,000)
Borrowings on mortgages and notes payable 31,600 0
Repayments of mortgages and notes payable (37,157) (5,238)
Payments for debt issuance costs and other financing activities (1,994) (7,683)
Net cash used in financing activities (12,103) (92,531)
Net increase in cash and cash equivalents and restricted cash 8,066 2,364
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569
Cash and cash equivalents and restricted cash at end of the period 41,743 33,933
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 26,262 23,650
Restricted cash at end of the period 15,481 10,283
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 123,314 112,667
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,105) (4,273)
Write-off of fully depreciated real estate assets 71,956 79,956
Write-off of fully amortized leasing costs 35,962 37,032
Write-off of fully amortized debt issuance costs 1,388 4,083
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 50,800 51,300
Highwoods Realty Limited Partnership [Member]    
Operating activities:    
Net income 132,928 107,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,982 226,532
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,791 866
Share-based compensation expense 7,446 7,001
Net credit losses on operating lease receivables (776) 1,831
Accrued interest on mortgages and notes receivable (877) (321)
Amortization of debt issuance costs 4,276 4,214
Amortization of cash flow hedges (186) (187)
Amortization of mortgages and notes payable fair value adjustments 84 84
Impairments of real estate assets 8,800 0
Losses on debt extinguishment 144 173
Net gains on disposition of property (87,889) (42,581)
Equity in earnings of unconsolidated affiliates (2,223) (2,890)
Distributions of earnings from unconsolidated affiliates 5,277 4,282
Changes in operating assets and liabilities:    
Accounts receivable 621 1,162
Prepaid expenses and other assets (1,102) (961)
Accrued straight-line rents receivable (9,510) (7,735)
Accounts payable, accrued expenses and other liabilities (19,263) 936
Net cash provided by operating activities 259,523 299,858
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (248,017) 0
Investments in development in-process (1,967) (4,149)
Investments in tenant improvements and deferred leasing costs (110,065) (102,791)
Investments in building improvements (30,760) (27,827)
Net proceeds from disposition of real estate assets 153,586 81,659
Distributions of capital from unconsolidated affiliates 6,288 6,254
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,350 47
Investments in and advances to unconsolidated affiliates (21,576) (147,452)
Changes in earnest money deposits 10,000 0
Changes in other investing activities (1,616) (4,475)
Net cash used in investing activities (239,354) (204,963)
Financing activities:    
Distributions on Common Units (164,391) (161,489)
Redemptions/repurchases of Preferred Units (2,120) 0
Redemptions of Common Units (10) 0
Distributions on Preferred Units (1,783) (1,864)
Distributions to noncontrolling interest in consolidated affiliates (240) (300)
Proceeds from the issuance of Common Units 51,819 1,094
Costs paid for the issuance of Common Units (1,204) 0
Repurchase of units related to tax withholdings (2,009) (1,437)
Borrowings on revolving credit facility 390,000 228,000
Repayments of revolving credit facility (274,000) (143,000)
Borrowings on mortgages and notes payable 31,600 0
Repayments of mortgages and notes payable (37,157) (5,238)
Payments for debt issuance costs and other financing activities (2,608) (8,297)
Net cash used in financing activities (12,103) (92,531)
Net increase in cash and cash equivalents and restricted cash 8,066 2,364
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569
Cash and cash equivalents and restricted cash at end of the period 41,743 33,933
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 26,262 23,650
Restricted cash at end of the period 15,481 10,283
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 123,314 112,667
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,105) (4,273)
Write-off of fully depreciated real estate assets 71,956 79,956
Write-off of fully amortized leasing costs 35,962 37,032
Write-off of fully amortized debt issuance costs 1,388 4,083
Adjustment of Redeemable Common Units to fair value (749) 22,574
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 50,800 $ 51,300
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2025 and 2024 were $50.8 million and $51.3 million, respectively.