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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net income $ 162,650 $ 104,254 $ 151,330
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 294,954 299,046 299,411
Amortization of lease incentives and acquisition-related intangible assets and liabilities 2,564 1,413 1,135
Share-based compensation expense 8,209 8,000 6,984
Net credit losses/(reversals) on operating lease receivables (118) 2,289 3,834
Accrued interest on mortgages and notes receivable (1,280) (548) (805)
Amortization of debt issuance costs 5,809 5,638 4,884
Amortization of cash flow hedges (248) (249) (293)
Amortization of mortgages and notes payable fair value adjustments 142 112 (288)
Impairments of real estate assets 8,800 24,600 0
Losses on debt extinguishment 144 173 602
Net gains on disposition of property (107,149) (46,817) (47,773)
Loss on disposition of investment in unconsolidated affiliate 4,700 0 0
Gain on deconsolidation of affiliate 0 0 (11,778)
Equity in earnings of unconsolidated affiliates (2,369) (4,158) (1,107)
Distributions of earnings from unconsolidated affiliates 6,699 5,973 1,246
Settlement of cash flow hedges 0 0 (493)
Changes in operating assets and liabilities:      
Accounts receivable 1,444 (3,222) (547)
Prepaid expenses and other assets 2,212 2,669 1,259
Accrued straight-line rents receivable (13,978) (9,626) (24,510)
Accounts payable, accrued expenses and other liabilities (13,978) 14,037 3,871
Net cash provided by operating activities 359,207 403,584 386,962
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (441,522) (50,835) (18,544)
Investments in development in-process (3,944) (4,149) (33,848)
Investments in tenant improvements and deferred leasing costs (154,960) (143,824) (112,290)
Investments in building improvements (45,790) (41,005) (64,312)
Net proceeds from disposition of real estate assets 195,162 100,934 101,829
Net proceeds from disposition of investment in unconsolidated affiliate 24,141 0 0
Distributions of capital from unconsolidated affiliates 8,104 8,484 6,594
Investments in mortgages and notes receivable (9,077) (6,229) (14,463)
Repayments of mortgages and notes receivable 7,835 63 9,888
Investments in and advances to unconsolidated affiliates (28,488) (153,361) (132,609)
Repayments of preferred equity from unconsolidated affiliates 0 0 80,000
Changes in earnest money deposits 10,000 (10,000) 15,500
Changes in other investing activities (2,125) (2,513) (7,431)
Net cash used in investing activities (440,664) (302,435) (169,686)
Financing activities:      
Dividends on Common Stock (216,728) (212,351) (211,023)
Redemptions/repurchases of Preferred Stock (2,120) 0 (10)
Redemptions of Common Units (10) 0 (163)
Dividends on Preferred Stock (2,359) (2,485) (2,485)
Distributions to noncontrolling interests in the Operating Partnership (4,249) (4,303) (4,511)
Distributions to noncontrolling interests in consolidated affiliates (320) (400) 0
Proceeds from the issuance of Common Stock 63,023 53,518 1,741
Costs paid for the issuance of Common Stock (1,430) (843) (226)
Repurchase of shares related to tax withholdings (2,009) (1,438) (1,325)
Borrowings on revolving credit facility 476,000 339,000 249,000
Repayments of revolving credit facility (555,000) (255,000) (615,000)
Borrowings on mortgages and notes payable 379,878 0 590,352
Repayments of mortgages and notes payable (38,868) (7,056) (206,726)
Contributions from noncontrolling interests in consolidated affiliates 0 0 320
Payments for debt issuance costs and other financing activities (4,979) (7,683) (5,370)
Net cash provided by/(used in) financing activities 90,829 (99,041) (205,426)
Net increase/(decrease) in cash and cash equivalents and restricted cash 9,372 2,108 11,850
Cash from deconsolidation of affiliate 0 0 (6,386)
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569 26,105
Cash and cash equivalents and restricted cash at end of the period 43,049 33,677 31,569
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 27,358 22,412 25,123
Restricted cash at end of the period 15,691 11,265 6,446
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 144,603 133,584 129,764
Supplemental disclosure of non-cash investing and financing activities:      
Conversions of Common Units to Common Stock 3,329 132 4,795
Net changes in capital expenditures incurred but not yet paid (1) [1] (7,553) (2,667) 2,342
Write-off of fully depreciated real estate assets 83,344 93,636 76,722
Write-off of fully amortized leasing costs 41,197 47,644 36,051
Write-off of fully amortized debt issuance costs 1,388 4,083 1,356
Adjustment of noncontrolling interests in the Operating Partnership to fair value (8,538) 18,666 (10,152)
Derecognition of lease liabilities related to right of use assets 0 (4,027) 0
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 45,000 52,900 55,700
Highwoods Realty Limited Partnership [Member]      
Operating activities:      
Net income 162,650 104,254 151,330
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 294,954 299,046 299,411
Amortization of lease incentives and acquisition-related intangible assets and liabilities 2,564 1,413 1,135
Share-based compensation expense 8,209 8,000 6,984
Net credit losses/(reversals) on operating lease receivables (118) 2,289 3,834
Accrued interest on mortgages and notes receivable (1,280) (548) (805)
Amortization of debt issuance costs 5,809 5,638 4,884
Amortization of cash flow hedges (248) (249) (293)
Amortization of mortgages and notes payable fair value adjustments 142 112 (288)
Impairments of real estate assets 8,800 24,600 0
Losses on debt extinguishment 144 173 602
Net gains on disposition of property (107,149) (46,817) (47,773)
Loss on disposition of investment in unconsolidated affiliate 4,700 0 0
Gain on deconsolidation of affiliate 0 0 (11,778)
Equity in earnings of unconsolidated affiliates (2,369) (4,158) (1,107)
Distributions of earnings from unconsolidated affiliates 6,699 5,973 1,246
Settlement of cash flow hedges 0 0 (493)
Changes in operating assets and liabilities:      
Accounts receivable 1,444 (3,222) (547)
Prepaid expenses and other assets 2,212 2,669 1,259
Accrued straight-line rents receivable (13,978) (9,626) (24,510)
Accounts payable, accrued expenses and other liabilities (13,978) 14,037 3,871
Net cash provided by operating activities 359,207 403,584 386,962
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (441,522) (50,835) (18,544)
Investments in development in-process (3,944) (4,149) (33,848)
Investments in tenant improvements and deferred leasing costs (154,960) (143,824) (112,290)
Investments in building improvements (45,790) (41,005) (64,312)
Net proceeds from disposition of real estate assets 195,162 100,934 101,829
Net proceeds from disposition of investment in unconsolidated affiliate 24,141 0 0
Distributions of capital from unconsolidated affiliates 8,104 8,484 6,594
Investments in mortgages and notes receivable (9,077) (6,229) (14,463)
Repayments of mortgages and notes receivable 7,835 63 9,888
Investments in and advances to unconsolidated affiliates (28,488) (153,361) (132,609)
Repayments of preferred equity from unconsolidated affiliates 0 0 80,000
Changes in earnest money deposits 10,000 (10,000) 15,500
Changes in other investing activities (2,125) (2,513) (7,431)
Net cash used in investing activities (440,664) (302,435) (169,686)
Financing activities:      
Distributions on Common Units (220,159) (215,836) (214,716)
Redemptions/repurchases of Preferred Units (2,120) 0 (10)
Redemptions of Common Units (10) 0 (163)
Distributions on Preferred Units (2,359) (2,485) (2,485)
Distributions to noncontrolling interests in consolidated affiliates (320) (400) 0
Proceeds from the issuance of Common Units 63,023 53,518 1,741
Costs paid for the issuance of Common Units (1,430) (843) (226)
Repurchase of units related to tax withholdings (2,009) (1,438) (1,325)
Borrowings on revolving credit facility 476,000 339,000 249,000
Repayments of revolving credit facility (555,000) (255,000) (615,000)
Borrowings on mortgages and notes payable 379,878 0 590,352
Repayments of mortgages and notes payable (38,868) (7,056) (206,726)
Contributions from noncontrolling interests in consolidated affiliates 0 0 320
Payments for debt issuance costs and other financing activities (5,797) (8,501) (6,188)
Net cash provided by/(used in) financing activities 90,829 (99,041) (205,426)
Net increase/(decrease) in cash and cash equivalents and restricted cash 9,372 2,108 11,850
Cash from deconsolidation of affiliate 0 0 (6,386)
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569 26,105
Cash and cash equivalents and restricted cash at end of the period 43,049 33,677 31,569
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 27,358 22,412 25,123
Restricted cash at end of the period 15,691 11,265 6,446
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 144,603 133,584 129,764
Supplemental disclosure of non-cash investing and financing activities:      
Net changes in capital expenditures incurred but not yet paid (1) [2] (7,553) (2,667) 2,342
Write-off of fully depreciated real estate assets 83,344 93,636 76,722
Write-off of fully amortized leasing costs 41,197 47,644 36,051
Write-off of fully amortized debt issuance costs 1,388 4,083 1,356
Adjustment of Redeemable Common Units to fair value (13,014) 16,271 (16,457)
Derecognition of lease liabilities related to right of use assets 0 (4,027) 0
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 45,000 $ 52,900 $ 55,700
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of December 31, 2025, 2024 and 2023 were $45.0 million, $52.9 million and $55.7 million, respectively.
[2] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of December 31, 2025, 2024 and 2023 were $45.0 million, $52.9 million and $55.7 million, respectively.