HIGHWOODS PROPERTIES, INC., 10-Q filed on 7/29/2025
Quarterly Report
v3.25.2
Cover Page - shares
 6 Months Ended
Jun. 30, 2025
Jul. 22, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
Document Transition Report false  
Entity Registrant Name HIGHWOODS PROPERTIES, INC.  
Entity Incorporation, State or Country Code MD  
Entity File Number 001-13100  
Entity Tax Identification Number 56-1871668  
Entity Address, Address Line One 150 Fayetteville Street  
Entity Address, Address Line Two Suite 1400  
Entity Address, City or Town Raleigh  
Entity Address, State or Province NC  
Entity Address, Postal Zip Code 27601  
City Area Code 919  
Local Phone Number 872-4924  
Title of 12(b) Security Common Stock, $.01 par value, of Highwoods Properties, Inc.  
Trading Symbol HIW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   108,073,015
Entity Central Index Key 0000921082  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Highwoods Realty Limited Partnership    
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS REALTY LIMITED PARTNERSHIP  
Entity Incorporation, State or Country Code NC  
Entity File Number 000-21731  
Entity Tax Identification Number 56-1869557  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000941713  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.2
HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 572,103 $ 570,286
Buildings and tenant improvements 5,919,475 5,826,603
Development in-process 2,366 0
Land held for development 233,325 221,048
Total real estate assets 6,727,269 6,617,937
Less-accumulated depreciation (1,844,374) (1,796,586)
Net real estate assets 4,882,895 4,821,351
Real estate and other assets, net, held for sale 0 55,409
Cash and cash equivalents 21,193 22,412
Restricted cash 18,815 11,265
Accounts receivable 27,839 28,287
Mortgages and notes receivable 6,227 11,064
Accrued straight-line rents receivable 314,477 308,853
Investments in and advances to unconsolidated affiliates 496,196 485,726
Deferred leasing costs, net of accumulated amortization of $165,665 and $170,312, respectively 221,609 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $22,933 and $20,626, respectively 69,460 75,021
Total Assets 6,058,711 6,029,355
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,334,385 3,293,559
Accounts payable, accrued expenses and other liabilities 281,210 304,551
Total Liabilities 3,615,595 3,598,110
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 66,878 65,791
Equity:    
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 26,716 and 28,811 shares issued and outstanding, respectively 26,716 28,811
Common Stock, $.01 par value, 200,000,000 authorized shares; 107,886,915 and 107,623,777 shares issued and outstanding, respectively 1,079 1,076
Additional paid-in capital 3,149,335 3,144,130
Distributions in excess of net income available for common stockholders (802,627) (810,608)
Accumulated other comprehensive loss (2,370) (2,246)
Total Stockholders’ Equity 2,372,133 2,361,163
Noncontrolling interests in consolidated affiliates 4,105 4,291
Total Equity/Capital 2,376,238 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,058,711 $ 6,029,355
v3.25.2
HPI - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Assets:      
Deferred leasing costs, accumulated amortization   $ 165,665 $ 170,312
Prepaid expenses and other assets, accumulated depreciation   $ 22,933 $ 20,626
Equity:      
Series A Preferred Stock, par value (in dollars per share)   $ 0.01 $ 0.01
Series A Preferred Stock, authorized shares (in shares)   50,000,000 50,000,000
Series A Preferred Stock, dividend rate percentage (in hundredths) 8.625% 8.625%  
Series A Preferred Stock, liquidation preference (in dollars per share)   $ 1,000 $ 1,000
Series A Preferred Stock, shares issued (in shares)   26,716 28,811
Series A Preferred Stock, shares outstanding (in shares)   26,716 28,811
Common Stock, par value (in dollars per share)   $ 0.01 $ 0.01
Common Stock, authorized shares (in shares)   200,000,000 200,000,000
Common Stock, shares issued (in shares)   107,886,915 107,623,777
Common Stock, shares outstanding (in shares)   107,886,915 107,623,777
v3.25.2
HRLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 572,103 $ 570,286
Buildings and tenant improvements 5,919,475 5,826,603
Development in-process 2,366 0
Land held for development 233,325 221,048
Total real estate assets 6,727,269 6,617,937
Less-accumulated depreciation (1,844,374) (1,796,586)
Net real estate assets 4,882,895 4,821,351
Real estate and other assets, net, held for sale 0 55,409
Cash and cash equivalents 21,193 22,412
Restricted cash 18,815 11,265
Accounts receivable 27,839 28,287
Mortgages and notes receivable 6,227 11,064
Accrued straight-line rents receivable 314,477 308,853
Investments in and advances to unconsolidated affiliates 496,196 485,726
Deferred leasing costs, net of accumulated amortization of $165,665 and $170,312, respectively 221,609 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $22,933 and $20,626, respectively 69,460 75,021
Total Assets 6,058,711 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,334,385 3,293,559
Accounts payable, accrued expenses and other liabilities 281,210 304,551
Total Liabilities 3,615,595 3,598,110
Commitments and contingencies
Capital:    
Accumulated other comprehensive loss (2,370) (2,246)
Noncontrolling interests in consolidated affiliates 4,105 4,291
Total Equity/Capital 2,376,238 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 6,058,711 6,029,355
Highwoods Realty Limited Partnership    
Real estate assets, at cost:    
Land 572,103 570,286
Buildings and tenant improvements 5,919,475 5,826,603
Development in-process 2,366 0
Land held for development 233,325 221,048
Total real estate assets 6,727,269 6,617,937
Less-accumulated depreciation (1,844,374) (1,796,586)
Net real estate assets 4,882,895 4,821,351
Real estate and other assets, net, held for sale 0 55,409
Cash and cash equivalents 21,193 22,412
Restricted cash 18,815 11,265
Accounts receivable 27,839 28,287
Mortgages and notes receivable 6,227 11,064
Accrued straight-line rents receivable 314,477 308,853
Investments in and advances to unconsolidated affiliates 496,196 485,726
Deferred leasing costs, net of accumulated amortization of $165,665 and $170,312, respectively 221,609 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $22,933 and $20,626, respectively 69,460 75,021
Total Assets 6,058,711 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,334,385 3,293,559
Accounts payable, accrued expenses and other liabilities 281,210 304,551
Total Liabilities 3,615,595 3,598,110
Commitments and contingencies
Redeemable Operating Partnership Units:    
Common Units, 2,151,097 and 2,151,423 outstanding, respectively 66,878 65,791
Series A Preferred Units (liquidation preference $1,000 per unit), 26,716 and 28,811 units issued and outstanding, respectively 26,716 28,811
Total Redeemable Operating Partnership Units 93,594 94,602
Capital:    
General partner Common Units, 1,096,292 and 1,093,664 outstanding, respectively 23,477 23,345
Limited partner Common Units, 106,381,814 and 106,121,304 outstanding, respectively 2,324,310 2,311,253
Accumulated other comprehensive loss (2,370) (2,246)
Noncontrolling interests in consolidated affiliates 4,105 4,291
Total Equity/Capital 2,349,522 2,336,643
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,058,711 $ 6,029,355
v3.25.2
HRLP - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Deferred leasing costs, accumulated amortization $ 165,665 $ 170,312
Prepaid expenses and other assets, accumulated depreciation 22,933 20,626
Highwoods Realty Limited Partnership    
Assets:    
Deferred leasing costs, accumulated amortization 165,665 170,312
Prepaid expenses and other assets, accumulated depreciation $ 22,933 $ 20,626
Redeemable Operating Partnership Units: [Abstract]    
Redeemable Common Units outstanding (in shares) 2,151,097 2,151,423
Series A Preferred Units, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Units, issued (in shares) 26,716 28,811
Series A Preferred Units, outstanding (in shares) 26,716 28,811
Common Units: [Abstract]    
General partners' capital account, units outstanding (in shares) 1,096,292 1,093,664
Limited partners' capital account, units outstanding (in shares) 106,381,814 106,121,304
v3.25.2
HPI - 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
Income Statement [Abstract]        
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 (income) attributable to noncontrolling interests in the Operating Partnership (365) (1,281) (2,321) (1,814)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Dividends on Preferred Stock (586) (621) (1,207) (1,242)
Net income available for common stockholders $ 18,270 $ 62,870 $ 115,719 $ 88,934
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.17 $ 0.59 $ 1.07 $ 0.84
Weighted average Common Shares outstanding - basic (in shares) 107,825 105,996 107,754 105,900
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.17 $ 0.59 $ 1.07 $ 0.84
Weighted average Common Shares outstanding - diluted (in shares) 109,976 108,147 109,905 108,053
v3.25.2
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
v3.25.2
HPI - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Comprehensive income:        
Net income $ 19,221 $ 64,770 $ 119,221 $ 91,983
Other comprehensive loss:        
Amortization of cash flow hedges (62) (62) (124) (124)
Total other comprehensive loss (62) (62) (124) (124)
Total comprehensive income 19,159 64,708 119,097 91,859
Less-comprehensive (income) attributable to noncontrolling interests (365) (1,279) (2,295) (1,807)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 18,794 $ 63,429 $ 116,802 $ 90,052
v3.25.2
HRLP - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Comprehensive income:        
Net income $ 19,221 $ 64,770 $ 119,221 $ 91,983
Other comprehensive loss:        
Amortization of cash flow hedges (62) (62) (124) (124)
Other comprehensive loss (62) (62) (124) (124)
Total comprehensive income 19,159 64,708 119,097 91,859
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (365) (1,279) (2,295) (1,807)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders 18,794 63,429 116,802 90,052
Highwoods Realty Limited Partnership        
Comprehensive income:        
Net income 19,221 64,770 119,221 91,983
Other comprehensive loss:        
Amortization of cash flow hedges (62) (62) (124) (124)
Other comprehensive loss (62) (62) (124) (124)
Total comprehensive income 19,159 64,708 119,097 91,859
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 19,159 $ 64,710 $ 119,123 $ 91,866
v3.25.2
HPI - Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Highwoods Realty Limited Partnership
Highwoods Realty Limited Partnership
General Partners' Common Units [Member]
Highwoods Realty Limited Partnership
Limited Partners' Common Units [Member]
Highwoods Realty Limited Partnership
Accumulated Other Comprehensive Income (Loss) [Member]
Highwoods Realty Limited Partnership
Noncontrolling Interests in Consolidated Affiliates [Member]
Common Stock [Member]
Series A Cumulative Redeemable Preferred Shares [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interests in Consolidated Affiliates [Member]
Distributions in Excess of Net Income Available for Common Stockholders [Member]
Balance (in shares) at Dec. 31, 2023             105,710,315          
Balance at Dec. 31, 2023 $ 2,438,022 $ 2,409,211 $ 24,064 $ 2,382,419 $ (1,997) $ 4,725 $ 1,057 $ 28,811 $ 3,103,446 $ (1,997) $ 4,725 $ (698,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             (29,970)          
Issuances of Common Stock, net of issuance costs and tax withholdings (685)               (685)      
Conversions of Common Units to Common Stock - Shares             5,385          
Conversions of Common Units to Common Stock 132               132      
Dividends on Common Stock (105,870)                     (105,870)
Dividends on Preferred Stock (1,242)                     (1,242)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (7,467)               (7,467)      
Distributions to noncontrolling interests in consolidated affiliates (100) (100)       (100)         (100)  
Issuances of restricted stock - shares             324,532          
Issuances of restricted stock 0                      
Share-based compensation expense, net of forfeitures, value             $ 3          
Share-based compensation expense, net of forfeitures 5,958 5,958 60 5,898         5,955      
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,814)                     (1,814)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 7   (7)         (7) 7
Comprehensive income:                        
Net income 91,983 91,983 920 91,063               91,983
Other comprehensive loss (124) (124)     (124)         (124)    
Total comprehensive income 91,859 91,859                    
Balance (in shares) at Jun. 30, 2024             106,010,262          
Balance at Jun. 30, 2024 2,418,793 2,389,982 23,875 2,363,610 (2,121) 4,618 $ 1,060 28,811 3,101,381 (2,121) 4,618 (714,956)
Balance (in shares) at Mar. 31, 2024             105,995,624          
Balance at Mar. 31, 2024 2,407,570 2,378,759 23,760 2,352,338 (2,059) 4,720 $ 1,060 28,811 3,099,865 (2,059) 4,720 (724,827)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             14,426          
Issuances of Common Stock, net of issuance costs and tax withholdings 379               379      
Dividends on Common Stock (52,999)                     (52,999)
Dividends on Preferred Stock (621)                     (621)
Adjustment of noncontrolling interests in the Operating Partnership to fair value 12               12      
Distributions to noncontrolling interests in consolidated affiliates (100) (100)       (100)         (100)  
Issuances of restricted stock - shares             212          
Issuances of restricted stock 0                      
Share-based compensation expense, net of forfeitures 1,125 1,125 12 1,113         1,125      
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,281)                     (1,281)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 2   (2)         (2) 2
Comprehensive income:                        
Net income 64,770 64,770 648 64,122               64,770
Other comprehensive loss (62) (62)     (62)         (62)    
Total comprehensive income 64,708 64,708                    
Balance (in shares) at Jun. 30, 2024             106,010,262          
Balance at Jun. 30, 2024 $ 2,418,793 2,389,982 23,875 2,363,610 (2,121) 4,618 $ 1,060 28,811 3,101,381 (2,121) 4,618 (714,956)
Balance (in shares) at Dec. 31, 2024 107,623,777           107,623,777          
Balance at Dec. 31, 2024 $ 2,365,454 2,336,643 23,345 2,311,253 (2,246) 4,291 $ 1,076 28,811 3,144,130 (2,246) 4,291 (810,608)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             1,458          
Issuances of Common Stock, net of issuance costs and tax withholdings (142)               (142)      
Conversions of Common Units to Common Stock 0                      
Dividends on Common Stock (107,738)                     (107,738)
Dividends on Preferred Stock (1,207)                     (1,207)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (927)               (927)      
Distributions to noncontrolling interests in consolidated affiliates (160) (160)       (160)         (160)  
Issuances of restricted stock - shares             261,680          
Issuances of restricted stock 0                      
Redemptions/repurchases of Preferred Stock (2,095)             (2,095)        
Share-based compensation expense, net of forfeitures, value             $ 3          
Share-based compensation expense, net of forfeitures 6,277 6,277 63 6,214         6,274      
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,321)                     (2,321)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 26   (26)         (26) 26
Comprehensive income:                        
Net income 119,221 119,221 1,192 118,029               119,221
Other comprehensive loss (124) (124)     (124)         (124)    
Total comprehensive income $ 119,097 119,097                    
Balance (in shares) at Jun. 30, 2025 107,886,915           107,886,915          
Balance at Jun. 30, 2025 $ 2,376,238 2,349,522 23,477 2,324,310 (2,370) 4,105 $ 1,079 26,716 3,149,335 (2,370) 4,105 (802,627)
Balance (in shares) at Mar. 31, 2025             107,810,629          
Balance at Mar. 31, 2025 2,415,022 2,386,211 23,842 2,360,492 (2,308) 4,185 $ 1,078 28,811 3,150,235 (2,308) 4,185 (766,979)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             56,494          
Issuances of Common Stock, net of issuance costs and tax withholdings 1,620               1,620      
Dividends on Common Stock (53,918)                     (53,918)
Dividends on Preferred Stock (586)                     (586)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (3,829)               (3,829)      
Distributions to noncontrolling interests in consolidated affiliates (80) (80)       (80)         (80)  
Issuances of restricted stock - shares             19,792          
Issuances of restricted stock 0                      
Redemptions/repurchases of Preferred Stock (2,095)             (2,095)        
Share-based compensation expense, net of forfeitures, value             $ 1          
Share-based compensation expense, net of forfeitures 1,310 1,310 13 1,297         1,309      
Net (income) attributable to noncontrolling interests in the Operating Partnership (365)                     (365)
Comprehensive income:                        
Net income 19,221 19,221 192 19,029               19,221
Other comprehensive loss (62) (62)     (62)         (62)    
Total comprehensive income $ 19,159 19,159                    
Balance (in shares) at Jun. 30, 2025 107,886,915           107,886,915          
Balance at Jun. 30, 2025 $ 2,376,238 $ 2,349,522 $ 23,477 $ 2,324,310 $ (2,370) $ 4,105 $ 1,079 $ 26,716 $ 3,149,335 $ (2,370) $ 4,105 $ (802,627)
v3.25.2
HPI - Consolidated Statements of Equity (Parentheticals) - Highwoods Properties, Inc. [Member] - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dividends on Common Stock (per share) $ 0.50 $ 0.50 $ 1.00 $ 1.00
Series A Cumulative Redeemable Preferred Shares [Member]        
Dividends on Preferred Stock (per share) $ 21.5625 $ 21.5625 $ 43.125 $ 43.125
v3.25.2
HRLP - Consolidated Statements of Capital - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance $ 2,415,022 $ 2,407,570 $ 2,365,454 $ 2,438,022
Share-based compensation expense, net of forfeitures 1,310 1,125 6,277 5,958
Distributions to noncontrolling interests in consolidated affiliates (80) (100) (160) (100)
Net loss attributable to noncontrolling interests in consolidated affiliates   0 0 0
Comprehensive income:        
Net income 19,221 64,770 119,221 91,983
Other comprehensive loss (62) (62) (124) (124)
Total comprehensive income 19,159 64,708 119,097 91,859
Balance 2,376,238 2,418,793 2,376,238 2,418,793
Highwoods Realty Limited Partnership        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,386,211 2,378,759 2,336,643 2,409,211
Issuances of Common Units, net of issuance costs and tax withholdings 1,620 379 (142) (685)
Redemption of Common Units     (10)  
Distributions on Common Units (54,789) (53,870) (109,480) (107,612)
Distributions on Preferred Units (586) (621) (1,207) (1,242)
Share-based compensation expense, net of forfeitures 1,310 1,125 6,277 5,958
Distributions to noncontrolling interests in consolidated affiliates (80) (100) (160) (100)
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner (3,323) (398) (1,496) (7,407)
Net loss attributable to noncontrolling interests in consolidated affiliates   0 0 0
Comprehensive income:        
Net income 19,221 64,770 119,221 91,983
Other comprehensive loss (62) (62) (124) (124)
Total comprehensive income 19,159 64,708 119,097 91,859
Balance 2,349,522 2,389,982 2,349,522 2,389,982
General Partners' Common Units [Member] | Highwoods Realty Limited Partnership        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 23,842 23,760 23,345 24,064
Issuances of Common Units, net of issuance costs and tax withholdings 17 4 (1) (7)
Redemption of Common Units     0  
Distributions on Common Units (548) (539) (1,095) (1,076)
Distributions on Preferred Units (6) (6) (12) (12)
Share-based compensation expense, net of forfeitures 13 12 63 60
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner (33) (4) (15) (74)
Net loss attributable to noncontrolling interests in consolidated affiliates   0 0 0
Comprehensive income:        
Net income 192 648 1,192 920
Balance 23,477 23,875 23,477 23,875
Limited Partners' Common Units [Member] | Highwoods Realty Limited Partnership        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,360,492 2,352,338 2,311,253 2,382,419
Issuances of Common Units, net of issuance costs and tax withholdings 1,603 375 (141) (678)
Redemption of Common Units     (10)  
Distributions on Common Units (54,241) (53,331) (108,385) (106,536)
Distributions on Preferred Units (580) (615) (1,195) (1,230)
Share-based compensation expense, net of forfeitures 1,297 1,113 6,214 5,898
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner (3,290) (394) (1,481) (7,333)
Net loss attributable to noncontrolling interests in consolidated affiliates   2 26 7
Comprehensive income:        
Net income 19,029 64,122 118,029 91,063
Balance 2,324,310 2,363,610 2,324,310 2,363,610
Accumulated Other Comprehensive Income (Loss) [Member] | Highwoods Realty Limited Partnership        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance (2,308) (2,059) (2,246) (1,997)
Comprehensive income:        
Other comprehensive loss (62) (62) (124) (124)
Balance (2,370) (2,121) (2,370) (2,121)
Noncontrolling Interests in Consolidated Affiliates [Member] | Highwoods Realty Limited Partnership        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 4,185 4,720 4,291 4,725
Distributions to noncontrolling interests in consolidated affiliates (80) (100) (160) (100)
Net loss attributable to noncontrolling interests in consolidated affiliates   (2) (26) (7)
Comprehensive income:        
Balance $ 4,105 $ 4,618 $ 4,105 $ 4,618
v3.25.2
HRLP - Consolidated Statements of Capital (Parentheticals) - Highwoods Realty Limited Partnership - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Distributions on Common Units (per unit) $ 0.50 $ 0.50 $ 1.00 $ 1.00
Series A Cumulative Redeemable Preferred Shares [Member]        
Distributions on Preferred Units (per unit) $ 21.5625 $ 21.5625 $ 43.125 $ 43.1250
v3.25.2
HPI - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 119,221 $ 91,983
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146,084 147,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,122 565
Share-based compensation expense 6,277 5,958
Net credit losses on operating lease receivables 139 556
Accrued interest on mortgages and notes receivable (496) (166)
Amortization of debt issuance costs 2,821 2,788
Amortization of cash flow hedges (124) (124)
Amortization of mortgages and notes payable fair value adjustments 56 56
Losses on debt extinguishment 0 173
Net gains on disposition of property (82,215) (42,231)
Equity in earnings of unconsolidated affiliates (1,625) (1,774)
Distributions of earnings from unconsolidated affiliates 3,516 2,851
Changes in operating assets and liabilities:    
Accounts receivable 2,841 (916)
Prepaid expenses and other assets (4,904) (4,838)
Accrued straight-line rents receivable (6,004) (5,863)
Accounts payable, accrued expenses and other liabilities (23,854) 5,931
Net cash provided by operating activities 162,855 202,365
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (137,828) 0
Investments in development in-process (593) (4,149)
Investments in tenant improvements and deferred leasing costs (61,919) (65,880)
Investments in building improvements (21,551) (16,577)
Net proceeds from disposition of real estate assets 137,779 77,428
Distributions of capital from unconsolidated affiliates 3,742 5,331
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,333 31
Investments in and advances to unconsolidated affiliates (16,681) (42,126)
Changes in earnest money deposits 10,000 0
Changes in other investing activities 139 (3,789)
Net cash used in investing activities (82,156) (55,960)
Financing activities:    
Dividends on Common Stock (107,738) (105,870)
Redemptions/repurchases of Preferred Stock (2,095) 0
Redemptions of Common Units (10) 0
Dividends on Preferred Stock (1,207) (1,242)
Distributions to noncontrolling interests in the Operating Partnership (2,151) (2,151)
Distributions to noncontrolling interest in consolidated affiliates (160) (100)
Proceeds from the issuance of Common Stock 2,191 744
Costs paid for the issuance of Common Stock (324) 0
Repurchase of shares related to tax withholdings (2,009) (1,429)
Borrowings on revolving credit facility 237,000 90,000
Repayments of revolving credit facility (194,000) (110,000)
Repayments of mortgages and notes payable (3,865) (3,473)
Payments for debt issuance costs and other financing activities 0 (7,648)
Net cash used in financing activities (74,368) (141,169)
Net increase in cash and cash equivalents and restricted cash 6,331 5,236
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 40,008 36,805
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 21,193 27,003
Restricted cash at end of the period 18,815 9,802
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 71,400 56,237
Supplemental disclosure of non-cash investing and financing activities:    
Conversions of Common Units to Common Stock 0 132
Changes in accrued capital expenditures [1] (2,218) (1,431)
Write-off of fully depreciated real estate assets 54,439 41,419
Write-off of fully amortized leasing costs 25,199 13,720
Write-off of fully amortized debt issuance costs 0 4,083
Adjustment of noncontrolling interests in the Operating Partnership to fair value 927 7,467
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 50,700 $ 54,100
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of June 30, 2025 and 2024 were $50.7 million and $54.1 million, respectively.
v3.25.2
HRLP - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 119,221 $ 91,983
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146,084 147,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,122 565
Share-based compensation expense 6,277 5,958
Net credit losses on operating lease receivables 139 556
Accrued interest on mortgages and notes receivable (496) (166)
Amortization of debt issuance costs 2,821 2,788
Amortization of cash flow hedges (124) (124)
Amortization of mortgages and notes payable fair value adjustments 56 56
Losses on debt extinguishment 0 173
Net gains on disposition of property (82,215) (42,231)
Equity in earnings of unconsolidated affiliates (1,625) (1,774)
Distributions of earnings from unconsolidated affiliates 3,516 2,851
Changes in operating assets and liabilities:    
Accounts receivable 2,841 (916)
Prepaid expenses and other assets (4,904) (4,838)
Accrued straight-line rents receivable (6,004) (5,863)
Accounts payable, accrued expenses and other liabilities (23,854) 5,931
Net cash provided by operating activities 162,855 202,365
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (137,828) 0
Investments in development in-process (593) (4,149)
Investments in tenant improvements and deferred leasing costs (61,919) (65,880)
Investments in building improvements (21,551) (16,577)
Net proceeds from disposition of real estate assets 137,779 77,428
Distributions of capital from unconsolidated affiliates 3,742 5,331
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,333 31
Investments in and advances to unconsolidated affiliates (16,681) (42,126)
Changes in earnest money deposits 10,000 0
Changes in other investing activities 139 (3,789)
Net cash used in investing activities (82,156) (55,960)
Financing activities:    
Redemptions of Common Units (10) 0
Distributions to noncontrolling interest in consolidated affiliates (160) (100)
Borrowings on revolving credit facility 237,000 90,000
Repayments of revolving credit facility (194,000) (110,000)
Repayments of mortgages and notes payable (3,865) (3,473)
Payments for debt issuance costs and other financing activities 0 (7,648)
Net cash used in financing activities (74,368) (141,169)
Net increase in cash and cash equivalents and restricted cash 6,331 5,236
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 40,008 36,805
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 21,193 27,003
Restricted cash at end of the period 18,815 9,802
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 71,400 56,237
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,218) (1,431)
Write-off of fully depreciated real estate assets 54,439 41,419
Write-off of fully amortized leasing costs 25,199 13,720
Write-off of fully amortized debt issuance costs 0 4,083
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 50,700 54,100
Highwoods Realty Limited Partnership    
Operating activities:    
Net income 119,221 91,983
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146,084 147,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,122 565
Share-based compensation expense 6,277 5,958
Net credit losses on operating lease receivables 139 556
Accrued interest on mortgages and notes receivable (496) (166)
Amortization of debt issuance costs 2,821 2,788
Amortization of cash flow hedges (124) (124)
Amortization of mortgages and notes payable fair value adjustments 56 56
Losses on debt extinguishment 0 173
Net gains on disposition of property (82,215) (42,231)
Equity in earnings of unconsolidated affiliates (1,625) (1,774)
Distributions of earnings from unconsolidated affiliates 3,516 2,851
Changes in operating assets and liabilities:    
Accounts receivable 2,841 (916)
Prepaid expenses and other assets (4,904) (4,838)
Accrued straight-line rents receivable (6,004) (5,863)
Accounts payable, accrued expenses and other liabilities (23,854) 5,931
Net cash provided by operating activities 162,855 202,365
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (137,828) 0
Investments in development in-process (593) (4,149)
Investments in tenant improvements and deferred leasing costs (61,919) (65,880)
Investments in building improvements (21,551) (16,577)
Net proceeds from disposition of real estate assets 137,779 77,428
Distributions of capital from unconsolidated affiliates 3,742 5,331
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,333 31
Investments in and advances to unconsolidated affiliates (16,681) (42,126)
Changes in earnest money deposits 10,000 0
Changes in other investing activities 139 (3,789)
Net cash used in investing activities (82,156) (55,960)
Financing activities:    
Distributions on Common Units (109,480) (107,612)
Redemptions/repurchases of Preferred Units (2,095) 0
Redemptions of Common Units (10) 0
Distributions on Preferred Units (1,207) (1,242)
Distributions to noncontrolling interest in consolidated affiliates (160) (100)
Proceeds from the issuance of Common Units 2,191 744
Costs paid for the issuance of Common Units (324) 0
Repurchase of units related to tax withholdings (2,009) (1,429)
Borrowings on revolving credit facility 237,000 90,000
Repayments of revolving credit facility (194,000) (110,000)
Repayments of mortgages and notes payable (3,865) (3,473)
Payments for debt issuance costs and other financing activities (409) (8,057)
Net cash used in financing activities (74,368) (141,169)
Net increase in cash and cash equivalents and restricted cash 6,331 5,236
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 40,008 36,805
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 21,193 27,003
Restricted cash at end of the period 18,815 9,802
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 71,400 56,237
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,218) (1,431)
Write-off of fully depreciated real estate assets 54,439 41,419
Write-off of fully amortized leasing costs 25,199 13,720
Write-off of fully amortized debt issuance costs 0 4,083
Adjustment of Redeemable Common Units to fair value 1,087 6,998
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 50,700 $ 54,100
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of June 30, 2025 and 2024 were $50.7 million and $54.1 million, respectively.
v3.25.2
Description of Business and Significant Accounting Policies
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Significant Accounting Policies Description of Business and Significant Accounting Policies
Description of Business

Highwoods Properties, Inc. (the “Company”) is a fully integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). As of June 30, 2025, we owned or had an interest in 27.3 million rentable square feet of in-service properties, 1.4 million rentable square feet of office properties under development and development land with approximately 4.5 million rentable square feet of potential office build out.

Capital Structure

The Company is the sole general partner of the Operating Partnership. As of June 30, 2025, the Company owned all of the Preferred Units and 107.5 million, or 98.0%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.2 million Common Units. During the six months ended June 30, 2025, the Company redeemed 326 Common Units for cash.

Under our existing equity distribution agreements, the Company may offer and sell up to $300.0 million in aggregate gross sales price of shares of Common Stock. During each of the three and six months ended June 30, 2025, the Company issued 44,819 shares of Common Stock under its equity distribution agreements at an average gross sales price of $31.64 per share and received net proceeds, after sales commissions, of $1.4 million.

Basis of Presentation

Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

The Company’s Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership’s Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. We consolidate joint venture investments, such as interests in partnerships and limited liability companies, when we control the major operating and financial policies of the investment through majority ownership, in our capacity as a general partner or managing member or through some other contractual right. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary.

As of June 30, 2025, we are involved with six entities we determined to be variable interest entities, one of which we are the primary beneficiary and is consolidated and five of which we are not the primary beneficiary and are not consolidated.

All intercompany transactions and accounts have been eliminated.

In the opinion of management, the unaudited interim Consolidated Financial Statements and accompanying unaudited consolidated financial information contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2024 Annual Report on Form 10-K.
Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.

Insurance

We are primarily self-insured for health care claims for participating employees. To limit our exposure to significant claims, we have stop-loss coverage on a per claim and annual aggregate basis. We use all relevant information to determine our liabilities for claims, including actuarial estimates of claim liabilities. When determining our liabilities, we include claims for incurred losses, even if they are unreported. As of June 30, 2025, a reserve of $0.4 million was recorded to cover estimated reported and unreported claims.

Recently Issued Accounting Standards

The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that requires enhanced segment disclosures, primarily regarding significant segment expenses. We have adopted this ASU and applied the new requirements retrospectively to all prior periods presented in the financial statements. Accordingly, our segment disclosures now include rental property and other expenses for each of our reportable segments. See Note 12.

The FASB issued an ASU that requires disaggregated disclosure of income statement expenses. Certain expense captions will be disaggregated into specified categories in disclosures within the Notes to Consolidated Financial Statements. The ASU is required to be adopted starting with our 2027 Annual Report on Form 10-K. We do not expect this adoption will have a material effect on our Consolidated Financial Statements.
v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
Operating Leases

We generally lease our office properties to lessees in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance. Our office properties that are under lease are primarily located in Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa and are leased to a wide variety of lessees across many industries. Our leases are operating leases and mostly range from three to 10 years. We recognized rental and other revenues related to operating lease payments of $222.1 million and $201.0 million during the three months ended June 30, 2025 and 2024, respectively, and $392.9 million and $408.8 million during the six months ended June 30, 2025 and 2024, respectively. Included in these amounts were variable lease payments of $16.7 million and $16.6 million during the three months ended June 30, 2025 and 2024, respectively, and $33.6 million and $39.1 million during the six months ended June 30, 2025 and 2024, respectively.
v3.25.2
Investments in and Advances to Affiliates
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates Investments in and Advances to Affiliates
Unconsolidated Affiliates

- Granite Park Six JV, LLC/ GPI 23 Springs JV, LLC (“Granite Park Six and 23Springs joint ventures”)

We own the Granite Park Six and 23Springs buildings in Dallas as part of two joint ventures with Granite Properties (“Granite”). We own a 50.0% interest in each of these two joint ventures. We determined that we have a variable interest in both the Granite Park Six and 23Springs joint ventures primarily because the entities were designed to pass along interest rate risk, equity price risk and operation risk to us and Granite as equity holders. The joint ventures were further determined to be variable interest entities as they require additional subordinated financial support in the form of loans because the initial equity investments provided by us and Granite were not sufficient to finance the planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of either entity and therefore do not qualify as the primary beneficiary. Accordingly, the entities are not consolidated.

As of June 30, 2025, our risk of loss with respect to these arrangements was limited to the carrying value of each investment balance. Our investment balances were $75.7 million and $103.4 million as of June 30, 2025 for the Granite Park Six and 23Springs joint ventures, respectively. The assets of the Granite Park Six and 23Springs joint ventures can be used only to settle obligations of the respective joint venture, and their creditors have no recourse to our wholly owned assets.

- M+O JV, LLC (“McKinney & Olive joint venture”)

We own the McKinney & Olive building in Dallas as part of a joint venture with Granite in which we own a 50.0% interest. As part of the original acquisition of McKinney & Olive, the McKinney & Olive joint venture assumed a secured loan recorded at fair value of $137.0 million, with a stated interest rate of 4.5% and an effective interest rate of 5.3%. We determined that we have a variable interest in the McKinney & Olive joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us and Granite as equity holders. The McKinney & Olive joint venture was further determined to be a variable interest entity as it required additional subordinated financial support in the form of the secured mortgage loan because the initial equity investments by us and Granite were not sufficient to finance its planned investments and operations. The secured mortgage loan was subsequently paid in full at maturity during 2024. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated.

As of June 30, 2025, our risk of loss with respect to this arrangement was limited to the carrying value of our investment balance of $180.8 million. The assets of the McKinney & Olive joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.

- Midtown East Tampa, LLC (“Midtown East joint venture”)

We own the Midtown East building in Tampa as part of a joint venture with The Bromley Companies (“Bromley”) in which we own a 50.0% interest. We determined that we have a variable interest in the Midtown East joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and equity holder and to Bromley as an equity holder. The Midtown East joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Bromley were not sufficient to finance its planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated.

As of June 30, 2025, our risk of loss with respect to this arrangement was $43.9 million, which consists of the $13.6 million carrying value of our investment balance plus the $30.3 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the Midtown East joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.
- Brand/HRLP 2827 Peachtree LLC (“2827 Peachtree joint venture”)

We own the 2827 Peachtree building in Atlanta as part of a joint venture with Brand Properties, LLC (“Brand”) in which we own a 50.0% interest. We determined that we have a variable interest in the 2827 Peachtree joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and equity holder and to Brand as an equity holder. The 2827 Peachtree joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Brand were not sufficient to finance its planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated.

As of June 30, 2025, our risk of loss with respect to this arrangement was $60.7 million, which consists of the $12.3 million carrying value of our investment balance plus the $48.4 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the 2827 Peachtree joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.

Consolidated Affiliate

- HRLP MTW, LLC (“Midtown West joint venture”)

We own the Midtown West building in Tampa as part of a joint venture with Bromley in which we own an 80.0% interest. We determined that we have a variable interest in the Midtown West joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us and Bromley as equity holders. The Midtown West joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Bromley were not sufficient to finance its planned investments and operations. We, as the majority owner and managing member and through our control rights as set forth in the joint venture’s governance documents, were determined to be the primary beneficiary as we have both the power to direct the activities that most significantly affect the entity (primarily lease rates, property operations and capital expenditures) and significant economic exposure through our equity investment. As such, the Midtown West joint venture is consolidated and all intercompany transactions and accounts are eliminated.

The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:
June 30,
2025		December 31,
2024
Net real estate assets$57,438 $58,443 
Cash and cash equivalents$1,317 $1,530 
Accounts receivable$191 $42 
Accrued straight-line rents receivable$5,361 $5,192 
Deferred leasing costs, net$2,419 $2,596 
Prepaid expenses and other assets, net$87 $104 
Mortgages and notes payable, net$44,195 $44,325 
Accounts payable, accrued expenses and other liabilities$1,326 $1,297 
The assets of the Midtown West joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.
v3.25.2
Real Estate Assets
 6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Real Estate Assets Real Estate Assets
Acquisitions

During the first quarter of 2025, we acquired Advance Auto Parts Tower, a 346,000 square foot office building in Raleigh, for a total purchase price, including capitalized acquisition costs, of $137.9 million. The assets acquired and liabilities assumed were recorded at fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations.

Dispositions
During the first quarter of 2025, we sold three buildings in Tampa and land in Pittsburgh for an aggregate sales price of $146.3 million and recorded aggregate net gains on disposition of property of $82.2 million.
v3.25.2
Intangible Assets and Below Market Lease Liabilities
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities Intangible Assets and Below Market Lease Liabilities
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

June 30,
2025		December 31,
2024
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$387,274 $380,279 
Less accumulated amortization(165,665)(170,312)
$221,609 $209,967 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$30,769 $37,482 
Less accumulated amortization(15,999)(21,296)
$14,770 $16,186 

The following table sets forth amortization of intangible assets and below market lease liabilities:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$9,070 $9,984 $18,074 $19,629 
Amortization of lease incentives (in rental and other revenues)$660 $550 $1,305 $1,243 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$636 $794 $1,234 $1,596 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(665)$(1,130)$(1,417)$(2,274)
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)Amortization of Lease Incentives (in Rental and Other Revenues)Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2025$19,090 $1,237 $1,197 $(1,309)
202634,494 2,247 2,161 (2,431)
202730,225 2,011 1,680 (2,062)
202826,220 1,801 1,544 (1,649)
202923,431 1,507 1,432 (1,377)
Thereafter62,970 4,782 3,580 (5,942)
$196,430 $13,585 $11,594 $(14,770)
Weighted average remaining amortization periods as of June 30, 2025 (in years)7.27.76.77.7

The following table sets forth the intangible assets acquired as a result of the acquisition of Advance Auto Parts Tower in the first quarter of 2025:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
Amount recorded at acquisition$1,656 $16,445 
Weighted average remaining amortization periods as of June 30, 2025 (in years)8.17.8
v3.25.2
Mortgages and Notes Payable
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Mortgages and Notes Payable Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

June 30,
2025		December 31,
2024
Secured indebtedness$707,567 $712,186 
Unsecured indebtedness2,639,626 2,595,815 
Less-unamortized debt issuance costs(12,808)(14,442)
Total mortgages and notes payable, net$3,334,385 $3,293,559 

As of June 30, 2025, our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $1,240.4 million.

Our $750.0 million unsecured revolving credit facility is scheduled to mature in January 2028 (but can be extended for two additional six-month periods at our option assuming no defaults have occurred). The interest rate on our revolving credit facility is SOFR plus a related spread adjustment of 10 basis points and a borrowing spread of 85 basis points, based on current credit ratings. The annual facility fee is 20 basis points. The interest rate and facility fee are based on the higher of the publicly announced ratings from Moody’s Investors Service or Standard & Poor’s Ratings Services. The interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. There was $147.0 million and $137.0 million outstanding under our revolving credit facility as of June 30, 2025 and July 22, 2025, respectively. As of both June 30, 2025 and July 22, 2025, we had $0.1 million of outstanding letters of credit, which reduce the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility as of June 30, 2025 and July 22, 2025 was $602.9 million and $612.9 million, respectively.

We are currently in compliance with financial covenants with respect to our consolidated debt.

We have considered our short-term liquidity needs within one year from July 29, 2025 (the date of issuance of the quarterly financial statements) and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. In particular, we have given consideration to our scheduled debt maturities during such one-year period, which consists of a $200.0 million unsecured bank term loan that is scheduled to mature in May 2026. We have concluded it is probable we will meet these short-term liquidity requirements through a combination of the following:

•available cash and cash equivalents;

•cash flows from operating activities;

•issuance of debt securities by the Operating Partnership;

•issuance of secured debt;

•bank term loans;

•borrowings under our revolving credit facility;

•issuance of equity securities by the Company or the Operating Partnership; and

•the disposition of non-core assets.
v3.25.2
Noncontrolling Interests
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

As of June 30, 2025, our noncontrolling interest in consolidated affiliates relates to our joint venture partner's 20.0% interest in the Midtown West joint venture. Our joint venture partner is an unrelated third party.

Noncontrolling Interests in the Operating Partnership

The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Beginning noncontrolling interests in the Operating Partnership$63,759 $56,324 $65,791 $49,520 
Adjustment of noncontrolling interests in the Operating Partnership to fair value3,829 (12)927 7,467 
Conversions of Common Units to Common Stock— — — (132)
Redemptions of Common Units— — (10)— 
Net income attributable to noncontrolling interests in the Operating Partnership365 1,281 2,321 1,814 
Distributions to noncontrolling interests in the Operating Partnership(1,075)(1,075)(2,151)(2,151)
Total noncontrolling interests in the Operating Partnership$66,878 $56,518 $66,878 $56,518 

The following table sets forth net income available for common stockholders and transfers from the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Net income available for common stockholders$18,270 $62,870 $115,719 $88,934 
Increase in additional paid in capital from conversions of Common Units to Common Stock— — — 132 
Redemptions of Common Units— — 10 — 
Change from net income available for common stockholders and transfers from noncontrolling interests$18,270 $62,870 $115,729 $89,066 
v3.25.2
Disclosure About Fair Value of Financial Instruments
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Disclosure About Fair Value of Financial Instruments Disclosure About Fair Value of Financial Instruments
The following summarizes the levels of inputs that we use to measure fair value.

Level 1.  Quoted prices in active markets for identical assets or liabilities.

Our Level 1 asset is our investment in marketable securities that we use to pay benefits under our non-qualified deferred compensation plan. Our Level 1 liability is our non-qualified deferred compensation obligation. The Company’s Level 1 noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company.

Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

Our Level 2 assets include the fair value of our mortgages and notes receivable. Our Level 2 liabilities include the fair value of our mortgages and notes payable and any interest rate swaps.

The fair value of mortgages and notes receivable and mortgages and notes payable is estimated by the income approach, which uses contractual cash flows and market-based interest rates to approximate the price that would be paid in an orderly transaction between market participants. The fair value of any interest rate swaps is determined using the market standard
methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments of interest rate swaps are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. In addition, credit valuation adjustments are considered in the fair values to account for potential nonperformance risk, but were concluded to not be significant inputs to the calculation for the periods presented.

Level 3. Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Our Level 3 assets include any real estate assets recorded at fair value on a non-recurring basis as a result of our quarterly impairment analysis, which are valued using unobservable local and national industry market data such as comparable sales, appraisals, brokers’ opinions of value and/or the terms of definitive sales contracts. Significant increases or decreases in any valuation inputs in isolation would result in a significantly lower or higher fair value measurement.

The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:

Level 1Level 2Level 3
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities		Significant Observable InputsSignificant Unobservable Inputs
Fair Value as of June 30, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$6,227 $— $6,227 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,617 1,617 — — 
Total Assets$7,844 $1,617 $6,227 $— 
Noncontrolling Interests in the Operating Partnership$66,878 $66,878 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,208,003 $— $3,208,003 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,617 1,617 — — 
Total Liabilities
$3,209,620 $1,617 $3,208,003 $— 
Fair Value as of December 31, 2024:
Assets:
Mortgages and notes receivable, at fair value (1)
$11,064 $— $11,064 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,295 2,295 — — 
Impaired real estate assets
26,740 — — 26,740 
Total Assets$40,099 $2,295 $11,064 $26,740 
Noncontrolling Interests in the Operating Partnership$65,791 $65,791 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,097,323 $— $3,097,323 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,295 2,295 — — 
Total Liabilities
$3,099,618 $2,295 $3,097,323 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024.
v3.25.2
Share-Based Payments
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Payments Share-Based Payments
During the six months ended June 30, 2025, the Company granted 144,112 shares of time-based restricted stock and 117,568 shares of total return-based restricted stock with weighted average grant date fair values per share of $29.31 and $30.42, respectively. We recorded share-based compensation expense of $1.3 million and $1.1 million during the three months ended June 30, 2025 and 2024, respectively, and $6.3 million and $6.0 million during the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, there was $5.6 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.2 years.
v3.25.2
Real Estate and Other Assets Held For Sale
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets Held For Sale Real Estate and Other Assets Held For Sale
The following table sets forth our assets held for sale, which are considered non-core:

June 30,
2025		December 31,
2024
Assets:
Land$— $6,232 
Buildings and tenant improvements— 98,081 
Less-accumulated depreciation— (58,511)
Net real estate assets— 45,802 
Accrued straight-line rents receivable— 6,581 
Deferred leasing costs, net— 2,784 
Prepaid expenses and other assets, net— 242 
Real estate and other assets, net, held for sale$— $55,409 
v3.25.2
Earnings Per Share and Per Unit
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Earnings per Common Share - basic:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(365)(1,281)(2,321)(1,814)
Net loss attributable to noncontrolling interests in consolidated affiliates — 2 26 7 
Dividends on Preferred Stock(586)(621)(1,207)(1,242)
Net income available for common stockholders$18,270 $62,870 $115,719 $88,934 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
107,825 105,996 107,754 105,900 
Net income available for common stockholders$0.17 $0.59 $1.07 $0.84 
Earnings per Common Share - diluted:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 2 26 7 
Dividends on Preferred Stock(586)(621)(1,207)(1,242)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$18,635 $64,151 $118,040 $90,748 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
107,825 105,996 107,754 105,900 
Add:
Noncontrolling interests Common Units2,151 2,151 2,151 2,153 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
109,976 108,147 109,905 108,053 
Net income available for common stockholders$0.17 $0.59 $1.07 $0.84 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Earnings per Common Unit - basic:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 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 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
109,567 107,738 109,496 107,644 
Net income available for common unitholders$0.17 $0.60 $1.08 $0.84 
Earnings per Common Unit - diluted:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 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 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
109,567 107,738 109,496 107,644 
Net income available for common unitholders$0.17 $0.60 $1.08 $0.84 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our principal business is the operation, acquisition and development of rental office properties. We evaluate our business by geographic location, which is why our primary geographic locations are included as reportable segments below. The operating results by geographic grouping are regularly reviewed by our chief operating decision maker for assessing performance and other purposes. Our chief executive officer is our chief operating decision maker. There are no material inter-segment transactions.
Our accounting policies of the segments are the same as those used in our Consolidated Financial Statements. All operations are within the United States.
The following tables summarize rental and other revenues, rental property and other expenses and net operating income for each of our reportable segments. Net operating income is the primary industry property-level performance metric used by our chief operating decision maker and is defined as rental and other revenues less rental property and other expenses. Our chief operating decision maker uses net operating income to help assess segment performance and decide how to allocate resources accordingly.

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Rental and other revenues:
Atlanta$36,299 $36,614 $71,893 $73,057 
Charlotte21,910 22,264 43,966 43,981 
Nashville39,653 40,517 79,197 85,555 
Orlando14,544 14,804 28,840 29,580 
Raleigh44,815 42,628 89,309 87,806 
Richmond9,318 9,061 18,496 18,062 
Tampa21,174 24,436 43,886 49,015 
Rental and other revenues for reportable segments187,713 190,324 375,587 387,056 
Other12,887 14,414 25,396 28,957 
Total rental and other revenues200,600 204,738 400,983 416,013 
Rental property and other expenses:
Atlanta13,467 13,552 27,835 27,375 
Charlotte6,003 6,154 11,844 11,943 
Nashville11,017 10,032 22,374 23,764 
Orlando5,495 5,982 11,037 11,590 
Raleigh11,628 10,869 23,361 23,961 
Richmond2,605 2,719 5,608 5,403 
Tampa7,846 9,102 16,455 18,193 
Rental property and other expenses for reportable segments58,061 58,410 118,514 122,229 
Other5,594 6,149 10,175 12,765 
Total rental property and other expenses63,655 64,559 128,689 134,994 
Net operating income:
Atlanta22,832 23,062 44,058 45,682 
Charlotte15,907 16,110 32,122 32,038 
Nashville28,636 30,485 56,823 61,791 
Orlando9,049 8,822 17,803 17,990 
Raleigh33,187 31,759 65,948 63,845 
Richmond6,713 6,342 12,888 12,659 
Tampa13,328 15,334 27,431 30,822 
Net operating income for reportable segments129,652 131,914 257,073 264,827 
Other7,293 8,265 15,221 16,192 
Total net operating income$136,945 $140,179 $272,294 $281,019 
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Reconciliation to net income:
Depreciation and amortization$(74,679)$(73,745)$(146,084)$(147,416)
General and administrative expenses(10,319)(9,357)(22,776)(21,856)
Interest expense(37,665)(35,904)(74,307)(72,456)
Other income4,629 7,455 6,254 8,687 
Gains on disposition of property— 35,022 82,215 42,231 
Equity in earnings of unconsolidated affiliates310 1,120 1,625 1,774 
Net income$19,221 $64,770 $119,221 $91,983 
v3.25.2
Subsequent Events
 6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 24, 2025, the Company declared a cash dividend of $0.50 per share of Common Stock, which is payable on September 9, 2025 to stockholders of record as of August 18, 2025.
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
Description of Business and Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

Our Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

The Company’s Consolidated Financial Statements include the Operating Partnership, wholly owned subsidiaries and those entities in which the Company has the controlling interest. The Operating Partnership’s Consolidated Financial Statements include wholly owned subsidiaries and those entities in which the Operating Partnership has the controlling interest. We consolidate joint venture investments, such as interests in partnerships and limited liability companies, when we control the major operating and financial policies of the investment through majority ownership, in our capacity as a general partner or managing member or through some other contractual right. In addition, we consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary.

As of June 30, 2025, we are involved with six entities we determined to be variable interest entities, one of which we are the primary beneficiary and is consolidated and five of which we are not the primary beneficiary and are not consolidated.

All intercompany transactions and accounts have been eliminated.

In the opinion of management, the unaudited interim Consolidated Financial Statements and accompanying unaudited consolidated financial information contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2024 Annual Report on Form 10-K.
Use of Estimates
Use of Estimates

The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.
Insurance
Insurance
We are primarily self-insured for health care claims for participating employees. To limit our exposure to significant claims, we have stop-loss coverage on a per claim and annual aggregate basis. We use all relevant information to determine our liabilities for claims, including actuarial estimates of claim liabilities. When determining our liabilities, we include claims for incurred losses, even if they are unreported.
Recently Issued Accounting Standards
Recently Issued Accounting Standards

The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that requires enhanced segment disclosures, primarily regarding significant segment expenses. We have adopted this ASU and applied the new requirements retrospectively to all prior periods presented in the financial statements. Accordingly, our segment disclosures now include rental property and other expenses for each of our reportable segments. See Note 12.

The FASB issued an ASU that requires disaggregated disclosure of income statement expenses. Certain expense captions will be disaggregated into specified categories in disclosures within the Notes to Consolidated Financial Statements. The ASU is required to be adopted starting with our 2027 Annual Report on Form 10-K. We do not expect this adoption will have a material effect on our Consolidated Financial Statements.
v3.25.2
Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2025
Variable Interest Entities [Abstract]  
Schedule of Variable Interest Entities
The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:
June 30,
2025		December 31,
2024
Net real estate assets$57,438 $58,443 
Cash and cash equivalents$1,317 $1,530 
Accounts receivable$191 $42 
Accrued straight-line rents receivable$5,361 $5,192 
Deferred leasing costs, net$2,419 $2,596 
Prepaid expenses and other assets, net$87 $104 
Mortgages and notes payable, net$44,195 $44,325 
Accounts payable, accrued expenses and other liabilities$1,326 $1,297 
v3.25.2
Intangible Assets and Below Market Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Total Intangible Assets and Below Market Lease Liabilities
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

June 30,
2025		December 31,
2024
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$387,274 $380,279 
Less accumulated amortization(165,665)(170,312)
$221,609 $209,967 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$30,769 $37,482 
Less accumulated amortization(15,999)(21,296)
$14,770 $16,186 
Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth amortization of intangible assets and below market lease liabilities:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$9,070 $9,984 $18,074 $19,629 
Amortization of lease incentives (in rental and other revenues)$660 $550 $1,305 $1,243 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$636 $794 $1,234 $1,596 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(665)$(1,130)$(1,417)$(2,274)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)Amortization of Lease Incentives (in Rental and Other Revenues)Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
July 1 through December 31, 2025$19,090 $1,237 $1,197 $(1,309)
202634,494 2,247 2,161 (2,431)
202730,225 2,011 1,680 (2,062)
202826,220 1,801 1,544 (1,649)
202923,431 1,507 1,432 (1,377)
Thereafter62,970 4,782 3,580 (5,942)
$196,430 $13,585 $11,594 $(14,770)
Weighted average remaining amortization periods as of June 30, 2025 (in years)7.27.76.77.7
Total Intangible Assets from Acquisition Activity
The following table sets forth the intangible assets acquired as a result of the acquisition of Advance Auto Parts Tower in the first quarter of 2025:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
Amount recorded at acquisition$1,656 $16,445 
Weighted average remaining amortization periods as of June 30, 2025 (in years)8.17.8
v3.25.2
Mortgages and Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Consolidated Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

June 30,
2025		December 31,
2024
Secured indebtedness$707,567 $712,186 
Unsecured indebtedness2,639,626 2,595,815 
Less-unamortized debt issuance costs(12,808)(14,442)
Total mortgages and notes payable, net$3,334,385 $3,293,559 
v3.25.2
Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Line Items]  
Noncontrolling Interests in the Operating Partnership
The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Beginning noncontrolling interests in the Operating Partnership$63,759 $56,324 $65,791 $49,520 
Adjustment of noncontrolling interests in the Operating Partnership to fair value3,829 (12)927 7,467 
Conversions of Common Units to Common Stock— — — (132)
Redemptions of Common Units— — (10)— 
Net income attributable to noncontrolling interests in the Operating Partnership365 1,281 2,321 1,814 
Distributions to noncontrolling interests in the Operating Partnership(1,075)(1,075)(2,151)(2,151)
Total noncontrolling interests in the Operating Partnership$66,878 $56,518 $66,878 $56,518 
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership
The following table sets forth net income available for common stockholders and transfers from the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Net income available for common stockholders$18,270 $62,870 $115,719 $88,934 
Increase in additional paid in capital from conversions of Common Units to Common Stock— — — 132 
Redemptions of Common Units— — 10 — 
Change from net income available for common stockholders and transfers from noncontrolling interests$18,270 $62,870 $115,729 $89,066 
v3.25.2
Disclosure About Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests
The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:

Level 1Level 2Level 3
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities		Significant Observable InputsSignificant Unobservable Inputs
Fair Value as of June 30, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$6,227 $— $6,227 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,617 1,617 — — 
Total Assets$7,844 $1,617 $6,227 $— 
Noncontrolling Interests in the Operating Partnership$66,878 $66,878 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,208,003 $— $3,208,003 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,617 1,617 — — 
Total Liabilities
$3,209,620 $1,617 $3,208,003 $— 
Fair Value as of December 31, 2024:
Assets:
Mortgages and notes receivable, at fair value (1)
$11,064 $— $11,064 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,295 2,295 — — 
Impaired real estate assets
26,740 — — 26,740 
Total Assets$40,099 $2,295 $11,064 $26,740 
Noncontrolling Interests in the Operating Partnership$65,791 $65,791 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,097,323 $— $3,097,323 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,295 2,295 — — 
Total Liabilities
$3,099,618 $2,295 $3,097,323 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024.
v3.25.2
Real Estate and Other Assets Held For Sale (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets of the Properties Classified As Held For Sale
The following table sets forth our assets held for sale, which are considered non-core:

June 30,
2025		December 31,
2024
Assets:
Land$— $6,232 
Buildings and tenant improvements— 98,081 
Less-accumulated depreciation— (58,511)
Net real estate assets— 45,802 
Accrued straight-line rents receivable— 6,581 
Deferred leasing costs, net— 2,784 
Prepaid expenses and other assets, net— 242 
Real estate and other assets, net, held for sale$— $55,409 
v3.25.2
Earnings Per Share and Per Unit (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share and Per Unit Basic and Diluted [Line Items]  
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Earnings per Common Share - basic:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(365)(1,281)(2,321)(1,814)
Net loss attributable to noncontrolling interests in consolidated affiliates — 2 26 7 
Dividends on Preferred Stock(586)(621)(1,207)(1,242)
Net income available for common stockholders$18,270 $62,870 $115,719 $88,934 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
107,825 105,996 107,754 105,900 
Net income available for common stockholders$0.17 $0.59 $1.07 $0.84 
Earnings per Common Share - diluted:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 2 26 7 
Dividends on Preferred Stock(586)(621)(1,207)(1,242)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$18,635 $64,151 $118,040 $90,748 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
107,825 105,996 107,754 105,900 
Add:
Noncontrolling interests Common Units2,151 2,151 2,151 2,153 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
109,976 108,147 109,905 108,053 
Net income available for common stockholders$0.17 $0.59 $1.07 $0.84 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
Highwoods Realty Limited Partnership  
Earnings Per Share and Per Unit Basic and Diluted [Line Items]  
Earnings Per Unit
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Earnings per Common Unit - basic:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 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 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
109,567 107,738 109,496 107,644 
Net income available for common unitholders$0.17 $0.60 $1.08 $0.84 
Earnings per Common Unit - diluted:
Numerator:
Net income$19,221 $64,770 $119,221 $91,983 
Net loss attributable to noncontrolling interests in consolidated affiliates— 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 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
109,567 107,738 109,496 107,644 
Net income available for common unitholders$0.17 $0.60 $1.08 $0.84 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following tables summarize rental and other revenues, rental property and other expenses and net operating income for each of our reportable segments. Net operating income is the primary industry property-level performance metric used by our chief operating decision maker and is defined as rental and other revenues less rental property and other expenses. Our chief operating decision maker uses net operating income to help assess segment performance and decide how to allocate resources accordingly.

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Rental and other revenues:
Atlanta$36,299 $36,614 $71,893 $73,057 
Charlotte21,910 22,264 43,966 43,981 
Nashville39,653 40,517 79,197 85,555 
Orlando14,544 14,804 28,840 29,580 
Raleigh44,815 42,628 89,309 87,806 
Richmond9,318 9,061 18,496 18,062 
Tampa21,174 24,436 43,886 49,015 
Rental and other revenues for reportable segments187,713 190,324 375,587 387,056 
Other12,887 14,414 25,396 28,957 
Total rental and other revenues200,600 204,738 400,983 416,013 
Segment, Reconciliation of Other Items from Segments to Consolidated
Rental property and other expenses:
Atlanta13,467 13,552 27,835 27,375 
Charlotte6,003 6,154 11,844 11,943 
Nashville11,017 10,032 22,374 23,764 
Orlando5,495 5,982 11,037 11,590 
Raleigh11,628 10,869 23,361 23,961 
Richmond2,605 2,719 5,608 5,403 
Tampa7,846 9,102 16,455 18,193 
Rental property and other expenses for reportable segments58,061 58,410 118,514 122,229 
Other5,594 6,149 10,175 12,765 
Total rental property and other expenses63,655 64,559 128,689 134,994 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Net operating income:
Atlanta22,832 23,062 44,058 45,682 
Charlotte15,907 16,110 32,122 32,038 
Nashville28,636 30,485 56,823 61,791 
Orlando9,049 8,822 17,803 17,990 
Raleigh33,187 31,759 65,948 63,845 
Richmond6,713 6,342 12,888 12,659 
Tampa13,328 15,334 27,431 30,822 
Net operating income for reportable segments129,652 131,914 257,073 264,827 
Other7,293 8,265 15,221 16,192 
Total net operating income$136,945 $140,179 $272,294 $281,019 
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Reconciliation to net income:
Depreciation and amortization$(74,679)$(73,745)$(146,084)$(147,416)
General and administrative expenses(10,319)(9,357)(22,776)(21,856)
Interest expense(37,665)(35,904)(74,307)(72,456)
Other income4,629 7,455 6,254 8,687 
Gains on disposition of property— 35,022 82,215 42,231 
Equity in earnings of unconsolidated affiliates310 1,120 1,625 1,774 
Net income$19,221 $64,770 $119,221 $91,983 
v3.25.2
Description of Business and Significant Accounting Policies (Details)
$ / shares in Units, $ in Thousands, ft² in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
ft²
numberOfEntities
$ / shares
shares
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
ft²
numberOfEntities
$ / shares
shares
Jun. 30, 2024
USD ($)
Description of Business [Abstract]        
Rentable square feet of commercial real estate properties (in sq feet) | ft² 27.3   27.3  
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 1.4   1.4  
Rentable square feet of potential office build (in sq feet) | ft² 4.5   4.5  
Net proceeds of Common Stock sold during the period | $ $ 1,620 $ 379 $ (142) $ (685)
Number of VIE entities | numberOfEntities 6   6  
Self insurance liability | $ $ 400   $ 400  
Highwoods Properties, Inc. [Member]        
Description of Business [Abstract]        
Common Units of partnership owned by the Company (in shares) | shares 107,500,000   107,500,000  
Percentage of ownership of Common Units (in hundredths) 98.00%   98.00%  
Common Units redeemed for cash | shares     326  
Highwoods Properties, Inc. [Member] | ATM Equity Offering        
Description of Business [Abstract]        
Net proceeds of Common Stock sold during the period | $ $ 1,400   $ 1,400  
Number of Common Stock sold during the period (in shares) | shares 44,819   44,819  
Average Price Of Common Stock Sold During Period (in dollars per share) | $ / shares $ 31.64   $ 31.64  
Highwoods Properties, Inc. [Member] | ATM Equity Offering | Maximum [Member]        
Description of Business [Abstract]        
Net proceeds of Common Stock sold during the period | $     $ 300,000  
Highwoods Realty Limited Partnership        
Description of Business [Abstract]        
Common Units of partnership not owned by the Company (in shares) | shares 2,200,000   2,200,000  
Variable Interest Entity, Primary Beneficiary [Member]        
Description of Business [Abstract]        
Number of VIE entities | numberOfEntities 1   1  
Variable Interest Entity, Non Primary Beneficiary [Member]        
Description of Business [Abstract]        
Number of VIE entities | numberOfEntities 5   5  
v3.25.2
Leases ASC 842 (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Lessor Disclosure [Abstract]        
Rental and other revenues related to operating lease payments $ 222.1 $ 201.0 $ 392.9 $ 408.8
Variable lease income $ 16.7 $ 16.6 $ 33.6 $ 39.1
Minimum [Member]        
Lessor Disclosure [Abstract]        
Operating leases, term of leases (in years) 3 years   3 years  
Maximum [Member]        
Lessor Disclosure [Abstract]        
Operating leases, term of leases (in years) 10 years   10 years  
v3.25.2
Investments in and Advances to Affiliates (Details)
$ in Millions
Jun. 30, 2025
USD ($)
numberOfJointVentures
Rate
Schedule of Equity Method Investments [Line Items]  
Number of joint ventures formed | numberOfJointVentures 2
Granite Park Six JV, LLC  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
GPI23 Springs JV, LLC  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
M+O JV, LLC  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
Fair value of debt assumed from acquisition | $ $ 137.0
Stated interest rate (in hundredths) 4.50%
Effective interest rate (in hundredths) 5.30%
Midtown East Tampa, LLC  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
Brand/HRLP 2827 Peachtree LLC  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
v3.25.2
Variable Interest Entities (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Variable Interest Entities [Line Items]      
Investments in and advances to unconsolidated affiliates $ 496,196 $ 485,726  
Assets and liabilities of consolidated variable interest entity [Abstract]      
Net real estate assets 4,882,895 4,821,351  
Cash and cash equivalents 21,193 22,412 $ 27,003
Accounts receivable 27,839 28,287  
Accrued straight-line rents receivable 314,477 308,853  
Deferred leasing costs, net 221,609 209,967  
Prepaid expense and other assets, net 69,460 75,021  
Mortgages and notes payable 3,334,385 3,293,559  
Accounts payable, accrued expenses and other liabilities 281,210 304,551  
Granite Park Six JV, LLC      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 75,700    
GPI23 Springs JV, LLC      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 103,400    
M+O JV, LLC      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 180,800    
Midtown East Tampa, LLC      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 43,900    
Investments in and advances to unconsolidated affiliates 13,600    
Amount of loan funded to affiliate 30,300    
Brand/HRLP 2827 Peachtree LLC      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 60,700    
Investments in and advances to unconsolidated affiliates 12,300    
Amount of loan funded to affiliate $ 48,400    
HRLP MTW, LLC [Member]      
Variable Interest Entities [Line Items]      
Interest in joint venture (in hundredths) 80.00%    
Assets and liabilities of consolidated variable interest entity [Abstract]      
Net real estate assets $ 57,438 58,443  
Cash and cash equivalents 1,317 1,530  
Accounts receivable 191 42  
Accrued straight-line rents receivable 5,361 5,192  
Deferred leasing costs, net 2,419 2,596  
Prepaid expense and other assets, net 87 104  
Mortgages and notes payable 44,195 44,325  
Accounts payable, accrued expenses and other liabilities $ 1,326 $ 1,297  
v3.25.2
Real Estate Assets (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
ft²
Mar. 31, 2025
USD ($)
ft²
numberOfBuildings
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
ft²
Jun. 30, 2024
USD ($)
Acquisitions [Abstract]          
Rentable square feet of commercial real estate properties (in sq feet) | ft² 27,300,000     27,300,000  
Dispositions [Abstract]          
Gains on disposition of property $ 0   $ 35,022 $ 82,215 $ 42,231
2025 Submarket Acquisition          
Acquisitions [Abstract]          
Rentable square feet of commercial real estate properties (in sq feet) | ft²   346,000      
Purchase price of acquisition   $ 137,900      
2025 Dispositions          
Dispositions [Abstract]          
Number of buildings sold | numberOfBuildings   3      
Sale price of real estate   $ 146,300      
Gains on disposition of property   $ 82,200      
v3.25.2
Intangible Assets and Below Market Lease Liabilities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Assets:            
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 387,274   $ 387,274     $ 380,279
Deferred leasing costs, accumulated amortization (165,665)   (165,665)     (170,312)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 221,609   221,609     209,967
Liabilities (in accounts payable, accrued expenses and other liabilities):            
Acquisition-related below market lease liabilities, gross 30,769   30,769     37,482
Acquisition-related below market lease liabilities, accumulated amortization (15,999)   (15,999)     (21,296)
Acquisition-related below market lease liabilities, net 14,770   14,770     $ 16,186
Amortization of intangible assets and below market lease liabilities [Abstract]            
Acquired intangible assets (amortized in rental and other revenues)         $ 1,656  
Acquired intangible assets (amortized in depreciation and amortization)         $ 16,445  
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]            
Assets:            
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 196,430   196,430      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 9,070 $ 9,984 18,074 $ 19,629    
Lease Incentives (in Rental and Other Revenues) [Member]            
Assets:            
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 13,585   13,585      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 660 550 1,305 1,243    
Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues) [Member]            
Assets:            
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 11,594   11,594      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 636 794 1,234 1,596    
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]            
Liabilities (in accounts payable, accrued expenses and other liabilities):            
Acquisition-related below market lease liabilities, net 14,770   14,770      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of acquisition-related below market lease liabilities $ (665) $ (1,130) $ (1,417) $ (2,274)    
v3.25.2
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Scheduled future amortization of intangible assets [Abstract]    
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 221,609 $ 209,967
Scheduled future amortization of below market lease liabilities [Abstract]    
Total scheduled future amortization of acquisition-related below market lease liabilities (14,770) $ (16,186)
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
July 1 through December 31, 2025 19,090  
2026 34,494  
2027 30,225  
2028 26,220  
2029 23,431  
Thereafter 62,970  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 196,430  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 7 years 2 months 12 days  
Lease Incentives (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
July 1 through December 31, 2025 $ 1,237  
2026 2,247  
2027 2,011  
2028 1,801  
2029 1,507  
Thereafter 4,782  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 13,585  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 7 years 8 months 12 days  
Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
July 1 through December 31, 2025 $ 1,197  
2026 2,161  
2027 1,680  
2028 1,544  
2029 1,432  
Thereafter 3,580  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 11,594  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 6 years 8 months 12 days  
Acquired finite-lived intangible assets, weighted average useful life (in years) 8 years 1 month 6 days  
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]    
Scheduled future amortization of below market lease liabilities [Abstract]    
July 1 through December 31, 2025 $ (1,309)  
2026 (2,431)  
2027 (2,062)  
2028 (1,649)  
2029 (1,377)  
Thereafter (5,942)  
Total scheduled future amortization of acquisition-related below market lease liabilities $ (14,770)  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived below market lease liabilities, average useful life (in years) 7 years 8 months 12 days  
Acquisition-Related Intangible Assets (Amortized in Depreciation and Amortization) [Member]    
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Acquired finite-lived intangible assets, weighted average useful life (in years) 7 years 9 months 18 days  
v3.25.2
Mortgages and Notes Payable (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
extension
Jul. 22, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]        
Mortgages and notes payable $ 3,334,385,000 $ 3,334,385,000   $ 3,293,559,000
Unamortized debt issuance costs $ (12,808,000) (12,808,000)   (14,442,000)
Maximum liquidity requirements 1 year      
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Maximum borrowing capacity on credit facility $ 750,000,000.0 $ 750,000,000.0    
Number of additional extensions | extension   2    
Term of optional extension   6 months    
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.025%    
Amount outstanding on revolving credit facility 147,000,000.0 $ 147,000,000.0    
Outstanding letters of credit on revolving credit facility 100,000 100,000    
Unused borrowing capacity on revolving credit facility 602,900,000 602,900,000    
Variable Rate Term Loan Due 2026 [Member]        
Debt Instrument [Line Items]        
Principal amount of debt 200,000,000.0 200,000,000.0    
Secured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable 707,567,000 707,567,000   712,186,000
Aggregate undepreciated book value of secured real estate assets 1,240,400,000 1,240,400,000    
Unsecured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable $ 2,639,626,000 $ 2,639,626,000   $ 2,595,815,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Facility interest rate basis   SOFR    
Interest rate, basis spread (in hundredths)   0.85%    
Annual facility fee (in hundredths)   0.20%    
SOFR Related Spread Adjustment [Member] | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Interest rate, basis spread (in hundredths)   0.10%    
Subsequent Event [Member] | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Amount outstanding on revolving credit facility     $ 137,000,000.0  
Outstanding letters of credit on revolving credit facility     100,000  
Unused borrowing capacity on revolving credit facility     $ 612,900,000  
v3.25.2
Noncontrolling Interests (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     $ 65,791  
Adjustment of noncontrolling interests in the Operating Partnership to fair value $ 3,829 $ (12) 927 $ 7,467
Conversions of Common Units to Common Stock     0 (132)
Redemptions of Common Units     (10) 0
Net income attributable to noncontrolling interests in the Operating Partnership 365 1,281 2,321 1,814
Distributions to noncontrolling interests in the Operating Partnership     (2,151) (2,151)
Total noncontrolling interests in the Operating Partnership 66,878   66,878  
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 18,270 62,870 115,719 88,934
Highwoods Properties, Inc. [Member]        
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership 63,759 56,324 65,791 49,520
Adjustment of noncontrolling interests in the Operating Partnership to fair value 3,829 (12) 927 7,467
Conversions of Common Units to Common Stock 0 0 0 (132)
Redemptions of Common Units 0 0 (10) 0
Net income attributable to noncontrolling interests in the Operating Partnership 365 1,281 2,321 1,814
Distributions to noncontrolling interests in the Operating Partnership (1,075) (1,075) (2,151) (2,151)
Total noncontrolling interests in the Operating Partnership 66,878 56,518 66,878 56,518
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 18,270 62,870 115,719 88,934
Increase in additional paid in capital from conversions of Common Units to Common Stock 0 0 0 132
Redemptions of Common Units 0 0 10 0
Change from net income available for common stockholders and transfers from noncontrolling interests $ 18,270 $ 62,870 $ 115,729 $ 89,066
Midtown West Joint Venture [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 20.00%   20.00%  
v3.25.2
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Mortgages and notes receivable, at fair value $ 6,227 $ 11,064
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 1,617 2,295
Impaired real estate assets   26,740
Total Assets 7,844 40,099
Liabilities:    
Mortgages and notes payable, net, at fair value 3,208,003 3,097,323
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 1,617 2,295
Total Liabilities 3,209,620 3,099,618
Level 1 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 1,617 2,295
Impaired real estate assets   0
Total Assets 1,617 2,295
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 1,617 2,295
Total Liabilities 1,617 2,295
Level 2 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 6,227 11,064
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Impaired real estate assets   0
Total Assets 6,227 11,064
Liabilities:    
Mortgages and notes payable, net, at fair value 3,208,003 3,097,323
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 3,208,003 3,097,323
Level 3 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Impaired real estate assets   26,740
Total Assets 0 26,740
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 0 0
Highwoods Properties, Inc. [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 66,878 65,791
Highwoods Properties, Inc. [Member] | Level 1 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 66,878 65,791
Highwoods Properties, Inc. [Member] | Level 2 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 0 0
Highwoods Properties, Inc. [Member] | Level 3 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership $ 0 $ 0
v3.25.2
Share-Based Payments (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 1,300 $ 1,100 $ 6,277 $ 5,958
Total unrecognized share-based compensation costs $ 5,600   $ 5,600  
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)     2 years 2 months 12 days  
Highwoods Properties, Inc. [Member] | Time-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted (in shares)     144,112  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 29.31  
Highwoods Properties, Inc. [Member] | Total Return-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted (in shares)     117,568  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 30.42  
v3.25.2
Real Estate and Other Assets Held For Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real Estate and Other Assets Held For Sale [Abstract]    
Land $ 0 $ 6,232
Buildings and tenant improvements 0 98,081
Less-accumulated depreciation 0 (58,511)
Net real estate assets 0 45,802
Accrued straight-line rents receivable 0 6,581
Deferred leasing costs, net 0 2,784
Prepaid expenses and other assets, net 0 242
Real estate and other assets, net, held for sale $ 0 $ 55,409
v3.25.2
Earnings Per Share and Per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 19,221 $ 64,770 $ 119,221 $ 91,983
Net (income) attributable to noncontrolling interests in the Operating Partnership (365) (1,281) (2,321) (1,814)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Dividends on Preferred Stock (586) (621) (1,207) (1,242)
Net income available for common stockholders $ 18,270 $ 62,870 $ 115,719 $ 88,934
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 107,825 105,996 107,754 105,900
Earnings per Common Share - basic:        
Net income available for common stockholders (in dollars per share) $ 0.17 $ 0.59 $ 1.07 $ 0.84
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 19,221 $ 64,770 $ 119,221 $ 91,983
Net loss attributable to noncontrolling interests in consolidated affiliates 0 2 26 7
Dividends on Preferred Stock (586) (621) (1,207) (1,242)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 18,635 $ 64,151 $ 118,040 $ 90,748
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 107,825 105,996 107,754 105,900
Noncontrolling interests Common Units (in shares) 2,151 2,151 2,151 2,153
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) 109,976 108,147 109,905 108,053
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.17 $ 0.59 $ 1.07 $ 0.84
Highwoods Realty Limited Partnership        
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 19,221 $ 64,770 $ 119,221 $ 91,983
Net (income)/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
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 109,567 107,738 109,496 107,644
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.17 $ 0.60 $ 1.08 $ 0.84
Earnings per Common Share and Per Unit - diluted: [Abstract]        
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
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (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
v3.25.2
Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total rental and other revenues $ 200,600 $ 204,738 $ 400,983 $ 416,013
Total rental property and other expenses 63,655 64,559 128,689 134,994
Total net operating income 136,945 140,179 272,294 281,019
Reconciliation to net income:        
Depreciation and amortization (74,679) (73,745) (146,084) (147,416)
General and administrative expenses (10,319) (9,357) (22,776) (21,856)
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
Total Reportable Segment [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 187,713 190,324 375,587 387,056
Total rental property and other expenses 58,061 58,410 118,514 122,229
Total net operating income 129,652 131,914 257,073 264,827
Atlanta, GA [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 36,299 36,614 71,893 73,057
Total rental property and other expenses 13,467 13,552 27,835 27,375
Total net operating income 22,832 23,062 44,058 45,682
Charlotte, NC [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 21,910 22,264 43,966 43,981
Total rental property and other expenses 6,003 6,154 11,844 11,943
Total net operating income 15,907 16,110 32,122 32,038
Nashville, TN [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 39,653 40,517 79,197 85,555
Total rental property and other expenses 11,017 10,032 22,374 23,764
Total net operating income 28,636 30,485 56,823 61,791
Orlando, FL [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 14,544 14,804 28,840 29,580
Total rental property and other expenses 5,495 5,982 11,037 11,590
Total net operating income 9,049 8,822 17,803 17,990
Raleigh, NC [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 44,815 42,628 89,309 87,806
Total rental property and other expenses 11,628 10,869 23,361 23,961
Total net operating income 33,187 31,759 65,948 63,845
Richmond, VA [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 9,318 9,061 18,496 18,062
Total rental property and other expenses 2,605 2,719 5,608 5,403
Total net operating income 6,713 6,342 12,888 12,659
Tampa, FL [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 21,174 24,436 43,886 49,015
Total rental property and other expenses 7,846 9,102 16,455 18,193
Total net operating income 13,328 15,334 27,431 30,822
Other Segment [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 12,887 14,414 25,396 28,957
Total rental property and other expenses 5,594 6,149 10,175 12,765
Total net operating income $ 7,293 $ 8,265 $ 15,221 $ 16,192
v3.25.2
Subsequent Events (Details) - Highwoods Properties, Inc. [Member] - $ / shares
 3 Months Ended 6 Months Ended
Jul. 23, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Subsequent Event [Line Items]          
Dividends declared per share of Common Stock (in dollars per share)   $ 0.50 $ 0.50 $ 1.00 $ 1.00
Subsequent Event [Member]          
Subsequent Event [Line Items]          
Dividends declared per share of Common Stock (in dollars per share) $ 0.50