HIGHWOODS PROPERTIES, INC., 10-Q filed on 7/26/2022
Quarterly Report
v3.22.2
Cover Page - shares
 6 Months Ended
Jun. 30, 2022
Jul. 19, 2022
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2022  
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 3100 Smoketree Court  
Entity Address, Address Line Two Suite 600  
Entity Address, City or Town Raleigh  
Entity Address, State or Province NC  
Entity Address, Postal Zip Code 27604  
City Area Code 919  
Local Phone Number 872-4924  
Title of 12(b) Security Common Stock, $.01 par value, of Highwoods Properties, Inc.  
Trading Symbol HIW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   105,184,854
Entity Central Index Key 0000921082  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Highwoods Realty Limited Partnership [Member]    
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS REALTY LIMITED PARTNERSHIP  
Entity Incorporation, State or Country Code NC  
Entity File Number 000-21731  
Entity Tax Identification Number 56-1869557  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000941713  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.22.2
HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate assets, at cost:    
Land $ 532,215 $ 549,228
Buildings and tenant improvements 5,676,352 5,718,169
Development in-process 19,088 6,890
Land held for development 238,159 215,257
Total real estate assets 6,465,814 6,489,544
Less-accumulated depreciation (1,522,363) (1,457,511)
Net real estate assets 4,943,451 5,032,033
Real estate and other assets, net, held for sale 0 3,518
Cash and cash equivalents 25,045 23,152
Restricted cash 46,623 8,046
Accounts receivable 17,938 14,002
Mortgages and notes receivable 1,153 1,227
Accrued straight-line rents receivable 277,086 268,324
Investments in and advances to unconsolidated affiliates 14,457 7,383
Deferred leasing costs, net of accumulated amortization of $155,594 and $143,111, respectively 243,624 258,902
Prepaid expenses and other assets, net of accumulated depreciation of $19,968 and $21,408, respectively 112,937 78,551
Total Assets 5,682,314 5,695,138
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 2,804,314 2,788,915
Accounts payable, accrued expenses and other liabilities 271,716 294,976
Total Liabilities 3,076,030 3,083,891
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 84,583 111,689
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), 28,821 shares issued and outstanding 28,821 28,821
Common Stock, $.01 par value, 200,000,000 authorized shares; 105,184,854 and 104,892,780 shares issued and outstanding, respectively 1,052 1,049
Additional paid-in capital 3,065,208 3,027,861
Distributions in excess of net income available for common stockholders (593,846) (579,616)
Accumulated other comprehensive loss (1,062) (973)
Total Stockholders’ Equity 2,500,173 2,477,142
Noncontrolling interests in consolidated affiliates 21,528 22,416
Total Equity/Capital 2,521,701 2,499,558
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 5,682,314 $ 5,695,138
v3.22.2
HPI - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Deferred leasing costs, accumulated amortization $ 155,594 $ 143,111
Prepaid Expenses And Other Assets Accumulated Depreciation $ 19,968 $ 21,408
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) 28,821 28,821
Series A Preferred Stock, shares outstanding (in shares) 28,821 28,821
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) 105,184,854 104,892,780
Common Stock, shares outstanding (in shares) 105,184,854 104,892,780
v3.22.2
HRLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate assets, at cost:    
Land $ 532,215 $ 549,228
Buildings and tenant improvements 5,676,352 5,718,169
Development in-process 19,088 6,890
Land held for development 238,159 215,257
Total real estate assets 6,465,814 6,489,544
Less-accumulated depreciation (1,522,363) (1,457,511)
Net real estate assets 4,943,451 5,032,033
Real estate and other assets, net, held for sale 0 3,518
Cash and cash equivalents 25,045 23,152
Restricted cash 46,623 8,046
Accounts receivable 17,938 14,002
Mortgages and notes receivable 1,153 1,227
Accrued straight-line rents receivable 277,086 268,324
Investments in and advances to unconsolidated affiliates 14,457 7,383
Deferred leasing costs, net of accumulated amortization of $155,594 and $143,111, respectively 243,624 258,902
Prepaid expenses and other assets, net of accumulated depreciation of $19,968 and $21,408, respectively 112,937 78,551
Total Assets 5,682,314 5,695,138
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 2,804,314 2,788,915
Accounts payable, accrued expenses and other liabilities 271,716 294,976
Total Liabilities 3,076,030 3,083,891
Commitments and contingencies
Capital:    
Accumulated other comprehensive loss (1,062) (973)
Noncontrolling interests in consolidated affiliates 21,528 22,416
Total Equity/Capital 2,521,701 2,499,558
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 5,682,314 5,695,138
Highwoods Realty Limited Partnership [Member]    
Real estate assets, at cost:    
Land 532,215 549,228
Buildings and tenant improvements 5,676,352 5,718,169
Development in-process 19,088 6,890
Land held for development 238,159 215,257
Total real estate assets 6,465,814 6,489,544
Less-accumulated depreciation (1,522,363) (1,457,511)
Net real estate assets 4,943,451 5,032,033
Real estate and other assets, net, held for sale 0 3,518
Cash and cash equivalents 25,045 23,152
Restricted cash 46,623 8,046
Accounts receivable 17,938 14,002
Mortgages and notes receivable 1,153 1,227
Accrued straight-line rents receivable 277,086 268,324
Investments in and advances to unconsolidated affiliates 14,457 7,383
Deferred leasing costs, net of accumulated amortization of $155,594 and $143,111, respectively 243,624 258,902
Prepaid expenses and other assets, net of accumulated depreciation of $19,968 and $21,408, respectively 112,937 78,551
Total Assets 5,682,314 5,695,138
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 2,804,314 2,788,915
Accounts payable, accrued expenses and other liabilities 271,716 294,976
Total Liabilities 3,076,030 3,083,891
Commitments and contingencies
Redeemable Operating Partnership Units:    
Common Units, 2,473,896 and 2,504,805 outstanding, respectively 84,583 111,689
Series A Preferred Units (liquidation preference $1,000 per unit), 28,821 units issued and outstanding 28,821 28,821
Total Redeemable Operating Partnership Units 113,404 140,510
Capital:    
General partner Common Units, 1,072,499 and 1,069,888 outstanding, respectively 24,723 24,492
Limited partner Common Units, 103,703,546 and 103,414,083 outstanding, respectively 2,447,691 2,424,802
Accumulated other comprehensive loss (1,062) (973)
Noncontrolling interests in consolidated affiliates 21,528 22,416
Total Equity/Capital 2,492,880 2,470,737
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 5,682,314 $ 5,695,138
v3.22.2
HRLP - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Deferred leasing costs, accumulated amortization $ 155,594 $ 143,111
Prepaid Expenses And Other Assets Accumulated Depreciation 19,968 21,408
Highwoods Realty Limited Partnership [Member]    
Assets:    
Deferred leasing costs, accumulated amortization 155,594 143,111
Prepaid Expenses And Other Assets Accumulated Depreciation $ 19,968 $ 21,408
Redeemable Operating Partnership Units: [Abstract]    
Redeemable Common Units outstanding (in shares) 2,473,896 2,504,805
Series A Preferred Units, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Units, issued (in shares) 28,821 28,821
Series A Preferred Units, outstanding (in shares) 28,821 28,821
Common Units: [Abstract]    
General partners' capital account, units outstanding (in shares) 1,072,499 1,069,888
Limited partners' capital account, units outstanding (in shares) 103,703,546 103,414,083
v3.22.2
HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Rental and other revenues $ 203,841 $ 185,502 $ 410,219 $ 369,307
Operating expenses:        
Rental property and other expenses 62,369 56,226 123,791 112,415
Depreciation and amortization 69,742 61,949 139,409 122,876
Impairments of real estate assets 35,000 0 35,000 0
General and administrative 9,591 10,107 23,147 20,059
Total operating expenses 176,702 128,282 321,347 255,350
Interest expense 25,027 19,001 49,420 38,769
Other income 120 332 483 644
Gains on disposition of property 50,044 22,862 54,144 41,799
Equity in earnings of unconsolidated affiliates 326 431 626 1,068
Net income 52,602 61,844 94,705 118,699
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,203) (1,624) (2,168) (3,117)
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Dividends on Preferred Stock (622) (621) (1,243) (1,243)
Net income available for common stockholders $ 50,511 $ 59,305 $ 90,771 $ 113,764
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.48 $ 0.57 $ 0.86 $ 1.09
Weighted average Common Shares outstanding - basic (in shares) 105,163 104,106 105,049 104,035
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.48 $ 0.57 $ 0.86 $ 1.09
Weighted average Common Shares outstanding - diluted (in shares) 107,654 106,964 107,554 106,887
v3.22.2
HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Rental and other revenues $ 203,841 $ 185,502 $ 410,219 $ 369,307
Operating expenses:        
Rental property and other expenses 62,369 56,226 123,791 112,415
Depreciation and amortization 69,742 61,949 139,409 122,876
Impairments of real estate assets 35,000 0 35,000 0
General and administrative 9,591 10,107 23,147 20,059
Total operating expenses 176,702 128,282 321,347 255,350
Interest expense 25,027 19,001 49,420 38,769
Other income 120 332 483 644
Gains on disposition of property 50,044 22,862 54,144 41,799
Equity in earnings of unconsolidated affiliates 326 431 626 1,068
Net income 52,602 61,844 94,705 118,699
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues 203,841 185,502 410,219 369,307
Operating expenses:        
Rental property and other expenses 62,369 56,226 123,791 112,415
Depreciation and amortization 69,742 61,949 139,409 122,876
Impairments of real estate assets 35,000 0 35,000 0
General and administrative 9,591 10,107 23,147 20,059
Total operating expenses 176,702 128,282 321,347 255,350
Interest expense 25,027 19,001 49,420 38,769
Other income 120 332 483 644
Gains on disposition of property 50,044 22,862 54,144 41,799
Equity in earnings of unconsolidated affiliates 326 431 626 1,068
Net income 52,602 61,844 94,705 118,699
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Distributions on Preferred Units (622) (621) (1,243) (1,243)
Net income available for common unitholders $ 51,714 $ 60,929 $ 92,939 $ 116,881
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.48 $ 0.57 $ 0.87 $ 1.10
Weighted average Common Units outstanding - basic (in shares) 107,240 106,535 107,135 106,464
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.48 $ 0.57 $ 0.87 $ 1.10
Weighted average Common Units outstanding - diluted (in shares) 107,245 106,555 107,145 106,478
v3.22.2
HPI - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Comprehensive income:        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Other comprehensive income/(loss):        
Unrealized losses on cash flow hedges 0 (11) 0 (11)
Amortization of cash flow hedges (74) 126 (89) 248
Other comprehensive income/(loss) (74) 115 (89) 237
Total comprehensive income 52,528 61,959 94,616 118,936
Less-comprehensive (income) attributable to noncontrolling interests (1,469) (1,918) (2,691) (3,692)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 51,059 $ 60,041 $ 91,925 $ 115,244
v3.22.2
HRLP - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Comprehensive income:        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Other comprehensive income/(loss):        
Unrealized losses on cash flow hedges 0 (11) 0 (11)
Amortization of cash flow hedges (74) 126 (89) 248
Total other comprehensive income/(loss) (74) 115 (89) 237
Total comprehensive income 52,528 61,959 94,616 118,936
Less-comprehensive (income) attributable to noncontrolling interests (1,469) (1,918) (2,691) (3,692)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders 51,059 60,041 91,925 115,244
Highwoods Realty Limited Partnership [Member]        
Comprehensive income:        
Net income 52,602 61,844 94,705 118,699
Other comprehensive income/(loss):        
Unrealized losses on cash flow hedges 0 (11) 0 (11)
Amortization of cash flow hedges (74) 126 (89) 248
Total other comprehensive income/(loss) (74) 115 (89) 237
Total comprehensive income 52,528 61,959 94,616 118,936
Less-comprehensive (income) attributable to noncontrolling interests (266) (294) (523) (575)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 52,262 $ 61,665 $ 94,093 $ 118,361
v3.22.2
HPI - Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
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, 2020   103,921,546          
Balance at Dec. 31, 2020 $ 2,358,170 $ 1,039 $ 28,826 $ 2,993,946 $ (1,462) $ 22,046 $ (686,225)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of Common Stock, net of issuance costs and tax withholdings - shares   109,130          
Issuances of Common Stock, net of issuance costs and tax withholdings 5,897 $ 1   5,896      
Conversions of Common Units to Common Stock - Shares   1,000          
Conversions of Common Units to Common Stock 44     44      
Dividends on Common Stock (99,778)           (99,778)
Dividends on Preferred Stock (1,243)           (1,243)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (15,334)     (15,334)      
Distributions to noncontrolling interests in consolidated affiliates (782)         (782)  
Issuances of restricted stock - shares   184,584          
Issuances of restricted stock 0            
Share-based compensation expense, net of forfeitures - shares   (6,747)          
Share-based compensation expense, net of forfeitures 4,855 $ 2   4,853      
Net (income) attributable to noncontrolling interests in the Operating Partnership (3,117)           (3,117)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0         575 (575)
Comprehensive income:              
Net income 118,699           118,699
Other comprehensive income/(loss) 237       237    
Total comprehensive income 118,936            
Balance (in shares) at Jun. 30, 2021   104,209,513          
Balance at Jun. 30, 2021 2,367,643 $ 1,042 28,821 2,989,405 (1,225) 21,839 (672,239)
Comprehensive income:              
Redemptions/repurchases of Preferred Stock (5)   (5)        
Balance (in shares) at Mar. 31, 2021   104,055,152          
Balance at Mar. 31, 2021 2,354,921 $ 1,041 28,826 2,986,462 (1,340) 21,545 (681,613)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of Common Stock, net of issuance costs and tax withholdings - shares   158,188          
Issuances of Common Stock, net of issuance costs and tax withholdings 7,095 $ 1   7,094      
Conversions of Common Units to Common Stock - Shares   1,000          
Conversions of Common Units to Common Stock 44     44      
Dividends on Common Stock (49,931)           (49,931)
Dividends on Preferred Stock (621)           (621)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (6,068)     (6,068)      
Issuances of restricted stock - shares   1,484          
Issuances of restricted stock 0            
Share-based compensation expense, net of forfeitures - shares   (6,311)          
Share-based compensation expense, net of forfeitures 1,873 $ 0   1,873      
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,624)           (1,624)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0         294 (294)
Comprehensive income:              
Net income 61,844           61,844
Other comprehensive income/(loss) 115       115    
Total comprehensive income 61,959            
Balance (in shares) at Jun. 30, 2021   104,209,513          
Balance at Jun. 30, 2021 2,367,643 $ 1,042 28,821 2,989,405 (1,225) 21,839 (672,239)
Comprehensive income:              
Redemptions/repurchases of Preferred Stock $ (5)   (5)        
Balance (in shares) at Dec. 31, 2021 104,892,780 104,892,780          
Balance at Dec. 31, 2021 $ 2,499,558 $ 1,049 28,821 3,027,861 (973) 22,416 (579,616)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of Common Stock, net of issuance costs and tax withholdings - shares   79,358          
Issuances of Common Stock, net of issuance costs and tax withholdings 4,435 $ 1   4,434      
Conversions of Common Units to Common Stock - Shares   30,909          
Conversions of Common Units to Common Stock 1,251     1,251      
Dividends on Common Stock (105,001)           (105,001)
Dividends on Preferred Stock (1,243)           (1,243)
Adjustment of noncontrolling interests in the Operating Partnership to fair value 25,528     25,528      
Distributions to noncontrolling interests in consolidated affiliates (1,411)         (1,411)  
Issuances of restricted stock - shares   181,807          
Issuances of restricted stock 0            
Share-based compensation expense, net of forfeitures - shares   0          
Share-based compensation expense, net of forfeitures 6,136 $ 2   6,134      
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,168)           (2,168)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0         523 (523)
Comprehensive income:              
Net income 94,705           94,705
Other comprehensive income/(loss) (89)       (89)    
Total comprehensive income $ 94,616            
Balance (in shares) at Jun. 30, 2022 105,184,854 105,184,854          
Balance at Jun. 30, 2022 $ 2,521,701 $ 1,052 28,821 3,065,208 (1,062) 21,528 (593,846)
Balance (in shares) at Mar. 31, 2022   105,143,984          
Balance at Mar. 31, 2022 2,492,521 $ 1,051 28,821 3,034,155 (988) 21,262 (591,780)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of Common Stock, net of issuance costs and tax withholdings - shares   9,537          
Issuances of Common Stock, net of issuance costs and tax withholdings 262 $ 1   261      
Conversions of Common Units to Common Stock - Shares   30,909          
Conversions of Common Units to Common Stock 1,251     1,251      
Dividends on Common Stock (52,577)           (52,577)
Dividends on Preferred Stock (622)           (622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value 28,696     28,696      
Issuances of restricted stock - shares   424          
Issuances of restricted stock 0            
Share-based compensation expense, net of forfeitures - shares   0          
Share-based compensation expense, net of forfeitures 845 $ 0   845      
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,203)           (1,203)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0         266 (266)
Comprehensive income:              
Net income 52,602           52,602
Other comprehensive income/(loss) (74)       (74)    
Total comprehensive income $ 52,528            
Balance (in shares) at Jun. 30, 2022 105,184,854 105,184,854          
Balance at Jun. 30, 2022 $ 2,521,701 $ 1,052 $ 28,821 $ 3,065,208 $ (1,062) $ 21,528 $ (593,846)
v3.22.2
HPI - Consolidated Statements of Equity (Parentheticals) - Highwoods Properties, Inc. [Member] - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dividends on Common Stock (per share) $ 0.50 $ 0.48 $ 1.00 $ 0.96
Series A Cumulative Redeemable Preferred Shares [Member]        
Dividends on Preferred Stock (per share) $ 21.5625 $ 21.5625 $ 43.125 $ 43.125
v3.22.2
HRLP - Consolidated Statements of Capital - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance $ 2,492,521 $ 2,354,921 $ 2,499,558 $ 2,358,170
Share-based compensation expense, net of forfeitures 845 1,873 6,136 4,855
Distributions to noncontrolling interests in consolidated affiliates     (1,411) (782)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0 0 0 0
Comprehensive income:        
Net income 52,602 61,844 94,705 118,699
Other comprehensive income/(loss) (74) 115 (89) 237
Total comprehensive income 52,528 61,959 94,616 118,936
Balance 2,521,701 2,367,643 2,521,701 2,367,643
Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,463,700 2,326,095 2,470,737 2,329,344
Issuances of Common Units, net of issuance costs and tax withholdings 262 7,095 4,435 5,897
Distributions on Common Units (53,616) (51,098) (107,087) (102,112)
Distributions on Preferred Units (622) (621) (1,243) (1,243)
Share-based compensation expense, net of forfeitures 845 1,873 6,136 4,855
Distributions to noncontrolling interests in consolidated affiliates     (1,411) (782)
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 29,783 (6,481) 26,697 (16,073)
Net (income) attributable to noncontrolling interests in consolidated affiliates 0 0 0 0
Comprehensive income:        
Net income 52,602 61,844 94,705 118,699
Other comprehensive income/(loss) (74) 115 (89) 237
Total comprehensive income 52,528 61,959 94,616 118,936
Balance 2,492,880 2,338,822 2,492,880 2,338,822
General Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 24,433 23,059 24,492 23,087
Issuances of Common Units, net of issuance costs and tax withholdings 2 71 44 59
Distributions on Common Units (536) (511) (1,071) (1,021)
Distributions on Preferred Units (6) (6) (12) (12)
Share-based compensation expense, net of forfeitures 8 19 61 49
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 298 (65) 267 (161)
Net (income) attributable to noncontrolling interests in consolidated affiliates (2) (3) (5) (6)
Comprehensive income:        
Net income 526 618 947 1,187
Balance 24,723 23,182 24,723 23,182
Limited Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,418,993 2,282,831 2,424,802 2,285,673
Issuances of Common Units, net of issuance costs and tax withholdings 260 7,024 4,391 5,838
Distributions on Common Units (53,080) (50,587) (106,016) (101,091)
Distributions on Preferred Units (616) (615) (1,231) (1,231)
Share-based compensation expense, net of forfeitures 837 1,854 6,075 4,806
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 29,485 (6,416) 26,430 (15,912)
Net (income) attributable to noncontrolling interests in consolidated affiliates (264) (291) (518) (569)
Comprehensive income:        
Net income 52,076 61,226 93,758 117,512
Balance 2,447,691 2,295,026 2,447,691 2,295,026
Accumulated Other Comprehensive Income (Loss) [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance (988) (1,340) (973) (1,462)
Comprehensive income:        
Other comprehensive income/(loss) (74) 115 (89) 237
Balance (1,062) (1,225) (1,062) (1,225)
Noncontrolling Interests in Consolidated Affiliates [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 21,262 21,545 22,416 22,046
Distributions to noncontrolling interests in consolidated affiliates     (1,411) (782)
Net (income) attributable to noncontrolling interests in consolidated affiliates 266 294 523 575
Comprehensive income:        
Balance $ 21,528 $ 21,839 $ 21,528 $ 21,839
v3.22.2
HRLP - Consolidated Statements of Capital (Parentheticals) - Highwoods Realty Limited Partnership [Member] - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Distributions on Common Units (per unit) $ 0.50 $ 0.48 $ 1.00 $ 0.96
Series A Cumulative Redeemable Preferred Shares [Member]        
Distributions on Preferred Units (per unit) $ 21.5625 $ 21.5625 $ 43.125 $ 43.125
v3.22.2
HPI - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 94,705 $ 118,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,409 122,876
Amortization of lease incentives and acquisition-related intangible assets and liabilities (166) (1,439)
Share-based compensation expense 6,136 4,855
Net credit losses/(reversals) on operating lease receivables 2,625 (489)
Accrued interest on mortgages and notes receivable (46) (54)
Amortization of debt issuance costs 2,040 1,661
Amortization of cash flow hedges (89) 248
Amortization of mortgages and notes payable fair value adjustments (41) 776
Impairments of real estate assets 35,000 0
Losses on debt extinguishment 0 134
Net gains on disposition of property (54,144) (41,799)
Equity in earnings of unconsolidated affiliates (626) (1,068)
Distributions of earnings from unconsolidated affiliates 598 1,402
Changes in operating assets and liabilities:    
Accounts receivable (3,758) 6,694
Prepaid expenses and other assets (6,534) (5,642)
Accrued straight-line rents receivable (13,053) (7,638)
Accounts payable, accrued expenses and other liabilities (158) (1,801)
Net cash provided by operating activities 201,898 197,415
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (26,977) (120)
Investments in development in-process (20,869) (54,365)
Investments in tenant improvements and deferred leasing costs (60,661) (44,827)
Investments in building improvements (26,528) (24,109)
Investment in acquired controlling interest in unconsolidated affiliate 0 (127,339)
Net proceeds from disposition of real estate assets 107,362 71,501
Investments in mortgages and notes receivable (24) (23)
Repayments of mortgages and notes receivable 144 154
Investments in and advances to unconsolidated affiliates (7,500) 0
Payments of earnest money deposits (37,500) (55,000)
Changes in other investing activities 2,684 5,711
Net cash used in investing activities (69,869) (228,417)
Financing activities:    
Dividends on Common Stock (105,001) (99,778)
Redemptions/repurchases of Preferred Stock 0 (5)
Dividends on Preferred Stock (1,243) (1,243)
Distributions to noncontrolling interests in the Operating Partnership (2,495) (2,726)
Distributions to noncontrolling interests in consolidated affiliates (1,411) (782)
Proceeds from the issuance of Common Stock 6,839 7,763
Costs paid for the issuance of Common Stock (248) (185)
Repurchase of shares related to tax withholdings (2,156) (1,681)
Borrowings on revolving credit facility 145,000 230,000
Repayments of revolving credit facility (125,000) (75,000)
Borrowings on mortgages and notes payable 200,000 0
Repayments of mortgages and notes payable (203,187) (151,006)
Changes in debt issuance costs and other financing activities (2,657) (5,166)
Net cash used in financing activities (91,559) (99,809)
Net increase/(decrease) in cash and cash equivalents and restricted cash 40,470 (130,811)
Cash and cash equivalents and restricted cash at beginning of the period 31,198 189,244
Cash and cash equivalents and restricted cash at end of the period 71,668 58,433
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 25,045 6,535
Restricted cash at end of the period 46,623 51,898
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 47,762 36,071
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges 0 (11)
Conversions of Common Units to Common Stock 1,251 44
Changes in accrued capital expenditures [1] (20,066) (23,599)
Write-off of fully depreciated real estate assets 21,827 36,798
Write-off of fully amortized leasing costs 11,628 28,575
Write-off of fully amortized debt issuance costs 1,216 4,158
Adjustment of noncontrolling interests in the Operating Partnership to fair value (25,528) 15,334
Future consideration in connection with the acquisition of land 0 16,000
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 34,500 $ 42,300
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities at June 30, 2022 and 2021 were $34.5 million and $42.3 million, respectively.
v3.22.2
HRLP - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 94,705 $ 118,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,409 122,876
Amortization of lease incentives and acquisition-related intangible assets and liabilities (166) (1,439)
Share-based compensation expense 6,136 4,855
Net credit losses/(reversals) on operating lease receivables 2,625 (489)
Accrued interest on mortgages and notes receivable (46) (54)
Amortization of debt issuance costs 2,040 1,661
Amortization of cash flow hedges (89) 248
Amortization of mortgages and notes payable fair value adjustments (41) 776
Impairments of real estate assets 35,000 0
Losses on debt extinguishment 0 134
Net gains on disposition of property (54,144) (41,799)
Equity in earnings of unconsolidated affiliates (626) (1,068)
Distributions of earnings from unconsolidated affiliates 598 1,402
Changes in operating assets and liabilities:    
Accounts receivable (3,758) 6,694
Prepaid expenses and other assets (6,534) (5,642)
Accrued straight-line rents receivable (13,053) (7,638)
Accounts payable, accrued expenses and other liabilities (158) (1,801)
Net cash provided by operating activities 201,898 197,415
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (26,977) (120)
Investments in development in-process (20,869) (54,365)
Investments in tenant improvements and deferred leasing costs (60,661) (44,827)
Investments in building improvements (26,528) (24,109)
Investment in acquired controlling interest in unconsolidated affiliate 0 (127,339)
Net proceeds from disposition of real estate assets 107,362 71,501
Investments in mortgages and notes receivable (24) (23)
Repayments of mortgages and notes receivable 144 154
Investments in and advances to unconsolidated affiliates (7,500) 0
Payments of earnest money deposits (37,500) (55,000)
Changes in other investing activities 2,684 5,711
Net cash used in investing activities (69,869) (228,417)
Financing activities:    
Distributions to noncontrolling interests in consolidated affiliates (1,411) (782)
Borrowings on revolving credit facility 145,000 230,000
Repayments of revolving credit facility (125,000) (75,000)
Borrowings on mortgages and notes payable 200,000 0
Repayments of mortgages and notes payable (203,187) (151,006)
Changes in debt issuance costs and other financing activities (2,657) (5,166)
Net cash used in financing activities (91,559) (99,809)
Net increase/(decrease) in cash and cash equivalents and restricted cash 40,470 (130,811)
Cash and cash equivalents and restricted cash at beginning of the period 31,198 189,244
Cash and cash equivalents and restricted cash at end of the period 71,668 58,433
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 25,045 6,535
Restricted cash at end of the period 46,623 51,898
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 47,762 36,071
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges 0 (11)
Changes in accrued capital expenditures [1] (20,066) (23,599)
Write-off of fully depreciated real estate assets 21,827 36,798
Write-off of fully amortized leasing costs 11,628 28,575
Write-off of fully amortized debt issuance costs 1,216 4,158
Future consideration in connection with the acquisition of land 0 16,000
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 34,500 42,300
Highwoods Realty Limited Partnership [Member]    
Operating activities:    
Net income 94,705 118,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,409 122,876
Amortization of lease incentives and acquisition-related intangible assets and liabilities (166) (1,439)
Share-based compensation expense 6,136 4,855
Net credit losses/(reversals) on operating lease receivables 2,625 (489)
Accrued interest on mortgages and notes receivable (46) (54)
Amortization of debt issuance costs 2,040 1,661
Amortization of cash flow hedges (89) 248
Amortization of mortgages and notes payable fair value adjustments (41) 776
Impairments of real estate assets 35,000 0
Losses on debt extinguishment 0 134
Net gains on disposition of property (54,144) (41,799)
Equity in earnings of unconsolidated affiliates (626) (1,068)
Distributions of earnings from unconsolidated affiliates 598 1,402
Changes in operating assets and liabilities:    
Accounts receivable (3,758) 6,694
Prepaid expenses and other assets (6,534) (5,642)
Accrued straight-line rents receivable (13,053) (7,638)
Accounts payable, accrued expenses and other liabilities (158) (1,801)
Net cash provided by operating activities 201,898 197,415
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (26,977) (120)
Investments in development in-process (20,869) (54,365)
Investments in tenant improvements and deferred leasing costs (60,661) (44,827)
Investments in building improvements (26,528) (24,109)
Investment in acquired controlling interest in unconsolidated affiliate 0 (127,339)
Net proceeds from disposition of real estate assets 107,362 71,501
Investments in mortgages and notes receivable (24) (23)
Repayments of mortgages and notes receivable 144 154
Investments in and advances to unconsolidated affiliates (7,500) 0
Payments of earnest money deposits (37,500) (55,000)
Changes in other investing activities 2,684 5,711
Net cash used in investing activities (69,869) (228,417)
Financing activities:    
Distributions on Common Units (107,087) (102,112)
Redemptions/repurchases of Preferred Units 0 (5)
Distributions on Preferred Units (1,243) (1,243)
Distributions to noncontrolling interests in consolidated affiliates (1,411) (782)
Proceeds from the issuance of Common Units 6,839 7,763
Costs paid for the issuance of Common Units (248) (185)
Repurchase of units related to tax withholdings (2,156) (1,681)
Borrowings on revolving credit facility 145,000 230,000
Repayments of revolving credit facility (125,000) (75,000)
Borrowings on mortgages and notes payable 200,000 0
Repayments of mortgages and notes payable (203,187) (151,006)
Changes in debt issuance costs and other financing activities (3,066) (5,558)
Net cash used in financing activities (91,559) (99,809)
Net increase/(decrease) in cash and cash equivalents and restricted cash 40,470 (130,811)
Cash and cash equivalents and restricted cash at beginning of the period 31,198 189,244
Cash and cash equivalents and restricted cash at end of the period 71,668 58,433
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 25,045 6,535
Restricted cash at end of the period 46,623 51,898
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 47,762 36,071
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges 0 (11)
Changes in accrued capital expenditures [1] (20,066) (23,599)
Write-off of fully depreciated real estate assets 21,827 36,798
Write-off of fully amortized leasing costs 11,628 28,575
Write-off of fully amortized debt issuance costs 1,216 4,158
Adjustment of Redeemable Common Units to fair value (27,106) 15,681
Future consideration in connection with the acquisition of land 0 16,000
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 34,500 $ 42,300
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities at June 30, 2022 and 2021 were $34.5 million and $42.3 million, respectively.
v3.22.2
Description of Business and Significant Accounting Policies
 6 Months Ended
Jun. 30, 2022
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, Pittsburgh, Raleigh, Richmond and Tampa. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). At June 30, 2022, we owned or had an interest in 27.6 million rentable square feet of in-service properties, 0.6 million rentable square feet of office properties under development and development land with approximately 4.9 million rentable square feet of potential office build out.

Capital Structure

The Company is the sole general partner of the Operating Partnership. At June 30, 2022, the Company owned all of the Preferred Units and 104.8 million, or 97.7%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.5 million Common Units. During the six months ended June 30, 2022, the Company redeemed 30,909 Common Units for a like number of shares of Common Stock.

During 2020, we entered into separate equity distribution agreements in which the Company may offer and sell up to $300.0 million in aggregate gross sales price of shares of Common Stock. During the six months ended June 30, 2022, the Company issued 130,011 shares of Common Stock under its equity distribution agreements at an average gross sales price of $46.50 per share and received net proceeds, after sales commissions, of $6.0 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. At June 30, 2022, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity. As such, this entity is consolidated. Additionally, at June 30, 2022, we have involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity. As such, this entity is not consolidated. (See Note 3).

All intercompany transactions and accounts have been eliminated.

The unaudited interim consolidated financial statements and accompanying unaudited consolidated financial information, in the opinion of management, 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 2021 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. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities. At June 30, 2022, a reserve of $0.5 million was recorded to cover estimated reported and unreported claims.

Planned Investment Activity

During the second quarter of 2022, we agreed to acquire 650 South Tryon at Legacy Union in Charlotte’s Uptown CBD submarket for a total investment of $203.0 million, including $3.9 million of anticipated leasing capital expenditures to bring the property to stabilization. 650 South Tryon, which delivered in late 2020 and is currently 79% leased, is a trophy, LEED gold-certified office building encompassing 367,000 square feet. 650 South Tryon is immediately adjacent and connected to Company-owned Bank of America Tower at Legacy Union, a trophy, LEED gold-certified office building encompassing 841,000 square feet that delivered in 2019. The acquisition of 650 South Tryon is scheduled to close in August 2022. We have posted earnest money deposits totaling $37.5 million that are non-refundable except in limited circumstances.

Recently Issued Accounting Standards

The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance in this ASU is optional and may be elected now through December 31, 2022 as reference rate reform activities occur. We will continue to evaluate the impact of this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria.
v3.22.2
Leases
 6 Months Ended
Jun. 30, 2022
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. Office properties owned by us that are under lease are primarily located in Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, 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 $200.7 million and $182.4 million during the three months ended June 30, 2022 and 2021, respectively, and $404.3 million and $362.4 million during the six months ended June 30, 2022 and 2021, respectively. Included in these amounts are variable lease payments of $17.7 million and $14.5 million during the three months ended June 30, 2022 and 2021, respectively, and $35.0 million and $29.0 million during the six months ended June 30, 2022 and 2021, respectively.
v3.22.2
Variable Interest Entities
 6 Months Ended
Jun. 30, 2022
Variable Interest Entities [Abstract]  
Variable Interest Entities Variable Interest Entities
Consolidated Variable Interest Entity

In 2019, we and The Bromley Companies formed a joint venture to construct Midtown West, a 150,000 square foot, multi-customer office building located in the mixed-use Midtown Tampa project in Tampa’s Westshore submarket. Midtown West has an anticipated total investment of $71.3 million. Construction of Midtown West began in the third quarter of 2019 and the building was placed in service in the second quarter of 2021. At closing, we agreed to contribute cash of $20.0 million, which has been fully funded, in exchange for an 80.0% interest in the Midtown West joint venture and The Bromley Companies contributed land valued at $5.0 million in exchange for the remaining 20.0% interest. We also committed to provide a $46.3 million interest-only secured construction loan to the Midtown West joint venture that is scheduled to mature in June 2023. The loan bears interest at LIBOR plus 250 basis points. As of June 30, 2022, $33.2 million under the loan has been funded.

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 as both a debt and an equity holder and The Bromley Companies as an equity holder. 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 investment provided by us and The Bromley Companies is not sufficient to finance its planned investments and operations. We, as 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 and loan commitment. 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,
2022		December 31,
2021
Net real estate assets$58,645 $53,191 
Cash and cash equivalents$1,084 $389 
Accounts receivable$188 $— 
Accrued straight-line rents receivable$182 $121 
Deferred leasing costs, net$1,588 $1,519 
Prepaid expenses and other assets, net$284 $163 
Accounts payable, accrued expenses and other liabilities$2,749 $646 

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.
Unconsolidated Variable Interest Entity

During the fourth quarter of 2021, we and Brand Properties, LLC (“Brand”) formed a joint venture to construct 2827 Peachtree, a 135,000 square foot, multi-customer office building located in Atlanta’s Buckhead submarket. 2827 Peachtree has an anticipated total investment of $79.0 million. Construction of 2827 Peachtree began in the first quarter of 2022 with a scheduled completion date in the third quarter of 2023. At closing, we agreed to contribute cash of $13.3 million, which has been fully funded, in exchange for a 50.0% interest in the 2827 Peachtree joint venture and Brand contributed land valued at $7.7 million and cash of $5.6 million in exchange for the remaining 50.0% interest. We also committed to provide a $49.6 million interest-only secured construction loan to the 2827 Peachtree joint venture that is scheduled to mature in December 2024 with an option to extend for one year. The loan bears interest at LIBOR plus 300 basis points. As of June 30, 2022, no amounts under the loan have been funded.

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 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 investment provided by us and Brand is not sufficient to finance its planned investments and operations. However, since we are not the managing member or lead developer, we concluded 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. At June 30, 2022, our risk of loss with respect to this arrangement was limited to the carrying value of the investment balance of $13.6 million as no amounts were outstanding under the loan. 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.
v3.22.2
Real Estate Assets
 6 Months Ended
Jun. 30, 2022
Real Estate [Abstract]  
Real Estate Assets Real Estate Assets
Acquisitions

During the second quarter of 2022, we acquired land in Charlotte for an aggregate purchase price, including capitalized acquisition costs, of $27.0 million.

Dispositions

During the second quarter of 2022, we sold office buildings and land in Atlanta, Greensboro and Tampa for an aggregate sales price of $100.7 million (before closing credits to buyers of $1.1 million) and recorded aggregate gains on disposition of property of $50.0 million.

During the first quarter of 2022, we sold land in Tampa for a sales price of $9.6 million and recorded a gain on disposition of property of $4.1 million.

Impairments

As more fully described in Note 15, we have entered the Dallas market through the formation of two 50/50 joint ventures to develop Class AA assets in two Dallas submarkets. We plan to fund our entry into Dallas, including our share of the two developments, by exiting the Pittsburgh market. Our Pittsburgh assets, which consist of 2,155,000 square feet of office that were 92.9% occupied as of June 30, 2022, represent approximately 6% of our overall net operating income.
Because we classified all of our assets in Pittsburgh as non-core, net income in the second quarter of 2022 included an impairment charge of $35.0 million to lower the carrying amount of EQT Plaza (including accrued straight-line rents receivable and deferred leasing costs) to its estimated fair value less costs to sell. EQT Plaza is a 616,000 square foot office building located in the heart of Pittsburgh’s CBD. EQT Corporation’s lease of 317,000 square feet at EQT Plaza is scheduled to expire in September 2024.
v3.22.2
Intangible Assets and Below Market Lease Liabilities
 6 Months Ended
Jun. 30, 2022
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,
2022		December 31,
2021
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$399,218 $402,013 
Less accumulated amortization(155,594)(143,111)
$243,624 $258,902 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$56,888 $57,703 
Less accumulated amortization(30,849)(28,978)
$26,039 $28,725 

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

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$10,933 $8,626 $22,178 $17,197 
Amortization of lease incentives (in rental and other revenues)$419 $445 $869 $893 
Amortization of acquisition-related intangible assets (in rental and other revenues)$821 $241 $1,651 $518 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(1,319)$(1,421)$(2,686)$(2,850)

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 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, 2022$21,172 $812 $1,460 $(2,608)
202338,414 1,536 2,745 (4,824)
202433,314 1,392 2,531 (4,111)
202526,557 1,316 1,667 (2,594)
202622,609 1,190 1,336 (2,294)
Thereafter76,813 3,966 4,794 (9,608)
$218,879 $10,212 $14,533 $(26,039)
Weighted average remaining amortization periods as of June 30, 2022 (in years)7.98.27.48.1
v3.22.2
Mortgages and Notes Payable
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Mortgages and Notes Payable Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

June 30,
2022		December 31,
2021
Secured indebtedness$488,000 $491,942 
Unsecured indebtedness2,332,895 2,312,180 
Less-unamortized debt issuance costs(16,581)(15,207)
Total mortgages and notes payable, net$2,804,314 $2,788,915 

At June 30, 2022, our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $732.3 million.
Our $750.0 million unsecured revolving credit facility is scheduled to mature in March 2025 and includes an accordion feature that allows for an additional $400.0 million of borrowing capacity subject to additional lender commitments. Assuming no defaults have occurred, we have an option to extend the maturity for two additional six-month periods. During the second quarter of 2022, in connection with the modification of our $200.0 million term loan as discussed below, the interest rate on our revolving credit facility was converted from LIBOR plus 90 basis points to 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. We may be entitled to a temporary reduction in the interest rate of one basis point provided we meet certain sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. There was $90.0 million and $130.0 million outstanding under our revolving credit facility at June 30, 2022 and July 19, 2022, respectively. At both June 30, 2022 and July 19, 2022, we had $0.1 million of outstanding letters of credit which reduces the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility at June 30, 2022 and July 19, 2022 was $659.9 million and $619.9 million, respectively.
During the second quarter of 2022, we modified our $200.0 million unsecured bank term loan to extend the maturity date from November 2022 to May 2026. As part of this modification, we also obtained a $150.0 million delayed-draw term loan, which must be drawn in its entirety by August 2022, that is scheduled to mature in May 2027. The interest rate, based on current credit ratings, is SOFR plus a related spread adjustment of 10 basis points and a borrowing spread of 95 basis points. The interest rate is based on the higher of the publicly announced ratings from Moody’s Investors Service or Standard & Poor’s Ratings Services. We may be entitled to a temporary reduction in the interest rate of one basis point provided we meet certain sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. We incurred $2.7 million of debt issuance costs, which are being amortized along with certain existing unamortized debt issuance costs over the remaining term of our modified term loan.
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 26, 2022 (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 considered our scheduled debt maturities during such one-year period, including the $250.0 million principal amount of unsecured notes that are scheduled to mature in January 2023. 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 (including the $150.0 million delayed-draw term loan discussed above);

•borrowings under our revolving credit facility;

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

•the disposition of non-core assets.
v3.22.2
Derivative Financial Instruments
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
We previously entered into floating-to-fixed interest rate swaps through January 2022 with respect to an aggregate of $50.0 million LIBOR-based borrowings. These swaps effectively fixed the underlying one month LIBOR rate at a weighted average rate of 1.693%. During the first quarter of 2022, these interest rate swaps expired.

Our interest rate swaps were designated as and accounted for as cash flow hedges with changes in fair value recorded in other comprehensive income/(loss) each reporting period. We had no collateral requirements related to our interest rate swaps.

Amounts reported in accumulated other comprehensive income/(loss) related to derivatives are reclassified to interest expense as interest payments are made on our debt. During the period from July 1, 2022 through June 30, 2023, we estimate that $0.3 million will be reclassified as a net decrease to interest expense.

The following table sets forth the fair value of our derivatives:

June 30,
2022		December 31,
2021
Derivatives:
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps$— $60 

The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive loss and interest expense:

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Derivatives Designated as Cash Flow Hedges:
Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives:
Interest rate swaps$— $(11)$— $(11)
Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense:
Interest rate swaps$(74)$126 $(89)$248 
v3.22.2
Noncontrolling Interests
 6 Months Ended
Jun. 30, 2022
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

At June 30, 2022, our noncontrolling interests in consolidated affiliates relate to our joint venture partners’ 50.0% interest in office properties in Richmond and 20.0% interest in the Midtown West joint venture. Our joint venture partners are unrelated third parties.

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,
2022202120222021
Beginning noncontrolling interests in the Operating Partnership$114,570 $121,895 $111,689 $112,499 
Adjustment of noncontrolling interests in the Operating Partnership to fair value(28,696)6,068 (25,528)15,334 
Conversions of Common Units to Common Stock(1,251)(44)(1,251)(44)
Net income attributable to noncontrolling interests in the Operating Partnership1,203 1,624 2,168 3,117 
Distributions to noncontrolling interests in the Operating Partnership(1,243)(1,363)(2,495)(2,726)
Total noncontrolling interests in the Operating Partnership$84,583 $128,180 $84,583 $128,180 

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,
2022202120222021
Net income available for common stockholders$50,511 $59,305 $90,771 $113,764 
Increase in additional paid in capital from conversions of Common Units to Common Stock1,251 44 1,251 44 
Change from net income available for common stockholders and transfers from noncontrolling interests$51,762 $59,349 $92,022 $113,808 
v3.22.2
Disclosure About Fair Value of Financial Instruments
 6 Months Ended
Jun. 30, 2022
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 utilizing 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 at June 30, 2022:
Assets:
Mortgages and notes receivable, at fair value (1)
$1,153 $— $1,153 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,500 2,500 — — 
Impaired real estate assets57,418 — — 57,418 
Total Assets$61,071 $2,500 $1,153 $57,418 
Noncontrolling Interests in the Operating Partnership$84,583 $84,583 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$2,587,436 $— $2,587,436 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,500 2,500 — — 
Total Liabilities
$2,589,936 $2,500 $2,587,436 $— 
Fair Value at December 31, 2021:
Assets:
Mortgages and notes receivable, at fair value (1)
$1,227 $— $1,227 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,866 2,866 — — 
Total Assets$4,093 $2,866 $1,227 $— 
Noncontrolling Interests in the Operating Partnership$111,689 $111,689 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$2,907,492 $— $2,907,492 $— 
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
60 — 60 — 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,866 2,866 — — 
Total Liabilities
$2,910,418 $2,866 $2,907,552 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets at June 30, 2022 and December 31, 2021.
The Level 3 impaired real estate assets as of June 30, 2022 reflected in the table above resulted from the shortened hold period assumptions for EQT Plaza as a result of our plan to exit the Pittsburgh market (see Note 15). The estimated fair value was calculated using broker opinions of value, which incorporate an income approach, as observable inputs were not available. Key assumptions used in the impairment calculation were estimated selling costs of 3.5% (including seller’s share of anticipated transfer taxes), the high end of an estimated discount rate ranging from 13.2% to 16.2% and an estimated terminal capitalization rate of 8.0%.
v3.22.2
Share-Based Payments
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Share-Based Payments Share-Based PaymentsDuring the six months ended June 30, 2022, the Company granted 99,975 shares of time-based restricted stock and 81,832 shares of total return-based restricted stock with weighted average grant date fair values per share of $43.58 and $41.94, respectively. We recorded share-based compensation expense of $0.8 million and $1.9 million during the three months ended June 30, 2022 and 2021, and $6.1 million and $4.9 million during the six months ended June 30, 2022 and 2021, respectively. At June 30, 2022, there was $5.1 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.2 years.
v3.22.2
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table sets forth the components of accumulated other comprehensive loss:

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Cash flow hedges:
Beginning balance$(988)$(1,340)$(973)$(1,462)
Unrealized losses on cash flow hedges— (11)— (11)
Amortization of cash flow hedges (1)
(74)126 (89)248 
Total accumulated other comprehensive loss$(1,062)$(1,225)$(1,062)$(1,225)
__________
(1)    Amounts reclassified out of accumulated other comprehensive loss into interest expense.
v3.22.2
Real Estate and Other Assets Held For Sale
 6 Months Ended
Jun. 30, 2022
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 the assets held for sale at June 30, 2022 and December 31, 2021, which are considered non-core:

June 30,
2022		December 31,
2021
Assets:
Land held for development— $3,482 
Net real estate assets— 3,482 
Prepaid expenses and other assets, net— 36 
Real estate and other assets, net, held for sale$— $3,518 
v3.22.2
Earnings Per Share and Per Unit
 6 Months Ended
Jun. 30, 2022
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,
2022202120222021
Earnings per Common Share - basic:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(1,203)(1,624)(2,168)(3,117)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Dividends on Preferred Stock(622)(621)(1,243)(1,243)
Net income available for common stockholders$50,511 $59,305 $90,771 $113,764 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,163 104,106 105,049 104,035 
Net income available for common stockholders$0.48 $0.57 $0.86 $1.09 
Earnings per Common Share - diluted:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Dividends on Preferred Stock(622)(621)(1,243)(1,243)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,163 104,106 105,049 104,035 
Add:
Stock options using the treasury method5 20 10 14 
Noncontrolling interests Common Units2,486 2,838 2,495 2,838 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,654 106,964 107,554 106,887 
Net income available for common stockholders$0.48 $0.57 $0.86 $1.09 
__________
(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,
2022202120222021
Earnings per Common Unit - basic:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Distributions on Preferred Units(622)(621)(1,243)(1,243)
Net income available for common unitholders$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,240 106,535 107,135 106,464 
Net income available for common unitholders$0.48 $0.57 $0.87 $1.10 
Earnings per Common Unit - diluted:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Distributions on Preferred Units(622)(621)(1,243)(1,243)
Net income available for common unitholders$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,240 106,535 107,135 106,464 
Add:
Stock options using the treasury method5 20 10 14 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
107,245 106,555 107,145 106,478 
Net income available for common unitholders$0.48 $0.57 $0.87 $1.10 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.22.2
Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments.

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Rental and Other Revenues:
Office:
Atlanta$35,447 $35,738 $71,001 $71,713 
Charlotte16,874 8,917 33,818 18,051 
Nashville42,606 35,578 86,053 70,737 
Orlando13,352 12,730 26,664 25,289 
Pittsburgh14,908 13,949 29,854 28,567 
Raleigh45,535 37,655 91,831 74,697 
Richmond10,432 11,751 20,965 23,213 
Tampa23,556 25,886 47,579 50,310 
Total Office Segment202,710 182,204 407,765 362,577 
Other1,131 3,298 2,454 6,730 
Total Rental and Other Revenues$203,841 $185,502 $410,219 $369,307 
Net Operating Income:
Office:
Atlanta$23,267 $23,622 $46,948 $47,622 
Charlotte12,807 7,035 25,857 14,287 
Nashville31,417 25,824 63,939 50,817 
Orlando8,262 7,782 16,399 15,494 
Pittsburgh9,051 8,411 17,912 17,300 
Raleigh34,020 28,444 68,735 56,580 
Richmond7,363 8,234 14,588 16,287 
Tampa14,615 17,857 30,561 34,497 
Total Office Segment140,802 127,209 284,939 252,884 
Other670 2,067 1,489 4,008 
Total Net Operating Income141,472 129,276 286,428 256,892 
Reconciliation to net income:
Depreciation and amortization(69,742)(61,949)(139,409)(122,876)
Impairments of real estate assets(35,000)— (35,000)— 
General and administrative expenses(9,591)(10,107)(23,147)(20,059)
Interest expense(25,027)(19,001)(49,420)(38,769)
Other income120 332 483 644 
Gains on disposition of property50,044 22,862 54,144 41,799 
Equity in earnings of unconsolidated affiliates326 431 626 1,068 
Net income$52,602 $61,844 $94,705 $118,699 
v3.22.2
Subsequent Events
 6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 19, 2022, we announced a series of planned investment activities. First, we have entered the Dallas market through the formation of joint ventures with Granite Properties to develop the following Class AA assets:

ProjectBBDOwn %Rentable Square FeetPre Leased %Anticipated Total Investment (at 100%)Estimated CompletionEstimated Stabilization
($ in thousands)
Granite Park SixFrisco/Plano50%422,00012%$200,000 4Q 231Q 26
23SpringsUptown50%642,00017%$460,000 1Q 251Q 28
The joint ventures were formed on July 12, 2022. In connection with the formation, we agreed to contribute our 50.0% share of the equity required to fund the development projects, $55.7 million of which was funded on the formation date. The joint ventures have obtained construction loans for both projects of $380.0 million in the aggregate. We plan to fund our entry into the Dallas market, including our share of the equity required to construct Granite Park Six and 23Springs, by exiting the Pittsburgh market. Our Pittsburgh assets, which consist of 2,155,000 square feet of office that was 92.9% occupied as of June 30, 2022, represent approximately 6% of our overall net operating income. We can provide no assurances, however, that we will dispose of any of our assets in Pittsburgh on favorable terms, or at all, because the dispositions are subject to the negotiation and execution of definitive and binding purchase and sale agreements and would then be subject to the buyers’ completion of satisfactory due diligence and other customary closing conditions. There is no pre-determined timetable for our Pittsburgh market exit.
v3.22.2
Description of Business and Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2022
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. At June 30, 2022, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity. As such, this entity is consolidated. Additionally, at June 30, 2022, we have involvement with, but are not the primary beneficiary in, an entity that we concluded to be a variable interest entity. As such, this entity is not consolidated. (See Note 3).

All intercompany transactions and accounts have been eliminated.
The unaudited interim consolidated financial statements and accompanying unaudited consolidated financial information, in the opinion of management, 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 2021 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 InsuranceWe are primarily self-insured for health care claims for participating employees. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities.
Recently Issued Accounting Standards
Recently Issued Accounting Standards

The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance in this ASU is optional and may be elected now through December 31, 2022 as reference rate reform activities occur. We will continue to evaluate the impact of this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria.
v3.22.2
Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2022
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,
2022		December 31,
2021
Net real estate assets$58,645 $53,191 
Cash and cash equivalents$1,084 $389 
Accounts receivable$188 $— 
Accrued straight-line rents receivable$182 $121 
Deferred leasing costs, net$1,588 $1,519 
Prepaid expenses and other assets, net$284 $163 
Accounts payable, accrued expenses and other liabilities$2,749 $646 
v3.22.2
Intangible Assets and Below Market Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2022
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,
2022		December 31,
2021
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$399,218 $402,013 
Less accumulated amortization(155,594)(143,111)
$243,624 $258,902 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$56,888 $57,703 
Less accumulated amortization(30,849)(28,978)
$26,039 $28,725 
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,
2022202120222021
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$10,933 $8,626 $22,178 $17,197 
Amortization of lease incentives (in rental and other revenues)$419 $445 $869 $893 
Amortization of acquisition-related intangible assets (in rental and other revenues)$821 $241 $1,651 $518 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(1,319)$(1,421)$(2,686)$(2,850)
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 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, 2022$21,172 $812 $1,460 $(2,608)
202338,414 1,536 2,745 (4,824)
202433,314 1,392 2,531 (4,111)
202526,557 1,316 1,667 (2,594)
202622,609 1,190 1,336 (2,294)
Thereafter76,813 3,966 4,794 (9,608)
$218,879 $10,212 $14,533 $(26,039)
Weighted average remaining amortization periods as of June 30, 2022 (in years)7.98.27.48.1
v3.22.2
Mortgages and Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Consolidated Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

June 30,
2022		December 31,
2021
Secured indebtedness$488,000 $491,942 
Unsecured indebtedness2,332,895 2,312,180 
Less-unamortized debt issuance costs(16,581)(15,207)
Total mortgages and notes payable, net$2,804,314 $2,788,915 
v3.22.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Fair Value
The following table sets forth the fair value of our derivatives:

June 30,
2022		December 31,
2021
Derivatives:
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps$— $60 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive loss and interest expense:

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Derivatives Designated as Cash Flow Hedges:
Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives:
Interest rate swaps$— $(11)$— $(11)
Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense:
Interest rate swaps$(74)$126 $(89)$248 
v3.22.2
Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]
 6 Months Ended
Jun. 30, 2022
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,
2022202120222021
Beginning noncontrolling interests in the Operating Partnership$114,570 $121,895 $111,689 $112,499 
Adjustment of noncontrolling interests in the Operating Partnership to fair value(28,696)6,068 (25,528)15,334 
Conversions of Common Units to Common Stock(1,251)(44)(1,251)(44)
Net income attributable to noncontrolling interests in the Operating Partnership1,203 1,624 2,168 3,117 
Distributions to noncontrolling interests in the Operating Partnership(1,243)(1,363)(2,495)(2,726)
Total noncontrolling interests in the Operating Partnership$84,583 $128,180 $84,583 $128,180 
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net
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,
2022202120222021
Net income available for common stockholders$50,511 $59,305 $90,771 $113,764 
Increase in additional paid in capital from conversions of Common Units to Common Stock1,251 44 1,251 44 
Change from net income available for common stockholders and transfers from noncontrolling interests$51,762 $59,349 $92,022 $113,808 
v3.22.2
Disclosure About Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2022
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 at June 30, 2022:
Assets:
Mortgages and notes receivable, at fair value (1)
$1,153 $— $1,153 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,500 2,500 — — 
Impaired real estate assets57,418 — — 57,418 
Total Assets$61,071 $2,500 $1,153 $57,418 
Noncontrolling Interests in the Operating Partnership$84,583 $84,583 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$2,587,436 $— $2,587,436 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,500 2,500 — — 
Total Liabilities
$2,589,936 $2,500 $2,587,436 $— 
Fair Value at December 31, 2021:
Assets:
Mortgages and notes receivable, at fair value (1)
$1,227 $— $1,227 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,866 2,866 — — 
Total Assets$4,093 $2,866 $1,227 $— 
Noncontrolling Interests in the Operating Partnership$111,689 $111,689 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$2,907,492 $— $2,907,492 $— 
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)
60 — 60 — 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,866 2,866 — — 
Total Liabilities
$2,910,418 $2,866 $2,907,552 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets at June 30, 2022 and December 31, 2021.
v3.22.2
Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of Accumulated Other Comprehensive Loss
The following table sets forth the components of accumulated other comprehensive loss:

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Cash flow hedges:
Beginning balance$(988)$(1,340)$(973)$(1,462)
Unrealized losses on cash flow hedges— (11)— (11)
Amortization of cash flow hedges (1)
(74)126 (89)248 
Total accumulated other comprehensive loss$(1,062)$(1,225)$(1,062)$(1,225)
__________
(1)    Amounts reclassified out of accumulated other comprehensive loss into interest expense.
v3.22.2
Real Estate and Other Assets Held For Sale (Tables)
 6 Months Ended
Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets of the Properties Classified As Held For Sale
The following table sets forth the assets held for sale at June 30, 2022 and December 31, 2021, which are considered non-core:

June 30,
2022		December 31,
2021
Assets:
Land held for development— $3,482 
Net real estate assets— 3,482 
Prepaid expenses and other assets, net— 36 
Real estate and other assets, net, held for sale$— $3,518 
v3.22.2
Earnings Per Share and Per Unit (Tables)
 6 Months Ended
Jun. 30, 2022
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,
2022202120222021
Earnings per Common Share - basic:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(1,203)(1,624)(2,168)(3,117)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Dividends on Preferred Stock(622)(621)(1,243)(1,243)
Net income available for common stockholders$50,511 $59,305 $90,771 $113,764 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,163 104,106 105,049 104,035 
Net income available for common stockholders$0.48 $0.57 $0.86 $1.09 
Earnings per Common Share - diluted:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Dividends on Preferred Stock(622)(621)(1,243)(1,243)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,163 104,106 105,049 104,035 
Add:
Stock options using the treasury method5 20 10 14 
Noncontrolling interests Common Units2,486 2,838 2,495 2,838 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,654 106,964 107,554 106,887 
Net income available for common stockholders$0.48 $0.57 $0.86 $1.09 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
Highwoods Realty Limited Partnership [Member]  
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,
2022202120222021
Earnings per Common Unit - basic:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Distributions on Preferred Units(622)(621)(1,243)(1,243)
Net income available for common unitholders$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,240 106,535 107,135 106,464 
Net income available for common unitholders$0.48 $0.57 $0.87 $1.10 
Earnings per Common Unit - diluted:
Numerator:
Net income$52,602 $61,844 $94,705 $118,699 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(266)(294)(523)(575)
Distributions on Preferred Units(622)(621)(1,243)(1,243)
Net income available for common unitholders$51,714 $60,929 $92,939 $116,881 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,240 106,535 107,135 106,464 
Add:
Stock options using the treasury method5 20 10 14 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
107,245 106,555 107,145 106,478 
Net income available for common unitholders$0.48 $0.57 $0.87 $1.10 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.22.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments.

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Rental and Other Revenues:
Office:
Atlanta$35,447 $35,738 $71,001 $71,713 
Charlotte16,874 8,917 33,818 18,051 
Nashville42,606 35,578 86,053 70,737 
Orlando13,352 12,730 26,664 25,289 
Pittsburgh14,908 13,949 29,854 28,567 
Raleigh45,535 37,655 91,831 74,697 
Richmond10,432 11,751 20,965 23,213 
Tampa23,556 25,886 47,579 50,310 
Total Office Segment202,710 182,204 407,765 362,577 
Other1,131 3,298 2,454 6,730 
Total Rental and Other Revenues$203,841 $185,502 $410,219 $369,307 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Net Operating Income:
Office:
Atlanta$23,267 $23,622 $46,948 $47,622 
Charlotte12,807 7,035 25,857 14,287 
Nashville31,417 25,824 63,939 50,817 
Orlando8,262 7,782 16,399 15,494 
Pittsburgh9,051 8,411 17,912 17,300 
Raleigh34,020 28,444 68,735 56,580 
Richmond7,363 8,234 14,588 16,287 
Tampa14,615 17,857 30,561 34,497 
Total Office Segment140,802 127,209 284,939 252,884 
Other670 2,067 1,489 4,008 
Total Net Operating Income141,472 129,276 286,428 256,892 
Reconciliation to net income:
Depreciation and amortization(69,742)(61,949)(139,409)(122,876)
Impairments of real estate assets(35,000)— (35,000)— 
General and administrative expenses(9,591)(10,107)(23,147)(20,059)
Interest expense(25,027)(19,001)(49,420)(38,769)
Other income120 332 483 644 
Gains on disposition of property50,044 22,862 54,144 41,799 
Equity in earnings of unconsolidated affiliates326 431 626 1,068 
Net income$52,602 $61,844 $94,705 $118,699 
v3.22.2
Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Schedule of Subsequent Events First, we have entered the Dallas market through the formation of joint ventures with Granite Properties to develop the following Class AA assets:
ProjectBBDOwn %Rentable Square FeetPre Leased %Anticipated Total Investment (at 100%)Estimated CompletionEstimated Stabilization
($ in thousands)
Granite Park SixFrisco/Plano50%422,00012%$200,000 4Q 231Q 26
23SpringsUptown50%642,00017%$460,000 1Q 251Q 28
v3.22.2
Description of Business and Significant Accounting Policies (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
ft²
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
ft²
$ / shares
shares
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
ft²
Description of Business [Abstract]            
Rentable square feet of commercial real estate properties (in sq feet) | ft² 27,600,000   27,600,000      
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 600,000   600,000      
Rentable square feet of potential office build (in sq feet) | ft² 4,900,000   4,900,000      
Net proceeds of Common Stock sold during the period $ 262 $ 7,095 $ 4,435 $ 5,897    
Self insurance liability $ 500   $ 500      
Submarket Acquisition            
Description of Business [Abstract]            
Rentable square feet of commercial real estate properties (in sq feet) | ft² 367,000   367,000     841,000
Acquisition purchase price $ 203,000          
Capitalized acquisition costs $ 3,900   $ 3,900      
Percentage of rentable square feet occupied (in hundredths) 79.00%   79.00%      
Earnest money deposits $ 37,500   $ 37,500      
Highwoods Properties, Inc. [Member]            
Description of Business [Abstract]            
Common Units of partnership owned by the Company (in shares) | shares 104,800,000   104,800,000      
Percentage of ownership of Common Units (in hundredths) 97.70%   97.70%      
Common Units redeemed for a like number of common shares of stock (in shares) | shares     30,909      
Highwoods Properties, Inc. [Member] | ATM Equity Offering            
Description of Business [Abstract]            
Net proceeds of Common Stock sold during the period     $ 6,000      
Number of Common Stock sold during the period (in shares) | shares     130,011      
Average price of Common Stock sold during the period (in dollars per share) | $ / shares     $ 46.50      
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 [Member]            
Description of Business [Abstract]            
Common Units of partnership not owned by the Company (in shares) | shares 2,500,000   2,500,000      
v3.22.2
Leases ASC 842 (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Lessor Disclosure [Abstract]        
Rental and other revenues related to operating lease payments $ 200.7 $ 182.4 $ 404.3 $ 362.4
Variable lease income $ 17.7 $ 14.5 $ 35.0 $ 29.0
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  
v3.22.2
Variable Interest Entities (Details)
 12 Months Ended
Dec. 31, 2021
USD ($)
ft²
Dec. 31, 2019
USD ($)
ft²
Jun. 30, 2022
USD ($)
ft²
Jun. 30, 2021
USD ($)
Variable Interest Entities [Line Items]        
Rentable square feet of office property under development (in sq feet) | ft²     600,000  
Assets and liabilities of consolidated variable interest entity [Abstract]        
Net real estate assets $ 5,032,033,000   $ 4,943,451,000  
Cash and cash equivalents 23,152,000   25,045,000 $ 6,535,000
Accounts receivable 14,002,000   17,938,000  
Accrued straight-line rents receivable 268,324,000   277,086,000  
Deferred leasing costs, net 258,902,000   243,624,000  
Prepaid expense and other assets, net 78,551,000   112,937,000  
Accounts payable, accrued expenses and other liabilities $ 294,976,000   271,716,000  
Variable Interest Entity, Non Primary Beneficiary [Member]        
Variable Interest Entities [Line Items]        
Rentable square feet of office property under development (in sq feet) | ft² 135,000      
Total anticipated development costs $ 79,000,000      
Contribution of cash to acquire interest in joint venture $ 13,300,000      
Interest in joint venture (in hundredths) 50.00%      
Advance to affiliate $ 49,600,000      
Amount of loan funded to affiliate     0  
Term of optional extension 1 year      
Risk of loss limited to carrying value     13,600,000  
Variable Interest Entity, Non Primary Beneficiary [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Variable Interest Entities [Line Items]        
Variable interest rate basis LIBOR      
Interest rate, basis spread (in hundredths) 3.00%      
Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entities [Line Items]        
Rentable square feet of office property under development (in sq feet) | ft²   150,000    
Total anticipated development costs   $ 71,300,000    
Contribution of cash to acquire interest in joint venture   $ 20,000,000    
Interest in joint venture (in hundredths)   80.00%    
Advance to affiliate   $ 46,300,000    
Amount of loan funded to affiliate     33,200,000  
Assets and liabilities of consolidated variable interest entity [Abstract]        
Net real estate assets $ 53,191,000   58,645,000  
Cash and cash equivalents 389,000   1,084,000  
Accounts receivable 0   188,000  
Accrued straight-line rents receivable 121,000   182,000  
Deferred leasing costs, net 1,519,000   1,588,000  
Prepaid expense and other assets, net 163,000   284,000  
Accounts payable, accrued expenses and other liabilities 646,000   $ 2,749,000  
Variable Interest Entity, Primary Beneficiary [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Variable Interest Entities [Line Items]        
Variable interest rate basis   LIBOR    
Interest rate, basis spread (in hundredths)   2.50%    
Variable Interest Entity, Partner Interest [Member]        
Variable Interest Entities [Line Items]        
Partner's interest in joint venture (in hundredths)     20.00%  
Variable Interest Entity, Partner Interest [Member] | Variable Interest Entity, Non Primary Beneficiary [Member]        
Variable Interest Entities [Line Items]        
Contribution of cash to acquire interest in joint venture 5,600,000      
Partner's contribution of property to acquire interest in joint venture $ 7,700,000      
Partner's interest in joint venture (in hundredths) 50.00%      
Variable Interest Entity, Partner Interest [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entities [Line Items]        
Partner's contribution of property to acquire interest in joint venture   $ 5,000,000    
Partner's interest in joint venture (in hundredths)   20.00%    
v3.22.2
Real Estate Assets (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
ft²
numberOfJointVentures
numberOfMarkets
Mar. 31, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
ft²
numberOfJointVentures
numberOfMarkets
Jun. 30, 2021
USD ($)
Dispositions [Abstract]          
Gains on disposition of property $ 50,044   $ 22,862 $ 54,144 $ 41,799
Impairments [Abstract]          
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 600,000     600,000  
Impairments of real estate assets $ 35,000   $ 0 $ 35,000 $ 0
Charlotte Land Acquisition [Member]          
Acquisitions [Abstract]          
Acquisition purchase price 27,000        
2022 Dispositions [Member]          
Dispositions [Abstract]          
Sale price of real estate 100,700 $ 9,600      
Closing credits excluded 1,100        
Gains on disposition of property $ 50,000 $ 4,100      
Dallas Joint Ventures [Member]          
Impairments [Abstract]          
Number of joint ventures formed | numberOfJointVentures 2     2  
Number of submarkets entered | numberOfMarkets 2     2  
Pittsburgh Division Office [Member]          
Impairments [Abstract]          
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 2,155,000     2,155,000  
Percent of NOI (in hundredths) 6.00%     6.00%  
Percentage of rentable square feet occupied (in hundredths) 92.90%     92.90%  
EQT Plaza Impairment [Member]          
Impairments [Abstract]          
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 616,000     616,000  
Impairments of real estate assets $ 35,000        
Square footage occupied by customer (in sq ft) | ft² 317,000     317,000  
v3.22.2
Intangible Assets and Below Market Lease Liabilities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Assets:          
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 399,218   $ 399,218   $ 402,013
Deferred leasing costs, accumulated amortization (155,594)   (155,594)   (143,111)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 243,624   243,624   258,902
Liabilities (in accounts payable, accrued expenses and other liabilities):          
Acquisition-related below market lease liabilities, gross 56,888   56,888   57,703
Acquisition-related below market lease liabilities, accumulated amortization (30,849)   (30,849)   (28,978)
Acquisition-related below market lease liabilities, net 26,039   26,039   $ 28,725
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 218,879   218,879    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 10,933 $ 8,626 22,178 $ 17,197  
Lease Incentives (in Rental and Other Revenues) [Member]          
Assets:          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 10,212   10,212    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 419 445 869 893  
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]          
Assets:          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 14,533   14,533    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 821 241 1,651 518  
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 26,039   26,039    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of acquisition-related below market lease liabilities $ (1,319) $ (1,421) $ (2,686) $ (2,850)  
v3.22.2
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Scheduled future amortization of intangible assets [Abstract]    
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 243,624 $ 258,902
Scheduled future amortization of below market lease liabilities [Abstract]    
Total scheduled future amortization of acquisition-related below market lease liabilities (26,039) $ (28,725)
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, 2022 21,172  
2023 38,414  
2024 33,314  
2025 26,557  
2026 22,609  
Thereafter 76,813  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 218,879  
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 10 months 24 days  
Lease Incentives (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
July 1 through December 31, 2022 $ 812  
2023 1,536  
2024 1,392  
2025 1,316  
2026 1,190  
Thereafter 3,966  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 10,212  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 8 years 2 months 12 days  
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
July 1 through December 31, 2022 $ 1,460  
2023 2,745  
2024 2,531  
2025 1,667  
2026 1,336  
Thereafter 4,794  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 14,533  
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 4 months 24 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, 2022 $ (2,608)  
2023 (4,824)  
2024 (4,111)  
2025 (2,594)  
2026 (2,294)  
Thereafter (9,608)  
Total scheduled future amortization of acquisition-related below market lease liabilities $ (26,039)  
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) 8 years 1 month 6 days  
v3.22.2
Mortgages and Notes Payable (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
extension
Jul. 19, 2022
USD ($)
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]        
Mortgages and notes payable $ 2,804,314,000 $ 2,804,314,000   $ 2,788,915,000
Unamortized debt issuance costs (16,581,000) (16,581,000)   (15,207,000)
Debt issuance costs $ 2,700,000 2,700,000    
Maximum liquidity requirements 1 year      
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Maximum borrowing capacity on credit facility $ 750,000,000 750,000,000    
Additional borrowing capacity on revolving credit facility 400,000,000 $ 400,000,000    
Number of additional extensions | extension   2    
Term of optional extension   6 months    
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.01%    
Amount outstanding on revolving credit facility 90,000,000 $ 90,000,000    
Outstanding letters of credit on revolving credit facility 100,000 100,000    
Unused borrowing capacity on revolving credit facility 659,900,000 659,900,000    
Variable Rate Term Loan Due 2026        
Debt Instrument [Line Items]        
Principal amount of debt 200,000,000 $ 200,000,000    
Variable Rate Term Loan Due 2027        
Debt Instrument [Line Items]        
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.01%    
Principal amount of debt 150,000,000 $ 150,000,000    
3.625% (3.752% Effective Rate) Notes Due 2023        
Debt Instrument [Line Items]        
Principal amount of debt 250,000,000 250,000,000    
Secured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable 488,000,000 488,000,000   491,942,000
Aggregate undepreciated book value of secured real estate assets 732,300,000 732,300,000    
Unsecured indebtedness [Member]        
Debt Instrument [Line Items]        
Mortgages and notes payable $ 2,332,895,000 $ 2,332,895,000   $ 2,312,180,000
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Facility interest rate basis   LIBOR    
Interest rate, basis spread (in hundredths)   0.90%    
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%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Variable Rate Term Loan Due 2027        
Debt Instrument [Line Items]        
Interest rate, basis spread (in hundredths)   0.95%    
Variable interest rate basis   SOFR    
SOFR Related Spread Adjustment [Member] | Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Interest rate, basis spread (in hundredths)   0.10%    
SOFR Related Spread Adjustment [Member] | Variable Rate Term Loan Due 2027        
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     $ 130,000,000  
Outstanding letters of credit on revolving credit facility     100,000  
Unused borrowing capacity on revolving credit facility     $ 619,900,000  
v3.22.2
Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Derivatives, Fair Value [Line Items]            
Expected net decrease to interest expense $ (300)     $ (300)    
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:            
Interest rate swaps 0     0   $ 60
Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives:            
Interest rate swaps 0   $ (11) 0 $ (11)  
Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense:            
Interest rate swaps $ (74)   $ 126 $ (89) $ 248  
Floating to Fixed Interest Rate Swaps (2017) [Member]            
Derivatives, Fair Value [Line Items]            
Amount of borrowings outstanding, subject to swaps   $ 50,000        
Underlying treasury rate term (in years)   1 month        
Weighted average interest rate under derivative instruments (in hundredths)   1.693%        
v3.22.2
Noncontrolling Interests (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     $ 111,689  
Adjustment of noncontrolling interests in the Operating Partnership to fair value $ (28,696) $ 6,068 (25,528) $ 15,334
Conversions of Common Units to Common Stock (1,251) (44) (1,251) (44)
Net income attributable to noncontrolling interests in the Operating Partnership 1,203 1,624 2,168 3,117
Distributions to noncontrolling interests in the Operating Partnership     (2,495) (2,726)
Total noncontrolling interests in the Operating Partnership 84,583   84,583  
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 50,511 59,305 90,771 113,764
Highwoods Properties, Inc. [Member]        
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership 114,570 121,895 111,689 112,499
Adjustment of noncontrolling interests in the Operating Partnership to fair value (28,696) 6,068 (25,528) 15,334
Conversions of Common Units to Common Stock (1,251) (44) (1,251) (44)
Net income attributable to noncontrolling interests in the Operating Partnership 1,203 1,624 2,168 3,117
Distributions to noncontrolling interests in the Operating Partnership (1,243) (1,363) (2,495) (2,726)
Total noncontrolling interests in the Operating Partnership 84,583 128,180 84,583 128,180
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 50,511 59,305 90,771 113,764
Increase in additional paid in capital from conversions of Common Units to Common Stock 1,251 44 1,251 44
Change from net income available for common stockholder and transfers from noncontrolling interests $ 51,762 $ 59,349 $ 92,022 $ 113,808
Richmond Joint Venture [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 50.00%   50.00%  
Midtown One Joint Venture [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 20.00%   20.00%  
v3.22.2
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Mortgages and notes receivable, at fair value $ 1,153 $ 1,227
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,500 2,866
Impaired real estate assets 57,418  
Total Assets 61,071 4,093
Liabilities:    
Mortgages and notes payable, net, at fair value 2,587,436 2,907,492
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)   60
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,500 2,866
Total Liabilities 2,589,936 2,910,418
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) 2,500 2,866
Impaired real estate assets 0  
Total Assets 2,500 2,866
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)   0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,500 2,866
Total Liabilities 2,500 2,866
Level 2 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 1,153 1,227
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Impaired real estate assets 0  
Total Assets 1,153 1,227
Liabilities:    
Mortgages and notes payable, net, at fair value 2,587,436 2,907,492
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)   60
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 2,587,436 2,907,552
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 57,418  
Total Assets 57,418 0
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)   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 84,583 111,689
Highwoods Properties, Inc. [Member] | Level 1 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 84,583 111,689
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
v3.22.2
Fair Value Measures and Disclosures - Fair Value Measurement Inputs and Valuation Techniques (Details)
Jun. 30, 2022
Measurement Input, Cost to Sell [Member]  
Valuation Technique and Input [Abstract]  
Impairment key assumption (in hundredths) 3.50%
Measurement Input, Discount Rate [Member] | Minimum [Member]  
Valuation Technique and Input [Abstract]  
Impairment key assumption (in hundredths) 13.20%
Measurement Input, Discount Rate [Member] | Maximum [Member]  
Valuation Technique and Input [Abstract]  
Impairment key assumption (in hundredths) 16.20%
Measurement Input, Cap Rate [Member]  
Valuation Technique and Input [Abstract]  
Impairment key assumption (in hundredths) 8.00%
v3.22.2
Share-Based Payments (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 800 $ 1,900 $ 6,136 $ 4,855
Total unrecognized share-based compensation costs $ 5,100   $ 5,100  
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)     99,975  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 43.58  
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)     81,832  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 41.94  
v3.22.2
Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Accumulated Other Comprehensive Loss Calculation [Roll Forward]        
Beginning balance $ (988) $ (1,340) $ (973) $ (1,462)
Unrealized losses on cash flow hedges 0 (11) 0 (11)
Amortization of cash flow hedges (74) 126 (89) 248
Total accumulated other comprehensive loss $ (1,062) $ (1,225) $ (1,062) $ (1,225)
v3.22.2
Real Estate and Other Assets Held For Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real Estate and Other Assets Held For Sale [Abstract]    
Land held for development $ 0 $ 3,482
Net real estate assets 0 3,482
Prepaid expenses and other assets, net 0 36
Real estate and other assets, net, held for sale $ 0 $ 3,518
v3.22.2
Earnings Per Share and Per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Net (income) attributable to noncontrolling interests in the Operating Partnership (1,203) (1,624) (2,168) (3,117)
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Dividends on Preferred Stock (622) (621) (1,243) (1,243)
Net income available for common stockholders $ 50,511 $ 59,305 $ 90,771 $ 113,764
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 105,163 104,106 105,049 104,035
Earnings per Common Share - basic:        
Net income available for common stockholders (in dollars per share) $ 0.48 $ 0.57 $ 0.86 $ 1.09
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Dividends on Preferred Stock (622) (621) (1,243) (1,243)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 51,714 $ 60,929 $ 92,939 $ 116,881
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 105,163 104,106 105,049 104,035
Stock options using the treasury method (in shares) 5 20 10 14
Noncontrolling interests Common Units (in shares) 2,486 2,838 2,495 2,838
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) 107,654 106,964 107,554 106,887
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.48 $ 0.57 $ 0.86 $ 1.09
Highwoods Realty Limited Partnership [Member]        
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Distributions on Preferred Units (622) (621) (1,243) (1,243)
Net income available for common unitholders $ 51,714 $ 60,929 $ 92,939 $ 116,881
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 107,240 106,535 107,135 106,464
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.48 $ 0.57 $ 0.87 $ 1.10
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 52,602 $ 61,844 $ 94,705 $ 118,699
Net (income) attributable to noncontrolling interests in consolidated affiliates (266) (294) (523) (575)
Distributions on Preferred Units (622) (621) (1,243) (1,243)
Net income available for common unitholders $ 51,714 $ 60,929 $ 92,939 $ 116,881
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 107,240 106,535 107,135 106,464
Stock options using the treasury method (in shares) 5 20 10 14
Denominator for diluted earnings per Common Unit - adjusted weighted average units and assumed conversions (in shares) 107,245 106,555 107,145 106,478
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.48 $ 0.57 $ 0.87 $ 1.10
v3.22.2
Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues $ 203,841 $ 185,502 $ 410,219 $ 369,307
Total Net Operating Income 141,472 129,276 286,428 256,892
Reconciliation to net income:        
Depreciation and amortization (69,742) (61,949) (139,409) (122,876)
Impairments of real estate assets (35,000) 0 (35,000) 0
General and administrative expenses (9,591) (10,107) (23,147) (20,059)
Interest expense (25,027) (19,001) (49,420) (38,769)
Other income 120 332 483 644
Gains on disposition of property 50,044 22,862 54,144 41,799
Equity in earnings of unconsolidated affiliates 326 431 626 1,068
Net income 52,602 61,844 94,705 118,699
Total Office Segment [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 202,710 182,204 407,765 362,577
Total Net Operating Income 140,802 127,209 284,939 252,884
Office Atlanta, GA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 35,447 35,738 71,001 71,713
Total Net Operating Income 23,267 23,622 46,948 47,622
Office Charlotte, NC [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 16,874 8,917 33,818 18,051
Total Net Operating Income 12,807 7,035 25,857 14,287
Office Nashville, TN [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 42,606 35,578 86,053 70,737
Total Net Operating Income 31,417 25,824 63,939 50,817
Office Orlando, FL [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 13,352 12,730 26,664 25,289
Total Net Operating Income 8,262 7,782 16,399 15,494
Office Pittsburgh, PA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 14,908 13,949 29,854 28,567
Total Net Operating Income 9,051 8,411 17,912 17,300
Office Raleigh, NC [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 45,535 37,655 91,831 74,697
Total Net Operating Income 34,020 28,444 68,735 56,580
Office Richmond, VA [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 10,432 11,751 20,965 23,213
Total Net Operating Income 7,363 8,234 14,588 16,287
Office Tampa, FL [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 23,556 25,886 47,579 50,310
Total Net Operating Income 14,615 17,857 30,561 34,497
Other [Member]        
Segment Reporting Information [Line Items]        
Total Rental and Other Revenues 1,131 3,298 2,454 6,730
Total Net Operating Income $ 670 $ 2,067 $ 1,489 $ 4,008
v3.22.2
Subsequent Events (Details)
$ in Thousands
Jul. 19, 2022
USD ($)
ft²
Jun. 30, 2022
ft²
Subsequent Event [Line Items]    
Rentable square feet of commercial real estate properties (in sq feet) | ft²   27,600,000
Pittsburgh Division Office [Member]    
Subsequent Event [Line Items]    
Percentage of rentable square feet occupied (in hundredths)   92.90%
Percent of NOI (in hundredths)   6.00%
Subsequent Event [Member] | Dallas Joint Ventures [Member]    
Subsequent Event [Line Items]    
Percentage of equity interest in joint venture (in hundredths) 50.00%  
Cash funded to acquire interest in joint venture | $ $ 55,700  
Construction loan related to joint venture development | $ $ 380,000  
Subsequent Event [Member] | Granite Park Six [Member]    
Subsequent Event [Line Items]    
Percentage of equity interest in joint venture (in hundredths) 50.00%  
Rentable square feet of commercial real estate properties (in sq feet) | ft² 422,000  
Pre-lease percentage of building under development (in hundredths) 12.00%  
Total anticipated development costs | $ $ 200,000  
Subsequent Event [Member] | 23Springs [Member]    
Subsequent Event [Line Items]    
Percentage of equity interest in joint venture (in hundredths) 50.00%  
Rentable square feet of commercial real estate properties (in sq feet) | ft² 642,000  
Pre-lease percentage of building under development (in hundredths) 17.00%  
Total anticipated development costs | $ $ 460,000  
Subsequent Event [Member] | Pittsburgh Division Office [Member]    
Subsequent Event [Line Items]    
Rentable square feet of commercial real estate properties (in sq feet) | ft² 2,155,000  
Percentage of rentable square feet occupied (in hundredths) 92.90%  
Percent of NOI (in hundredths) 6.00%