HIGHWOODS PROPERTIES, INC., 10-Q filed on 10/28/2025
Quarterly Report
v3.25.3
Cover Page - shares
9 Months Ended
Sep. 30, 2025
Oct. 21, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
Document Transition Report false  
Entity Registrant Name HIGHWOODS PROPERTIES, INC.  
Entity Incorporation, State or Country Code MD  
Entity File Number 001-13100  
Entity Tax Identification Number 56-1871668  
Entity Address, Address Line One 150 Fayetteville Street  
Entity Address, Address Line Two Suite 1400  
Entity Address, City or Town Raleigh  
Entity Address, State or Province NC  
Entity Address, Postal Zip Code 27601  
City Area Code 919  
Local Phone Number 872-4924  
Title of 12(b) Security Common Stock, $.01 par value, of Highwoods Properties, Inc.  
Trading Symbol HIW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   109,893,942
Entity Central Index Key 0000921082  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Highwoods Realty Limited Partnership [Member]    
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS REALTY LIMITED PARTNERSHIP  
Entity Incorporation, State or Country Code NC  
Entity File Number 000-21731  
Entity Tax Identification Number 56-1869557  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000941713  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.25.3
HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 594,825 $ 570,286
Buildings and tenant improvements 6,017,574 5,826,603
Development in-process 3,657 0
Land held for development 214,467 221,048
Total real estate assets 6,830,523 6,617,937
Less-accumulated depreciation (1,883,882) (1,796,586)
Net real estate assets 4,946,641 4,821,351
Real estate and other assets, net, held for sale 10,490 55,409
Cash and cash equivalents 26,262 22,412
Restricted cash 15,481 11,265
Accounts receivable 30,344 28,287
Mortgages and notes receivable 6,211 11,064
Accrued straight-line rents receivable 317,072 308,853
Investments in and advances to unconsolidated affiliates 497,002 485,726
Deferred leasing costs, net of accumulated amortization of $165,547 and $170,312, respectively 225,307 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $23,897 and $20,626, respectively 64,683 75,021
Total Assets 6,139,493 6,029,355
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,404,707 3,293,559
Accounts payable, accrued expenses and other liabilities 283,905 304,551
Total Liabilities 3,688,612 3,598,110
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 65,042 65,791
Equity:    
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 26,691 and 28,811 shares issued and outstanding, respectively 26,691 28,811
Common Stock, $.01 par value, 200,000,000 authorized shares; 109,553,557 and 107,623,777 shares issued and outstanding, respectively 1,096 1,076
Additional paid-in capital 3,200,251 3,144,130
Distributions in excess of net income available for common stockholders (843,790) (810,608)
Accumulated other comprehensive loss (2,432) (2,246)
Total Stockholders’ Equity 2,381,816 2,361,163
Noncontrolling interests in consolidated affiliates 4,023 4,291
Total Equity/Capital 2,385,839 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,139,493 $ 6,029,355
v3.25.3
HPI - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
6 Months Ended 9 Months Ended
Jun. 30, 2025
Sep. 30, 2025
Dec. 31, 2024
Assets:      
Deferred leasing costs, accumulated amortization   $ 165,547 $ 170,312
Prepaid expenses and other assets, accumulated depreciation   $ 23,897 $ 20,626
Equity:      
Series A Preferred Stock, par value (in dollars per share)   $ 0.01 $ 0.01
Series A Preferred Stock, authorized shares (in shares)   50,000,000 50,000,000
Series A Preferred Stock, dividend rate percentage (in hundredths) 8.625% 8.625%  
Series A Preferred Stock, liquidation preference (in dollars per share)   $ 1,000 $ 1,000
Series A Preferred Stock, shares issued (in shares)   26,691 28,811
Series A Preferred Stock, shares outstanding (in shares)   26,691 28,811
Common Stock, par value (in dollars per share)   $ 0.01 $ 0.01
Common Stock, authorized shares (in shares)   200,000,000 200,000,000
Common Stock, shares issued (in shares)   109,553,557 107,623,777
Common Stock, shares outstanding (in shares)   109,553,557 107,623,777
v3.25.3
HRLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real estate assets, at cost:    
Land $ 594,825 $ 570,286
Buildings and tenant improvements 6,017,574 5,826,603
Development in-process 3,657 0
Land held for development 214,467 221,048
Total real estate assets 6,830,523 6,617,937
Less-accumulated depreciation (1,883,882) (1,796,586)
Net real estate assets 4,946,641 4,821,351
Real estate and other assets, net, held for sale 10,490 55,409
Cash and cash equivalents 26,262 22,412
Restricted cash 15,481 11,265
Accounts receivable 30,344 28,287
Mortgages and notes receivable 6,211 11,064
Accrued straight-line rents receivable 317,072 308,853
Investments in and advances to unconsolidated affiliates 497,002 485,726
Deferred leasing costs, net of accumulated amortization of $165,547 and $170,312, respectively 225,307 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $23,897 and $20,626, respectively 64,683 75,021
Total Assets 6,139,493 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,404,707 3,293,559
Accounts payable, accrued expenses and other liabilities 283,905 304,551
Total Liabilities 3,688,612 3,598,110
Commitments and contingencies
Capital:    
Accumulated other comprehensive loss (2,432) (2,246)
Noncontrolling interests in consolidated affiliates 4,023 4,291
Total Equity/Capital 2,385,839 2,365,454
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 6,139,493 6,029,355
Highwoods Realty Limited Partnership [Member]    
Real estate assets, at cost:    
Land 594,825 570,286
Buildings and tenant improvements 6,017,574 5,826,603
Development in-process 3,657 0
Land held for development 214,467 221,048
Total real estate assets 6,830,523 6,617,937
Less-accumulated depreciation (1,883,882) (1,796,586)
Net real estate assets 4,946,641 4,821,351
Real estate and other assets, net, held for sale 10,490 55,409
Cash and cash equivalents 26,262 22,412
Restricted cash 15,481 11,265
Accounts receivable 30,344 28,287
Mortgages and notes receivable 6,211 11,064
Accrued straight-line rents receivable 317,072 308,853
Investments in and advances to unconsolidated affiliates 497,002 485,726
Deferred leasing costs, net of accumulated amortization of $165,547 and $170,312, respectively 225,307 209,967
Prepaid expenses and other assets, net of accumulated depreciation of $23,897 and $20,626, respectively 64,683 75,021
Total Assets 6,139,493 6,029,355
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,404,707 3,293,559
Accounts payable, accrued expenses and other liabilities 283,905 304,551
Total Liabilities 3,688,612 3,598,110
Commitments and contingencies
Redeemable Operating Partnership Units:    
Common Units, 2,044,053 and 2,151,423 outstanding, respectively 65,042 65,791
Series A Preferred Units (liquidation preference $1,000 per unit), 26,691 and 28,811 units issued and outstanding, respectively 26,691 28,811
Total Redeemable Operating Partnership Units 91,733 94,602
Capital:    
General partner Common Units, 1,111,888 and 1,093,664 outstanding, respectively 23,573 23,345
Limited partner Common Units, 108,032,860 and 106,121,304 outstanding, respectively 2,333,984 2,311,253
Accumulated other comprehensive loss (2,432) (2,246)
Noncontrolling interests in consolidated affiliates 4,023 4,291
Total Equity/Capital 2,359,148 2,336,643
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,139,493 $ 6,029,355
v3.25.3
HRLP - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Deferred leasing costs, accumulated amortization $ 165,547 $ 170,312
Prepaid expenses and other assets, accumulated depreciation 23,897 20,626
Highwoods Realty Limited Partnership [Member]    
Assets:    
Deferred leasing costs, accumulated amortization 165,547 170,312
Prepaid expenses and other assets, accumulated depreciation $ 23,897 $ 20,626
Redeemable Operating Partnership Units: [Abstract]    
Redeemable Common Units outstanding (in shares) 2,044,053 2,151,423
Series A Preferred Units, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Units, issued (in shares) 26,691 28,811
Series A Preferred Units, outstanding (in shares) 26,691 28,811
Common Units: [Abstract]    
General partners' capital account, units outstanding (in shares) 1,111,888 1,093,664
Limited partners' capital account, units outstanding (in shares) 108,032,860 106,121,304
v3.25.3
HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Rental and other revenues $ 201,773 $ 204,323 $ 602,756 $ 620,336
Operating expenses:        
Rental property and other expenses 65,923 65,706 194,612 200,700
Depreciation and amortization 73,898 79,116 219,982 226,532
Impairments of real estate assets 8,800 0 8,800 0
General and administrative 8,995 9,898 31,771 31,754
Total operating expenses 157,616 154,720 455,165 458,986
Interest expense 38,475 37,472 112,782 109,928
Other income 1,753 1,872 8,007 10,559
Gains on disposition of property 5,674 350 87,889 42,581
Equity in earnings of unconsolidated affiliates 598 1,116 2,223 2,890
Net income 13,707 15,469 132,928 107,452
Net (income) attributable to noncontrolling interests in the Operating Partnership (256) (297) (2,577) (2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Dividends on Preferred Stock (576) (622) (1,783) (1,864)
Net income available for common stockholders $ 12,877 $ 14,558 $ 128,596 $ 103,492
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Weighted average Common Shares outstanding - basic (in shares) 108,403 106,010 107,973 105,937
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Weighted average Common Shares outstanding - diluted (in shares) 110,522 108,161 110,113 108,089
v3.25.3
HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Rental and other revenues $ 201,773 $ 204,323 $ 602,756 $ 620,336
Operating expenses:        
Rental property and other expenses 65,923 65,706 194,612 200,700
Depreciation and amortization 73,898 79,116 219,982 226,532
Impairments of real estate assets 8,800 0 8,800 0
General and administrative 8,995 9,898 31,771 31,754
Total operating expenses 157,616 154,720 455,165 458,986
Interest expense 38,475 37,472 112,782 109,928
Other income 1,753 1,872 8,007 10,559
Gains on disposition of property 5,674 350 87,889 42,581
Equity in earnings of unconsolidated affiliates 598 1,116 2,223 2,890
Net income 13,707 15,469 132,928 107,452
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues 201,773 204,323 602,756 620,336
Operating expenses:        
Rental property and other expenses 65,923 65,706 194,612 200,700
Depreciation and amortization 73,898 79,116 219,982 226,532
Impairments of real estate assets 8,800 0 8,800 0
General and administrative 8,995 9,898 31,771 31,754
Total operating expenses 157,616 154,720 455,165 458,986
Interest expense 38,475 37,472 112,782 109,928
Other income 1,753 1,872 8,007 10,559
Gains on disposition of property 5,674 350 87,889 42,581
Equity in earnings of unconsolidated affiliates 598 1,116 2,223 2,890
Net income 13,707 15,469 132,928 107,452
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Distributions on Preferred Units (576) (622) (1,783) (1,864)
Net income available for common unitholders $ 13,133 $ 14,855 $ 131,173 $ 105,603
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.12 $ 0.14 $ 1.20 $ 0.98
Weighted average Common Units outstanding - basic (in shares) 110,113 107,752 109,704 107,680
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.12 $ 0.14 $ 1.20 $ 0.98
Weighted average Common Units outstanding - diluted (in shares) 110,113 107,752 109,704 107,680
v3.25.3
HPI - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Comprehensive income:        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Other comprehensive loss:        
Amortization of cash flow hedges (62) (63) (186) (187)
Total other comprehensive loss (62) (63) (186) (187)
Total comprehensive income 13,645 15,406 132,742 107,265
Less-comprehensive (income) attributable to noncontrolling interests (254) (289) (2,549) (2,096)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 13,391 $ 15,117 $ 130,193 $ 105,169
v3.25.3
HRLP - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Comprehensive income:        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Other comprehensive loss:        
Amortization of cash flow hedges (62) (63) (186) (187)
Other comprehensive loss (62) (63) (186) (187)
Total comprehensive income 13,645 15,406 132,742 107,265
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (254) (289) (2,549) (2,096)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders 13,391 15,117 130,193 105,169
Highwoods Realty Limited Partnership [Member]        
Comprehensive income:        
Net income 13,707 15,469 132,928 107,452
Other comprehensive loss:        
Amortization of cash flow hedges (62) (63) (186) (187)
Other comprehensive loss (62) (63) (186) (187)
Total comprehensive income 13,645 15,406 132,742 107,265
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 13,647 $ 15,414 $ 132,770 $ 107,280
v3.25.3
HPI - Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Highwoods Realty Limited Partnership [Member]
Highwoods Realty Limited Partnership [Member]
General Partners' Common Units [Member]
Highwoods Realty Limited Partnership [Member]
Limited Partners' Common Units [Member]
Highwoods Realty Limited Partnership [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Highwoods Realty Limited Partnership [Member]
Noncontrolling Interests in Consolidated Affiliates [Member]
Common Stock [Member]
Series A Cumulative Redeemable Preferred Shares [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Noncontrolling Interests in Consolidated Affiliates [Member]
Distributions in Excess of Net Income Available for Common Stockholders [Member]
Balance (in shares) at Dec. 31, 2023             105,710,315          
Balance at Dec. 31, 2023 $ 2,438,022 $ 2,409,211 $ 24,064 $ 2,382,419 $ (1,997) $ 4,725 $ 1,057 $ 28,811 $ 3,103,446 $ (1,997) $ 4,725 $ (698,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             (19,806)          
Issuances of Common Stock, net of issuance costs and tax withholdings (343)               (343)      
Conversions of Common Units to Common Stock - Shares             5,385          
Conversions of Common Units to Common Stock 132               132      
Dividends on Common Stock (158,876)                     (158,876)
Dividends on Preferred Stock (1,864)                     (1,864)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (23,822)               (23,822)      
Distributions to noncontrolling interests in consolidated affiliates (300) (300)       (300)         (300)  
Issuances of restricted stock - shares             324,532          
Issuances of restricted stock 0                      
Share-based compensation expense, net of forfeitures, value             $ 3          
Share-based compensation expense, net of forfeitures 7,001 7,001 70 6,931         6,998      
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,111)                     (2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 15   (15)         (15) 15
Comprehensive income:                        
Net income 107,452 107,452 1,075 106,377               107,452
Other comprehensive loss (187) (187)     (187)         (187)    
Total comprehensive income 107,265 107,265                    
Balance (in shares) at Sep. 30, 2024             106,020,426          
Balance at Sep. 30, 2024 2,365,104 2,336,293 23,340 2,310,727 (2,184) 4,410 $ 1,060 28,811 3,086,411 (2,184) 4,410 (753,404)
Balance (in shares) at Jun. 30, 2024             106,010,262          
Balance at Jun. 30, 2024 2,418,793 2,389,982 23,875 2,363,610 (2,121) 4,618 $ 1,060 28,811 3,101,381 (2,121) 4,618 (714,956)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             10,164          
Issuances of Common Stock, net of issuance costs and tax withholdings 342               342      
Dividends on Common Stock (53,006)                     (53,006)
Dividends on Preferred Stock (622)                     (622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (16,355)               (16,355)      
Distributions to noncontrolling interests in consolidated affiliates (200) (200)       (200)         (200)  
Share-based compensation expense, net of forfeitures 1,043 1,043 10 1,033         1,043      
Net (income) attributable to noncontrolling interests in the Operating Partnership (297)                     (297)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 8   (8)         (8) 8
Comprehensive income:                        
Net income 15,469 15,469 155 15,314               15,469
Other comprehensive loss (63) (63)     (63)         (63)    
Total comprehensive income 15,406 15,406                    
Balance (in shares) at Sep. 30, 2024             106,020,426          
Balance at Sep. 30, 2024 $ 2,365,104 2,336,293 23,340 2,310,727 (2,184) 4,410 $ 1,060 28,811 3,086,411 (2,184) 4,410 (753,404)
Balance (in shares) at Dec. 31, 2024 107,623,777           107,623,777          
Balance at Dec. 31, 2024 $ 2,365,454 2,336,643 23,345 2,311,253 (2,246) 4,291 $ 1,076 28,811 3,144,130 (2,246) 4,291 (810,608)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             1,561,056          
Issuances of Common Stock, net of issuance costs and tax withholdings 48,606           $ 17   48,589      
Conversions of Common Units to Common Stock - Shares             107,044          
Conversions of Common Units to Common Stock 3,329               3,329      
Dividends on Common Stock (161,778)                     (161,778)
Dividends on Preferred Stock (1,783)                     (1,783)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (3,240)               (3,240)      
Distributions to noncontrolling interests in consolidated affiliates (240) (240)       (240)         (240)  
Issuances of restricted stock - shares             261,680          
Issuances of restricted stock 0                      
Redemptions/repurchases of Preferred Stock (2,120)             (2,120)        
Share-based compensation expense, net of forfeitures, value             $ 3          
Share-based compensation expense, net of forfeitures 7,446 7,446 74 7,372         7,443      
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,577)                     (2,577)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 28   (28)         (28) 28
Comprehensive income:                        
Net income 132,928 132,928 1,329 131,599               132,928
Other comprehensive loss (186) (186)     (186)         (186)    
Total comprehensive income $ 132,742 132,742                    
Balance (in shares) at Sep. 30, 2025 109,553,557           109,553,557          
Balance at Sep. 30, 2025 $ 2,385,839 2,359,148 23,573 2,333,984 (2,432) 4,023 $ 1,096 26,691 3,200,251 (2,432) 4,023 (843,790)
Balance (in shares) at Jun. 30, 2025             107,886,915          
Balance at Jun. 30, 2025 2,376,238 2,349,522 23,477 2,324,310 (2,370) 4,105 $ 1,079 26,716 3,149,335 (2,370) 4,105 (802,627)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             1,559,598          
Issuances of Common Stock, net of issuance costs and tax withholdings 48,748           $ 17   48,731      
Conversions of Common Units to Common Stock - Shares             107,044          
Conversions of Common Units to Common Stock 3,329               3,329      
Dividends on Common Stock (54,040)                     (54,040)
Dividends on Preferred Stock (576)                     (576)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (2,313)               (2,313)      
Distributions to noncontrolling interests in consolidated affiliates (80) (80)       (80)         (80)  
Redemptions/repurchases of Preferred Stock (25)             (25)        
Share-based compensation expense, net of forfeitures, value             $ 0          
Share-based compensation expense, net of forfeitures 1,169 1,169 11 1,158         1,169      
Net (income) attributable to noncontrolling interests in the Operating Partnership (256)                     (256)
Net loss attributable to noncontrolling interests in consolidated affiliates   0 0 2   (2)         (2) 2
Comprehensive income:                        
Net income 13,707 13,707 137 13,570               13,707
Other comprehensive loss (62) (62)     (62)         (62)    
Total comprehensive income $ 13,645 13,645                    
Balance (in shares) at Sep. 30, 2025 109,553,557           109,553,557          
Balance at Sep. 30, 2025 $ 2,385,839 $ 2,359,148 $ 23,573 $ 2,333,984 $ (2,432) $ 4,023 $ 1,096 $ 26,691 $ 3,200,251 $ (2,432) $ 4,023 $ (843,790)
v3.25.3
HPI - Consolidated Statements of Equity (Parentheticals) - Highwoods Properties, Inc. [Member] - $ / shares
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dividends on Common Stock (per share) $ 0.50 $ 0.50 $ 1.50 $ 1.50
Series A Cumulative Redeemable Preferred Shares [Member]        
Dividends on Preferred Stock (per share) $ 21.5625 $ 21.5625 $ 64.6875 $ 64.6875
v3.25.3
HRLP - Consolidated Statements of Capital - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance $ 2,376,238 $ 2,418,793 $ 2,365,454 $ 2,438,022
Share-based compensation expense, net of forfeitures 1,169 1,043 7,446 7,001
Distributions to noncontrolling interests in consolidated affiliates (80) (200) (240) (300)
Net loss attributable to noncontrolling interests in consolidated affiliates   0 0 0
Comprehensive income:        
Net income 13,707 15,469 132,928 107,452
Other comprehensive loss (62) (63) (186) (187)
Total comprehensive income 13,645 15,406 132,742 107,265
Balance 2,385,839 2,365,104 2,385,839 2,365,104
Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,349,522 2,389,982 2,336,643 2,409,211
Issuances of Common Units, net of issuance costs and tax withholdings 48,748 342 48,606 (343)
Redemption of Common Units     (10)  
Distributions on Common Units (54,911) (53,877) (164,391) (161,489)
Distributions on Preferred Units (576) (622) (1,783) (1,864)
Share-based compensation expense, net of forfeitures 1,169 1,043 7,446 7,001
Distributions to noncontrolling interests in consolidated affiliates (80) (200) (240) (300)
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 1,631 (15,781) 135 (23,188)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 0
Comprehensive income:        
Net income 13,707 15,469 132,928 107,452
Other comprehensive loss (62) (63) (186) (187)
Total comprehensive income 13,645 15,406 132,742 107,265
Balance 2,359,148 2,336,293 2,359,148 2,336,293
General Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 23,477 23,875 23,345 24,064
Issuances of Common Units, net of issuance costs and tax withholdings 487 4 486 (3)
Redemption of Common Units     0  
Distributions on Common Units (549) (539) (1,644) (1,615)
Distributions on Preferred Units (6) (7) (18) (19)
Share-based compensation expense, net of forfeitures 11 10 74 70
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 16 (158) 1 (232)
Net loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 0
Comprehensive income:        
Net income 137 155 1,329 1,075
Balance 23,573 23,340 23,573 23,340
Limited Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,324,310 2,363,610 2,311,253 2,382,419
Issuances of Common Units, net of issuance costs and tax withholdings 48,261 338 48,120 (340)
Redemption of Common Units     (10)  
Distributions on Common Units (54,362) (53,338) (162,747) (159,874)
Distributions on Preferred Units (570) (615) (1,765) (1,845)
Share-based compensation expense, net of forfeitures 1,158 1,033 7,372 6,931
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 1,615 (15,623) 134 (22,956)
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Comprehensive income:        
Net income 13,570 15,314 131,599 106,377
Balance 2,333,984 2,310,727 2,333,984 2,310,727
Accumulated Other Comprehensive Income (Loss) [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance (2,370) (2,121) (2,246) (1,997)
Comprehensive income:        
Other comprehensive loss (62) (63) (186) (187)
Balance (2,432) (2,184) (2,432) (2,184)
Noncontrolling Interests in Consolidated Affiliates [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 4,105 4,618 4,291 4,725
Distributions to noncontrolling interests in consolidated affiliates (80) (200) (240) (300)
Net loss attributable to noncontrolling interests in consolidated affiliates (2) (8) (28) (15)
Comprehensive income:        
Balance $ 4,023 $ 4,410 $ 4,023 $ 4,410
v3.25.3
HRLP - Consolidated Statements of Capital (Parentheticals) - Highwoods Realty Limited Partnership [Member] - $ / shares
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Distributions on Common Units (per unit) $ 0.50 $ 0.50 $ 1.50 $ 1.50
Series A Cumulative Redeemable Preferred Shares [Member]        
Distributions on Preferred Units (per unit) $ 21.5625 $ 21.5625 $ 64.6875 $ 64.6875
v3.25.3
HPI - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 132,928 $ 107,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,982 226,532
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,791 866
Share-based compensation expense 7,446 7,001
Net credit losses on operating lease receivables (776) 1,831
Accrued interest on mortgages and notes receivable (877) (321)
Amortization of debt issuance costs 4,276 4,214
Amortization of cash flow hedges (186) (187)
Amortization of mortgages and notes payable fair value adjustments 84 84
Impairments of real estate assets 8,800 0
Losses on debt extinguishment 144 173
Net gains on disposition of property (87,889) (42,581)
Equity in earnings of unconsolidated affiliates (2,223) (2,890)
Distributions of earnings from unconsolidated affiliates 5,277 4,282
Changes in operating assets and liabilities:    
Accounts receivable 621 1,162
Prepaid expenses and other assets (1,102) (961)
Accrued straight-line rents receivable (9,510) (7,735)
Accounts payable, accrued expenses and other liabilities (19,263) 936
Net cash provided by operating activities 259,523 299,858
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (248,017) 0
Investments in development in-process (1,967) (4,149)
Investments in tenant improvements and deferred leasing costs (110,065) (102,791)
Investments in building improvements (30,760) (27,827)
Net proceeds from disposition of real estate assets 153,586 81,659
Distributions of capital from unconsolidated affiliates 6,288 6,254
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,350 47
Investments in and advances to unconsolidated affiliates (21,576) (147,452)
Changes in earnest money deposits 10,000 0
Changes in other investing activities (1,616) (4,475)
Net cash used in investing activities (239,354) (204,963)
Financing activities:    
Dividends on Common Stock (161,778) (158,876)
Redemptions/repurchases of Preferred Stock (2,120) 0
Redemptions of Common Units (10) 0
Dividends on Preferred Stock (1,783) (1,864)
Distributions to noncontrolling interests in the Operating Partnership (3,227) (3,227)
Distributions to noncontrolling interest in consolidated affiliates (240) (300)
Proceeds from the issuance of Common Stock 51,819 1,094
Costs paid for the issuance of Common Stock (1,204) 0
Repurchase of shares related to tax withholdings (2,009) (1,437)
Borrowings on revolving credit facility 390,000 228,000
Repayments of revolving credit facility (274,000) (143,000)
Borrowings on mortgages and notes payable 31,600 0
Repayments of mortgages and notes payable (37,157) (5,238)
Payments for debt issuance costs and other financing activities (1,994) (7,683)
Net cash used in financing activities (12,103) (92,531)
Net increase in cash and cash equivalents and restricted cash 8,066 2,364
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569
Cash and cash equivalents and restricted cash at end of the period 41,743 33,933
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 26,262 23,650
Restricted cash at end of the period 15,481 10,283
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 123,314 112,667
Supplemental disclosure of non-cash investing and financing activities:    
Conversions of Common Units to Common Stock 3,329 132
Changes in accrued capital expenditures [1] (2,105) (4,273)
Write-off of fully depreciated real estate assets 71,956 79,956
Write-off of fully amortized leasing costs 35,962 37,032
Write-off of fully amortized debt issuance costs 1,388 4,083
Adjustment of noncontrolling interests in the Operating Partnership to fair value 3,240 23,822
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 50,800 $ 51,300
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2025 and 2024 were $50.8 million and $51.3 million, respectively.
v3.25.3
HRLP - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 132,928 $ 107,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,982 226,532
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,791 866
Share-based compensation expense 7,446 7,001
Net credit losses on operating lease receivables (776) 1,831
Accrued interest on mortgages and notes receivable (877) (321)
Amortization of debt issuance costs 4,276 4,214
Amortization of cash flow hedges (186) (187)
Amortization of mortgages and notes payable fair value adjustments 84 84
Impairments of real estate assets 8,800 0
Losses on debt extinguishment 144 173
Net gains on disposition of property (87,889) (42,581)
Equity in earnings of unconsolidated affiliates (2,223) (2,890)
Distributions of earnings from unconsolidated affiliates 5,277 4,282
Changes in operating assets and liabilities:    
Accounts receivable 621 1,162
Prepaid expenses and other assets (1,102) (961)
Accrued straight-line rents receivable (9,510) (7,735)
Accounts payable, accrued expenses and other liabilities (19,263) 936
Net cash provided by operating activities 259,523 299,858
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (248,017) 0
Investments in development in-process (1,967) (4,149)
Investments in tenant improvements and deferred leasing costs (110,065) (102,791)
Investments in building improvements (30,760) (27,827)
Net proceeds from disposition of real estate assets 153,586 81,659
Distributions of capital from unconsolidated affiliates 6,288 6,254
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,350 47
Investments in and advances to unconsolidated affiliates (21,576) (147,452)
Changes in earnest money deposits 10,000 0
Changes in other investing activities (1,616) (4,475)
Net cash used in investing activities (239,354) (204,963)
Financing activities:    
Redemptions of Common Units (10) 0
Distributions to noncontrolling interest in consolidated affiliates (240) (300)
Borrowings on revolving credit facility 390,000 228,000
Repayments of revolving credit facility (274,000) (143,000)
Borrowings on mortgages and notes payable 31,600 0
Repayments of mortgages and notes payable (37,157) (5,238)
Payments for debt issuance costs and other financing activities (1,994) (7,683)
Net cash used in financing activities (12,103) (92,531)
Net increase in cash and cash equivalents and restricted cash 8,066 2,364
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569
Cash and cash equivalents and restricted cash at end of the period 41,743 33,933
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 26,262 23,650
Restricted cash at end of the period 15,481 10,283
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 123,314 112,667
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,105) (4,273)
Write-off of fully depreciated real estate assets 71,956 79,956
Write-off of fully amortized leasing costs 35,962 37,032
Write-off of fully amortized debt issuance costs 1,388 4,083
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 50,800 51,300
Highwoods Realty Limited Partnership [Member]    
Operating activities:    
Net income 132,928 107,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,982 226,532
Amortization of lease incentives and acquisition-related intangible assets and liabilities 1,791 866
Share-based compensation expense 7,446 7,001
Net credit losses on operating lease receivables (776) 1,831
Accrued interest on mortgages and notes receivable (877) (321)
Amortization of debt issuance costs 4,276 4,214
Amortization of cash flow hedges (186) (187)
Amortization of mortgages and notes payable fair value adjustments 84 84
Impairments of real estate assets 8,800 0
Losses on debt extinguishment 144 173
Net gains on disposition of property (87,889) (42,581)
Equity in earnings of unconsolidated affiliates (2,223) (2,890)
Distributions of earnings from unconsolidated affiliates 5,277 4,282
Changes in operating assets and liabilities:    
Accounts receivable 621 1,162
Prepaid expenses and other assets (1,102) (961)
Accrued straight-line rents receivable (9,510) (7,735)
Accounts payable, accrued expenses and other liabilities (19,263) 936
Net cash provided by operating activities 259,523 299,858
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (248,017) 0
Investments in development in-process (1,967) (4,149)
Investments in tenant improvements and deferred leasing costs (110,065) (102,791)
Investments in building improvements (30,760) (27,827)
Net proceeds from disposition of real estate assets 153,586 81,659
Distributions of capital from unconsolidated affiliates 6,288 6,254
Investments in mortgages and notes receivable (1,577) (6,229)
Repayments of mortgages and notes receivable 6,350 47
Investments in and advances to unconsolidated affiliates (21,576) (147,452)
Changes in earnest money deposits 10,000 0
Changes in other investing activities (1,616) (4,475)
Net cash used in investing activities (239,354) (204,963)
Financing activities:    
Distributions on Common Units (164,391) (161,489)
Redemptions/repurchases of Preferred Units (2,120) 0
Redemptions of Common Units (10) 0
Distributions on Preferred Units (1,783) (1,864)
Distributions to noncontrolling interest in consolidated affiliates (240) (300)
Proceeds from the issuance of Common Units 51,819 1,094
Costs paid for the issuance of Common Units (1,204) 0
Repurchase of units related to tax withholdings (2,009) (1,437)
Borrowings on revolving credit facility 390,000 228,000
Repayments of revolving credit facility (274,000) (143,000)
Borrowings on mortgages and notes payable 31,600 0
Repayments of mortgages and notes payable (37,157) (5,238)
Payments for debt issuance costs and other financing activities (2,608) (8,297)
Net cash used in financing activities (12,103) (92,531)
Net increase in cash and cash equivalents and restricted cash 8,066 2,364
Cash and cash equivalents and restricted cash at beginning of the period 33,677 31,569
Cash and cash equivalents and restricted cash at end of the period 41,743 33,933
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 26,262 23,650
Restricted cash at end of the period 15,481 10,283
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 123,314 112,667
Supplemental disclosure of non-cash investing and financing activities:    
Changes in accrued capital expenditures [1] (2,105) (4,273)
Write-off of fully depreciated real estate assets 71,956 79,956
Write-off of fully amortized leasing costs 35,962 37,032
Write-off of fully amortized debt issuance costs 1,388 4,083
Adjustment of Redeemable Common Units to fair value (749) 22,574
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 50,800 $ 51,300
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2025 and 2024 were $50.8 million and $51.3 million, respectively.
v3.25.3
Description of Business and Significant Accounting Policies
9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Significant Accounting Policies Description of Business and Significant Accounting Policies
Description of Business

Highwoods Properties, Inc. (the “Company”) is a fully integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). As of September 30, 2025, we owned or had an interest in 27.2 million rentable square feet of in-service properties, 1.4 million rentable square feet of office properties under development and development land with approximately 4.2 million rentable square feet of potential office build out.

Capital Structure

The Company is the sole general partner of the Operating Partnership. As of September 30, 2025, the Company owned all of the Preferred Units and 109.1 million, or 98.2%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.0 million Common Units. During the nine months ended September 30, 2025, the Company redeemed 107,044 Common Units for a like number of shares of Common Stock and 326 Common Units for cash.

Under our existing equity distribution agreements, the Company may offer and sell up to $300.0 million in aggregate gross sales price of shares of Common Stock. During the three and nine months ended September 30, 2025, the Company issued 1,550,588 and 1,595,407 shares of Common Stock, respectively, under its equity distribution agreements and received net proceeds, after sales commissions, of $48.6 million and $50.0 million, respectively. The shares were issued at an average gross sales price of $31.82 during each period. As a result of this activity and the redemptions discussed above, the percentage of Common Units owned by the Company increased from 98.0% as of December 31, 2024 to 98.2% as of September 30, 2025.

Basis of Presentation

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

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

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

All intercompany transactions and accounts have been eliminated.

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

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

Insurance

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

Recently Issued Accounting Standards

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

The FASB issued an ASU that requires disaggregated disclosure of income statement expenses. Certain expense captions will be disaggregated into specified categories in disclosures within the Notes to Consolidated Financial Statements. The ASU is required to be adopted starting with our 2027 Annual Report on Form 10-K. We do not expect this adoption will have a material effect on our Consolidated Financial Statements.
v3.25.3
Leases
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
Operating Leases

We generally lease our office properties to lessees in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance. Our office properties that are under lease are primarily located in Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa and are leased to a wide variety of lessees across many industries. Our leases are operating leases and mostly range from three to 10 years. We recognized rental and other revenues related to operating lease payments of $228.6 million and $200.7 million during the three months ended September 30, 2025 and 2024, respectively, and $590.5 million and $609.5 million during the nine months ended September 30, 2025 and 2024, respectively. Included in these amounts were variable lease payments of $16.6 million and $17.0 million during the three months ended September 30, 2025 and 2024, respectively, and $50.2 million and $56.1 million during the nine months ended September 30, 2025 and 2024, respectively.
v3.25.3
Investments in and Advances to Affiliates
9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates Investments in and Advances to Affiliates
Unconsolidated Affiliates

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

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

As of September 30, 2025, our risk of loss with respect to these arrangements was limited to the carrying value of each investment balance. Our investment balances were $75.5 million and $103.8 million as of September 30, 2025 for the Granite Park Six and 23Springs joint ventures, respectively. The assets of the Granite Park Six and 23Springs joint ventures can be used only to settle obligations of the respective joint venture, and their creditors have no recourse to our wholly owned assets.

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

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

As of September 30, 2025, our risk of loss with respect to this arrangement was limited to the carrying value of our investment balance of $178.2 million. The assets of the McKinney & Olive joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.

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

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

As of September 30, 2025, our risk of loss with respect to this arrangement was $45.1 million, which consists of the $13.3 million carrying value of our investment balance plus the $31.8 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the Midtown East joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.
- Brand/HRLP 2827 Peachtree LLC (“2827 Peachtree joint venture”)

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

As of September 30, 2025, our risk of loss with respect to this arrangement was $61.6 million, which consists of the $12.2 million carrying value of our investment balance plus the $49.4 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the 2827 Peachtree joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.

Consolidated Affiliate

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

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

The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:
September 30,
2025
December 31,
2024
Net real estate assets$56,928 $58,443 
Cash and cash equivalents$1,622 $1,530 
Accounts receivable$99 $42 
Accrued straight-line rents receivable$5,345 $5,192 
Deferred leasing costs, net$2,332 $2,596 
Prepaid expenses and other assets, net$156 $104 
Mortgages and notes payable, net$44,128 $44,325 
Accounts payable, accrued expenses and other liabilities$1,495 $1,297 
The assets of the Midtown West joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets.
v3.25.3
Real Estate Assets
9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Real Estate Assets Real Estate Assets
Acquisitions

During the third quarter of 2025, we acquired the Legacy Union parking garage located at 720 South Church Street in Uptown Charlotte for a total purchase price, including capitalized acquisition costs, of $110.2 million. This 3,057-space garage supports the parking needs for 1.2 million square feet of Highwoods-owned office at Legacy Union, which consists of Bank of America Tower and SIX50 at Legacy Union, and is connected to these office buildings via a skybridge. The assets acquired and liabilities assumed were recorded at relative fair value as determined by management based on information available at the acquisition date and on current assumptions as to future operations.

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

Dispositions

During the third quarter of 2025, we sold a building in Richmond for a sales price of $16.0 million and recorded a gain on disposition of property of $5.7 million.

During the first quarter of 2025, we sold three buildings in Tampa and land in Pittsburgh for an aggregate sales price of $146.3 million and recorded aggregate net gains on disposition of property of $82.2 million.

Impairment

During the third quarter of 2025, we recorded an impairment charge of $8.8 million to lower the carrying amount of two non-core, out-of-service assets at Century Center in Atlanta to their estimated fair values.
v3.25.3
Intangible Assets and Below Market Lease Liabilities
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Below Market Lease Liabilities Intangible Assets and Below Market Lease Liabilities
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

September 30,
2025
December 31,
2024
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$390,854 $380,279 
Less accumulated amortization(165,547)(170,312)
$225,307 $209,967 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$30,532 $37,482 
Less accumulated amortization(16,424)(21,296)
$14,108 $16,186 
The following table sets forth amortization of intangible assets and below market lease liabilities:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$9,683 $11,370 $27,757 $30,999 
Amortization of lease incentives (in rental and other revenues)$715 $643 $2,020 $1,886 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$615 $768 $1,849 $2,364 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(661)$(1,110)$(2,078)$(3,384)

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

Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)Amortization of Lease Incentives (in Rental and Other Revenues)Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2025$9,891 $644 $583 $(647)
202636,393 2,366 2,161 (2,431)
202731,985 2,130 1,680 (2,062)
202827,917 1,918 1,544 (1,649)
202925,037 1,622 1,432 (1,377)
Thereafter69,237 5,187 3,580 (5,942)
$200,460 $13,867 $10,980 $(14,108)
Weighted average remaining amortization periods as of September 30, 2025 (in years)7.17.66.67.6

The following table sets forth the intangible assets acquired as a result of the acquisitions of Advance Auto Parts Tower in Raleigh in the first quarter of 2025 and the Legacy Union parking garage in Charlotte in the third quarter of 2025:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
Amount recorded at acquisition$1,656 $20,208 
Weighted average remaining amortization periods as of September 30, 2025 (in years)8.08.0
v3.25.3
Mortgages and Notes Payable
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Mortgages and Notes Payable Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

September 30,
2025
December 31,
2024
Secured indebtedness$705,498 $712,186 
Unsecured indebtedness2,713,031 2,595,815 
Less-unamortized debt issuance costs(13,822)(14,442)
Total mortgages and notes payable, net$3,404,707 $3,293,559 

As of September 30, 2025, our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $1,246.6 million.

Our $750.0 million unsecured revolving credit facility is scheduled to mature in January 2028 (but can be extended for two additional six-month periods at our option assuming no defaults have occurred). The interest rate on our revolving credit facility is SOFR plus a related spread adjustment of 10 basis points and a borrowing spread of 85 basis points, based on current credit ratings. The annual facility fee is 20 basis points. The interest rate and facility fee are based on the higher of the publicly announced ratings from Moody’s Investors Service or Standard & Poor’s Ratings Services. The interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. There was $220.0 million and $211.0 million outstanding under our revolving credit facility as of September 30, 2025 and October 21, 2025, respectively. As of both September 30, 2025 and October 21, 2025, we had $0.1 million of outstanding letters of credit, which reduce the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility as of September 30, 2025 and October 21, 2025 was $529.9 million and $538.9 million, respectively.

During the third quarter of 2025, we modified our $200.0 million unsecured bank term loan to extend the maturity date from May 2026 to January 2029. The term can be extended for two additional years at our option, assuming no defaults have occurred. The interest rate, based on current credit ratings, is SOFR plus 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. The interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. We incurred $2.0 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, and recorded $0.1 million of loss on debt extinguishment.

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 October 28, 2025 (the date of issuance of the quarterly financial statements) and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. Importantly, we have no scheduled debt maturities during such one-year period. We have concluded it is probable we will meet these short-term liquidity requirements through a combination of the following:
available cash and cash equivalents;
cash flows from operating activities;
issuance of debt securities by the Operating Partnership;
issuance of secured debt;
bank term loans;
borrowings under our revolving credit facility;
issuance of equity securities by the Company or the Operating Partnership; and
the disposition of non-core assets.
v3.25.3
Noncontrolling Interests
9 Months Ended
Sep. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

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

Noncontrolling Interests in the Operating Partnership

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

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Beginning noncontrolling interests in the Operating Partnership$66,878 $56,518 $65,791 $49,520 
Adjustment of noncontrolling interests in the Operating Partnership to fair value2,313 16,355 3,240 23,822 
Conversions of Common Units to Common Stock(3,329)— (3,329)(132)
Redemptions of Common Units— — (10)— 
Net income attributable to noncontrolling interests in the Operating Partnership256 297 2,577 2,111 
Distributions to noncontrolling interests in the Operating Partnership(1,076)(1,076)(3,227)(3,227)
Total noncontrolling interests in the Operating Partnership$65,042 $72,094 $65,042 $72,094 

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
September 30,
Nine Months Ended
September 30,
2025202420252024
Net income available for common stockholders$12,877 $14,558 $128,596 $103,492 
Increase in additional paid in capital from conversions of Common Units to Common Stock3,329 — 3,329 132 
Redemptions of Common Units— — 10 — 
Change from net income available for common stockholders and transfers from noncontrolling interests$16,206 $14,558 $131,935 $103,624 
v3.25.3
Disclosure About Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Disclosure About Fair Value of Financial Instruments Disclosure About Fair Value of Financial Instruments
The following summarizes the levels of inputs that we use to measure fair value.

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

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

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

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

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

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

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

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

Level 1Level 2Level 3
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities
Significant Observable InputsSignificant Unobservable Inputs
Fair Value as of September 30, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$6,211 $— $6,211 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,682 1,682 — — 
Impaired real estate assets19,600 — — 19,600 
Total Assets$27,493 $1,682 $6,211 $19,600 
Noncontrolling Interests in the Operating Partnership$65,042 $65,042 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,307,978 $— $3,307,978 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,682 1,682 — — 
Total Liabilities
$3,309,660 $1,682 $3,307,978 $— 
Fair Value as of December 31, 2024:
Assets:
Mortgages and notes receivable, at fair value (1)
$11,064 $— $11,064 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,295 2,295 — — 
Impaired real estate assets
26,740 — — 26,740 
Total Assets$40,099 $2,295 $11,064 $26,740 
Noncontrolling Interests in the Operating Partnership$65,791 $65,791 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,097,323 $— $3,097,323 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,295 2,295 — — 
Total Liabilities
$3,099,618 $2,295 $3,097,323 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.

The Level 3 impaired real estate assets measured at a fair value of $19.6 million in the third quarter of 2025 consisted of two non-core, out-of-service assets at Century Center in Atlanta.
For one of the Century Center assets, the impairment resulted from a change in our assumptions about the use of the asset. During the third quarter of 2025, we determined that the highest and best use of this asset is residential and that the existing out-of-service office building will ultimately be demolished, either by us or an eventual buyer of the site. We estimated the fair value of this asset by using the sales comparison method, net of estimated demolition costs from construction bids received, as observable inputs were not available.

For the other Century Center asset, the impairment resulted from a decrease in our estimate of fair value based on the market approach, as observable inputs were not available.
v3.25.3
Share-Based Payments
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Payments Share-Based Payments
During the nine months ended September 30, 2025, the Company granted 144,112 shares of time-based restricted stock and 117,568 shares of total return-based restricted stock with weighted average grant date fair values per share of $29.31 and $30.42, respectively. We recorded share-based compensation expense of $1.2 million and $1.0 million during the three months ended September 30, 2025 and 2024, respectively, and $7.4 million and $7.0 million during the nine months ended September 30, 2025 and 2024, respectively. As of September 30, 2025, there was $4.4 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.1 years.
v3.25.3
Real Estate and Other Assets Held For Sale
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets Held For Sale Real Estate and Other Assets Held For Sale
The following table sets forth our assets held for sale, which are considered non-core:

September 30,
2025
December 31,
2024
Assets:
Land$— $6,232 
Buildings and tenant improvements— 98,081 
Land held for development10,239 — 
Less-accumulated depreciation— (58,511)
Net real estate assets10,239 45,802 
Accrued straight-line rents receivable— 6,581 
Deferred leasing costs, net— 2,784 
Prepaid expenses and other assets, net251 242 
Real estate and other assets, net, held for sale$10,490 $55,409 
v3.25.3
Earnings Per Share and Per Unit
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Share - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(256)(297)(2,577)(2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders$12,877 $14,558 $128,596 $103,492 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
Earnings per Common Share - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Add:
Noncontrolling interests Common Units2,119 2,151 2,140 2,152 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
110,522 108,161 110,113 108,089 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
__________
(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
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Unit - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
Earnings per Common Unit - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.25.3
Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our principal business is the operation, acquisition and development of rental office properties. We evaluate our business by geographic location, which is why our primary geographic locations are included as reportable segments below. The operating results by geographic grouping are regularly reviewed by our chief operating decision maker for assessing performance and other purposes. Our chief executive officer is our chief operating decision maker. There are no material inter-segment transactions.
Our accounting policies of the segments are the same as those used in our Consolidated Financial Statements. All operations are within the United States.
The following tables summarize rental and other revenues, rental property and other expenses and net operating income for each of our reportable segments. Net operating income is the primary industry property-level performance metric used by our chief operating decision maker and is defined as rental and other revenues less rental property and other expenses. Our chief operating decision maker uses net operating income to help assess segment performance and decide how to allocate resources accordingly.

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Rental and other revenues:
Atlanta$36,935 $36,742 $108,828 $109,799 
Charlotte23,342 22,010 67,308 65,991 
Nashville38,728 40,903 117,925 126,458 
Orlando13,867 14,312 42,707 43,892 
Raleigh45,779 43,042 135,088 130,848 
Richmond8,935 8,754 27,431 26,816 
Tampa21,951 23,948 65,837 72,963 
Rental and other revenues for reportable segments189,537 189,711 565,124 576,767 
Other12,236 14,612 37,632 43,569 
Total rental and other revenues201,773 204,323 602,756 620,336 
Rental property and other expenses:
Atlanta15,041 14,474 42,876 41,849 
Charlotte6,410 6,074 18,254 18,017 
Nashville11,009 10,246 33,383 34,010 
Orlando4,757 5,462 15,794 17,052 
Raleigh11,357 11,350 34,718 35,311 
Richmond3,048 2,989 8,656 8,392 
Tampa8,476 8,639 24,931 26,832 
Rental property and other expenses for reportable segments60,098 59,234 178,612 181,463 
Other5,825 6,472 16,000 19,237 
Total rental property and other expenses65,923 65,706 194,612 200,700 
Net operating income:
Atlanta21,894 22,268 65,952 67,950 
Charlotte16,932 15,936 49,054 47,974 
Nashville27,719 30,657 84,542 92,448 
Orlando9,110 8,850 26,913 26,840 
Raleigh34,422 31,692 100,370 95,537 
Richmond5,887 5,765 18,775 18,424 
Tampa13,475 15,309 40,906 46,131 
Net operating income for reportable segments129,439 130,477 386,512 395,304 
Other6,411 8,140 21,632 24,332 
Total net operating income$135,850 $138,617 $408,144 $419,636 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Reconciliation to net income:
Depreciation and amortization$(73,898)$(79,116)$(219,982)$(226,532)
Impairments of real estate assets(8,800)— (8,800)— 
General and administrative expenses(8,995)(9,898)(31,771)(31,754)
Interest expense(38,475)(37,472)(112,782)(109,928)
Other income1,753 1,872 8,007 10,559 
Gains on disposition of property5,674 350 87,889 42,581 
Equity in earnings of unconsolidated affiliates598 1,116 2,223 2,890 
Net income$13,707 $15,469 $132,928 $107,452 
v3.25.3
Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On October 23, 2025, the Company declared a cash dividend of $0.50 per share of Common Stock, which is payable on December 9, 2025 to stockholders of record as of November 17, 2025.

On October 21, 2025, we sold a building in Atlanta for a sales price of $7.1 million and expect to record a gain on disposition of property of $2.2 million.
v3.25.3
Insider Trading Arrangements
3 Months Ended
Sep. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.3
Description of Business and Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

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

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

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

All intercompany transactions and accounts have been eliminated.

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

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

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

The FASB issued an ASU that requires disaggregated disclosure of income statement expenses. Certain expense captions will be disaggregated into specified categories in disclosures within the Notes to Consolidated Financial Statements. The ASU is required to be adopted starting with our 2027 Annual Report on Form 10-K. We do not expect this adoption will have a material effect on our Consolidated Financial Statements.
v3.25.3
Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2025
Variable Interest Entities [Abstract]  
Schedule of Variable Interest Entities
The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:
September 30,
2025
December 31,
2024
Net real estate assets$56,928 $58,443 
Cash and cash equivalents$1,622 $1,530 
Accounts receivable$99 $42 
Accrued straight-line rents receivable$5,345 $5,192 
Deferred leasing costs, net$2,332 $2,596 
Prepaid expenses and other assets, net$156 $104 
Mortgages and notes payable, net$44,128 $44,325 
Accounts payable, accrued expenses and other liabilities$1,495 $1,297 
v3.25.3
Intangible Assets and Below Market Lease Liabilities (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Total Intangible Assets and Below Market Lease Liabilities
The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization:

September 30,
2025
December 31,
2024
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$390,854 $380,279 
Less accumulated amortization(165,547)(170,312)
$225,307 $209,967 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$30,532 $37,482 
Less accumulated amortization(16,424)(21,296)
$14,108 $16,186 
Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth amortization of intangible assets and below market lease liabilities:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$9,683 $11,370 $27,757 $30,999 
Amortization of lease incentives (in rental and other revenues)$715 $643 $2,020 $1,886 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$615 $768 $1,849 $2,364 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(661)$(1,110)$(2,078)$(3,384)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities
The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities:

Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization)Amortization of Lease Incentives (in Rental and Other Revenues)Amortization of Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues)Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues)
October 1 through December 31, 2025$9,891 $644 $583 $(647)
202636,393 2,366 2,161 (2,431)
202731,985 2,130 1,680 (2,062)
202827,917 1,918 1,544 (1,649)
202925,037 1,622 1,432 (1,377)
Thereafter69,237 5,187 3,580 (5,942)
$200,460 $13,867 $10,980 $(14,108)
Weighted average remaining amortization periods as of September 30, 2025 (in years)7.17.66.67.6
Total Intangible Assets from Acquisition Activity
The following table sets forth the intangible assets acquired as a result of the acquisitions of Advance Auto Parts Tower in Raleigh in the first quarter of 2025 and the Legacy Union parking garage in Charlotte in the third quarter of 2025:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)
Amount recorded at acquisition$1,656 $20,208 
Weighted average remaining amortization periods as of September 30, 2025 (in years)8.08.0
v3.25.3
Mortgages and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Consolidated Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

September 30,
2025
December 31,
2024
Secured indebtedness$705,498 $712,186 
Unsecured indebtedness2,713,031 2,595,815 
Less-unamortized debt issuance costs(13,822)(14,442)
Total mortgages and notes payable, net$3,404,707 $3,293,559 
v3.25.3
Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]
9 Months Ended
Sep. 30, 2025
Noncontrolling Interest [Line Items]  
Noncontrolling Interests in the Operating Partnership
The following table sets forth the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Beginning noncontrolling interests in the Operating Partnership$66,878 $56,518 $65,791 $49,520 
Adjustment of noncontrolling interests in the Operating Partnership to fair value2,313 16,355 3,240 23,822 
Conversions of Common Units to Common Stock(3,329)— (3,329)(132)
Redemptions of Common Units— — (10)— 
Net income attributable to noncontrolling interests in the Operating Partnership256 297 2,577 2,111 
Distributions to noncontrolling interests in the Operating Partnership(1,076)(1,076)(3,227)(3,227)
Total noncontrolling interests in the Operating Partnership$65,042 $72,094 $65,042 $72,094 
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership
The following table sets forth net income available for common stockholders and transfers from the Company’s noncontrolling interests in the Operating Partnership:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Net income available for common stockholders$12,877 $14,558 $128,596 $103,492 
Increase in additional paid in capital from conversions of Common Units to Common Stock3,329 — 3,329 132 
Redemptions of Common Units— — 10 — 
Change from net income available for common stockholders and transfers from noncontrolling interests$16,206 $14,558 $131,935 $103,624 
v3.25.3
Disclosure About Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Assets, Liabilities and Noncontrolling Interests
The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy:

Level 1Level 2Level 3
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities
Significant Observable InputsSignificant Unobservable Inputs
Fair Value as of September 30, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$6,211 $— $6,211 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,682 1,682 — — 
Impaired real estate assets19,600 — — 19,600 
Total Assets$27,493 $1,682 $6,211 $19,600 
Noncontrolling Interests in the Operating Partnership$65,042 $65,042 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,307,978 $— $3,307,978 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,682 1,682 — — 
Total Liabilities
$3,309,660 $1,682 $3,307,978 $— 
Fair Value as of December 31, 2024:
Assets:
Mortgages and notes receivable, at fair value (1)
$11,064 $— $11,064 $— 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
2,295 2,295 — — 
Impaired real estate assets
26,740 — — 26,740 
Total Assets$40,099 $2,295 $11,064 $26,740 
Noncontrolling Interests in the Operating Partnership$65,791 $65,791 $— $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,097,323 $— $3,097,323 $— 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
2,295 2,295 — — 
Total Liabilities
$3,099,618 $2,295 $3,097,323 $— 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.

The Level 3 impaired real estate assets measured at a fair value of $19.6 million in the third quarter of 2025 consisted of two non-core, out-of-service assets at Century Center in Atlanta.
For one of the Century Center assets, the impairment resulted from a change in our assumptions about the use of the asset. During the third quarter of 2025, we determined that the highest and best use of this asset is residential and that the existing out-of-service office building will ultimately be demolished, either by us or an eventual buyer of the site. We estimated the fair value of this asset by using the sales comparison method, net of estimated demolition costs from construction bids received, as observable inputs were not available.

For the other Century Center asset, the impairment resulted from a decrease in our estimate of fair value based on the market approach, as observable inputs were not available.
v3.25.3
Real Estate and Other Assets Held For Sale (Tables)
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Real Estate and Other Assets of the Properties Classified As Held For Sale
The following table sets forth our assets held for sale, which are considered non-core:

September 30,
2025
December 31,
2024
Assets:
Land$— $6,232 
Buildings and tenant improvements— 98,081 
Land held for development10,239 — 
Less-accumulated depreciation— (58,511)
Net real estate assets10,239 45,802 
Accrued straight-line rents receivable— 6,581 
Deferred leasing costs, net— 2,784 
Prepaid expenses and other assets, net251 242 
Real estate and other assets, net, held for sale$10,490 $55,409 
v3.25.3
Earnings Per Share and Per Unit (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share and Per Unit Basic and Diluted [Line Items]  
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Share - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(256)(297)(2,577)(2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates 28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders$12,877 $14,558 $128,596 $103,492 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
Earnings per Common Share - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Dividends on Preferred Stock(576)(622)(1,783)(1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
108,403 106,010 107,973 105,937 
Add:
Noncontrolling interests Common Units2,119 2,151 2,140 2,152 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
110,522 108,161 110,113 108,089 
Net income available for common stockholders$0.12 $0.14 $1.19 $0.98 
__________
(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
September 30,
Nine Months Ended
September 30,
2025202420252024
Earnings per Common Unit - basic:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
Earnings per Common Unit - diluted:
Numerator:
Net income$13,707 $15,469 $132,928 $107,452 
Net loss attributable to noncontrolling interests in consolidated affiliates28 15 
Distributions on Preferred Units(576)(622)(1,783)(1,864)
Net income available for common unitholders$13,133 $14,855 $131,173 $105,603 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
110,113 107,752 109,704 107,680 
Net income available for common unitholders$0.12 $0.14 $1.20 $0.98 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.25.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following tables summarize rental and other revenues, rental property and other expenses and net operating income for each of our reportable segments. Net operating income is the primary industry property-level performance metric used by our chief operating decision maker and is defined as rental and other revenues less rental property and other expenses. Our chief operating decision maker uses net operating income to help assess segment performance and decide how to allocate resources accordingly.

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Rental and other revenues:
Atlanta$36,935 $36,742 $108,828 $109,799 
Charlotte23,342 22,010 67,308 65,991 
Nashville38,728 40,903 117,925 126,458 
Orlando13,867 14,312 42,707 43,892 
Raleigh45,779 43,042 135,088 130,848 
Richmond8,935 8,754 27,431 26,816 
Tampa21,951 23,948 65,837 72,963 
Rental and other revenues for reportable segments189,537 189,711 565,124 576,767 
Other12,236 14,612 37,632 43,569 
Total rental and other revenues201,773 204,323 602,756 620,336 
Segment, Reconciliation of Other Items from Segments to Consolidated
Rental property and other expenses:
Atlanta15,041 14,474 42,876 41,849 
Charlotte6,410 6,074 18,254 18,017 
Nashville11,009 10,246 33,383 34,010 
Orlando4,757 5,462 15,794 17,052 
Raleigh11,357 11,350 34,718 35,311 
Richmond3,048 2,989 8,656 8,392 
Tampa8,476 8,639 24,931 26,832 
Rental property and other expenses for reportable segments60,098 59,234 178,612 181,463 
Other5,825 6,472 16,000 19,237 
Total rental property and other expenses65,923 65,706 194,612 200,700 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Net operating income:
Atlanta21,894 22,268 65,952 67,950 
Charlotte16,932 15,936 49,054 47,974 
Nashville27,719 30,657 84,542 92,448 
Orlando9,110 8,850 26,913 26,840 
Raleigh34,422 31,692 100,370 95,537 
Richmond5,887 5,765 18,775 18,424 
Tampa13,475 15,309 40,906 46,131 
Net operating income for reportable segments129,439 130,477 386,512 395,304 
Other6,411 8,140 21,632 24,332 
Total net operating income$135,850 $138,617 $408,144 $419,636 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Reconciliation to net income:
Depreciation and amortization$(73,898)$(79,116)$(219,982)$(226,532)
Impairments of real estate assets(8,800)— (8,800)— 
General and administrative expenses(8,995)(9,898)(31,771)(31,754)
Interest expense(38,475)(37,472)(112,782)(109,928)
Other income1,753 1,872 8,007 10,559 
Gains on disposition of property5,674 350 87,889 42,581 
Equity in earnings of unconsolidated affiliates598 1,116 2,223 2,890 
Net income$13,707 $15,469 $132,928 $107,452 
v3.25.3
Description of Business and Significant Accounting Policies (Details)
$ / shares in Units, $ in Thousands, ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
ft²
numberOfEntities
$ / shares
shares
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
ft²
numberOfEntities
$ / shares
shares
Sep. 30, 2024
USD ($)
Dec. 31, 2024
Description of Business [Abstract]          
Rentable square feet of commercial real estate properties (in sq feet) | ft² 27.2   27.2    
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 1.4   1.4    
Rentable square feet of potential office build (in sq feet) | ft² 4.2   4.2    
Net proceeds of Common Stock sold during the period | $ $ 48,748 $ 342 $ 48,606 $ (343)  
Number of VIE entities | numberOfEntities 6   6    
Self insurance liability | $ $ 400   $ 400    
Highwoods Properties, Inc. [Member]          
Description of Business [Abstract]          
Common Units of partnership owned by the Company (in shares) 109,100,000   109,100,000    
Percentage of ownership of Common Units (in hundredths) 98.20%   98.20%   98.00%
Common Units redeemed for a like number of shares of Common Stock     107,044    
Common Units redeemed for cash     326    
Highwoods Properties, Inc. [Member] | ATM Equity Offering [Member]          
Description of Business [Abstract]          
Net proceeds of Common Stock sold during the period | $ $ 48,600   $ 50,000    
Number of Common Stock sold during the period (in shares) 1,550,588   1,595,407    
Average price of Common Stock sold during period (in dollars per share) | $ / shares $ 31.82   $ 31.82    
Highwoods Properties, Inc. [Member] | ATM Equity Offering [Member] | 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) 2,000,000.0   2,000,000.0    
Variable Interest Entity, Primary Beneficiary [Member]          
Description of Business [Abstract]          
Number of VIE entities | numberOfEntities 1   1    
Variable Interest Entity, Non Primary Beneficiary [Member]          
Description of Business [Abstract]          
Number of VIE entities | numberOfEntities 5   5    
v3.25.3
Leases ASC 842 (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Lessor Disclosure [Abstract]        
Rental and other revenues related to operating lease payments $ 228.6 $ 200.7 $ 590.5 $ 609.5
Variable lease income $ 16.6 $ 17.0 $ 50.2 $ 56.1
Minimum [Member]        
Lessor Disclosure [Abstract]        
Operating leases, term of leases (in years) 3 years   3 years  
Maximum [Member]        
Lessor Disclosure [Abstract]        
Operating leases, term of leases (in years) 10 years   10 years  
v3.25.3
Investments in and Advances to Affiliates (Details)
$ in Millions
Sep. 30, 2025
USD ($)
numberOfJointVentures
Rate
Schedule of Equity Method Investments [Line Items]  
Number of joint ventures formed | numberOfJointVentures 2
Granite Park Six JV, LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
GPI23 Springs JV, LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
M+O JV, LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
Fair value of debt assumed from acquisition | $ $ 137.0
Stated interest rate (in hundredths) 4.50%
Effective interest rate (in hundredths) 5.30%
Midtown East Tampa, LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
Brand/HRLP 2827 Peachtree LLC [Member]  
Schedule of Equity Method Investments [Line Items]  
Percentage of equity interest in joint venture (in hundredths) 50.00%
v3.25.3
Variable Interest Entities (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Variable Interest Entities [Line Items]      
Investments in and advances to unconsolidated affiliates $ 497,002 $ 485,726  
Assets and liabilities of consolidated variable interest entity [Abstract]      
Net real estate assets 4,946,641 4,821,351  
Cash and cash equivalents 26,262 22,412 $ 23,650
Accounts receivable 30,344 28,287  
Accrued straight-line rents receivable 317,072 308,853  
Deferred leasing costs, net 225,307 209,967  
Prepaid expense and other assets, net 64,683 75,021  
Mortgages and notes payable 3,404,707 3,293,559  
Accounts payable, accrued expenses and other liabilities 283,905 304,551  
Granite Park Six JV, LLC [Member]      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 75,500    
GPI23 Springs JV, LLC [Member]      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 103,800    
M+O JV, LLC [Member]      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 178,200    
Midtown East Tampa, LLC [Member]      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 45,100    
Investments in and advances to unconsolidated affiliates 13,300    
Amount of loan funded to affiliate 31,800    
Brand/HRLP 2827 Peachtree LLC [Member]      
Variable Interest Entities [Line Items]      
Risk of loss limited to carrying value 61,600    
Investments in and advances to unconsolidated affiliates 12,200    
Amount of loan funded to affiliate $ 49,400    
HRLP MTW, LLC [Member]      
Variable Interest Entities [Line Items]      
Interest in joint venture (in hundredths) 80.00%    
Assets and liabilities of consolidated variable interest entity [Abstract]      
Net real estate assets $ 56,928 58,443  
Cash and cash equivalents 1,622 1,530  
Accounts receivable 99 42  
Accrued straight-line rents receivable 5,345 5,192  
Deferred leasing costs, net 2,332 2,596  
Prepaid expense and other assets, net 156 104  
Mortgages and notes payable 44,128 44,325  
Accounts payable, accrued expenses and other liabilities $ 1,495 $ 1,297  
v3.25.3
Real Estate Assets (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
ft²
numberOfAssets
numberOfParkingSpaces
numberOfBuildings
Mar. 31, 2025
USD ($)
ft²
numberOfBuildings
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
ft²
numberOfAssets
numberOfParkingSpaces
numberOfBuildings
Sep. 30, 2024
USD ($)
Acquisitions [Abstract]          
Rentable square feet of commercial real estate properties (in sq feet) | ft² 27,200,000     27,200,000  
Dispositions [Abstract]          
Gains on disposition of property $ 5,674   $ 350 $ 87,889 $ 42,581
Impairment [Abstract]          
Impairments of real estate assets $ 8,800   $ 0 $ 8,800 $ 0
Number of assets | numberOfAssets 2     2  
2025 Submarket Acquisitions [Member]          
Acquisitions [Abstract]          
Rentable square feet of commercial real estate properties (in sq feet) | ft² 1,200,000 346,000   1,200,000  
Number of parking spaces | numberOfParkingSpaces 3,057     3,057  
Purchase price of acquisition $ 110,200 $ 137,900      
2025 Dispositions [Member]          
Dispositions [Abstract]          
Number of buildings sold | numberOfBuildings   3      
Sales price of real estate 16,000 $ 146,300      
Gains on disposition of property 5,700 $ 82,200      
2025 Impairment [Member]          
Impairment [Abstract]          
Impairments of real estate assets $ 8,800        
Number of assets | numberOfBuildings 2     2  
v3.25.3
Intangible Assets and Below Market Lease Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Assets:          
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 390,854   $ 390,854   $ 380,279
Deferred leasing costs, accumulated amortization (165,547)   (165,547)   (170,312)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 225,307   225,307   209,967
Liabilities (in accounts payable, accrued expenses and other liabilities):          
Acquisition-related below market lease liabilities, gross 30,532   30,532   37,482
Acquisition-related below market lease liabilities, accumulated amortization (16,424)   (16,424)   (21,296)
Acquisition-related below market lease liabilities, net 14,108   14,108   $ 16,186
Amortization of intangible assets and below market lease liabilities [Abstract]          
Acquired intangible assets (amortized in rental and other revenues) 1,656   1,656    
Acquired intangible assets (amortized in depreciation and amortization) 20,208   20,208    
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 200,460   200,460    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 9,683 $ 11,370 27,757 $ 30,999  
Lease Incentives (in Rental and Other Revenues) [Member]          
Assets:          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 13,867   13,867    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 715 643 2,020 1,886  
Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues) [Member]          
Assets:          
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 10,980   10,980    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of intangible assets 615 768 1,849 2,364  
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]          
Liabilities (in accounts payable, accrued expenses and other liabilities):          
Acquisition-related below market lease liabilities, net 14,108   14,108    
Amortization of intangible assets and below market lease liabilities [Abstract]          
Amortization of acquisition-related below market lease liabilities $ (661) $ (1,110) $ (2,078) $ (3,384)  
v3.25.3
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Scheduled future amortization of intangible assets [Abstract]    
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 225,307 $ 209,967
Scheduled future amortization of below market lease liabilities [Abstract]    
Total scheduled future amortization of acquisition-related below market lease liabilities (14,108) $ (16,186)
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2025 9,891  
2026 36,393  
2027 31,985  
2028 27,917  
2029 25,037  
Thereafter 69,237  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 200,460  
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 1 month 6 days  
Lease Incentives (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2025 $ 644  
2026 2,366  
2027 2,130  
2028 1,918  
2029 1,622  
Thereafter 5,187  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 13,867  
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 7 months 6 days  
Acquisition-Related Above Market Lease Intangible Assets (in Rental and Other Revenues) [Member]    
Scheduled future amortization of intangible assets [Abstract]    
October 1 through December 31, 2025 $ 583  
2026 2,161  
2027 1,680  
2028 1,544  
2029 1,432  
Thereafter 3,580  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 10,980  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived intangible assets, average useful life (in years) 6 years 7 months 6 days  
Acquired finite-lived intangible assets, weighted average useful life (in years) 8 years  
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]    
Scheduled future amortization of below market lease liabilities [Abstract]    
October 1 through December 31, 2025 $ (647)  
2026 (2,431)  
2027 (2,062)  
2028 (1,649)  
2029 (1,377)  
Thereafter (5,942)  
Total scheduled future amortization of acquisition-related below market lease liabilities $ (14,108)  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Finite-lived below market lease liabilities, average useful life (in years) 7 years 7 months 6 days  
Acquisition-Related Intangible Assets (Amortized in Depreciation and Amortization) [Member]    
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]    
Acquired finite-lived intangible assets, weighted average useful life (in years) 8 years  
v3.25.3
Mortgages and Notes Payable (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
USD ($)
extension
Sep. 30, 2024
USD ($)
Oct. 21, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]          
Mortgages and notes payable $ 3,404,707,000 $ 3,404,707,000     $ 3,293,559,000
Unamortized debt issuance costs $ (13,822,000) (13,822,000)     (14,442,000)
Loss on debt extinguishment   (144,000) $ (173,000)    
Maximum liquidity requirements 1 year        
Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Maximum borrowing capacity on credit facility $ 750,000,000.0 $ 750,000,000.0      
Number of additional extensions | extension   2      
Term of optional extension   6 months      
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.025%      
Amount outstanding on revolving credit facility 220,000,000.0 $ 220,000,000.0      
Outstanding letters of credit on revolving credit facility 100,000 100,000      
Unused borrowing capacity on revolving credit facility $ 529,900,000 529,900,000      
Variable Rate Term Loan due 2029 [Member]          
Debt Instrument [Line Items]          
Term of optional extension 2 years        
Temporary reduction in interest rate due to sustainability goals (in hundredths) 0.025%        
Principal amount of debt $ 200,000,000.0 200,000,000.0      
Debt issuance costs 2,000,000.0 2,000,000.0      
Loss on debt extinguishment (100,000)        
Secured indebtedness [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable 705,498,000 705,498,000     712,186,000
Aggregate undepreciated book value of secured real estate assets 1,246,600,000 1,246,600,000      
Unsecured indebtedness [Member]          
Debt Instrument [Line Items]          
Mortgages and notes payable $ 2,713,031,000 $ 2,713,031,000     $ 2,595,815,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | 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 [Member] | Variable Rate Term Loan due 2029 [Member]          
Debt Instrument [Line Items]          
Interest rate, basis spread (in hundredths) 0.95%        
Principal debt 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%      
Subsequent Event [Member] | Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Amount outstanding on revolving credit facility       $ 211,000,000.0  
Outstanding letters of credit on revolving credit facility       100,000  
Unused borrowing capacity on revolving credit facility       $ 538,900,000  
v3.25.3
Noncontrolling Interests (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     $ 65,791  
Adjustment of noncontrolling interests in the Operating Partnership to fair value $ 2,313 $ 16,355 3,240 $ 23,822
Conversions of Common Units to Common Stock (3,329)   (3,329) (132)
Redemptions of Common Units     (10) 0
Net income attributable to noncontrolling interests in the Operating Partnership 256 297 2,577 2,111
Distributions to noncontrolling interests in the Operating Partnership     (3,227) (3,227)
Total noncontrolling interests in the Operating Partnership 65,042   65,042  
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 12,877 14,558 128,596 103,492
Highwoods Properties, Inc. [Member]        
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership 66,878 56,518 65,791 49,520
Adjustment of noncontrolling interests in the Operating Partnership to fair value 2,313 16,355 3,240 23,822
Conversions of Common Units to Common Stock (3,329) 0 (3,329) (132)
Redemptions of Common Units 0 0 (10) 0
Net income attributable to noncontrolling interests in the Operating Partnership 256 297 2,577 2,111
Distributions to noncontrolling interests in the Operating Partnership (1,076) (1,076) (3,227) (3,227)
Total noncontrolling interests in the Operating Partnership 65,042 72,094 65,042 72,094
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 12,877 14,558 128,596 103,492
Increase in additional paid in capital from conversions of Common Units to Common Stock 3,329 0 3,329 132
Redemptions of Common Units 0 0 10 0
Change from net income available for common stockholders and transfers from noncontrolling interests $ 16,206 $ 14,558 $ 131,935 $ 103,624
Midtown West Joint Venture [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 20.00%   20.00%  
v3.25.3
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Mortgages and notes receivable, at fair value $ 6,211 $ 11,064
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 1,682 2,295
Impaired real estate assets 19,600 26,740
Total Assets 27,493 40,099
Liabilities:    
Mortgages and notes payable, net, at fair value 3,307,978 3,097,323
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 1,682 2,295
Total Liabilities 3,309,660 3,099,618
Level 1 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 1,682 2,295
Impaired real estate assets 0 0
Total Assets 1,682 2,295
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 1,682 2,295
Total Liabilities 1,682 2,295
Level 2 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 6,211 11,064
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Impaired real estate assets 0 0
Total Assets 6,211 11,064
Liabilities:    
Mortgages and notes payable, net, at fair value 3,307,978 3,097,323
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 3,307,978 3,097,323
Level 3 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 0 0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Impaired real estate assets 19,600 26,740
Total Assets 19,600 26,740
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 0 0
Highwoods Properties, Inc. [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 65,042 65,791
Highwoods Properties, Inc. [Member] | Level 1 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 65,042 65,791
Highwoods Properties, Inc. [Member] | Level 2 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 0 0
Highwoods Properties, Inc. [Member] | Level 3 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership $ 0 $ 0
v3.25.3
Fair Value Measures and Disclosures - Fair Value Measurement Inputs and Valuation Techniques (Details)
$ in Thousands
Sep. 30, 2025
USD ($)
numberOfAssets
Dec. 31, 2024
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Abstract]    
Impaired real estate assets | $ $ 19,600 $ 26,740
Number of assets | numberOfAssets 2  
v3.25.3
Share-Based Payments (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 1,200 $ 1,000 $ 7,446 $ 7,001
Total unrecognized share-based compensation costs $ 4,400   $ 4,400  
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)     2 years 1 month 6 days  
Highwoods Properties, Inc. [Member] | Time-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted (in shares)     144,112  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 29.31  
Highwoods Properties, Inc. [Member] | Total Return-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted (in shares)     117,568  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 30.42  
v3.25.3
Real Estate and Other Assets Held For Sale (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Real Estate and Other Assets Held For Sale [Abstract]    
Land $ 0 $ 6,232
Buildings and tenant improvements 0 98,081
Land held for development 10,239 0
Less-accumulated depreciation 0 (58,511)
Net real estate assets 10,239 45,802
Accrued straight-line rents receivable 0 6,581
Deferred leasing costs, net 0 2,784
Prepaid expenses and other assets, net 251 242
Real estate and other assets, net, held for sale $ 10,490 $ 55,409
v3.25.3
Earnings Per Share and Per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Net (income) attributable to noncontrolling interests in the Operating Partnership (256) (297) (2,577) (2,111)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Dividends on Preferred Stock (576) (622) (1,783) (1,864)
Net income available for common stockholders $ 12,877 $ 14,558 $ 128,596 $ 103,492
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 108,403 106,010 107,973 105,937
Earnings per Common Share - basic:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Dividends on Preferred Stock (576) (622) (1,783) (1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 13,133 $ 14,855 $ 131,173 $ 105,603
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 108,403 106,010 107,973 105,937
Noncontrolling interests Common Units (in shares) 2,119 2,151 2,140 2,152
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) 110,522 108,161 110,113 108,089
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.12 $ 0.14 $ 1.19 $ 0.98
Highwoods Realty Limited Partnership [Member]        
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Distributions on Preferred Units (576) (622) (1,783) (1,864)
Net income available for common unitholders $ 13,133 $ 14,855 $ 131,173 $ 105,603
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 110,113 107,752 109,704 107,680
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.12 $ 0.14 $ 1.20 $ 0.98
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 13,707 $ 15,469 $ 132,928 $ 107,452
Net loss attributable to noncontrolling interests in consolidated affiliates 2 8 28 15
Distributions on Preferred Units (576) (622) (1,783) (1,864)
Net income available for common unitholders $ 13,133 $ 14,855 $ 131,173 $ 105,603
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 110,113 107,752 109,704 107,680
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.12 $ 0.14 $ 1.20 $ 0.98
v3.25.3
Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Total rental and other revenues $ 201,773 $ 204,323 $ 602,756 $ 620,336
Total rental property and other expenses 65,923 65,706 194,612 200,700
Total net operating income 135,850 138,617 408,144 419,636
Reconciliation to net income:        
Depreciation and amortization (73,898) (79,116) (219,982) (226,532)
Impairments of real estate assets (8,800) 0 (8,800) 0
General and administrative (8,995) (9,898) (31,771) (31,754)
Interest expense (38,475) (37,472) (112,782) (109,928)
Other income 1,753 1,872 8,007 10,559
Gains on disposition of property 5,674 350 87,889 42,581
Equity in earnings of unconsolidated affiliates 598 1,116 2,223 2,890
Net income 13,707 15,469 132,928 107,452
Total Reportable Segment [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 189,537 189,711 565,124 576,767
Total rental property and other expenses 60,098 59,234 178,612 181,463
Total net operating income 129,439 130,477 386,512 395,304
Atlanta, GA [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 36,935 36,742 108,828 109,799
Total rental property and other expenses 15,041 14,474 42,876 41,849
Total net operating income 21,894 22,268 65,952 67,950
Charlotte, NC [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 23,342 22,010 67,308 65,991
Total rental property and other expenses 6,410 6,074 18,254 18,017
Total net operating income 16,932 15,936 49,054 47,974
Nashville, TN [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 38,728 40,903 117,925 126,458
Total rental property and other expenses 11,009 10,246 33,383 34,010
Total net operating income 27,719 30,657 84,542 92,448
Orlando, FL [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 13,867 14,312 42,707 43,892
Total rental property and other expenses 4,757 5,462 15,794 17,052
Total net operating income 9,110 8,850 26,913 26,840
Raleigh, NC [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 45,779 43,042 135,088 130,848
Total rental property and other expenses 11,357 11,350 34,718 35,311
Total net operating income 34,422 31,692 100,370 95,537
Richmond, VA [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 8,935 8,754 27,431 26,816
Total rental property and other expenses 3,048 2,989 8,656 8,392
Total net operating income 5,887 5,765 18,775 18,424
Tampa, FL [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 21,951 23,948 65,837 72,963
Total rental property and other expenses 8,476 8,639 24,931 26,832
Total net operating income 13,475 15,309 40,906 46,131
Other Segment [Member]        
Segment Reporting Information [Line Items]        
Total rental and other revenues 12,236 14,612 37,632 43,569
Total rental property and other expenses 5,825 6,472 16,000 19,237
Total net operating income $ 6,411 $ 8,140 $ 21,632 $ 24,332
v3.25.3
Subsequent Events (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 23, 2025
Oct. 21, 2025
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Subsequent Event [Line Items]              
Gains on disposition of property     $ 5,674   $ 350 $ 87,889 $ 42,581
2025 Dispositions [Member]              
Subsequent Event [Line Items]              
Sales price of real estate     16,000 $ 146,300      
Gains on disposition of property     $ 5,700 $ 82,200      
Highwoods Properties, Inc. [Member]              
Subsequent Event [Line Items]              
Dividends declared per share of Common Stock (in dollars per share)     $ 0.50   $ 0.50 $ 1.50 $ 1.50
Subsequent Event [Member] | 2025 Dispositions [Member]              
Subsequent Event [Line Items]              
Sales price of real estate   $ 7,100          
Gains on disposition of property   $ 2,200          
Subsequent Event [Member] | Highwoods Properties, Inc. [Member]              
Subsequent Event [Line Items]              
Dividends declared per share of Common Stock (in dollars per share) $ 0.50