HIGHWOODS PROPERTIES, INC., 10-Q filed on 10/27/2026
Quarterly Report
v3.26.3
Cover Page - shares
9 Months Ended
Sep. 30, 2026
Oct. 20, 2026
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2026  
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, $.01 par value, of Highwoods Properties, Inc.  
Trading Symbol HIW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   110,315,322
Entity Central Index Key 0000921082  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Highwoods Realty Limited Partnership [Member]    
Entity Information [Line Items]    
Entity Registrant Name HIGHWOODS REALTY LIMITED PARTNERSHIP  
Entity Incorporation, State or Country Code NC  
Entity File Number 000-21731  
Entity Tax Identification Number 56-1869557  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000941713  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.26.3
HPI - Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate assets, at cost:    
Land $ 598,043 $ 609,177
Buildings and tenant improvements 6,205,052 6,144,697
Development in-process 0 6,248
Land held for development 201,723 214,149
Total real estate assets 7,004,818 6,974,271
Less-accumulated depreciation (1,924,818) (1,902,276)
Net real estate assets 5,080,000 5,071,995
Real estate and other assets, net, held for sale 21,697 23,201
Cash and cash equivalents 279,205 27,358
Restricted cash 19,480 15,691
Accounts receivable 22,497 28,263
Mortgages and notes receivable 12,227 12,228
Accrued straight-line rents receivable 312,772 318,024
Investments in and advances to unconsolidated affiliates 354,368 471,580
Deferred leasing costs, net of accumulated amortization of $179,599 and $169,972, respectively 280,906 244,258
Prepaid expenses and other assets, net of accumulated depreciation of $28,648 and $25,144, respectively 64,063 61,240
Total Assets 6,447,215 6,273,838
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:    
Mortgages and notes payable, net 3,511,810 3,554,178
Accounts payable, accrued expenses and other liabilities 310,426 284,006
Total Liabilities 3,822,236 3,838,184
Commitments and contingencies
Noncontrolling interests in the Operating Partnership 58,541 52,777
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), 26,631 and 26,691 shares issued and outstanding, respectively 26,631 26,691
Common Stock, $.01 par value, 200,000,000 authorized shares; 110,315,322 and 109,905,241 shares issued and outstanding, respectively 1,103 1,099
Additional paid-in capital 3,224,586 3,223,767
Distributions in excess of net income available for common stockholders (878,764) (870,083)
Accumulated other comprehensive loss (1,641) (2,494)
Total Stockholders’ Equity 2,371,915 2,378,980
Noncontrolling interests in consolidated affiliates 194,523 3,897
Total Equity/Capital 2,566,438 2,382,877
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,447,215 $ 6,273,838
v3.26.3
HPI - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Deferred leasing costs, accumulated amortization $ 179,599 $ 169,972
Prepaid expenses and other assets, accumulated depreciation $ 28,648 $ 25,144
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%  
Series A Preferred Stock, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Stock, shares issued (in shares) 26,631 26,691
Series A Preferred Stock, shares outstanding (in shares) 26,631 26,691
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) 110,315,322 109,905,241
Common Stock, shares outstanding (in shares) 110,315,322 109,905,241
v3.26.3
HRLP - Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate assets, at cost:    
Land $ 598,043 $ 609,177
Buildings and tenant improvements 6,205,052 6,144,697
Development in-process 0 6,248
Land held for development 201,723 214,149
Total real estate assets 7,004,818 6,974,271
Less-accumulated depreciation (1,924,818) (1,902,276)
Net real estate assets 5,080,000 5,071,995
Real estate and other assets, net, held for sale 21,697 23,201
Cash and cash equivalents 279,205 27,358
Restricted cash 19,480 15,691
Accounts receivable 22,497 28,263
Mortgages and notes receivable 12,227 12,228
Accrued straight-line rents receivable 312,772 318,024
Investments in and advances to unconsolidated affiliates 354,368 471,580
Deferred leasing costs, net of accumulated amortization of $179,599 and $169,972, respectively 280,906 244,258
Prepaid expenses and other assets, net of accumulated depreciation of $28,648 and $25,144, respectively 64,063 61,240
Total Assets 6,447,215 6,273,838
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,511,810 3,554,178
Accounts payable, accrued expenses and other liabilities 310,426 284,006
Total Liabilities 3,822,236 3,838,184
Commitments and contingencies
Capital:    
Accumulated other comprehensive loss (1,641) (2,494)
Noncontrolling interests in consolidated affiliates 194,523 3,897
Total Equity/Capital 2,566,438 2,382,877
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital 6,447,215 6,273,838
Highwoods Realty Limited Partnership [Member]    
Real estate assets, at cost:    
Land 598,043 609,177
Buildings and tenant improvements 6,205,052 6,144,697
Development in-process 0 6,248
Land held for development 201,723 214,149
Total real estate assets 7,004,818 6,974,271
Less-accumulated depreciation (1,924,818) (1,902,276)
Net real estate assets 5,080,000 5,071,995
Real estate and other assets, net, held for sale 21,697 23,201
Cash and cash equivalents 279,205 27,358
Restricted cash 19,480 15,691
Accounts receivable 22,497 28,263
Mortgages and notes receivable 12,227 12,228
Accrued straight-line rents receivable 312,772 318,024
Investments in and advances to unconsolidated affiliates 354,368 471,580
Deferred leasing costs, net of accumulated amortization of $179,599 and $169,972, respectively 280,906 244,258
Prepaid expenses and other assets, net of accumulated depreciation of $28,648 and $25,144, respectively 64,063 61,240
Total Assets 6,447,215 6,273,838
Liabilities, Redeemable Operating Partnership Units and Capital:    
Mortgages and notes payable, net 3,511,810 3,554,178
Accounts payable, accrued expenses and other liabilities 310,426 284,006
Total Liabilities 3,822,236 3,838,184
Commitments and contingencies
Redeemable Operating Partnership Units:    
Common Units, 2,017,248 and 2,044,053 outstanding, respectively 58,541 52,777
Series A Preferred Units (liquidation preference $1,000 per unit), 26,631 and 26,691 units issued and outstanding, respectively 26,631 26,691
Total Redeemable Operating Partnership Units 85,172 79,468
Capital:    
General partner Common Units, 1,119,238 and 1,115,405 outstanding, respectively 23,468 23,547
Limited partner Common Units, 108,787,275 and 108,381,027 outstanding, respectively 2,323,457 2,331,236
Accumulated other comprehensive loss (1,641) (2,494)
Noncontrolling interests in consolidated affiliates 194,523 3,897
Total Equity/Capital 2,539,807 2,356,186
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital $ 6,447,215 $ 6,273,838
v3.26.3
HRLP - Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Deferred leasing costs, accumulated amortization $ 179,599 $ 169,972
Prepaid expenses and other assets, accumulated depreciation 28,648 25,144
Highwoods Realty Limited Partnership [Member]    
Assets:    
Deferred leasing costs, accumulated amortization 179,599 169,972
Prepaid expenses and other assets, accumulated depreciation $ 28,648 $ 25,144
Redeemable Operating Partnership Units: [Abstract]    
Redeemable Common Units outstanding (in shares) 2,017,248 2,044,053
Series A Preferred Units, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Series A Preferred Units, issued (in shares) 26,631 26,691
Series A Preferred Units, outstanding (in shares) 26,631 26,691
Common Units: [Abstract]    
General partners' capital account, units outstanding (in shares) 1,119,238 1,115,405
Limited partners' capital account, units outstanding (in shares) 108,787,275 108,381,027
v3.26.3
HPI - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Rental and other revenues $ 218,183 $ 201,773 $ 648,596 $ 602,756
Operating expenses:        
Rental property and other expenses 71,612 65,923 212,885 194,612
Depreciation and amortization 79,477 73,898 236,068 219,982
Impairments of real estate assets 0 8,800 0 8,800
General and administrative 9,850 8,995 33,181 31,771
Total operating expenses 160,939 157,616 482,134 455,165
Interest expense 40,608 38,475 123,998 112,782
Other income 3,092 1,753 8,828 8,007
Gains on disposition of property 13,582 5,674 109,569 87,889
Equity in earnings of unconsolidated affiliates 768 598 3,339 2,223
Net income 34,078 13,707 164,200 132,928
Net (income) attributable to noncontrolling interests in the Operating Partnership (583) (256) (2,878) (2,577)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Dividends on Preferred Stock (574) (576) (1,722) (1,783)
Net income available for common stockholders $ 31,750 $ 12,877 $ 156,587 $ 128,596
Earnings per Common Share – basic:        
Net income available for common stockholders (in dollars per share) $ 0.29 $ 0.12 $ 1.42 $ 1.19
Weighted average Common Shares outstanding - basic (in shares) 110,306 108,403 110,211 107,973
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.29 $ 0.12 $ 1.42 $ 1.19
Weighted average Common Shares outstanding - diluted (in shares) 112,323 110,522 112,230 110,113
v3.26.3
HRLP - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Rental and other revenues $ 218,183 $ 201,773 $ 648,596 $ 602,756
Operating expenses:        
Rental property and other expenses 71,612 65,923 212,885 194,612
Depreciation and amortization 79,477 73,898 236,068 219,982
Impairments of real estate assets 0 8,800 0 8,800
General and administrative 9,850 8,995 33,181 31,771
Total operating expenses 160,939 157,616 482,134 455,165
Interest expense 40,608 38,475 123,998 112,782
Other income 3,092 1,753 8,828 8,007
Gains on disposition of property 13,582 5,674 109,569 87,889
Equity in earnings of unconsolidated affiliates 768 598 3,339 2,223
Net income 34,078 13,707 164,200 132,928
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Highwoods Realty Limited Partnership [Member]        
Rental and other revenues 218,183 201,773 648,596 602,756
Operating expenses:        
Rental property and other expenses 71,612 65,923 212,885 194,612
Depreciation and amortization 79,477 73,898 236,068 219,982
Impairments of real estate assets 0 8,800 0 8,800
General and administrative 9,850 8,995 33,181 31,771
Total operating expenses 160,939 157,616 482,134 455,165
Interest expense 40,608 38,475 123,998 112,782
Other income 3,092 1,753 8,828 8,007
Gains on disposition of property 13,582 5,674 109,569 87,889
Equity in earnings of unconsolidated affiliates 768 598 3,339 2,223
Net income 34,078 13,707 164,200 132,928
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Distributions on Preferred Units (574) (576) (1,722) (1,783)
Net income available for common unitholders $ 32,333 $ 13,133 $ 159,465 $ 131,173
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.29 $ 0.12 $ 1.43 $ 1.20
Weighted average Common Units outstanding - basic (in shares) 111,914 110,113 111,821 109,704
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.29 $ 0.12 $ 1.43 $ 1.20
Weighted average Common Units outstanding - diluted (in shares) 111,914 110,113 111,821 109,704
v3.26.3
HPI - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Comprehensive income:        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Other comprehensive income/(loss):        
Our share of other comprehensive income in unconsolidated affiliates 1,008 0 1,008 0
Amortization of cash flow hedges (24) (62) (155) (186)
Total other comprehensive income/(loss) 984 (62) 853 (186)
Total comprehensive income 35,062 13,645 165,053 132,742
Less-comprehensive income attributable to noncontrolling interests (1,754) (254) (5,891) (2,549)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 33,308 $ 13,391 $ 159,162 $ 130,193
v3.26.3
HRLP - Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Comprehensive income:        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Other comprehensive income/(loss):        
Our share of other comprehensive income in unconsolidated affiliates 1,008 0 1,008 0
Amortization of cash flow hedges (24) (62) (155) (186)
Other comprehensive income/(loss) 984 (62) 853 (186)
Total comprehensive income 35,062 13,645 165,053 132,742
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,754) (254) (5,891) (2,549)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders 33,308 13,391 159,162 130,193
Highwoods Realty Limited Partnership [Member]        
Comprehensive income:        
Net income 34,078 13,707 164,200 132,928
Other comprehensive income/(loss):        
Our share of other comprehensive income in unconsolidated affiliates 1,008 0 1,008 0
Amortization of cash flow hedges (24) (62) (155) (186)
Other comprehensive income/(loss) 984 (62) 853 (186)
Total comprehensive income 35,062 13,645 165,053 132,742
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders $ 33,891 $ 13,647 $ 162,040 $ 132,770
v3.26.3
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, 2024             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 (income)/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 income/(loss) (186) (186)     (186)         (186)    
Total comprehensive income 132,742 132,742                    
Balance (in shares) at Sep. 30, 2025             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 (income)/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 income/(loss) (62) (62)     (62)         (62)    
Total comprehensive income 13,645 13,645                    
Balance (in shares) at Sep. 30, 2025             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 Dec. 31, 2025 109,905,241           109,905,241          
Balance at Dec. 31, 2025 $ 2,382,877 2,356,186 23,547 2,331,236 (2,494) 3,897 $ 1,099 26,691 3,223,767 (2,494) 3,897 (870,083)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             (47,487)          
Issuances of Common Stock, net of issuance costs and tax withholdings (1,590)           $ 0   (1,590)      
Conversions of Common Units to Common Stock - Shares             25,855          
Conversions of Common Units to Common Stock 700               700      
Dividends on Common Stock (165,268)                     (165,268)
Dividends on Preferred Stock (1,722)                     (1,722)
Adjustment of noncontrolling interests in the Operating Partnership to fair value (6,635)               (6,635)      
Distributions to noncontrolling interests in consolidated affiliates (9,589) (9,589)       (9,589)         (9,589)  
Contributions from noncontrolling interests in consolidate affiliates 197,202 197,202       197,202         197,202  
Issuances of restricted stock - shares             432,254          
Issuances of restricted stock 0                      
Redemptions/repurchases of Preferred Stock (60)             (60)        
Share-based compensation expense, net of forfeitures (in shares)             (541)          
Share-based compensation expense, net of forfeitures, value             $ 4          
Share-based compensation expense, net of forfeitures 8,348 8,348 83 8,265         8,344      
Net (income) attributable to noncontrolling interests in the Operating Partnership (2,878)                     (2,878)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0 0 (30) (2,983)   3,013         3,013 (3,013)
Comprehensive income:                        
Net income 164,200 164,200 1,642 162,558               164,200
Other comprehensive income/(loss) 853 853     853         853    
Total comprehensive income $ 165,053 165,053                    
Balance (in shares) at Sep. 30, 2026 110,315,322           110,315,322          
Balance at Sep. 30, 2026 $ 2,566,438 2,539,807 23,468 2,323,457 (1,641) 194,523 $ 1,103 26,631 3,224,586 (1,641) 194,523 (878,764)
Balance (in shares) at Jun. 30, 2026             110,306,211          
Balance at Jun. 30, 2026 2,589,490 2,562,859 23,674 2,343,760 (2,625) 198,050 $ 1,103 26,631 3,221,689 (2,625) 198,050 (855,358)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuances of Common Stock, net of issuance costs and tax withholdings - shares             9,652          
Issuances of Common Stock, net of issuance costs and tax withholdings 75           $ 0   75      
Dividends on Common Stock (55,156)                     (55,156)
Dividends on Preferred Stock (574)                     (574)
Adjustment of noncontrolling interests in the Operating Partnership to fair value 1,874               1,874      
Distributions to noncontrolling interests in consolidated affiliates (4,698) (4,698)       (4,698)         (4,698)  
Share-based compensation expense, net of forfeitures (in shares)             (541)          
Share-based compensation expense, net of forfeitures, value             $ 0          
Share-based compensation expense, net of forfeitures 948 948 9 939         948      
Net (income) attributable to noncontrolling interests in the Operating Partnership (583)                     (583)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0 0 (12) (1,159)   1,171         1,171 (1,171)
Comprehensive income:                        
Net income 34,078 34,078 341 33,737               34,078
Other comprehensive income/(loss) 984 984     984         984    
Total comprehensive income $ 35,062 35,062                    
Balance (in shares) at Sep. 30, 2026 110,315,322           110,315,322          
Balance at Sep. 30, 2026 $ 2,566,438 $ 2,539,807 $ 23,468 $ 2,323,457 $ (1,641) $ 194,523 $ 1,103 $ 26,631 $ 3,224,586 $ (1,641) $ 194,523 $ (878,764)
v3.26.3
HPI - Consolidated Statements of Equity (Parentheticals) - Highwoods Properties, Inc. [Member] - $ / shares
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
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
v3.26.3
HRLP - Consolidated Statements of Capital - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance $ 2,589,490 $ 2,376,238 $ 2,382,877 $ 2,365,454
Share-based compensation expense, net of forfeitures 948 1,169 8,348 7,446
Distributions to noncontrolling interests in consolidated affiliates (4,698) (80) (9,589) (240)
Contributions from noncontrolling interests in consolidate affiliates     197,202  
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0 0 0 0
Comprehensive income:        
Net income 34,078 13,707 164,200 132,928
Other comprehensive income/(loss) 984 (62) 853 (186)
Total comprehensive income 35,062 13,645 165,053 132,742
Balance 2,566,438 2,385,839 2,566,438 2,385,839
Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,562,859 2,349,522 2,356,186 2,336,643
Issuances of Common Units, net of issuance costs and tax withholdings 75 48,748 (1,590) 48,606
Redemption of Common Units     (24) (10)
Distributions on Common Units (55,959) (54,911) (167,679) (164,391)
Distributions on Preferred Units (574) (576) (1,722) (1,783)
Share-based compensation expense, net of forfeitures 948 1,169 8,348 7,446
Distributions to noncontrolling interests in consolidated affiliates (4,698) (80) (9,589) (240)
Contributions from noncontrolling interests in consolidate affiliates     197,202  
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 2,094 1,631 (6,378) 135
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 0   0 0
Comprehensive income:        
Net income 34,078 13,707 164,200 132,928
Other comprehensive income/(loss) 984 (62) 853 (186)
Total comprehensive income 35,062 13,645 165,053 132,742
Balance 2,539,807 2,359,148 2,539,807 2,359,148
General Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 23,674 23,477 23,547 23,345
Issuances of Common Units, net of issuance costs and tax withholdings 1 487 (16) 486
Redemption of Common Units     0 0
Distributions on Common Units (560) (549) (1,677) (1,644)
Distributions on Preferred Units (6) (6) (17) (18)
Share-based compensation expense, net of forfeitures 9 11 83 74
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 21 16 (64) 1
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (12) 0 (30) 0
Comprehensive income:        
Net income 341 137 1,642 1,329
Balance 23,468 23,573 23,468 23,573
Limited Partners' Common Units [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 2,343,760 2,324,310 2,331,236 2,311,253
Issuances of Common Units, net of issuance costs and tax withholdings 74 48,261 (1,574) 48,120
Redemption of Common Units     (24) (10)
Distributions on Common Units (55,399) (54,362) (166,002) (162,747)
Distributions on Preferred Units (568) (570) (1,705) (1,765)
Share-based compensation expense, net of forfeitures 939 1,158 8,265 7,372
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner 2,073 1,615 (6,314) 134
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,159) 2 (2,983) 28
Comprehensive income:        
Net income 33,737 13,570 162,558 131,599
Balance 2,323,457 2,333,984 2,323,457 2,333,984
Accumulated Other Comprehensive Income (Loss) [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance (2,625) (2,370) (2,494) (2,246)
Comprehensive income:        
Other comprehensive income/(loss) 984 (62) 853 (186)
Balance (1,641) (2,432) (1,641) (2,432)
Noncontrolling Interests in Consolidated Affiliates [Member] | Highwoods Realty Limited Partnership [Member]        
Increase (Decrease) in Partners' Capital [Roll Forward]        
Balance 198,050 4,105 3,897 4,291
Distributions to noncontrolling interests in consolidated affiliates (4,698) (80) (9,589) (240)
Contributions from noncontrolling interests in consolidate affiliates     197,202  
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates 1,171 (2) 3,013 (28)
Comprehensive income:        
Balance $ 194,523 $ 4,023 $ 194,523 $ 4,023
v3.26.3
HRLP - Consolidated Statements of Capital (Parentheticals) - Highwoods Realty Limited Partnership [Member] - $ / shares
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
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
v3.26.3
HPI - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 164,200 $ 132,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 236,068 219,982
Amortization of lease incentives and acquisition-related intangible assets and liabilities 2,442 1,791
Share-based compensation expense 8,348 7,446
Net credit losses on operating lease receivables 2,019 (776)
Accrued interest on mortgages and notes receivable 1,898 (877)
Amortization of debt issuance costs 4,712 4,276
Amortization of cash flow hedges (155) (186)
Amortization of mortgages and notes payable fair value adjustments 259 84
Impairments of real estate assets 0 8,800
Losses on debt extinguishment 58 144
Net gains on disposition of property (109,569) (87,889)
Equity in earnings of unconsolidated affiliates (3,339) (2,223)
Distributions of earnings from unconsolidated affiliates 5,038 5,277
Changes in operating assets and liabilities:    
Accounts receivable (586) 621
Prepaid expenses and other assets (816) (1,102)
Accrued straight-line rents receivable (26,936) (9,510)
Accounts payable, accrued expenses and other liabilities (3,785) (19,263)
Net cash provided by operating activities 279,856 259,523
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (309,838) (248,017)
Investments in development in-process (8,882) (1,967)
Investments in tenant improvements and deferred leasing costs (132,494) (110,065)
Investments in building improvements (39,160) (30,760)
Net proceeds from disposition of real estate assets 380,269 153,586
Distributions of capital from unconsolidated affiliates 152,845 6,288
Investments in mortgages and notes receivable 0 (1,577)
Repayments of mortgages and notes receivable 0 6,350
Investments in and advances to unconsolidated affiliates (34,426) (21,576)
Changes in earnest money deposits 0 10,000
Changes in other investing activities (2,800) (1,616)
Net cash provided by/(used in) investing activities 5,514 (239,354)
Financing activities:    
Dividends on Common Stock (165,268) (161,778)
Redemptions/repurchases of Preferred Stock (60) (2,120)
Redemptions of Common Units (24) (10)
Dividends on Preferred Stock (1,722) (1,783)
Distributions to noncontrolling interests in the Operating Partnership (3,025) (3,227)
Distributions to noncontrolling interest in consolidated affiliates (9,589) (240)
Contributions from noncontrolling interests in consolidated affiliates 197,202 0
Proceeds from the issuance of Common Stock 934 51,819
Costs paid for the issuance of Common Stock (659) (1,204)
Repurchase of shares related to tax withholdings (1,865) (2,009)
Borrowings on revolving credit facility 203,000 390,000
Repayments of revolving credit facility (228,000) (274,000)
Borrowings on mortgages and notes payable 20,000 31,600
Repayments of mortgages and notes payable (39,279) (37,157)
Payments for debt issuance costs and other financing activities (1,379) (1,994)
Net cash used in financing activities (29,734) (12,103)
Net increase in cash and cash equivalents and restricted cash 255,636 8,066
Cash and cash equivalents and restricted cash at beginning of the period 43,049 33,677
Cash and cash equivalents and restricted cash at end of the period 298,685 41,743
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 279,205 26,262
Restricted cash at end of the period 19,480 15,481
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 133,255 123,314
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges 1,008 0
Conversions of Common Units to Common Stock 700 3,329
Changes in accrued capital expenditures [1] 29,289 (2,105)
Write-off of fully depreciated real estate assets 60,293 71,956
Write-off of fully amortized leasing costs 22,951 35,962
Write-off of fully amortized debt issuance costs 1,124 1,388
Adjustment of noncontrolling interests in the Operating Partnership to fair value 6,635 3,240
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 74,300 $ 50,800
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2026 and 2025 were $74.3 million and $50.8 million, respectively.
v3.26.3
HRLP - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 164,200 $ 132,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 236,068 219,982
Amortization of lease incentives and acquisition-related intangible assets and liabilities 2,442 1,791
Share-based compensation expense 8,348 7,446
Net credit losses on operating lease receivables 2,019 (776)
Accrued interest on mortgages and notes receivable 1,898 (877)
Amortization of debt issuance costs 4,712 4,276
Amortization of cash flow hedges (155) (186)
Amortization of mortgages and notes payable fair value adjustments 259 84
Impairments of real estate assets 0 8,800
Losses on debt extinguishment 58 144
Net gains on disposition of property (109,569) (87,889)
Equity in earnings of unconsolidated affiliates (3,339) (2,223)
Distributions of earnings from unconsolidated affiliates 5,038 5,277
Changes in operating assets and liabilities:    
Accounts receivable (586) 621
Prepaid expenses and other assets (816) (1,102)
Accrued straight-line rents receivable (26,936) (9,510)
Accounts payable, accrued expenses and other liabilities (3,785) (19,263)
Net cash provided by operating activities 279,856 259,523
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (309,838) (248,017)
Investments in development in-process (8,882) (1,967)
Investments in tenant improvements and deferred leasing costs (132,494) (110,065)
Investments in building improvements (39,160) (30,760)
Net proceeds from disposition of real estate assets 380,269 153,586
Distributions of capital from unconsolidated affiliates 152,845 6,288
Investments in mortgages and notes receivable 0 (1,577)
Repayments of mortgages and notes receivable 0 6,350
Investments in and advances to unconsolidated affiliates (34,426) (21,576)
Changes in earnest money deposits 0 10,000
Changes in other investing activities (2,800) (1,616)
Net cash provided by/(used in) investing activities 5,514 (239,354)
Financing activities:    
Redemptions of Common Units (24) (10)
Distributions to noncontrolling interest in consolidated affiliates (9,589) (240)
Contributions from noncontrolling interests in consolidated affiliates 197,202 0
Borrowings on revolving credit facility 203,000 390,000
Repayments of revolving credit facility (228,000) (274,000)
Borrowings on mortgages and notes payable 20,000 31,600
Repayments of mortgages and notes payable (39,279) (37,157)
Payments for debt issuance costs and other financing activities (1,379) (1,994)
Net cash used in financing activities (29,734) (12,103)
Net increase in cash and cash equivalents and restricted cash 255,636 8,066
Cash and cash equivalents and restricted cash at beginning of the period 43,049 33,677
Cash and cash equivalents and restricted cash at end of the period 298,685 41,743
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 279,205 26,262
Restricted cash at end of the period 19,480 15,481
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 133,255 123,314
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges (1,008) 0
Changes in accrued capital expenditures [1] 29,289 (2,105)
Write-off of fully depreciated real estate assets 60,293 71,956
Write-off of fully amortized leasing costs 22,951 35,962
Write-off of fully amortized debt issuance costs 1,124 1,388
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 74,300 50,800
Highwoods Realty Limited Partnership [Member]    
Operating activities:    
Net income 164,200 132,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 236,068 219,982
Amortization of lease incentives and acquisition-related intangible assets and liabilities 2,442 1,791
Share-based compensation expense 8,348 7,446
Net credit losses on operating lease receivables 2,019 (776)
Accrued interest on mortgages and notes receivable 1,898 (877)
Amortization of debt issuance costs 4,712 4,276
Amortization of cash flow hedges (155) (186)
Amortization of mortgages and notes payable fair value adjustments 259 84
Impairments of real estate assets 0 8,800
Losses on debt extinguishment 58 144
Net gains on disposition of property (109,569) (87,889)
Equity in earnings of unconsolidated affiliates (3,339) (2,223)
Distributions of earnings from unconsolidated affiliates 5,038 5,277
Changes in operating assets and liabilities:    
Accounts receivable (586) 621
Prepaid expenses and other assets (816) (1,102)
Accrued straight-line rents receivable (26,936) (9,510)
Accounts payable, accrued expenses and other liabilities (3,785) (19,263)
Net cash provided by operating activities 279,856 259,523
Investing activities:    
Investments in acquired real estate and related intangible assets, net of cash acquired (309,838) (248,017)
Investments in development in-process (8,882) (1,967)
Investments in tenant improvements and deferred leasing costs (132,494) (110,065)
Investments in building improvements (39,160) (30,760)
Net proceeds from disposition of real estate assets 380,269 153,586
Distributions of capital from unconsolidated affiliates 152,845 6,288
Investments in mortgages and notes receivable 0 (1,577)
Repayments of mortgages and notes receivable 0 6,350
Investments in and advances to unconsolidated affiliates (34,426) (21,576)
Changes in earnest money deposits 0 10,000
Changes in other investing activities (2,800) (1,616)
Net cash provided by/(used in) investing activities 5,514 (239,354)
Financing activities:    
Distributions on Common Units (167,679) (164,391)
Redemptions/repurchases of Preferred Units (60) (2,120)
Redemptions of Common Units (24) (10)
Distributions on Preferred Units (1,722) (1,783)
Distributions to noncontrolling interest in consolidated affiliates (9,589) (240)
Contributions from noncontrolling interests in consolidated affiliates 197,202 0
Proceeds from the issuance of Common Units 934 51,819
Costs paid for the issuance of Common Units (659) (1,204)
Repurchase of units related to tax withholdings (1,865) (2,009)
Borrowings on revolving credit facility 203,000 390,000
Repayments of revolving credit facility (228,000) (274,000)
Borrowings on mortgages and notes payable 20,000 31,600
Repayments of mortgages and notes payable (39,279) (37,157)
Payments for debt issuance costs and other financing activities (1,993) (2,608)
Net cash used in financing activities (29,734) (12,103)
Net increase in cash and cash equivalents and restricted cash 255,636 8,066
Cash and cash equivalents and restricted cash at beginning of the period 43,049 33,677
Cash and cash equivalents and restricted cash at end of the period 298,685 41,743
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents at end of the period 279,205 26,262
Restricted cash at end of the period 19,480 15,481
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 133,255 123,314
Supplemental disclosure of non-cash investing and financing activities:    
Unrealized losses on cash flow hedges 1,008 0
Changes in accrued capital expenditures [1] 29,289 (2,105)
Write-off of fully depreciated real estate assets 60,293 71,956
Write-off of fully amortized leasing costs 22,951 35,962
Write-off of fully amortized debt issuance costs 1,124 1,388
Adjustment of Redeemable Common Units to fair value 5,764 (749)
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 74,300 $ 50,800
[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2026 and 2025 were $74.3 million and $50.8 million, respectively.
v3.26.3
Description of Business and Significant Accounting Policies
9 Months Ended
Sep. 30, 2026
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, 2026, we owned or had an interest in 26.9 million rentable square feet of in-service properties, 0.6 million rentable square feet of office properties under development and development land with approximately 3.5 million rentable square feet of potential office build out.

Capital Structure

The Company is the sole general partner of the Operating Partnership. As of September 30, 2026, the Company owned all of the Preferred Units and 109.9 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, 2026, the Company redeemed 25,855 Common Units for a like number of shares of Common Stock and 950 Common Units for cash.

During the first quarter of 2026, we entered into separate equity distribution agreements pursuant to which the Company may offer and sell up to $300.0 million in aggregate gross sales price of shares of Common Stock, including on a forward basis. During each of the three and nine months ended September 30, 2026, the Company issued no shares of Common Stock under its equity distribution agreements, except for the shares sold and settled on a forward basis, if any, as discussed below.

The following table summarizes the activity for shares sold and settled on a forward basis under the equity distribution agreements:

Forward Sale AgreementsSharesGross SalesWeighted Average Gross Sales Price Per ShareWeighted Average Net Sales Price Per Share
Sales Commissions Per Share (1)
Net Proceeds Received Per Share
Outstanding as of June 30, 2026— $— 
New forward sale agreements1,056,085 34,053 $32.24 $31.76 $0.48 
Forward sale agreements settled— — — — — $— 
Outstanding as of September 30, 20261,056,085 $34,053 
__________
(1)Upon a forward sale, the equity distribution agent typically earns a commission of 1.5% of the gross sales price.

The Company initially does not receive any proceeds from the sales of shares on a forward basis. We may settle the applicable forward sale agreements on one or more dates prior to the respective scheduled maturity dates, at which point the Company would receive the proceeds net of certain costs; provided, however, generally we may elect to cash settle or net share settle such forward sale agreements at any time through the respective scheduled maturity dates, which is typically one year from the respective trade dates. We determined that the forward sale agreements meet the criteria for equity classification and, therefore, are exempt from derivative accounting. We have evaluated the impact of forward sale agreements on diluted weighted average common shares outstanding using the treasury stock method. For the three and nine months ended September 30, 2026, there was no impact to diluted weighted average common shares outstanding related to the outstanding forward sale agreements.

During the second quarter of 2026, the Company’s Board of Directors authorized the repurchase of up to $250.0 million of outstanding shares of Common Stock under a new stock repurchase program. We anticipate funding any stock repurchases with
proceeds from non-core asset sales, available cash and borrowings under our revolving credit facility. The Company may purchase shares of Common Stock from time to time in amounts and at prices determined by the Company in its discretion. Shares of Common Stock may be repurchased in the open market or in privately negotiated transactions, which may include block trades. If and when the Company repurchases Common Stock under this program, the Operating Partnership will repurchase an equal number of Common Units from the Company. The timing, manner, price and actual number of shares repurchased will be subject to a variety of factors, including price, market conditions, corporate and regulatory requirements, applicable SEC rules and other liquidity requirements and priorities. The Common Stock repurchase program does not have an expiration date, does not obligate the Company to repurchase any dollar amount or number of shares and may be suspended, modified or discontinued at any time without prior notice. During each of the three and nine months ended September 30, 2026, the Company repurchased no shares of Common Stock under its stock repurchase program.

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, 2026, we are involved with four joint ventures that we determine to be variable interest entities, three of which we are the primary beneficiary and are consolidated and one of which we are not the primary beneficiary and is not consolidated. In addition, during 2025, we acquired a building using a special purpose entity owned by a qualified intermediary to facilitate a potential Section 1031 reverse exchange under the Internal Revenue Code. To realize the tax deferral available under the Section 1031 exchange, we were required to complete the Section 1031 exchange, and take title to the to-be-exchanged building within 180 days of the acquisition date. We completed the exchange by acquiring 100% of the special purpose entity during the second quarter of 2026.

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 2025 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, 2026, a reserve of $0.5 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 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.
v3.26.3
Leases
9 Months Ended
Sep. 30, 2026
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 $213.3 million and $228.6 million during the three months ended September 30, 2026 and 2025, respectively, and $634.6 million and $590.5 million during the nine months ended September 30, 2026 and 2025, respectively. Included in these amounts were variable lease payments of $18.9 million and $16.6 million during the three months ended September 30, 2026 and 2025, respectively, and $55.9 million and $50.2 million during the nine months ended September 30, 2026 and 2025, respectively.
v3.26.3
Investments in and Advances to Affiliates
9 Months Ended
Sep. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates Investments in and Advances to Affiliates
We have interests in various real estate joint ventures that are evaluated for consolidation under the variable interest entity (“VIE”) model or the voting interest model, depending on the facts and circumstances of each joint venture. For our unconsolidated affiliates that are evaluated under the VIE model, we determined that we hold variable interests, but we are not the primary beneficiary because we do not have the power to direct the activities that most significantly impact the entities’ economic performance. Accordingly, these entities are not consolidated. For our unconsolidated affiliates that are evaluated under the voting interest model, we determined through evaluation of our voting rights that control does not rest with us. Accordingly, these entities are not consolidated. For our consolidated affiliates that are evaluated under the VIE model, we determined that we hold variable interests, and we are the primary beneficiary because we have the power to direct the activities that most significantly impact the entities’ economic performance. Accordingly, these entities are consolidated.

Unconsolidated Affiliates

Our unconsolidated joint ventures are accounted for under the equity method of accounting because we have the ability to exercise significant influence over the operating and financial policies of the entities. Our maximum exposure to loss from our unconsolidated VIEs is generally limited to the carrying value of our investments and any loans or other advances we have provided to the joint ventures. The assets of these unconsolidated VIEs may be used only to settle their own obligations, and their creditors have no recourse to our wholly owned assets.

The following table summarizes our unconsolidated affiliates as of September 30, 2026:

Unconsolidated AffiliateLocationOwnership InterestVIE
(Y/N)
Carrying Value as of
September 30,
2026
Granite Park Six JV, LLC (1)
Dallas50.0%N$41,455 
GPI 23Springs JV, LLC (2)
Dallas50.0%N52,729 
M+O JV, LLCDallas50.0%N181,395 
Midtown East Tampa, LLC (3)
Tampa50.0%N12,890 
Brand/HRLP 2827 Peachtree LLC (4)
Atlanta50.0%Y61,604 
Plaza Colonnade, Tenant-in-CommonKansas City50.0%N4,295 
$354,368 
__________
(1)During the second quarter of 2026, Granite Park Six JV, LLC (“Granite Park Six joint venture”) obtained a secured loan for up to $100.0 million with a maturity date of April 2028 (but can be extended for one additional year at the joint venture’s option assuming no defaults have occurred). In connection with this loan, the Granite Park Six joint venture obtained an interest rate hedge contract that effectively fixed the overall interest rate at 5.9%. As of September 30, 2026, $87.2 million was drawn on this loan. The joint venture used the net proceeds from the secured loan to redeem the preferred equity that we contributed during the first quarter of 2026 and distributed the remainder equally to us and our partner, Granite Properties (“Granite”). As a result of these reconsideration events, the Granite Park Six
joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(2)To fund construction of our 23Springs development project, GPI 23Springs JV, LLC (“23Springs joint venture”) previously obtained a construction loan for up to $265.0 million with an interest rate of SOFR plus 355 basis points. This loan was scheduled to mature in March 2027. During the third quarter of 2026, the 23Springs joint venture modified this loan by converting it from a construction loan to a delayed draw secured loan, extending the maturity date to September 2029 (and can be extended for one additional year at the joint venture’s option assuming no defaults have occurred), lowering the borrowing spread to SOFR plus 230 basis points and increasing the borrowing capacity to $370.0 million. As of September 30, 2026, $325.6 million was outstanding on this loan. In connection with this modification, the 23Springs joint venture obtained interest rate hedge contracts that effectively cap the underlying SOFR rate at 5.0%. The incremental net proceeds were distributed equally to us and our partner, Granite. As a result of this reconsideration event, the 23Springs joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(3)During the third quarter of 2026, Midtown East Tampa, LLC (“Midtown East joint venture”) obtained a two-tranche secured mortgage loan from a third party lender. The first tranche consists of a $44.8 million secured loan that was used to repay the $43.8 million balance on a secured construction loan that we previously provided the joint venture. The second tranche consists of a $10.9 million non-revolving line of credit. As of September 30, 2026, $2.5 million was drawn on the line of credit. Both tranches bear interest at SOFR plus 205 basis points and are scheduled to mature in July 2036. In connection with this loan, the Midtown East joint venture obtained interest rate hedge contracts that effectively fix the weighted average rate of both tranches at 6.3%. As a result of this reconsideration event, the Midtown East joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(4)As of September 30, 2026, Brand/HRLP 2827 Peachtree LLC (“2827 Peachtree joint venture”) had $51.7 million outstanding under the loan we have provided to the joint venture.

Consolidated Affiliates

As of September 30, 2026, our consolidated VIEs consisted of the following: HRLP Bloc 83, L.P. (“Bloc 83 joint venture”) in Raleigh in which we own a 10.0% interest (but retain an option to increase our ownership interest to 50.0% in the future), Terraces JV, LLC (“Terraces joint venture”) in Dallas in which we own an 80.0% interest and HRLP MTW, LLC (“Midtown West joint venture”) in Tampa in which we own an 80.0% interest. The assets of these consolidated VIEs may be used only to settle their own obligations, and their creditors have no recourse to our wholly owned assets.

During the first quarter of 2026, we acquired Bloc83, a two-building, 492,000 square foot mixed-use asset in CBD Raleigh, through the formation of the Bloc 83 joint venture with the North Carolina Investment Authority (“NCIA”). The joint venture’s planned total investment of $210.5 million, which includes planned near-term building improvements and transaction costs, has been or will be funded with $21.0 million of common equity contributed by us and $189.5 million of common equity contributed by the NCIA. 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.

The following table sets forth the carrying value of the assets and liabilities of the Bloc 83 joint venture included on our Consolidated Balance Sheets:
September 30,
2026
Net real estate assets$171,702 
Cash and cash equivalents$8,096 
Restricted cash$5,158 
Accounts receivable$293 
Accrued straight-line rents receivable$771 
Deferred leasing costs, net$26,791 
Accounts payable, accrued expenses and other liabilities$9,961 

During the first quarter of 2026, we expanded our Dallas market presence by acquiring The Terraces, a 173,000 square foot office building in the Preston Center BBD of Dallas, through the formation of the Terraces joint venture with Granite. The joint venture’s planned total investment of $109.3 million, which includes planned near-term building improvements and transaction costs, has been or will be funded with $64.3 million of preferred equity contributed by us, $36.0 million of common equity contributed by us and $9.0 million of common equity contributed by Granite. The preferred equity contributed by us is entitled to receive monthly distributions from available cash at a rate of 5.75%. 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.
The following table sets forth the carrying value of the assets and liabilities of the Terraces joint venture included on our Consolidated Balance Sheets:
September 30,
2026
Net real estate assets$93,181 
Cash and cash equivalents$4,345 
Accounts receivable$298 
Accrued straight-line rents receivable$917 
Deferred leasing costs, net$12,531 
Accounts payable, accrued expenses and other liabilities$6,272 

The following table sets forth the carrying value of the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:

September 30,
2026
December 31,
2025
Net real estate assets$54,796 $56,299 
Cash and cash equivalents$2,046 $1,361 
Accounts receivable$46 $203 
Accrued straight-line rents receivable$5,103 $5,254 
Deferred leasing costs, net$1,949 $2,211 
Prepaid expenses and other assets, net$127 $124 
Mortgages and notes payable, net$43,837 $44,059 
Accounts payable, accrued expenses and other liabilities$1,612 $1,170 
v3.26.3
Real Estate Assets
9 Months Ended
Sep. 30, 2026
Real Estate [Abstract]  
Real Estate Assets Real Estate Assets
Dispositions

During the third quarter of 2026, we sold nine buildings in Richmond, Atlanta and Raleigh for an aggregate sales price of $85.2 million and recorded aggregate gains on disposition of property of $13.6 million.

During the second quarter of 2026, we sold a building in Nashville and land in Richmond for an aggregate sales price of $259.0 million and recorded aggregate gains on disposition of property of $79.0 million.
During the first quarter of 2026, we sold three buildings in Richmond for an aggregate sales price of $42.3 million and recorded aggregate gains on disposition of property of $17.0 million.
v3.26.3
Intangible Assets and Below Market Lease Liabilities
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [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,
2026
December 31,
2025
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$460,505 $414,230 
Less-accumulated amortization(179,599)(169,972)
$280,906 $244,258 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$35,320 $32,628 
Less-accumulated amortization(17,262)(17,102)
$18,058 $15,526 

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

Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$11,662 $9,683 $33,855 $27,757 
Amortization of lease incentives (in rental and other revenues)$756 $715 $2,490 $2,020 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$888 $615 $2,572 $1,849 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(850)$(661)$(2,620)$(2,078)

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, 2026$13,127 $703 $806 $(812)
202745,661 2,660 2,982 (3,080)
202838,278 2,506 2,811 (2,666)
202934,061 2,243 2,581 (2,289)
203030,033 1,932 2,255 (2,154)
Thereafter84,373 6,784 7,110 (7,057)
$245,533 $16,828 $18,545 $(18,058)
Weighted average remaining amortization periods as of September 30, 2026 (in years)7.28.47.47.3
The following table sets forth the intangible assets and below market lease liabilities recorded as a result of the acquisitions of Bloc83 in Raleigh and The Terraces in Dallas in the first quarter of 2026:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition$7,751 $37,190 $(5,152)
Weighted average remaining amortization periods as of September 30, 2026 (in years)7.86.66.3
v3.26.3
Mortgages and Notes Payable
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Mortgages and Notes Payable Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

September 30,
2026
December 31,
2025
Secured indebtedness$697,030 $703,409 
Unsecured indebtedness2,829,075 2,866,745 
Less-unamortized debt issuance costs(14,295)(15,976)
Total mortgages and notes payable, net$3,511,810 $3,554,178 

As of September 30, 2026, our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $1,299.3 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 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 were no amounts outstanding under our revolving credit facility as of September 30, 2026 or October 20, 2026. As of both September 30, 2026 and October 20, 2026, 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 was $749.9 million as of both September 30, 2026 and October 20, 2026.

During the third quarter of 2026, we repurchased $3.1 million principal amount of unsecured notes due March 2027.

During the second quarter of 2026, we modified our $150.0 million unsecured bank term loan to extend the maturity date from May 2027 to June 2029. The term can be extended for two additional years at our option, assuming no defaults have occurred. The interest rate is SOFR plus 90 basis points, based on current credit ratings. 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 $1.4 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.

During the second quarter of 2026, we repurchased an aggregate of $11.0 million principal amount of unsecured notes due March 2027.

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 27, 2026 (the date of issuance of the quarterly financial statements) and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. In particular, we have given consideration to our scheduled debt maturities during such
one-year period, which consists of $285.9 million principal amount of unsecured notes that are scheduled to mature in March 2027. 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;
•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.
v3.26.3
Noncontrolling Interests
9 Months Ended
Sep. 30, 2026
Noncontrolling Interest [Abstract]  
Noncontrolling Interests Noncontrolling Interests
Noncontrolling Interests in Consolidated Affiliates

As of September 30, 2026, our noncontrolling interest in consolidated affiliates relates to our joint venture partners’ 20.0% interest in the Midtown West joint venture, 90.0% interest in the Bloc 83 joint venture and 20.0% interest in the Terraces joint venture. Each of our joint venture partners 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,
2026202520262025
Beginning noncontrolling interests in the Operating Partnership$60,840 $66,878 $52,777 $65,791 
Adjustment of noncontrolling interests in the Operating Partnership to fair value(1,874)2,313 6,635 3,240 
Conversions of Common Units to Common Stock— (3,329)(700)(3,329)
Redemptions of Common Units— — (24)(10)
Net income attributable to noncontrolling interests in the Operating Partnership583 256 2,878 2,577 
Distributions to noncontrolling interests in the Operating Partnership(1,008)(1,076)(3,025)(3,227)
Total noncontrolling interests in the Operating Partnership$58,541 $65,042 $58,541 $65,042 

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,
2026202520262025
Net income available for common stockholders$31,750 $12,877 $156,587 $128,596 
Increase in additional paid in capital from conversions of Common Units to Common Stock— 3,329 700 3,329 
Redemptions of Common Units— — 24 10 
Change from net income available for common stockholders and transfers from noncontrolling interests$31,750 $16,206 $157,311 $131,935 
v3.26.3
Disclosure About Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Disclosure About Fair Value of Financial Instruments 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 2
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities
Significant Observable Inputs
Fair Value as of September 30, 2026:
Assets:
Mortgages and notes receivable, at fair value (1)
$12,227 $— $12,227 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
829 829 — 
Total Assets$13,056 $829 $12,227 
Noncontrolling Interests in the Operating Partnership$58,541 $58,541 $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,334,198 $— $3,334,198 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
829 829 — 
Total Liabilities
$3,335,027 $829 $3,334,198 
Fair Value as of December 31, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$12,228 $— $12,228 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,396 1,396 — 
Total Assets$13,624 $1,396 $12,228 
Noncontrolling Interests in the Operating Partnership$52,777 $52,777 $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,471,003 $— $3,471,003 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,396 1,396 — 
Total Liabilities
$3,472,399 $1,396 $3,471,003 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025.
v3.26.3
Share-Based Payments
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Payments Share-Based Payments
During the nine months ended September 30, 2026, the Company granted 271,458 shares of time-based restricted stock and 160,796 shares of total return-based restricted stock with weighted average grant date fair values per share of $22.80 and $24.02, respectively. We recorded share-based compensation expense of $0.9 million and $1.2 million during the three months ended September 30, 2026 and 2025, respectively, and $8.3 million and $7.4 million during the nine months ended September 30, 2026 and 2025, respectively. As of September 30, 2026, there was $5.4 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.2 years.
v3.26.3
Real Estate and Other Assets Held For Sale
9 Months Ended
Sep. 30, 2026
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,
2026
December 31,
2025
Assets:
Land$5,151 $3,454 
Buildings and tenant improvements33,107 42,123 
Less-accumulated depreciation(18,931)(25,468)
Net real estate assets19,327 20,109 
Accrued straight-line rents receivable1,396 2,083 
Deferred leasing costs, net822 1,006 
Prepaid expenses and other assets, net152 3 
Real estate and other assets, net, held for sale$21,697 $23,201 
v3.26.3
Earnings Per Share and Per Unit
9 Months Ended
Sep. 30, 2026
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,
2026202520262025
Earnings per Common Share - basic:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(583)(256)(2,878)(2,577)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171)2 (3,013)28 
Dividends on Preferred Stock(574)(576)(1,722)(1,783)
Net income available for common stockholders$31,750 $12,877 $156,587 $128,596 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,306 108,403 110,211 107,973 
Net income available for common stockholders per Common Share$0.29 $0.12 $1.42 $1.19 
Earnings per Common Share - diluted:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Dividends on Preferred Stock(574)(576)(1,722)(1,783)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,306 108,403 110,211 107,973 
Add:
Noncontrolling interests Common Units2,017 2,119 2,019 2,140 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
112,323 110,522 112,230 110,113 
Net income available for common stockholders per Common Share$0.29 $0.12 $1.42 $1.19 
__________
(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,
2026202520262025
Earnings per Common Unit - basic:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Distributions on Preferred Units(574)(576)(1,722)(1,783)
Net income available for common unitholders$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,914 110,113 111,821 109,704 
Net income available for common unitholders per Common Unit$0.29 $0.12 $1.43 $1.20 
Earnings per Common Unit - diluted:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Distributions on Preferred Units(574)(576)(1,722)(1,783)
Net income available for common unitholders$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,914 110,113 111,821 109,704 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
111,914 110,113 111,821 109,704 
Net income available for common unitholders per Common Unit$0.29 $0.12 $1.43 $1.20 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.26.3
Segment Information
9 Months Ended
Sep. 30, 2026
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,
2026202520262025
Rental and other revenues:
Atlanta$37,167 $36,935 $110,084 $108,828 
Charlotte30,239 23,342 87,131 67,308 
Dallas3,082 — 9,106 — 
Nashville37,154 38,728 112,351 117,925 
Orlando14,695 13,867 43,896 42,707 
Raleigh53,555 45,779 157,688 135,088 
Richmond5,613 8,935 20,252 27,431 
Tampa23,933 21,951 70,056 65,837 
Rental and other revenues for reportable segments205,438 189,537 610,564 565,124 
Other12,745 12,236 38,032 37,632 
Total rental and other revenues218,183 201,773 648,596 602,756 
Rental property and other expenses:
Atlanta14,836 15,041 43,856 42,876 
Charlotte8,188 6,410 24,225 18,254 
Dallas996 — 2,992 — 
Nashville11,241 11,009 32,626 33,383 
Orlando5,839 4,757 16,615 15,794 
Raleigh13,195 11,357 41,116 34,718 
Richmond1,830 3,048 7,011 8,656 
Tampa9,100 8,476 25,915 24,931 
Rental property and other expenses for reportable segments65,225 60,098 194,356 178,612 
Other6,387 5,825 18,529 16,000 
Total rental property and other expenses71,612 65,923 212,885 194,612 
Net operating income:
Atlanta22,331 21,894 66,228 65,952 
Charlotte22,051 16,932 62,906 49,054 
Dallas2,086 — 6,114 — 
Nashville25,913 27,719 79,725 84,542 
Orlando8,856 9,110 27,281 26,913 
Raleigh40,360 34,422 116,572 100,370 
Richmond3,783 5,887 13,241 18,775 
Tampa14,833 13,475 44,141 40,906 
Net operating income for reportable segments140,213 129,439 416,208 386,512 
Other6,358 6,411 19,503 21,632 
Total net operating income$146,571 $135,850 $435,711 $408,144 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Reconciliation to net income:
Depreciation and amortization$(79,477)$(73,898)$(236,068)$(219,982)
Impairments of real estate assets— (8,800)— (8,800)
General and administrative expenses(9,850)(8,995)(33,181)(31,771)
Interest expense(40,608)(38,475)(123,998)(112,782)
Other income3,092 1,753 8,828 8,007 
Gains on disposition of property13,582 5,674 109,569 87,889 
Equity in earnings of unconsolidated affiliates768 598 3,339 2,223 
Net income$34,078 $13,707 $164,200 $132,928 
v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On October 22, 2026, the Company declared a cash dividend of $0.50 per share of Common Stock, which is payable on December 8, 2026 to stockholders of record as of November 16, 2026.
v3.26.3
Insider Trading Arrangements
3 Months Ended
Sep. 30, 2026
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
v3.26.3
Description of Business and Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2026
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, 2026, we are involved with four joint ventures that we determine to be variable interest entities, three of which we are the primary beneficiary and are consolidated and one of which we are not the primary beneficiary and is not consolidated. In addition, during 2025, we acquired a building using a special purpose entity owned by a qualified intermediary to facilitate a potential Section 1031 reverse exchange under the Internal Revenue Code. To realize the tax deferral available under the Section 1031 exchange, we were required to complete the Section 1031 exchange, and take title to the to-be-exchanged building within 180 days of the acquisition date. We completed the exchange by acquiring 100% of the special purpose entity during the second quarter of 2026.

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 2025 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 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.
v3.26.3
Description of Business and Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Forward Contracts Indexed to Issuer's Equity
The following table summarizes the activity for shares sold and settled on a forward basis under the equity distribution agreements:

Forward Sale AgreementsSharesGross SalesWeighted Average Gross Sales Price Per ShareWeighted Average Net Sales Price Per Share
Sales Commissions Per Share (1)
Net Proceeds Received Per Share
Outstanding as of June 30, 2026— $— 
New forward sale agreements1,056,085 34,053 $32.24 $31.76 $0.48 
Forward sale agreements settled— — — — — $— 
Outstanding as of September 30, 20261,056,085 $34,053 
__________
(1)Upon a forward sale, the equity distribution agent typically earns a commission of 1.5% of the gross sales price.
v3.26.3
Investments in and Advances to Affiliates (Tables)
9 Months Ended
Sep. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Unconsolidated Affiliates
The following table summarizes our unconsolidated affiliates as of September 30, 2026:

Unconsolidated AffiliateLocationOwnership InterestVIE
(Y/N)
Carrying Value as of
September 30,
2026
Granite Park Six JV, LLC (1)
Dallas50.0%N$41,455 
GPI 23Springs JV, LLC (2)
Dallas50.0%N52,729 
M+O JV, LLCDallas50.0%N181,395 
Midtown East Tampa, LLC (3)
Tampa50.0%N12,890 
Brand/HRLP 2827 Peachtree LLC (4)
Atlanta50.0%Y61,604 
Plaza Colonnade, Tenant-in-CommonKansas City50.0%N4,295 
$354,368 
__________
(1)During the second quarter of 2026, Granite Park Six JV, LLC (“Granite Park Six joint venture”) obtained a secured loan for up to $100.0 million with a maturity date of April 2028 (but can be extended for one additional year at the joint venture’s option assuming no defaults have occurred). In connection with this loan, the Granite Park Six joint venture obtained an interest rate hedge contract that effectively fixed the overall interest rate at 5.9%. As of September 30, 2026, $87.2 million was drawn on this loan. The joint venture used the net proceeds from the secured loan to redeem the preferred equity that we contributed during the first quarter of 2026 and distributed the remainder equally to us and our partner, Granite Properties (“Granite”). As a result of these reconsideration events, the Granite Park Six
joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(2)To fund construction of our 23Springs development project, GPI 23Springs JV, LLC (“23Springs joint venture”) previously obtained a construction loan for up to $265.0 million with an interest rate of SOFR plus 355 basis points. This loan was scheduled to mature in March 2027. During the third quarter of 2026, the 23Springs joint venture modified this loan by converting it from a construction loan to a delayed draw secured loan, extending the maturity date to September 2029 (and can be extended for one additional year at the joint venture’s option assuming no defaults have occurred), lowering the borrowing spread to SOFR plus 230 basis points and increasing the borrowing capacity to $370.0 million. As of September 30, 2026, $325.6 million was outstanding on this loan. In connection with this modification, the 23Springs joint venture obtained interest rate hedge contracts that effectively cap the underlying SOFR rate at 5.0%. The incremental net proceeds were distributed equally to us and our partner, Granite. As a result of this reconsideration event, the 23Springs joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(3)During the third quarter of 2026, Midtown East Tampa, LLC (“Midtown East joint venture”) obtained a two-tranche secured mortgage loan from a third party lender. The first tranche consists of a $44.8 million secured loan that was used to repay the $43.8 million balance on a secured construction loan that we previously provided the joint venture. The second tranche consists of a $10.9 million non-revolving line of credit. As of September 30, 2026, $2.5 million was drawn on the line of credit. Both tranches bear interest at SOFR plus 205 basis points and are scheduled to mature in July 2036. In connection with this loan, the Midtown East joint venture obtained interest rate hedge contracts that effectively fix the weighted average rate of both tranches at 6.3%. As a result of this reconsideration event, the Midtown East joint venture is no longer a VIE since it now has sufficient equity at risk. This joint venture is now evaluated under the voting interest model, and the entity remains unconsolidated.
(4)As of September 30, 2026, Brand/HRLP 2827 Peachtree LLC (“2827 Peachtree joint venture”) had $51.7 million outstanding under the loan we have provided to the joint venture.
v3.26.3
Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2026
HRLP Bloc 83, LP [Member]  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table sets forth the carrying value of the assets and liabilities of the Bloc 83 joint venture included on our Consolidated Balance Sheets:
September 30,
2026
Net real estate assets$171,702 
Cash and cash equivalents$8,096 
Restricted cash$5,158 
Accounts receivable$293 
Accrued straight-line rents receivable$771 
Deferred leasing costs, net$26,791 
Accounts payable, accrued expenses and other liabilities$9,961 
Terraces JV, LLC [Member]  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table sets forth the carrying value of the assets and liabilities of the Terraces joint venture included on our Consolidated Balance Sheets:
September 30,
2026
Net real estate assets$93,181 
Cash and cash equivalents$4,345 
Accounts receivable$298 
Accrued straight-line rents receivable$917 
Deferred leasing costs, net$12,531 
Accounts payable, accrued expenses and other liabilities$6,272 
HRLP MTW, LLC [Member]  
Variable Interest Entities [Line Items]  
Schedule of Variable Interest Entities
The following table sets forth the carrying value of the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets:

September 30,
2026
December 31,
2025
Net real estate assets$54,796 $56,299 
Cash and cash equivalents$2,046 $1,361 
Accounts receivable$46 $203 
Accrued straight-line rents receivable$5,103 $5,254 
Deferred leasing costs, net$1,949 $2,211 
Prepaid expenses and other assets, net$127 $124 
Mortgages and notes payable, net$43,837 $44,059 
Accounts payable, accrued expenses and other liabilities$1,612 $1,170 
v3.26.3
Intangible Assets and Below Market Lease Liabilities (Tables)
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [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,
2026
December 31,
2025
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)$460,505 $414,230 
Less-accumulated amortization(179,599)(169,972)
$280,906 $244,258 
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities$35,320 $32,628 
Less-accumulated amortization(17,262)(17,102)
$18,058 $15,526 
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,
2026202520262025
Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization)$11,662 $9,683 $33,855 $27,757 
Amortization of lease incentives (in rental and other revenues)$756 $715 $2,490 $2,020 
Amortization of acquisition-related above market lease intangible assets (in rental and other revenues)$888 $615 $2,572 $1,849 
Amortization of acquisition-related below market lease liabilities (in rental and other revenues)$(850)$(661)$(2,620)$(2,078)
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, 2026$13,127 $703 $806 $(812)
202745,661 2,660 2,982 (3,080)
202838,278 2,506 2,811 (2,666)
202934,061 2,243 2,581 (2,289)
203030,033 1,932 2,255 (2,154)
Thereafter84,373 6,784 7,110 (7,057)
$245,533 $16,828 $18,545 $(18,058)
Weighted average remaining amortization periods as of September 30, 2026 (in years)7.28.47.47.3
Total Intangible Assets from Acquisition Activity
The following table sets forth the intangible assets and below market lease liabilities recorded as a result of the acquisitions of Bloc83 in Raleigh and The Terraces in Dallas in the first quarter of 2026:

Acquisition-Related Above Market Lease Intangible Assets (amortized in Rental and Other Revenues)Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization)Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues)
Amount recorded at acquisition$7,751 $37,190 $(5,152)
Weighted average remaining amortization periods as of September 30, 2026 (in years)7.86.66.3
v3.26.3
Mortgages and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Consolidated Mortgages and Notes Payable
The following table sets forth our mortgages and notes payable:

September 30,
2026
December 31,
2025
Secured indebtedness$697,030 $703,409 
Unsecured indebtedness2,829,075 2,866,745 
Less-unamortized debt issuance costs(14,295)(15,976)
Total mortgages and notes payable, net$3,511,810 $3,554,178 
v3.26.3
Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]
9 Months Ended
Sep. 30, 2026
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,
2026202520262025
Beginning noncontrolling interests in the Operating Partnership$60,840 $66,878 $52,777 $65,791 
Adjustment of noncontrolling interests in the Operating Partnership to fair value(1,874)2,313 6,635 3,240 
Conversions of Common Units to Common Stock— (3,329)(700)(3,329)
Redemptions of Common Units— — (24)(10)
Net income attributable to noncontrolling interests in the Operating Partnership583 256 2,878 2,577 
Distributions to noncontrolling interests in the Operating Partnership(1,008)(1,076)(3,025)(3,227)
Total noncontrolling interests in the Operating Partnership$58,541 $65,042 $58,541 $65,042 
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,
2026202520262025
Net income available for common stockholders$31,750 $12,877 $156,587 $128,596 
Increase in additional paid in capital from conversions of Common Units to Common Stock— 3,329 700 3,329 
Redemptions of Common Units— — 24 10 
Change from net income available for common stockholders and transfers from noncontrolling interests$31,750 $16,206 $157,311 $131,935 
v3.26.3
Disclosure About Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2026
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 2
TotalQuoted Prices
in Active
Markets for Identical Assets or Liabilities
Significant Observable Inputs
Fair Value as of September 30, 2026:
Assets:
Mortgages and notes receivable, at fair value (1)
$12,227 $— $12,227 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
829 829 — 
Total Assets$13,056 $829 $12,227 
Noncontrolling Interests in the Operating Partnership$58,541 $58,541 $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,334,198 $— $3,334,198 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
829 829 — 
Total Liabilities
$3,335,027 $829 $3,334,198 
Fair Value as of December 31, 2025:
Assets:
Mortgages and notes receivable, at fair value (1)
$12,228 $— $12,228 
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)
1,396 1,396 — 
Total Assets$13,624 $1,396 $12,228 
Noncontrolling Interests in the Operating Partnership$52,777 $52,777 $— 
Liabilities:
Mortgages and notes payable, net, at fair value (1)
$3,471,003 $— $3,471,003 
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)
1,396 1,396 — 
Total Liabilities
$3,472,399 $1,396 $3,471,003 
__________
(1)    Amounts are not recorded at fair value on our Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025.
v3.26.3
Real Estate and Other Assets Held For Sale (Tables)
9 Months Ended
Sep. 30, 2026
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,
2026
December 31,
2025
Assets:
Land$5,151 $3,454 
Buildings and tenant improvements33,107 42,123 
Less-accumulated depreciation(18,931)(25,468)
Net real estate assets19,327 20,109 
Accrued straight-line rents receivable1,396 2,083 
Deferred leasing costs, net822 1,006 
Prepaid expenses and other assets, net152 3 
Real estate and other assets, net, held for sale$21,697 $23,201 
v3.26.3
Earnings Per Share and Per Unit (Tables)
9 Months Ended
Sep. 30, 2026
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,
2026202520262025
Earnings per Common Share - basic:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(583)(256)(2,878)(2,577)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171)2 (3,013)28 
Dividends on Preferred Stock(574)(576)(1,722)(1,783)
Net income available for common stockholders$31,750 $12,877 $156,587 $128,596 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,306 108,403 110,211 107,973 
Net income available for common stockholders per Common Share$0.29 $0.12 $1.42 $1.19 
Earnings per Common Share - diluted:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Dividends on Preferred Stock(574)(576)(1,722)(1,783)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,306 108,403 110,211 107,973 
Add:
Noncontrolling interests Common Units2,017 2,119 2,019 2,140 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
112,323 110,522 112,230 110,113 
Net income available for common stockholders per Common Share$0.29 $0.12 $1.42 $1.19 
__________
(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,
2026202520262025
Earnings per Common Unit - basic:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Distributions on Preferred Units(574)(576)(1,722)(1,783)
Net income available for common unitholders$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,914 110,113 111,821 109,704 
Net income available for common unitholders per Common Unit$0.29 $0.12 $1.43 $1.20 
Earnings per Common Unit - diluted:
Numerator:
Net income$34,078 $13,707 $164,200 $132,928 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(1,171)2 (3,013)28 
Distributions on Preferred Units(574)(576)(1,722)(1,783)
Net income available for common unitholders$32,333 $13,133 $159,465 $131,173 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,914 110,113 111,821 109,704 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
111,914 110,113 111,821 109,704 
Net income available for common unitholders per Common Unit$0.29 $0.12 $1.43 $1.20 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
v3.26.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting, Reconciliation of Revenue by Segment 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,
2026202520262025
Rental and other revenues:
Atlanta$37,167 $36,935 $110,084 $108,828 
Charlotte30,239 23,342 87,131 67,308 
Dallas3,082 — 9,106 — 
Nashville37,154 38,728 112,351 117,925 
Orlando14,695 13,867 43,896 42,707 
Raleigh53,555 45,779 157,688 135,088 
Richmond5,613 8,935 20,252 27,431 
Tampa23,933 21,951 70,056 65,837 
Rental and other revenues for reportable segments205,438 189,537 610,564 565,124 
Other12,745 12,236 38,032 37,632 
Total rental and other revenues218,183 201,773 648,596 602,756 
Segment Reporting, Reconciliation of Other Item by Segment to Consolidated
Rental property and other expenses:
Atlanta14,836 15,041 43,856 42,876 
Charlotte8,188 6,410 24,225 18,254 
Dallas996 — 2,992 — 
Nashville11,241 11,009 32,626 33,383 
Orlando5,839 4,757 16,615 15,794 
Raleigh13,195 11,357 41,116 34,718 
Richmond1,830 3,048 7,011 8,656 
Tampa9,100 8,476 25,915 24,931 
Rental property and other expenses for reportable segments65,225 60,098 194,356 178,612 
Other6,387 5,825 18,529 16,000 
Total rental property and other expenses71,612 65,923 212,885 194,612 
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated
Net operating income:
Atlanta22,331 21,894 66,228 65,952 
Charlotte22,051 16,932 62,906 49,054 
Dallas2,086 — 6,114 — 
Nashville25,913 27,719 79,725 84,542 
Orlando8,856 9,110 27,281 26,913 
Raleigh40,360 34,422 116,572 100,370 
Richmond3,783 5,887 13,241 18,775 
Tampa14,833 13,475 44,141 40,906 
Net operating income for reportable segments140,213 129,439 416,208 386,512 
Other6,358 6,411 19,503 21,632 
Total net operating income$146,571 $135,850 $435,711 $408,144 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Reconciliation to net income:
Depreciation and amortization$(79,477)$(73,898)$(236,068)$(219,982)
Impairments of real estate assets— (8,800)— (8,800)
General and administrative expenses(9,850)(8,995)(33,181)(31,771)
Interest expense(40,608)(38,475)(123,998)(112,782)
Other income3,092 1,753 8,828 8,007 
Gains on disposition of property13,582 5,674 109,569 87,889 
Equity in earnings of unconsolidated affiliates768 598 3,339 2,223 
Net income$34,078 $13,707 $164,200 $132,928 
v3.26.3
Description of Business and Significant Accounting Policies (Details)
$ / shares in Units, ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
ft²
numberOfEntities
$ / shares
shares
Jun. 30, 2026
USD ($)
shares
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
ft²
numberOfEntities
shares
Sep. 30, 2025
USD ($)
Dec. 31, 2025
shares
Description of Business [Abstract]            
Rentable square feet of commercial real estate properties (in sq feet) | ft² 26.9     26.9    
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft² 0.6     0.6    
Rentable square feet of potential office build (in sq feet) | ft² 3.5     3.5    
Net proceeds of Common Stock sold during the period | $ $ 75,000   $ 48,748,000 $ (1,590,000) $ 48,606,000  
Forward sale agreements, outstanding shares (in shares) 110,315,322     110,315,322   109,905,241
Number of VIE entities | numberOfEntities 4     4    
Self insurance liability | $ $ 500,000     $ 500,000    
Highwoods Properties, Inc. [Member]            
Description of Business [Abstract]            
Common Units of partnership owned by the Company (in shares) 109,900,000     109,900,000    
Percentage of ownership of Common Units (in hundredths) 98.20%     98.20%    
Common Units redeemed for a like number of shares of Common Stock       25,855    
Common Units redeemed for cash       950    
Highwoods Properties, Inc. [Member] | Stock Repurchase Program 2026 [Member]            
Description of Business [Abstract]            
Number of Common Stock repurchased during the period (in shares) 0     0    
Highwoods Properties, Inc. [Member] | ATM Equity Offering [Member]            
Description of Business [Abstract]            
Number of Common Stock sold during the period (in shares) 0     0    
Highwoods Properties, Inc. [Member] | Forward Sale Agreements Outstanding [Member]            
Description of Business [Abstract]            
Forward sale agreements, outstanding shares (in shares) 1,056,085 0   1,056,085    
Forward sale agreements, gross sales | $ $ 34,053,000 $ 0   $ 34,053,000    
Highwoods Properties, Inc. [Member] | New Forward Sale Agreements [Member]            
Description of Business [Abstract]            
Number of Common Stock sold during the period (in shares) 1,056,085          
New forward sale agreements, gross sales | $ $ 34,053,000          
Highwoods Properties, Inc. [Member] | New Forward Sale Agreements [Member] | Gross Price Per Share [Member]            
Description of Business [Abstract]            
Weighted average gross sales price per share | $ / shares $ 32.24          
Highwoods Properties, Inc. [Member] | New Forward Sale Agreements [Member] | Net Price Per Share [Member]            
Description of Business [Abstract]            
Weighted average net sales price per share | $ / shares $ 31.76          
Highwoods Properties, Inc. [Member] | New Forward Sale Agreements [Member] | Sales Commissions Per Share [Member]            
Description of Business [Abstract]            
Sales commissions per share | $ $ 0.48          
Highwoods Properties, Inc. [Member] | Forward Sale Agreements Settled [Member]            
Description of Business [Abstract]            
Forward sale agreements, settled shares (in shares) 0          
Forward sale agreements settled, gross sales | $ $ 0          
Percentage of sales commission (in hundredths) 0.015     0.015    
Highwoods Properties, Inc. [Member] | Forward Sale Agreements Settled [Member] | Net Proceeds Per Share [Member]            
Description of Business [Abstract]            
Forward sale agreements settled, net proceeds per share | $ / shares $ 0          
Highwoods Properties, Inc. [Member] | Maximum [Member] | Stock Repurchase Program 2026 [Member]            
Description of Business [Abstract]            
Share Repurchase Program, authorized amount | $ $ 250,000,000.0     $ 250,000,000.0    
Highwoods Properties, Inc. [Member] | Maximum [Member] | ATM Equity Offering [Member]            
Description of Business [Abstract]            
Net proceeds of Common Stock sold during the period | $       $ 300,000,000.0    
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 3     3    
Variable Interest Entity, Non Primary Beneficiary [Member]            
Description of Business [Abstract]            
Number of VIE entities | numberOfEntities 1     1    
6HUNDRED Acquisition VIE            
Description of Business [Abstract]            
VIE term of arrangements       180 days    
VIE, ownership percentage (in hundredths)   100.00%        
v3.26.3
Leases ASC 842 (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Lessor Disclosure [Abstract]        
Rental and other revenues related to operating lease payments $ 213.3 $ 228.6 $ 634.6 $ 590.5
Variable lease income $ 18.9 $ 16.6 $ 55.9 $ 50.2
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  
v3.26.3
Investments in and Advances to Affiliates (Details)
$ in Thousands
3 Months Ended
Sep. 30, 2026
USD ($)
numberOfBuildings
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Schedule of Equity Method Investments [Line Items]      
Carrying value of investment in unconsolidated affiliate $ 354,368   $ 471,580
HRLP Bloc 83, LP [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in consolidated joint venture (in hundredths) 10.00%    
Terraces JV, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in consolidated joint venture (in hundredths) 80.00%    
HRLP MTW, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in consolidated joint venture (in hundredths) 80.00%    
Maximum [Member] | HRLP Bloc 83, LP [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in consolidated joint venture (in hundredths) 50.00%    
Granite Park Six JV, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 41,455    
Term of optional extension   1 year  
Effective interest rate (in hundredths)   5.90%  
Outstanding balance of debt $ 87,200    
Granite Park Six JV, LLC [Member] | Maximum [Member]      
Schedule of Equity Method Investments [Line Items]      
Principal amount of debt   $ 100,000  
GPI23 Springs JV, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 52,729    
Principal amount of debt $ 370,000    
Term of optional extension 1 year    
Outstanding balance of debt $ 325,600    
Construction loan obtained by joint venture   $ 265,000  
Interest rate basis SOFR    
Interest rate, basis spread (in hundredths) 2.30% 3.55%  
Interest rate cap (in hundredths) 5.00%    
M+O JV, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 181,395    
Midtown East Tampa, LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 12,890    
Principal amount of debt $ 44,800    
Effective interest rate (in hundredths) 6.30%    
Interest rate basis SOFR    
Interest rate, basis spread (in hundredths) 2.05%    
Number of tranches in transaction | numberOfBuildings 2    
Amount of loan funded to affiliate $ 43,800    
Maximum borrowing capacity on credit facility 10,900    
Amount outstanding on non-revolving line of credit $ 2,500    
Brand/HRLP 2827 Peachtree LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 61,604    
Plaza Colonnade, Tenant-in-Common      
Schedule of Equity Method Investments [Line Items]      
Percentage of equity interest in unconsolidated affiliate (in hundredths) 50.00%    
Carrying value of investment in unconsolidated affiliate $ 4,295    
v3.26.3
Variable Interest Entities (Details)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Mar. 31, 2026
USD ($)
ft²
numberOfBuildings
Rate
Jun. 30, 2026
Sep. 30, 2026
USD ($)
ft²
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
Variable Interest Entities [Line Items]          
Rentable square feet of commercial real estate properties (in sq feet) | ft²     26,900,000    
Preferred Stock, monthly distribution rate percentage (in hundredths)   8.625% 8.625%    
Assets and liabilities of consolidated variable interest entity [Abstract]          
Net real estate assets     $ 5,080,000 $ 5,071,995  
Cash and cash equivalents     279,205 27,358 $ 26,262
Restricted cash     19,480 15,691 $ 15,481
Accounts receivable     22,497 28,263  
Accrued straight-line rents receivable     312,772 318,024  
Deferred leasing costs, net     280,906 244,258  
Prepaid expense and other assets, net     64,063 61,240  
Mortgages and notes payable     3,511,810 3,554,178  
Accounts payable, accrued expenses and other liabilities     310,426 284,006  
Terraces JV, LLC [Member]          
Variable Interest Entities [Line Items]          
Preferred equity contributed to affiliate $ 64,300        
Brand/HRLP 2827 Peachtree LLC [Member]          
Variable Interest Entities [Line Items]          
Amount of loan funded to affiliate     51,700    
North Carolina Investment Authority [Member]          
Variable Interest Entities [Line Items]          
Equity funded to acquire interest in joint venture 189,500        
Granite Properties [Member]          
Variable Interest Entities [Line Items]          
Equity funded to acquire interest in joint venture $ 9,000        
HRLP Bloc 83, LP [Member]          
Variable Interest Entities [Line Items]          
Number of buildings | numberOfBuildings 2        
Rentable square feet of commercial real estate properties (in sq feet) | ft² 492,000        
Total anticipated development costs $ 210,500        
Equity funded to acquire interest in joint venture $ 21,000        
Assets and liabilities of consolidated variable interest entity [Abstract]          
Net real estate assets     171,702    
Cash and cash equivalents     8,096    
Restricted cash     5,158    
Accounts receivable     293    
Accrued straight-line rents receivable     771    
Deferred leasing costs, net     26,791    
Accounts payable, accrued expenses and other liabilities     9,961    
Terraces JV, LLC [Member]          
Variable Interest Entities [Line Items]          
Rentable square feet of commercial real estate properties (in sq feet) | ft² 173,000        
Total anticipated development costs $ 109,300        
Equity funded to acquire interest in joint venture $ 36,000        
Preferred Stock, monthly distribution rate percentage (in hundredths) | Rate 5.75%        
Assets and liabilities of consolidated variable interest entity [Abstract]          
Net real estate assets     93,181    
Cash and cash equivalents     4,345    
Accounts receivable     298    
Accrued straight-line rents receivable     917    
Deferred leasing costs, net     12,531    
Accounts payable, accrued expenses and other liabilities     6,272    
HRLP MTW, LLC [Member]          
Assets and liabilities of consolidated variable interest entity [Abstract]          
Net real estate assets     54,796 56,299  
Cash and cash equivalents     2,046 1,361  
Accounts receivable     46 203  
Accrued straight-line rents receivable     5,103 5,254  
Deferred leasing costs, net     1,949 2,211  
Prepaid expense and other assets, net     127 124  
Mortgages and notes payable     43,837 44,059  
Accounts payable, accrued expenses and other liabilities     $ 1,612 $ 1,170  
v3.26.3
Real Estate Assets (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
numberOfBuildings
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
numberOfBuildings
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
numberOfBuildings
Sep. 30, 2025
USD ($)
Dispositions [Abstract]            
Gains on disposition of property $ 13,582     $ 5,674 $ 109,569 $ 87,889
2026 Dispositions            
Dispositions [Abstract]            
Number of buildings sold | numberOfBuildings 9   3   9  
Sales price of real estate $ 85,200 $ 259,000 $ 42,300      
Gains on disposition of property $ 13,600 $ 79,000 $ 17,000      
v3.26.3
Intangible Assets and Below Market Lease Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Assets:            
Deferred leasing costs, gross $ 460,505   $ 460,505     $ 414,230
Deferred leasing costs, accumulated amortization (179,599)   (179,599)     (169,972)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 280,906   280,906     244,258
Liabilities (in accounts payable, accrued expenses and other liabilities):            
Acquisition-related below market lease liabilities, gross 35,320   35,320     32,628
Acquisition-related below market lease liabilities, accumulated amortization (17,262)   (17,262)     (17,102)
Acquisition-related below market lease liabilities, net 18,058   18,058     $ 15,526
Amortization of intangible assets and below market lease liabilities [Abstract]            
Acquired intangible assets (amortized in rental and other revenue)         $ 7,751  
Acquired intangible assets (amortized in depreciation and amortization)         37,190  
Assumed below market lease liabilities (amortized in rental and other revenue)         $ (5,152)  
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 245,533   245,533      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 11,662 $ 9,683 33,855 $ 27,757    
Lease Incentives (in Rental and Other Revenues) [Member]            
Assets:            
Deferred leasing costs, net/Total scheduled future amortization of intangible assets 16,828   16,828      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 756 715 2,490 2,020    
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 18,545   18,545      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of intangible assets 888 615 2,572 1,849    
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 18,058   18,058      
Amortization of intangible assets and below market lease liabilities [Abstract]            
Amortization of acquisition-related below market lease liabilities $ (850) $ (661) $ (2,620) $ (2,078)    
v3.26.3
Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2026
Dec. 31, 2025
Scheduled future amortization of intangible assets [Abstract]      
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 280,906 $ 280,906 $ 244,258
Scheduled future amortization of below market lease liabilities [Abstract]      
Acquisition-related below market lease liabilities, net (18,058) (18,058) $ (15,526)
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, 2026 13,127 13,127  
2027 45,661 45,661  
2028 38,278 38,278  
2029 34,061 34,061  
2030 30,033 30,033  
Thereafter 84,373 84,373  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 245,533 $ 245,533  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]      
Finite-lived intangible assets, average useful life (in years) 7 years 2 months 12 days 7 years 2 months 12 days  
Lease Incentives (in Rental and Other Revenues) [Member]      
Scheduled future amortization of intangible assets [Abstract]      
October 1 through December 31, 2026 $ 703 $ 703  
2027 2,660 2,660  
2028 2,506 2,506  
2029 2,243 2,243  
2030 1,932 1,932  
Thereafter 6,784 6,784  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 16,828 $ 16,828  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]      
Finite-lived intangible assets, average useful life (in years) 8 years 4 months 24 days 8 years 4 months 24 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, 2026 $ 806 $ 806  
2027 2,982 2,982  
2028 2,811 2,811  
2029 2,581 2,581  
2030 2,255 2,255  
Thereafter 7,110 7,110  
Deferred leasing costs, net/Total scheduled future amortization of intangible assets $ 18,545 $ 18,545  
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]      
Finite-lived intangible assets, average useful life (in years) 7 years 4 months 24 days 7 years 4 months 24 days  
Acquired finite-lived intangible assets, weighted average useful life (in years) 7 years 9 months 18 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) 6 years 7 months 6 days    
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, 2026 $ (812) $ (812)  
2027 (3,080) (3,080)  
2028 (2,666) (2,666)  
2029 (2,289) (2,289)  
2030 (2,154) (2,154)  
Thereafter (7,057) (7,057)  
Acquisition-related below market lease liabilities, net $ (18,058) $ (18,058)  
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 3 months 18 days 7 years 3 months 18 days  
Acquired below market lease liability, weighted average remaining amortization period (in years)   6 years 3 months 18 days  
v3.26.3
Mortgages and Notes Payable (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Jun. 30, 2026
USD ($)
Sep. 30, 2026
USD ($)
extension
Sep. 30, 2025
USD ($)
Oct. 20, 2026
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]            
Mortgages and notes payable $ 3,511,810,000   $ 3,511,810,000     $ 3,554,178,000
Unamortized debt issuance costs $ (14,295,000)   (14,295,000)     (15,976,000)
Loss on debt extinguishment     (58,000) $ (144,000)    
Maximum liquidity requirements 1 year          
Revolving Credit Facility            
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      
Facility interest rate basis     SOFR      
Interest rate, basis spread (in hundredths)     0.85%      
Annual facility fee (in hundredths)     0.20%      
Temporary reduction in interest rate due to sustainability goals (in hundredths)     0.025%      
Amount outstanding on revolving credit facility 0   $ 0      
Outstanding letters of credit on revolving credit facility 100,000   100,000      
Unused borrowing capacity on revolving credit facility 749,900,000   749,900,000      
Variable Rate Term Loan (2) due 2029            
Debt Instrument [Line Items]            
Term of optional extension   2 years        
Facility interest rate basis   SOFR        
Interest rate, basis spread (in hundredths)   0.90%        
Temporary reduction in interest rate due to sustainability goals (in hundredths)   0.025%        
Principal amount of debt   $ 150,000,000.0        
Debt issuance costs   1,400,000        
Loss on debt extinguishment   (100,000)        
3.875% (4.038% effective rate) Notes due 2027            
Debt Instrument [Line Items]            
Principal amount of debt 285,900,000   285,900,000      
Amount of debt repurchased 3,100,000 $ 11,000,000.0 3,100,000      
Secured indebtedness [Member]            
Debt Instrument [Line Items]            
Mortgages and notes payable 697,030,000   697,030,000     703,409,000
Aggregate undepreciated book value of secured real estate assets 1,299,300,000   1,299,300,000      
Unsecured indebtedness [Member]            
Debt Instrument [Line Items]            
Mortgages and notes payable $ 2,829,075,000   $ 2,829,075,000     $ 2,866,745,000
Subsequent Event [Member] | Revolving Credit Facility            
Debt Instrument [Line Items]            
Amount outstanding on revolving credit facility         $ 0  
Outstanding letters of credit on revolving credit facility         100,000  
Unused borrowing capacity on revolving credit facility         $ 749,900,000  
v3.26.3
Noncontrolling Interests (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership     $ 52,777  
Adjustment of noncontrolling interests in the Operating Partnership to fair value $ (1,874) $ 2,313 6,635 $ 3,240
Conversions of Common Units to Common Stock   (3,329) (700) (3,329)
Redemptions of Common Units     (24) (10)
Net income attributable to noncontrolling interests in the Operating Partnership 583 256 2,878 2,577
Distributions to noncontrolling interests in the Operating Partnership     (3,025) (3,227)
Total noncontrolling interests in the Operating Partnership 58,541   58,541  
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 31,750 12,877 156,587 128,596
Highwoods Properties, Inc. [Member]        
Noncontrolling Interests in the Operating Partnership [Roll Forward]        
Beginning noncontrolling interests in the Operating Partnership 60,840 66,878 52,777 65,791
Adjustment of noncontrolling interests in the Operating Partnership to fair value (1,874) 2,313 6,635 3,240
Conversions of Common Units to Common Stock 0 (3,329) (700) (3,329)
Redemptions of Common Units 0 0 (24) (10)
Net income attributable to noncontrolling interests in the Operating Partnership 583 256 2,878 2,577
Distributions to noncontrolling interests in the Operating Partnership (1,008) (1,076) (3,025) (3,227)
Total noncontrolling interests in the Operating Partnership 58,541 65,042 58,541 65,042
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]        
Net income available for common stockholders 31,750 12,877 156,587 128,596
Increase in additional paid in capital from conversions of Common Units to Common Stock 0 3,329 700 3,329
Redemptions of Common Units 0 0 24 10
Change from net income available for common stockholders and transfers from noncontrolling interests $ 31,750 $ 16,206 $ 157,311 $ 131,935
Midtown West Joint Venture [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 20.00%   20.00%  
HRLP Bloc 83, LP [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 90.00%   90.00%  
Terraces JV, LLC [Member]        
Noncontrolling Interests in Consolidated Affiliates [Abstract]        
Consolidated joint venture, partner's interest (in hundredths) 20.00%   20.00%  
v3.26.3
Disclosure About Fair Value of Financial Instruments - Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Mortgages and notes receivable, at fair value $ 12,227 $ 12,228
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 829 1,396
Total Assets 13,056 13,624
Liabilities:    
Mortgages and notes payable, net, at fair value 3,334,198 3,471,003
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 829 1,396
Total Liabilities 3,335,027 3,472,399
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) 829 1,396
Total Assets 829 1,396
Liabilities:    
Mortgages and notes payable, net, at fair value 0 0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 829 1,396
Total Liabilities 829 1,396
Level 2 [Member]    
Assets:    
Mortgages and notes receivable, at fair value 12,227 12,228
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 0 0
Total Assets 12,227 12,228
Liabilities:    
Mortgages and notes payable, net, at fair value 3,334,198 3,471,003
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 0 0
Total Liabilities 3,334,198 3,471,003
Highwoods Properties, Inc. [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 58,541 52,777
Highwoods Properties, Inc. [Member] | Level 1 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership 58,541 52,777
Highwoods Properties, Inc. [Member] | Level 2 [Member]    
Assets:    
Noncontrolling Interests in the Operating Partnership $ 0 $ 0
v3.26.3
Share-Based Payments (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 900 $ 1,200 $ 8,348 $ 7,446
Total unrecognized share-based compensation costs $ 5,400   $ 5,400  
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)     2 years 2 months 12 days  
Highwoods Properties, Inc. [Member] | Time-Based Restricted Stock [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Restricted stock shares granted (in shares)     271,458  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 22.80  
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)     160,796  
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)     $ 24.02  
v3.26.3
Real Estate and Other Assets Held For Sale (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real Estate and Other Assets Held For Sale [Abstract]    
Land $ 5,151 $ 3,454
Buildings and tenant improvements 33,107 42,123
Less-accumulated depreciation (18,931) (25,468)
Net real estate assets 19,327 20,109
Accrued straight-line rents receivable 1,396 2,083
Deferred leasing costs, net 822 1,006
Prepaid expenses and other assets, net 152 3
Real estate and other assets, net, held for sale $ 21,697 $ 23,201
v3.26.3
Earnings Per Share and Per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Net (income) attributable to noncontrolling interests in the Operating Partnership (583) (256) (2,878) (2,577)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Dividends on Preferred Stock (574) (576) (1,722) (1,783)
Net income available for common stockholders $ 31,750 $ 12,877 $ 156,587 $ 128,596
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 110,306 108,403 110,211 107,973
Earnings per Common Share - basic:        
Net income available for common stockholders (in dollars per share) $ 0.29 $ 0.12 $ 1.42 $ 1.19
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Dividends on Preferred Stock (574) (576) (1,722) (1,783)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 32,333 $ 13,133 $ 159,465 $ 131,173
Denominator:        
Denominator for basic earnings per Common Share - weighted average shares (in shares) 110,306 108,403 110,211 107,973
Noncontrolling interests Common Units (in shares) 2,017 2,119 2,019 2,140
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares) 112,323 110,522 112,230 110,113
Earnings per Common Share - diluted:        
Net income available for common stockholders (in dollars per share) $ 0.29 $ 0.12 $ 1.42 $ 1.19
Highwoods Realty Limited Partnership [Member]        
Earnings per Common Share and Per Unit - basic: [Abstract]        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Distributions on Preferred Units (574) (576) (1,722) (1,783)
Net income available for common unitholders $ 32,333 $ 13,133 $ 159,465 $ 131,173
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 111,914 110,113 111,821 109,704
Earnings per Common Unit - basic:        
Net income available for common unitholders (in dollars per share) $ 0.29 $ 0.12 $ 1.43 $ 1.20
Earnings per Common Share and Per Unit - diluted: [Abstract]        
Net income $ 34,078 $ 13,707 $ 164,200 $ 132,928
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (1,171) 2 (3,013) 28
Distributions on Preferred Units (574) (576) (1,722) (1,783)
Net income available for common unitholders $ 32,333 $ 13,133 $ 159,465 $ 131,173
Denominator:        
Denominator for basic earnings per Common Unit - weighted average units (in shares) 111,914 110,113 111,821 109,704
Earnings per Common Unit - diluted:        
Net income available for common unitholders (in dollars per share) $ 0.29 $ 0.12 $ 1.43 $ 1.20
v3.26.3
Segment Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Segment Reporting [Line Items]        
Total rental and other revenues $ 218,183 $ 201,773 $ 648,596 $ 602,756
Total rental property and other expenses 71,612 65,923 212,885 194,612
Total net operating income 146,571 135,850 435,711 408,144
Reconciliation to net income:        
Depreciation and amortization (79,477) (73,898) (236,068) (219,982)
Impairments of real estate assets 0 (8,800) 0 (8,800)
General and administrative (9,850) (8,995) (33,181) (31,771)
Interest expense (40,608) (38,475) (123,998) (112,782)
Other income 3,092 1,753 8,828 8,007
Gains on disposition of property 13,582 5,674 109,569 87,889
Equity in earnings of unconsolidated affiliates 768 598 3,339 2,223
Net income 34,078 13,707 $ 164,200 132,928
Number of reportable segments | segment     8  
Total Reportable Segment [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 205,438 189,537 $ 610,564 565,124
Total rental property and other expenses 65,225 60,098 194,356 178,612
Total net operating income 140,213 129,439 416,208 386,512
Atlanta, GA [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 37,167 36,935 110,084 108,828
Total rental property and other expenses 14,836 15,041 43,856 42,876
Total net operating income 22,331 21,894 66,228 65,952
Charlotte, NC [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 30,239 23,342 87,131 67,308
Total rental property and other expenses 8,188 6,410 24,225 18,254
Total net operating income 22,051 16,932 62,906 49,054
Dallas, TX        
Segment Reporting [Line Items]        
Total rental and other revenues 3,082 0 9,106 0
Total rental property and other expenses 996 0 2,992 0
Total net operating income 2,086 0 6,114 0
Nashville, TN [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 37,154 38,728 112,351 117,925
Total rental property and other expenses 11,241 11,009 32,626 33,383
Total net operating income 25,913 27,719 79,725 84,542
Orlando, FL [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 14,695 13,867 43,896 42,707
Total rental property and other expenses 5,839 4,757 16,615 15,794
Total net operating income 8,856 9,110 27,281 26,913
Raleigh, NC [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 53,555 45,779 157,688 135,088
Total rental property and other expenses 13,195 11,357 41,116 34,718
Total net operating income 40,360 34,422 116,572 100,370
Richmond, VA [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 5,613 8,935 20,252 27,431
Total rental property and other expenses 1,830 3,048 7,011 8,656
Total net operating income 3,783 5,887 13,241 18,775
Tampa, FL [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 23,933 21,951 70,056 65,837
Total rental property and other expenses 9,100 8,476 25,915 24,931
Total net operating income 14,833 13,475 44,141 40,906
Other Segment [Member]        
Segment Reporting [Line Items]        
Total rental and other revenues 12,745 12,236 38,032 37,632
Total rental property and other expenses 6,387 5,825 18,529 16,000
Total net operating income $ 6,358 $ 6,411 $ 19,503 $ 21,632
v3.26.3
Subsequent Events (Details) - Highwoods Properties, Inc. [Member] - $ / shares
3 Months Ended 9 Months Ended
Oct. 22, 2026
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
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]          
Subsequent Event [Line Items]          
Dividends declared per share of Common Stock (in dollars per share) $ 0.50