Highwoods Realty Limited Partnership 10-Q22 Oct 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 15, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		106,020,426
Entity Central Index Key	0000921082
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Highwoods Realty Limited Partnership
Entity Information [Line Items]
Entity Registrant Name	HIGHWOODS REALTY LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	NC
Entity File Number	000-21731
Entity Tax Identification Number	56-1869557
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000941713
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

HPI - Consolidated Balance Shee

HPI - Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Real estate assets, at cost:
Land	$ 533,361	$ 540,050
Buildings and tenant improvements	5,939,774	5,960,895
Development in-process	0	8,918
Land held for development	221,548	227,058
Total real estate assets	6,694,683	6,736,921
Less-accumulated depreciation	(1,823,875)	(1,743,390)
Net real estate assets	4,870,808	4,993,531
Cash and cash equivalents	23,650	25,123
Restricted cash	10,283	6,446
Accounts receivable	26,088	28,094
Mortgages and notes receivable	11,084	4,795
Accrued straight-line rents receivable	315,068	310,649
Investments in and advances to unconsolidated affiliates	482,693	343,241
Deferred leasing costs, net of accumulated amortization of $172,702 and $175,697, respectively	213,409	225,924
Prepaid expenses and other assets, net of accumulated depreciation of $19,596 and $22,142, respectively	74,827	65,125
Total Assets	6,027,910	6,002,928
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity:
Mortgages and notes payable, net	3,295,521	3,213,206
Accounts payable, accrued expenses and other liabilities	295,191	302,180
Total Liabilities	3,590,712	3,515,386
Commitments and contingencies
Noncontrolling interests in the Operating Partnership	72,094	49,520
Equity:
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,811 shares issued and outstanding	28,811	28,811
Common Stock, $.01 par value, 200,000,000 authorized shares; 106,020,426 and 105,710,315 shares issued and outstanding, respectively	1,060	1,057
Additional paid-in capital	3,086,411	3,103,446
Distributions in excess of net income available for common stockholders	(753,404)	(698,020)
Accumulated other comprehensive loss	(2,184)	(1,997)
Total Stockholders’ Equity	2,360,694	2,433,297
Noncontrolling interests in consolidated affiliates	4,410	4,725
Total Equity/Capital	2,365,104	2,438,022
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	$ 6,027,910	$ 6,002,928

HPI - Consolidated Balance Sh_2

HPI - Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024	Dec. 31, 2023
Assets:
Deferred leasing costs, accumulated amortization		$ 172,702	$ 175,697
Prepaid expenses and other assets, accumulated depreciation		$ 19,596	$ 22,142
Equity:
Series A Preferred Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Series A Preferred Stock, authorized shares (in shares)		50,000,000	50,000,000
Series A Preferred Stock, dividend rate percentage (in hundredths)	8.625%	8.625%
Series A Preferred Stock, liquidation preference (in dollars per share)		$ 1,000	$ 1,000
Series A Preferred Stock, shares issued (in shares)		28,811	28,811
Series A Preferred Stock, shares outstanding (in shares)		28,811	28,811
Common Stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common Stock, authorized shares (in shares)		200,000,000	200,000,000
Common Stock, shares issued (in shares)		106,020,426	105,710,315
Common Stock, shares outstanding (in shares)		106,020,426	105,710,315

HRLP - Consolidated Balance She

HRLP - Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Real estate assets, at cost:
Land	$ 533,361	$ 540,050
Buildings and tenant improvements	5,939,774	5,960,895
Development in-process	0	8,918
Land held for development	221,548	227,058
Total real estate assets	6,694,683	6,736,921
Less-accumulated depreciation	(1,823,875)	(1,743,390)
Net real estate assets	4,870,808	4,993,531
Cash and cash equivalents	23,650	25,123
Restricted cash	10,283	6,446
Accounts receivable	26,088	28,094
Mortgages and notes receivable	11,084	4,795
Accrued straight-line rents receivable	315,068	310,649
Investments in and advances to unconsolidated affiliates	482,693	343,241
Deferred leasing costs, net of accumulated amortization of $172,702 and $175,697, respectively	213,409	225,924
Prepaid expenses and other assets, net of accumulated depreciation of $19,596 and $22,142, respectively	74,827	65,125
Total Assets	6,027,910	6,002,928
Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	3,295,521	3,213,206
Accounts payable, accrued expenses and other liabilities	295,191	302,180
Total Liabilities	3,590,712	3,515,386
Commitments and contingencies
Capital:
Accumulated other comprehensive loss	(2,184)	(1,997)
Noncontrolling interests in consolidated affiliates	4,410	4,725
Total Equity/Capital	2,365,104	2,438,022
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	6,027,910	6,002,928
Highwoods Realty Limited Partnership
Real estate assets, at cost:
Land	533,361	540,050
Buildings and tenant improvements	5,939,774	5,960,895
Development in-process	0	8,918
Land held for development	221,548	227,058
Total real estate assets	6,694,683	6,736,921
Less-accumulated depreciation	(1,823,875)	(1,743,390)
Net real estate assets	4,870,808	4,993,531
Cash and cash equivalents	23,650	25,123
Restricted cash	10,283	6,446
Accounts receivable	26,088	28,094
Mortgages and notes receivable	11,084	4,795
Accrued straight-line rents receivable	315,068	310,649
Investments in and advances to unconsolidated affiliates	482,693	343,241
Deferred leasing costs, net of accumulated amortization of $172,702 and $175,697, respectively	213,409	225,924
Prepaid expenses and other assets, net of accumulated depreciation of $19,596 and $22,142, respectively	74,827	65,125
Total Assets	6,027,910	6,002,928
Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	3,295,521	3,213,206
Accounts payable, accrued expenses and other liabilities	295,191	302,180
Total Liabilities	3,590,712	3,515,386
Commitments and contingencies
Redeemable Operating Partnership Units:
Common Units, 2,151,423 and 2,156,808 outstanding, respectively	72,094	49,520
Series A Preferred Units (liquidation preference $1,000 per unit), 28,811 units issued and outstanding	28,811	28,811
Total Redeemable Operating Partnership Units	100,905	78,331
Capital:
General partner Common Units, 1,077,630 and 1,074,583 outstanding, respectively	23,340	24,064
Limited partner Common Units, 104,533,987 and 104,226,923 outstanding, respectively	2,310,727	2,382,419
Accumulated other comprehensive loss	(2,184)	(1,997)
Noncontrolling interests in consolidated affiliates	4,410	4,725
Total Equity/Capital	2,336,293	2,409,211
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	$ 6,027,910	$ 6,002,928

HRLP - Consolidated Balance S_2

HRLP - Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Deferred leasing costs, accumulated amortization	$ 172,702	$ 175,697
Prepaid expenses and other assets, accumulated depreciation	19,596	22,142
Highwoods Realty Limited Partnership
Assets:
Deferred leasing costs, accumulated amortization	172,702	175,697
Prepaid expenses and other assets, accumulated depreciation	$ 19,596	$ 22,142
Redeemable Operating Partnership Units: [Abstract]
Redeemable Common Units outstanding (in shares)	2,151,423	2,156,808
Series A Preferred Units, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Series A Preferred Units, issued (in shares)	28,811	28,811
Series A Preferred Units, outstanding (in shares)	28,811	28,811
Common Units: [Abstract]
General partners' capital account, units outstanding (in shares)	1,077,630	1,074,583
Limited partners' capital account, units outstanding (in shares)	104,533,987	104,226,923

HPI - Consolidated Statements o

HPI - Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Rental and other revenues	$ 204,323	$ 207,095	$ 620,336	$ 627,138
Operating expenses:
Rental property and other expenses	65,706	67,193	200,700	199,231
Depreciation and amortization	79,116	74,765	226,532	220,416
General and administrative	9,898	8,873	31,754	30,668
Total operating expenses	154,720	150,831	458,986	450,315
Interest expense	37,472	34,247	109,928	101,408
Other income	1,872	754	10,559	3,082
Gains on disposition of property	350	0	42,581	19,818
Gain on deconsolidation of affiliate	0	0	0	11,778
Equity in earnings of unconsolidated affiliates	1,116	400	2,890	1,902
Net income	15,469	23,171	107,452	111,995
Net (income) attributable to noncontrolling interests in the Operating Partnership	(297)	(453)	(2,111)	(2,386)
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Dividends on Preferred Stock	(622)	(622)	(1,864)	(1,864)
Net income available for common stockholders	$ 14,558	$ 22,101	$ 103,492	$ 108,233
Earnings per Common Share – basic:
Net income available for common stockholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Weighted average Common Shares outstanding - basic (in shares)	106,010	105,671	105,937	105,473
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Weighted average Common Shares outstanding - diluted (in shares)	108,161	107,832	108,089	107,762

HRLP - Consolidated Statements

HRLP - Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Rental and other revenues	$ 204,323	$ 207,095	$ 620,336	$ 627,138
Operating expenses:
Rental property and other expenses	65,706	67,193	200,700	199,231
Depreciation and amortization	79,116	74,765	226,532	220,416
General and administrative	9,898	8,873	31,754	30,668
Total operating expenses	154,720	150,831	458,986	450,315
Interest expense	37,472	34,247	109,928	101,408
Other income	1,872	754	10,559	3,082
Gains on disposition of property	350	0	42,581	19,818
Gain on deconsolidation of affiliate	0	0	0	11,778
Equity in earnings of unconsolidated affiliates	1,116	400	2,890	1,902
Net income	15,469	23,171	107,452	111,995
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Highwoods Realty Limited Partnership
Rental and other revenues	204,323	207,095	620,336	627,138
Operating expenses:
Rental property and other expenses	65,706	67,193	200,700	199,231
Depreciation and amortization	79,116	74,765	226,532	220,416
General and administrative	9,898	8,873	31,754	30,668
Total operating expenses	154,720	150,831	458,986	450,315
Interest expense	37,472	34,247	109,928	101,408
Other income	1,872	754	10,559	3,082
Gains on disposition of property	350	0	42,581	19,818
Gain on deconsolidation of affiliate	0	0	0	11,778
Equity in earnings of unconsolidated affiliates	1,116	400	2,890	1,902
Net income	15,469	23,171	107,452	111,995
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Distributions on Preferred Units	(622)	(622)	(1,864)	(1,864)
Net income available for common unitholders	$ 14,855	$ 22,554	$ 105,603	$ 110,619
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Weighted average Common Units outstanding - basic (in shares)	107,752	107,423	107,680	107,353
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Weighted average Common Units outstanding - diluted (in shares)	107,752	107,423	107,680	107,353

HPI - Consolidated Statements_2

HPI - Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Comprehensive income:
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Other comprehensive loss:
Amortization of cash flow hedges	(63)	(74)	(187)	(223)
Total other comprehensive loss	(63)	(74)	(187)	(223)
Total comprehensive income	15,406	23,097	107,265	111,772
Less-comprehensive (income) attributable to noncontrolling interests	(289)	(448)	(2,096)	(1,898)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	$ 15,117	$ 22,649	$ 105,169	$ 109,874

HRLP - Consolidated Statement_2

HRLP - Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Comprehensive income:
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Other comprehensive loss:
Amortization of cash flow hedges	(63)	(74)	(187)	(223)
Other comprehensive loss	(63)	(74)	(187)	(223)
Total comprehensive income	15,406	23,097	107,265	111,772
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates	(289)	(448)	(2,096)	(1,898)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	15,117	22,649	105,169	109,874
Highwoods Realty Limited Partnership
Comprehensive income:
Net income	15,469	23,171	107,452	111,995
Other comprehensive loss:
Amortization of cash flow hedges	(63)	(74)	(187)	(223)
Other comprehensive loss	(63)	(74)	(187)	(223)
Total comprehensive income	15,406	23,097	107,265	111,772
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	$ 15,414	$ 23,102	$ 107,280	$ 112,260

HPI - Consolidated Statements_3

HPI - Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Highwoods Realty Limited Partnership	Highwoods Realty Limited Partnership General Partners' Common Units [Member]	Highwoods Realty Limited Partnership Limited Partners' Common Units [Member]	Highwoods Realty Limited Partnership Accumulated Other Comprehensive Income (Loss) [Member]	Highwoods Realty Limited Partnership Noncontrolling Interests in Consolidated Affiliates [Member]	Common Stock [Member]	Series A Cumulative Redeemable Preferred Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests in Consolidated Affiliates [Member]	Distributions in Excess of Net Income Available for Common Stockholders [Member]
Balance (in shares) at Dec. 31, 2022							105,210,858
Balance at Dec. 31, 2022	$ 2,499,000	$ 2,470,179	$ 24,492	$ 2,424,663	$ (1,211)	$ 22,235	$ 1,052	$ 28,821	$ 3,081,330	$ (1,211)	$ 22,235	$ (633,227)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Stock, net of issuance costs and tax withholdings - shares							10,010
Issuances of Common Stock, net of issuance costs and tax withholdings	(202)						$ 2		(204)
Conversions of Common Units to Common Stock - Shares							193,907
Conversions of Common Units to Common Stock	4,795								4,795
Dividends on Common Stock	(158,177)											(158,177)
Dividends on Preferred Stock	(1,864)											(1,864)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	15,521								15,521
Issuances of restricted stock - shares							282,453
Issuances of restricted stock	0
Redemptions/repurchases of Preferred Stock	(10)							(10)
Share-based compensation expense, net of forfeitures - shares							(3,967)
Share-based compensation expense, net of forfeitures	6,154	6,154	62	6,092			$ 3		6,151
Net (income) attributable to noncontrolling interests in the Operating Partnership	(2,386)											(2,386)
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	5	483		(488)					(488)	488
Deconsolidation of affiliate	(17,281)					(17,281)					(17,281)
Comprehensive income:
Net income	111,995	111,995	1,120	110,875								111,995
Other comprehensive loss	(223)	(223)			(223)					(223)
Total comprehensive income	111,772	111,772
Balance (in shares) at Sep. 30, 2023							105,693,261
Balance at Sep. 30, 2023	2,457,322	2,428,511	24,255	2,401,224	(1,434)	4,466	$ 1,057	28,811	3,107,593	(1,434)	4,466	(683,171)
Balance (in shares) at Dec. 31, 2022							105,210,858
Balance at Dec. 31, 2022	$ 2,499,000	2,470,179	24,492	2,424,663	(1,211)	22,235	$ 1,052	28,821	3,081,330	(1,211)	22,235	(633,227)
Balance (in shares) at Dec. 31, 2023	105,710,315						105,710,315
Balance at Dec. 31, 2023	$ 2,438,022	2,409,211	24,064	2,382,419	(1,997)	4,725	$ 1,057	28,811	3,103,446	(1,997)	4,725	(698,020)
Balance (in shares) at Jun. 30, 2023							105,472,213
Balance at Jun. 30, 2023	2,475,813	2,447,002	24,439	2,419,452	(1,360)	4,471	$ 1,055	28,811	3,095,272	(1,360)	4,471	(652,436)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Stock, net of issuance costs and tax withholdings - shares							17,521
Issuances of Common Stock, net of issuance costs and tax withholdings	361						$ 2		359
Conversions of Common Units to Common Stock - Shares							193,907
Conversions of Common Units to Common Stock	4,795								4,795
Dividends on Common Stock	(52,836)											(52,836)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	6,334								6,334
Issuances of restricted stock - shares							9,620
Issuances of restricted stock	0
Share-based compensation expense, net of forfeitures - shares							0
Share-based compensation expense, net of forfeitures	833	833	9	824					833
Net (income) attributable to noncontrolling interests in the Operating Partnership	(453)											(453)
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	5		(5)					(5)	5
Comprehensive income:
Net income	23,171	23,171	232	22,939								23,171
Other comprehensive loss	(74)	(74)			(74)					(74)
Total comprehensive income	23,097	23,097
Balance (in shares) at Sep. 30, 2023							105,693,261
Balance at Sep. 30, 2023	$ 2,457,322	2,428,511	24,255	2,401,224	(1,434)	4,466	$ 1,057	28,811	3,107,593	(1,434)	4,466	(683,171)
Balance (in shares) at Dec. 31, 2023	105,710,315						105,710,315
Balance at Dec. 31, 2023	$ 2,438,022	2,409,211	24,064	2,382,419	(1,997)	4,725	$ 1,057	28,811	3,103,446	(1,997)	4,725	(698,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Stock, net of issuance costs and tax withholdings - shares							(19,806)
Issuances of Common Stock, net of issuance costs and tax withholdings	(343)						$ 0		(343)
Conversions of Common Units to Common Stock - Shares							5,385
Conversions of Common Units to Common Stock	132								132
Dividends on Common Stock	(158,876)											(158,876)
Dividends on Preferred Stock	(1,864)											(1,864)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(23,822)								(23,822)
Distributions to noncontrolling interests in consolidated affiliates	(300)	(300)				(300)					(300)
Issuances of restricted stock - shares							324,532
Issuances of restricted stock	0
Share-based compensation expense, net of forfeitures - shares							0
Share-based compensation expense, net of forfeitures	7,001	7,001	70	6,931			$ 3		6,998
Net (income) attributable to noncontrolling interests in the Operating Partnership	(2,111)											(2,111)
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	15		(15)					(15)	15
Comprehensive income:
Net income	107,452	107,452	1,075	106,377								107,452
Other comprehensive loss	(187)	(187)			(187)					(187)
Total comprehensive income	$ 107,265	107,265
Balance (in shares) at Sep. 30, 2024	106,020,426						106,020,426
Balance at Sep. 30, 2024	$ 2,365,104	2,336,293	23,340	2,310,727	(2,184)	4,410	$ 1,060	28,811	3,086,411	(2,184)	4,410	(753,404)
Balance (in shares) at Jun. 30, 2024							106,010,262
Balance at Jun. 30, 2024	2,418,793	2,389,982	23,875	2,363,610	(2,121)	4,618	$ 1,060	28,811	3,101,381	(2,121)	4,618	(714,956)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Stock, net of issuance costs and tax withholdings - shares							10,164
Issuances of Common Stock, net of issuance costs and tax withholdings	342						$ 0		342
Dividends on Common Stock	(53,006)											(53,006)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(16,355)								(16,355)
Distributions to noncontrolling interests in consolidated affiliates	(200)	(200)				(200)					(200)
Share-based compensation expense, net of forfeitures - shares							0
Share-based compensation expense, net of forfeitures	1,043	1,043	10	1,033			$ 0		1,043
Net (income) attributable to noncontrolling interests in the Operating Partnership	(297)											(297)
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	8		(8)					(8)	8
Comprehensive income:
Net income	15,469	15,469	155	15,314								15,469
Other comprehensive loss	(63)	(63)			(63)					(63)
Total comprehensive income	$ 15,406	15,406
Balance (in shares) at Sep. 30, 2024	106,020,426						106,020,426
Balance at Sep. 30, 2024	$ 2,365,104	$ 2,336,293	$ 23,340	$ 2,310,727	$ (2,184)	$ 4,410	$ 1,060	$ 28,811	$ 3,086,411	$ (2,184)	$ 4,410	$ (753,404)

HPI - Consolidated Statements_4

HPI - Consolidated Statements of Equity (Parentheticals) - Highwoods Properties, Inc. [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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

HRLP - Consolidated Statement_3

HRLP - Consolidated Statements of Capital - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	$ 2,418,793	$ 2,475,813	$ 2,438,022	$ 2,499,000
Share-based compensation expense, net of forfeitures	1,043	833	7,001	6,154
Distributions to noncontrolling interests in consolidated affiliates	(200)		(300)
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	0
Deconsolidation of affiliate				(17,281)
Comprehensive income:
Net income	15,469	23,171	107,452	111,995
Other comprehensive loss	(63)	(74)	(187)	(223)
Total comprehensive income	15,406	23,097	107,265	111,772
Balance	2,365,104	2,457,322	2,365,104	2,457,322
Highwoods Realty Limited Partnership
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	2,389,982	2,447,002	2,409,211	2,470,179
Issuances of Common Units, net of issuance costs and tax withholdings	342	361	(343)	(202)
Redemption of Common Units				(163)
Distributions on Common Units	(53,877)	(53,709)	(161,489)	(160,995)
Distributions on Preferred Units	(622)	(622)	(1,864)	(1,864)
Share-based compensation expense, net of forfeitures	1,043	833	7,001	6,154
Distributions to noncontrolling interests in consolidated affiliates	(200)		(300)
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner	(15,781)	11,549	(23,188)	20,911
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	0
Comprehensive income:
Net income	15,469	23,171	107,452	111,995
Other comprehensive loss	(63)	(74)	(187)	(223)
Total comprehensive income	15,406	23,097	107,265	111,772
Balance	2,336,293	2,428,511	2,336,293	2,428,511
General Partners' Common Units [Member] \| Highwoods Realty Limited Partnership
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	23,875	24,439	24,064	24,492
Issuances of Common Units, net of issuance costs and tax withholdings	4	4	(3)	(2)
Redemption of Common Units				(2)
Distributions on Common Units	(539)	(537)	(1,615)	(1,610)
Distributions on Preferred Units	(7)	(7)	(19)	(19)
Share-based compensation expense, net of forfeitures	10	9	70	62
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner	(158)	115	(232)	209
Net loss attributable to noncontrolling interests in consolidated affiliates	0	0	0	5
Comprehensive income:
Net income	155	232	1,075	1,120
Balance	23,340	24,255	23,340	24,255
Limited Partners' Common Units [Member] \| Highwoods Realty Limited Partnership
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	2,363,610	2,419,452	2,382,419	2,424,663
Issuances of Common Units, net of issuance costs and tax withholdings	338	357	(340)	(200)
Redemption of Common Units				(161)
Distributions on Common Units	(53,338)	(53,172)	(159,874)	(159,385)
Distributions on Preferred Units	(615)	(615)	(1,845)	(1,845)
Share-based compensation expense, net of forfeitures	1,033	824	6,931	6,092
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner	(15,623)	11,434	(22,956)	20,702
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	483
Comprehensive income:
Net income	15,314	22,939	106,377	110,875
Balance	2,310,727	2,401,224	2,310,727	2,401,224
Accumulated Other Comprehensive Income (Loss) [Member] \| Highwoods Realty Limited Partnership
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	(2,121)	(1,360)	(1,997)	(1,211)
Comprehensive income:
Other comprehensive loss	(63)	(74)	(187)	(223)
Balance	(2,184)	(1,434)	(2,184)	(1,434)
Noncontrolling Interests in Consolidated Affiliates [Member] \| Highwoods Realty Limited Partnership
Increase (Decrease) in Partners' Capital [Roll Forward]
Balance	4,618	4,471	4,725	22,235
Distributions to noncontrolling interests in consolidated affiliates	(200)		(300)
Net loss attributable to noncontrolling interests in consolidated affiliates	(8)	(5)	(15)	(488)
Deconsolidation of affiliate				(17,281)
Comprehensive income:
Balance	$ 4,410	$ 4,466	$ 4,410	$ 4,466

HRLP - Consolidated Statement_4

HRLP - Consolidated Statements of Capital (Parentheticals) - Highwoods Realty Limited Partnership - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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

HPI - Consolidated Statements_5

HPI - Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income		$ 107,452	$ 111,995
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		226,532	220,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities		866	712
Share-based compensation expense		7,001	6,154
Net credit losses on operating lease receivables		1,831	1,850
Accrued interest on mortgages and notes receivable		(321)	(750)
Amortization of debt issuance costs		4,214	3,645
Amortization of cash flow hedges		(187)	(223)
Amortization of mortgages and notes payable fair value adjustments		84	(257)
Losses on debt extinguishment		173	0
Net gains on disposition of property		(42,581)	(19,818)
Gain on deconsolidation of affiliate		0	(11,778)
Equity in earnings of unconsolidated affiliates		(2,890)	(1,902)
Distributions of earnings from unconsolidated affiliates		4,282	1,153
Changes in operating assets and liabilities:
Accounts receivable		1,162	1,182
Prepaid expenses and other assets		(961)	(4,376)
Accrued straight-line rents receivable		(7,735)	(20,196)
Accounts payable, accrued expenses and other liabilities		936	(3,636)
Net cash provided by operating activities		299,858	284,171
Investing activities:
Investments in acquired real estate and related intangible assets, net of cash acquired		0	(18,544)
Investments in development in-process		(4,149)	(26,179)
Investments in tenant improvements and deferred leasing costs		(102,791)	(68,625)
Investments in building improvements		(27,827)	(55,155)
Net proceeds from disposition of real estate assets		81,659	51,538
Distributions of capital from unconsolidated affiliates		6,254	3,864
Investments in mortgages and notes receivable		(6,229)	(9,763)
Repayments of mortgages and notes receivable		47	200
Investments in and advances to unconsolidated affiliates		(147,452)	(100,052)
Repayments of preferred equity from unconsolidated affiliates		0	80,000
Changes in earnest money deposits		0	15,500
Changes in other investing activities		(4,475)	(3,751)
Net cash used in investing activities		(204,963)	(130,967)
Financing activities:
Dividends on Common Stock		(158,876)	(158,177)
Redemptions/repurchases of Preferred Stock		0	(10)
Redemptions of Common Units		0	(163)
Dividends on Preferred Stock		(1,864)	(1,864)
Distributions to noncontrolling interests in the Operating Partnership		(3,227)	(3,432)
Payments of Distributions to Affiliates		(300)	0
Proceeds from the issuance of Common Stock		1,094	1,349
Costs paid for the issuance of Common Stock		0	(226)
Repurchase of shares related to tax withholdings		(1,437)	(1,325)
Borrowings on revolving credit facility		228,000	219,000
Repayments of revolving credit facility		(143,000)	(400,000)
Borrowings on mortgages and notes payable		0	200,000
Repayments of mortgages and notes payable		(5,238)	(5,018)
Payments for debt issuance costs and other financing activities		(7,683)	(2,347)
Net cash used in financing activities		(92,531)	(152,213)
Net increase in cash and cash equivalents and restricted cash		2,364	991
Cash from deconsolidation of controlling interest in affiliate		0	(6,386)
Cash and cash equivalents and restricted cash at beginning of the period		31,569	26,105
Cash and cash equivalents and restricted cash at end of the period		33,933	20,710
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents at end of the period		23,650	16,901
Restricted cash at end of the period		10,283	3,809
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized		112,667	105,342
Supplemental disclosure of non-cash investing and financing activities:
Conversions of Common Units to Common Stock		132	4,795
Changes in accrued capital expenditures	[1]	(4,273)	17,275
Write-off of fully depreciated real estate assets		79,956	54,489
Write-off of fully amortized leasing costs		37,032	25,605
Write-off of fully amortized debt issuance costs		4,083	0
Adjustment of noncontrolling interests in the Operating Partnership to fair value		23,822	(15,521)
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities		$ 51,300	$ 70,700

[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2024 and 2023 were $51.3 million and $70.7 million, respectively.

HRLP - Consolidated Statement_5

HRLP - Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income		$ 107,452	$ 111,995
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		226,532	220,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities		866	712
Share-based compensation expense		7,001	6,154
Net credit losses on operating lease receivables		1,831	1,850
Accrued interest on mortgages and notes receivable		(321)	(750)
Amortization of debt issuance costs		4,214	3,645
Amortization of cash flow hedges		(187)	(223)
Amortization of mortgages and notes payable fair value adjustments		84	(257)
Losses on debt extinguishment		173	0
Net gains on disposition of property		(42,581)	(19,818)
Gain on deconsolidation of affiliate		0	(11,778)
Equity in earnings of unconsolidated affiliates		(2,890)	(1,902)
Distributions of earnings from unconsolidated affiliates		4,282	1,153
Changes in operating assets and liabilities:
Accounts receivable		1,162	1,182
Prepaid expenses and other assets		(961)	(4,376)
Accrued straight-line rents receivable		(7,735)	(20,196)
Accounts payable, accrued expenses and other liabilities		936	(3,636)
Net cash provided by operating activities		299,858	284,171
Investing activities:
Investments in acquired real estate and related intangible assets, net of cash acquired		0	(18,544)
Investments in development in-process		(4,149)	(26,179)
Investments in tenant improvements and deferred leasing costs		(102,791)	(68,625)
Investments in building improvements		(27,827)	(55,155)
Net proceeds from disposition of real estate assets		81,659	51,538
Distributions of capital from unconsolidated affiliates		6,254	3,864
Investments in mortgages and notes receivable		(6,229)	(9,763)
Repayments of mortgages and notes receivable		47	200
Investments in and advances to unconsolidated affiliates		(147,452)	(100,052)
Repayments of preferred equity from unconsolidated affiliates		0	80,000
Changes in earnest money deposits		0	15,500
Changes in other investing activities		(4,475)	(3,751)
Net cash used in investing activities		(204,963)	(130,967)
Financing activities:
Redemptions of Common Units		0	(163)
Payments of Distributions to Affiliates		(300)	0
Borrowings on revolving credit facility		228,000	219,000
Repayments of revolving credit facility		(143,000)	(400,000)
Borrowings on mortgages and notes payable		0	200,000
Repayments of mortgages and notes payable		(5,238)	(5,018)
Payments for debt issuance costs and other financing activities		(7,683)	(2,347)
Net cash used in financing activities		(92,531)	(152,213)
Net increase in cash and cash equivalents and restricted cash		2,364	991
Cash from deconsolidation of controlling interest in affiliate		0	(6,386)
Cash and cash equivalents and restricted cash at beginning of the period		31,569	26,105
Cash and cash equivalents and restricted cash at end of the period		33,933	20,710
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents at end of the period		23,650	16,901
Restricted cash at end of the period		10,283	3,809
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized		112,667	105,342
Supplemental disclosure of non-cash investing and financing activities:
Changes in accrued capital expenditures	[1]	(4,273)	17,275
Write-off of fully depreciated real estate assets		79,956	54,489
Write-off of fully amortized leasing costs		37,032	25,605
Write-off of fully amortized debt issuance costs		4,083	0
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities		51,300	70,700
Highwoods Realty Limited Partnership
Operating activities:
Net income		107,452	111,995
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		226,532	220,416
Amortization of lease incentives and acquisition-related intangible assets and liabilities		866	712
Share-based compensation expense		7,001	6,154
Net credit losses on operating lease receivables		1,831	1,850
Accrued interest on mortgages and notes receivable		(321)	(750)
Amortization of debt issuance costs		4,214	3,645
Amortization of cash flow hedges		(187)	(223)
Amortization of mortgages and notes payable fair value adjustments		84	(257)
Losses on debt extinguishment		173	0
Net gains on disposition of property		(42,581)	(19,818)
Gain on deconsolidation of affiliate		0	(11,778)
Equity in earnings of unconsolidated affiliates		(2,890)	(1,902)
Distributions of earnings from unconsolidated affiliates		4,282	1,153
Changes in operating assets and liabilities:
Accounts receivable		1,162	1,182
Prepaid expenses and other assets		(961)	(4,376)
Accrued straight-line rents receivable		(7,735)	(20,196)
Accounts payable, accrued expenses and other liabilities		936	(3,636)
Net cash provided by operating activities		299,858	284,171
Investing activities:
Investments in acquired real estate and related intangible assets, net of cash acquired		0	(18,544)
Investments in development in-process		(4,149)	(26,179)
Investments in tenant improvements and deferred leasing costs		(102,791)	(68,625)
Investments in building improvements		(27,827)	(55,155)
Net proceeds from disposition of real estate assets		81,659	51,538
Distributions of capital from unconsolidated affiliates		6,254	3,864
Investments in mortgages and notes receivable		(6,229)	(9,763)
Repayments of mortgages and notes receivable		47	200
Investments in and advances to unconsolidated affiliates		(147,452)	(100,052)
Repayments of preferred equity from unconsolidated affiliates		0	80,000
Changes in earnest money deposits		0	15,500
Changes in other investing activities		(4,475)	(3,751)
Net cash used in investing activities		(204,963)	(130,967)
Financing activities:
Distributions on Common Units		(161,489)	(160,995)
Redemptions/repurchases of Preferred Units		0	(10)
Redemptions of Common Units		0	(163)
Dividends on Preferred Units		(1,864)	(1,864)
Payments of Distributions to Affiliates		(300)	0
Proceeds from the issuance of Common Units		1,094	1,349
Costs paid for the issuance of Common Units		0	(226)
Repurchase of units related to tax withholdings		(1,437)	(1,325)
Borrowings on revolving credit facility		228,000	219,000
Repayments of revolving credit facility		(143,000)	(400,000)
Borrowings on mortgages and notes payable		0	200,000
Repayments of mortgages and notes payable		(5,238)	(5,018)
Payments for debt issuance costs and other financing activities		(8,297)	(2,961)
Net cash used in financing activities		(92,531)	(152,213)
Net increase in cash and cash equivalents and restricted cash		2,364	991
Cash from deconsolidation of controlling interest in affiliate		0	(6,386)
Cash and cash equivalents and restricted cash at beginning of the period		31,569	26,105
Cash and cash equivalents and restricted cash at end of the period		33,933	20,710
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents at end of the period		23,650	16,901
Restricted cash at end of the period		10,283	3,809
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized		112,667	105,342
Supplemental disclosure of non-cash investing and financing activities:
Changes in accrued capital expenditures	[1]	(4,273)	17,275
Write-off of fully depreciated real estate assets		79,956	54,489
Write-off of fully amortized leasing costs		37,032	25,605
Write-off of fully amortized debt issuance costs		4,083	0
Adjustment of Redeemable Common Units to fair value		22,574	(21,525)
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities		$ 51,300	$ 70,700

[1] Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities as of September 30, 2024 and 2023 were $51.3 million and $70.7 million, respectively.

Description of Business and Sig

Description of Business and Significant Accounting Policies	9 Months Ended
Description of Business and Significant Accounting Policies	Sep. 30, 2024
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, 2024, we owned or had an interest in 28.0 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build out. Capital Structure The Company is the sole general partner of the Operating Partnership. As of September 30, 2024, the Company owned all of the Preferred Units and 105.6 million, or 98.0%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.2 million Common Units. During the nine months ended September 30, 2024, the Company redeemed 5,385 Common Units for a like number of shares of Common Stock. During 2023, we entered into separate equity distribution agreements in which the Company may offer and sell up to $300.0 million in aggregate gross sales price of shares of Common Stock. During each of the three and nine months ended September 30, 2024, the Company issued no shares of Common Stock under its equity distribution agreements. 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, 2024, we are involved with six entities we determined to be variable interest entities, one of which we are the primary beneficiary and is consolidated and five of which we are not the primary beneficiary and are not consolidated. All intercompany transactions and accounts have been eliminated. In the opinion of management, the unaudited interim Consolidated Financial Statements and accompanying unaudited consolidated financial information contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2023 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, 2024, 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 provides temporary optional expedients and exceptions to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). These optional expedients and exceptions provide guidance on contract modifications and hedge accounting. We have completed the transition to SOFR rates for our outstanding debt instruments with no material impact to our Consolidated Financial Statements. The FASB issued an ASU that will require enhanced segment disclosures, primarily regarding significant segment expenses. The ASU is required to be adopted in our 2024 Annual Report and applied retrospectively to all prior periods presented in the financial statements. We do not expect such adoption to have a material effect on our Notes to Consolidated Financial Statements.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2024
Leases [Abstract]
Leases	Leases Operating Leases We generally lease our office properties to lessees in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance. Office properties that are under lease are primarily located in Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa and are leased to a wide variety of lessees across many industries. Our leases are operating leases and mostly range from three

Investments in and Advances to

Investments in and Advances to Affiliates	9 Months Ended
Investments in and Advances to Affiliates	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments in and Advances to Affiliates	Investments in and Advances to Affiliates Unconsolidated Affiliates - Granite Park Six JV, LLC/ GPI 23 Springs JV, LLC (“Granite Park Six joint venture”/“23Springs joint venture”) During 2022, we entered the Dallas market through the formation of two joint ventures with Granite Properties (“Granite”) to develop Granite Park Six and 23Springs. We own a 50.0% interest in each of these two joint ventures. We determined that we have a variable interest in both the Granite Park Six and 23Springs joint ventures primarily because the entities were designed to pass along interest rate risk, equity price risk and operation risk to us and Granite as equity holders. The joint ventures were further determined to be variable interest entities as they require additional subordinated financial support in the form of loans because the initial equity investments provided by us and Granite were not sufficient to finance the planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of either entity and therefore do not qualify as the primary beneficiary. Accordingly, the entities are not consolidated. During the third quarter of 2024, the Granite Park Six joint venture paid down the outstanding $70.9 million balance with respect to a $115.0 million construction loan obtained in 2022. The loan, which matures in January 2026, has an interest rate of SOFR plus 394 basis points. In connection with this loan paydown, we and Granite each contributed $35.5 million to the joint venture. This reconsideration event did not change our initial conclusion that the Granite Park Six joint venture is a variable interest entity of which we are not the primary beneficiary. As such, the entity remains unconsolidated. As of September 30, 2024, our risk of loss with respect to these arrangements was limited to the carrying value of each investment balance. Our investment balances were $76.9 million and $100.3 million as of September 30, 2024 for the Granite Park Six and 23Springs joint ventures, respectively. The assets of the Granite Park Six and 23Springs joint ventures can be used only to settle obligations of the respective joint venture, and their creditors have no recourse to our wholly owned assets. - M+O JV, LLC (“McKinney & Olive joint venture”) During 2022, we expanded our Dallas market presence by acquiring McKinney & Olive through the formation of another joint venture with Granite in which we own a 50.0% interest. We determined that we have a variable interest in the McKinney & Olive joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us and Granite as equity holders. The McKinney & Olive joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments by us and Granite, including the additional preferred equity provided by us that was subsequently redeemed in full during 2023, were not sufficient to finance its planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated. During the third quarter of 2024, the McKinney & Olive joint venture paid off at maturity the remaining $134.3 million balance on a secured mortgage loan with a stated interest rate of 4.5% and an effective interest rate of 5.3%. In connection with this loan payoff, we and Granite each contributed $62.1 million to the joint venture. This reconsideration event did not change our initial conclusion that the McKinney & Olive joint venture is a variable interest entity of which we are not the primary beneficiary. As such, the entity remains unconsolidated. As of September 30, 2024, our risk of loss with respect to this arrangement was limited to the carrying value of our investment balance of $184.3 million. The assets of the McKinney & Olive joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets. - Midtown East Tampa, LLC (“Midtown East joint venture”) During 2022, we formed the Midtown East joint venture in Tampa with The Bromley Companies (“Bromley”). We own a 50.0% interest in this joint venture. We determined that we have a variable interest in the Midtown East joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and equity holder and to Bromley as an equity holder. The Midtown East joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Bromley were not sufficient to finance its planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated. As of September 30, 2024, our risk of loss with respect to this arrangement was $31.9 million, which consists of the $14.0 million carrying value of our investment balance plus the $17.9 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the Midtown East joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets. - Brand/HRLP 2827 Peachtree LLC (“2827 Peachtree joint venture”) During 2021, we formed the 2827 Peachtree joint venture in Atlanta with Brand Properties, LLC (“Brand”). We own a 50.0% interest in this joint venture. We determined that we have a variable interest in the 2827 Peachtree joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and equity holder and to Brand as an equity holder. The 2827 Peachtree joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Brand were not sufficient to finance its planned investments and operations. We concluded that we do not have the power to direct matters that most significantly impact the activities of the entity and therefore do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated. As of September 30, 2024, our risk of loss with respect to this arrangement was $60.8 million, which consists of the $12.9 million carrying value of our investment balance plus the $47.9 million outstanding balance of the loan we have provided to the joint venture. The outstanding balance on the loan is recorded in investments in and advances to unconsolidated affiliates on our Consolidated Balance Sheets. The assets of the 2827 Peachtree joint venture can be used only to settle obligations of the joint venture, and its creditors have no recourse to our wholly owned assets. Consolidated Affiliate - HRLP MTW, LLC (“Midtown West joint venture”) In 2019, we formed the Midtown West joint venture in Tampa with Bromley. We own an 80.0% interest in this joint venture. We determined that we have a variable interest in the Midtown West joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us and Bromley as equity holders. The Midtown West joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investments provided by us and Bromley were not sufficient to finance its planned investments and operations. We, as the majority owner and managing member and through our control rights as set forth in the joint venture’s governance documents, were determined to be the primary beneficiary as we have both the power to direct the activities that most significantly affect the entity (primarily lease rates, property operations and capital expenditures) and significant economic exposure through our equity investment. As such, the Midtown West joint venture is consolidated and all intercompany transactions and accounts are eliminated. The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets: September 30, December 31, Net real estate assets $ 58,907 $ 60,410 Cash and cash equivalents $ 1,935 $ 1,096 Restricted cash $ — $ 2,260 Accrued straight-line rents receivable $ 5,192 $ 5,041 Deferred leasing costs, net $ 2,532 $ 2,783 Prepaid expenses and other assets, net $ 119 $ 124 Mortgages and notes payable, net $ 44,318 $ 44,192 Accounts payable, accrued expenses and other liabilities $ 1,453 $ 2,872

Real Estate Assets

Real Estate Assets	9 Months Ended
Real Estate Assets	Sep. 30, 2024
Real Estate [Abstract]
Real Estate Assets	Real Estate Assets Dispositions During the third quarter of 2024, we completed our exit from the Greensboro market by selling our last remaining land parcel for a sales price of $4.5 million and recorded a gain on disposition of property of $0.4 million. During the second quarter of 2024, we sold seven buildings in Raleigh for a sales price of $62.5 million and recorded a gain on disposition of property of $35.0 million. During the first quarter of 2024, we sold two buildings in Raleigh for an aggregate sales price of $16.9 million and recorded aggregate gains on disposition of property of $7.2 million.

Intangible Assets and Below Mar

Intangible Assets and Below Market Lease Liabilities	9 Months Ended
Intangible Assets and Below Market Lease Liabilities	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Below Market Lease Liabilities	Intangible Assets and Below Market Lease Liabilities The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization: September 30, December 31, Assets: Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 386,111 $ 401,621 Less accumulated amortization (172,702) (175,697) $ 213,409 $ 225,924 Liabilities (in accounts payable, accrued expenses and other liabilities): Acquisition-related below market lease liabilities $ 37,491 $ 50,842 Less accumulated amortization (20,449) (30,416) $ 17,042 $ 20,426 The following table sets forth amortization of intangible assets and below market lease liabilities: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) $ 11,370 $ 10,696 $ 30,999 $ 32,409 Amortization of lease incentives (in rental and other revenues) $ 643 $ 655 $ 1,886 $ 1,983 Amortization of acquisition-related intangible assets (in rental and other revenues) $ 768 $ 823 $ 2,364 $ 2,523 Amortization of acquisition-related below market lease liabilities (in rental and other revenues) $ (1,110) $ (1,260) $ (3,384) $ (3,794) The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities: Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) Amortization of Lease Incentives (in Rental and Other Revenues) Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues) Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) October 1 through December 31, 2024 $ 9,864 $ 624 $ 702 $ (856) 2025 34,339 2,194 2,210 (2,727) 2026 30,020 2,002 1,861 (2,431) 2027 26,277 1,768 1,520 (2,062) 2028 22,315 1,518 1,404 (1,648) Thereafter 65,764 4,840 4,187 (7,318) $ 188,579 $ 12,946 $ 11,884 $ (17,042) Weighted average remaining amortization periods as of September 30, 2024 (in years) 7.2 7.7 6.9 8.1

Mortgages and Notes Payable

Mortgages and Notes Payable	9 Months Ended
Mortgages and Notes Payable	Sep. 30, 2024
Debt Disclosure [Abstract]
Mortgages and Notes Payable	Mortgages and Notes Payable The following table sets forth our mortgages and notes payable: September 30, December 31, Secured indebtedness $ 714,383 $ 720,752 Unsecured indebtedness 2,596,409 2,510,193 Less-unamortized debt issuance costs (15,271) (17,739) Total mortgages and notes payable, net $ 3,295,521 $ 3,213,206 As of September 30, 2024, our secured mortgage loans were collateralized by real estate assets with an undepreciated book value of $1,243.1 million. Our $750.0 million unsecured revolving credit facility was modified during the first quarter of 2024 and is now scheduled to mature in January 2028 (but can be extended for two additional six-month periods at our option assuming no defaults have occurred). The interest rate on our revolving credit facility is SOFR plus a related spread adjustment of 10 basis points and a borrowing spread of 85 basis points, based on current credit ratings. The annual facility fee is 20 basis points. The interest rate and facility fee are based on the higher of the publicly announced ratings from Moody’s Investors Service or Standard & Poor’s Ratings Services. We incurred $7.7 million of debt issuance costs during the first quarter of 2024, which will be amortized along with certain existing unamortized debt issuance costs over the remaining term of our new revolving credit facility, and recorded $0.2 million of loss on debt extinguishment. During the second quarter of 2024, we modified the revolving credit facility to provide that the interest rate may be adjusted upward or downward by 2.5 basis points depending upon whether or not we achieve certain pre-determined sustainability goals with respect to the ongoing reduction of greenhouse gas emissions. There was $105.0 million and $98.0 million outstanding under our revolving credit facility as of September 30, 2024 and October 15, 2024, respectively. As of both September 30, 2024 and October 15, 2024, we had $0.1 million of outstanding letters of credit, which reduce the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility as of September 30, 2024 and October 15, 2024 was $644.9 million and $651.9 million, respectively. We are currently in compliance with financial covenants with respect to our consolidated debt. We have considered our short-term liquidity needs within one year from October 22, 2024 (the date of issuance of the quarterly financial statements) and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. Importantly, we have no scheduled debt maturities during such one-year period. We have concluded it is probable we will meet these short-term liquidity requirements through a combination of the following: • available cash and cash equivalents; • cash flows from operating activities; • issuance of debt securities by the Operating Partnership; • issuance of secured debt; • bank term loans; • borrowings under our revolving credit facility; • issuance of equity securities by the Company or the Operating Partnership; and • the disposition of non-core assets.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
Noncontrolling Interests	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Noncontrolling Interests in Consolidated Affiliates As of September 30, 2024, our noncontrolling interest in consolidated affiliates relates to our joint venture partner's 20.0% interest in the Midtown West joint venture. Our joint venture partner is an unrelated third party. Noncontrolling Interests in the Operating Partnership The following table sets forth the Company’s noncontrolling interests in the Operating Partnership: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Beginning noncontrolling interests in the Operating Partnership $ 56,518 $ 56,206 $ 49,520 $ 65,977 Adjustment of noncontrolling interests in the Operating Partnership to fair value 16,355 (6,334) 23,822 (15,521) Conversions of Common Units to Common Stock — (4,795) (132) (4,795) Redemptions of Common Units — — — (163) Net income attributable to noncontrolling interests in the Operating Partnership 297 453 2,111 2,386 Distributions to noncontrolling interests in the Operating Partnership (1,076) (1,078) (3,227) (3,432) Total noncontrolling interests in the Operating Partnership $ 72,094 $ 44,452 $ 72,094 $ 44,452 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 Nine Months Ended 2024 2023 2024 2023 Net income available for common stockholders $ 14,558 $ 22,101 $ 103,492 $ 108,233 Increase in additional paid in capital from conversions of Common Units to Common Stock — 4,795 132 4,795 Redemptions of Common Units — — — 163 Change from net income available for common stockholders and transfers from noncontrolling interests $ 14,558 $ 26,896 $ 103,624 $ 113,191

Disclosure About Fair Value of

Disclosure About Fair Value of Financial Instruments	9 Months Ended
Disclosure About Fair Value of Financial Instruments	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Disclosure About Fair Value of Financial Instruments	Disclosure About Fair Value of Financial Instruments The following summarizes the levels of inputs that we use to measure fair value. Level 1. Quoted prices in active markets for identical assets or liabilities. Our Level 1 asset is our investment in marketable securities that we use to pay benefits under our non-qualified deferred compensation plan. Our Level 1 liability is our non-qualified deferred compensation obligation. The Company’s Level 1 noncontrolling interests in the Operating Partnership relate to the ownership of Common Units by various individuals and entities other than the Company. Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Our Level 2 assets include the fair value of our mortgages and notes receivable. Our Level 2 liabilities include the fair value of our mortgages and notes payable and any interest rate swaps. The fair value of mortgages and notes receivable and mortgages and notes payable is estimated by the income approach, which uses contractual cash flows and market-based interest rates to approximate the price that would be paid in an orderly transaction between market participants. The fair value of any interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments of interest rate swaps are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. In addition, credit valuation adjustments are considered in the fair values to account for potential nonperformance risk, but were concluded to not be significant inputs to the calculation for the periods presented. Level 3. Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Our Level 3 assets include any real estate assets recorded at fair value on a non-recurring basis as a result of our quarterly impairment analysis, which are valued using unobservable local and national industry market data such as comparable sales, appraisals, brokers’ opinions of value and/or the terms of definitive sales contracts. Significant increases or decreases in any valuation inputs in isolation would result in a significantly lower or higher fair value measurement. The following table sets forth our assets and liabilities and the Company’s noncontrolling interests in the Operating Partnership that are measured or disclosed at fair value within the fair value hierarchy: Level 1 Level 2 Total Quoted Prices Significant Observable Inputs Fair Value as of September 30, 2024: Assets: Mortgages and notes receivable, at fair value (1) $ 11,084 $ — $ 11,084 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,403 2,403 — Total Assets $ 13,487 $ 2,403 $ 11,084 Noncontrolling Interests in the Operating Partnership $ 72,094 $ 72,094 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 3,157,141 $ — $ 3,157,141 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,403 2,403 — Total Liabilities $ 3,159,544 $ 2,403 $ 3,157,141 Fair Value as of December 31, 2023: Assets: Mortgages and notes receivable, at fair value (1) $ 4,795 $ — $ 4,795 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,294 2,294 — Total Assets $ 7,089 $ 2,294 $ 4,795 Noncontrolling Interests in the Operating Partnership $ 49,520 $ 49,520 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,927,330 $ — $ 2,927,330 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,294 2,294 — Total Liabilities $ 2,929,624 $ 2,294 $ 2,927,330 __________

Share-Based Payments

Share-Based Payments	9 Months Ended
Share-Based Payments	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payments	Share-Based Payments During the nine months ended September 30, 2024, the Company granted 181,540 shares of time-based restricted stock and 142,992 shares of total return-based restricted stock with weighted average grant date fair values per share of $24.45 and $25.22, respectively. We recorded share-based compensation expense of $1.0 million and $0.8 million during the three months ended September 30, 2024 and 2023, respectively, and $7.0 million and $6.2 million during the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, there was $5.1 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.1 years.

Earnings Per Share and Per Unit

Earnings Per Share and Per Unit	9 Months Ended
Earnings Per Share and Per Unit	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Earnings per Common Share - basic: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net (income) attributable to noncontrolling interests in the Operating Partnership (297) (453) (2,111) (2,386) Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Dividends on Preferred Stock (622) (622) (1,864) (1,864) Net income available for common stockholders $ 14,558 $ 22,101 $ 103,492 $ 108,233 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 106,010 105,671 105,937 105,473 Net income available for common stockholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 Earnings per Common Share - diluted: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Dividends on Preferred Stock (622) (622) (1,864) (1,864) Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 106,010 105,671 105,937 105,473 Add: Noncontrolling interests Common Units 2,151 2,161 2,152 2,289 Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions 108,161 107,832 108,089 107,762 Net income available for common stockholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 __________ (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 Nine Months Ended 2024 2023 2024 2023 Earnings per Common Unit - basic: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Distributions on Preferred Units (622) (622) (1,864) (1,864) Net income available for common unitholders $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 107,752 107,423 107,680 107,353 Net income available for common unitholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 Earnings per Common Unit - diluted: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Distributions on Preferred Units (622) (622) (1,864) (1,864) Net income available for common unitholders $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 107,752 107,423 107,680 107,353 Net income available for common unitholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 __________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable .

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The following tables summarize rental and other revenues and net operating income for our office properties. 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. Three Months Ended Nine Months Ended 2024 2023 2024 2023 Rental and Other Revenues: Atlanta $ 36,742 $ 35,666 $ 109,799 $ 107,991 Charlotte 22,010 21,079 65,991 63,452 Nashville 40,903 42,884 126,458 130,084 Orlando 14,312 14,356 43,892 43,300 Raleigh 43,042 45,354 130,848 136,933 Richmond 8,754 8,746 26,816 27,103 Tampa 23,948 25,000 72,963 75,344 Other 14,612 14,010 43,569 42,931 Total Rental and Other Revenues $ 204,323 $ 207,095 $ 620,336 $ 627,138 Net Operating Income: Atlanta $ 22,268 $ 21,796 $ 67,950 $ 68,289 Charlotte 15,936 16,388 47,974 47,719 Nashville 30,657 31,389 92,448 95,530 Orlando 8,850 8,734 26,840 26,358 Raleigh 31,692 32,523 95,537 99,799 Richmond 5,765 5,733 18,424 18,656 Tampa 15,309 15,574 46,131 47,614 Other 8,140 7,765 24,332 23,942 Total Net Operating Income 138,617 139,902 419,636 427,907 Reconciliation to net income: Depreciation and amortization (79,116) (74,765) (226,532) (220,416) General and administrative expenses (9,898) (8,873) (31,754) (30,668) Interest expense (37,472) (34,247) (109,928) (101,408) Other income 1,872 754 10,559 3,082 Gains on disposition of property 350 — 42,581 19,818 Gain on deconsolidation of affiliate — — — 11,778 Equity in earnings of unconsolidated affiliates 1,116 400 2,890 1,902 Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 21, 2024, the Company declared a cash dividend of $0.50 per share of Common Stock, which is payable on December 10, 2024 to stockholders of record as of November 18, 2024.

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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, 2024, we are involved with six entities we determined to be variable interest entities, one of which we are the primary beneficiary and is consolidated and five of which we are not the primary beneficiary and are not consolidated. All intercompany transactions and accounts have been eliminated. In the opinion of management, the unaudited interim Consolidated Financial Statements and accompanying unaudited consolidated financial information contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2023 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
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that provides temporary optional expedients and exceptions to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). These optional expedients and exceptions provide guidance on contract modifications and hedge accounting. We have completed the transition to SOFR rates for our outstanding debt instruments with no material impact to our Consolidated Financial Statements. The FASB issued an ASU that will require enhanced segment disclosures, primarily regarding significant segment expenses. The ASU is required to be adopted in our 2024 Annual Report and applied retrospectively to all prior periods presented in the financial statements. We do not expect such adoption to have a material effect on our Notes to Consolidated Financial Statements.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
Variable Interest Entities (Tables)	Sep. 30, 2024
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The following table sets forth the assets and liabilities of the Midtown West joint venture included on our Consolidated Balance Sheets: September 30, December 31, Net real estate assets $ 58,907 $ 60,410 Cash and cash equivalents $ 1,935 $ 1,096 Restricted cash $ — $ 2,260 Accrued straight-line rents receivable $ 5,192 $ 5,041 Deferred leasing costs, net $ 2,532 $ 2,783 Prepaid expenses and other assets, net $ 119 $ 124 Mortgages and notes payable, net $ 44,318 $ 44,192 Accounts payable, accrued expenses and other liabilities $ 1,453 $ 2,872

Intangible Assets and Below M_2

Intangible Assets and Below Market Lease Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Total Intangible Assets and Below Market Lease Liabilities	The following table sets forth total intangible assets and acquisition-related below market lease liabilities, net of accumulated amortization: September 30, December 31, Assets: Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 386,111 $ 401,621 Less accumulated amortization (172,702) (175,697) $ 213,409 $ 225,924 Liabilities (in accounts payable, accrued expenses and other liabilities): Acquisition-related below market lease liabilities $ 37,491 $ 50,842 Less accumulated amortization (20,449) (30,416) $ 17,042 $ 20,426
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 Nine Months Ended 2024 2023 2024 2023 Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) $ 11,370 $ 10,696 $ 30,999 $ 32,409 Amortization of lease incentives (in rental and other revenues) $ 643 $ 655 $ 1,886 $ 1,983 Amortization of acquisition-related intangible assets (in rental and other revenues) $ 768 $ 823 $ 2,364 $ 2,523 Amortization of acquisition-related below market lease liabilities (in rental and other revenues) $ (1,110) $ (1,260) $ (3,384) $ (3,794)
Scheduled Future Amortization of Intangible Assets and Below Market Lease Liabilities	The following table sets forth scheduled future amortization of intangible assets and below market lease liabilities: Amortization of Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) Amortization of Lease Incentives (in Rental and Other Revenues) Amortization of Acquisition-Related Intangible Assets (in Rental and Other Revenues) Amortization of Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) October 1 through December 31, 2024 $ 9,864 $ 624 $ 702 $ (856) 2025 34,339 2,194 2,210 (2,727) 2026 30,020 2,002 1,861 (2,431) 2027 26,277 1,768 1,520 (2,062) 2028 22,315 1,518 1,404 (1,648) Thereafter 65,764 4,840 4,187 (7,318) $ 188,579 $ 12,946 $ 11,884 $ (17,042) Weighted average remaining amortization periods as of September 30, 2024 (in years) 7.2 7.7 6.9 8.1

Mortgages and Notes Payable (Ta

Mortgages and Notes Payable (Tables)	9 Months Ended
Mortgages and Notes Payable (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Consolidated Mortgages and Notes Payable	The following table sets forth our mortgages and notes payable: September 30, December 31, Secured indebtedness $ 714,383 $ 720,752 Unsecured indebtedness 2,596,409 2,510,193 Less-unamortized debt issuance costs (15,271) (17,739) Total mortgages and notes payable, net $ 3,295,521 $ 3,213,206

Noncontrolling Interests (Table

Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]	9 Months Ended
	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Beginning noncontrolling interests in the Operating Partnership $ 56,518 $ 56,206 $ 49,520 $ 65,977 Adjustment of noncontrolling interests in the Operating Partnership to fair value 16,355 (6,334) 23,822 (15,521) Conversions of Common Units to Common Stock — (4,795) (132) (4,795) Redemptions of Common Units — — — (163) Net income attributable to noncontrolling interests in the Operating Partnership 297 453 2,111 2,386 Distributions to noncontrolling interests in the Operating Partnership (1,076) (1,078) (3,227) (3,432) Total noncontrolling interests in the Operating Partnership $ 72,094 $ 44,452 $ 72,094 $ 44,452
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 Nine Months Ended 2024 2023 2024 2023 Net income available for common stockholders $ 14,558 $ 22,101 $ 103,492 $ 108,233 Increase in additional paid in capital from conversions of Common Units to Common Stock — 4,795 132 4,795 Redemptions of Common Units — — — 163 Change from net income available for common stockholders and transfers from noncontrolling interests $ 14,558 $ 26,896 $ 103,624 $ 113,191

Disclosure About Fair Value o_2

Disclosure About Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
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 1 Level 2 Total Quoted Prices Significant Observable Inputs Fair Value as of September 30, 2024: Assets: Mortgages and notes receivable, at fair value (1) $ 11,084 $ — $ 11,084 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,403 2,403 — Total Assets $ 13,487 $ 2,403 $ 11,084 Noncontrolling Interests in the Operating Partnership $ 72,094 $ 72,094 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 3,157,141 $ — $ 3,157,141 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,403 2,403 — Total Liabilities $ 3,159,544 $ 2,403 $ 3,157,141 Fair Value as of December 31, 2023: Assets: Mortgages and notes receivable, at fair value (1) $ 4,795 $ — $ 4,795 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,294 2,294 — Total Assets $ 7,089 $ 2,294 $ 4,795 Noncontrolling Interests in the Operating Partnership $ 49,520 $ 49,520 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,927,330 $ — $ 2,927,330 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,294 2,294 — Total Liabilities $ 2,929,624 $ 2,294 $ 2,927,330 __________

Earnings Per Share and Per Un_2

Earnings Per Share and Per Unit (Tables)	9 Months Ended
Earnings Per Share and Per Unit (Tables)	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Earnings per Common Share - basic: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net (income) attributable to noncontrolling interests in the Operating Partnership (297) (453) (2,111) (2,386) Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Dividends on Preferred Stock (622) (622) (1,864) (1,864) Net income available for common stockholders $ 14,558 $ 22,101 $ 103,492 $ 108,233 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 106,010 105,671 105,937 105,473 Net income available for common stockholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 Earnings per Common Share - diluted: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Dividends on Preferred Stock (622) (622) (1,864) (1,864) Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 106,010 105,671 105,937 105,473 Add: Noncontrolling interests Common Units 2,151 2,161 2,152 2,289 Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions 108,161 107,832 108,089 107,762 Net income available for common stockholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 __________ (1)
Highwoods Realty Limited Partnership
Earnings Per Share and Per Unit Basic and Diluted [Line Items]
Earnings Per Unit	The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Earnings per Common Unit - basic: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Distributions on Preferred Units (622) (622) (1,864) (1,864) Net income available for common unitholders $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 107,752 107,423 107,680 107,353 Net income available for common unitholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 Earnings per Common Unit - diluted: Numerator: Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995 Net loss attributable to noncontrolling interests in consolidated affiliates 8 5 15 488 Distributions on Preferred Units (622) (622) (1,864) (1,864) Net income available for common unitholders $ 14,855 $ 22,554 $ 105,603 $ 110,619 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 107,752 107,423 107,680 107,353 Net income available for common unitholders $ 0.14 $ 0.21 $ 0.98 $ 1.03 __________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable .

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables summarize rental and other revenues and net operating income for our office properties. 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. Three Months Ended Nine Months Ended 2024 2023 2024 2023 Rental and Other Revenues: Atlanta $ 36,742 $ 35,666 $ 109,799 $ 107,991 Charlotte 22,010 21,079 65,991 63,452 Nashville 40,903 42,884 126,458 130,084 Orlando 14,312 14,356 43,892 43,300 Raleigh 43,042 45,354 130,848 136,933 Richmond 8,754 8,746 26,816 27,103 Tampa 23,948 25,000 72,963 75,344 Other 14,612 14,010 43,569 42,931 Total Rental and Other Revenues $ 204,323 $ 207,095 $ 620,336 $ 627,138
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Net Operating Income: Atlanta $ 22,268 $ 21,796 $ 67,950 $ 68,289 Charlotte 15,936 16,388 47,974 47,719 Nashville 30,657 31,389 92,448 95,530 Orlando 8,850 8,734 26,840 26,358 Raleigh 31,692 32,523 95,537 99,799 Richmond 5,765 5,733 18,424 18,656 Tampa 15,309 15,574 46,131 47,614 Other 8,140 7,765 24,332 23,942 Total Net Operating Income 138,617 139,902 419,636 427,907 Reconciliation to net income: Depreciation and amortization (79,116) (74,765) (226,532) (220,416) General and administrative expenses (9,898) (8,873) (31,754) (30,668) Interest expense (37,472) (34,247) (109,928) (101,408) Other income 1,872 754 10,559 3,082 Gains on disposition of property 350 — 42,581 19,818 Gain on deconsolidation of affiliate — — — 11,778 Equity in earnings of unconsolidated affiliates 1,116 400 2,890 1,902 Net income $ 15,469 $ 23,171 $ 107,452 $ 111,995

Description of Business and S_3

Description of Business and Significant Accounting Policies (Details) $ in Thousands, ft² in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) ft² numberOfEntities shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) ft² numberOfEntities shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Description of Business [Abstract]
Rentable square feet of commercial real estate properties (in sq feet) \| ft²	28		28
Rentable square feet of commercial real estate office properties under development (in sq feet) \| ft²	1.6		1.6
Rentable square feet of potential office build (in sq feet) \| ft²	5.2		5.2
Net proceeds of Common Stock sold during the period \| $	$ 342	$ 361	$ (343)	$ (202)
Number of VIE entities \| numberOfEntities	6		6
Self insurance liability \| $	$ 500		$ 500
Highwoods Properties, Inc. [Member]
Description of Business [Abstract]
Common Units of partnership owned by the Company (in shares)	105,600,000		105,600,000
Percentage of ownership of Common Units (in hundredths)	98%		98%
Common Units redeemed for a like number of common shares of stock (in shares)			5,385
Highwoods Properties, Inc. [Member] \| ATM Equity Offering
Description of Business [Abstract]
Number of Common Stock sold during the period (in shares)	0		0
Highwoods Properties, Inc. [Member] \| ATM Equity Offering \| Maximum [Member]
Description of Business [Abstract]
Net proceeds of Common Stock sold during the period \| $					$ 300,000
Highwoods Realty Limited Partnership
Description of Business [Abstract]
Common Units of partnership not owned by the Company (in shares)	2,200,000		2,200,000
Variable Interest Entity, Primary Beneficiary [Member]
Description of Business [Abstract]
Number of VIE entities \| numberOfEntities	1		1
Variable Interest Entity, Non Primary Beneficiary [Member]
Description of Business [Abstract]
Number of VIE entities \| numberOfEntities	5		5

Leases ASC 842 (Details)

Leases ASC 842 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases ASC 842 (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lessor Disclosure [Abstract]
Rental and other revenues related to operating lease payments	$ 200.7	$ 203.8	$ 609.5	$ 617
Variable lease income	$ 17	$ 17.7	$ 56.1	$ 54.6
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

Investments in and Advances t_2

Investments in and Advances to Affiliates (Details) $ in Millions	3 Months Ended
	Sep. 30, 2024 USD ($) Rate	Dec. 31, 2022 numberOfJointVentures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures formed \| numberOfJointVentures		2
Granite Park Six JV, LLC
Schedule of Equity Method Investments [Line Items]
Percentage of equity interest in joint venture (in hundredths)	50%
Early repayment of debt	$ 70.9
Construction loan related to joint venture development	115
Contribution of cash to joint venture entity	$ 35.5
Variable interest rate basis	SOFR
Interest rate, basis spread (in hundredths) \| Rate	3.94%
GPI23 Springs JV, LLC
Schedule of Equity Method Investments [Line Items]
Percentage of equity interest in joint venture (in hundredths)	50%
M+O JV, LLC
Schedule of Equity Method Investments [Line Items]
Percentage of equity interest in joint venture (in hundredths)	50%
Early repayment of debt	$ 134.3
Contribution of cash to joint venture entity	$ 62.1
Stated interest rate (in hundredths) \| Rate	4.50%
Effective interest rate (in hundredths) \| Rate	5.30%
Midtown East Tampa, LLC
Schedule of Equity Method Investments [Line Items]
Percentage of equity interest in joint venture (in hundredths)	50%
Brand/HRLP 2827 Peachtree LLC
Schedule of Equity Method Investments [Line Items]
Percentage of equity interest in joint venture (in hundredths)	50%

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Variable Interest Entities [Line Items]
Investments in and advances to unconsolidated affiliates	$ 482,693	$ 343,241
Assets and liabilities of consolidated variable interest entity [Abstract]
Net real estate assets	4,870,808	4,993,531
Cash and cash equivalents	23,650	25,123	$ 16,901
Restricted cash	10,283	6,446	$ 3,809
Accrued straight-line rents receivable	315,068	310,649
Deferred leasing costs, net	213,409	225,924
Prepaid expense and other assets, net	74,827	65,125
Mortgages and notes payable	3,295,521	3,213,206
Accounts payable, accrued expenses and other liabilities	295,191	302,180
Granite Park Six JV, LLC
Variable Interest Entities [Line Items]
Risk of loss limited to carrying value	76,900
GPI23 Springs JV, LLC
Variable Interest Entities [Line Items]
Risk of loss limited to carrying value	100,300
M+O JV, LLC
Variable Interest Entities [Line Items]
Risk of loss limited to carrying value	184,300
Midtown East Tampa, LLC
Variable Interest Entities [Line Items]
Risk of loss limited to carrying value	31,900
Investments in and advances to unconsolidated affiliates	14,000
Amount of loan funded to affiliate	17,900
Brand/HRLP 2827 Peachtree LLC
Variable Interest Entities [Line Items]
Risk of loss limited to carrying value	60,800
Investments in and advances to unconsolidated affiliates	12,900
Amount of loan funded to affiliate	$ 47,900
HRLP MTW, LLC [Member]
Variable Interest Entities [Line Items]
Interest in joint venture (in hundredths)	80%
Assets and liabilities of consolidated variable interest entity [Abstract]
Net real estate assets	$ 58,907	60,410
Cash and cash equivalents	1,935	1,096
Restricted cash	0	2,260
Accrued straight-line rents receivable	5,192	5,041
Deferred leasing costs, net	2,532	2,783
Prepaid expense and other assets, net	119	124
Mortgages and notes payable	44,318	44,192
Accounts payable, accrued expenses and other liabilities	$ 1,453	$ 2,872

Real Estate Assets (Details)

Real Estate Assets (Details) $ in Thousands	3 Months Ended				9 Months Ended
Real Estate Assets (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) numberOfBuildings	Mar. 31, 2024 USD ($) numberOfBuildings	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Dispositions [Abstract]
Gains on disposition of property	$ 350			$ 0	$ 42,581	$ 19,818
2024 Dispositions
Dispositions [Abstract]
Number of buildings sold \| numberOfBuildings		7	2
Sale price of real estate	4,500	$ 62,500	$ 16,900
Gains on disposition of property	$ 400	$ 35,000	$ 7,200

Intangible Assets and Below M_3

Intangible Assets and Below Market Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$ 386,111		$ 386,111		$ 401,621
Deferred leasing costs, accumulated amortization	(172,702)		(172,702)		(175,697)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	213,409		213,409		225,924
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities, gross	37,491		37,491		50,842
Acquisition-related below market lease liabilities, accumulated amortization	(20,449)		(20,449)		(30,416)
Acquisition-related below market lease liabilities, net	17,042		17,042		$ 20,426
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	188,579		188,579
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	11,370	$ 10,696	30,999	$ 32,409
Lease Incentives (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	12,946		12,946
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	643	655	1,886	1,983
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	11,884		11,884
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	768	823	2,364	2,523
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	17,042		17,042
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of acquisition-related below market lease liabilities	$ (1,110)	$ (1,260)	$ (3,384)	$ (3,794)

Intangible Assets and Below M_4

Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Scheduled future amortization of intangible assets [Abstract]
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 213,409	$ 225,924
Scheduled future amortization of below market lease liabilities [Abstract]
Total scheduled future amortization of acquisition-related below market lease liabilities	(17,042)	$ (20,426)
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, 2024	9,864
2025	34,339
2026	30,020
2027	26,277
2028	22,315
Thereafter	65,764
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 188,579
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	7 years 2 months 12 days
Lease Incentives (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
October 1 through December 31, 2024	$ 624
2025	2,194
2026	2,002
2027	1,768
2028	1,518
Thereafter	4,840
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 12,946
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	7 years 8 months 12 days
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
October 1 through December 31, 2024	$ 702
2025	2,210
2026	1,861
2027	1,520
2028	1,404
Thereafter	4,187
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 11,884
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	6 years 10 months 24 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, 2024	$ (856)
2025	(2,727)
2026	(2,431)
2027	(2,062)
2028	(1,648)
Thereafter	(7,318)
Total scheduled future amortization of acquisition-related below market lease liabilities	$ (17,042)
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived below market lease liabilities, average useful life (in years)	8 years 1 month 6 days

Mortgages and Notes Payable (De

Mortgages and Notes Payable (Details)	3 Months Ended			9 Months Ended
Mortgages and Notes Payable (Details)	Sep. 30, 2024 USD ($)	Jun. 30, 2024	Mar. 31, 2024 USD ($) extension	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Oct. 15, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Mortgages and notes payable	$ 3,295,521,000			$ 3,295,521,000			$ 3,213,206,000
Unamortized debt issuance costs	$ (15,271,000)			(15,271,000)			(17,739,000)
Loss on debt extinguishment				(173,000)	$ 0
Maximum liquidity requirements	1 year
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on credit facility			$ 750,000,000
Number of additional extensions \| extension			2
Term of optional extension			6 months
Debt issuance costs			$ 7,700,000
Loss on debt extinguishment			$ 200,000
Temporary reduction in interest rate due to sustainability goals (in hundredths)		0.025%
Amount outstanding on revolving credit facility	$ 105,000,000			105,000,000
Outstanding letters of credit on revolving credit facility	100,000			100,000
Unused borrowing capacity on revolving credit facility	644,900,000			644,900,000
Secured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	714,383,000			714,383,000			720,752,000
Aggregate undepreciated book value of secured real estate assets	1,243,100,000			1,243,100,000
Unsecured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	$ 2,596,409,000			$ 2,596,409,000			$ 2,510,193,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Facility interest rate basis			SOFR
Interest rate, basis spread (in hundredths)			0.85%
Annual facility fee (in hundredths)			0.20%
SOFR Related Spread Adjustment [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate, basis spread (in hundredths)			0.10%
Subsequent Event [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding on revolving credit facility						$ 98,000,000
Outstanding letters of credit on revolving credit facility						100,000
Unused borrowing capacity on revolving credit facility						$ 651,900,000

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Noncontrolling Interests (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership			$ 49,520
Adjustment of noncontrolling interests in the Operating Partnership to fair value	$ 16,355	$ (6,334)	23,822	$ (15,521)
Conversions of Common Units to Common Stock		(4,795)	(132)	(4,795)
Redemptions of Common Units			0	(163)
Net income attributable to noncontrolling interests in the Operating Partnership	297	453	2,111	2,386
Distributions to noncontrolling interests in the Operating Partnership			(3,227)	(3,432)
Total noncontrolling interests in the Operating Partnership	72,094		72,094
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	14,558	22,101	103,492	108,233
Highwoods Properties, Inc. [Member]
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership	56,518	56,206	49,520	65,977
Adjustment of noncontrolling interests in the Operating Partnership to fair value	16,355	(6,334)	23,822	(15,521)
Conversions of Common Units to Common Stock	0	(4,795)	(132)	(4,795)
Redemptions of Common Units	0	0	0	(163)
Net income attributable to noncontrolling interests in the Operating Partnership	297	453	2,111	2,386
Distributions to noncontrolling interests in the Operating Partnership	(1,076)	(1,078)	(3,227)	(3,432)
Total noncontrolling interests in the Operating Partnership	72,094	44,452	72,094	44,452
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	14,558	22,101	103,492	108,233
Increase in additional paid in capital from conversions of Common Units to Common Stock	0	4,795	132	4,795
Redemptions of Common Units	0	0	0	163
Change from net income available for common stockholders and transfers from noncontrolling interests	$ 14,558	$ 26,896	$ 103,624	$ 113,191
Midtown West Joint Venture [Member]
Noncontrolling Interests in Consolidated Affiliates [Abstract]
Consolidated joint venture, partner's interest (in hundredths)	20%		20%

Disclosure About Fair Value o_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, 2024	Dec. 31, 2023
Assets:
Mortgages and notes receivable, at fair value	$ 11,084	$ 4,795
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,403	2,294
Total Assets	13,487	7,089
Liabilities:
Mortgages and notes payable, net, at fair value	3,157,141	2,927,330
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,403	2,294
Total Liabilities	3,159,544	2,929,624
Level 1 [Member]
Assets:
Mortgages and notes receivable, at fair value	0	0
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,403	2,294
Total Assets	2,403	2,294
Liabilities:
Mortgages and notes payable, net, at fair value	0	0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,403	2,294
Total Liabilities	2,403	2,294
Level 2 [Member]
Assets:
Mortgages and notes receivable, at fair value	11,084	4,795
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	0	0
Total Assets	11,084	4,795
Liabilities:
Mortgages and notes payable, net, at fair value	3,157,141	2,927,330
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	0	0
Total Liabilities	3,157,141	2,927,330
Highwoods Properties, Inc. [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	72,094	49,520
Highwoods Properties, Inc. [Member] \| Level 1 [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	72,094	49,520
Highwoods Properties, Inc. [Member] \| Level 2 [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	$ 0	$ 0

Share-Based Payments (Details)

Share-Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,000	$ 800	$ 7,001	$ 6,154
Total unrecognized share-based compensation costs	$ 5,100		$ 5,100
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)			2 years 1 month 6 days
Highwoods Properties, Inc. [Member] \| Time-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock shares granted (in shares)			181,540
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)			$ 24.45
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)			142,992
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)			$ 25.22

Earnings Per Share and Per Un_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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Net (income) attributable to noncontrolling interests in the Operating Partnership	(297)	(453)	(2,111)	(2,386)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Dividends on Preferred Stock	(622)	(622)	(1,864)	(1,864)
Net income available for common stockholders	$ 14,558	$ 22,101	$ 103,492	$ 108,233
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	106,010	105,671	105,937	105,473
Earnings per Common Share - basic:
Net income available for common stockholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Dividends on Preferred Stock	(622)	(622)	(1,864)	(1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$ 14,855	$ 22,554	$ 105,603	$ 110,619
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	106,010	105,671	105,937	105,473
Noncontrolling interests Common Units (in shares)	2,151	2,161	2,152	2,289
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares)	108,161	107,832	108,089	107,762
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Highwoods Realty Limited Partnership
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Distributions on Preferred Units	(622)	(622)	(1,864)	(1,864)
Net income available for common unitholders	$ 14,855	$ 22,554	$ 105,603	$ 110,619
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	107,752	107,423	107,680	107,353
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 15,469	$ 23,171	$ 107,452	$ 111,995
Net loss attributable to noncontrolling interests in consolidated affiliates	8	5	15	488
Distributions on Preferred Units	(622)	(622)	(1,864)	(1,864)
Net income available for common unitholders	$ 14,855	$ 22,554	$ 105,603	$ 110,619
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	107,752	107,423	107,680	107,353
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.14	$ 0.21	$ 0.98	$ 1.03

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	$ 204,323	$ 207,095	$ 620,336	$ 627,138
Total Net Operating Income	138,617	139,902	419,636	427,907
Reconciliation to net income:
Depreciation and amortization	(79,116)	(74,765)	(226,532)	(220,416)
General and administrative expenses	(9,898)	(8,873)	(31,754)	(30,668)
Interest expense	(37,472)	(34,247)	(109,928)	(101,408)
Other income	1,872	754	10,559	3,082
Gains on disposition of property	350	0	42,581	19,818
Gain on deconsolidation of affiliate	0	0	0	11,778
Equity in earnings of unconsolidated affiliates	1,116	400	2,890	1,902
Net income	15,469	23,171	107,452	111,995
Office Atlanta, GA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	36,742	35,666	109,799	107,991
Total Net Operating Income	22,268	21,796	67,950	68,289
Office Charlotte, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	22,010	21,079	65,991	63,452
Total Net Operating Income	15,936	16,388	47,974	47,719
Office Nashville, TN [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	40,903	42,884	126,458	130,084
Total Net Operating Income	30,657	31,389	92,448	95,530
Office Orlando, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	14,312	14,356	43,892	43,300
Total Net Operating Income	8,850	8,734	26,840	26,358
Office Raleigh, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	43,042	45,354	130,848	136,933
Total Net Operating Income	31,692	32,523	95,537	99,799
Office Richmond, VA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	8,754	8,746	26,816	27,103
Total Net Operating Income	5,765	5,733	18,424	18,656
Office Tampa, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	23,948	25,000	72,963	75,344
Total Net Operating Income	15,309	15,574	46,131	47,614
Other [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	14,612	14,010	43,569	42,931
Total Net Operating Income	$ 8,140	$ 7,765	$ 24,332	$ 23,942

Subsequent Events (Details)

Subsequent Events (Details) - Highwoods Properties, Inc. [Member] - $ / shares		3 Months Ended		9 Months Ended
	Oct. 21, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
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