Highwoods Properties (HIW) 10-Q 27 Apr 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 20, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity Registrant Name	HIGHWOODS PROPERTIES, INC.
Entity Incorporation, State or Country Code	MD
Entity File Number	001-13100
Entity Tax Identification Number	56-1871668
Entity Address, Address Line One	3100 Smoketree Court
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Raleigh
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27604
City Area Code	919
Local Phone Number	872-4924
Title of 12(b) Security	Common Stock, $.01 par value, of Highwoods Properties, Inc.
Trading Symbol	HIW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		104,055,736
Entity Central Index Key	0000921082
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Highwoods Realty Limited Partnership [Member]
Entity Information [Line Items]
Entity Registrant Name	HIGHWOODS REALTY LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	NC
Entity File Number	000-21731
Entity Tax Identification Number	56-1869557
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000941713
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real estate assets, at cost:
Land	$ 474,141	$ 466,872
Buildings and tenant improvements	5,125,924	4,981,637
Development in-process	288,406	259,681
Land held for development	131,458	131,474
Total real estate assets	6,019,929	5,839,664
Less-accumulated depreciation	(1,454,427)	(1,418,379)
Net real estate assets	4,565,502	4,421,285
Real estate and other assets, net, held for sale	0	11,360
Cash and cash equivalents	49,279	109,322
Restricted cash	9,099	79,922
Accounts receivable	23,226	27,488
Mortgages and notes receivable	1,292	1,341
Accrued straight-line rents receivable	263,643	259,381
Investments in and advances to unconsolidated affiliates	638	27,104
Deferred leasing costs, net of accumulated amortization of $147,937 and $151,698, respectively	219,790	209,329
Prepaid expenses and other assets, net of accumulated depreciation of $18,895 and $21,154, respectively	72,845	62,885
Total Assets	5,205,314	5,209,417
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	2,470,472	2,470,021
Accounts payable, accrued expenses and other liabilities	258,026	268,727
Total Liabilities	2,728,498	2,738,748
Commitments and contingencies
Noncontrolling interests in the Operating Partnership	121,895	112,499
Equity/Capital:
Preferred Stock, $.01 par value, 50,000,000 authorized shares; 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,826 shares issued and outstanding	28,826	28,826
Common Stock, $.01 par value, 200,000,000 authorized shares; 104,055,152 and 103,921,546 shares issued and outstanding, respectively	1,041	1,039
Additional paid-in capital	2,986,462	2,993,946
Distributions in excess of net income available for common stockholders	(681,613)	(686,225)
Accumulated other comprehensive loss	(1,340)	(1,462)
Total Stockholders’ Equity	2,333,376	2,336,124
Noncontrolling interests in consolidated affiliates	21,545	22,046
Total Equity/Capital	2,354,921	2,358,170
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	5,205,314	5,209,417
Highwoods Realty Limited Partnership [Member]
Real estate assets, at cost:
Land	474,141	466,872
Buildings and tenant improvements	5,125,924	4,981,637
Development in-process	288,406	259,681
Land held for development	131,458	131,474
Total real estate assets	6,019,929	5,839,664
Less-accumulated depreciation	(1,454,427)	(1,418,379)
Net real estate assets	4,565,502	4,421,285
Real estate and other assets, net, held for sale	0	11,360
Cash and cash equivalents	49,279	109,322
Restricted cash	9,099	79,922
Accounts receivable	23,226	27,488
Mortgages and notes receivable	1,292	1,341
Accrued straight-line rents receivable	263,643	259,381
Investments in and advances to unconsolidated affiliates	638	27,104
Deferred leasing costs, net of accumulated amortization of $147,937 and $151,698, respectively	219,790	209,329
Prepaid expenses and other assets, net of accumulated depreciation of $18,895 and $21,154, respectively	72,845	62,885
Total Assets	5,205,314	5,209,417
Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Liabilities, Redeemable Operating Partnership Units and Capital:
Mortgages and notes payable, net	2,470,472	2,470,021
Accounts payable, accrued expenses and other liabilities	258,026	268,727
Total Liabilities	2,728,498	2,738,748
Commitments and contingencies
Redeemable Operating Partnership Units:
Common Units, 2,838,725 outstanding	121,895	112,499
Series A Preferred Units (liquidation preference $1,000 per unit), 28,826 units issued and outstanding	28,826	28,826
Total Redeemable Operating Partnership Units	150,721	141,325
Equity/Capital:
General partner Common Units, 1,064,851 and 1,063,515 outstanding, respectively	23,059	23,087
Limited partner Common Units, 102,581,492 and 102,449,222 outstanding, respectively	2,282,831	2,285,673
Accumulated other comprehensive loss	(1,340)	(1,462)
Noncontrolling interests in consolidated affiliates	21,545	22,046
Total Equity/Capital	2,326,095	2,329,344
Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity/Total Liabilities, Redeemable Operating Partnership Units and Capital	$ 5,205,314	$ 5,209,417

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Assets:
Deferred leasing costs, accumulated amortization	$ 147,937	$ 151,698
Prepaid Expenses And Other Assets Accumulated Depreciation	$ 18,895	$ 21,154
Equity/Capital:
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)	28,826	28,826
Series A Preferred Stock, shares outstanding (in shares)	28,826	28,826
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)	104,055,152	103,921,546
Common Stock, shares outstanding (in shares)	104,055,152	103,921,546
Highwoods Realty Limited Partnership [Member]
Assets:
Deferred leasing costs, accumulated amortization	$ 147,937	$ 151,698
Prepaid Expenses And Other Assets Accumulated Depreciation	$ 18,895	$ 21,154
Redeemable Operating Partnership Units: [Abstract]
Redeemable Common Units outstanding (in shares)	2,838,725	2,838,725
Series A Preferred Units, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Series A Preferred Units, issued (in shares)	28,826	28,826
Series A Preferred Units, outstanding (in shares)	28,826	28,826
Common Units: [Abstract]
General partners' capital account, units outstanding (in shares)	1,064,851	1,063,515
Limited partners' capital account, units outstanding (in shares)	102,581,492	102,449,222

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Rental and other revenues	$ 183,805	$ 192,800
Operating expenses:
Rental property and other expenses	56,189	62,202
Depreciation and amortization	60,927	61,150
General and administrative	9,952	10,930
Total operating expenses	127,068	134,282
Interest expense	19,768	21,277
Other income	312	69
Gains on disposition of property	18,937	153,067
Equity in earnings of unconsolidated affiliates	637	963
Net income	56,855	191,340
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,493)	(4,960)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(281)	(285)
Dividends on Preferred Stock	(622)	(622)
Net income available for common stockholders	$ 54,459	$ 185,473
Earnings per Common Share – basic:
Net income available for common stockholders (in dollars per share)	$ 0.52	$ 1.79
Weighted average Common Shares outstanding - basic (in shares)	103,963	103,813
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.52	$ 1.79
Weighted average Common Shares outstanding - diluted (in shares)	106,810	106,633
Highwoods Realty Limited Partnership [Member]
Rental and other revenues	$ 183,805	$ 192,800
Operating expenses:
Rental property and other expenses	56,189	62,202
Depreciation and amortization	60,927	61,150
General and administrative	9,952	10,930
Total operating expenses	127,068	134,282
Interest expense	19,768	21,277
Other income	312	69
Gains on disposition of property	18,937	153,067
Equity in earnings of unconsolidated affiliates	637	963
Net income	56,855	191,340
Net (income) attributable to noncontrolling interests in consolidated affiliates	(281)	(285)
Distributions on Preferred Units	(622)	(622)
Net income available for common unitholders	$ 55,952	$ 190,433
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.53	$ 1.79
Weighted average Common Units outstanding - basic (in shares)	106,393	106,199
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.53	$ 1.79
Weighted average Common Units outstanding - diluted (in shares)	106,401	106,224

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Comprehensive income:
Net income	$ 56,855	$ 191,340
Other comprehensive income/(loss):
Unrealized losses on cash flow hedges	0	(1,133)
Amortization of cash flow hedges	122	(72)
Total other comprehensive income/(loss)	122	(1,205)
Total comprehensive income	56,977	190,135
Less-comprehensive (income) attributable to noncontrolling interests	(1,774)	(5,245)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	55,203	184,890
Highwoods Realty Limited Partnership [Member]
Comprehensive income:
Net income	56,855	191,340
Other comprehensive income/(loss):
Unrealized losses on cash flow hedges	0	(1,133)
Amortization of cash flow hedges	122	(72)
Total other comprehensive income/(loss)	122	(1,205)
Total comprehensive income	56,977	190,135
Less-comprehensive (income) attributable to noncontrolling interests	(281)	(285)
Comprehensive income attributable to common stockholders/Comprehensive income attributable to common unitholders	$ 56,696	$ 189,850

Consolidated Statements of Equi

Consolidated Statements of Equity/Capital - USD ($) $ in Thousands	Total	Highwoods Realty Limited Partnership [Member]	Common Stock [Member]	Series A Cumulative Redeemable Preferred Shares [Member]	General Partners' Common Units [Member]Highwoods Realty Limited Partnership [Member]	Limited Partners' Common Units [Member]Highwoods Realty Limited Partnership [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]Highwoods Realty Limited Partnership [Member]	Noncontrolling Interests in Consolidated Affiliates [Member]	Noncontrolling Interests in Consolidated Affiliates [Member]Highwoods Realty Limited Partnership [Member]	Distributions in Excess of Net Income Available for Common Stockholders [Member]
Balance (in shares) at Dec. 31, 2019			103,756,046
Balance at Dec. 31, 2019	$ 2,174,407	$ 2,145,548	$ 1,038	$ 28,859	$ 21,240	$ 2,102,769	$ 2,954,779	$ (471)	$ (471)	$ 22,010	$ 22,010	$ (831,808)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		7,202			72	7,130
Distributions on Common Units		(50,903)			(509)	(50,394)
Distributions on Preferred Units		(622)			(6)	(616)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			(13,266)
Issuances of Common Stock, net of issuance costs and tax withholdings	1,039						1,039
Dividends on Common Stock	(49,735)											(49,735)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	42,301						42,301
Distributions to noncontrolling interests in consolidated affiliates	(198)	(198)								(198)	(198)
Issuances of restricted stock - shares			149,304
Issuances of restricted stock	0
Redemptions/repurchases of Preferred Stock	(3)			(3)
Share-based compensation expense, net of forfeitures - shares			(6,166)
Share-based compensation expense, net of forfeitures	2,496	2,496	$ 1		25	2,471	2,495
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		32,346			323	32,023
Net (income) attributable to noncontrolling interests in the Operating Partnership	(4,960)											(4,960)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(3)	(282)				285	285	(285)
Comprehensive income:
Net income	191,340	191,340			1,913	189,427						191,340
Other comprehensive income/(loss)	(1,205)	(1,205)						(1,205)	(1,205)
Total comprehensive income	190,135	190,135
Balance (in shares) at Mar. 31, 2020			103,885,918
Balance at Mar. 31, 2020	$ 2,354,860	2,326,004	$ 1,039	28,856	23,055	2,282,528	3,000,614	(1,676)	(1,676)	22,097	22,097	(696,070)
Balance (in shares) at Dec. 31, 2020	103,921,546		103,921,546
Balance at Dec. 31, 2020	$ 2,358,170	2,329,344	$ 1,039	28,826	23,087	2,285,673	2,993,946	(1,462)	(1,462)	22,046	22,046	(686,225)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuances of Common Units, net of issuance costs and tax withholdings		(1,198)			(12)	(1,186)
Distributions on Common Units		(51,014)			(510)	(50,504)
Distributions on Preferred Units		(622)			(6)	(616)
Issuances of Common Stock, net of issuance costs and tax withholdings - Shares			(49,058)
Issuances of Common Stock, net of issuance costs and tax withholdings	(1,198)						(1,198)
Dividends on Common Stock	(49,847)											(49,847)
Dividends on Preferred Stock	(622)											(622)
Adjustment of noncontrolling interests in the Operating Partnership to fair value	(9,266)						(9,266)
Distributions to noncontrolling interests in consolidated affiliates	(782)	(782)								(782)	(782)
Issuances of restricted stock - shares			183,100
Issuances of restricted stock	0
Share-based compensation expense, net of forfeitures - shares			(436)
Share-based compensation expense, net of forfeitures	2,982	2,982	$ 2		30	2,952	2,980
Adjustment of Redeemable Common Units to fair value and contributions/distributions from/to the General Partner		(9,592)			(96)	(9,496)
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,493)											(1,493)
Net (income) attributable to noncontrolling interests in consolidated affiliates	0	0			(3)	(278)				281	281	(281)
Comprehensive income:
Net income	56,855	56,855			569	56,286						56,855
Other comprehensive income/(loss)	122	122						122	122
Total comprehensive income	$ 56,977	56,977
Balance (in shares) at Mar. 31, 2021	104,055,152		104,055,152
Balance at Mar. 31, 2021	$ 2,354,921	$ 2,326,095	$ 1,041	$ 28,826	$ 23,059	$ 2,282,831	$ 2,986,462	$ (1,340)	$ (1,340)	$ 21,545	$ 21,545	$ (681,613)

Consolidated Statements of Eq_2

Consolidated Statements of Equity/Capital (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Highwoods Properties, Inc. [Member]
Dividends on Common Stock (per share)	$ 0.48	$ 0.48
Highwoods Properties, Inc. [Member] | Series A Cumulative Redeemable Preferred Shares [Member]
Dividends on Preferred Stock (per share)/Distributions on Preferred Units (per unit)	21.5625	21.5625
Highwoods Realty Limited Partnership [Member]
Distributions on Common Units (per unit)	0.48	0.48
Highwoods Realty Limited Partnership [Member] | Series A Cumulative Redeemable Preferred Shares [Member]
Dividends on Preferred Stock (per share)/Distributions on Preferred Units (per unit)	$ 21.5625	$ 21.5625

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Operating activities:
Net income		$ 56,855	$ 191,340
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		60,927	61,150
Amortization of lease incentives and acquisition-related intangible assets and liabilities		(704)	(649)
Share-based compensation expense		2,982	2,496
Credit losses on operating lease receivables		237	1,249
Accrued interest on mortgages and notes receivable		(27)	(31)
Amortization of debt issuance costs		792	767
Amortization of cash flow hedges		122	(72)
Amortization of mortgages and notes payable fair value adjustments		411	426
Losses on debt extinguishment		76	0
Net gains on disposition of property		(18,937)	(153,067)
Equity in earnings of unconsolidated affiliates		(637)	(963)
Distributions of earnings from unconsolidated affiliates		395	341
Changes in operating assets and liabilities:
Accounts receivable		6,658	824
Prepaid expenses and other assets		(5,544)	(8,745)
Accrued straight-line rents receivable		(4,245)	(10,888)
Accounts payable, accrued expenses and other liabilities		(16,381)	(20,564)
Net cash provided by operating activities		82,980	63,614
Investing activities:
Investments in acquired real estate and related intangible assets, net of cash acquired		0	(55)
Investments in development in-process		(19,789)	(36,122)
Investments in tenant improvements and deferred leasing costs		(22,939)	(49,825)
Investments in building improvements		(14,422)	(15,254)
Investment in acquired controlling interest in unconsolidated affiliate		(127,339)	0
Net proceeds from disposition of real estate assets		30,242	331,761
Distributions of capital from unconsolidated affiliates		0	72
Investments in mortgages and notes receivable		0	(32)
Repayments of mortgages and notes receivable		76	75
Changes in other investing activities		(746)	477
Net cash provided by/(used in) investing activities		(154,917)	231,097
Financing activities:
Dividends on Common Stock		(49,847)	(49,735)
Redemptions/repurchases of Preferred Stock		0	(3)
Dividends on Preferred Stock		(622)	(622)
Distributions to noncontrolling interests in the Operating Partnership		(1,363)	(1,364)
Distributions to noncontrolling interests in consolidated affiliates		(782)	(198)
Proceeds from the issuance of Common Stock		493	2,343
Costs paid for the issuance of Common Stock		(10)	(180)
Repurchase of shares related to tax withholdings		(1,681)	(1,124)
Borrowings on revolving credit facility		0	110,000
Repayments of revolving credit facility		0	(244,000)
Repayments of mortgages and notes payable		(501)	(481)
Changes in debt issuance costs and other financing activities		(4,616)	0
Net cash used in financing activities		(58,929)	(185,364)
Net increase/(decrease) in cash and cash equivalents and restricted cash		(130,866)	109,347
Cash and cash equivalents and restricted cash at beginning of the period		189,244	14,742
Cash and cash equivalents and restricted cash at end of the period		58,378	124,089
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents at end of the period		49,279	12,696
Restricted cash at end of the period		9,099	111,393
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized		27,646	25,321
Supplemental disclosure of non-cash investing and financing activities:
Unrealized losses on cash flow hedges		0	(1,133)
Changes in accrued capital expenditures (1)	[1]	(454)	(4,789)
Write-off of fully depreciated real estate assets		15,468	12,033
Write-off of fully amortized leasing costs		12,848	5,842
Write-off of fully amortized debt issuance costs		2,983	0
Adjustment of noncontrolling interests in the Operating Partnership to fair value		9,266	(42,301)
Issuances of Common Units to acquire real estate assets		0	6,163
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities		65,500	63,200
Highwoods Realty Limited Partnership [Member]
Operating activities:
Net income		56,855	191,340
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		60,927	61,150
Amortization of lease incentives and acquisition-related intangible assets and liabilities		(704)	(649)
Share-based compensation expense		2,982	2,496
Credit losses on operating lease receivables		237	1,249
Accrued interest on mortgages and notes receivable		(27)	(31)
Amortization of debt issuance costs		792	767
Amortization of cash flow hedges		122	(72)
Amortization of mortgages and notes payable fair value adjustments		411	426
Losses on debt extinguishment		76	0
Net gains on disposition of property		(18,937)	(153,067)
Equity in earnings of unconsolidated affiliates		(637)	(963)
Distributions of earnings from unconsolidated affiliates		395	341
Changes in operating assets and liabilities:
Accounts receivable		6,658	824
Prepaid expenses and other assets		(5,544)	(8,745)
Accrued straight-line rents receivable		(4,245)	(10,888)
Accounts payable, accrued expenses and other liabilities		(16,381)	(20,564)
Net cash provided by operating activities		82,980	63,614
Investing activities:
Investments in acquired real estate and related intangible assets, net of cash acquired		0	(55)
Investments in development in-process		(19,789)	(36,122)
Investments in tenant improvements and deferred leasing costs		(22,939)	(49,825)
Investments in building improvements		(14,422)	(15,254)
Investment in acquired controlling interest in unconsolidated affiliate		(127,339)	0
Net proceeds from disposition of real estate assets		30,242	331,761
Distributions of capital from unconsolidated affiliates		0	72
Investments in mortgages and notes receivable		0	(32)
Repayments of mortgages and notes receivable		76	75
Changes in other investing activities		(746)	477
Net cash provided by/(used in) investing activities		(154,917)	231,097
Financing activities:
Distributions on Common Units		(51,014)	(50,903)
Redemptions/repurchases of Preferred Units		0	(3)
Distributions on Preferred Units		(622)	(622)
Distributions to noncontrolling interests in consolidated affiliates		(782)	(198)
Proceeds from the issuance of Common Units		493	2,343
Costs paid for the issuance of Common Units		(10)	(180)
Repurchase of units related to tax withholdings		(1,681)	(1,124)
Borrowings on revolving credit facility		0	110,000
Repayments of revolving credit facility		0	(244,000)
Repayments of mortgages and notes payable		(501)	(481)
Changes in debt issuance costs and other financing activities		(4,812)	(196)
Net cash used in financing activities		(58,929)	(185,364)
Net increase/(decrease) in cash and cash equivalents and restricted cash		(130,866)	109,347
Cash and cash equivalents and restricted cash at beginning of the period		189,244	14,742
Cash and cash equivalents and restricted cash at end of the period		58,378	124,089
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents at end of the period		49,279	12,696
Restricted cash at end of the period		9,099	111,393
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized		27,646	25,321
Supplemental disclosure of non-cash investing and financing activities:
Unrealized losses on cash flow hedges		0	(1,133)
Changes in accrued capital expenditures (1)	[1]	(454)	(4,789)
Write-off of fully depreciated real estate assets		15,468	12,033
Write-off of fully amortized leasing costs		12,848	5,842
Write-off of fully amortized debt issuance costs		2,983	0
Adjustment of Redeemable Common Units to fair value		9,396	(38,705)
Issuances of Common Units to acquire real estate assets		0	6,163
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities		$ 65,500	$ 63,200
[1]	Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities at March 31, 2021 and 2020 were $65.5 million and $63.2 million, respectively.

Description of Business and Sig

Description of Business and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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 real estate investment trust (“REIT”) that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the “Operating Partnership”). At March 31, 2021, we owned or had an interest in 27.4 million rentable square feet of in-service properties, 0.8 million rentable square feet of office properties under development and approximately 230 acres of development land. The Company is the sole general partner of the Operating Partnership. At March 31, 2021, the Company owned all of the Preferred Units and 103.6 million, or 97.3%, of the Common Units in the Operating Partnership. Limited partners owned the remaining 2.8 million Common Units. 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. We also consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At March 31, 2021, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). All intercompany transactions and accounts have been eliminated. The unaudited interim consolidated financial statements and accompanying unaudited consolidated financial information, in the opinion of management, contain all adjustments (including normal recurring accruals) necessary for a fair presentation of our financial position, results of operations and cash flows. We have condensed or omitted certain notes and other information from the interim Consolidated Financial Statements presented in this Quarterly Report as permitted by SEC rules and regulations. These Consolidated Financial Statements should be read in conjunction with our 2020 Annual Report on Form 10-K. Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates. Insurance We are primarily self-insured for health care claims for participating employees. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities. At March 31, 2021, a reserve of $0.4 million was recorded to cover estimated reported and unreported claims. Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance in this ASU is optional and may be elected now through December 31, 2022 as reference rate reform activities occur. We will continue to evaluate the impact of this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria. Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, lessors may provide rent deferrals and other lease concessions to lessees. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, we would have to determine, on a lease by lease basis, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows us, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. We have elected the practical expedient and will not apply lease modification accounting on a lease by lease basis where applicable. As a result, $2.5 million of deferred rent is included in accounts receivable on our Consolidated Balance Sheets at March 31, 2021.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Leases We generally lease our office properties to lessees in exchange for fixed monthly payments that cover rent, property taxes, insurance and certain cost recoveries, primarily common area maintenance. Office properties owned by us that are under lease are primarily located in Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa and are leased to a wide variety of lessees across many industries. Our leases are operating leases and mostly range from three

Consolidated Variable Interest

Consolidated Variable Interest Entity	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
Consolidated Variable Interest Entity	Consolidated Variable Interest EntityIn 2019, we and The Bromley Companies formed a joint venture (the “Midtown One joint venture”) to construct Midtown West, a 150,000 square foot, multi-customer office building located in the mixed-use Midtown Tampa project in Tampa’s Westshore submarket. Midtown West has an anticipated total investment of $71.3 million. Construction of Midtown West began in the third quarter of 2019 with a scheduled completion date in the second quarter of 2021. At closing, we agreed to contribute cash of $20.0 million, which has been fully funded, in exchange for an 80.0% interest in the Midtown One joint venture and The Bromley Companies contributed land valued at $5.0 million in exchange for the remaining 20.0% interest. We also committed to provide a $46.3 million interest-only secured construction loan to the Midtown One joint venture that is scheduled to mature on the second anniversary of completion. The loan bears interest at LIBOR plus 250 basis points. As of March 31, 2021, $21.1 million under the loan has been funded. We determined that we have a variable interest in the Midtown One joint venture primarily because the entity was designed to pass along interest rate risk, equity price risk and operation risk to us as both a debt and an equity holder and The Bromley Companies as an equity holder. The Midtown One joint venture was further determined to be a variable interest entity as it requires additional subordinated financial support in the form of a loan because the initial equity investment provided by us and The Bromley Companies is not sufficient to finance its planned investments and operations. We, as majority owner and managing member and through our control rights as set forth in the joint venture’s governance documents, were determined to be the primary beneficiary as we have both the power to direct the activities that most significantly affect the entity (primarily lease rates, property operations and capital expenditures) and significant economic exposure through our equity investment and loan commitment. As such, the Midtown One joint venture is consolidated and all intercompany transactions and accounts are eliminated. The following table sets forth the assets and liabilities of the Midtown One joint venture included on our Consolidated Balance Sheets: March 31, Development in-process $ 49,039 Cash and cash equivalents $ 85 Deferred leasing costs $ 196 Prepaid expenses and other assets $ 127 Accounts payable, accrued expenses and other liabilities $ 2,127 The assets of the Midtown One joint venture can be used only to settle obligations of the joint venture and its creditors have no recourse to our wholly owned assets.

Real Estate Assets

Real Estate Assets	3 Months Ended
	Mar. 31, 2021
Real Estate [Abstract]
Real Estate Assets	Real Estate Assets Acquisitions During the first quarter of 2021, we acquired our joint venture partner’s 75.0% interest in our Highwoods DLF Forum, LLC joint venture (the “Forum”), which owned five buildings in Raleigh encompassing 636,000 rentable square feet, for a purchase price of $131.3 million. We previously accounted for our 25.0% interest in this joint venture using the equity method of accounting. The assets and liabilities of the joint venture are now wholly owned and we have determined the acquisition constitutes an asset purchase. As such, because the Forum is not a variable interest entity, we allocated our previously held equity interest at historical cost along with the consideration paid and acquisition costs to the assets acquired and liabilities assumed. The assets acquired and liabilities assumed were recorded at relative fair value as determined by management, with the assistance of third party specialists, based on information available at the acquisition date and on current assumptions as to future operations. Dispositions

Intangible Assets and Below Mar

Intangible Assets and Below Market Lease Liabilities	3 Months Ended
	Mar. 31, 2021
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: March 31, December 31, Assets: Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 367,727 $ 361,027 Less accumulated amortization (147,937) (151,698) $ 219,790 $ 209,329 Liabilities (in accounts payable, accrued expenses and other liabilities): Acquisition-related below market lease liabilities $ 62,490 $ 63,748 Less accumulated amortization (36,647) (37,838) $ 25,843 $ 25,910 The following table sets forth amortization of intangible assets and below market lease liabilities: Three Months Ended 2021 2020 Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) $ 8,571 $ 8,798 Amortization of lease incentives (in rental and other revenues) $ 448 $ 490 Amortization of acquisition-related intangible assets (in rental and other revenues) $ 277 $ 288 Amortization of acquisition-related intangible assets (in rental property and other expenses) $ — $ 139 Amortization of acquisition-related below market lease liabilities (in rental and other revenues) $ (1,429) $ (1,566) 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) April 1 through December 31, 2021 $ 27,307 $ 1,169 $ 725 $ (3,757) 2022 32,692 1,396 910 (4,214) 2023 29,031 1,322 754 (3,838) 2024 25,668 1,173 664 (3,171) 2025 20,705 1,095 546 (1,813) Thereafter 67,577 4,603 2,453 (9,050) $ 202,980 $ 10,758 $ 6,052 $ (25,843) Weighted average remaining amortization periods as of March 31, 2021 (in years) 8.2 9.4 9.0 8.4 The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2021 acquisition activity: Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues) Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues) Amount recorded at acquisition $ 2,036 $ 13,168 $ (1,361) Weighted average remaining amortization periods as of March 31, 2021 (in years) 7.4 5.9 5.9

Mortgages and Notes Payable

Mortgages and Notes Payable	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Mortgages and Notes Payable	Mortgages and Notes Payable The following table sets forth our mortgages and notes payable: March 31, December 31, Secured indebtedness $ 92,850 $ 93,350 Unsecured indebtedness 2,391,063 2,390,652 Less-unamortized debt issuance costs (13,441) (13,981) Total mortgages and notes payable, net $ 2,470,472 $ 2,470,021 At March 31, 2021, our secured mortgage loan was collateralized by real estate assets with an undepreciated book value of $147.9 million. During the first quarter of 2021, we entered into a new $750.0 million unsecured revolving credit facility, which replaced our previously existing $600.0 million revolving credit facility and includes an accordion feature that allows for an additional $550.0 million of borrowing capacity subject to additional lender commitments. Our new revolving credit facility is scheduled to mature in March 2025. Assuming no defaults have occurred, we have an option to extend the maturity for two additional six-month periods. The current interest rate on the new facility at our existing credit ratings is LIBOR plus 90 basis points and the annual facility fee is 20 basis points. The interest rate and facility fee are based on the higher of the publicly announced ratings from Moody’s Investors Service or Standard & Poor’s Ratings Services. The financial and other covenants under the new facility are substantially similar to our previous credit facility. We incurred $4.8 million of debt issuance costs, which will be amortized along with certain existing unamortized debt issuance costs over the remaining term of our new revolving credit facility. We recorded $0.1 million of loss on debt extinguishment. There were no amounts outstanding under our new revolving credit facility at March 31, 2021. There was $160.0 million outstanding under our new revolving credit facility at April 20, 2021. At both March 31, 2021 and April 20, 2021, we had $0.1 million of outstanding letters of credit, which reduces the availability on our revolving credit facility. As a result, the unused capacity of our revolving credit facility at March 31, 2021 and April 20, 2021 was $749.9 million and $589.9 million, respectively. We are currently in compliance with financial covenants with respect to our consolidated debt. We have considered our short-term liquidity needs and the adequacy of our estimated cash flows from operating activities and other available financing sources to meet these needs. We intend to 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.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The counterparties under our swaps are major financial institutions. The swap agreements contain a provision whereby if we default on certain of our indebtedness and which default results in repayment of such indebtedness being, or becoming capable of being, accelerated by the lender, then we could also be declared in default on our swaps. Our interest rate swaps have been designated as and are being accounted for as cash flow hedges with changes in fair value recorded in other comprehensive income/(loss) each reporting period. We have no collateral requirements related to our interest rate swaps. Amounts reported in accumulated other comprehensive income/(loss) related to derivatives will be reclassified to interest expense as interest payments are made on our debt. During the period from April 1, 2021 through March 31, 2022, we estimate that $0.4 million will be reclassified as a net increase to interest expense. The following table sets forth the fair value of our derivatives: March 31, December 31, Derivatives: Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities: Interest rate swaps $ 650 $ 846 The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive loss and interest expense: Three Months Ended 2021 2020 Derivatives Designated as Cash Flow Hedges: Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives: Interest rate swaps $ — $ (1,133) Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense: Interest rate swaps $ 122 $ (72)

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Noncontrolling Interests in Consolidated Affiliates At March 31, 2021, our noncontrolling interests in consolidated affiliates relate to our joint venture partners’ 50.0% interest in office properties in Richmond and 20.0% interest in an office development property in Tampa. Our joint venture partners are unrelated third parties. Noncontrolling Interests in the Operating Partnership The following table sets forth the Company’s noncontrolling interests in the Operating Partnership: Three Months Ended 2021 2020 Beginning noncontrolling interests in the Operating Partnership $ 112,499 $ 133,216 Adjustment of noncontrolling interests in the Operating Partnership to fair value 9,266 (42,301) Issuances of Common Units — 6,163 Net income attributable to noncontrolling interests in the Operating Partnership 1,493 4,960 Distributions to noncontrolling interests in the Operating Partnership (1,363) (1,364) Total noncontrolling interests in the Operating Partnership $ 121,895 $ 100,674 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 2021 2020 Net income available for common stockholders $ 54,459 $ 185,473 Issuances of Common Units — (6,163) Change from net income available for common stockholders and transfers from noncontrolling interests $ 54,459 $ 179,310

Disclosure About Fair Value of

Disclosure About Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2021
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 interest rate swaps. The fair value of mortgages and notes receivable and mortgages and notes payable is estimated by the income approach utilizing contractual cash flows and market-based interest rates to approximate the price that would be paid in an orderly transaction between market participants. The fair value of 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 at March 31, 2021: Assets: Mortgages and notes receivable, at fair value (1) $ 1,292 $ — $ 1,292 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,712 2,712 — Total Assets $ 4,004 $ 2,712 $ 1,292 Noncontrolling Interests in the Operating Partnership $ 121,895 $ 121,895 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,554,474 $ — $ 2,554,474 Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 650 — 650 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,712 2,712 — Total Liabilities $ 2,557,836 $ 2,712 $ 2,555,124 Fair Value at December 31, 2020: Assets: Mortgages and notes receivable, at fair value (1) $ 1,341 $ — $ 1,341 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,573 2,573 — Total Assets $ 3,914 $ 2,573 $ 1,341 Noncontrolling Interests in the Operating Partnership $ 112,499 $ 112,499 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,639,163 $ — $ 2,639,163 Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 846 — 846 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,573 2,573 — Total Liabilities $ 2,642,582 $ 2,573 $ 2,640,009 __________

Share-Based Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Payments	Share-Based PaymentsDuring the three months ended March 31, 2021, the Company granted 102,532 shares of time-based restricted stock and 80,568 shares of total return-based restricted stock with weighted average grant date fair values per share of $39.96 and $36.37, respectively. We recorded share-based compensation expense of $3.0 million and $2.5 million during the three months ended March 31, 2021 and 2020, respectively. At March 31, 2021, there was $9.2 million of total unrecognized share-based compensation costs, which will be recognized over a weighted average remaining contractual term of 2.3 years.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table sets forth the components of accumulated other comprehensive loss: Three Months Ended 2021 2020 Cash flow hedges: Beginning balance $ (1,462) $ (471) Unrealized losses on cash flow hedges — (1,133) Amortization of cash flow hedges (1) 122 (72) Total accumulated other comprehensive loss $ (1,340) $ (1,676) __________ (1) Amounts reclassified out of accumulated other comprehensive loss into interest expense.

Real Estate and Other Assets He

Real Estate and Other Assets Held For Sale	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Real Estate and Other Assets Held For Sale	Real Estate and Other Assets Held For Sale The following table sets forth the assets held for sale at March 31, 2021 and December 31, 2020, which are considered non-core: March 31, December 31, Assets: Land $ — $ 2,612 Buildings and tenant improvements — 12,238 Less-accumulated depreciation — (3,577) Net real estate assets — 11,273 Deferred leasing costs, net — 87 Real estate and other assets, net, held for sale $ — $ 11,360

Earnings Per Share and Per Unit

Earnings Per Share and Per Unit	3 Months Ended
	Mar. 31, 2021
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 2021 2020 Earnings per Common Share - basic: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in the Operating Partnership (1,493) (4,960) Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Dividends on Preferred Stock (622) (622) Net income available for common stockholders $ 54,459 $ 185,473 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 103,963 103,813 Net income available for common stockholders $ 0.52 $ 1.79 Earnings per Common Share - diluted: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Dividends on Preferred Stock (622) (622) Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 103,963 103,813 Add: Stock options using the treasury method 8 25 Noncontrolling interests Common Units 2,839 2,795 Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions 106,810 106,633 Net income available for common stockholders $ 0.52 $ 1.79 __________ (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 2021 2020 Earnings per Common Unit - basic: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Distributions on Preferred Units (622) (622) Net income available for common unitholders $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 106,393 106,199 Net income available for common unitholders $ 0.53 $ 1.79 Earnings per Common Unit - diluted: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Distributions on Preferred Units (622) (622) Net income available for common unitholders $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 106,393 106,199 Add: Stock options using the treasury method 8 25 Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions 106,401 106,224 Net income available for common unitholders $ 0.53 $ 1.79 __________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments. Our segment information for the three months ended March 31, 2020 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of recent dispositions. Three Months Ended 2021 2020 Rental and Other Revenues: Office: Atlanta $ 35,975 $ 37,959 Charlotte 9,134 8,933 Nashville 35,159 34,497 Orlando 12,559 13,022 Pittsburgh 14,618 14,948 Raleigh 37,042 32,553 Richmond 11,462 12,260 Tampa 24,424 25,244 Total Office Segment 180,373 179,416 Other 3,432 13,384 Total Rental and Other Revenues $ 183,805 $ 192,800 Net Operating Income: Office: Atlanta $ 24,000 $ 25,183 Charlotte 7,252 7,202 Nashville 24,993 24,753 Orlando 7,712 8,005 Pittsburgh 8,889 8,670 Raleigh 28,136 23,636 Richmond 8,053 8,691 Tampa 16,640 16,533 Total Office Segment 125,675 122,673 Other 1,941 7,925 Total Net Operating Income 127,616 130,598 Reconciliation to net income: Depreciation and amortization (60,927) (61,150) General and administrative expenses (9,952) (10,930) Interest expense (19,768) (21,277) Other income 312 69 Gains on disposition of property 18,937 153,067 Equity in earnings of unconsolidated affiliates 637 963 Net income $ 56,855 $ 191,340

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2021
Loss Contingency [Abstract]
Contingencies	ContingenciesSince early March 2020, efforts to slow the spread of the COVID-19 virus have had a significant impact on the U.S. economy. We continue to follow the policies described in Notes 1 and 2 to our Consolidated Financial Statements contained in our 2020 Annual Report on Form 10-K, including those related to impairments of real estate assets and investments in unconsolidated affiliates, leases and estimates of credit losses on operating lease receivables. While the results of our current analyses did not result in any material adjustments to amounts as of and during the three months ended March 31, 2021, circumstances related to the COVID-19 pandemic may result in recording impairments, lease modifications and credit losses in future periods.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 15, 2021, we prepaid without penalty the remaining $150.0 million principal amount of 3.20% unsecured notes that was scheduled to mature in June 2021. We expect to record $0.1 million of loss on debt extinguishment related to this prepayment. On April 15, 2021, the Company declared a cash dividend of $0.48 per share of Common Stock, which is payable on June 8, 2021 to stockholders of record as of May 17, 2021. On April 16, 2021, we agreed to acquire a portfolio of office assets from Preferred Apartment Communities, Inc. (NYSE:APTS) (“PAC”). The core portfolio to be acquired consists of the following four Class A office assets in Charlotte and Raleigh, which encompass 1,630,000 square feet in total, and one mixed-use redevelopment site in Atlanta: 150 Fayetteville, Raleigh (CBD); CAPTRUST Tower, Raleigh (North Hills); Capitol Towers, Charlotte (SouthPark); Morrocroft Centre, Charlotte (SouthPark); and Galleria 75, Atlanta (Cumberland/Galleria). We have also agreed to acquire two non-core assets: a mezzanine loan related to a recently constructed office building in Atlanta; and Armour Yards, a multi-building creative office project in Atlanta. Our total investment, including the estimated value of the non-core assets, is expected to be $769 million, which includes $28 million of near-term building improvements and $5 million of transaction costs. The transaction is expected to include, among other things, the assumption of four secured loans collateralized by the core office buildings estimated to be recorded at fair value of $403 million in the aggregate, with a weighted average effective interest rate of 3.7% and a weighted average maturity of 10.8 years. The value of the non-core assets represents less than 12% of the anticipated total investment. The acquisition, which is subject to customary closing conditions, is scheduled to close during the third quarter of 2021. We have posted $50 million of earnest money deposits that are non-refundable except in limited circumstances. As part of the transaction, PAC will separately market Armour Yards for sale to a third party. If PAC chooses not to sell Armour Yards to a third party, we will close on the acquisition of the creative office project no later than the first quarter of 2022. See also Note 15 for information regarding the potential impact of the COVID-19 pandemic in future periods. The severity and duration of the COVID-19 pandemic and the resulting economic recession and the future demand for office space over the long-term are difficult to predict and could materially and adversely impact or disrupt our financial condition, results of operations, cash flows and performance.

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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. We also consolidate those entities deemed to be variable interest entities in which we are determined to be the primary beneficiary. At March 31, 2021, we have involvement with, and are the primary beneficiary in, an entity that we concluded to be a variable interest entity (see Note 3). All intercompany transactions and accounts have been eliminated.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements and accompanying notes. Actual results could differ from those estimates.
Insurance	InsuranceWe are primarily self-insured for health care claims for participating employees. We have stop-loss coverage to limit our exposure to significant claims on a per claim and annual aggregate basis. We determine our liabilities for claims, including incurred but not reported losses, based on all relevant information, including actuarial estimates of claim liabilities.
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) that provides temporary optional expedients and exceptions to the guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). Entities can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance in this ASU is optional and may be elected now through December 31, 2022 as reference rate reform activities occur. We will continue to evaluate the impact of this ASU; however, we currently expect to avail ourselves of such optional expedients and exceptions should our modified contracts meet the required criteria.

Consolidated Variable Interes_2

Consolidated Variable Interest Entity (Tables)	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
Schedule of Variable Interest Entities	The following table sets forth the assets and liabilities of the Midtown One joint venture included on our Consolidated Balance Sheets: March 31, Development in-process $ 49,039 Cash and cash equivalents $ 85 Deferred leasing costs $ 196 Prepaid expenses and other assets $ 127 Accounts payable, accrued expenses and other liabilities $ 2,127

Intangible Assets and Below M_2

Intangible Assets and Below Market Lease Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
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: March 31, December 31, Assets: Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets) $ 367,727 $ 361,027 Less accumulated amortization (147,937) (151,698) $ 219,790 $ 209,329 Liabilities (in accounts payable, accrued expenses and other liabilities): Acquisition-related below market lease liabilities $ 62,490 $ 63,748 Less accumulated amortization (36,647) (37,838) $ 25,843 $ 25,910
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 2021 2020 Amortization of deferred leasing costs and acquisition-related intangible assets (in depreciation and amortization) $ 8,571 $ 8,798 Amortization of lease incentives (in rental and other revenues) $ 448 $ 490 Amortization of acquisition-related intangible assets (in rental and other revenues) $ 277 $ 288 Amortization of acquisition-related intangible assets (in rental property and other expenses) $ — $ 139 Amortization of acquisition-related below market lease liabilities (in rental and other revenues) $ (1,429) $ (1,566)
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) April 1 through December 31, 2021 $ 27,307 $ 1,169 $ 725 $ (3,757) 2022 32,692 1,396 910 (4,214) 2023 29,031 1,322 754 (3,838) 2024 25,668 1,173 664 (3,171) 2025 20,705 1,095 546 (1,813) Thereafter 67,577 4,603 2,453 (9,050) $ 202,980 $ 10,758 $ 6,052 $ (25,843) Weighted average remaining amortization periods as of March 31, 2021 (in years) 8.2 9.4 9.0 8.4
Total Intangible Assets and Below Market Lease Liabilities from Acquisition Activity	The following table sets forth the intangible assets acquired and below market lease liabilities assumed as a result of 2021 acquisition activity: Acquisition-Related Intangible Assets (amortized in Rental and Other Revenues) Acquisition-Related Intangible Assets (amortized in Depreciation and Amortization) Acquisition-Related Below Market Lease Liabilities (amortized in Rental and Other Revenues) Amount recorded at acquisition $ 2,036 $ 13,168 $ (1,361) Weighted average remaining amortization periods as of March 31, 2021 (in years) 7.4 5.9 5.9

Mortgages and Notes Payable (Ta

Mortgages and Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Consolidated Mortgages and Notes Payable	The following table sets forth our mortgages and notes payable: March 31, December 31, Secured indebtedness $ 92,850 $ 93,350 Unsecured indebtedness 2,391,063 2,390,652 Less-unamortized debt issuance costs (13,441) (13,981) Total mortgages and notes payable, net $ 2,470,472 $ 2,470,021

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Fair Value	The following table sets forth the fair value of our derivatives: March 31, December 31, Derivatives: Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities: Interest rate swaps $ 650 $ 846
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table sets forth the effect of our cash flow hedges on accumulated other comprehensive loss and interest expense: Three Months Ended 2021 2020 Derivatives Designated as Cash Flow Hedges: Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives: Interest rate swaps $ — $ (1,133) Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense: Interest rate swaps $ 122 $ (72)

Noncontrolling Interests (Table

Noncontrolling Interests (Tables) - Highwoods Properties, Inc. [Member]	3 Months Ended
	Mar. 31, 2021
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 2021 2020 Beginning noncontrolling interests in the Operating Partnership $ 112,499 $ 133,216 Adjustment of noncontrolling interests in the Operating Partnership to fair value 9,266 (42,301) Issuances of Common Units — 6,163 Net income attributable to noncontrolling interests in the Operating Partnership 1,493 4,960 Distributions to noncontrolling interests in the Operating Partnership (1,363) (1,364) Total noncontrolling interests in the Operating Partnership $ 121,895 $ 100,674
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 2021 2020 Net income available for common stockholders $ 54,459 $ 185,473 Issuances of Common Units — (6,163) Change from net income available for common stockholders and transfers from noncontrolling interests $ 54,459 $ 179,310

Disclosure About Fair Value o_2

Disclosure About Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
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 at March 31, 2021: Assets: Mortgages and notes receivable, at fair value (1) $ 1,292 $ — $ 1,292 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,712 2,712 — Total Assets $ 4,004 $ 2,712 $ 1,292 Noncontrolling Interests in the Operating Partnership $ 121,895 $ 121,895 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,554,474 $ — $ 2,554,474 Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 650 — 650 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,712 2,712 — Total Liabilities $ 2,557,836 $ 2,712 $ 2,555,124 Fair Value at December 31, 2020: Assets: Mortgages and notes receivable, at fair value (1) $ 1,341 $ — $ 1,341 Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets) 2,573 2,573 — Total Assets $ 3,914 $ 2,573 $ 1,341 Noncontrolling Interests in the Operating Partnership $ 112,499 $ 112,499 $ — Liabilities: Mortgages and notes payable, net, at fair value (1) $ 2,639,163 $ — $ 2,639,163 Interest rate swaps (in accounts payable, accrued expenses and other liabilities) 846 — 846 Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities) 2,573 2,573 — Total Liabilities $ 2,642,582 $ 2,573 $ 2,640,009 __________

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of Accumulated Other Comprehensive Loss	The following table sets forth the components of accumulated other comprehensive loss: Three Months Ended 2021 2020 Cash flow hedges: Beginning balance $ (1,462) $ (471) Unrealized losses on cash flow hedges — (1,133) Amortization of cash flow hedges (1) 122 (72) Total accumulated other comprehensive loss $ (1,340) $ (1,676) __________ (1) Amounts reclassified out of accumulated other comprehensive loss into interest expense.

Real Estate and Other Assets _2

Real Estate and Other Assets Held For Sale (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Real Estate and Other Assets of the Properties Classified As Held For Sale	The following table sets forth the assets held for sale at March 31, 2021 and December 31, 2020, which are considered non-core: March 31, December 31, Assets: Land $ — $ 2,612 Buildings and tenant improvements — 12,238 Less-accumulated depreciation — (3,577) Net real estate assets — 11,273 Deferred leasing costs, net — 87 Real estate and other assets, net, held for sale $ — $ 11,360

Earnings Per Share and Per Un_2

Earnings Per Share and Per Unit (Tables)	3 Months Ended
	Mar. 31, 2021
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 2021 2020 Earnings per Common Share - basic: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in the Operating Partnership (1,493) (4,960) Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Dividends on Preferred Stock (622) (622) Net income available for common stockholders $ 54,459 $ 185,473 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 103,963 103,813 Net income available for common stockholders $ 0.52 $ 1.79 Earnings per Common Share - diluted: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Dividends on Preferred Stock (622) (622) Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Share – weighted average shares (1) 103,963 103,813 Add: Stock options using the treasury method 8 25 Noncontrolling interests Common Units 2,839 2,795 Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions 106,810 106,633 Net income available for common stockholders $ 0.52 $ 1.79 __________
Highwoods Realty Limited Partnership [Member]
Earnings Per Share and Per Unit Basic and Diluted [Line Items]
Earnings Per Unit	The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership: Three Months Ended 2021 2020 Earnings per Common Unit - basic: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Distributions on Preferred Units (622) (622) Net income available for common unitholders $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 106,393 106,199 Net income available for common unitholders $ 0.53 $ 1.79 Earnings per Common Unit - diluted: Numerator: Net income $ 56,855 $ 191,340 Net (income) attributable to noncontrolling interests in consolidated affiliates (281) (285) Distributions on Preferred Units (622) (622) Net income available for common unitholders $ 55,952 $ 190,433 Denominator: Denominator for basic earnings per Common Unit – weighted average units (1) 106,393 106,199 Add: Stock options using the treasury method 8 25 Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions 106,401 106,224 Net income available for common unitholders $ 0.53 $ 1.79 __________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables summarize the rental and other revenues and net operating income, the primary industry property-level performance metric used by our chief operating decision maker and which is defined as rental and other revenues less rental property and other expenses, for each of our reportable segments. Our segment information for the three months ended March 31, 2020 has been retrospectively revised from previously reported amounts to reflect a change in our reportable segments as a result of recent dispositions. Three Months Ended 2021 2020 Rental and Other Revenues: Office: Atlanta $ 35,975 $ 37,959 Charlotte 9,134 8,933 Nashville 35,159 34,497 Orlando 12,559 13,022 Pittsburgh 14,618 14,948 Raleigh 37,042 32,553 Richmond 11,462 12,260 Tampa 24,424 25,244 Total Office Segment 180,373 179,416 Other 3,432 13,384 Total Rental and Other Revenues $ 183,805 $ 192,800
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Net Operating Income: Office: Atlanta $ 24,000 $ 25,183 Charlotte 7,252 7,202 Nashville 24,993 24,753 Orlando 7,712 8,005 Pittsburgh 8,889 8,670 Raleigh 28,136 23,636 Richmond 8,053 8,691 Tampa 16,640 16,533 Total Office Segment 125,675 122,673 Other 1,941 7,925 Total Net Operating Income 127,616 130,598 Reconciliation to net income: Depreciation and amortization (60,927) (61,150) General and administrative expenses (9,952) (10,930) Interest expense (19,768) (21,277) Other income 312 69 Gains on disposition of property 18,937 153,067 Equity in earnings of unconsolidated affiliates 637 963 Net income $ 56,855 $ 191,340

Description of Business and S_3

Description of Business and Significant Accounting Policies (Details) shares in Millions, ft² in Millions, $ in Millions	Mar. 31, 2021USD ($)ft²ashares
Description of Business [Abstract]
Rentable square feet of commercial real estate properties (in sq feet) | ft²	27.4
Rentable square feet of commercial real estate office properties under development (in sq feet) | ft²	0.8
Undeveloped land suitable for future development (in acres) | a	230
Self insurance liability | $	$ 0.4
Deferred rents included in accounts receivable | $	$ 2.5
Highwoods Properties, Inc. [Member]
Description of Business [Abstract]
Common Units of partnership owned by the Company (in shares) | shares	103.6
Percentage of ownership of Common Units (in hundredths)	97.30%
Highwoods Realty Limited Partnership [Member]
Description of Business [Abstract]
Common Units of partnership not owned by the Company (in shares) | shares	2.8

Leases ASC 842 (Details)

Leases ASC 842 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lessor Disclosure [Abstract]
Rental and other revenues related to operating lease payments	$ 179.9	$ 189.6
Variable lease income	$ 14.5	$ 16.5
Minimum [Member]
Lessor Disclosure [Abstract]
Operating leases, term of leases (in years)	3 years
Maximum [Member]
Lessor Disclosure [Abstract]
Operating leases, term of leases (in years)	10 years

Consolidated Variable Interes_3

Consolidated Variable Interest Entity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)ft²	Mar. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Consolidated Variable Interest Entity [Abstract]
Rentable square feet of office property under development (in sq feet) | ft²		800,000
Assets and liabilities of consolidated variable interest entity [Abstract]
Development in-process		$ 288,406	$ 259,681
Cash and cash equivalents		49,279	109,322	$ 12,696
Deferred leasing costs		219,790	209,329
Prepaid expense and other assets		72,845	62,885
Accounts payable, accrued expenses and other liabilities		258,026	$ 268,727
Consolidated Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Rentable square feet of office property under development (in sq feet) | ft²	150,000
Total anticipated development costs	$ 71,300
Contribution of cash to acquire interest in consolidated joint venture	$ 20,000
Interest in consolidated joint venture (in hundredths)	80.00%
Partner's contribution of property to acquire interest in consolidated joint venture	$ 5,000
Advance to consolidated affiliate	$ 46,300
Amount of loan funded to affiliate		21,100
Assets and liabilities of consolidated variable interest entity [Abstract]
Development in-process		49,039
Cash and cash equivalents		85
Deferred leasing costs		196
Prepaid expense and other assets		127
Accounts payable, accrued expenses and other liabilities		$ 2,127
Consolidated Variable Interest Entity [Member] | London Interbank Offered Rate (LIBOR) [Member]
Consolidated Variable Interest Entity [Abstract]
Variable interest rate basis	LIBOR
Interest rate, basis spread (in hundredths)	2.50%
Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Partner's interest in consolidated joint venture (in hundredths)		20.00%
Variable Interest Entity [Member] | Consolidated Variable Interest Entity [Member]
Consolidated Variable Interest Entity [Abstract]
Partner's interest in consolidated joint venture (in hundredths)	20.00%

Real Estate Assets (Details)

Real Estate Assets (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)ft²propertyUnit	Mar. 31, 2020USD ($)
Acquisitions [Abstract]
Rentable square feet of commercial real estate properties (in sq feet) | ft²	27,400,000
Dispositions [Abstract]
Gains on disposition of property	$ 18,937	$ 153,067
Forum Buildings Acquisition
Acquisitions [Abstract]
Percentage of partner's interest in asset acquired (in hundredths)	75.00%
Number of buildings sold | propertyUnit	5
Rentable square feet of commercial real estate properties (in sq feet) | ft²	636,000
Acquisition purchase price	$ 131,300
Percentage of equity interest in joint venture (in hundredths)	25.00%
2021 Dispositions
Dispositions [Abstract]
Purchase price of real estate	$ 30,700
Gains on disposition of property	$ 18,900

Intangible Assets and Below M_3

Intangible Assets and Below Market Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Assets:
Deferred leasing costs (including lease incentives and above market lease and in-place lease acquisition-related intangible assets)	$ 367,727		$ 361,027
Deferred leasing costs, accumulated amortization	(147,937)		(151,698)
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	219,790		209,329
Liabilities (in accounts payable, accrued expenses and other liabilities):
Acquisition-related below market lease liabilities, gross	62,490		63,748
Acquisition-related below market lease liabilities, accumulated amortization	(36,647)		(37,838)
Acquisition-related below market lease liabilities, net	25,843		$ 25,910
Amortization of intangible assets and below market lease liabilities [Abstract]
Acquired intangible assets (amortized in rental and other revenue)	2,036
Acquired intangible assets (amortized in depreciation and amortization)	13,168
Assumed below market lease liabilities (amortized in rental and other revenue)	(1,361)
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	202,980
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	8,571	$ 8,798
Lease Incentives (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	10,758
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	448	490
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Assets:
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	6,052
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	277	288
Acquisition-Related Intangible Assets (in Rental Property and Other Expenses) [Member]
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of intangible assets	0	139
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	25,843
Amortization of intangible assets and below market lease liabilities [Abstract]
Amortization of acquisition-related below market lease liabilities	$ (1,429)	$ (1,566)

Intangible Assets and Below M_4

Intangible Assets and Below Market Lease Liabilities - Scheduled Future Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Scheduled future amortization of intangible assets [Abstract]
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 219,790	$ 209,329
Scheduled future amortization of below market lease liabilities [Abstract]
Total scheduled future amortization of acquisition-related below market lease liabilities	(25,843)	$ (25,910)
Deferred Leasing Costs and Acquisition-Related Intangible Assets (in Depreciation and Amortization) [Member]
Scheduled future amortization of intangible assets [Abstract]
April 1 through December 31, 2021	27,307
2022	32,692
2023	29,031
2024	25,668
2025	20,705
Thereafter	67,577
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 202,980
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	8 years 2 months 12 days
Acquired intangible assets, weighted average useful life (in years)	5 years 10 months 24 days
Lease Incentives (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
April 1 through December 31, 2021	$ 1,169
2022	1,396
2023	1,322
2024	1,173
2025	1,095
Thereafter	4,603
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 10,758
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	9 years 4 months 24 days
Acquisition-Related Intangible Assets (in Rental and Other Revenues) [Member]
Scheduled future amortization of intangible assets [Abstract]
April 1 through December 31, 2021	$ 725
2022	910
2023	754
2024	664
2025	546
Thereafter	2,453
Deferred leasing costs, net/Total scheduled future amortization of intangible assets	$ 6,052
Weighted average remaining amortization periods for intangible assets and below market lease liabilities [Abstract]
Finite-lived intangible assets, average useful life (in years)	9 years
Acquired intangible assets, weighted average useful life (in years)	7 years 4 months 24 days
Acquisition-Related Below Market Lease Liabilities (in Rental and Other Revenues) [Member]
Scheduled future amortization of below market lease liabilities [Abstract]
April 1 through December 31, 2021	$ (3,757)
2022	(4,214)
2023	(3,838)
2024	(3,171)
2025	(1,813)
Thereafter	(9,050)
Total scheduled future amortization of acquisition-related below market lease liabilities	$ (25,843)
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 4 months 24 days
Assumed finite-lived below market lease liabilities, weighted average useful life (in years)	5 years 10 months 24 days

Mortgages and Notes Payable (De

Mortgages and Notes Payable (Details)	3 Months Ended
	Mar. 31, 2021USD ($)extension	Mar. 31, 2020USD ($)	Apr. 20, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Mortgages and notes payable	$ 2,470,472,000			$ 2,470,021,000
Unamortized debt issuance costs	(13,441,000)			(13,981,000)
Loss on debt extinguishment	(76,000)	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity on revolving credit facility	750,000,000			600,000,000
Additional borrowing capacity on revolving credit facility	$ 550,000,000
Number of additional extensions | extension	2
Term of optional extension	6 months
Deferred financing fees	$ 4,800,000
Loss on debt extinguishment	(100,000)
Amount outstanding on revolving credit facility	0
Outstanding letters of credit on revolving credit facility	100,000
Unused borrowing capacity on revolving credit facility	749,900,000
Secured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	92,850,000			93,350,000
Aggregate undepreciated book value of secured real estate assets	147,900,000
Unsecured indebtedness [Member]
Debt Instrument [Line Items]
Mortgages and notes payable	$ 2,391,063,000			$ 2,390,652,000
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Facility interest rate basis	LIBOR
Interest rate, basis spread (in hundredths)	0.90%
Annual facility fee (in hundredths)	0.20%
Subsequent Event [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding on revolving credit facility			$ 160,000,000
Outstanding letters of credit on revolving credit facility			100,000
Unused borrowing capacity on revolving credit facility			$ 589,900,000

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Expected net increase to interest expense	$ 400
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
Interest rate swaps	650		$ 846
Amount of unrealized losses recognized in accumulated other comprehensive loss on derivatives:
Interest rate swaps	0	$ (1,133)
Amount of (gains)/losses reclassified out of accumulated other comprehensive loss into interest expense:
Interest rate swaps	$ 122	$ (72)

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership	$ 112,499
Adjustment of noncontrolling interests in the Operating Partnership to fair value	9,266	$ (42,301)
Net income attributable to noncontrolling interests in the Operating Partnership	1,493	4,960
Distributions to noncontrolling interests in the Operating Partnership	(1,363)	(1,364)
Total noncontrolling interests in the Operating Partnership	121,895
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	54,459	185,473
Highwoods Properties, Inc. [Member]
Noncontrolling Interests in the Operating Partnership [Roll Forward]
Beginning noncontrolling interests in the Operating Partnership	112,499	133,216
Adjustment of noncontrolling interests in the Operating Partnership to fair value	9,266	(42,301)
Issuances of Common Units	0	6,163
Net income attributable to noncontrolling interests in the Operating Partnership	1,493	4,960
Distributions to noncontrolling interests in the Operating Partnership	(1,363)	(1,364)
Total noncontrolling interests in the Operating Partnership	121,895	100,674
Net Income Available for Common Stockholders and Transfers From Noncontrolling Interests in the Operating Partnership [Abstract]
Net income available for common stockholders	54,459	185,473
Issuances of Common Units	0	(6,163)
Change from net income available for common stockholders and transfers from noncontrolling interests	$ 54,459	$ 179,310
Richmond Joint Venture [Member]
Noncontrolling Interests in Consolidated Affiliates [Abstract]
Consolidated joint venture, partner's interest (in hundredths)	50.00%
Tampa Joint Venture [Member]
Noncontrolling Interests in Consolidated Affiliates [Abstract]
Consolidated joint venture, partner's interest (in hundredths)	20.00%

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	Mar. 31, 2021	Dec. 31, 2020
Assets:
Mortgages and notes receivable, at fair value	$ 1,292	$ 1,341
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	2,712	2,573
Total Assets	4,004	3,914
Liabilities:
Mortgages and notes payable, net, at fair value	2,554,474	2,639,163
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	650	846
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,712	2,573
Total Liabilities	2,557,836	2,642,582
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)	2,712	2,573
Total Assets	2,712	2,573
Liabilities:
Mortgages and notes payable, net, at fair value	0	0
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	0	0
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	2,712	2,573
Total Liabilities	2,712	2,573
Level 2 [Member]
Assets:
Mortgages and notes receivable, at fair value	1,292	1,341
Marketable securities of non-qualified deferred compensation plan (in prepaid expenses and other assets)	0	0
Total Assets	1,292	1,341
Liabilities:
Mortgages and notes payable, net, at fair value	2,554,474	2,639,163
Interest rate swaps (in accounts payable, accrued expenses and other liabilities)	650	846
Non-qualified deferred compensation obligation (in accounts payable, accrued expenses and other liabilities)	0	0
Total Liabilities	2,555,124	2,640,009
Highwoods Properties, Inc. [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	121,895	112,499
Highwoods Properties, Inc. [Member] | Level 1 [Member]
Assets:
Noncontrolling Interests in the Operating Partnership	121,895	112,499
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
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,982	$ 2,496
Total unrecognized share-based compensation costs	$ 9,200
Weighted average remaining contractual term for recognition of unrecognized share-based compensation costs (in years)	2 years 3 months 18 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)	102,532
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)	$ 39.96
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)	80,568
Weighted average grant date fair value of each restricted stock share granted (in dollars per share)	$ 36.37

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Loss Calculation [Roll Forward]
Beginning balance	$ (1,462)	$ (471)
Unrealized losses on cash flow hedges	0	(1,133)
Amortization of cash flow hedges	122	(72)
Total accumulated other comprehensive loss	$ (1,340)	$ (1,676)

Real Estate and Other Assets _3

Real Estate and Other Assets Held For Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real Estate and Other Assets Held For Sale [Abstract]
Land	$ 0	$ 2,612
Buildings and tenant improvements	0	12,238
Less-accumulated depreciation	0	(3,577)
Net real estate assets	0	11,273
Deferred leasing costs, net	0	87
Real estate and other assets, net, held for sale	$ 0	$ 11,360

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
	Mar. 31, 2021	Mar. 31, 2020
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 56,855	$ 191,340
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(1,493)	(4,960)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(281)	(285)
Dividends on Preferred Stock	(622)	(622)
Net income available for common stockholders	$ 54,459	$ 185,473
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	103,963	103,813
Earnings per Common Share - basic:
Net income available for common stockholders (in dollars per share)	$ 0.52	$ 1.79
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 56,855	$ 191,340
Net (income) attributable to noncontrolling interests in consolidated affiliates	(281)	(285)
Dividends on Preferred Stock	(622)	(622)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$ 55,952	$ 190,433
Denominator:
Denominator for basic earnings per Common Share - weighted average shares (in shares)	103,963	103,813
Stock options using the treasury method (in shares)	8	25
Noncontrolling interests Common Units (in shares)	2,839	2,795
Denominator for diluted earnings per Common Share - adjusted weighted average shares and assumed conversions (in shares)	106,810	106,633
Earnings per Common Share - diluted:
Net income available for common stockholders (in dollars per share)	$ 0.52	$ 1.79
Highwoods Realty Limited Partnership [Member]
Earnings per Common Share and Per Unit - basic: [Abstract]
Net income	$ 56,855	$ 191,340
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(281)	(285)
Distributions on Preferred Units	(622)	(622)
Net income available for common unitholders	$ 55,952	$ 190,433
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	106,393	106,199
Earnings per Common Unit - basic:
Net income available for common unitholders (in dollars per share)	$ 0.53	$ 1.79
Earnings per Common Share and Per Unit - diluted: [Abstract]
Net income	$ 56,855	$ 191,340
Net (income) attributable to noncontrolling interests in consolidated affiliates	(281)	(285)
Distributions on Preferred Units	(622)	(622)
Net income available for common unitholders	$ 55,952	$ 190,433
Denominator:
Denominator for basic earnings per Common Unit - weighted average units (in shares)	106,393	106,199
Stock options using the treasury method (in shares)	8	25
Denominator for diluted earnings per Common Unit - adjusted weighted average units and assumed conversions (in shares)	106,401	106,224
Earnings per Common Unit - diluted:
Net income available for common unitholders (in dollars per share)	$ 0.53	$ 1.79

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	$ 183,805	$ 192,800
Total Net Operating Income	127,616	130,598
Reconciliation to net income:
Depreciation and amortization	(60,927)	(61,150)
General and administrative expenses	(9,952)	(10,930)
Interest expense	(19,768)	(21,277)
Other income	312	69
Gains on disposition of property	18,937	153,067
Equity in earnings of unconsolidated affiliates	637	963
Net income	56,855	191,340
Total Office Segment [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	180,373	179,416
Total Net Operating Income	125,675	122,673
Office Atlanta, GA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	35,975	37,959
Total Net Operating Income	24,000	25,183
Office Charlotte, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	9,134	8,933
Total Net Operating Income	7,252	7,202
Office Nashville, TN [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	35,159	34,497
Total Net Operating Income	24,993	24,753
Office Orlando, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	12,559	13,022
Total Net Operating Income	7,712	8,005
Office Pittsburgh, PA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	14,618	14,948
Total Net Operating Income	8,889	8,670
Office Raleigh, NC [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	37,042	32,553
Total Net Operating Income	28,136	23,636
Office Richmond, VA [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	11,462	12,260
Total Net Operating Income	8,053	8,691
Office Tampa, FL [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	24,424	25,244
Total Net Operating Income	16,640	16,533
Other [Member]
Segment Reporting Information [Line Items]
Total Rental and Other Revenues	3,432	13,384
Total Net Operating Income	$ 1,941	$ 7,925

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Thousands	Apr. 16, 2021USD ($)ft²propertyUnitnumberOfLoansnumberOfAssets	Apr. 15, 2021USD ($)$ / shares	Mar. 31, 2021USD ($)ft²$ / shares	Mar. 31, 2020USD ($)$ / shares
Subsequent Event [Line Items]
Loss on debt extinguishment			$ (76)	$ 0
Acquisition rentable square feet (in sq ft) | ft²			27,400,000
Subsequent Event [Member] | PAC Portfolio Acquisition [Member]
Subsequent Event [Line Items]
Number of office properties acquired | propertyUnit	4
Acquisition rentable square feet (in sq ft) | ft²	1,630,000
Number of redevelopment properties acquired | propertyUnit	1
Number of non-core assets acquired | numberOfAssets	2
Acquisition purchase price	$ 769,000
Transaction costs	$ 5,000
Number of loans assumed in acquisition | numberOfLoans	4
Fair value of debt assumed from the acquisition	$ 403,000
Effective interest rate of secured debt assumed from the acquisition	3.70%
Term of debt instrument, in years	10 years 9 months 18 days
Percentage of total investment related to non-core assets	12.00%
Near-term building improvements included in acquisition	$ 28,000
Initial incremental investment amount of acquisition	$ 50,000
Subsequent Event [Member] | 3.20% (3.363% effective rate) Notes due 2021 [Member]
Subsequent Event [Line Items]
Early repayment of debt		$ 150,000
Stated interest rate (in hundredths)		3.20%
Loss on debt extinguishment		$ (100)
Highwoods Properties, Inc. [Member]
Subsequent Event [Line Items]
Dividends on Common Stock (per share) | $ / shares			$ 0.48	$ 0.48
Highwoods Properties, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends on Common Stock (per share) | $ / shares		$ 0.48