$HIW
Highwoods Properties Inc Stock $hiw

$hiw Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000092108223000050 Filed on July 25, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$207.1M	$207.3M
YoY Change	0.05%	1.69%
Cost Of Revenue	$67.20M	$66.31M
YoY Change	1.31%	6.31%
Gross Profit	$139.9M	$141.0M
YoY Change	-0.54%	-0.34%
Gross Profit Margin	67.55%	68.01%
Selling, General & Admin	$8.900M	$9.380M
YoY Change	-7.16%	-2.2%
% of Gross Profit	6.36%	6.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$74.70M	$75.02M
YoY Change	2.25%	7.57%
% of Gross Profit	53.4%	53.21%
Operating Expenses	$150.8M	$150.7M
YoY Change	0.23%	-14.71%
Operating Profit	$139.9M	$141.0M
YoY Change	-0.54%	-0.34%
Interest Expense	$34.25M	$34.06M
YoY Change	29.76%	36.11%
% of Operating Profit	24.48%	24.16%
Other Income/Expense, Net	$754.0K	$1.181M
YoY Change	446.38%	884.17%
Pretax Income	$23.20M	$43.87M
YoY Change	-42.16%	-16.6%
Income Tax
% Of Pretax Income
Net Earnings	$23.17M	$43.87M
YoY Change	-42.23%	-16.6%
Net Earnings / Revenue	11.19%	21.16%
Basic Earnings Per Share	$0.21	$0.40
Diluted Earnings Per Share	$0.21	$0.40
COMMON SHARES
Basic Shares Outstanding	105.7M shares	105.5M shares
Diluted Shares Outstanding	107.8M shares	107.8M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.90M	$17.01M
YoY Change	-26.7%	-32.08%
Cash & Equivalents	$16.90M	$17.01M
Short-Term Investments
Other Short-Term Assets	$72.20M	$78.05M
YoY Change	1.29%	-30.89%
Inventory	$4.700M	$4.692M
Prepaid Expenses
Receivables	$333.9M	$324.3M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$427.7M	$424.1M
YoY Change	6.01%	-2.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.036B	$5.055B
YoY Change	-1.56%	2.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$314.5M	$294.2M
YoY Change	253.45%	1934.72%
Other Assets	$236.9M	$244.5M
YoY Change	-9.53%	-15.75%
Total Long-Term Assets	$5.597B	$5.604B
YoY Change	2.37%	6.75%
TOTAL ASSETS
Total Short-Term Assets	$427.7M	$424.1M
Total Long-Term Assets	$5.597B	$5.604B
Total Assets	$6.024B	$6.028B
YoY Change	2.62%	6.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$288.8M	$274.7M
YoY Change	2.94%	11.81%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$288.8M	$274.7M
YoY Change	2.94%	11.81%
LONG-TERM LIABILITIES
Long-Term Debt	$3.212B	$3.198B
YoY Change	8.03%	14.04%
Other Long-Term Liabilities	$21.70M	$22.91M
YoY Change	-18.84%	-12.01%
Total Long-Term Liabilities	$3.234B	$3.221B
YoY Change	7.79%	13.8%
TOTAL LIABILITIES
Total Short-Term Liabilities	$288.8M	$274.7M
Total Long-Term Liabilities	$3.234B	$3.221B
Total Liabilities	$3.523B	$3.496B
YoY Change	7.37%	13.64%
SHAREHOLDERS EQUITY
Retained Earnings	-$683.2M	-$652.4M
YoY Change	12.33%	9.87%
Common Stock	$1.057M	$1.055M
YoY Change	0.48%	0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.453B	$2.471B
YoY Change
Total Liabilities & Shareholders Equity	$6.024B	$6.028B
YoY Change	2.62%	6.08%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$23.17M	$43.87M
YoY Change	-42.23%	-16.6%
Depreciation, Depletion And Amortization	$74.70M	$75.02M
YoY Change	2.25%	7.57%
Cash From Operating Activities	$103.1M	$115.5M
YoY Change	-12.61%	-9.68%
INVESTING ACTIVITIES
Capital Expenditures	$43.80M	$49.18M
YoY Change	-180.57%	-200.25%
Acquisitions
YoY Change
Other Investing Activities	-$19.10M	$55.54M
YoY Change	-91.21%	43.88%
Cash From Investing Activities	-$62.80M	$6.362M
YoY Change	-76.89%	-160.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-41.90M	-121.1M
YoY Change	-137.69%	54.37%
NET CHANGE
Cash From Operating Activities	103.1M	115.5M
Cash From Investing Activities	-62.80M	6.362M
Cash From Financing Activities	-41.90M	-121.1M
Net Change In Cash	-1.600M	727.0K
YoY Change	-96.24%	-98.13%
FREE CASH FLOW
Cash From Operating Activities	$103.1M	$115.5M
Capital Expenditures	$43.80M	$49.18M
Free Cash Flow	$59.30M	$66.27M
YoY Change	-65.59%	-62.53%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	28821	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-563000	usd
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	52720000	usd
CY2023Q2	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	621000	usd
CY2023Q2	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-1915000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	796000	usd
CY2023Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	947000	usd
CY2023Q2	hiw	Minority Interest In Net Income Loss Limited Partnerships Equity Statement Presentation MinorityInterestInNetIncomeLossLimitedPartnershipsEquityStatementPresentation	0	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	43870000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-74000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	43796000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2475813000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2499000000	usd
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	105341000	usd
	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	1242000	usd
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	9187000	usd
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	usd
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	10000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5321000	usd
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	1933000	usd
	hiw	Minority Interest In Net Income Loss Limited Partnerships Equity Statement Presentation MinorityInterestInNetIncomeLossLimitedPartnershipsEquityStatementPresentation	0	usd
	us-gaap	Noncontrolling Interest Decrease From Deconsolidation NoncontrollingInterestDecreaseFromDeconsolidation	17281000	usd
	us-gaap	Profit Loss ProfitLoss	88824000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-149000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	88675000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2475813000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2492521000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	262000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	1251000	usd
CY2022Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	52577000	usd
CY2022Q2	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	622000	usd
CY2022Q2	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	28696000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6136000	usd
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	2168000	usd
	hiw	Minority Interest In Net Income Loss Limited Partnerships Equity Statement Presentation MinorityInterestInNetIncomeLossLimitedPartnershipsEquityStatementPresentation	0	usd
	us-gaap	Profit Loss ProfitLoss	94705000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-89000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	94616000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2521701000	usd
	us-gaap	Profit Loss ProfitLoss	88824000	usd
	us-gaap	Depreciation Depreciation	145651000	usd
	hiw	Amortization Of Lease Incentives And Acquisition Related Intangible Assets And Liabilities AmortizationOfLeaseIncentivesAndAcquisitionRelatedIntangibleAssetsAndLiabilities	494000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	5321000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	1351000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	390000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2398000	usd
	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	-149000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-172000	usd
	hiw	Impairment Of Long Lived Assets Held For Use Including Discontinued Operations ImpairmentOfLongLivedAssetsHeldForUseIncludingDiscontinuedOperations	0	usd
	hiw	Gain Loss On Disposition Of Property Total GainLossOnDispositionOfPropertyTotal	19818000	usd
	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	11778000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1502000	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	988000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2103000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	8503000	usd
	us-gaap	Straight Line Rent StraightLineRent	15394000	usd
	hiw	Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities	8304000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	181120000	usd
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	18544000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	18658000	usd
	us-gaap	Payments For Leasing Costs Commissions And Tenant Improvements PaymentsForLeasingCostsCommissionsAndTenantImprovements	43720000	usd
	hiw	Payments For Building Improvements PaymentsForBuildingImprovements	43848000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	51538000	usd
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1839000	usd
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	9763000	usd
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	116000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	77736000	usd
	hiw	Repayments Of Preferred Equity From Unconsolidated Affiliates RepaymentsOfPreferredEquityFromUnconsolidatedAffiliates	80000000	usd
	hiw	Payments Of Earnest Money Deposits PaymentsOfEarnestMoneyDeposits	-15500000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	4898000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-68174000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	105341000	usd
	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	10000	usd
	hiw	Paymentsfor Redemptionof Common Units PaymentsforRedemptionofCommonUnits	163000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	988000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	226000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1325000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	159000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	355000000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	200000000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3326000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1305000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-110304000	usd
	us-gaap	Cash Divested From Deconsolidation CashDivestedFromDeconsolidation	6386000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17011000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	5350000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	22361000	usd
	us-gaap	Interest Paid Net InterestPaidNet	63858000	usd
	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	7067000	usd
	hiw	Write Off Fully Depreciated Real Estate Assets WriteOffFullyDepreciatedRealEstateAssets	40556000	usd
	hiw	Write Off Fully Amortized Deferred Leasing Costs WriteOffFullyAmortizedDeferredLeasingCosts	19169000	usd
	hiw	Write Off Fully Amortized Deferred Debt Issuance Costs WriteOffFullyAmortizedDeferredDebtIssuanceCosts	0	usd
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	9187000	usd
CY2023Q2	hiw	Accrued Capital Expenditures AccruedCapitalExpenditures	60500000	usd
CY2023Q2	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2022Q2	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2023Q2	hiw	Rentable Square Feet Of Commercial Real Estate RentableSquareFeetOfCommercialRealEstate	28500000	sqft
CY2023Q2	hiw	Rentable Square Feet Of Commercial Real Estate Under Development RentableSquareFeetOfCommercialRealEstateUnderDevelopment	1600000	sqft
CY2023Q2	hiw	Rentable Square Footage Potential Office Build RentableSquareFootagePotentialOfficeBuild	5200000	sqft
	us-gaap	Partners Capital Account Units Redeemed PartnersCapitalAccountUnitsRedeemed	7294	shares
CY2023Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2023Q2	hiw	Number Of Vie Entities NumberOfVIEEntities	6	numberofentities
CY2023Q1	hiw	Number Of Deconsolidated Joint Venture Properties NumberOfDeconsolidatedJointVentureProperties	3	numberofproperties
	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2023Q2	hiw	Self Insurance Liability SelfInsuranceLiability	500000	usd
CY2023Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure	57100000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	203800000	usd
CY2022Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	200700000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	413200000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	404300000	usd
CY2023Q2	us-gaap	Variable Lease Income VariableLeaseIncome	17500000	usd
CY2022Q2	us-gaap	Variable Lease Income VariableLeaseIncome	17700000	usd
	us-gaap	Variable Lease Income VariableLeaseIncome	37000000	usd
	us-gaap	Variable Lease Income VariableLeaseIncome	35000000	usd
CY2022Q4	hiw	Number Of Joint Ventures Formed NumberOfJointVenturesFormed	2	numberofjointventures
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	407380000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	416579000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	168187000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	163751000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	239193000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	252828000	usd
CY2023Q2	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	54336000	usd
CY2022Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	55304000	usd
CY2023Q2	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	31425000	usd
CY2022Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	29859000	usd
CY2023Q2	us-gaap	Below Market Lease Net BelowMarketLeaseNet	22911000	usd
CY2022Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	25445000	usd
CY2023Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	16028000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	16393000	usd
CY2023Q2	us-gaap	Notes And Loans Payable NotesAndLoansPayable	3198081000	usd
CY2022Q4	us-gaap	Notes And Loans Payable NotesAndLoansPayable	3197215000	usd
CY2023Q2	hiw	Maximum Liquidity Requirements MaximumLiquidityRequirements	P1Y
CY2023Q2	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	9891000	usd
CY2023Q2	hiw	Marketable Securities Of Non Qualified Deferred Compensation Plan Fair Value Disclosure MarketableSecuritiesOfNonQualifiedDeferredCompensationPlanFairValueDisclosure	2170000	usd
CY2023Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	12061000	usd
CY2023Q2	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	2794846000	usd
CY2023Q2	hiw	Non Qualified Deferred Compensation Obligation Fair Value Disclosure NonQualifiedDeferredCompensationObligationFairValueDisclosure	2170000	usd
CY2023Q2	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	2797016000	usd
CY2022Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	1051000	usd
CY2022Q4	hiw	Marketable Securities Of Non Qualified Deferred Compensation Plan Fair Value Disclosure MarketableSecuritiesOfNonQualifiedDeferredCompensationPlanFairValueDisclosure	2564000	usd
CY2022Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	3615000	usd
CY2022Q4	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	2832973000	usd
CY2022Q4	hiw	Non Qualified Deferred Compensation Obligation Fair Value Disclosure NonQualifiedDeferredCompensationObligationFairValueDisclosure	2564000	usd
CY2022Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	2835537000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	800000	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	800000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	5300000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	6100000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	5500000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2023Q2	hiw	Disposal Group Including Discontinued Operations Land DisposalGroupIncludingDiscontinuedOperationsLand	513000	usd
CY2022Q4	hiw	Disposal Group Including Discontinued Operations Land DisposalGroupIncludingDiscontinuedOperationsLand	0	usd
CY2023Q2	hiw	Disposal Group Including Discontinued Operations Building And Tenant Improvements DisposalGroupIncludingDiscontinuedOperationsBuildingAndTenantImprovements	846000	usd
CY2022Q4	hiw	Disposal Group Including Discontinued Operations Building And Tenant Improvements DisposalGroupIncludingDiscontinuedOperationsBuildingAndTenantImprovements	0	usd
CY2023Q2	hiw	Disposal Group Including Discontinued Operations Land Held For Development DisposalGroupIncludingDiscontinuedOperationsLandHeldForDevelopment	3294000	usd
CY2022Q4	hiw	Disposal Group Including Discontinued Operations Land Held For Development DisposalGroupIncludingDiscontinuedOperationsLandHeldForDevelopment	0	usd
CY2023Q2	hiw	Disposal Group Including Discontinued Operations Real Estate Investment Property Accumulated Depreciation DisposalGroupIncludingDiscontinuedOperationsRealEstateInvestmentPropertyAccumulatedDepreciation	131000	usd
CY2022Q4	hiw	Disposal Group Including Discontinued Operations Real Estate Investment Property Accumulated Depreciation DisposalGroupIncludingDiscontinuedOperationsRealEstateInvestmentPropertyAccumulatedDepreciation	0	usd
CY2023Q2	hiw	Disposal Group Including Discontinued Operations Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationsRealEstateInvestmentPropertyNet	4522000	usd
CY2022Q4	hiw	Disposal Group Including Discontinued Operations Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationsRealEstateInvestmentPropertyNet	0	usd
CY2023Q2	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	170000	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	0	usd
CY2023Q2	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	4692000	usd
CY2022Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	0	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	43870000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	52602000	usd
	us-gaap	Profit Loss ProfitLoss	88824000	usd
CY2023Q2	hiw	Minority Interest In Net Income Loss Operating Partnerships Continuing Operations MinorityInterestInNetIncomeLossOperatingPartnershipsContinuingOperations	947000	usd
CY2022Q2	hiw	Minority Interest In Net Income Loss Operating Partnerships Continuing Operations MinorityInterestInNetIncomeLossOperatingPartnershipsContinuingOperations	1203000	usd
	hiw	Minority Interest In Net Income Loss Operating Partnerships Continuing Operations MinorityInterestInNetIncomeLossOperatingPartnershipsContinuingOperations	1933000	usd
	hiw	Minority Interest In Net Income Loss Operating Partnerships Continuing Operations MinorityInterestInNetIncomeLossOperatingPartnershipsContinuingOperations	2168000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	42298000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	50511000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	86132000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	90771000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.40
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.82
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.86
CY2023Q2	us-gaap	Profit Loss ProfitLoss	43870000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	52602000	usd
	us-gaap	Profit Loss ProfitLoss	88824000	usd
	us-gaap	Profit Loss ProfitLoss	94705000	usd
CY2023Q2	us-gaap	Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable	4000	usd
CY2022Q2	us-gaap	Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable	266000	usd
	us-gaap	Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable	-483000	usd
	us-gaap	Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable	523000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	621000	usd
CY2022Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	622000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1242000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1243000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	43245000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	51714000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	88065000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	92939000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	105457000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	105163000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	105373000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	105049000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	10000	shares
CY2023Q2	hiw	Weighted Average Noncontrolling Interest Limited Partnership Units Outstanding Diluted WeightedAverageNoncontrollingInterestLimitedPartnershipUnitsOutstandingDiluted	2351000	shares
CY2022Q2	hiw	Weighted Average Noncontrolling Interest Limited Partnership Units Outstanding Diluted WeightedAverageNoncontrollingInterestLimitedPartnershipUnitsOutstandingDiluted	2486000	shares
	hiw	Weighted Average Noncontrolling Interest Limited Partnership Units Outstanding Diluted WeightedAverageNoncontrollingInterestLimitedPartnershipUnitsOutstandingDiluted	2355000	shares
	hiw	Weighted Average Noncontrolling Interest Limited Partnership Units Outstanding Diluted WeightedAverageNoncontrollingInterestLimitedPartnershipUnitsOutstandingDiluted	2495000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107808000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107654000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107728000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107554000	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.40
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.48
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.82
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.86
CY2023Q2	us-gaap	Revenues Revenues	207291000	usd
CY2022Q2	us-gaap	Revenues Revenues	203841000	usd
	us-gaap	Revenues Revenues	420043000	usd
	us-gaap	Revenues Revenues	410219000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	140984000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	141472000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	288005000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	286428000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	75018000	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	69742000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	145651000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	139409000	usd
CY2023Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
CY2022Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	35000000	usd
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	35000000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9380000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9591000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	21795000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	23147000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	34063000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	25027000	usd
	us-gaap	Interest Expense InterestExpense	67161000	usd
	us-gaap	Interest Expense InterestExpense	49420000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1181000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	120000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2328000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	483000	usd
CY2023Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	19368000	usd
CY2022Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	50044000	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	19818000	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	54144000	usd
CY2023Q2	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2022Q2	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	11778000	usd
	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	798000	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	326000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1502000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	626000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	43870000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	52602000	usd
	us-gaap	Profit Loss ProfitLoss	88824000	usd
	us-gaap	Profit Loss ProfitLoss	94705000	usd

Files In Submission

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$HIW
Highwoods Properties Inc Stock $hiw

2023 Q3 Form 10-Q Financial Statement

#000092108223000050 Filed on July 25, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HIW Highwoods Properties Inc Stock $hiw

2023 Q3 Form 10-Q Financial Statement

#000092108223000050 Filed on July 25, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HIW
Highwoods Properties Inc Stock $hiw