HIGHWOODS PROPERTIES INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
HIW$31.46-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Financial Statements: Consolidated Balance Sheets as of December 31, 2024 and 2023
Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets: | ||
| Real estate assets, at cost: | ||
| Land | $570,286 | $540,050 |
| Buildings and tenant improvements | 5,826,603 | 5,960,895 |
| Development in-process | — | 8,918 |
| Land held for development | 221,048 | 227,058 |
| 6,617,937 | 6,736,921 | |
| Less-accumulated depreciation | (1,796,586) | (1,743,390) |
| Net real estate assets | 4,821,351 | 4,993,531 |
| Real estate and other assets, net, held for sale | 55,409 | — |
| Cash and cash equivalents | 22,412 | 25,123 |
| Restricted cash | 11,265 | 6,446 |
| Accounts receivable | 28,287 | 28,094 |
| Mortgages and notes receivable | 11,064 | 4,795 |
| Accrued straight-line rents receivable | 308,853 | 310,649 |
| Investments in and advances to unconsolidated affiliates | 485,726 | 343,241 |
| Deferred leasing costs, net of accumulated amortization of $170,312 and $175,697, respectively | 209,967 | 225,924 |
| Prepaid expenses and other assets, net of accumulated depreciation of $20,626 and $22,142, respectively | 75,021 | 65,125 |
| Total Assets | $6,029,355 | $6,002,928 |
| Liabilities, Noncontrolling Interests in the Operating Partnership and Equity: | ||
| Mortgages and notes payable, net | $3,293,559 | $3,213,206 |
| Accounts payable, accrued expenses and other liabilities | 304,551 | 302,180 |
| Total Liabilities | 3,598,110 | 3,515,386 |
| Commitments and contingencies | ||
| Noncontrolling interests in the Operating Partnership | 65,791 | 49,520 |
| Equity: | ||
| Preferred Stock, $0.01 par value, 50,000,000 authorized shares; | ||
| 8.625% Series A Cumulative Redeemable Preferred Shares (liquidation preference $1,000 per share), 28,811 shares issued and outstanding | 28,811 | 28,811 |
| Common Stock, $0.01 par value, 200,000,000 authorized shares; | ||
| 107,623,777 and 105,710,315 shares issued and outstanding, respectively | 1,076 | 1,057 |
| Additional paid-in capital | 3,144,130 | 3,103,446 |
| Distributions in excess of net income available for common stockholders | (810,608) | (698,020) |
| Accumulated other comprehensive loss | (2,246) | (1,997) |
| Total Stockholders’ Equity | 2,361,163 | 2,433,297 |
| Noncontrolling interests in consolidated affiliates | 4,291 | 4,725 |
| Total Equity | 2,365,454 | 2,438,022 |
| Total Liabilities, Noncontrolling Interests in the Operating Partnership and Equity | $6,029,355 | $6,002,928 |
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