WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 112
VALUE PROPOSITION
10 YEAR CREDIT SPREADS – INVESTMENT GRADE OFFICE REITs
(Indicative New Issue Credit Spreads)
Basis
Points
450
400
350
300
INVESTOR DAY | 2022
250
200
150
100
BXP
HIW
KRC
Baa1
BBB+
Baa2
BBB
Baa2
BBB
Source: PNC Capital Markets as of 5/2/2022
PDM
Baa2
BBB
VNO
HPP
BDN
OFC
OPI
Baa2
BBB-
Baa2
BBB-
Baa3
BBB-
Baa3
BBB-
Baa3
BBB-