WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 120
VALUE PROPOSITION
HIW FFO GROWTH DRIVERS
$M
Annual
Over Time
Annual Potential
Over Time
20
18
16
14
12
10
INVESTOR DAY | 2022
8
6
4
2
0
Rent Growth *
Occupancy
Pot'l Upside
Stabilized
Occupancy
Op Margins **
Existing drivers = $36M to $53M of upside potential
* Based on historical leasing spreads over the past seven years
** Assumes 0-100 basis point increase over 2022 outlook
*** Shown as net of reduction in capitalized interest cost upon stabilization of development pipeline (i.e. projected NOI les s increase in interest expense).
Existing Pipeline, Net***
