WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 121
VALUE PROPOSITION
HIW PER SHARE GROWTH DRIVERS
$ / sh
0.20
Annual
Over Time
Annual Potential
Occupancy
Pot'l
Stabilized
Occupancy
Upside
Op Margins **
Over Time
0.18
0.16
0.14
0.12
0.10
INVESTOR DAY | 2022
0.08
0.06
0.04
0.02
0.00
Rent Growth *
Existing drivers = $0.33 – $0.49 per share 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* **
