WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 128
INVESTOR DAY | 2022
VALUE PROPOSITION
THE LAST 3 QUARTERS
EBITDAre
Debt
As of 6/30/21
476
2,452
PAC Portfolio Acquisition
Development Land Acquisitions
Announced Dispositions
Higher 1Q G&A (annualized)
Development
ATM
Change in Other Assets/Liabilities
49
0
(20)
(14)
24
0
0
641
84
(363)
0
75
(22)
17
Subtotal
516
2,885
Organic
Growth
Impact
/ Retained
Organic
Growth
Impact
/ Retained
CFCFCF
Organic
Growth
Impact
/ Retained
As
of
3/31/22
of3/31/22
3/31/22
AsAsof
14141414
Debt / EBITDAre
5.2x
5.6x
(66)
(66)
(66)
(66)
530 2,819
2,819
530
2,819
530
5.3x
5.3x
5.3x
* 1Q22 G&A expenses were $3.9 million higher than the run rate for the subsequent three quarters because of the retirement plan impact on the
Company’s annual long-term equity grants, which are made in March of each year.
