WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 14
TRACK RECORD
WELCOME TO SUN
HIGHWOODS
BELT vs GATEWAY REITS: IMPLIED CAP RATES
9.0%
8.0%
HIW implied cap rate
7.0%
260bps
50bps
5.0%
Sunbelt
Source: Green Street
Sunbelt companies include HIW, CUZ, PDM
Gateway companies include BXP, DEI, HPP, KRC, SLG, VNO
Gateway
Mar-22
Nov-21
Jul-21
Mar-21
Nov-20
Jul-20
Mar-20
Nov-19
Jul-19
Mar-19
Nov-18
Jul-18
Mar-18
Nov-17
Jul-17
Mar-17
Nov-16
Jul-16
Mar-16
Nov-15
Jul-15
Mar-15
Nov-14
Jul-14
Mar-14
Nov-13
Jul-13
Mar-13
Nov-12
Jul-12
Mar-12
Nov-11
Jul-11
Mar-11
4.0%
Nov-10
INVESTOR DAY | 2022
6.0%
