WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 105
VALUE PROPOSITION
NAV Progression
(@ constant cap rates)
$ / SH
Yield
55
6%
Avg Yld = 4.4% (Div/NAVe)
50
5%
45
4%
40
INVESTOR DAY | 2022
3%
35
2%
30
1%
25
20
0%
2010
2011
2012
2013
2014
2015
2016
NAVe
2017
2018
2019
2020
2021
1Q22
Yield
For illustrative purposes only. Assumes a 7.0% applied cap rate for all periods and all markets, other than exit markets of Greensboro and Memphis (8.0% for both) and Greenville (9.0%).
NAV calculated using the Company’s Components of Net Asset Value page published in the fourth quarter Supplemental Information package each year.
