CORP CRR 2024 8.5x11 v10 - Flipbook - Page 10
2 0 2 4 CO R P O RATE RESI LIENCY REPORT
RESILIENCY THROUGHOUT OUR ORGANIZATION
BUSINESS RESILIENCY GOALS
Resiliency is a core component of the Highwoods Strategic Plan
and is bolstered by our core values, creating a strong foundation
of trust, adaptability and collective problem-solving. We believe
in building an enduring business that not only survives but
prospers and thrives in all economic cycles.
• Manage our company in an ethical and
transparent manner
Our confidence for the future and the resiliency of our portfolio
are supported by the following objectives:
• Maintain a resilient balance sheet that positions us
to invest, grow and create value for all stakeholders
INTEGRATION OF OUR CORE VALUES—integrity, collaboration,
communication and solutions—to guide our day-to-day decision
making and shape our culture.
• Drive resiliency across the organization using our
integrated enterprise risk management framework
FOCUS ON THE BBDs OF HIGH-GROWTH MARKETS ACROSS THE
U.S. SUN BELT that consistently outperform national averages.
• Leverage our independent Board of Directors and our
seasoned Management team to ensure our company
operations, including resiliency, are aligned with
business, stakeholder and societal interests
MAINTAIN A STRONG BALANCE SHEET with ample liquidity that
positions us to capitalize on potential growth opportunities in
the coming years.
MITIGATE FUTURE RISKS through diversification of markets,
customers, industries and lease size.
STRENGTHEN OUR LONG-TERM CASH FLOWS by growing net
effective rents and being efficient with our capital expenditure
spending.
CAPITALIZE ON THE ACCELERATED “FLIGHT TO QUALITY” TREND
through the acquisition and development of high-quality assets
and the disposition of non-core assets.
MAINTAIN A DISCIPLINED INVENTORY OF WELL-LOCATED LAND
for future office and mixed-used development.
Overseen by our Board of Directors, the Highwoods Corporate
Resiliency Team is responsible for advancing our long-term
resiliency and sustainability initiatives. Comprised of a diverse
group of disciplines including executive leadership, the
Corporate Resiliency Team is charged with refining our long-term
resiliency strategy, driving performance improvements across
our portfolio and tracking progress toward defined goals. Our
actions aim to drive business and economic resiliency and are
anchored by our three resiliency pillars: BUSINESS RESILIENCY,
CLIMATE RESILIENCY AND PEOPLE RESILIENCY.
OFFICER MEETING | RALEIGH
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