Sensitivity

New Development — For-Sale Development · two-way stress testing on the live assumption set.

Levered IRR sensitivity

Rows: Sale price per sqft · Columns: Cost per unit

Sale price per sqft \ Cost per unit$3.60M$3.80M$4.00M$4.20M$4.40M
$1,7008.2%4.0%-0.2%-4.6%-9.1%
$1,80013.0%9.1%5.1%1.0%-3.1%
$1,90017.4%13.6%9.8%6.0%2.1%
$2,00021.5%17.8%14.2%10.5%6.8%
$2,10025.6%21.7%18.1%14.6%11.1%

Outlined cell is the base case. Colours are set against the target threshold (22.0%), not relative ranking.