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8-K

Brixmor Property Group Inc. (BRX)

8-K 2024-10-28 For: 2024-10-28
View Original
Added on April 11, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 28, 2024

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

Maryland 001-36160 45-2433192
Delaware 333-256637-01 80-0831163
(State or Other Jurisdiction<br>of Incorporation) (Commission<br>File Number) (IRS Employer<br>Identification No.)

100 Park Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

450 Lexington Avenue

New York, New York 10017

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share BRX New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

| ☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | | --- | --- || ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | | --- | --- || ☐ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | | --- | --- || ☐ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | | --- | --- |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Brixmor Property Group Inc. Yes ☐ No ☑              Brixmor Operating Partnership LP Yes ☐ No ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On October 28, 2024, Brixmor Property Group Inc. (the "Company") issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the third quarter ended September 30, 2024. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 and Exhibits 99.1 and 99.2 to this Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01     Financial Statements and Exhibits

(d)     The following exhibits are attached to this Current Report on Form 8-K

99.1 Press release issued October 28, 2024.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the third quarter ended September 30, 2024.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 28, 2024 BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary LLC, its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary

Document

Exhibit 99.1

brixmor_logo.jpg

100 Park Avenue : New York, NY 10017 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater

Senior Vice President, Investor Relations

800.468.7526

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS THIRD QUARTER 2024 RESULTS

  • Delivered Record Occupancy and ABR PSF -

NEW YORK, OCTOBER 28, 2024 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024 and 2023, net income was $0.32 per diluted share and $0.21 per diluted share, respectively, and for the nine months ended September 30, 2024 and 2023, net income was $0.84 per diluted share and $0.77 per diluted share, respectively.

Key highlights for the three months ended September 30, 2024 include:

•Executed 1.1 million square feet of new and renewal leases, with rent spreads on comparable space of 21.8%, including 0.6 million square feet of new leases, with rent spreads on comparable space of 31.8%

•Sequentially increased total leased occupancy to a record 95.6%, anchor leased occupancy to a record 97.7%, and small shop leased occupancy to a record 91.1%

◦Commenced $17.7 million of annualized base rent

◦Leased to billed occupancy spread totaled 370 basis points

◦Total signed but not yet commenced new lease population represented 2.7 million square feet and $59.4 million of annualized base rent

•Reported an increase in same property NOI of 4.1%, including a contribution from base rent of 520 basis points

•Reported Nareit FFO of $159.2 million, or $0.52 per diluted share

•Stabilized $33.3 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline totaling $506.8 million at an expected average incremental NOI yield of 9%

•Completed $63.9 million of acquisitions and $73.8 million of dispositions

•Published the Company's annual Corporate Responsibility Report on July 1, 2024 (view the 2023 report at https://www.brixmor.com/corporate-responsibility)

Subsequent events:

•Increased the quarterly dividend by 5.5% to $0.2875 per common share (equivalent to $1.15 per annum), which represents an annualized yield of approximately 4.2% as of October 25, 2024

•Updated previously provided Nareit FFO per diluted share expectations for 2024 to $2.13 - $2.15 from $2.11 - $2.14 and same property NOI growth expectations for 2024 to 4.75% - 5.25% from 4.25% - 5.00%

“Our strong operating results and revised 2024 expectations demonstrate the continued momentum of our transformative and value-added business plan,” commented James Taylor, Chief Executive Officer. "Importantly, our execution provides visibility for our continued outperformance in 2025 and beyond."

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FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended September 30, 2024 and 2023, net income was $96.8 million, or $0.32 per diluted share, and $63.7 million, or $0.21 per diluted share, respectively.

•For the nine months ended September 30, 2024 and 2023, net income was $255.9 million, or $0.84 per diluted share, and $232.4 million, or $0.77 per diluted share, respectively.

•For the three and nine months ended September 30, 2024, general and administrative expense included approximately $2.4 million of one-time severance costs associated with the realignment of the Company's regional operating structure. The realignment, which combines the Company's North and Midwest regions and expands its South region, enables the Company to capitalize on efficiencies of scale resulting from its asset clustering strategy.

Nareit FFO

•For the three months ended September 30, 2024 and 2023, Nareit FFO was $159.2 million, or $0.52 per diluted share, and $152.2 million, or $0.50 per diluted share, respectively. Results for the three months ended September 30, 2024 and 2023 include items that impact FFO comparability, including transaction expenses, net and gain on extinguishment of debt, net, of $0.2 million, or $0.00 per diluted share, and $(0.1) million, or $(0.00) per diluted share, respectively.

•For the nine months ended September 30, 2024 and 2023, Nareit FFO was $486.4 million, or $1.60 per diluted share, and $460.9 million, or $1.52 per diluted share, respectively. Results for the nine months ended September 30, 2024 and 2023 include items that impact FFO comparability, including transaction expenses, net and gain on extinguishment of debt, net, of $0.4 million, or $0.00 per diluted share, and $4.2 million, or $0.01 per diluted share, respectively.

Same Property NOI Performance

•For the three months ended September 30, 2024, the Company reported an increase in same property NOI of 4.1% versus the comparable 2023 period.

•For the nine months ended September 30, 2024, the Company reported an increase in same property NOI of 5.2% versus the comparable 2023 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.2875 per common share (equivalent to $1.15 per annum) for the fourth quarter of 2024, which represents a 5.5% increase.

•The dividend is payable on January 15, 2025 to stockholders of record on January 3, 2025.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended September 30, 2024, the Company stabilized six value enhancing reinvestment projects with a total aggregate net cost of approximately $33.3 million at an average incremental NOI yield of 10% and added six new reinvestment projects to its in process pipeline. Projects added include three anchor space repositioning projects, one outparcel development project, and two redevelopment projects, with a total aggregate net estimated cost of approximately $35.8 million at an expected average incremental NOI yield of 9%.

•At September 30, 2024, the value enhancing reinvestment in process pipeline was comprised of 43 projects with an aggregate net estimated cost of approximately $506.8 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 18 anchor space repositioning projects with an aggregate net estimated cost of approximately $88.6 million at an expected incremental NOI

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yield of 7% - 14%; seven outparcel development projects with an aggregate net estimated cost of approximately $14.8 million at an expected average incremental NOI yield of 12%; and 18 redevelopment projects with an aggregate net estimated cost of approximately $403.5 million at an expected average incremental NOI yield of 9%.

•An in-depth review of a redevelopment project which highlights the Company's reinvestment capabilities, Middletown Plaza (New York-Newark-Jersey City, NY-NJ CBSA), can be found at this link: https://www.brixmor.com/blog/middletown-plaza-trader-joes.

•Follow Brixmor on LinkedIn for video updates on reinvestment projects at https://www.linkedin.com/company/brixmor.

Acquisitions

•During the three months ended September 30, 2024, the Company acquired two shopping centers and one land parcel at an existing property for a combined purchase price of $63.9 million, including:

◦The Fresh Market Shoppes (previously announced), located in Hilton Head Island, South Carolina (Hilton Head Island-Bluffton-Port Royal, SC CBSA), for $23.6 million.

◦Acton Plaza, a 137,572 square foot grocery-anchored community shopping center located in the affluent suburb of Acton, Massachusetts (Boston-Cambridge-Newton, MA-NH CBSA), for $38.0 million. Acton Plaza is anchored by a Roche Bros. grocer and T.J. Maxx/HomeGoods and has compelling near-term leasing opportunities and below-market in-place rents. The property complements the Company’s six other assets in the market and will benefit from leasing and operational synergies resulting from the Company’s clustered assets in the trade area.

•During the nine months ended September 30, 2024, the Company acquired three shopping centers and one land parcel at an existing property for a combined purchase price of $81.2 million.

Dispositions

•During the three months ended September 30, 2024, the Company generated approximately $73.8 million of gross proceeds on the disposition of two shopping centers, as well as four partial properties.

•During the nine months ended September 30, 2024, the Company generated approximately $143.1 million of gross proceeds on the disposition of five shopping centers, as well as six partial properties.

CAPITAL STRUCTURE

•During the three and nine months ended September 30, 2024, the Company raised approximately $20.0 million of gross proceeds, excluding commissions, from the sale of approximately 0.7 million shares of common stock at an average price per share of $27.92 through its at-the-market (“ATM”) equity offering program.

•At September 30, 2024, the Company had $1.7 billion in liquidity.

•At September 30, 2024, the Company's net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months were 5.7x.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2024 to $2.13 - $2.15 from $2.11 - $2.14 and same property NOI growth expectations for 2024 to 4.75% - 5.25% from 4.25% - 5.00%.

•Expectations for 2024 Nareit FFO:

◦Do not contemplate any additional tenants moving to or from a cash basis of accounting, either of which may result in significant volatility in straight-line rental income

◦Do not include any additional items that impact FFO comparability, which include transaction expenses, net and gain or loss on extinguishment of debt, net, or any other one-time items

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•The following table provides a reconciliation of the range of the Company's 2024 estimated net income to Nareit FFO:

(Unaudited, dollars in millions, except per share amounts) 2024E 2024E Per Diluted Share
Net income $324 - $330 $1.07 - $1.09
Depreciation and amortization related to real estate 365 1.20
Gain on sale of real estate assets (54) (0.18)
Impairment of real estate asset 11 0.04
Nareit FFO $646 - $652 $2.13 - $2.15

CONNECT WITH BRIXMOR

•For additional information, please visit https://www.brixmor.com;

•Follow Brixmor on:

◦LinkedIn at https://www.linkedin.com/company/brixmor

◦Facebook at https://www.facebook.com/Brixmor

◦Instagram at https://www.instagram.com/brixmorpropertygroup; and

◦YouTube at https://www.youtube.com/user/Brixmor.

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, October 29, 2024 at 10:00 AM ET. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through November 12, 2024 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13748655) or via the web through October 29, 2025 at https://www.brixmor.com in the Investors section.

The Company’s Supplemental Disclosure will be posted at https://www.brixmor.com in the Investors section. These materials are also available to all interested parties upon request to the Company at investorrelations@brixmor.com or 800.468.7526.

NON-GAAP PERFORMANCE MEASURES

The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance. A reconciliation of net income to these non-GAAP performance measures is presented in the attached tables.

Nareit FFO

Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of

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depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis. Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.

Same Property NOI

Same property NOI is a supplemental, non-GAAP performance measure utilized to evaluate the operating performance of real estate companies. Same property NOI is calculated (using properties owned for the entirety of both periods and excluding properties under development and completed new development properties that have been stabilized for less than one year) as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). Same property NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) income or expense associated with the Company's captive insurance company, (vi) depreciation and amortization, (vii) impairment of real estate assets, (viii) general and administrative expense, and (ix) other income and expense (including interest expense and gain on sale of real estate assets). Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, income or expense associated with the Company’s captive insurance company, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that same property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.

Net Principal Debt to Adjusted EBITDA, current quarter annualized & Net Principal Debt to Adjusted EBITDA, trailing twelve months

Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are supplemental non-GAAP measures utilized to evaluate the performance of real estate companies in relation to outstanding debt. Net principal debt is calculated as Debt obligations, net, calculated in accordance with GAAP, excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. Adjusted EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, (iii) depreciation and amortization, (iv) gains and losses from the sale of certain real estate assets, (v) gains and losses from change in control, (vi) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, (vii) gain (loss) on extinguishment of debt, net, and (viii) other items that the Company believes are not indicative of the Company's operating performance. Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are calculated as net principal debt divided by quarterly annualized adjusted EBITDA or trailing twelve month adjusted EBITDA, respectively. Considering the nature of its business as a real estate owner and operator, the Company believes that net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are useful to investors in measuring its operating performance because they exclude items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate, are widely known and understood measures of performance, independent of a company's capital

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structure and items which can make periodic and peer analyses of performance more difficult, and can provide investors with a more consistent basis by which to compare the Company with its peers.

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 360 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the “Investors” page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.

SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2023, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; and (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, and taxes. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of As of
9/30/24 12/31/23
Assets
Real estate
$ 1,791,843 $ 1,794,011
8,740,670 8,570,874
131,564 126,007
501,393 504,995
11,165,470 10,995,887
(3,372,860) (3,198,980)
Real estate, net 7,792,610 7,796,907
Cash and cash equivalents 451,326 866
Restricted cash 1,121 18,038
Marketable securities 21,205 19,914
Receivables, net, including straight-line rent receivables of 202,758 and 180,810, respectively 260,571 278,775
Deferred charges and prepaid expenses, net 172,947 164,061
Other assets 50,037 54,155
Total assets $ 8,749,817 $ 8,332,716
Liabilities
Debt obligations, net $ 5,338,681 $ 4,933,525
Accounts payable, accrued expenses and other liabilities 530,560 548,890
Total liabilities 5,869,241 5,482,415
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,020 3,006
Additional paid-in capital 3,331,941 3,310,590
Accumulated other comprehensive loss (759) (2,700)
Distributions in excess of net income (453,626) (460,595)
Total equity 2,880,576 2,850,301
Total liabilities and equity $ 8,749,817 $ 8,332,716

All values are in US Dollars.

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CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Revenues
Rental income $ 319,989 $ 307,118 $ 955,065 $ 927,440
Other revenues 693 196 1,547 1,111
Total revenues 320,682 307,314 956,612 928,551
Operating expenses
Operating costs 36,442 35,058 110,518 106,658
Real estate taxes 42,902 42,156 120,659 130,556
Depreciation and amortization 94,829 96,254 278,065 272,807
Impairment of real estate assets 5,863 — 11,143 17,836
General and administrative 30,250 29,182 88,430 86,868
Total operating expenses 210,286 202,650 608,815 614,725
Other income (expense)
Dividends and interest 5,289 273 15,798 345
Interest expense (55,410) (47,364) (160,553) (143,529)
Gain on sale of real estate assets 37,018 6,712 53,974 59,037
Gain on extinguishment of debt, net 273 6 554 4,356
Other (726) (555) (1,700) (1,645)
Total other expense (13,556) (40,928) (91,927) (81,436)
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Net income per common share:
Basic $ 0.32 $ 0.21 $ 0.84 $ 0.77
Diluted $ 0.32 $ 0.21 $ 0.84 $ 0.77
Weighted average shares:
Basic 302,676 301,007 302,518 300,955
Diluted 303,608 302,511 303,377 302,447
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Depreciation and amortization related to real estate 93,495 95,160 273,386 269,714
Gain on sale of real estate assets (37,018) (6,712) (53,974) (59,037)
Impairment of real estate assets 5,863 — 11,143 17,836
Nareit FFO $ 159,180 $ 152,184 $ 486,425 $ 460,903
Nareit FFO per diluted share $ 0.52 $ 0.50 $ 1.60 $ 1.52
Weighted average diluted shares outstanding 303,608 302,511 303,377 302,447
Items that impact FFO comparability
Transaction expenses, net $ (73) $ (103) $ (131) $ (198)
Gain on extinguishment of debt, net 273 6 554 4,356
Total items that impact FFO comparability $ 200 $ (97) $ 423 $ 4,158
Items that impact FFO comparability, net per share $ 0.00 $ (0.00) $ 0.00 $ 0.01
Additional Disclosures
Straight-line rental income, net $ 8,133 $ 5,088 $ 23,669 $ 16,510
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,701 2,178 5,235 6,414
Straight-line ground rent expense, net (1) 8 8 19 25
Dividends declared per share $ 0.2725 $ 0.2600 $ 0.8175 $ 0.7800
Dividends declared $ 82,312 $ 78,155 $ 246,533 $ 234,451
Dividend payout ratio (as % of Nareit FFO) 51.7 % 51.4 % 50.7 % 50.9 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
viii
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SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 Change 9/30/24 9/30/23 Change
Same Property NOI Analysis
Number of properties 352 352 — 350 350 —
Percent billed 91.9 % 90.2 % 1.7 % 91.9 % 90.1 % 1.8 %
Percent leased 95.6 % 94.1 % 1.5 % 95.6 % 94.1 % 1.5 %
Revenues
Base rent $ 228,531 $ 217,396 $ 673,705 $ 646,068
Expense reimbursements 72,230 67,084 209,598 204,007
Revenues deemed uncollectible (4,670) (613) (5,634) (3,669)
Ancillary and other rental income / Other revenues 6,080 5,728 17,858 17,111
Percentage rents 1,248 1,495 7,790 7,133
303,419 291,090 4.2 % 903,317 870,650 3.8 %
Operating expenses
Operating costs (35,580) (33,295) (107,362) (100,678)
Real estate taxes (41,913) (40,683) (117,902) (125,358)
(77,493) (73,978) 4.8 % (225,264) (226,036) (0.3) %
Same property NOI $ 225,926 $ 217,112 4.1 % $ 678,053 $ 644,614 5.2 %
NOI margin 74.5 % 74.6 % 75.1 % 74.0 %
Expense recovery ratio 93.2 % 90.7 % 93.0 % 90.3 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 11,135 5.2 % $ 27,637 4.3 %
Revenues deemed uncollectible (4,057) (2.0) % (1,965) (0.3) %
Net expense reimbursements 1,631 0.8 % 6,363 1.0 %
Ancillary and other rental income / Other revenues 352 0.2 % 747 0.1 %
Percentage rents (247) (0.1) % 657 0.1 %
4.1 % 5.2 %
Reconciliation of Net Income to Same Property NOI
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Adjustments:
Non-same property NOI (4,369) (4,780) (15,909) (19,895)
Lease termination fees (1,201) (934) (2,550) (3,879)
Straight-line rental income, net (8,133) (5,088) (23,669) (16,510)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,701) (2,178) (5,235) (6,414)
Straight-line ground rent expense, net (8) (8) (19) (25)
Depreciation and amortization 94,829 96,254 278,065 272,807
Impairment of real estate assets 5,863 — 11,143 17,836
General and administrative 30,250 29,182 88,430 86,868
Total other expense 13,556 40,928 91,927 81,436
Same property NOI $ 225,926 $ 217,112 $ 678,053 $ 644,614
ix
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EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Interest expense 55,410 47,364 160,553 143,529
Federal and state taxes 616 597 1,982 1,945
Depreciation and amortization 94,829 96,254 278,065 272,807
EBITDA 247,695 207,951 696,470 650,671
Gain on sale of real estate assets (37,018) (6,712) (53,974) (59,037)
Impairment of real estate assets 5,863 — 11,143 17,836
EBITDAre $ 216,540 $ 201,239 $ 653,639 $ 609,470
EBITDAre $ 216,540 $ 201,239 $ 653,639 $ 609,470
Transaction expenses, net 73 103 131 198
Gain on extinguishment of debt, net (273) (6) (554) (4,356)
Total adjustments (200) 97 (423) (4,158)
Adjusted EBITDA $ 216,340 $ 201,336 $ 653,216 $ 605,312
Adjusted EBITDA $ 216,340 $ 201,336 $ 653,216 $ 605,312
Straight-line rental income, net (8,133) (5,088) (23,669) (16,510)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,701) (2,178) (5,235) (6,414)
Straight-line ground rent expense, net (1) (8) (8) (19) (25)
Total adjustments (9,842) (7,274) (28,923) (22,949)
Cash Adjusted EBITDA $ 206,498 $ 194,062 $ 624,293 $ 582,363
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
9/30/24
Debt obligations, net $ 5,338,681
Less: Net unamortized premium (14,980)
Add: Deferred financing fees 27,064
Less: Cash, cash equivalents and restricted cash (452,447)
Net Principal Debt $ 4,898,318
Adjusted EBITDA, current quarter annualized $ 865,360
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.7x
Adjusted EBITDA, trailing twelve months $ 856,911
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.7x
x
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Document

Exhibit 99.2

cover3q.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended September 30, 2024
TABLE OF CONTENTS
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Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA & Reconciliation of Debt Obligations, Net to Net Principal Debt 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
Same Property NOI Analysis 11
Capital Expenditures 12
Capitalization, Liquidity & Debt Ratios 13
Debt Obligations 14
Covenant Disclosure 15
Investment Summary
Acquisitions 17
Dispositions 18
Anchor Space Repositioning Summary 19
Outparcel Development Summary 20
Redevelopment Summary 21
Future Redevelopment Opportunities 23
Portfolio Summary
Portfolio Overview 25
Portfolio Composition 26
Top Forty Retailers Ranked by ABR 27
New & Renewal Lease Summary 28
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 29
Lease Expiration Schedule 30
Major CBSA Detail 31
Properties by State 34
Property List 35
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and YouTube at https://www.youtube.com/user/Brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s other periodic filings with the SEC. The forward looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
Supplemental Disclosure - Three Months Ended September 30, 2024
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
Adjusted SOFR Secured Overnight Financing Rate, plus 0.10%.
Anchor Spaces Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR") Contractual monthly base rent as of a specified date, under leases that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included and all signed leases on space that will be vacated by existing tenants in the near term are excluded.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.<br>References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, & Net Principal Debt to Adjusted EBITDA, trailing twelve months Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. Net Principal Debt to Adjusted EBITDA, current quarter annualized and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated as Net Principal Debt divided by quarterly annualized Adjusted EBITDA or trailing twelve month Adjusted EBITDA, respectively. EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Essential Tenants Businesses deemed necessary for day-to-day living, such as grocery, pharmacy, and general merchandise (discount) businesses.
Generally Accepted Accounting Principles ("GAAP") GAAP refers to a common set of United States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date, excluding all signed leases on space that will be vacated by existing tenants in the near term.
Local Tenants Single-state operators with fewer than 20 locations.
Major Tenants Any grocer and all national / regional anchor tenants.
Nareit National Association of Real Estate Investment Trusts.
Nareit Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Before Tenant Specific Landlord Work Average ABR PSF over the lease term adjusted for tenant improvements and allowances (excluding base building costs) and third-party leasing commissions. For purposes of calculating net effective rent before tenant specific landlord work, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to NOI is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
Net Principal Debt Debt obligations, net, calculated in accordance with GAAP, excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. A reconciliation of debt obligations, net to Net Principal Debt is provided on page 7.
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the estimated incremental third-party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed Billed GLA as a percentage of total GLA.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
Percent Leased Leased GLA as a percentage of total GLA.
PSF Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Same Property NOI is provided on page 11.<br><br>Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis: Three Months<br>Ended 9/30/24 Nine Months<br>Ended 9/30/24
Total properties in Brixmor Property Group portfolio 360 360
Acquired properties excluded from Same Property NOI (3) (4)
Additional exclusions (1) (5) (6)
Same Property NOI pool (2) 352 350
(1) Additional exclusions for the three months ended September 30, 2024 and 2023 include two properties that were subject to partial dispositions in 2023 and three properties that were subject to partial dispositions in 2024. Additional exclusions for the nine months ended September 30, 2024 and 2023 include three properties that were subject to partial dispositions in 2023 and three properties that were subject to partial dispositions in 2024.
(2) The Same Property NOI pool includes the balance of a shopping center when an outparcel has been acquired or if a partial disposition can be disaggregated from the remaining property. One outparcel acquired in 2023 and one outparcel acquired in 2024 are excluded from the Same Property NOI pool for the three and nine months ended September 30, 2024 and 2023.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Secured Overnight Financing Rate ("SOFR") SOFR is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the London Interbank Offered Rate ("LIBOR").
Straight-line Rent Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted <br>       EBITDA, Cash Adjusted EBITDA, <br>       Net Principal Debt to <br>       Adjusted EBITDA, current <br>       quarter annualized, & Net <br>       Principal Debt to Adjusted<br>       EBITDA, trailing twelve months Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months, are useful to investors in measuring its operating performance because they exclude items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, income or expense associated with the Company's captive insurance company, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods. Supplemental Disclosure - Three Months Ended September 30, 2024 Page 2
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RESULTS OVERVIEW & GUIDANCE ↩ Table of Contents
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Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended Nine Months Ended
Summary Financial Results 9/30/24 9/30/23 9/30/24 9/30/23
Total revenues (page 6) 320,682 307,314 956,612 928,551
Net income (page 6) 96,840 63,736 255,870 232,390
Net income per diluted share (page 6) 0.32 0.21 0.84 0.77
NOI (page 10) 230,295 221,892 693,962 664,509
EBITDA (page 7) 247,695 207,951 696,470 650,671
EBITDAre (page 7) 216,540 201,239 653,639 609,470
Adjusted EBITDA (page 7) 216,340 201,336 653,216 605,312
Cash Adjusted EBITDA (page 7) 206,498 194,062 624,293 582,363
Nareit FFO (page 8) 159,180 152,184 486,425 460,903
Nareit FFO per diluted share (page 8) 0.52 0.50 1.60 1.52
Items that impact FFO comparability, net per share (page 8) 0.00 (0.00) 0.00 0.01
Dividends declared per share (page 8) 0.2725 0.2600 0.8175 0.7800
Dividend payout ratio (as % of Nareit FFO) (page 8) 51.7 51.4 50.7 50.9
Three Months Ended
Summary Operating and Financial Ratios 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23
NOI margin (page 10) 74.4 76.0 74.7 72.9 74.2
Same property NOI performance (page 11) (1) 4.1 5.5 5.9 3.1 4.8
Fixed charge coverage, current quarter annualized (page 13) 3.9x 4.1x 4.2x 4.3x 4.3x
Fixed charge coverage, trailing twelve months (page 13) 4.1x 4.2x 4.3x 4.2x 4.2x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (page 7) (2) 5.7x 5.6x 5.6x 6.0x 6.1x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (page 7) (2) 5.7x 5.8x 5.9x 6.1x 6.1x
Outstanding Classes of Stock As of 9/30/24 As of 6/30/24 As of 3/31/24 As of 12/31/23 As of 9/30/23
Common shares outstanding (page 13) 302,063 301,345 301,299 300,596 300,596
Three Months Ended
Summary Acquisitions and Dispositions 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23
Aggregate purchase price of acquisitions (page 17) 63,925 17,250 — 400 —
Aggregate sale price of dispositions (page 18) 73,760 345 68,960 21,576 16,975
NOI adjustment for acquisitions and dispositions, net (3) (678)
Summary Portfolio Statistics (4) As of 9/30/24 As of 6/30/24 As of 3/31/24 As of 12/31/23 As of 9/30/23
Number of properties (page 25) 360 360 359 362 364
Percent billed (page 25) 91.9 91.4 90.6 90.6 90.0
Percent leased (page 25) 95.6 95.4 95.1 94.7 93.9
ABR PSF (page 25) 17.44 17.26 17.12 16.88 16.77
New lease rent spread (page 28) 31.8 50.2 39.7 37.4 52.7
New & renewal lease rent spread (page 28) 21.8 27.7 19.5 19.6 22.3
Total - new, renewal & option lease rent spread (page 28) 15.9 19.7 14.1 15.6 17.5
Total - new, renewal & option GLA (page 28) 2,073,869 2,343,546 2,626,599 2,679,220 2,733,476
2024 Guidance Current Previous(at 7/29/24) YTD
Nareit FFO per diluted share 2.13 - 2.15 2.11 - 2.14 1.60
Same property NOI performance 4.75% - 5.25% 4.25% - 5.00% 5.2%
(1) Reflects same property NOI as reported for the specified period.
(2) Net Principal Debt is as of the end of each specified period.
(3) Represents an estimate of the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended September 30, 2024
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
9/30/24 12/31/23
Assets
Real estate
$ 1,791,843 $ 1,794,011
8,740,670 8,570,874
131,564 126,007
501,393 504,995
11,165,470 10,995,887
(3,372,860) (3,198,980)
Real estate, net 7,792,610 7,796,907
Cash and cash equivalents 451,326 866
Restricted cash 1,121 18,038
Marketable securities 21,205 19,914
Receivables, net, including straight-line rent receivables of 202,758 and 180,810, respectively 260,571 278,775
Deferred charges and prepaid expenses, net 172,947 164,061
Other assets 50,037 54,155
Total assets $ 8,749,817 $ 8,332,716
Liabilities
Debt obligations, net $ 5,338,681 $ 4,933,525
Accounts payable, accrued expenses and other liabilities 530,560 548,890
Total liabilities 5,869,241 5,482,415
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,020 3,006
Additional paid-in capital 3,331,941 3,310,590
Accumulated other comprehensive loss (759) (2,700)
Distributions in excess of net income (453,626) (460,595)
Total equity 2,880,576 2,850,301
Total liabilities and equity $ 8,749,817 $ 8,332,716

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Revenues
Rental income $ 319,989 $ 307,118 $ 955,065 $ 927,440
Other revenues 693 196 1,547 1,111
Total revenues 320,682 307,314 956,612 928,551
Operating expenses
Operating costs 36,442 35,058 110,518 106,658
Real estate taxes 42,902 42,156 120,659 130,556
Depreciation and amortization 94,829 96,254 278,065 272,807
Impairment of real estate assets 5,863 — 11,143 17,836
General and administrative 30,250 29,182 88,430 86,868
Total operating expenses 210,286 202,650 608,815 614,725
Other income (expense)
Dividends and interest 5,289 273 15,798 345
Interest expense (55,410) (47,364) (160,553) (143,529)
Gain on sale of real estate assets 37,018 6,712 53,974 59,037
Gain on extinguishment of debt, net 273 6 554 4,356
Other (726) (555) (1,700) (1,645)
Total other expense (13,556) (40,928) (91,927) (81,436)
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Net income per common share:
Basic $ 0.32 $ 0.21 $ 0.84 $ 0.77
Diluted $ 0.32 $ 0.21 $ 0.84 $ 0.77
Weighted average shares:
Basic 302,676 301,007 302,518 300,955
Diluted 303,608 302,511 303,377 302,447
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 6
--- ---
EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Interest expense 55,410 47,364 160,553 143,529
Federal and state taxes 616 597 1,982 1,945
Depreciation and amortization 94,829 96,254 278,065 272,807
EBITDA 247,695 207,951 696,470 650,671
Gain on sale of real estate assets (37,018) (6,712) (53,974) (59,037)
Impairment of real estate assets 5,863 — 11,143 17,836
EBITDAre $ 216,540 $ 201,239 $ 653,639 $ 609,470
EBITDAre $ 216,540 $ 201,239 $ 653,639 $ 609,470
Transaction expenses, net 73 103 131 198
Gain on extinguishment of debt, net (273) (6) (554) (4,356)
Total adjustments (200) 97 (423) (4,158)
Adjusted EBITDA $ 216,340 $ 201,336 $ 653,216 $ 605,312
Adjusted EBITDA $ 216,340 $ 201,336 $ 653,216 $ 605,312
Straight-line rental income, net (8,133) (5,088) (23,669) (16,510)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,701) (2,178) (5,235) (6,414)
Straight-line ground rent expense, net (1) (8) (8) (19) (25)
Total adjustments (9,842) (7,274) (28,923) (22,949)
Cash Adjusted EBITDA $ 206,498 $ 194,062 $ 624,293 $ 582,363
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
9/30/24
Debt obligations, net $ 5,338,681
Less: Net unamortized premium (14,980)
Add: Deferred financing fees 27,064
Less: Cash, cash equivalents and restricted cash (452,447)
Net Principal Debt $ 4,898,318
Adjusted EBITDA, current quarter annualized $ 865,360
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.7x
Adjusted EBITDA, trailing twelve months $ 856,911
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.7x
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 7
--- ---
FUNDS FROM OPERATIONS (FFO) ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Depreciation and amortization related to real estate 93,495 95,160 273,386 269,714
Gain on sale of real estate assets (37,018) (6,712) (53,974) (59,037)
Impairment of real estate assets 5,863 — 11,143 17,836
Nareit FFO $ 159,180 $ 152,184 $ 486,425 $ 460,903
Nareit FFO per diluted share $ 0.52 $ 0.50 $ 1.60 $ 1.52
Weighted average diluted shares outstanding 303,608 302,511 303,377 302,447
Items that impact FFO comparability
Transaction expenses, net $ (73) $ (103) $ (131) $ (198)
Gain on extinguishment of debt, net 273 6 554 4,356
Total items that impact FFO comparability $ 200 $ (97) $ 423 $ 4,158
Items that impact FFO comparability, net per share $ 0.00 $ (0.00) $ 0.00 $ 0.01
Additional Disclosures
Straight-line rental income, net $ 8,133 $ 5,088 $ 23,669 $ 16,510
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,701 2,178 5,235 6,414
Straight-line ground rent expense, net (1) 8 8 19 25
Dividends declared per share $ 0.2725 $ 0.2600 $ 0.8175 $ 0.7800
Dividends declared $ 82,312 $ 78,155 $ 246,533 $ 234,451
Dividend payout ratio (as % of Nareit FFO) 51.7 % 51.4 % 50.7 % 50.9 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 8
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SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
9/30/24 12/31/23
Deferred charges and prepaid expenses, net
Deferred charges, net $ 144,255 $ 141,816
Prepaid expenses, net 28,692 22,245
Total deferred charges and prepaid expenses, net $ 172,947 $ 164,061
Other assets
Right-of-use asset $ 29,429 $ 32,350
Furniture, fixtures and leasehold improvements, net 13,384 14,120
Interest rate swaps — 4,364
Other 7,224 3,321
Total other assets $ 50,037 $ 54,155
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 273,645 $ 289,215
Below market leases, net 80,652 82,583
Dividends payable 86,016 85,692
Lease liability 32,068 36,105
Interest rate swaps 7,953 6,877
Other 50,226 48,418
Total accounts payable, accrued expenses and other liabilities $ 530,560 $ 548,890
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Net Operating Income Detail
Base rent $ 233,198 $ 223,079 $ 689,997 $ 668,380
Expense reimbursements 73,596 68,927 214,394 211,404
Revenues deemed uncollectible (4,636) (544) (5,638) (3,591)
Ancillary and other rental income / Other revenues 6,238 6,092 18,551 18,261
Percentage rents 1,251 1,560 7,854 7,294
Operating costs (36,450) (35,066) (110,537) (106,683)
Real estate taxes (42,902) (42,156) (120,659) (130,556)
Net operating income $ 230,295 $ 221,892 $ 693,962 $ 664,509
Operating Ratios
NOI margin (NOI / revenues) 74.4 % 74.2 % 75.0 % 73.7 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 92.7 % 89.3 % 92.7 % 89.1 %
Reconciliation of Net Income to Net Operating Income
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Lease termination fees (1,201) (934) (2,550) (3,879)
Straight-line rental income, net (8,133) (5,088) (23,669) (16,510)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,701) (2,178) (5,235) (6,414)
Straight-line ground rent expense, net (1) (8) (8) (19) (25)
Depreciation and amortization 94,829 96,254 278,065 272,807
Impairment of real estate assets 5,863 — 11,143 17,836
General and administrative 30,250 29,182 88,430 86,868
Total other expense 13,556 40,928 91,927 81,436
Net operating income $ 230,295 $ 221,892 $ 693,962 $ 664,509
Supplemental Statement of Operations Detail
Rental income
Base rent $ 233,198 $ 223,079 $ 689,997 $ 668,380
Expense reimbursements 73,596 68,927 214,394 211,404
Revenues deemed uncollectible (4,636) (544) (5,638) (3,591)
Lease termination fees 1,201 934 2,550 3,879
Straight-line rental income, net 8,133 5,088 23,669 16,510
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,701 2,178 5,235 6,414
Ancillary and other rental income 5,545 5,896 17,004 17,150
Percentage rents 1,251 1,560 7,854 7,294
Total rental income $ 319,989 $ 307,118 $ 955,065 $ 927,440
Other revenues $ 693 $ 196 $ 1,547 $ 1,111
Interest expense
Note interest $ 48,665 $ 40,832 $ 142,174 $ 124,824
Unsecured credit facility and term loan interest 6,628 6,673 18,045 18,727
Capitalized interest (960) (1,089) (2,887) (2,987)
Deferred financing cost amortization 1,778 1,694 5,369 5,163
Debt premium and discount accretion, net (701) (746) (2,148) (2,198)
Total interest expense $ 55,410 $ 47,364 $ 160,553 $ 143,529
Other
Federal and state taxes $ 616 $ 597 $ 1,982 $ 1,945
Other 110 (42) (282) (300)
Total other $ 726 $ 555 $ 1,700 $ 1,645
Additional Disclosures
Capitalized construction compensation costs $ 4,456 $ 4,733 $ 14,409 $ 13,638
Capitalized real estate taxes, insurance, and utilities 603 1,005 2,414 2,893
Capitalized leasing legal costs (2) 846 892 2,504 3,286
Capitalized leasing commission costs 1,950 1,852 6,043 5,855
Equity compensation expense, net 5,054 5,724 13,855 14,559
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
(2) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 10
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SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 Change 9/30/24 9/30/23 Change
Same Property NOI Analysis
Number of properties 352 352 — 350 350 —
Percent billed 91.9 % 90.2 % 1.7 % 91.9 % 90.1 % 1.8 %
Percent leased 95.6 % 94.1 % 1.5 % 95.6 % 94.1 % 1.5 %
Revenues
Base rent $ 228,531 $ 217,396 $ 673,705 $ 646,068
Expense reimbursements 72,230 67,084 209,598 204,007
Revenues deemed uncollectible (4,670) (613) (5,634) (3,669)
Ancillary and other rental income / Other revenues 6,080 5,728 17,858 17,111
Percentage rents 1,248 1,495 7,790 7,133
303,419 291,090 4.2 % 903,317 870,650 3.8 %
Operating expenses
Operating costs (35,580) (33,295) (107,362) (100,678)
Real estate taxes (41,913) (40,683) (117,902) (125,358)
(77,493) (73,978) 4.8 % (225,264) (226,036) (0.3) %
Same property NOI $ 225,926 $ 217,112 4.1 % $ 678,053 $ 644,614 5.2 %
NOI margin 74.5 % 74.6 % 75.1 % 74.0 %
Expense recovery ratio 93.2 % 90.7 % 93.0 % 90.3 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 11,135 5.2 % $ 27,637 4.3 %
Revenues deemed uncollectible (4,057) (2.0) % (1,965) (0.3) %
Net expense reimbursements 1,631 0.8 % 6,363 1.0 %
Ancillary and other rental income / Other revenues 352 0.2 % 747 0.1 %
Percentage rents (247) (0.1) % 657 0.1 %
4.1 % 5.2 %
Reconciliation of Net Income to Same Property NOI
Net income $ 96,840 $ 63,736 $ 255,870 $ 232,390
Adjustments:
Non-same property NOI (4,369) (4,780) (15,909) (19,895)
Lease termination fees (1,201) (934) (2,550) (3,879)
Straight-line rental income, net (8,133) (5,088) (23,669) (16,510)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,701) (2,178) (5,235) (6,414)
Straight-line ground rent expense, net (8) (8) (19) (25)
Depreciation and amortization 94,829 96,254 278,065 272,807
Impairment of real estate assets 5,863 — 11,143 17,836
General and administrative 30,250 29,182 88,430 86,868
Total other expense 13,556 40,928 91,927 81,436
Same property NOI $ 225,926 $ 217,112 $ 678,053 $ 644,614
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/24 9/30/23 9/30/24 9/30/23
Leasing related:
Tenant improvements and tenant inducements $ 24,540 $ 24,881 $ 69,833 $ 63,279
External leasing commissions 2,503 3,544 9,297 10,269
27,043 28,425 79,130 73,548
Maintenance capital expenditures 14,545 16,620 31,430 41,254
Total leasing related and maintenance capital expenditures $ 41,588 $ 45,045 $ 110,560 $ 114,802
Value-enhancing:
Anchor space repositionings $ 2,407 $ 11,522 $ 29,307 $ 31,378
Outparcel developments 1,432 2,026 6,419 5,453
Redevelopments 44,403 32,648 94,884 90,497
Other (1) 3,226 5,669 16,678 16,777
Total value-enhancing capital expenditures $ 51,468 $ 51,865 $ 147,288 $ 144,105
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar projects.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 12
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CAPITALIZATION, LIQUIDITY & DEBT RATIOS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars and shares in thousands except per share amounts
As of As of
9/30/24 12/31/23
Common shares outstanding 302,063 300,596
Common share price $ 27.86 $ 23.27
$ 8,415,475 $ 6,994,869
Revolving credit facility $ — $ 18,500
Term loan facility 500,000 500,000
Unsecured notes 4,850,765 4,418,805
5,350,765 4,937,305
14,980 20,974
(27,064) (24,754)
5,338,681 4,933,525
(452,447) (18,904)
$ 4,886,234 $ 4,914,621
$ 13,301,709 $ 11,909,490
Cash, cash equivalents and restricted cash $ 452,447 $ 18,904
Available under Revolving Credit Facility (1) 1,248,597 1,230,074
$ 1,701,044 $ 1,248,978
Principal debt to total market capitalization 40.2 % 41.5 %
Principal debt to total assets, before depreciation 44.1 % 42.8 %
Unencumbered assets to unsecured debt 2.3x 2.3x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (2) 5.7x 6.0x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (2) 5.7x 6.1x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 3.9x 4.3x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.1x 4.2x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 3.9x 4.3x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.1x 4.2x
As of As of
9/30/24 12/31/23
Percentage of total debt: (3)
Fixed 100.0 % 99.6 %
Variable — % 0.4 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 4.5 4.1
Variable — 2.5
Total 4.5 4.1
Fitch Ratings BBB Stable
Moody's Investors Service Baa3 Positive
S&P Global Ratings BBB Stable
(1) Funds available under the Revolving Credit Facility are reduced by outstanding letters of credit totaling 1.4 million.
(2) Net Principal Debt is as of the end of each specified period.
(3) Includes the impact of the Company's interest rate swap agreements.
(4) As of October 28, 2024.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 13
DEBT OBLIGATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2024 $ — — %
2025 632,312 3.85 %
2026 607,542 4.17 %
2027 900,000 4.46 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
2032 — — %
2033 — — %
2034+ 800,000 5.63 %
Total Debt Obligations $ 5,350,765 4.10 %
Net unamortized premium 14,980
Deferred financing costs (27,064)
Debt Obligations, Net $ 5,338,681
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Term Loan Facility (Adjusted SOFR + 93 basis points) (2)(3)(4) $ 500,000 4.91 % 7/26/27 9.34 %
Unsecured Notes
3.85% 2025 Brixmor OP Notes 632,312 3.85 % 2/1/25 11.82 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 11.21 %
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.11 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.01 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.48 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.04 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.10 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 6.54 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 14.02 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.06 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 14.95 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 9.35 %
5.50%, 2034 Brixmor OP Notes 400,000 5.50 % 2/15/34 7.48 %
5.75%, 2035 Brixmor OP Notes 400,000 5.75 % 2/15/35 7.48 %
Total Fixed Rate Unsecured Notes 4,850,765 4.01 % 90.66 %
Total Fixed Rate Debt $ 5,350,765 4.10 % 100.00 %
Revolving Credit Facility (Adjusted SOFR + 83 basis points) (4) $ — 5.89 % 6/30/26 — %
Total Variable Rate Debt $ — 5.89 % — %
Total Debt Obligations $ 5,350,765 4.10 % 100.00 %
Net unamortized premium 14,980
Deferred financing costs (27,064)
Debt Obligations, Net $ 5,338,681
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective July 26, 2024, 300.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 4.08% (plus a spread, currently 93 basis points, and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.
(3) Effective May 1, 2023, 200.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread, currently 93 basis points, and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.
(4) Effective July 8, 2024, the Term Loan Facility and Revolving Credit Facility qualify for a 2 basis point rate reduction due to the achievement of certain sustainability metric targets for the year ended December 31, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 9/30/24
I. Aggregate debt test < 65% 45.1 %
Total Debt 5,338,681
Total Assets 11,832,679
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 11,832,679
III. Unencumbered asset ratio > 150% 221.6 %
Total Unencumbered Assets 11,832,679
Unsecured Debt 5,338,681
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 3.9x 3.8x
Consolidated EBITDA 856,911 871,982
Annual Debt Service Charge 221,763 229,497
(1) The Company had no secured debt as of September 30, 2024.
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, 2.500% 2031 Notes, 5.500% 2034 Notes, and 5.750% 2035 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on May 23, 2024 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 9/30/24
I. Leverage ratio < 60% 34.1 %
Total Outstanding Indebtedness 5,350,765
Balance Sheet Cash (1) 459,051
Total Asset Value 14,340,766
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 459,051
Total Asset Value 14,340,766
III. Unsecured leverage ratio < 60% 34.1 %
Total Unsecured Indebtedness 5,350,765
Unrestricted Cash (3) 457,930
Unencumbered Asset Value 14,340,766
IV. Fixed charge coverage ratio > 1.5x 4.2x
Total Net Operating Income 931,596
Capital Expenditure Reserve 9,517
Fixed Charges 221,822
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of September 30, 2024.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the Unsecured Credit Facility covenant calculations and definitions of capitalized terms please refer to the Third Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 28, 2022 filed as Exhibit 10.1 to Form 10-Q, filed with the Securities and Exchange Commission on May 2, 2022.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 15
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> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended September 30, 2024
ACQUISITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Purchase Date Purchase Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
There were no acquisitions completed during the three months ended March 31, 2024.
Three Months Ended June 30, 2024
West Center New York-Newark-Jersey City, NY-NJ 4/24/24 $ 17,250 42,594 98.9 % 29.53 Wild by Nature Market (King Kullen)
$ 17,250 42,594
Three Months Ended September 30, 2024
The Fresh Market Shoppes Hilton Head Island-Bluffton-Port Royal, SC 7/15/24 $ 23,625 86,398 98.1 % 18.74 The Fresh Market
Land at Kings Market (4) Atlanta-Sandy Springs-Roswell, GA 7/17/24 2,300 1.0 acres — % — -
Acton Plaza Boston-Cambridge-Newton, MA-NH 8/15/24 38,000 137,572 95.3 % 19.27 Roche Bros, T.J.Maxx/HomeGoods
$ 63,925 223,970 / <br>1.0 acres
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2024 $ 81,175 266,564 / <br>1.0 acres
(1) Data presented is as of the quarter end subsequent to the acquisition date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Acquired in connection with future redevelopment project.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 17
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DISPOSITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Sale Date Sale Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2024
18 Ryan Detroit-Warren-Dearborn, MI 1/31/24 $ 12,400 101,564 100.0 % $ 10.01 Dream Market, Dollar Tree, Planet Fitness
Mall at 163rd Street Miami-Fort Lauderdale-West Palm Beach, FL 3/11/24 46,000 342,385 76.8 % 12.83 Citi Trends, Ross Dress for Less
North Dixie Plaza Elizabethtown, KY 3/28/24 10,560 130,466 100.0 % 8.62 At Home, Staples
$ 68,960 574,415
Three Months Ended June 30, 2024
Land at Western Village (4) Cincinnati, OH-KY-IN 4/23/24 $ 95 — — % $ — -
Victory Square - Bridgestone (4) Savannah, GA 6/20/24 250 6,702 100.0 % N/A -
$ 345 6,702
Three Months Ended September 30, 2024
Arbor Faire - multi-tenant outparcel (4) Fresno, CA 8/12/24 $ 5,000 15,000 100.0 % $ 25.00 -
Festival Centre Charleston-North Charleston, SC 8/28/24 21,750 325,347 72.7 % 10.76 American Freight, NewSpring Church, Planet Fitness
Presidential Plaza West Miami-Fort Lauderdale-West Palm Beach, FL 8/30/24 11,900 88,441 98.2 % 13.14 Sedano's, Family Dollar
Land at Springdale (4) Mobile, AL 9/10/24 680 1.8 acres — % — -
Commons of Chicago Ridge - The Home Depot (4) Chicago-Naperville-Elgin, IL-IN 9/30/24 29,680 113,918 100.0 % 17.50 The Home Depot
Springdale - Piccadilly (4) Mobile, AL 9/30/24 4,750 11,700 100.0 % 36.41 Piccadilly
$ 73,760 554,406 / <br>1.8 acres
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2024 $ 143,065 1,135,523 /<br>1.8 acres
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold. Supplemental Disclosure - Three Months Ended September 30, 2024 Page 18
--- ---
ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Name CBSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2024
1 Culpeper Town Square Washington-Arlington-Alexandria, DC-VA-MD-WV Remerchandise former bowling alley with a 25K SF Grocery Outlet
2 Capitol Shopping Center Concord, NH Rightsize existing Burlington Stores to 23K SF to accommodate the addition of a 13K SF Boot Barn, a 10K SF Five Below, and a 9K SF Ulta
3 Franklin Square Charlotte-Concord-Gastonia, NC-SC Rightsize existing Pep Boys to 8K SF to accommodate the addition of a 14K SF Boot Barn
In Process Projects (1)
4 Springdale Mobile, AL Remerchandise former Michaels with a 10K SF Five Below and additional retailers
5 Gateway Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Party City with an 11K SF Five Below and a 4K SF Wells Fargo
6 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
7 Arapahoe Crossings Denver-Aurora-Centennial, CO Remerchandise former Stein Mart with a 17K SF Ace Hardware and a 13K SF Activate
8 Coastal Way - Coastal Landing - Project II Tampa-St. Petersburg-Clearwater, FL Demolish former Sears to accommodate construction of a 104K SF BJ's Wholesale Club
9 Rivercrest Shopping Center Chicago-Naperville-Elgin, IL-IN Remerchandise former Best Buy with a 55K SF Tony's Fresh Market (Heritage Grocers)
10 Pine Tree Shopping Center Portland-South Portland, ME Remerchandise former Big Lots with a 25K SF ALDI
11 Arborland Center Ann Arbor, MI Remerchandise former Bed Bath & Beyond with a 22K SF Marshalls, a 20K SF HomeGoods and additional retailers
12 Redford Plaza Detroit-Warren-Dearborn, MI Relocate and rightsize existing Burlington Stores to 30K SF and remerchandise the vacated space with a 23K SF Ross Dress for Less and a 15K SF Aaron's
13 Sun Ray Shopping Center Minneapolis-St. Paul-Bloomington, MN-WI Remerchandise former Valu Thrift Store with a 22K SF Ross Dress for Less and a 12K SF Five Below
14 Bedford Grove Manchester-Nashua, NH Remerchandise former Bed Bath & Beyond with a 29K SF Planet Fitness and additional retailers
15 Parkway Plaza Binghamton, NY Remerchandise former PriceRite with a 22K SF Ross Dress for Less and a 15K SF Boot Barn
16 Kingston Overlook Knoxville, TN Remerchandise former Badcock Furniture with a 24K SF Sprouts Farmers Market
17 Ridglea Plaza Dallas-Fort Worth-Arlington, TX Combine adjacent spaces for a 53K SF EōS Fitness
18 Northshore - Project II Houston-Pasadena-The Woodlands, TX Remerchandise and expand former Sellers Bros. with a 30K SF El Rancho (Heritage Grocers)
Number of Projects Net Estimated Costs (2) Gross Costs to Date Expected NOI Yield (2)
Total In Process 18 $ 88,550 $ 31,250 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended September 30, 2024
1 Center of Bonita Springs Cape Coral-Fort Myers, FL Remerchandise former Old Time Pottery with a 42K SF Kohl's and a 29K SF Burlington Stores
2 Coastal Way - Coastal Landing - Project I Tampa-St. Petersburg-Clearwater, FL Terminate existing Bed Bath & Beyond and remerchandise with a 28K SF Sprouts Farmers Market
3 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Combine several small shop spaces for a 19K SF Planet Fitness
Projects Stabilized During the Six Months Ended June 30, 2024
4 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
5 Granada Shoppes Naples-Marco Island, FL Remerchandise former Orchard Supply Hardware with a 29K SF HomeSense and a 9K SF Five Below
6 Speedway Super Center Indianapolis-Carmel-Greenwood, IN Combine adjacent small shop spaces for an 11K SF pOpshelf
7 Hampton Village Centre Detroit-Warren-Dearborn, MI Combine several small shop spaces for a 15K SF Barnes & Noble
8 Northshore - Project I Houston-Pasadena-The Woodlands, TX Combine adjacent small shop spaces for a 12K SF specialty medical use
9 Windvale Center Houston-Pasadena-The Woodlands, TX Remerchandise former Randall's and adjacent spaces with a 64K SF Tesla showroom and service center
Number of Projects Net Project <br>Costs (2) NOI Yield (2)
Total Stabilized 9 $ 29,500 12 %
(1) As a result of expanded project scope, Barn Plaza was moved to in process redevelopment.
(2) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Supplemental Disclosure - Three Months Ended September 30, 2024 Page 19
--- ---
OUTPARCEL DEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Stabilization Net Estimated Gross Costs Expected
Property Name CBSA Project Description Quarter Costs (1) to Date NOI Yield (1)
IN PROCESS OUTPARCEL DEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2024
1 Collegeville Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Demolition of former outparcel and construction of a 2K SF Chase Bank Dec-25 $ 100 $ 100 81 %
In Process Projects
2 Bedford Grove Manchester-Nashua, NH Construction of a 7K SF Evviva Trattoria endcap Dec-24 800 700 14 %
3 Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ Construction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center) Dec-24 4,900 4,600 9 %
4 McMullen Creek Market Charlotte-Concord-Gastonia, NC-SC Construction of a 4K SF Aspen Dental Dec-24 1,800 1,600 10 %
5 Panama City Square Panama City-Panama City Beach, FL Construction of a 6K SF LongHorn Steakhouse Mar-25 1,800 1,500 8 %
6 Pacoima Center Los Angeles-Long Beach-Anaheim, CA Construction of a 3K SF Starbucks with a drive-thru Jun-25 500 450 54 %
7 Mansell Crossing Atlanta-Sandy Springs-Roswell, GA Construction of an 11K SF Cooper’s Hawk Winery & Restaurant Jun-25 4,900 1,300 10 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 14,800 $ 10,250 12 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,2) NOI Yield (1,2)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During the Three Months Ended September 30, 2024
1 Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Construction of a 2K SF Chipotle Sep-24 $ 1,650 10 %
2 Brunswick Town Center Cleveland, OH Construction of an 8K SF multi-tenant outparcel, including a 4K SF First Watch and a 4K SF Mission BBQ Sep-24 3,550 9 %
Projects Stabilized During The Six Months Ended June 30, 2024
3 Springdale Mobile, AL Construction of a 1K SF Seven Brew Jun-24 100 78 %
4 Upland Town Square Riverside-San Bernardino-Ontario, CA Construction of a 1K SF Dutch Bros. Coffee Jun-24 550 8 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 5,850 10 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 20
--- ---
REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
IN PROCESS REDEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2024
1 Barn Plaza (2) Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former anchor space with a 44K SF Whole Foods Market (Amazon) and an 11K SF Barnes & Noble; demolition of 5K SF to accommodate construction of an 8K SF multi-tenant outparcel including a 4K SF First Watch, a 2K SF Chipotle, and additional retailers; and shopping center upgrades including facade renovations and common area enhancements 42 Dec-25 $ 14,400 $ 8,700 8 %
2 Hillcrest Market Place Spartanburg, SC Redevelopment and reconfiguration of adjacent small shop space to accommodate addition of a 6K SF J.Crew, a 5K SF Hallmark, and additional retailers surrounding a newly constructed outdoor community courtyard; and shopping center upgrades including facade, landscaping, and common area enhancements 38 Mar-26 5,000 600 10 %
In Process Projects
3 Vail Ranch Center Riverside-San Bernardino-Ontario, CA Redevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken, and additional retailers; remerchandise additional small shop space with relevant retailers including a 6K SF Bark Social; and shopping center upgrades including façade renovations, parking, and roof repairs 10 Dec-24 10,750 9,550 9 %
4 Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise existing small shop retail with relevant retailers including a 29K SF Sports & Social, an 11K SF Hampton Social, a 7K SF Kavas Tacos & Tequila; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas 17 Dec-24 41,250 32,050 8 %
5 East Port Plaza Port St. Lucie, FL Construction of a 3K SF Starbucks outparcel; remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and parking updates, point of entry and signage improvements, and common area enhancements including improved pedestrian walkways 32 Dec-24 7,150 4,150 8 %
6 Roosevelt Mall Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and reconfiguration of center to accommodate addition of a 24K SF Sprouts Farmers Market and a 10K SF JD Sports; construction of several outparcels including a 3K SF Raising Cane's and a 2K SF Panda Express; and shopping center upgrades including façade and sidewalk renovations, new landscaping and signage, and common area enhancements 36 Dec-24 40,900 31,650 7 %
7 Middletown Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of former Walgreens, Party Fair, and additional junior anchor space with a 14K SF Trader Joe's and additional retailers; and shopping center upgrades including façade and sidewalk renovations, and new landscaping and signage 21 Mar-25 8,900 5,250 9 %
8 WaterTower Plaza Worcester, MA Redevelopment of former Shaw's with a 46K SF grocer; reconfigure and remerchandise adjacent small shop space including an 11K SF Five Below and a 9K SF Ulta; and shopping center upgrades including the addition of patio areas, façade renovations, and parking enhancements 27 Jun-25 11,200 10,350 10 %
9 Puente Hills Town Center Los Angeles-Long Beach-Anaheim, CA Redevelopment and expansion of several in-line retail spaces to accommodate a 20K SF ALDI; remerchandise existing adjacent small shop space including a 9K SF Five Below, an 8K SF Skechers, and a 5K SF Bath and Body Works; and shopping center upgrades including parking and sidewalk improvements 11 Sep-25 4,900 3,550 8 %
10 The Davis Collection Sacramento-Roseville-Folsom, CA Extensive redevelopment, reconfiguration, and rebranding of center including demolition of 92K SF to accommodate construction of a 25K SF Nordstrom Rack, a 17K SF PetSmart, a 10K SF Ulta, and approximately 20K SF of additional retail surrounding an outdoor community courtyard; construction of two multi-tenant outparcel buildings including a 4K SF Urban Plates, a 3K SF The Melt, a 2K SF Mendocino Farms, and additional retailers; and shopping center upgrades including construction of pedestrian plazas and walkways, new landscaping and signage, and parking enhancements 8 Sep-25 45,950 18,500 8 %
11 College Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of former Bob's Stores and adjacent retail space with a 21K SF Burlington Stores; remerchandise former Blink Fitness with a 10K SF Five Below and additional retailers; construction of outparcels including a 5K SF Chick-fil-A and a 4K SF Aspen Dental; and shopping center upgrades including façade and sidewalk renovations 25 Sep-25 12,900 8,450 10 %
12 Tinley Park Plaza (3) Chicago-Naperville-Elgin, IL-IN Redevelopment of former Walt's and adjacent space with a 22K SF Ross Dress for Less, a 9K SF Five Below, and additional retailers; and shopping center upgrades including façade and roof renovations 22 Dec-25 11,000 11,150 12 %
13 Burlington Square I, II & III Boston-Cambridge-Newton, MA-NH Redevelopment and reconfiguration of center to accommodate new retailers including a 5K SF Tatte Bakery & Cafe, a 4K SF Life Alive Organic Cafe, and a 2K SF YogaSix; and shopping center upgrades including façade and sidewalk renovations, new landscaping and stormwater improvements, and common area enhancements 7 Dec-25 8,450 750 12 %
14 Jones Plaza Houston-Pasadena-The Woodlands, TX Relocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Supermarket; and shopping center upgrades including façade renovations 9 Dec-25 2,150 1,850 15 %
15 Pointe Orlando - Phase II 1 Orlando-Kissimmee-Sanford, FL Remerchandise with relevant retailers including a 10K SF Activate and a 10K SF Dick's Last Resort; rebranding and reconfiguration of first level to match Phase I improvements including an entry roadway and valet; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas and improved pedestrian plazas 17 Mar-26 37,900 10,200 11 %
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 21
--- ---
REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
Preston Park Village Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a multi-tenant outparcel building; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Mar-26 35,050 23,000 8 %
Wynnewood Village - Phase IV (4) 1 Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; reconfiguration to accommodate new retailers including a 20K SF junior anchor; construction of two multi-tenant outparcel buildings; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Jun-26 52,400 13,300 9 %
Westridge Court / Block 59 Chicago-Naperville-Elgin, IL-IN Redevelopment, reconfiguration, and rebranding of center, including the demolition of an underutilized two-story building, to accommodate the addition of a vibrant restaurant and entertainment district with an event plaza through the construction of multiple outparcels including a 9K SF The Cheesecake Factory, an 8K SF Yard House, an 8K SF Ruth's Chris Steak House, a 3K SF Shake Shack, and a 2K SF Stan's Donuts; construction of additional multi-tenant outparcels including a 7K SF Piccolo Buco and a 4K SF First Watch and a 3K SF Velvet Taco, a 2K SF Crisp & Green, and a 2K SF Fresh Fin; and shopping center upgrades including new landscaping, signage, lighting, and improved vehicular and pedestrian circulation and connectivity 82 Sep-26 53,200 11,850 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 403,450 $ 204,900 9 %
Property Stabilization Net Project NOI
Property Name CBSA Project Description Acreage Quarter Costs (1,5) Yield (1,5)
Projects Stabilized During The Three Months Ended September 30, 2024
Westminster City Center Denver-Aurora-Centennial, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies "R" Us location; backfill of former Golf Galaxy with a 16K SF Petco; redevelopment of former Gordmans with a 27K SF Sierra Trading Post and a 14K SF Trader Joe's; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel 27 Sep-24 $ 15,900 8 %
Projects Stabilized During The Six Months Ended June 30, 2024
Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ Remerchandise former Mrs. Green's Natural Market, former Pet Valu, and former Rite Aid with a 12K SF Barnes & Noble, a 10K SF Ulta, a 6K SF J.Crew, and a 3K SF Paris Baguette, and additional retailers; and shopping center upgrades including façade renovations and common area enhancements 6 Mar-24 8,050 14 %
Plymouth Square Shopping Center (6) 1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and remerchandise of 94K SF in-line and lower-level retail space, including a 19K SF Planet Fitness, an 8K SF P.J. Whelihan's Pub + Restaurant, a 7K SF My Salon Suites, a 7K SF Rally House, and additional retailers; and shopping center upgrades including façade and parking renovations, new landscaping and signage, and improved pedestrian and vehicular access 17 Jun-24 22,300 7 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 46,250 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) As a result of expanded project scope, Barn Plaza was moved from anchor space repositioning.
(3) Net project costs exclude 2.5M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude 2.7M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(6) Net project costs exclude 0.3M of project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 22
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
2 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
3 Kings Park Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
4 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ Densification of site, including multi-tenant outparcel development, potential multi-family component
5 Rockland Plaza New York-Newark-Jersey City, NY-NJ Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
6 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ Extensive repositioning and reconfiguration, densification of site
7 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
8 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential multi-family and/or medical office component
9 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Brea Gateway Los Angeles-Long Beach-Anaheim, CA Reposition of former anchor which may include site densification with addition of outparcel pad development
2 Metro 580 San Francisco-Oakland-Fremont, CA Redevelopment of existing anchor space for multiple retailers
3 Arvada Plaza Denver-Aurora-Centennial, CO Redevelopment and repositioning of shopping center
4 Colonial Commons - Orange New Haven, CT Redevelopment and repositioning of shopping center
5 Sunrise Town Center Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment and repositioning of shopping center with new anchor prototype
6 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
7 East Port Plaza (1) Port St. Lucie, FL Redevelopment and repositioning of shopping center
8 Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
9 Kings Market Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center
10 Northeast Plaza Atlanta-Sandy Springs-Roswell, GA Redevelopment of existing anchor space for multiple retailers, densification of site
11 Vineyards at Chateau Elan (1) Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center
12 High Point Centre Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
13 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN Redevelopment and reposition of rear portion of shopping center
14 London Marketplace Corbin, KY Redevelopment and expansion of existing anchor space
15 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment of existing anchor space, inline shop space and outparcel development
16 Sun Ray Shopping Center Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center
17 West Center New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center, densification of site
18 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
19 Harpers Station Cincinnati, OH-KY-IN Redevelopment of existing anchor space for multiple retailers
20 South Towne Centre Dayton-Kettering-Beavercreek, OH Redevelopment of existing anchor space for multiple retailers
21 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
22 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
23 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
24 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
25 Circle Center Hilton Head Island-Bluffton-Port Royal, SC Redevelopment and repositioning of shopping center
26 Arboretum Village Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
27 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
28 Webb Royal Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
29 Braesgate Houston-Pasadena-The Woodlands, TX Redevelopment of existing anchor space for multiple retailers
30 Clear Lake Camino South Houston-Pasadena-The Woodlands, TX Redevelopment of existing anchor space for multiple retailers, densification of site
31 Lake Pointe Village Houston-Pasadena-The Woodlands, TX Reposition of existing vacant space and site densification
32 Maplewood Houston-Pasadena-The Woodlands, TX Redevelopment of existing anchor space for multiple retailers, densification of site
33 Hanover Square Richmond, VA Densification of site, including multi-tenant outparcel development
(1) Indicates project added to the pipeline during the three months ended September 30, 2024.
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend, or defer the expected opportunity or timing of execution. While the Company believes that these projects are likely to become active in the
near-term, it should be noted that this list will fluctuate as projects become active, or are suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 23
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> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended September 30, 2024
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
9/30/24 6/30/24 3/31/24 12/31/23 9/30/23
Number of properties 360 360 359 362 364
GLA 63,445,487 63,750,978 63,870,524 64,460,825 64,827,439
Percent billed 91.9% 91.4% 90.6% 90.6% 90.0%
Percent leased 95.6% 95.4% 95.1% 94.7% 93.9%
TOTAL ≥ 10,000 SF 97.7% 97.5% 97.3% 96.8% 95.7%
TOTAL < 10,000 SF 91.1% 90.8% 90.5% 90.3% 89.8%
ABR $ 994,562 $ 987,681 $ 978,178 $ 968,949 $ 958,128
ABR PSF $ 17.44 $ 17.26 $ 17.12 $ 16.88 $ 16.77
PORTFOLIO BY UNIT SIZE AS OF 9/30/24
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 393 22,261,057 35.1% 95.2% 98.5% $ 221,438 22.3% $ 11.50
20,000 - 34,999 SF 481 12,533,197 19.7% 92.9% 96.2% 149,800 15.1% 12.55
10,000 - 19,999 SF 603 8,242,531 13.0% 93.7% 97.6% 127,228 12.8% 16.18
5,000 - 9,999 SF 1,094 7,564,226 11.9% 87.9% 92.1% 146,251 14.7% 21.80
< 5,000 SF 5,964 12,844,476 20.3% 86.4% 90.6% 349,845 35.1% 31.10
TOTAL 8,535 63,445,487 100.0% 91.9% 95.6% $ 994,562 100.0% $ 17.44
TOTAL ≥ 10,000 SF 1,477 43,036,785 67.8% 94.2% 97.7% $ 498,466 50.2% $ 12.76
TOTAL < 10,000 SF 7,058 20,408,702 32.2% 87.0% 91.1% 496,096 49.8% 27.63
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 25
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PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-affd901fbaf040d6955.jpg](chart-affd901fbaf040d6955.jpg)     ![chart-599855e7568c46d4b08.jpg](chart-599855e7568c46d4b08.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-f47790312ced4ede828.jpg chart-2517e73cbff344fc9c2.jpg

ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-a21f1eb9c1a844959fb.jpg chart-f6069151f22f499cb65.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
ESSENTIAL $ 310,813 33 %
Grocery 139,644 14 %
General merchandise (discount / dollar) 30,660 3 %
Pet 27,968 3 %
Medical (essential) 27,479 3 %
Financial services 26,117 3 %
Home improvement 15,255 2 %
Mail / shipping and other services 15,000 2 %
Auto 11,122 1 %
Other essential 9,135 1 %
Pharmacy 8,433 1 %
OTHER $ 683,749 67 %
Restaurants 168,308 17 %
Other personal services 75,278 8 %
Off-price apparel 65,442 6 %
Fitness / sports 60,704 6 %
Value apparel, shoes, accessories 49,608 5 %
General merchandise (department, gift, etc.) 43,612 4 %
Home décor 41,430 4 %
Other retail 40,895 4 %
Other medical 31,037 3 %
Electronics & appliance 24,257 2 %
Entertainment 23,893 2 %
Health & beauty 20,538 2 %
Hobby & crafts 17,151 2 %
Other professional services 11,641 1 %
Liquor 9,955 1 %
TOTAL $ 994,562 100 %
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 26
--- ---
TOP FORTY RETAILERS RANKED BY ABR ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA (1) Percent of GLA (1) ABR (1) Percent of ABR (1) ABR PSF (1)
1 The TJX Companies, Inc. (2) 90 2,611,217 4.1 % $ 33,059 3.3 % $ 12.66
2 The Kroger Co. (3) 44 2,994,662 4.7 % 22,834 2.3 % 7.62
3 Burlington Stores, Inc. 40 1,663,459 2.6 % 19,842 2.0 % 11.93
4 Dollar Tree Stores, Inc. (4) 119 1,365,075 2.2 % 16,513 1.7 % 12.10
5 Publix Super Markets, Inc. 31 1,433,291 2.3 % 14,597 1.5 % 10.18
6 Ross Stores, Inc (5) 44 1,124,164 1.8 % 14,227 1.4 % 12.66
7 Five Below, Inc. 64 614,634 1.0 % 12,395 1.2 % 20.17
8 L.A Fitness International, LLC (6) 15 606,956 1.0 % 11,737 1.2 % 19.34
9 Amazon.com, Inc. / Whole Foods Market Services, Inc. 17 608,939 1.0 % 10,876 1.1 % 17.86
10 PetSmart, Inc. 27 587,566 0.9 % 10,093 1.0 % 17.18
491 13,609,963 21.6 % 166,173 16.7 % 12.21
11 Albertson's Companies, Inc (7) 14 750,202 1.2 % 9,877 1.0 % 13.17
12 Ulta Beauty, Inc. 36 394,731 0.6 % 9,675 1.0 % 24.51
13 Ahold Delhaize (8) 16 864,919 1.4 % 9,647 1.0 % 11.15
14 Kohl's Corporation 14 1,051,137 1.7 % 8,819 0.9 % 8.39
15 PETCO Animal Supplies, Inc. 35 479,951 0.8 % 8,630 0.9 % 17.98
16 Big Lots, Inc. 27 908,492 1.4 % 6,695 0.7 % 7.37
17 The Michaels Companies, Inc. 21 472,884 0.7 % 6,282 0.6 % 13.28
18 ALDI (9) 19 591,359 0.9 % 5,554 0.6 % 9.39
19 Sprouts Farmers Market, Inc. 8 224,086 0.4 % 5,198 0.5 % 23.20
20 Party City Holdco Inc. 23 340,834 0.5 % 5,150 0.5 % 15.11
704 19,688,558 31.2 % 241,700 24.4 % 12.28
21 JP Morgan Chase & Co. 26 99,464 0.2 % 5,039 0.5 % 50.66
22 JOANN Stores, Inc. 19 398,614 0.6 % 5,017 0.5 % 12.59
23 Barnes & Noble, Inc. 14 297,565 0.5 % 4,976 0.5 % 16.72
24 Harbor Freight Tools 23 409,595 0.6 % 4,821 0.5 % 11.77
25 CVS Health 14 218,744 0.3 % 4,710 0.5 % 21.53
26 Staples, Inc. 17 341,969 0.5 % 4,670 0.5 % 13.66
27 Gap, Inc. (10) 14 233,319 0.4 % 4,551 0.5 % 19.51
28 Best Buy Co., Inc. (11) 9 346,681 0.5 % 4,460 0.4 % 12.86
29 Hobby Lobby Stores, Inc. 11 604,732 1.0 % 4,348 0.4 % 7.19
30 Bath & Body Works, Inc. 43 181,083 0.3 % 4,313 0.4 % 23.82
31 Chipotle Mexican Grill, Inc. 33 82,205 0.1 % 4,129 0.4 % 50.23
32 National Vision, Inc. (12) 38 139,083 0.2 % 4,096 0.4 % 29.45
33 DICK's Sporting Goods, Inc. (13) 9 305,476 0.5 % 3,896 0.4 % 12.75
34 Starbucks Corporation 37 70,918 0.1 % 3,892 0.4 % 54.88
35 Trader Joe's Company, Inc. 11 143,797 0.2 % 3,883 0.4 % 27.00
36 Bank of America, NA 26 87,863 0.1 % 3,801 0.4 % 43.26
37 JD Sports Fashion Plc (14) 31 191,585 0.3 % 3,800 0.4 % 19.83
38 Designer Brands, Inc. (DSW) 12 232,077 0.4 % 3,735 0.4 % 16.09
39 AMC Entertainment 4 200,955 0.3 % 3,731 0.4 % 18.57
40 Office Depot, Inc. (15) 13 276,461 0.4 % 3,533 0.4 % 12.78
TOTAL TOP 40 RETAILERS 1,108 24,550,744 38.7 % $ 327,101 33.1 % $ 13.32
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (5) Includes Ross Dress for Less-39 and dd's Discounts-5. (10) Includes Old Navy-12 and Gap Factory-2.
all franchise locations. (6) Includes LA Fitness-7, Esporta Fitness-5, XSport Fitness-2, and City Sports Club-1. (11) Includes Best Buy-8 and Yardbird-1.
(2) Includes T.J. Maxx-31, Marshalls-25, HomeGoods-21, Sierra Trading Post-5, (7) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, El Rancho (sublease)-1, (12) Includes America's Best Contacts & Eyeglasses-36 and Eyeglass World-2.
Marshalls/HomeGoods-4, HomeSense-2, and T.J. Maxx/HomeGoods-2. Shop & Save Market-1, and Star Market-1. (13) Includes Golf Galaxy-4, DICK'S Sporting Goods Warehouse Sale-3,
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Food 4 Less-1, Harris Teeter-1, (8) Includes Giant Food-6, Super Stop & Shop-5, Food Lion-2, Bottom Dollar Food-1, and DICK'S Sporting Goods-2.
Pay Less-1, and Pick 'N Save-1. ShopRite (sublease)-1, and non-grocer (sublease)-1. (14) Includes Hibbett-18, JD Sports-5, City Gear-4, and DTLR-4.
(4) Includes Dollar Tree-109 and Family Dollar-10. (9) Includes ALDI-13 and Winn-Dixie-6. (15) Includes Office Depot-9 and OfficeMax-4. Supplemental Disclosure - Three Months Ended September 30, 2024 Page 27
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NEW & RENEWAL LEASE SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third-Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 9/30/24 316 2,073,869 $ 36,141 $ 17.43 $ 3.05 $ 2.08 6.7 248 1,731,207 $ 16.52 $ 14.25 15.9 %
Three months ended 6/30/24 383 2,343,546 43,608 18.61 3.72 2.28 6.5 317 1,919,675 18.57 15.52 19.7 %
Three months ended 3/31/24 351 2,626,599 44,206 16.83 3.43 1.73 6.4 287 2,144,714 16.32 14.30 14.1 %
Three months ended 12/31/23 402 2,679,220 46,347 17.30 5.29 2.46 6.7 315 2,218,623 16.63 14.38 15.6 %
TOTAL - TWELVE MONTHS ENDED 9/30/24 1,452 9,723,234 $ 170,302 $ 17.51 $ 3.93 $ 2.14 6.6 1,167 8,014,219 $ 16.99 $ 14.60 16.4 %
NEW & RENEWAL LEASES ONLY
Three months ended 9/30/24 263 1,123,202 $ 25,815 $ 22.98 $ 5.64 $ 3.84 8.1 195 780,540 $ 23.42 $ 19.23 21.8 %
Three months ended 6/30/24 328 1,434,942 30,733 21.42 6.07 3.72 7.3 262 1,011,071 22.52 17.63 27.7 %
Three months ended 3/31/24 294 1,322,079 29,944 22.65 6.81 3.44 7.7 230 840,194 24.68 20.65 19.5 %
Three months ended 12/31/23 357 1,739,188 36,717 21.11 8.15 3.78 7.6 270 1,278,591 21.32 17.82 19.6 %
TOTAL - TWELVE MONTHS ENDED 9/30/24 1,242 5,619,411 $ 123,209 $ 21.93 $ 6.80 $ 3.70 7.6 957 3,910,396 $ 22.77 $ 18.66 22.0 %
NEW LEASES
Three months ended 9/30/24 110 561,826 $ 12,739 $ 22.67 $ 8.88 $ 7.68 10.3 43 223,076 $ 23.64 $ 17.93 31.8 %
Three months ended 6/30/24 133 603,593 14,376 23.82 13.36 8.67 9.3 69 310,779 24.11 16.05 50.2 %
Three months ended 3/31/24 117 709,164 15,152 21.37 10.73 6.31 9.8 54 230,991 26.08 18.67 39.7 %
Three months ended 12/31/23 150 798,868 16,772 20.99 15.43 8.14 9.6 65 387,876 20.49 14.91 37.4 %
TOTAL - TWELVE MONTHS ENDED 9/30/24 510 2,673,451 $ 59,039 $ 22.08 $ 12.34 $ 7.68 9.7 231 1,152,722 $ 23.19 $ 16.56 40.0 %
RENEWAL LEASES
Three months ended 9/30/24 153 561,376 $ 13,076 $ 23.29 $ 2.39 $ — 5.8 152 557,464 $ 23.33 $ 19.75 18.1 %
Three months ended 6/30/24 195 831,349 16,357 19.68 0.77 0.12 6.0 193 700,292 21.81 18.34 18.9 %
Three months ended 3/31/24 177 612,915 14,792 24.13 2.28 0.12 5.2 176 609,203 24.15 21.40 12.9 %
Three months ended 12/31/23 207 940,320 19,945 21.21 1.97 0.08 5.9 205 890,715 21.68 19.08 13.6 %
TOTAL - TWELVE MONTHS ENDED 9/30/24 732 2,945,960 $ 64,170 $ 21.78 $ 1.78 $ 0.08 5.7 726 2,757,674 $ 22.59 $ 19.54 15.6 %
OPTION LEASES
Three months ended 9/30/24 53 950,667 $ 10,326 $ 10.86 $ — $ — 5.0 53 950,667 $ 10.86 $ 10.16 6.9 %
Three months ended 6/30/24 55 908,604 12,875 14.17 — — 5.2 55 908,604 14.17 13.16 7.7 %
Three months ended 3/31/24 57 1,304,520 14,262 10.93 — — 5.1 57 1,304,520 10.93 10.21 7.1 %
Three months ended 12/31/23 45 940,032 9,630 10.24 — — 5.0 45 940,032 10.24 9.71 5.5 %
TOTAL - TWELVE MONTHS ENDED 9/30/24 210 4,103,823 $ 47,093 $ 11.48 $ — $ — 5.1 210 4,103,823 $ 11.48 $ 10.74 6.9 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 9/30/24 Twelve Months Ended 9/30/24
% of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1) % of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases 16 % 1,381,222 67 % 44 % $ 11.49 14.1 % 15 % 6,380,868 66 % 44 % $ 11.84 14.5 %
New & Renewal Leases Only 10 % 540,631 48 % 33 % 15.69 26.6 % 9 % 2,730,251 49 % 32 % 14.44 28.5 %
New Leases 11 % 285,865 51 % 33 % 14.69 44.8 % 12 % 1,428,119 53 % 37 % 15.41 52.6 %
Renewal Leases 9 % 254,766 45 % 33 % 16.80 20.3 % 7 % 1,302,132 44 % 27 % 13.39 16.5 %
Option Leases 47 % 840,591 88 % 72 % 8.79 5.5 % 48 % 3,650,617 89 % 77 % 9.90 6.1 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 84 % 692,647 33 % 56 % $ 29.26 17.6 % 85 % 3,342,366 34 % 56 % $ 28.34 17.9 %
New & Renewal Leases Only 90 % 582,571 52 % 67 % 29.75 19.5 % 91 % 2,889,160 51 % 68 % 28.99 19.6 %
New Leases 89 % 275,961 49 % 67 % 30.94 26.1 % 88 % 1,245,332 47 % 63 % 29.74 33.3 %
Renewal Leases 91 % 306,610 55 % 67 % 28.68 17.1 % 93 % 1,643,828 56 % 73 % 28.43 15.4 %
Option Leases 53 % 110,076 12 % 28 % 26.65 10.2 % 52 % 453,206 11 % 23 % 24.18 9.3 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 28
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Twelve Months Ended Three Months Ended
9/30/24 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23
NEW LEASES
Weighted average over lease term:
Base rent $ 24.07 $ 25.13 $ 25.87 $ 22.96 $ 22.94 $ 25.00
Tenant improvements and allowances (1.46) (1.14) (1.63) (1.22) (1.76) (1.61)
Third-party leasing commissions (0.77) (0.76) (0.88) (0.65) (0.82) (0.75)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 21.84 23.23 23.36 21.09 20.36 22.64
Tenant specific landlord work (1) (2.42) (1.91) (2.15) (2.67) (2.77) (2.38)
NET EFFECTIVE RENT $ 19.42 $ 21.32 $ 21.21 $ 18.42 $ 17.59 $ 20.26
Net effective rent before tenant specific landlord work /
base rent 91% 92% 90% 92% 89% 91%
Net effective rent / base rent 81% 85% 82% 80% 77% 81%
Weighted average term (years) 9.7 10.3 9.3 9.8 9.6 10.6
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 35% 33% 33% 46% 28% 39%
< 10,000 SF 65% 67% 67% 54% 72% 61%
As of 9/30/2024 Leases GLA ABR ABR PSF
≥ 10,000 SF 67 1,736,104 $ 27,263 $ 15.70
< 10,000 SF 295 948,450 32,115 33.86
TOTAL 362 2,684,554 $ 59,378 $ 22.12
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2024 (remaining) 2025 2026+ Total
Projected Lease Commencements $ 17,857 $ 36,473 $ 5,048 $ 59,378
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 420 basis points of total portfolio GLA (59.4M in ABR), 50 basis points (7.8M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
(3) Includes only new leases and expansions of existing leases.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2024 Page 29
LEASE EXPIRATION SCHEDULE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 197 548,082 0.9 % 0.9 % $ 17.08 $ 17.08 9 128,139 0.3 % 0.3 % $ 10.39 $ 10.39 188 419,943 2.3 % 1.6 % $ 19.13 $ 19.13
2024 130 636,118 1.0 % 1.0 % 15.53 15.53 18 366,988 0.9 % 0.8 % 11.33 11.33 112 269,130 1.4 % 1.2 % 21.25 21.25
2025 1,023 6,440,827 10.6 % 9.3 % 14.36 14.40 147 4,065,713 9.7 % 8.3 % 10.13 10.16 876 2,375,114 12.8 % 10.3 % 21.60 21.67
2026 1,019 6,959,404 11.5 % 11.4 % 16.25 16.45 160 4,679,802 11.1 % 10.7 % 11.36 11.40 859 2,279,602 12.3 % 12.1 % 26.28 26.82
2027 1,103 8,483,544 14.0 % 13.4 % 15.68 16.07 191 5,896,989 14.0 % 13.5 % 11.42 11.52 912 2,586,555 13.9 % 13.2 % 25.39 26.44
2028 971 6,856,339 11.3 % 11.8 % 17.11 17.70 166 4,667,746 11.1 % 11.3 % 12.10 12.18 805 2,188,593 11.8 % 12.3 % 27.78 29.47
2029 941 8,511,992 14.0 % 13.0 % 15.18 15.98 197 6,376,265 15.2 % 14.3 % 11.19 11.44 744 2,135,727 11.5 % 11.7 % 27.10 29.53
2030 519 5,124,883 8.5 % 7.7 % 15.02 16.48 124 3,837,230 9.1 % 8.3 % 10.84 11.58 395 1,287,653 6.9 % 7.1 % 27.47 31.09
2031 330 2,740,769 4.5 % 4.7 % 16.88 18.90 67 1,885,128 4.5 % 4.8 % 12.76 13.89 263 855,641 4.6 % 4.5 % 25.95 29.93
2032 354 2,703,519 4.5 % 4.8 % 17.87 20.01 61 1,794,395 4.3 % 4.3 % 12.07 13.03 293 909,124 4.8 % 5.4 % 29.32 33.77
2033 413 3,195,368 5.3 % 6.0 % 18.58 21.17 86 2,088,249 5.0 % 5.6 % 13.11 14.43 327 1,107,119 6.0 % 6.4 % 28.89 33.88
2034+ 835 8,429,566 13.9 % 16.0 % 18.90 22.34 211 6,241,556 14.8 % 17.8 % 14.22 16.21 624 2,188,010 11.7 % 14.2 % 32.25 39.84
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 197 548,082 0.9 % 0.9 % $ 17.08 $ 17.08 9 128,139 0.3 % 0.3 % $ 10.39 $ 10.39 188 419,943 2.3 % 1.6 % $ 19.13 $ 19.13
2024 117 457,796 0.8 % 0.7 % 15.84 15.84 13 212,447 0.5 % 0.5 % 10.69 10.69 104 245,349 1.3 % 1.0 % 20.31 20.31
2025 794 3,466,329 5.7 % 5.3 % 15.11 15.18 66 1,600,762 3.8 % 2.6 % 8.11 8.17 728 1,865,567 10.0 % 7.9 % 21.11 21.18
2026 688 2,510,176 4.1 % 5.1 % 20.16 20.60 43 984,043 2.3 % 2.3 % 11.50 11.64 645 1,526,133 8.2 % 7.9 % 25.74 26.39
2027 732 2,832,257 4.7 % 5.9 % 20.84 21.74 55 1,165,156 2.8 % 3.0 % 12.95 13.23 677 1,667,101 9.0 % 8.9 % 26.36 27.69
2028 652 2,363,320 3.9 % 5.3 % 22.35 23.71 42 893,464 2.1 % 2.4 % 13.27 13.46 610 1,469,856 7.9 % 8.3 % 27.87 29.93
2029 575 2,024,445 3.3 % 4.4 % 21.71 24.07 30 654,680 1.6 % 1.5 % 11.28 12.61 545 1,369,765 7.4 % 7.4 % 26.70 29.55
2030 355 1,924,602 3.2 % 3.6 % 18.39 20.59 39 1,018,372 2.4 % 2.5 % 12.21 13.29 316 906,230 4.9 % 4.6 % 25.33 28.78
2031 306 1,718,791 2.8 % 3.1 % 17.91 20.17 31 938,559 2.2 % 2.1 % 11.13 12.11 275 780,232 4.2 % 4.1 % 26.07 29.87
2032 305 1,987,625 3.3 % 3.7 % 18.35 20.31 52 1,213,650 3.0 % 3.1 % 12.95 13.96 253 773,975 4.2 % 4.2 % 26.81 30.26
2033 318 2,060,822 3.4 % 3.7 % 18.03 20.52 60 1,267,995 3.0 % 3.1 % 12.25 13.35 258 792,827 4.2 % 4.3 % 27.28 32.00
2034+ 2,796 38,736,166 63.9 % 58.3 % 14.96 19.28 997 31,950,933 76.0 % 76.6 % 11.96 15.22 1,799 6,785,233 36.4 % 39.8 % 29.07 38.36
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By Count By GLA
Twelve Months Ended 9/30/24 79.5% 85.8%
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 30
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
PROPERTIES BY LARGEST US CBSAs Percent of
Number of Percent Percent Number of Percent Percent
Largest US CBSAs by 2024 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 250 43,576,019 91.2 % 95.2 % $ 708,858 $ 18.12 69.4 % 68.7 % 71.3 %
CBSAs Ranked 51 - 100 by Population 37 7,173,372 92.4 % 96.1 % 98,311 15.89 10.3 % 11.3 % 9.9 %
Other CBSAs 73 12,696,096 93.9 % 96.7 % 187,393 16.00 20.3 % 20.0 % 18.8 %
TOTAL 360 63,445,487 91.9 % 95.6 % $ 994,562 $ 17.44 100.0 % 100.0 % 100.0 %
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 8 22 4,003,648 92.5 % 96.0 % $ 74,290 $ 22.29 6.0 % 6.3 % 7.5 %
2 New York-Newark-Jersey City, NY-NJ 1 27 3,246,069 89.9 % 92.7 % 70,121 23.67 7.4 % 5.0 % 7.1 %
3 Houston-Pasadena-The Woodlands, TX 5 30 4,006,702 92.3 % 94.9 % 57,150 15.47 8.2 % 6.3 % 5.7 %
4 Chicago-Naperville-Elgin, IL-IN 3 16 3,941,828 84.0 % 90.0 % 54,844 15.86 4.3 % 6.2 % 5.5 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,711,255 84.5 % 96.3 % 52,560 21.24 3.5 % 4.3 % 5.3 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,901,253 94.6 % 98.9 % 44,686 25.82 3.0 % 3.0 % 4.5 %
7 Atlanta-Sandy Springs-Roswell, GA 7 23 3,304,570 94.5 % 95.7 % 44,363 14.56 6.3 % 5.2 % 4.5 %
8 Tampa-St. Petersburg-Clearwater, FL 17 11 1,796,844 89.1 % 97.7 % 30,719 18.14 3.0 % 2.8 % 3.1 %
9 Cincinnati, OH-KY-IN 30 7 1,862,070 93.4 % 94.6 % 25,614 18.66 1.8 % 2.9 % 2.6 %
10 Naples-Marco Island, FL 135 5 1,068,109 93.5 % 99.1 % 21,625 20.76 1.3 % 1.7 % 2.2 %
10 Largest CBSAs by ABR — 165 27,842,348 90.4 % 94.9 % 475,972 19.19 44.8 % 43.7 % 48.0 %
11 Orlando-Kissimmee-Sanford, FL 20 5 804,051 91.6 % 96.2 % 20,183 26.16 1.3 % 1.3 % 2.0 %
12 Denver-Aurora-Centennial, CO 19 6 1,302,140 93.6 % 97.8 % 19,373 16.34 1.6 % 2.1 % 1.9 %
13 Miami-Fort Lauderdale-West Palm Beach, FL 9 7 1,055,414 94.4 % 95.1 % 18,228 18.65 1.9 % 1.7 % 1.8 %
14 Detroit-Warren-Dearborn, MI 14 7 1,360,839 92.9 % 97.5 % 17,411 14.32 1.9 % 2.1 % 1.8 %
15 San Diego-Chula Vista-Carlsbad, CA 18 3 655,343 95.0 % 95.3 % 16,653 26.84 0.8 % 1.0 % 1.7 %
16 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,726 82.0 % 92.6 % 15,370 16.90 2.2 % 1.7 % 1.5 %
17 Charlotte-Concord-Gastonia, NC-SC 22 4 1,301,277 95.6 % 97.0 % 15,310 13.59 1.1 % 2.1 % 1.5 %
18 Ann Arbor, MI 152 3 823,518 93.3 % 95.1 % 13,453 17.30 0.8 % 1.3 % 1.4 %
19 Boston-Cambridge-Newton, MA-NH 11 7 862,097 94.0 % 95.5 % 13,249 16.09 1.9 % 1.4 % 1.3 %
20 San Francisco-Oakland-Fremont, CA 13 2 506,513 94.3 % 96.0 % 12,084 30.55 0.6 % 0.8 % 1.2 %
20 Largest CBSAs by ABR — 217 37,600,266 91.0 % 95.2 % 637,286 18.96 58.9 % 59.2 % 64.1 %
21 Vallejo, CA 120 1 519,266 91.2 % 100.0 % 12,035 23.37 0.3 % 0.8 % 1.2 %
22 North Port-Bradenton-Sarasota, FL 62 5 737,243 98.5 % 99.5 % 11,465 15.78 1.4 % 1.2 % 1.2 %
23 Port St. Lucie, FL 106 5 692,612 90.9 % 94.8 % 11,188 17.21 1.4 % 1.1 % 1.1 %
24 Binghamton, NY 202 4 751,541 93.8 % 96.8 % 11,047 15.19 1.1 % 1.2 % 1.1 %
25 Riverside-San Bernardino-Ontario, CA 12 4 501,668 90.7 % 98.6 % 10,734 24.88 1.1 % 0.8 % 1.1 %
26 Nashville-Davidson--Murfreesboro--Franklin, TN 35 4 797,885 97.1 % 97.2 % 10,679 13.82 1.1 % 1.3 % 1.1 %
27 Allentown-Bethlehem-Easton, PA-NJ 68 3 824,148 95.3 % 97.8 % 10,672 14.44 0.8 % 1.3 % 1.1 %
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 31
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
28 Memphis, TN-MS-AR 45 1 649,252 95.5 % 95.5 % 9,808 16.66 0.3 % 1.0 % 1.0 %
29 Cleveland, OH 34 3 803,543 91.6 % 92.7 % 9,795 13.24 0.8 % 1.3 % 1.0 %
30 Jacksonville, FL 38 3 693,762 96.4 % 96.8 % 8,426 13.09 0.8 % 1.1 % 0.8 %
31 Indianapolis-Carmel-Greenwood, IN 33 2 715,057 93.7 % 94.4 % 8,357 12.56 0.6 % 1.1 % 0.8 %
32 Hartford-West Hartford-East Hartford, CT 51 3 570,969 86.1 % 92.5 % 7,928 15.49 0.8 % 0.9 % 0.8 %
33 Louisville/Jefferson County, KY-IN 43 4 699,917 93.2 % 93.9 % 7,861 12.30 1.1 % 1.1 % 0.8 %
34 Worcester, MA 69 3 516,277 87.9 % 97.9 % 7,140 16.92 0.8 % 0.8 % 0.7 %
35 Scranton--Wilkes-Barre, PA 100 2 618,795 99.5 % 99.5 % 6,569 24.22 0.6 % 1.0 % 0.7 %
36 Milwaukee-Waukesha, WI 40 3 520,125 94.0 % 97.8 % 6,408 12.60 0.8 % 0.8 % 0.6 %
37 Greensboro-High Point, NC 78 1 407,244 100.0 % 100.0 % 6,368 15.64 0.3 % 0.6 % 0.6 %
38 New Haven, CT 101 4 486,863 91.2 % 96.0 % 6,343 13.57 1.1 % 0.8 % 0.6 %
39 Wilmington, NC 114 2 379,107 100.0 % 100.0 % 6,310 16.81 0.6 % 0.6 % 0.6 %
40 College Station-Bryan, TX 179 3 433,728 94.0 % 94.7 % 6,051 17.76 0.8 % 0.7 % 0.6 %
41 Oxnard-Thousand Oaks-Ventura, CA 74 2 319,844 84.5 % 96.6 % 5,933 19.90 0.6 % 0.5 % 0.6 %
42 Kiryas Joel-Poughkeepsie-Newburgh, NY 84 3 399,379 97.4 % 98.7 % 5,736 14.79 0.8 % 0.6 % 0.6 %
43 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 2 412,558 90.9 % 97.0 % 5,611 14.44 0.6 % 0.7 % 0.6 %
44 Atlantic City-Hammonton, NJ 151 2 315,534 97.2 % 97.7 % 5,400 17.51 0.6 % 0.5 % 0.5 %
45 Spartanburg, SC 142 1 376,624 94.2 % 96.9 % 5,273 14.77 0.3 % 0.6 % 0.5 %
46 Hilton Head Island-Bluffton-Port Royal, SC 205 3 318,350 84.2 % 84.2 % 5,083 18.95 0.8 % 0.5 % 0.5 %
47 Cape Coral-Fort Myers, FL 72 1 281,822 98.9 % 98.9 % 4,865 17.90 0.3 % 0.4 % 0.5 %
48 Manchester-Nashua, NH 128 2 234,324 80.0 % 97.7 % 4,771 22.43 0.6 % 0.4 % 0.5 %
49 Boulder, CO 163 1 275,919 87.4 % 96.1 % 4,620 17.43 0.3 % 0.4 % 0.5 %
50 Panama City-Panama City Beach, FL 219 2 403,492 96.2 % 99.7 % 4,543 11.47 0.6 % 0.6 % 0.5 %
50 Largest CBSAs by ABR — 296 53,257,114 91.7 % 95.6 % 864,305 18.04 81.0 % 83.9 % 86.9 %
51 Raleigh-Cary, NC 41 2 290,947 98.3 % 99.0 % 4,539 15.89 0.6 % 0.5 % 0.5 %
52 Norwich-New London-Willimantic, CT 177 1 243,511 93.4 % 93.4 % 4,444 19.99 0.3 % 0.4 % 0.4 %
53 Greenville-Anderson-Greer, SC 57 2 220,723 97.3 % 99.4 % 4,343 20.27 0.6 % 0.3 % 0.4 %
54 Kansas City, MO-KS 31 3 448,226 92.3 % 92.6 % 4,244 10.23 0.8 % 0.7 % 0.4 %
55 Dayton-Kettering-Beavercreek, OH 76 1 333,998 85.2 % 85.8 % 4,111 14.73 0.3 % 0.5 % 0.4 %
56 Bakersfield-Delano, CA 63 1 240,068 95.3 % 95.3 % 3,774 16.81 0.3 % 0.4 % 0.4 %
57 Mobile, AL 134 1 398,701 84.7 % 84.7 % 3,726 11.32 0.3 % 0.6 % 0.4 %
58 Winston-Salem, NC 85 2 351,938 85.0 % 85.0 % 3,712 12.96 0.6 % 0.6 % 0.4 %
59 Greenville, NC 258 1 233,153 90.0 % 100.0 % 3,643 15.62 0.3 % 0.4 % 0.4 %
60 Springfield, MA 118 2 321,353 96.4 % 98.2 % 3,574 15.26 0.6 % 0.5 % 0.4 %
61 Virginia Beach-Chesapeake-Norfolk, VA-NC 37 1 150,014 99.8 % 99.8 % 3,394 22.90 0.3 % 0.2 % 0.3 %
62 Sacramento-Roseville-Folsom, CA 27 1 84,599 15.4 % 100.0 % 3,183 37.62 0.3 % 0.1 % 0.3 %
63 Columbus, OH 32 2 277,000 89.6 % 93.6 % 3,011 12.01 0.6 % 0.4 % 0.3 %
64 Pittsfield, MA 336 1 188,444 99.1 % 99.1 % 2,986 15.99 0.3 % 0.3 % 0.3 %
65 Savannah, GA 126 2 214,679 96.4 % 97.9 % 2,973 14.15 0.6 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended September 30, 2024 Page 32
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
66 Fresno, CA 48 1 200,166 97.1 % 97.1 % 2,947 15.16 0.3 % 0.3 % 0.3 %
67 Roanoke, VA 165 2 311,149 100.0 % 100.0 % 2,935 11.63 0.6 % 0.5 % 0.3 %
68 Bridgeport-Stamford-Danbury, CT 59 1 180,507 85.2 % 95.9 % 2,845 18.50 0.3 % 0.3 % 0.3 %
69 Elkhart-Goshen, IN 230 1 214,067 98.0 % 98.0 % 2,796 13.33 0.3 % 0.3 % 0.3 %
70 Concord, NH 285 1 196,542 100.0 % 100.0 % 2,731 14.66 0.3 % 0.3 % 0.3 %
71 Richmond, VA 44 1 143,529 96.8 % 99.2 % 2,608 18.32 0.3 % 0.2 % 0.3 %
72 Santa Maria-Santa Barbara, CA 122 1 166,696 100.0 % 100.0 % 2,481 14.88 0.3 % 0.3 % 0.2 %
73 Duluth, MN-WI 176 1 183,105 94.9 % 94.9 % 2,454 14.12 0.3 % 0.3 % 0.2 %
74 Greeneville, TN 477 1 224,139 99.3 % 100.0 % 2,299 10.37 0.3 % 0.4 % 0.2 %
75 Flint, MI 137 1 164,632 100.0 % 100.0 % 2,272 13.89 0.3 % 0.3 % 0.2 %
76 Tucson, AZ 52 1 165,350 74.5 % 100.0 % 2,263 13.69 0.3 % 0.3 % 0.2 %
77 Rutland, VT 550 1 223,314 98.6 % 98.6 % 2,261 10.27 0.3 % 0.4 % 0.2 %
78 Columbus, IN 440 1 143,740 98.9 % 98.9 % 2,252 15.84 0.3 % 0.2 % 0.2 %
79 Manhattan, KS 323 1 214,898 94.9 % 98.8 % 2,231 16.95 0.3 % 0.3 % 0.2 %
80 Trenton-Princeton, NJ 146 1 149,993 95.7 % 100.0 % 2,228 14.85 0.3 % 0.2 % 0.2 %
81 Austin-Round Rock-San Marcos, TX 26 1 170,605 96.1 % 96.1 % 2,211 13.48 0.3 % 0.3 % 0.2 %
82 Portland-South Portland, ME 102 1 287,533 100.0 % 100.0 % 2,143 17.99 0.3 % 0.5 % 0.2 %
83 Crestview-Fort Walton Beach-Destin, FL 169 1 158,118 98.1 % 100.0 % 2,058 13.02 0.3 % 0.2 % 0.2 %
84 St. Louis, MO-IL 23 2 208,998 84.4 % 84.4 % 1,993 11.51 0.6 % 0.3 % 0.2 %
85 Deltona-Daytona Beach-Ormond Beach, FL 83 1 184,379 100.0 % 100.0 % 1,935 10.49 0.3 % 0.3 % 0.2 %
86 Palm Bay-Melbourne-Titusville, FL 90 1 131,243 96.8 % 96.8 % 1,935 15.23 0.3 % 0.2 % 0.2 %
87 Ithaca, NY 384 1 204,405 91.3 % 91.3 % 1,923 10.30 0.3 % 0.3 % 0.2 %
88 Charleston-North Charleston, SC 70 1 174,094 100.0 % 100.0 % 1,896 11.04 0.3 % 0.3 % 0.2 %
89 Lexington Park, MD 227 1 92,335 100.0 % 100.0 % 1,863 20.18 0.3 % 0.1 % 0.2 %
90 Murrells Inlet, SC 511 1 120,095 96.4 % 98.8 % 1,812 15.28 0.3 % 0.2 % 0.2 %
91 Toledo, OH 98 1 298,765 78.0 % 81.2 % 1,801 13.50 0.3 % 0.5 % 0.2 %
92 Lansing-East Lansing, MI 115 1 160,946 100.0 % 100.0 % 1,712 10.64 0.3 % 0.3 % 0.2 %
93 Corbin, KY 297 1 166,026 100.0 % 100.0 % 1,622 9.77 0.3 % 0.3 % 0.2 %
94 Durham-Chapel Hill, NC 94 1 97,226 96.6 % 96.6 % 1,573 16.75 0.3 % 0.2 % 0.2 %
95 Muskegon-Norton Shores, MI 257 1 104,600 96.2 % 96.2 % 1,546 15.37 0.3 % 0.2 % 0.2 %
96 Lafayette-West Lafayette, IN 214 1 132,027 100.0 % 100.0 % 1,501 11.37 0.3 % 0.2 % 0.2 %
97 Knoxville, TN 60 1 119,360 80.2 % 100.0 % 1,447 12.12 0.3 % 0.2 % 0.1 %
98 Corpus Christi, TX 121 1 84,667 72.0 % 87.6 % 1,269 17.12 0.3 % 0.1 % 0.1 %
99 Modesto, CA 105 1 86,689 100.0 % 100.0 % 1,252 14.86 0.3 % 0.1 % 0.1 %
100 Dalton, GA 307 1 78,922 100.0 % 100.0 % 905 12.24 0.3 % 0.1 % 0.1 %
100 Largest CBSAs by ABR — 356 63,197,328 91.9 % 95.6 % 991,962 17.46 98.9 % 99.6 % 99.7 %
Other CBSAs — 4 248,159 79.9 % 80.4 % 2,600 13.02 1.1 % 0.4 % 0.3 %
TOTAL — 360 63,445,487 91.9 % 95.6 % $ 994,562 $ 17.44 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended September 30, 2024 Page 33
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PROPERTIES BY STATE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 47 8,007,089 93.6 % 97.4 % $ 137,170 $ 17.95 13.1 % 12.6 % 13.8 %
2 Texas 48 7,406,957 89.4 % 95.3 % 119,241 17.67 13.3 % 11.7 % 12.0 %
3 California 28 5,182,105 92.4 % 97.9 % 115,762 24.39 7.8 % 8.2 % 11.6 %
4 New York 27 3,435,758 94.3 % 96.6 % 71,400 21.86 7.4 % 5.3 % 7.1 %
5 Pennsylvania 24 4,329,332 92.8 % 96.3 % 71,073 20.91 6.7 % 6.8 % 7.1 %
6 Illinois 16 3,941,828 84.0 % 90.0 % 54,844 15.86 4.4 % 6.2 % 5.5 %
7 Georgia 26 3,598,171 94.7 % 95.9 % 48,241 14.48 7.2 % 5.7 % 4.9 %
8 New Jersey 16 2,821,708 90.8 % 92.9 % 46,647 18.91 4.4 % 4.4 % 4.7 %
9 North Carolina 13 3,060,892 95.4 % 96.8 % 41,455 14.76 3.6 % 4.8 % 4.2 %
10 Michigan 14 2,714,064 94.0 % 96.8 % 37,235 14.83 3.9 % 4.3 % 3.7 %
11 Ohio 13 2,895,737 88.8 % 90.7 % 35,398 15.75 3.6 % 4.6 % 3.6 %
12 Massachusetts 11 1,646,783 93.0 % 97.3 % 24,526 17.06 3.1 % 2.6 % 2.5 %
13 Tennessee 7 1,790,636 95.7 % 97.1 % 24,233 14.24 1.9 % 2.8 % 2.4 %
14 Colorado 7 1,578,059 92.5 % 97.5 % 23,993 16.54 1.9 % 2.5 % 2.4 %
15 Connecticut 9 1,481,850 88.8 % 94.2 % 21,560 15.91 2.5 % 2.3 % 2.2 %
16 Kentucky 6 1,545,582 96.2 % 96.5 % 18,417 13.81 1.7 % 2.4 % 1.9 %
17 South Carolina 8 1,209,886 93.2 % 94.7 % 18,407 16.29 2.2 % 1.9 % 1.9 %
18 Minnesota 9 1,269,831 83.8 % 93.0 % 17,824 16.45 2.5 % 2.0 % 1.8 %
19 Indiana 5 1,204,891 95.8 % 96.2 % 14,906 12.97 1.4 % 1.9 % 1.5 %
20 Virginia 5 737,599 95.6 % 99.5 % 10,254 15.23 1.4 % 1.2 % 1.0 %
21 New Hampshire 5 672,254 91.1 % 97.3 % 9,925 15.82 1.4 % 1.1 % 1.0 %
22 Wisconsin 3 520,125 94.0 % 97.8 % 6,408 12.60 0.8 % 0.8 % 0.6 %
23 Maryland 2 371,986 97.3 % 97.3 % 6,157 17.56 0.6 % 0.6 % 0.6 %
24 Missouri 4 495,523 90.2 % 90.5 % 4,726 10.62 1.1 % 0.8 % 0.5 %
25 Kansas 2 376,599 92.2 % 94.4 % 3,742 13.62 0.6 % 0.6 % 0.4 %
26 Alabama 1 398,701 84.7 % 84.7 % 3,726 11.32 0.3 % 0.6 % 0.4 %
27 Arizona 1 165,350 74.5 % 100.0 % 2,263 13.69 0.3 % 0.3 % 0.2 %
28 Vermont 1 223,314 98.6 % 98.6 % 2,261 10.27 0.3 % 0.4 % 0.2 %
29 Maine 1 287,533 100.0 % 100.0 % 2,143 17.99 0.3 % 0.5 % 0.2 %
30 West Virginia 1 75,344 54.1 % 54.1 % 625 15.33 0.3 % 0.1 % 0.1 %
TOTAL 360 63,445,487 91.9 % 95.6 % $ 994,562 $ 17.44 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 34
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
1 Springdale Mobile AL Mobile, AL 2004 398,701 84.7 % $ 3,726 $ 11.32 Sam's Club* bealls, Burlington Stores, Conn's Home Plus, Crunch Fitness, David's Bridal, Five Below, Fresenius Medical Care, Marshalls, Shoe Station, Ulta, World Market Piccadilly
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 100.0 % 2,263 13.69 Sam's Club* Ace Pickleball Club, Big 5 Sporting Goods, CareMore, Defy-Tucson, Dollar Tree —
3 Bakersfield Plaza Bakersfield CA Bakersfield-Delano, CA 1970 240,068 95.3 % 3,774 16.81 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Kids Empire, Ross Dress for Less Hobby Lobby
4 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 99.4 % 5,095 28.59 Ralphs (Kroger) HomeGoods, Rite Aid, World Market —
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.1 % 3,357 29.07 TBA, Trader Joe's* CVS, Harbor Freight Tools —
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,594 24.02 Stater Bros. — —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 100.0 % 3,105 25.20 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection (3) Davis CA Sacramento-Roseville-Folsom, CA 2024 84,599 100.0 % 3,183 37.62 Trader Joe's Nordstrom Rack, PetSmart, Ulta —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 100.0 % 1,819 18.45 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 84.1 % 3,149 30.04 Major Market, Trader Joe's — —
11 Arbor Faire Fresno CA Fresno, CA 1995 200,166 97.1 % 2,947 15.16 Smart & Final Extra! (Chedraui USA) Boot Barn, PetSmart, The Home Depot DICK's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 166,696 100.0 % 2,481 14.88 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 86,689 100.0 % 1,252 14.86 Grocery Outlet American Freight, dd's Discounts (Ross) In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 97.6 % 6,436 23.37 Albertsons Best Buy, CVS, Kohl's, Optum Urgent Care, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 97.6 % 2,388 20.29 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 215,930 100.0 % 2,847 13.34 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Fremont, CA 1996 177,573 93.2 % 2,644 34.24 — Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Fremont, CA 2019 328,940 97.5 % 9,440 29.66 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center (3) Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2024 258,685 98.0 % 6,744 26.60 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls/HomeGoods, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 100.0 % 5,777 33.99 Ralphs (Kroger), Trader Joe's Crunch Fitness, CVS —
21 Plaza By The Sea San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1976 48,697 100.0 % 1,447 29.71 Stater Bros. — —
22 Village at Mira Mesa San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 432,079 97.5 % 11,685 28.02 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Petco —
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 95.6 % 3,994 25.37 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J.Maxx Burlington, Big 5 Sporting Goods
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 3,899 35.71 Trader Joe's Petco, Rite Aid, Ross Dress for Less —
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 4,059 27.29 El Super (Chedraui USA), Walmart Supercenter Five Below, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.6 % 2,576 14.10 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, CVS, Dollar Tree, Regency Theaters —
27 Vail Ranch Center (3) Temecula CA Riverside-San Bernardino-Ontario, CA 2024 201,682 98.6 % 4,241 28.59 Stater Bros. Burlington Stores, Dollar Tree, Five Below, Harbor Freight Tools, Kahoots —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 100.0 % 1,283 24.12 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 100.0 % 2,511 25.33 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (2) Vallejo CA Vallejo, CA 2023 519,266 100.0 % 12,035 23.37 Costco* Boot Barn, Century Theatres, City Sports Club, DSW, Mancini's Sleepworld, Marshalls, Michaels, OfficeMax, Pep Boys, Petco, PetSmart, Ross Dress for Less, Sky Zone, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Centennial, CO 1994 95,236 100.0 % 832 8.74 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Centennial, CO 1996 476,299 95.1 % 7,858 17.53 King Soopers (Kroger) 2nd & Charles, Ace Hardware, Activate, AMC, Boot Barn, Burlington Stores, Goldfish Swim School, Kohl's, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Centennial, CO 1996 178,013 100.0 % 2,309 13.43 King Soopers (Kroger) Chuze Fitness, iGen —
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 35
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
34 Villa Monaco Denver CO Denver-Aurora-Centennial, CO 1978 121,101 95.5 % 1,999 17.29 — Chuze Fitness —
35 Centennial Shopping Center Englewood CO Denver-Aurora-Centennial, CO 2013 113,830 100.0 % 1,422 38.94 King Soopers (Kroger) — —
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 96.1 % 4,620 17.43 Whole Foods Market (Amazon), Costco*, SuperTarget* Barnes & Noble, Chuck E. Cheese, Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
37 Westminster City Center Westminster CO Denver-Aurora-Centennial, CO 2024 317,661 100.0 % 4,953 15.59 Trader Joe's Barnes & Noble, David's Bridal, Dollar Tree, DSW, Golf Galaxy, JOANN, Party City, Petco, Ross Dress for Less, Sierra Trading Post, The Tile Shop, Ulta —
38 The Shoppes at Fox Run Glastonbury CT Hartford-West Hartford-East Hartford, CT 1974 108,167 92.1 % 2,945 29.56 Whole Foods Market (Amazon) Petco —
39 Parkway Plaza Hamden CT New Haven, CT 2006 72,353 100.0 % 1,095 15.13 PriceRite (Wakefern) — The Home Depot
40 The Manchester Collection (2) Manchester CT Hartford-West Hartford-East Hartford, CT 2001 312,908 90.5 % 3,265 12.26 Walmart Supercenter* Advance Auto Parts, Crazy Hot Deals, DSW, Edge Fitness, Hobby Lobby, Lava Island, Namco, Savers, U.S Furniture Best Buy, The Home Depot
41 Turnpike Plaza Newington CT Hartford-West Hartford-East Hartford, CT 2004 149,894 97.1 % 1,718 11.80 Price Chopper (Northeast Grocery) — —
42 North Haven Crossing North Haven CT New Haven, CT 1993 102,787 100.0 % 1,888 18.37 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
43 Colonial Commons - Orange Orange CT New Haven, CT 1996 133,786 97.0 % 860 6.63 — — —
44 Stratford Square Stratford CT Bridgeport-Stamford-Danbury, CT 1984 180,507 95.9 % 2,845 18.50 ALDI Esporta Fitness, Five Below, Marshalls —
45 Waterbury Plaza Waterbury CT New Haven, CT 2000 177,937 91.3 % 2,500 15.39 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
46 Waterford Commons Waterford CT Norwich-New London-Willimantic, CT 2004 243,511 93.4 % 4,444 19.99 — Books-A-Million, DICK'S Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
47 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,822 98.9 % 4,865 17.90 Publix bealls, Burlington Stores, Crunch Fitness, Kohl's, Naples Community Hospital, NewSouth Window Solutions —
48 Coastal Way - Coastal Landing (2) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 98.9 % 6,288 18.98 BJ's Wholesale Club, Sprouts Farmers Market Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta —
49 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 98.7 % 7,870 26.50 Costco*, SuperTarget* Burlington Stores, Dollar Tree, Five Below, Golf Galaxy, Michaels, PetSmart, Ross Dress for Less, Ulta Lowe's
50 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 263,646 92.4 % 4,075 16.86 Publix Harvest Church, Off the Wall Trampoline, Planet Fitness, Sanitas Medical Center —
51 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2006 90,483 89.7 % 2,092 25.78 — Broward County Library, CVS —
52 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 100.0 % 1,935 10.49 Publix Big Lots, Planet Fitness, Tractor Supply Co. —
53 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 100.0 % 2,058 13.02 Publix, ALDI* bealls, Books-A-Million, Office Depot, T.J.Maxx —
54 Normandy Square Jacksonville FL Jacksonville, FL 1996 89,822 100.0 % 938 10.75 Winn-Dixie (ALDI) Ace Hardware, Family Dollar —
55 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 329,740 95.8 % 3,111 10.58 — American Freight, bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Party City, Surplus Warehouse —
56 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,122 21.61 — Esporta Fitness, La Familia Pawn & Jewelry —
57 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-West Palm Beach, FL 2002 135,820 100.0 % 2,889 21.64 Walmart Neighborhood Market Walgreens —
58 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-West Palm Beach, FL 1992 184,416 93.2 % 1,962 11.60 Publix City Mattress, Dollar Tree, Staples —
59 Marco Town Center Marco Island FL Naples-Marco Island, FL 2023 109,545 98.0 % 3,139 29.25 Publix — —
60 Shops at Palm Lakes Miami FL Miami-Fort Lauderdale-West Palm Beach, FL 2023 231,536 100.0 % 5,234 24.70 Fresco y Más dd's Discounts (Ross), LA Fitness, Ross Dress for Less —
61 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 99.5 % 2,801 14.57 Publix Burlington Stores, HomeGoods, Pet Supplies Plus, Planet Fitness —
62 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 98.2 % 6,001 19.93 Trader Joe's Chuck E. Cheese, Connors Steak and Seafood, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
63 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,295 21.65 Publix Marshalls, Office Depot, PGA TOUR Superstore, West Marine —
64 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 99.6 % 5,389 22.21 The Fresh Market Barnes & Noble, Burlington Stores, Dollar Tree, HomeGoods, Party City, Saks OFF Fifth —
65 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 96.7 % 1,123 14.32 Publix — —
66 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,660 18.86 — LA Fitness Target
67 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 100.0 % 1,264 16.56 Publix — — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 36
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
68 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,410 19.40 Seabra Foods Office Depot —
69 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2024 413,887 92.6 % 12,727 33.21 — Activate, Capital Grille, Cuba Libre, Dick's Last Resort, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Monkey Joe's, Regal Cinemas, Rodizio Grill, Sports & Social, Wonderworks —
70 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 862 13.35 Publix — —
71 Martin Downs Village Center (2) Palm City FL Port St. Lucie, FL 1987 167,145 91.7 % 3,493 23.78 — Goodwill, Walgreens —
72 23rd Street Station Panama City FL Panama City-Panama City Beach, FL 1995 98,827 98.7 % 1,539 15.78 Publix — —
73 Panama City Square Panama City FL Panama City-Panama City Beach, FL 1989 304,665 100.0 % 3,004 10.06 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx —
74 East Port Plaza (3) Port St. Lucie FL Port St. Lucie, FL 2024 214,489 99.2 % 3,384 15.90 Publix Fortis Institute, Goodwill, Urban Air Adventure Park, Walgreens —
75 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 96.6 % 1,336 14.53 Winn-Dixie (ALDI) — —
76 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 793 13.91 Winn-Dixie (ALDI) — —
77 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 39,404 96.5 % 924 24.31 SuperTarget* — —
78 Beneva Village Shoppes Sarasota FL North Port-Bradenton-Sarasota, FL 2020 144,078 100.0 % 2,964 20.57 Publix Archwell Health, Harbor Freight Tools —
79 Sarasota Village Sarasota FL North Port-Bradenton-Sarasota, FL 1972 173,184 100.0 % 2,379 14.09 Publix Big Lots, Crunch Fitness, HomeGoods —
80 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 96.8 % 1,935 15.23 Publix Home Centric, Planet Fitness —
81 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,221 14.17 Sprouts Farmers Market bealls, Burlington Stores, T.J.Maxx —
82 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 96.9 % 4,377 16.70 Publix Bealls Florida, Burlington Stores, Michaels, Party City, Petco —
83 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 95.1 % 2,479 19.20 Publix CVS, Dollar Tree —
84 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,454 9.84 Winn-Dixie (ALDI) bealls, Big Lots —
85 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 195,214 90.3 % 2,529 14.34 Winn-Dixie (ALDI) Big Lots, Chuck E. Cheese, Crunch Fitness —
86 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 88.5 % 2,113 15.79 Publix Revive Health & Wellness —
87 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-West Palm Beach, FL 1989 110,109 92.4 % 1,052 10.34 Patel Brothers Dollar Tree Walmart
88 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 97.5 % 1,871 20.70 Publix Phenix Salon Suites —
89 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 98.6 % 1,469 17.59 — Dollar Tree, Ross Dress for Less —
90 Shoppes at Tarpon Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,622 17.98 Publix Petco, T.J.Maxx, Ulta —
91 Venice Plaza Venice FL North Port-Bradenton-Sarasota, FL 1999 132,345 98.8 % 1,081 8.27 Winn-Dixie (ALDI) T.J.Maxx/HomeGoods —
92 Venice Shopping Center Venice FL North Port-Bradenton-Sarasota, FL 2000 109,801 97.8 % 1,039 9.67 Publix American Freight —
93 Venice Village Venice FL North Port-Bradenton-Sarasota, FL 2022 177,835 100.0 % 4,002 22.82 Publix JOANN, Planet Fitness —
94 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Roswell, GA 1993 291,622 96.1 % 4,479 21.93 — American Freight, Barnes & Noble, Cooper's Hawk Winery & Restaurant, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
95 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Roswell, GA 1952 422,609 94.1 % 5,147 13.15 City Farmers Market dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma, P.C.X. —
96 Sweetwater Village Austell GA Atlanta-Sandy Springs-Roswell, GA 1985 66,197 98.2 % 580 8.92 Food Depot Dollar Tree —
97 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Roswell, GA 2002 79,047 100.0 % 1,363 17.24 Publix — —
98 Salem Road Station Covington GA Atlanta-Sandy Springs-Roswell, GA 2000 67,270 100.0 % 854 12.70 Publix — —
99 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Roswell, GA 2002 94,886 97.4 % 1,400 15.15 Kroger — —
100 Northside Dalton GA Dalton, GA 2001 78,922 100.0 % 905 12.24 — America's Thrift Stores, Dollar Tree —
101 Cosby Station Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1994 77,811 100.0 % 980 12.59 Publix — —
102 Park Plaza Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1986 46,670 93.8 % 869 19.93 Kroger* — —
103 Venture Pointe Duluth GA Atlanta-Sandy Springs-Roswell, GA 1995 155,172 100.0 % 1,779 11.46 Costco* American Freight, Ollie's Bargain Outlet, Studio Movie Grill Big Lots Supplemental Disclosure - Three Months Ended September 30, 2024 Page 37
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
104 Banks Station Fayetteville GA Atlanta-Sandy Springs-Roswell, GA 2006 178,871 78.4 % 1,367 11.65 Food Depot Staples —
105 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Roswell, GA 1992 220,787 100.0 % 3,235 15.19 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
106 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Roswell, GA 2003 97,040 98.7 % 1,457 15.21 Publix — —
107 Mableton Walk Mableton GA Atlanta-Sandy Springs-Roswell, GA 1994 105,884 95.2 % 1,660 16.47 Publix — —
108 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Roswell, GA 2023 221,201 96.0 % 2,361 11.12 — Burlington Stores, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
109 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Roswell, GA 1982 56,176 100.0 % 1,048 19.06 — Crunch Fitness —
110 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Roswell, GA 2004 113,079 96.3 % 1,447 13.29 Kroger — —
111 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Roswell, GA 1996 144,351 95.3 % 2,239 16.28 Kroger — —
112 Creekwood Village Rex GA Atlanta-Sandy Springs-Roswell, GA 1990 69,778 100.0 % 699 10.02 Food Depot — —
113 ConneXion Roswell GA Atlanta-Sandy Springs-Roswell, GA 2016 107,355 94.8 % 2,041 20.05 — Planet Fitness —
114 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Roswell, GA 1988 93,420 92.7 % 1,106 12.77 — PGA TOUR Superstore —
115 Kings Market Roswell GA Atlanta-Sandy Springs-Roswell, GA 2005 275,294 95.5 % 3,175 12.07 Publix Ace Pickleball Club, Frontgate, Sky Zone —
116 Victory Square Savannah GA Savannah, GA 2007 113,217 98.6 % 1,812 16.23 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
117 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Roswell, GA 2008 184,185 98.5 % 3,370 18.58 Kroger DaVita Dialysis —
118 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Roswell, GA 2006 135,865 94.2 % 1,707 13.34 Walmart Supercenter* Conn's Home Plus, Harbor Freight Tools, NCG Cinemas —
119 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.1 % 1,161 11.78 Kroger — —
120 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 1999 199,663 97.4 % 4,001 20.58 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese, Dollar Tree, Kirkland's, Party City, Petco, Ulta —
121 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 2000 151,643 92.4 % 2,281 16.29 Swadeshi Harbor Freight Tools, XSport Fitness Kohl's
122 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN 2006 196,445 99.5 % 2,524 12.91 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
123 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN 1998 211,105 97.1 % 2,886 15.80 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, XSport Fitness The Home Depot
124 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN 1992 541,651 96.0 % 6,558 13.36 Tony's Fresh Market (Heritage Grocers) AMC, At Home, Burlington Stores, Dollar Tree, Hollywood Park, JOANN, National Tire & Battery, OfficeMax, Party City, PetSmart, Planet Fitness, Ross Dress for Less —
125 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN 1987 273,060 78.8 % 2,367 11.00 Jewel-Osco (Albertsons) Burlington Stores, Harbor Freight Tools Hobby Lobby
126 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN 2005 347,503 100.0 % 5,044 14.51 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
127 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN 2006 171,530 62.9 % 1,389 12.87 — Bear Paddle Swim School, Painted Tree Marketplace —
128 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN 1997 106,683 75.4 % 1,300 16.16 Sunset Foods — —
129 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN 2019 240,259 71.7 % 2,758 16.00 — Altitude Trampoline Park, JOANN, LA Fitness —
130 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN 1997 118,281 92.5 % 1,752 16.90 Jewel-Osco (Albertsons) Planet Fitness —
131 Westridge Court / Block 59 (2) (3) Naperville IL Chicago-Naperville-Elgin, IL-IN 2024 532,613 88.5 % 10,167 23.14 The Fresh Market DICK’S Sporting Goods Warehouse Sale, Discovery Clothing, Edge Fitness, Five Below, Funtopia USA, La-Z-Boy Furniture, Painted Tree Marketplace, Star Cinema Grille, Ulta, Wayfair Outlet, World Market —
132 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN 2007 387,873 91.7 % 4,411 12.40 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco —
133 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN 1990 101,800 89.2 % 1,805 19.88 Whole Foods Market (Amazon) Skechers —
134 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN 1998 120,292 91.1 % 1,608 14.67 — Buffalo Wild Wings, Esporta Fitness, Harbor Freight Tools, Petco —
135 Tinley Park Plaza (3) Tinley Park IL Chicago-Naperville-Elgin, IL-IN 2024 241,427 96.1 % 3,993 17.22 Amazon Fresh Burlington Stores, Dollar Tree, Planet Fitness, Ross Dress for Less, The Tile Shop —
136 Meridian Village Carmel IN Indianapolis-Carmel-Greenwood, IN 1990 130,431 96.2 % 1,430 11.39 — Ollie's Bargain Outlet —
137 Columbus Center Columbus IN Columbus, IN 1964 143,740 98.9 % 2,252 15.84 — Burlington Stores, Five Below, HomeGoods, T.J.Maxx Target
138 Market Centre Goshen IN Elkhart-Goshen, IN 1994 214,067 98.0 % 2,796 13.33 Walmart Supercenter* Burlington Stores, Dollar Tree, JOANN, Ross Dress for Less, Staples — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 38
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
139 Speedway Super Center Speedway IN Indianapolis-Carmel-Greenwood, IN 2022 584,626 94.0 % 6,927 12.83 Kroger Aaron's, American Freight, Burlington Stores, Dollar Tree, Empire Beauty School, Harbor Freight Tools, HealthNet, Indiana Bureau of Motor Vehicles, Kohl's, Mattress Firm, Oak Street Health, Petco, pOpshelf, Ross Dress for Less, T.J.Maxx —
140 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,501 11.37 Pay Less (Kroger) — —
141 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 88.5 % 1,511 10.55 Hy-Vee — —
142 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 98.8 % 2,231 16.95 Dillons (Kroger) JOANN, Marshalls —
143 Florence Plaza - Florence <br>Square (2) Florence KY Cincinnati, OH-KY-IN 2014 679,639 98.3 % 8,934 16.90 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Burlington Stores, Boot Barn, Chuck E. Cheese, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, KPot Korean BBQ & Hot Pot, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Shoe Carnival, Sierra Trading Post, Staples, T.J.Maxx, Ulta —
144 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,388 85.1 % 1,783 10.66 — Ace Pickleball Club, CVS, Dollar Tree —
145 London Marketplace London KY Corbin, KY 1994 166,026 100.0 % 1,622 9.77 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
146 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 100.0 % 2,200 12.58 Kroger Petco —
147 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,747 92.4 % 1,748 12.64 Kroger Anytime Fitness —
148 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 100.0 % 2,130 13.40 Kroger Marketplace — —
149 Acton Plaza Acton MA Boston-Cambridge-Newton, MA-NH 1972 137,572 95.3 % 2,525 19.27 Roche Bros T.J.Maxx/HomeGoods —
150 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 97.9 % 1,209 8.79 America's Food Basket Citi Trends, Crunch Fitness —
151 Burlington Square I, II & III (3) Burlington MA Boston-Cambridge-Newton, MA-NH 2024 79,698 95.1 % 2,646 34.91 — Golf Galaxy, Staples Duluth Trading Co.
152 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 98.5 % 1,879 13.99 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot —
153 WaterTower Plaza (3) Leominster MA Worcester, MA 2024 285,714 100.0 % 4,310 15.52 TBA Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Party City, Petco, Staples, T.J.Maxx, The Paper Store —
154 Lunenburg Crossing Lunenburg MA Worcester, MA 1994 25,515 72.5 % 299 16.16 Hannaford Bros.* — Walmart
155 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 80,195 97.5 % 1,634 20.89 Stop And Compare Crunch Fitness —
156 Webster Square Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 94.3 % 2,812 16.32 Star Market (Albertsons) Marshalls/HomeGoods, Ocean State Job Lot —
157 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 99.1 % 2,986 15.99 Market 32 (Northeast Grocery) Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
158 Westgate Plaza Westfield MA Springfield, MA 1996 125,358 97.8 % 1,695 16.98 ALDI Ocean State Job Lot, PetSmart, T.J.Maxx —
159 Perkins Farm Marketplace Worcester MA Worcester, MA 1967 205,048 98.2 % 2,531 20.11 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
160 South Plaza Shopping Center California MD Lexington Park, MD 2005 92,335 100.0 % 1,863 20.18 — Best Buy, Old Navy, Petco, Ross Dress for Less —
161 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,651 96.4 % 4,294 16.62 Giant Food (Ahold Delhaize) Big Lots, JOANN, Planet Fitness, Ross Dress for Less, Ulta —
162 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,533 100.0 % 2,143 17.99 — Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts —
163 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 91.9 % 7,253 19.86 Kroger DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Skechers, Ulta —
164 Maple Village Ann Arbor MI Ann Arbor, MI 2020 297,220 98.6 % 5,178 17.66 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta —
165 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 91.3 % 977 12.53 Busch’s Fresh Food Market Ace Hardware —
166 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 85,168 100.0 % 1,030 12.09 — Ollie's Bargain Outlet, True Value —
167 Silver Pointe Shopping Center (2) Fenton MI Flint, MI 1996 164,632 100.0 % 2,272 13.89 VG's Food (SpartanNash) Dunham's Sports Five Below, Michaels, Old Navy, T.J.Maxx
168 Cascade East Grand Rapids MI Grand Rapids-Wyoming-Kentwood, MI 1983 99,529 92.6 % 841 9.12 D&W Fresh Market (SpartanNash) — —
169 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 100.0 % 1,712 10.64 — DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
170 Lakes Crossing Muskegon MI Muskegon-Norton Shores, MI 2008 104,600 96.2 % 1,546 15.37 — JOANN, Party City, Shoe Carnival, Ulta Kohl's
171 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 308,078 95.2 % 3,701 12.78 Sun Valley Supermarket Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Harbor Freight Tools, Octapharma, Ross Dress for less — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 39
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
172 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 465,378 97.4 % 7,212 20.85 TBA Barnes & Noble, DSW, Emagine Theatre, Harbor Freight Tools, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta Target
173 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,781 100.0 % 1,311 12.88 — Citi Trends, Party City, Planet Fitness Burlington Stores, Forman Mills
174 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,160 7.49 — Dunham's Sports, Tractor Supply Co., Urban Air Adventure Park —
175 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 160,192 100.0 % 2,020 12.61 — Crunch Fitness, Party City, Petco, Rally House, Ross Dress for Less Burlington Stores, Target
176 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 1,022 8.58 Save-A-Lot (Rabban Brothers) Dollar Tree, Planet Fitness —
177 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 99.0 % 2,595 21.09 SuperTarget* Dollar Tree, O'Reilly Auto Parts, Walgreens —
178 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,347 15.21 Cub Foods (United Natural Foods Inc.) — —
179 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 94.9 % 2,454 14.12 — Best Buy, Dollar Tree, Harbor Freight Tools, HomeGoods, JOANN, T.J.Maxx —
180 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 95.6 % 2,074 24.66 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
181 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 91.5 % 2,480 12.68 Loma Bonita Market Dollar Tree, Marshalls, Michaels, Walgreens —
182 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,133 19.87 ALDI, Cub Foods* Dollar Tree —
183 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 100.0 % 2,061 17.36 Fresh Thyme Farmers Market (Meijer) Dollar Tree, Marshalls —
184 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 80.8 % 2,545 15.03 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Citi Trends, Dollar Tree, Five Below, Planet Fitness, Ross Dress for Less —
185 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,135 15.53 Festival Foods (Knowlan's Super Markets) Dollar Tree —
186 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 78.7 % 1,514 14.43 ALDI Chuck E. Cheese, Michaels, Party City, Petco —
187 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 98.5 % 1,548 9.71 Price Chopper (Associated Wholesale) Fowling Warehouse —
188 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 90.1 % 1,185 10.53 Price Chopper (Associated Wholesale) — —
189 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 479 7.01 Schnucks — —
190 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,706 16.34 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
191 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,424 94.6 % 4,713 17.45 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
192 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 98.4 % 2,136 9.00 Patel Brothers Big Air Trampoline, Big Lots, Dollar Tree, Gabe's, The Home Depot, Tokyo Grill and Supreme Buffet, Value City Furniture —
193 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 184,267 98.4 % 2,833 15.63 LIDL Boot Barn, Harbor Freight Tools, PetSmart Target, The Home Depot
194 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 96.5 % 4,142 14.99 Walmart Supercenter* bealls, Best Buy, Dollar Tree, Five Below, Michaels, Pep Boys, pOpshelf, Ross Dress for Less —
195 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 100.0 % 6,368 15.64 — Burlington Stores, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, Party City, PetSmart, Ross Dress for Less, Shoe Carnival, Ulta, Wayfair Outlet Target
196 University Commons Greenville NC Greenville, NC 1996 233,153 100.0 % 3,643 15.62 Harris Teeter (Kroger) Barnes & Noble, Petco, HomeGoods, Shoe Carnival, T.J.Maxx Target
197 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 96.6 % 1,573 16.75 — Person County Health & Human Services —
198 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 98.1 % 4,319 12.61 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown —
199 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 100.0 % 2,278 16.28 — Burlington Stores, Party City, PetSmart, Shoe Carnival, Sportsman's Warehouse Target
200 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 4,032 17.13 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J.Maxx —
201 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 82.5 % 2,798 12.85 Compare Foods Citi Trends, Modern Home, Office Depot, O'Reilly Auto Parts —
202 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 94.8 % 914 13.33 CHEF'STORE (US Foods) Mattress Firm —
203 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 103,076 97.3 % 2,178 22.96 — Boston Interiors, Planet Fitness — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 40
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
204 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 100.0 % 2,731 14.66 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls —
205 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 98.0 % 2,593 22.01 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot
206 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 89,634 90.7 % 788 9.69 — JOANN, The Zoo Health Club, Tractor Supply Co. Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
207 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 151,754 96.9 % 1,635 11.11 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
208 Laurel Square Brick NJ New York-Newark-Jersey City, NY-NJ 2023 245,984 95.7 % 2,305 9.79 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
209 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 99.6 % 5,102 24.93 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
210 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — —
211 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,464 97.7 % 3,575 15.99 LIDL Big Lots, Esporta Fitness, Five Below, Pep Boys, Ross Dress for Less, Ulta —
212 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 100.0 % 2,228 14.85 Grocery Outlet 2nd Ave, Crab Du Jour, DaVita Dialysis, Planet Fitness, Rothman Orthopaedic Institute —
213 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ 2002 127,230 100.0 % 1,813 14.25 Super Stop & Shop (Ahold Delhaize) — —
214 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 95.7 % 7,662 23.71 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J.Maxx —
215 Middletown Plaza (3) Middletown NJ New York-Newark-Jersey City, NY-NJ 2024 201,532 97.8 % 4,222 21.43 Trader Joe's At Home, Petco, Retro Fitness —
216 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 94.5 % 1,359 31.59 ShopRite — —
217 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ 2022 254,548 81.9 % 4,188 20.10 Bhavani Food Market, TBA Dollar Tree, Marshalls, Pep Boys, Petco, Texas Roadhouse —
218 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ 1994 159,561 34.2 % 1,149 21.07 — — —
219 Rio Grande Plaza Rio Grande NJ Atlantic City-Hammonton, NJ 1997 136,351 98.2 % 1,812 13.53 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
220 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,183 97.3 % 3,588 20.57 ShopRite (Village Supermarket) Staples —
221 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ 1965 36,209 100.0 % 710 19.61 ShopRite (Village Supermarket) — —
222 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ 2006 87,760 98.8 % 1,575 18.16 Uncle Giuseppe's* Dollar Tree, Jersey Strong —
223 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 100.0 % 3,894 18.01 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta —
224 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ 1993 89,749 96.0 % 2,951 34.24 ALDI T.J.Maxx —
225 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ 1998 84,316 90.9 % 1,823 24.39 Amazon Fresh, BJ's Wholesale Club* Five Below Kohl's, Walmart
226 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1991 77,458 91.3 % 2,117 29.94 Stop & Shop* — Walgreens
227 West Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1965 42,594 98.9 % 1,246 29.57 Wild by Nature Market (King Kullen) — —
228 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ 2022 217,893 100.0 % 4,435 20.35 — Burlington Stores, Crazy Hot Deals, Dollar Tree, Floor & Décor, Phenix Salon Suites —
229 Dalewood I, II & III Shopping Center Hartsdale NY New York-Newark-Jersey City, NY-NJ 2024 196,148 91.1 % 6,252 35.80 H-Mart Barnes & Noble, T.J.Maxx, Ulta —
230 Unity Plaza Hopewell Junction NY Kiryas Joel-Poughkeepsie-Newburgh, NY 2005 67,462 100.0 % 1,430 21.20 Acme (Albertsons) — —
231 Cayuga Shopping Center Ithaca NY Ithaca, NY 1969 204,405 91.3 % 1,923 10.30 ALDI Big Lots, JOANN, Planet Fitness, True Value, VA Community Based Outpatient —
232 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ 1985 72,208 97.8 % 1,676 23.74 Key Food Marketplace T.J.Maxx —
233 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ 1981 17,000 100.0 % 679 39.94 Trader Joe's — —
234 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ 1972 61,904 100.0 % 1,584 25.59 KolSave Market* Dollar Tree, Planet Fitness —
235 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ 2020 36,470 100.0 % 1,518 41.62 North Shore Farms CVS —
236 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ 2007 222,775 93.3 % 3,475 17.48 Super Stop & Shop (Ahold Delhaize) Planet Fitness, Savers —
237 Wallkill Plaza Middletown NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1986 209,910 97.5 % 2,219 11.18 — Ashley Homestore, Big Lots, Citi Trends, David's Bridal, Hobby Lobby — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 41
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
238 Monroe Plaza Monroe NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1985 122,007 100.0 % 2,087 17.11 ShopRite (Wakefern) Crazy Hot Deals, U.S. Post Office —
239 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ 2006 251,589 98.5 % 5,858 25.44 A Matter of Health Barnes & Noble, Crazy Hot Deals, Decor Home Furniture, Jembro, Marshalls, Ulta —
240 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ 1971 39,743 98.3 % 1,575 40.30 — — —
241 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ 1961 129,996 94.2 % 3,399 27.77 — Dollar Tree, HomeGoods —
242 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ 2002 99,131 100.0 % 2,152 21.71 Fine Fare CVS, T.J.Maxx —
243 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ 2018 120,089 100.0 % 3,153 26.26 Costco* HomeSense, Marshalls/HomeGoods, PetSmart, Ulta —
244 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ 1975 44,131 100.0 % 1,298 29.41 — HomeGoods —
245 College Plaza (3) Selden NY New York-Newark-Jersey City, NY-NJ 2024 188,738 100.0 % 4,543 26.31 ShopRite (Wakefern) Burlington Stores, Five Below, Wren Kitchens Firestone
246 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 98.0 % 2,143 13.61 — Dollar Tree, Staples —
247 Parkway Plaza Vestal NY Binghamton, NY 1995 207,123 100.0 % 2,451 11.83 — Boot Barn, JOANN, Kohl's, PetSmart, Ross Dress for Less Target
248 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,656 17.94 — HomeGoods, Michaels, Old Navy —
249 Town Square (2) Vestal NY Binghamton, NY 1991 291,346 92.9 % 4,797 17.73 Sam's Club*, Walmart Supercenter* AMC, Barnes & Noble, Burlington Stores, DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DSW, Shoe Carnival, T.J.Maxx, Ulta —
250 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ 1977 88,501 95.8 % 2,960 34.91 H-Mart — —
251 Brunswick Town Center Brunswick OH Cleveland, OH 2004 151,048 97.0 % 2,536 17.92 Giant Eagle — The Home Depot
252 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 100.0 % 2,964 19.21 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
253 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 167,328 99.3 % 1,634 9.91 Kroger Pet Supplies Plus, Salvation Army —
254 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,551 80.3 % 3,478 17.09 Fresh Thyme Farmers Market (Meijer) HomeGoods, Painted Tree Marketplace, T.J.Maxx —
255 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 242,883 84.0 % 4,638 23.71 — Dollar Tree, Michaels, Old Navy, PetSmart, T.J.Maxx, Ulta Target
256 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,349 38.38 Kroger — —
257 Crown Point Columbus OH Columbus, OH 1980 145,280 96.1 % 1,544 11.09 Kroger Dollar Tree, Planet Fitness —
258 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,720 90.8 % 1,467 13.15 Kroger — —
259 South Towne Centre Dayton OH Dayton-Kettering-Beavercreek, OH 1972 333,998 85.8 % 4,111 14.73 Health Foods Unlimited Burlington Stores, JOANN, Party City, PetSmart, Value City Furniture —
260 Southland Shopping Center Middleburg Heights OH Cleveland, OH 1951 582,492 90.7 % 6,029 11.41 Giant Eagle, Marc's, BJ's Wholesale Club* Dollar Tree, Five Below, JOANN, Marshalls, OfficeMax, Party City, Petco, Treasure Hunt, UFC Gym —
261 The Shoppes at North Olmsted North Olmsted OH Cleveland, OH 2002 70,003 100.0 % 1,230 17.57 — Ollie's Bargain Outlet, Sears Outlet —
262 Surrey Square Norwood OH Cincinnati, OH-KY-IN 2010 175,140 100.0 % 2,617 28.81 Kroger Advance Auto Parts, Rainbow Shops —
263 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 298,765 81.2 % 1,801 13.50 Kroger Big Lots, Crunch Fitness, Dollar General, Harbor Freight Tools —
264 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 98.7 % 2,901 20.92 Giant Food (Ahold Delhaize) CVS —
265 Park Hills Plaza Altoona PA Altoona, PA 1985 9,894 86.7 % 322 37.52 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
266 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 96.6 % 4,232 14.14 Giant Food (Ahold Delhaize) Big Lots, Citi Trends, Marshalls/HomeGoods, PetSmart, Powerhouse Gym, Staples —
267 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 99.1 % 3,143 12.47 — Ollie's Bargain Outlet, Planet Fitness —
268 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 59.5 % 317 11.57 — — —
269 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 97.8 % 2,872 21.10 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
270 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 91.4 % 1,840 19.93 Kimberton Whole Foods — —
271 Plymouth Square Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 234,709 89.5 % 4,905 23.34 Weis Markets Planet Fitness, REI, Wren Kitchens —
272 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,239 29.31 Giant Food (Ahold Delhaize) — — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 42
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
273 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 95.3 % 617 14.36 Hung Vuong Food Market* — —
274 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 2023 312,355 98.9 % 3,830 19.59 — Burlington Stores, Dollar Tree, Gabe's, JOANN, Party City, PetSmart, Sierra Trading Post, T.J.Maxx, The Home Depot —
275 Barn Plaza (3) Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 238,793 80.9 % 4,267 22.09 Whole Foods Market (Amazon) Barnes & Noble, Kohl's —
276 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 96.6 % 1,487 20.45 — Ross Dress for Less —
277 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 100.0 % 1,138 20.78 Weis Markets* DaVita Dialysis —
278 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 226,909 98.9 % 8,379 38.77 McCaffrey's Ulta —
279 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 97.9 % 3,049 29.29 — Target —
280 Roosevelt Mall (3) Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 588,789 97.8 % 10,469 40.25 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less —
281 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 100.0 % 1,681 9.51 Redner's Warehouse Market Big Lots, Ross Dress for Less —
282 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 95.1 % 1,760 11.96 ALDI Big Lots, Dollar Tree, Five Below, Planet Fitness —
283 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 473 11.34 Fresh Grocer* — —
284 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 4,062 18.58 ShopRite (Wakefern) Famous Footwear, Harbor Freight Tools, Old Navy, Party City, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
285 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 91.6 % 812 13.98 Giant Food (Ahold Delhaize) — —
286 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 309,908 98.9 % 3,539 11.76 Redner's Warehouse Market Decor Home Furniture, Dollar Tree, Gabe's, PetSmart, Ross Dress for Less, Staples —
287 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,739 36.18 Walmart Supercenter Chuck E. Cheese, Cracker Barrel, Party City, Pet Supplies Plus —
288 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton-Port Royal, SC 2006 166,639 99.2 % 3,052 18.47 Kroger — —
289 Milestone Plaza Greenville SC Greenville-Anderson-Greer, SC 1995 89,721 98.5 % 1,686 20.25 Lowes Foods (Alex Lee) — —
290 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 2000 65,313 27.8 % 442 24.34 — — —
291 The Fresh Market Shoppes Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 1983 86,398 98.1 % 1,589 18.74 The Fresh Market — —
292 Island Plaza James Island SC Charleston-North Charleston, SC 1994 174,094 100.0 % 1,896 11.04 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Harbor Freight Tools —
293 Pawleys Island Plaza Pawleys Island SC Murrells Inlet, SC 2015 120,095 98.8 % 1,812 15.28 Publix Petco, T.J.Maxx, Ulta —
294 Fairview Corners I & II Simpsonville SC Greenville-Anderson-Greer, SC 2003 131,002 100.0 % 2,657 20.28 — Petco, Ross Dress for Less, T.J.Maxx Target
295 Hillcrest Market Place (3) Spartanburg SC Spartanburg, SC 2024 376,624 96.9 % 5,273 14.77 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
296 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,571 100.0 % 3,616 13.79 ALDI At Home, Big Lots, HomeGoods —
297 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 96.1 % 4,434 13.93 — Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Painted Tree Marketplace, Planet Fitness —
298 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 100.0 % 2,299 10.37 — bealls, Belk, Hobby Lobby, Marshalls, Ross Dress for Less —
299 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,447 12.12 Sprouts Farmers Market Painted Tree Marketplace, Urban Air Adventure Park —
300 The Commons at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 95.5 % 9,808 16.66 — Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Citi Trends, Crazy Hot Deals, Dave & Busters, David's Bridal, Dollar Tree, DSW, Michaels, Office Depot, Old Navy, Painted Tree Marketplace, PetSmart, T.J.Maxx Target, The Home Depot
301 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 95.8 % 1,547 14.15 Kroger — —
302 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,082 13.10 Kroger — Walgreens
303 Parmer Crossing Austin TX Austin-Round Rock-San Marcos, TX 1989 170,605 96.1 % 2,211 13.48 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Planet Fitness —
304 Baytown Shopping Center Baytown TX Houston-Pasadena-The Woodlands, TX 1987 95,941 97.8 % 1,696 18.07 — Goodwill, Sky Zone —
305 El Camino Bellaire TX Houston-Pasadena-The Woodlands, TX 2008 71,651 100.0 % 740 10.33 El Ahorro Supermarket Dollar Tree, Family Dollar —
306 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 85.2 % 946 8.11 — AlphaGraphics —
307 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.5 % 3,552 20.72 — Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's
308 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 100.0 % 1,553 29.50 Kroger CVS — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 43
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
309 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 87.6 % 1,269 17.12 — Crunch Fitness, Five Below —
310 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 95.2 % 2,422 26.67 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
311 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 100.0 % 1,363 20.57 — EōS Fitness —
312 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 98.2 % 816 12.05 — Canales —
313 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 100.0 % 525 11.54 — Big Lots —
314 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 90.7 % 1,275 13.58 El Rio Grande Latin Market Family Dollar —
315 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2024 574,143 95.6 % 8,508 19.93 El Rancho (Heritage Grocers), Kroger Burlington Stores, Citi Trends, Dollar Tree, Five Below, Kids Empire, LA Fitness, Ross Dress for Less, South Oak Cliff Dialysis, Target —
316 Parktown Deer Park TX Houston-Pasadena-The Woodlands, TX 1999 118,221 96.9 % 1,205 10.52 Food Town bealls, Walgreens —
317 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 100.0 % 2,886 16.92 Tom Thumb (Albertsons) Dollar Tree, EōS Fitness, Goody Goody Wine & Spirits —
318 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,526 98.5 % 4,439 22.81 Tom Thumb (Albertsons) DSW, Ulta —
319 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 788,584 99.8 % 18,495 23.50 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Half Price Books, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Party City, PetSmart, pOpshelf, Ross Dress for Less, Sky Zone, Staples, T.J.Maxx, Ulta —
320 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,569 17.63 Truong Nguyen Market — —
321 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.7 % 1,274 12.99 — Painted Tree Marketplace, Planet Fitness —
322 Bay Forest Houston TX Houston-Pasadena-The Woodlands, TX 2004 71,667 95.3 % 745 10.91 Kroger — —
323 Beltway South Houston TX Houston-Pasadena-The Woodlands, TX 1998 107,174 91.4 % 939 33.72 Kroger — —
324 Braes Heights Houston TX Houston-Pasadena-The Woodlands, TX 2022 92,179 98.2 % 2,966 32.75 — CVS, My Salon Suites —
325 Braesgate Houston TX Houston-Pasadena-The Woodlands, TX 1997 91,982 96.3 % 735 8.29 Food Town — —
326 Broadway Houston TX Houston-Pasadena-The Woodlands, TX 2006 74,988 98.7 % 976 13.71 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
327 Clear Lake Camino South Houston TX Houston-Pasadena-The Woodlands, TX 1964 106,058 68.7 % 1,089 16.36 ALDI Mr. Gatti's Pizza, Spec's Liquors —
328 Hearthstone Corners Houston TX Houston-Pasadena-The Woodlands, TX 2019 208,147 97.8 % 2,581 12.68 El Rancho (Heritage Grocers) Big Lots, Conn's Home Plus, XL Parts —
329 Jester Village Houston TX Houston-Pasadena-The Woodlands, TX 2022 62,665 99.0 % 1,431 23.06 — 24 Hour Fitness —
330 Jones Plaza (3) Houston TX Houston-Pasadena-The Woodlands, TX 2024 111,206 92.4 % 1,223 11.90 La Michoacana Supermarket Aaron's, Fitness Connection —
331 Jones Square Houston TX Houston-Pasadena-The Woodlands, TX 1999 169,786 96.8 % 1,660 10.10 — Big Lots, Hobby Lobby, King Dollar, Octapharma, Walgreens —
332 Maplewood Houston TX Houston-Pasadena-The Woodlands, TX 2004 99,177 90.1 % 969 10.84 Foodarama bealls, Kids Empire —
333 Merchants Park Houston TX Houston-Pasadena-The Woodlands, TX 2009 246,656 98.6 % 4,155 17.09 Kroger Big Lots, JD Sports, Petco, Planet Fitness, Ross Dress for Less —
334 Northgate Houston TX Houston-Pasadena-The Woodlands, TX 1972 38,724 100.0 % 677 17.48 El Rancho* WSS —
335 Northshore (2) Houston TX Houston-Pasadena-The Woodlands, TX 2001 232,654 97.1 % 3,427 15.39 Sellers Bros. Conn's Home Plus, Dollar Tree, Melrose Fashions, Nova Healthcare, Office Depot —
336 Northtown Plaza Houston TX Houston-Pasadena-The Woodlands, TX 1960 190,529 96.3 % 2,611 14.42 El Rancho (Heritage Grocers) Crazy Boss Big Discount Store, dd's Discounts (Ross), Dollar Tree —
337 Orange Grove Houston TX Houston-Pasadena-The Woodlands, TX 2005 184,664 99.1 % 2,225 12.68 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
338 Royal Oaks Village Houston TX Houston-Pasadena-The Woodlands, TX 2001 146,279 92.7 % 3,523 25.99 H-E-B — —
339 Tanglewilde Center Houston TX Houston-Pasadena-The Woodlands, TX 1998 82,623 84.9 % 1,237 17.63 ALDI Dollar Tree, Party City —
340 West U Marketplace Houston TX Houston-Pasadena-The Woodlands, TX 2000 60,136 100.0 % 1,620 26.94 Whole Foods Market (Amazon) — —
341 Westheimer Commons Houston TX Houston-Pasadena-The Woodlands, TX 1984 245,714 96.6 % 2,738 11.53 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Sanitas Medical Center, Shoe Carnival, Walgreens —
342 Crossroads Centre - Pasadena Pasadena TX Houston-Pasadena-The Woodlands, TX 1997 146,567 96.4 % 2,207 16.66 Kroger LA Fitness —
343 Spencer Square Pasadena TX Houston-Pasadena-The Woodlands, TX 1998 181,888 97.8 % 2,071 11.64 Kroger bealls, Octapharma, Petco, Retro Fitness —
344 Pearland Plaza Pearland TX Houston-Pasadena-The Woodlands, TX 1995 156,491 98.5 % 1,462 9.49 Kroger American Freight, Goodwill, Harbor Freight Tools, Walgreens — Supplemental Disclosure - Three Months Ended September 30, 2024 Page 44
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
345 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 147,500 91.4 % 2,976 23.01 Central Market (H-E-B) — —
346 Preston Park Village (3) Plano TX Dallas-Fort Worth-Arlington, TX 2024 256,332 83.8 % 6,012 28.00 — Gap Factory Store, HomeGoods, Petco —
347 Keegan's Meadow Stafford TX Houston-Pasadena-The Woodlands, TX 1999 125,100 97.0 % 1,625 13.80 El Rancho Retro Fitness —
348 Lake Pointe Village Sugar Land TX Houston-Pasadena-The Woodlands, TX 2010 162,263 86.7 % 4,277 30.41 Whole Foods Market (Amazon) — —
349 Texas City Bay Texas City TX Houston-Pasadena-The Woodlands, TX 2005 224,884 93.5 % 2,524 12.19 Kroger Conn's Home Plus, Five Below, Harbor Freight Tools, Planet Fitness —
350 Windvale Center The Woodlands TX Houston-Pasadena-The Woodlands, TX 2002 100,688 84.7 % 1,816 21.30 — Tesla —
351 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,907 98.1 % 1,317 10.10 Grocery Outlet Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
352 Hanover Square Mechanicsville VA Richmond, VA 1991 143,529 99.2 % 2,608 18.32 — Gold's Gym, Hobby Lobby Kohl's
353 Cave Spring Corners Roanoke VA Roanoke, VA 2005 144,942 100.0 % 1,357 15.76 Kroger Hamrick's —
354 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 100.0 % 1,578 9.49 — Dollar Tree, Kohl's, PetSmart —
355 Hilltop Plaza Virginia Beach VA Virginia Beach-Chesapeake-Norfolk, VA-NC 2010 150,014 99.8 % 3,394 22.90 Trader Joe's Five Below, JOANN, PetSmart, Ulta —
356 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 98.6 % 2,261 10.27 Market 32 (Northeast Grocery) Planet Fitness, T.J.Maxx, Walmart —
357 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,392 95.5 % 3,614 17.33 Sendik's Food Market Marshalls, Sierra Trading Post, The Tile Shop —
358 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 100.0 % 1,076 10.95 Pick 'n Save (Kroger) — —
359 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,430 99.2 % 1,718 8.51 — Hobby Lobby, Kohl's Big Lots, Five Below, HomeGoods, Sierra Trading Post
360 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 54.1 % 625 15.33 — Sportsman's Warehouse —
TOTAL PORTFOLIO 63,445,487 95.6 % $ 994,562 $ 17.44
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.
(4) Major Tenants exclude tenants that have ceased to operate prior to their lease expiration date.
Supplemental Disclosure - Three Months Ended September 30, 2024 Page 45
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