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8-K

Brixmor Property Group Inc. (BRX)

8-K 2024-04-29 For: 2024-04-29
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): April 29, 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.)

450 Lexington Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(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 April 29, 2024, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the first quarter ended March 31, 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 April 29, 2024.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the first quarter ended March 31, 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: April 29, 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_logoa.jpg

450 Lexington 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 FIRST QUARTER 2024 RESULTS

  • Strong Operating Performance Drove Record Total, Anchor, and Small Shop Leased Occupancy -

  • Achieved Record Lease Retention Rate -

  • Increased Nareit FFO and Same Property NOI Growth Expectations For 2024 -

NEW YORK, APRIL 29, 2024 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024 and 2023, net income was $0.29 per diluted share and $0.37 per diluted share, respectively.

Key highlights for the three months ended March 31, 2024 include:

•Executed 1.3 million square feet of new and renewal leases, with rent spreads on comparable space of 19.5%, including 0.7 million square

feet of new leases, with rent spreads on comparable space of 39.7%

•Sequentially increased total leased occupancy to a record 95.1%, anchor leased occupancy to a record 97.3%, and small shop leased occupancy to a record 90.5%

◦Commenced $12.0 million of annualized base rent

◦Leased to billed occupancy spread totaled 450 basis points

◦Total signed but not yet commenced lease population represented 3.2 million square feet and a record $67.7 million of annualized base rent

•Reported an increase in same property NOI of 5.9%

•Reported Nareit FFO of $163.4 million, or $0.54 per diluted share

•Stabilized $11.6 million of reinvestment projects at an average incremental NOI yield of 12%, with the in process reinvestment pipeline totaling $431.0 million at an expected average incremental NOI yield of 9%

•Completed $69.0 million of dispositions

•Issued $400.0 million of 5.500% Senior Notes due 2034

•Received a positive credit rating outlook on February 26, 2024 from Moody's Investors Service

Subsequent events:

•Updated previously provided Nareit FFO per diluted share expectations for 2024 to $2.08 - $2.11 from $2.06 - $2.10 and same property NOI growth expectations for 2024 to 3.50% - 4.25% from 2.50% - 3.50%

•Completed $17.3 million of acquisitions

•As previously announced, the Company's Board of Directors appointed Brian T. Finnegan, the Company's Senior Executive Vice President, Chief Operating Officer, as interim Chief Executive Officer and President, effective April 11, 2024. Mr. Finnegan's appointment followed the announcement that James M. Taylor, the Company's Chief Executive Officer and President, is taking a temporary medical leave of absence

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

"Our team delivered another quarter of strong operating results to start the year, achieving record occupancy and retention rate, while capitalizing on the continued demand from a wide range of traffic generating tenants to be in our well located centers,” commented Brian Finnegan, Interim Chief Executive Officer and President. “The momentum in the business is also evident in our improved outlook for 2024 and reflects the ongoing transformation of our centers as we continue to position this portfolio for long term sustainable growth.”

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended March 31, 2024 and 2023, net income was $88.9 million, or $0.29 per diluted share, and $112.2 million, or $0.37 per diluted share, respectively.

Nareit FFO

•For the three months ended March 31, 2024 and 2023, Nareit FFO was $163.4 million, or $0.54 per diluted share, and $151.6 million, or $0.50 per diluted share, respectively.

Same Property NOI Performance

•For the three months ended March 31, 2024, the Company reported an increase in same property NOI of 5.9% versus the comparable 2023 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.2725 per common share (equivalent to $1.09 per annum) for the second quarter of 2024.

•The dividend is payable on July 15, 2024 to stockholders of record on July 2, 2024, representing an ex-dividend date of July 1, 2024.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended March 31, 2024, the Company stabilized three value enhancing reinvestment projects with a total aggregate net cost of approximately $11.6 million at an average incremental NOI yield of 12% and added four new anchor space repositioning projects to its in process pipeline with a total aggregate net estimated cost of approximately $13.0 million at an expected incremental NOI yield of 7% - 14%.

•At March 31, 2024, the value enhancing reinvestment in process pipeline was comprised of 45 projects with an aggregate net estimated cost of approximately $431.0 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 22 anchor space repositioning projects with an aggregate net estimated cost of approximately $104.3 million at an expected incremental NOI yield of 7% - 14%; eight outparcel development projects with an aggregate net estimated cost of approximately $19.9 million at an expected average incremental NOI yield of 9%; and 15 redevelopment projects with an aggregate net estimated cost of approximately $306.9 million at an expected average incremental NOI yield of 8%.

•An in-depth review of a redevelopment project, which highlights the Company's reinvestment capabilities, Venice Village (North Port-Sarasota-Bradenton, FL), can be found at this link: https://www.brixmor.com/blog/creating-value-in-venice.

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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

Acquisitions

•During the three months ended March 31, 2024, the Company did not complete any acquisitions.

•Subsequent to March 31, 2024, the Company acquired West Center, an approximately 43,000 square foot grocery-anchored neighborhood shopping center located immediately adjacent to the Company’s Three Village Shopping Center on Long Island, New York in East Setaucket (New York-Newark-Jersey City, NY-NJ-PA), for $17.3 million. West Center is anchored by Wild by Nature Market and has compelling near-term leasing and value creation opportunities and, when combined with Three Village Shopping Center, creates optionality for long-term redevelopment and densification.

Dispositions

•During the three months ended March 31, 2024, the Company generated approximately $69.0 million of gross proceeds on the disposition of three shopping centers comprised of 0.6 million square feet of gross leasable area.

CAPITAL STRUCTURE

•On January 12, 2024, the Company's operating partnership, Brixmor Operating Partnership LP, issued $400.0 million aggregate principal amount of 5.50% Senior Notes due 2034. Proceeds will be utilized to repay the $300.4 million outstanding of 3.65% Senior Notes that mature in June 2024 and for general corporate purposes.

•At March 31, 2024, the Company had $1.7 billion in liquidity.

•At March 31, 2024, the Company's net principal debt to adjusted EBITDA, current quarter annualized was 5.6x and net principal debt to adjusted EBITDA, trailing twelve months was 5.9x.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2024 to $2.08 - $2.11 from $2.06 - $2.10 and same property NOI growth expectations for 2024 to 3.50% - 4.25% from 2.50% - 3.50%.

•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, litigation and other non-routine legal expenses, and gain or loss on extinguishment of debt, net, or any other one-time items

•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 $286 - $295 $0.95 - $0.98
Depreciation and amortization related to real estate 359 1.18
Gain on sale of real estate assets (15) (0.05)
Nareit FFO $630 - $639 $2.08 - $2.11

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.

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, April 30, 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 midnight ET on May 14, 2024 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode:13744748) or via the web through April 30, 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 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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

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.

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 359 retail centers comprise approximately 64 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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

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
3/31/24 12/31/23
Assets
Real estate
$ 1,779,318 $ 1,794,011
8,580,642 8,570,874
128,165 126,007
500,097 504,995
10,988,222 10,995,887
(3,251,649) (3,198,980)
Real estate, net 7,736,573 7,796,907
Cash and cash equivalents 407,105 866
Restricted cash 11,306 18,038
Marketable securities 19,519 19,914
Receivables, net, including straight-line rent receivables of 187,754 and 180,810, respectively 248,041 278,775
Deferred charges and prepaid expenses, net 165,625 164,061
Other assets 56,045 54,155
Total assets $ 8,644,214 $ 8,332,716
Liabilities
Debt obligations, net $ 5,311,444 $ 4,933,525
Accounts payable, accrued expenses and other liabilities 473,796 548,890
Total liabilities 5,785,240 5,482,415
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,013 3,006
Additional paid-in capital 3,301,402 3,310,590
Accumulated other comprehensive income (loss) 9,526 (2,700)
Distributions in excess of net income (454,967) (460,595)
Total equity 2,858,974 2,850,301
Total liabilities and equity $ 8,644,214 $ 8,332,716

All values are in US Dollars.

vi
CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/24 3/31/23
Revenues
Rental income $ 319,489 $ 311,130
Other revenues 752 314
Total revenues 320,241 311,444
Operating expenses
Operating costs 37,157 35,895
Real estate taxes 41,408 44,688
Depreciation and amortization 91,218 87,741
Impairment of real estate assets — 1,100
General and administrative 28,491 29,172
Total operating expenses 198,274 198,596
Other income (expense)
Dividends and interest 3,877 15
Interest expense (51,488) (48,680)
Gain on sale of real estate assets 15,142 48,468
Other (593) (405)
Total other income (expense) (33,062) (602)
Net income $ 88,905 $ 112,246
Net income per common share:
Basic $ 0.29 $ 0.37
Diluted $ 0.29 $ 0.37
Weighted average shares:
Basic 302,021 300,821
Diluted 302,712 301,833
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/24 3/31/23
Net income $ 88,905 $ 112,246
Depreciation and amortization related to real estate 89,673 86,748
Gain on sale of real estate assets (15,142) (48,468)
Impairment of real estate assets — 1,100
Nareit FFO $ 163,436 $ 151,626
Nareit FFO per diluted share $ 0.54 $ 0.50
Weighted average diluted shares outstanding 302,712 301,833
Items that impact FFO comparability
Transaction expenses, net $ (45) $ (58)
Total items that impact FFO comparability $ (45) $ (58)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 7,555 $ 4,001
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,724 2,668
Straight-line ground rent expense, net (1) 5 9
Dividends declared per share $ 0.2725 $ 0.2600
Dividends declared $ 82,104 $ 78,142
Dividend payout ratio (as % of Nareit FFO) 50.2 % 51.5 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
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SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/24 3/31/23 Change
Same Property NOI Analysis
Number of properties 355 355 —
Percent billed 90.6 % 90.1 % 0.5 %
Percent leased 95.1 % 94.2 % 0.9 %
Revenues
Base rent $ 225,201 $ 216,884
Expense reimbursements 71,545 69,959
Revenues deemed uncollectible 195 (1,051)
Ancillary and other rental income / Other revenues 6,248 5,426
Percentage rents 4,234 3,729
307,423 294,947 4.2 %
Operating expenses
Operating costs (36,473) (34,312)
Real estate taxes (41,040) (43,478)
(77,513) (77,790) (0.4) %
Same property NOI $ 229,910 $ 217,157 5.9 %
NOI margin 74.8 % 73.6 %
Expense recovery ratio 92.3 % 89.9 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent $ 8,317 3.8 %
Revenues deemed uncollectible 1,246 0.6 %
Net expense reimbursements 1,863 0.9 %
Ancillary and other rental income / Other revenues 822 0.4 %
Percentage rents 505 0.2 %
5.9 %
Reconciliation of Net Income to Same Property NOI
Net income $ 88,905 $ 112,246
Adjustments:
Non-same property NOI (2,092) (4,757)
Lease termination fees (390) (2,269)
Straight-line rental income, net (7,555) (4,001)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,724) (2,668)
Straight-line ground rent expense, net (5) (9)
Depreciation and amortization 91,218 87,741
Impairment of real estate assets — 1,100
General and administrative 28,491 29,172
Total other (income) expense 33,062 602
Same property NOI $ 229,910 $ 217,157
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Document

Exhibit 99.2

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> SUPPLEMENTAL DISCLOSURE
Three Months Ended March 31, 2024
TABLE OF CONTENTS
--- --- --- --- ---
Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA 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 26
Portfolio Composition 27
Top Forty Retailers Ranked by ABR 28
New & Renewal Lease Summary 29
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 30
Lease Expiration Schedule 31
Major CBSA Detail 32
Properties by State 35
Property List 36
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 March 31, 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 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. EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA 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 Principals ("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).
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.
Percent Leased Leased GLA as a percentage of total GLA.
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
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 3/31/24 Twelve Months<br>Ended 12/31/23
Total properties in Brixmor Property Group portfolio 359 362
Acquired properties excluded from Same Property NOI (1) (8)
Additional exclusions (1) (3) (9)
Same Property NOI pool (2) 355 345
(1) Additional exclusions for the three months ended March 31, 2024 and 2023 include three properties that were subject to partial dispositions in 2023.
(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 is excluded from the Same Property NOI pool for the three months ended March 31, 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><br>• EBITDA & Cash Adjusted EBITDA Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA 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, and Cash Adjusted EBITDA 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 March 31, 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 Twelve Months Ended
Summary Financial Results 3/31/24 3/31/23 3/31/24 3/31/23
Total revenues (page 6) 320,241 311,444 320,241 311,444
Net income (page 6) 88,905 112,246 88,905 112,246
Net income per diluted share (page 6) 0.29 0.37 0.29 0.37
NOI (page 10) 232,002 221,914 232,002 221,914
EBITDA (page 7) 232,322 249,377 232,322 249,377
EBITDAre (page 7) 217,180 202,009 217,180 202,009
Adjusted EBITDA (page 7) 217,225 202,067 217,225 202,067
Cash Adjusted EBITDA (page 7) 207,941 195,389 207,941 195,389
Nareit FFO (page 8) 163,436 151,626 163,436 151,626
Nareit FFO per diluted share (page 8) 0.54 0.50 0.54 0.50
Items that impact FFO comparability, net per share (page 8) (0.00) (0.00) (0.00) (0.00)
Dividends declared per share (page 8) 0.2725 0.2600 0.2725 0.2600
Dividend payout ratio (as % of Nareit FFO) (page 8) 50.2 51.5 50.2 51.5
Three Months Ended
Summary Operating and Financial Ratios 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
NOI margin (page 10) 74.7 72.9 74.2 73.5 73.4
Same property NOI performance (page 11) (1) 5.9 3.1 4.8 2.7 4.9
Fixed charge coverage, current quarter annualized (page 13) 4.2x 4.3x 4.3x 4.3x 4.2x
Fixed charge coverage, trailing twelve months (page 13) 4.3x 4.2x 4.2x 4.1x 4.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 13) (2) 5.6x 6.0x 6.1x 6.1x 6.1x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 13) (2) 5.9x 6.1x 6.1x 6.1x 6.2x
Outstanding Classes of Stock As of 3/31/24 As of 12/31/23 As of 9/30/23 As of 6/30/23 As of 3/31/23
Common shares outstanding (page 13) 301,299 300,596 300,596 300,593 300,548
Three Months Ended
Summary Acquisitions and Dispositions 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Aggregate purchase price of acquisitions (page 17) — 400 — 1,803 —
Aggregate sale price of dispositions (page 18) 68,960 21,576 16,975 26,771 124,550
NOI adjustment for acquisitions and dispositions, net (3) (463)
Summary Portfolio Statistics (4) As of 3/31/24 As of 12/31/23 As of 9/30/23 As of 6/30/23 As of 3/31/23
Number of properties (page 26) 359 362 364 365 367
Percent billed (page 26) 90.6 90.6 90.0 90.4 90.0
Percent leased (page 26) 95.1 94.7 93.9 94.1 94.0
ABR PSF (page 26) 17.12 16.88 16.77 16.60 16.46
New lease rent spread (page 29) 39.7 37.4 52.7 22.4 43.4
New & renewal lease rent spread (page 29) 19.5 19.6 22.3 15.4 19.2
Total - new, renewal & option lease rent spread (page 29) 14.1 15.6 17.5 12.9 14.9
Total - new, renewal & option GLA (page 29) 2,626,599 2,679,220 2,733,476 2,302,495 2,453,972
2024 Guidance Current Previous(at 2/12/24) YTD
Nareit FFO per diluted share 2.08 - 2.11 2.06 - 2.10 0.54
Same property NOI performance 3.50% - 4.25% 2.50% - 3.50% 5.9%
(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 March 31, 2024 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended March 31, 2024
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
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Unaudited, dollars in thousands, except share information
As of As of
3/31/24 12/31/23
Assets
Real estate
$ 1,779,318 $ 1,794,011
8,580,642 8,570,874
128,165 126,007
500,097 504,995
10,988,222 10,995,887
(3,251,649) (3,198,980)
Real estate, net 7,736,573 7,796,907
Cash and cash equivalents 407,105 866
Restricted cash 11,306 18,038
Marketable securities 19,519 19,914
Receivables, net, including straight-line rent receivables of 187,754 and 180,810, respectively 248,041 278,775
Deferred charges and prepaid expenses, net 165,625 164,061
Other assets 56,045 54,155
Total assets $ 8,644,214 $ 8,332,716
Liabilities
Debt obligations, net $ 5,311,444 $ 4,933,525
Accounts payable, accrued expenses and other liabilities 473,796 548,890
Total liabilities 5,785,240 5,482,415
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,013 3,006
Additional paid-in capital 3,301,402 3,310,590
Accumulated other comprehensive income (loss) 9,526 (2,700)
Distributions in excess of net income (454,967) (460,595)
Total equity 2,858,974 2,850,301
Total liabilities and equity $ 8,644,214 $ 8,332,716

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2024 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
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Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/24 3/31/23
Revenues
Rental income $ 319,489 $ 311,130
Other revenues 752 314
Total revenues 320,241 311,444
Operating expenses
Operating costs 37,157 35,895
Real estate taxes 41,408 44,688
Depreciation and amortization 91,218 87,741
Impairment of real estate assets — 1,100
General and administrative 28,491 29,172
Total operating expenses 198,274 198,596
Other income (expense)
Dividends and interest 3,877 15
Interest expense (51,488) (48,680)
Gain on sale of real estate assets 15,142 48,468
Other (593) (405)
Total other income (expense) (33,062) (602)
Net income $ 88,905 $ 112,246
Net income per common share:
Basic $ 0.29 $ 0.37
Diluted $ 0.29 $ 0.37
Weighted average shares:
Basic 302,021 300,821
Diluted 302,712 301,833
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 6
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EBITDA ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/24 3/31/23
Net income $ 88,905 $ 112,246
Interest expense 51,488 48,680
Federal and state taxes 711 710
Depreciation and amortization 91,218 87,741
EBITDA 232,322 249,377
Gain on sale of real estate assets (15,142) (48,468)
Impairment of real estate assets — 1,100
EBITDAre $ 217,180 $ 202,009
EBITDAre $ 217,180 $ 202,009
Transaction expenses, net 45 58
Adjusted EBITDA $ 217,225 $ 202,067
Adjusted EBITDA $ 217,225 $ 202,067
Straight-line rental income, net (7,555) (4,001)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,724) (2,668)
Straight-line ground rent expense, net (1) (5) (9)
Total adjustments (9,284) (6,678)
Cash Adjusted EBITDA $ 207,941 $ 195,389
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 7
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FUNDS FROM OPERATIONS (FFO) ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/24 3/31/23
Net income $ 88,905 $ 112,246
Depreciation and amortization related to real estate 89,673 86,748
Gain on sale of real estate assets (15,142) (48,468)
Impairment of real estate assets — 1,100
Nareit FFO $ 163,436 $ 151,626
Nareit FFO per diluted share $ 0.54 $ 0.50
Weighted average diluted shares outstanding 302,712 301,833
Items that impact FFO comparability
Transaction expenses, net $ (45) $ (58)
Total items that impact FFO comparability $ (45) $ (58)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 7,555 $ 4,001
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,724 2,668
Straight-line ground rent expense, net (1) 5 9
Dividends declared per share $ 0.2725 $ 0.2600
Dividends declared $ 82,104 $ 78,142
Dividend payout ratio (as % of Nareit FFO) 50.2 % 51.5 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 8
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SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
3/31/24 12/31/23
Deferred charges and prepaid expenses, net
Deferred charges, net $ 142,760 $ 141,816
Prepaid expenses, net 22,865 22,245
Total deferred charges and prepaid expenses, net $ 165,625 $ 164,061
Other assets
Right-of-use asset $ 27,685 $ 32,350
Furniture, fixtures and leasehold improvements, net 13,657 14,120
Interest rate swaps 10,336 4,364
Other 4,367 3,321
Total other assets $ 56,045 $ 54,155
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 229,693 $ 289,215
Below market leases, net 79,893 82,583
Dividends payable 85,102 85,692
Lease liability 28,423 36,105
Interest rate swaps 685 6,877
Other 50,000 48,418
Total accounts payable, accrued expenses and other liabilities $ 473,796 $ 548,890
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
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Unaudited, dollars in thousands
Three Months Ended
3/31/24 3/31/23
Net Operating Income Detail
Base rent $ 227,476 $ 222,202
Expense reimbursements 72,255 71,865
Revenues deemed uncollectible 143 (1,086)
Ancillary and other rental income / Other revenues 6,438 5,744
Percentage rents 4,260 3,781
Operating costs (37,162) (35,904)
Real estate taxes (41,408) (44,688)
Net operating income $ 232,002 $ 221,914
Operating Ratios
NOI margin (NOI / revenues) 74.7 % 73.4 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 92.0 % 89.2 %
Reconciliation of Net Income to Net Operating Income
Net income $ 88,905 $ 112,246
Lease termination fees (390) (2,269)
Straight-line rental income, net (7,555) (4,001)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,724) (2,668)
Straight-line ground rent expense, net (1) (5) (9)
Depreciation and amortization 91,218 87,741
Impairment of real estate assets — 1,100
General and administrative 28,491 29,172
Total other (income) expense 33,062 602
Net operating income $ 232,002 $ 221,914
Supplemental Statement of Operations Detail
Rental income
Base rent $ 227,476 $ 222,202
Expense reimbursements 72,255 71,865
Revenues deemed uncollectible 143 (1,086)
Lease termination fees 390 2,269
Straight-line rental income, net 7,555 4,001
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 1,724 2,668
Ancillary and other rental income 5,686 5,430
Percentage rents 4,260 3,781
Total rental income $ 319,489 $ 311,130
Other revenues $ 752 $ 314
Interest expense
Note interest $ 45,625 $ 42,654
Unsecured credit facility and term loan interest 5,715 5,936
Capitalized interest (920) (949)
Deferred financing cost amortization 1,796 1,755
Debt premium and discount accretion, net (728) (716)
Total interest expense $ 51,488 $ 48,680
Other
Federal and state taxes $ 711 $ 710
Other (118) (305)
Total other $ 593 $ 405
Additional Disclosures
Capitalized construction compensation costs $ 4,935 $ 4,633
Capitalized real estate taxes, insurance, and utilities 983 946
Capitalized leasing legal costs (2) 1,006 1,373
Capitalized leasing commission costs 2,079 2,211
Equity compensation expense, net 3,359 4,191
(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 March 31, 2024 Page 10
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SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/24 3/31/23 Change
Same Property NOI Analysis
Number of properties 355 355 —
Percent billed 90.6 % 90.1 % 0.5 %
Percent leased 95.1 % 94.2 % 0.9 %
Revenues
Base rent $ 225,201 $ 216,884
Expense reimbursements 71,545 69,959
Revenues deemed uncollectible 195 (1,051)
Ancillary and other rental income / Other revenues 6,248 5,426
Percentage rents 4,234 3,729
307,423 294,947 4.2 %
Operating expenses
Operating costs (36,473) (34,312)
Real estate taxes (41,040) (43,478)
(77,513) (77,790) (0.4) %
Same property NOI $ 229,910 $ 217,157 5.9 %
NOI margin 74.8 % 73.6 %
Expense recovery ratio 92.3 % 89.9 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent $ 8,317 3.8 %
Revenues deemed uncollectible 1,246 0.6 %
Net expense reimbursements 1,863 0.9 %
Ancillary and other rental income / Other revenues 822 0.4 %
Percentage rents 505 0.2 %
5.9 %
Reconciliation of Net Income to Same Property NOI
Net income $ 88,905 $ 112,246
Adjustments:
Non-same property NOI (2,092) (4,757)
Lease termination fees (390) (2,269)
Straight-line rental income, net (7,555) (4,001)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (1,724) (2,668)
Straight-line ground rent expense, net (5) (9)
Depreciation and amortization 91,218 87,741
Impairment of real estate assets — 1,100
General and administrative 28,491 29,172
Total other (income) expense 33,062 602
Same property NOI $ 229,910 $ 217,157
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/24 3/31/23
Leasing related:
Tenant improvements and tenant inducements $ 21,749 $ 18,373
External leasing commissions 3,507 2,791
25,256 21,164
Maintenance capital expenditures 5,961 10,644
Total leasing related and maintenance capital expenditures $ 31,217 $ 31,808
Value-enhancing:
Anchor space repositionings $ 12,126 $ 8,993
Outparcel developments 2,159 1,244
Redevelopments 20,752 28,620
Other (1) 7,744 4,690
Total value-enhancing capital expenditures $ 42,781 $ 43,547
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar projects.
Supplemental Disclosure - Three Months Ended March 31, 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
3/31/24 12/31/23
Common shares outstanding 301,299 300,596
Common share price $ 23.45 $ 23.27
$ 7,065,462 $ 6,994,869
Revolving credit facility $ — $ 18,500
Term loan facility 500,000 500,000
Unsecured notes 4,818,805 4,418,805
5,318,805 4,937,305
19,511 20,974
(26,872) (24,754)
5,311,444 4,933,525
(418,411) (18,904)
$ 4,893,033 $ 4,914,621
$ 11,958,495 $ 11,909,490
Cash and cash equivalents and restricted cash $ 418,411 $ 18,904
Available under Revolving Credit Facility (1) 1,248,574 1,230,074
$ 1,666,985 $ 1,248,978
Principal debt to total market capitalization 44.5 % 41.5 %
Principal debt to total assets, before depreciation 44.7 % 42.8 %
Unencumbered assets to unsecured debt 2.2x 2.3x
Net principal debt to Adjusted EBITDA, current quarter annualized (2) 5.6x 6.0x
Net principal debt to Adjusted EBITDA, trailing twelve months (2) 5.9x 6.1x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.2x 4.3x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.3x 4.2x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.2x 4.3x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.3x 4.2x
As of As of
3/31/24 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 4.3 4.1
Variable — 2.5
Total 4.3 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 April 29, 2024.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 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 $ 300,352 3.65 %
2025 700,000 3.85 %
2026 607,542 4.17 %
2027 900,000 3.94 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
2032 — — %
2033 — — %
2034 400,000 5.50 %
Total Debt Obligations $ 5,318,805 3.86 %
Net unamortized premium 19,511
Deferred financing costs (26,872)
Debt Obligations, Net $ 5,311,444
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 + 95 basis points) (2)(3) $ 500,000 3.98 % 7/26/27 9.40 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes 300,352 3.65 % 6/15/24 5.65 %
3.85% 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 13.16 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 11.28 %
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 0.12 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.02 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.52 %
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 6.58 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 14.10 %
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 15.04 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 9.40 %
5.50%, 2034 Brixmor OP Notes 400,000 5.50 % 2/15/34 7.52 %
Total Fixed Rate Unsecured Notes 4,818,805 3.85 % 90.60 %
Total Fixed Rate Debt $ 5,318,805 3.86 % 100.00 %
Revolving Credit Facility (Adjusted SOFR + 85 basis points) $ — 6.29 % 6/30/26 — %
Total Variable Rate Debt $ — 6.29 % — %
Total Debt Obligations $ 5,318,805 3.86 % 100.00 %
Net unamortized premium 19,511
Deferred financing costs (26,872)
Debt Obligations, Net $ 5,311,444
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective June 1, 2022, 300.0 million of the Term Loan Facility is swapped from Adjusted SOFR to a fixed, combined rate of 2.59% (plus a spread, currently 95 basis points) through July 26, 2024. 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 95 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 95 basis points, and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.
In December 2023, the Company entered into three forward-starting interest rate swap agreements with an aggregate notional amount of 150.0 million and a fixed, combined rate of 3.44%, subject to a variable spread adjustment upon debt issuance, to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of long-term debt.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2024 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 3/31/24
I. Aggregate debt test < 65% 45.7 %
Total Debt 5,311,444
Total Assets 11,620,138
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 11,620,138
III. Unencumbered asset ratio > 150% 218.8 %
Total Unencumbered Assets 11,620,138
Unsecured Debt 5,311,444
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 4.0x 4.0x
Consolidated EBITDA 824,165 841,840
Annual Debt Service Charge 206,759 212,271
(1) The Company had no secured debt as of March 31, 2024.
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, 2.500% 2031 Notes, and 5.500% 2034 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 August 11, 2021 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 3/31/24
I. Leverage ratio < 60% 35.0 %
Total Outstanding Indebtedness 5,318,805
Balance Sheet Cash (1) 430,109
Total Asset Value 13,975,523
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 430,109
Total Asset Value 13,975,523
III. Unsecured leverage ratio < 60% 35.1 %
Total Unsecured Indebtedness 5,318,805
Unrestricted Cash (3) 418,803
Unencumbered Asset Value 13,975,523
IV. Fixed charge coverage ratio > 1.5x 4.3x
Total Net Operating Income 907,858
Capital Expenditure Reserve 9,581
Fixed Charges 206,963
(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 March 31, 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 March 31, 2024 Page 15
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> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2024
ACQUISITIONS ↩Table of<br><br>Contents
--- --- ---
Dollars in thousands, except ABR PSF
There were no acquisitions completed during the three months ended March 31, 2024.
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 17
--- ---
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-Pompano Beach, FL 3/11/24 46,000 342,385 76.8 % 12.83 Citi Trends, Ross Dress for Less
North Dixie Plaza Elizabethtown-Fort Knox, KY 3/28/24 10,560 130,466 100.0 % 8.62 At Home, Staples
$ 68,960 574,415
TOTAL - THREE MONTHS ENDED MARCH 31, 2024 $ 68,960 574,415
(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. Supplemental Disclosure - Three Months Ended March 31, 2024 Page 18
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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 March 31, 2024
1 Pine Tree Shopping Center Portland-South Portland, ME Remerchandise former Big Lots with a 25K SF ALDI
2 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 9K SF Five Below
3 Ridglea Plaza Dallas-Fort Worth-Arlington, TX Combine adjacent spaces for a 53K SF EōS Fitness
4 Northshore - Project II Houston-The Woodlands-Sugar Land, TX Remerchandise and expand former Sellers Bros. with a 30K SF El Rancho (Heritage Grocers)
In Process Projects
5 Springdale Mobile, AL Remerchandise former Michaels with a 10K SF Five Below and additional retailers
6 Gateway Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Party City with an 11K SF Five Below and a 4K SF Wells Fargo
7 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
8 Arapahoe Crossings Denver-Aurora-Lakewood, CO Remerchandise former Stein Mart with a 17K SF Ace Hardware and an additional retailer
9 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
10 Granada Shoppes Naples-Marco Island, FL Remerchandise former Orchard Supply Hardware with a 29K SF HomeSense and a 9K SF Five Below
11 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
12 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
13 Rivercrest Shopping Center Chicago-Naperville-Elgin, IL-IN-WI Remerchandise former Best Buy with a 55K SF Tony's Fresh Market (Heritage Grocers)
14 Speedway Super Center Indianapolis-Carmel-Anderson, IN Combine adjacent small shop spaces for an 11K SF pOpshelf
15 Arborland Center Ann Arbor, MI Remerchandise former Bed Bath & Beyond with a 22K SF Marshalls, a 20K SF HomeGoods and additional retailers
16 Hampton Village Centre Detroit-Warren-Dearborn, MI Combine several small shop spaces for a 15K SF Barnes & Noble
17 Redford Plaza Detroit-Warren-Dearborn, MI Relocate and rightsize existing Burlington Stores to 30K SF and remerchandise the vacated space with a 15K SF Aaron's and additional retailers
18 Bedford Grove Manchester-Nashua, NH Remerchandise former Bed Bath & Beyond with a 29K SF Planet Fitness and additional retailers
19 Parkway Plaza Binghamton, NY Remerchandise former PriceRite with a 22K SF Ross Dress for Less and a 15K SF Boot Barn
20 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise anchor space with a 44K SF Whole Foods Market (Amazon) and an 11K SF Barnes & Noble
21 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Combine several small shop spaces for a 19K SF Planet Fitness
22 Windvale Center Houston-The Woodlands-Sugar Land, TX Remerchandise former Randall's and adjacent spaces with a 64K SF Tesla showroom and service center
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 22 $ 104,300 $ 41,500 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended March 31, 2024
1 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
2 Northshore - Project I Houston-The Woodlands-Sugar Land, TX Combine adjacent small shop spaces for a 12K SF specialty medical use
Number of Projects Net Project <br>Costs (1) NOI Yield (1)
Total Stabilized 2 $ 3,500 8 %
(1) 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 March 31, 2024 Page 19
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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 (2)
1 Upland Town Square Riverside-San Bernardino-Ontario, CA Construction of a 1K SF Dutch Bros. Coffee Jun-24 $ 550 $ 550 8 %
2 Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Construction of a 2K SF Chipotle Sep-24 1,700 450 10 %
3 Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ-PA 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) Sep-24 4,900 4,600 9 %
4 Brunswick Town Center Cleveland-Elyria, OH Constuction of an 8K SF multi-tenant outparcel, including a 4K SF First Watch and a 4K SF Mission BBQ Sep-24 3,500 2,900 10 %
5 Bedford Grove Manchester-Nashua, NH Construction of a 7K SF Evviva Trattoria endcap Dec-24 750 400 14 %
6 McMullen Creek Market Charlotte-Concord-Gastonia, NC-SC Construction of a 4K SF Aspen Dental Dec-24 1,750 650 10 %
7 Panama City Square Panama City, FL Construction of a 6K SF LongHorn Steakhouse Mar-25 1,800 900 8 %
8 Mansell Crossing Atlanta-Sandy Springs-Alpharetta, GA Construction of an 11K SF Cooper’s Hawk Winery & Restaurant Jun-25 4,900 600 10 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 19,850 $ 11,050 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) As a result of evolving project plans, Eastlake Plaza was removed from the Company's in process projects.
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 March 31, 2024 Page 20
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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
1 College Plaza New York-Newark-Jersey City, NY-NJ-PA 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; and shopping center upgrades including façade and sidewalk renovations 25 Jun-24 5,150 3,700 13 %
2 Plymouth Square Shopping Center (2) 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, 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 20,850 7 %
3 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 Dec-24 4,900 3,150 8 %
4 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 9,500 9 %
5 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 28,950 8 %
6 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 3,950 8 %
7 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 40,850 28,700 7 %
8 Jones Plaza Houston-The Woodlands-Sugar Land, 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-24 2,150 1,350 15 %
9 Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA 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 3,700 9 %
10 WaterTower Plaza Worcester, MA-CT 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 10,300 10 %
11 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 7,000 8 %
12 Westminster City Center Denver-Aurora-Lakewood, 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 an additional retailer; 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 Dec-25 15,900 13,200 8 %
13 Tinley Park Plaza (3) Chicago-Naperville-Elgin, IL-IN-WI 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 11,000 750 12 %
14 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 34,600 20,050 7 %
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 21
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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)
Wynnewood Village - Phase IV (4) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; construction of two multi-tenant outparcel buildings; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Mar-26 44,800 8,550 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 306,850 $ 163,700 8 %
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 March 31, 2024
Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA 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 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 8,050 14 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 0.3M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude 2.5M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude 0.5M 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.
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 March 31, 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 Pointe Orlando Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
3 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space to create potential entertainment / restaurant destination
4 Kings Park Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
5 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
6 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
7 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
8 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
9 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential multi family and/or medical office component
10 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 Arvada Plaza Denver-Aurora-Lakewood, CO Redevelopment and repositioning of shopping center
3 Sunrise Town Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment and repositioning of shopping center with new anchor prototype
4 Venetian Isle Shopping Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
5 Coconut Creek Plaza Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space, inline shop space and outparcel development
6 Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
7 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
8 Kings Market Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
9 Northeast Plaza Atlanta-Sandy Springs-Alpharetta, GA Redevelopment of existing anchor space for multiple retailers, densification of site
10 High Point Centre Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and repositioning of shopping center
11 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and reposition of rear portion of shopping center
12 London Marketplace London, KY Redevelopment and expansion of existing anchor space
13 Burlington Square I, II, & III Boston-Cambridge-Newton, MA-NH Redevelopment of existing anchor space, inline shop space and façade renovation
14 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment of existing anchor space, inline shop space and outparcel development
15 Sun Ray Shopping Center Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center
16 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
17 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
18 Harpers Station Cincinnati, OH-KY-IN Redevelopment of existing anchor space for multiple retailers
19 South Towne Centre Dayton-Kettering, OH Redevelopment of existing anchor space for multiple retailers
20 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
21 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
22 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
23 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
24 Festival Centre Charleston-North Charleston, SC Redevelopment of shopping center, potential mixed-use component
25 Circle Center Hilton Head Island-Bluffton, SC Redevelopment and repositioning of shopping center
26 Arboretum Village Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
27 Kessler Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
28 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center Supplemental Disclosure - Three Months Ended March 31, 2024 Page 23
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FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
29 Webb Royal Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
30 Baytown Shopping Center Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
31 Braesgate Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers
32 Clear Lake Camino South Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
33 Lake Pointe Village Houston-The Woodlands-Sugar Land, TX Reposition of existing vacant space and site densification
34 Maplewood Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
35 Hanover Square Richmond, VA Densification of site, including multi-tenant outparcel development
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 March 31, 2024 Page 24
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> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2024
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Number of properties 359 362 364 365 367
GLA 63,870,524 64,460,825 64,827,439 64,897,615 65,004,693
Percent billed 90.6% 90.6% 90.0% 90.4% 90.0%
Percent leased 95.1% 94.7% 93.9% 94.1% 94.0%
TOTAL ≥ 10,000 SF 97.3% 96.8% 95.7% 96.2% 96.1%
TOTAL < 10,000 SF 90.5% 90.3% 89.8% 89.4% 89.3%
ABR $ 978,178 $ 968,949 $ 958,128 $ 952,560 $ 944,756
ABR PSF $ 17.12 $ 16.88 $ 16.77 $ 16.60 $ 16.46
PORTFOLIO BY UNIT SIZE AS OF 3/31/24
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 397 22,531,193 35.3% 94.2% 98.2% $ 222,120 22.7% $ 11.42
20,000 - 34,999 SF 486 12,660,177 19.8% 91.0% 95.7% 148,374 15.2% 12.36
10,000 - 19,999 SF 603 8,227,355 12.9% 92.2% 97.2% 124,959 12.8% 15.95
5,000 - 9,999 SF 1,101 7,612,221 11.9% 86.4% 92.1% 144,230 14.7% 21.42
< 5,000 SF 5,979 12,839,578 20.1% 85.4% 89.6% 338,495 34.6% 30.42
TOTAL 8,566 63,870,524 100.0% 90.6% 95.1% $ 978,178 100.0% $ 17.12
TOTAL ≥ 10,000 SF 1,486 43,418,725 68.0% 92.9% 97.3% $ 495,453 50.7% $ 12.61
TOTAL < 10,000 SF 7,080 20,451,799 32.0% 85.8% 90.5% 482,725 49.3% 27.03
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 26
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PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-a76361834d384756a66.jpg](chart-a76361834d384756a66.jpg)     ![chart-f6ddad5750a24aaba8f.jpg](chart-f6ddad5750a24aaba8f.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-42a34256bf1a424fb1d.jpg chart-66deb3968d5e4730bf6.jpg

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

chart-931a38166d1648b3868.jpg chart-1f05c5d5215a4cc2a89.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
ESSENTIAL $ 308,236 33 %
Grocery / Pharmacy 144,744 15 %
General Merchandise (Discount / Dollar) 31,024 3 %
Pet 28,029 3 %
Medical (Essential) 27,264 3 %
Financial services 25,452 3 %
Home improvement 16,595 2 %
Mail / Shipping and Other services 15,034 2 %
Auto 10,546 1 %
Other Essential 9,548 1 %
OTHER $ 669,942 67 %
Restaurants 161,763 17 %
Other Personal Services 74,911 8 %
Off-Price Apparel 65,976 6 %
Fitness / Sports 59,931 5 %
Value Apparel, Shoes, Accessories 48,390 5 %
General Merchandise (Department, Gift, etc.) 43,003 4 %
Other Retail 40,472 4 %
Home Décor 39,750 4 %
Other Medical 30,174 3 %
Electronics & Appliance 25,474 3 %
Entertainment 21,422 2 %
Health & Beauty 20,347 2 %
Hobby & Crafts 17,147 2 %
Other Professional Services 11,928 1 %
Liquor 9,254 1 %
TOTAL $ 978,178 100 %
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 27
--- ---
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 2,624,402 4.1 % $ 33,423 3.4 % $ 12.74
2 The Kroger Co. (3) 44 2,994,662 4.7 % 22,724 2.3 % 7.59
3 Burlington Stores, Inc. 40 1,663,459 2.6 % 19,755 2.0 % 11.88
4 Dollar Tree Stores, Inc. (4) 120 1,370,807 2.1 % 16,691 1.7 % 12.18
5 Publix Super Markets, Inc. 31 1,431,891 2.2 % 14,563 1.5 % 10.17
6 Ross Stores, Inc (5) 44 1,124,164 1.8 % 14,227 1.5 % 12.66
7 Five Below, Inc. 60 571,711 0.9 % 11,564 1.2 % 20.23
8 L.A Fitness International, LLC (6) 14 566,362 0.9 % 10,994 1.1 % 19.41
9 Amazon.com, Inc. / Whole Foods Market Services, Inc. 15 595,292 0.9 % 10,630 1.1 % 17.86
10 PetSmart, Inc. 28 607,653 1.0 % 10,438 1.1 % 17.18
486 13,550,403 21.2 % 165,009 16.9 % 12.18
11 Albertson's Companies, Inc (7) 14 750,202 1.2 % 9,828 1.0 % 13.10
12 Ahold Delhaize (8) 16 864,919 1.4 % 9,555 1.0 % 11.05
13 Ulta Beauty, Inc. 35 387,064 0.6 % 9,380 1.0 % 24.23
14 Kohl's Corporation 14 1,051,137 1.6 % 8,819 0.9 % 8.39
15 PETCO Animal Supplies, Inc. 35 480,017 0.8 % 8,553 0.9 % 17.82
16 Big Lots, Inc. 27 904,525 1.4 % 6,678 0.7 % 7.38
17 The Michaels Companies, Inc. 21 472,884 0.7 % 6,284 0.6 % 13.29
18 Best Buy Co., Inc. (9) 11 413,875 0.6 % 5,394 0.6 % 13.03
19 ALDI (10) 18 571,927 0.9 % 5,316 0.5 % 9.29
20 Party City Holdco Inc. 23 340,834 0.5 % 5,112 0.5 % 15.00
700 19,787,787 30.9 % 239,928 24.6 % 12.13
21 CVS Health 15 222,799 0.3 % 5,097 0.5 % 22.88
22 Barnes & Noble, Inc. 14 297,565 0.5 % 4,976 0.5 % 16.72
23 JOANN Stores, Inc. 19 398,614 0.6 % 4,914 0.5 % 12.33
24 JP Morgan Chase & Co. 24 91,376 0.1 % 4,620 0.5 % 50.56
25 Staples, Inc. 17 341,969 0.5 % 4,605 0.5 % 13.47
26 Sprouts Farmers Market, Inc. 7 200,417 0.3 % 4,568 0.5 % 22.79
27 Gap, Inc. (11) 14 233,319 0.4 % 4,525 0.5 % 19.39
28 Hobby Lobby Stores, Inc. 11 604,732 0.9 % 4,348 0.4 % 7.19
29 Harbor Freight Tools 21 358,976 0.6 % 4,205 0.4 % 11.71
30 The Home Depot, Inc. 5 428,868 0.7 % 4,196 0.4 % 9.78
31 Chipotle Mexican Grill, Inc. 33 82,205 0.1 % 4,118 0.4 % 50.09
32 Bath & Body Works, Inc. 40 168,291 0.3 % 4,078 0.4 % 24.23
33 Office Depot, Inc. (12) 15 313,821 0.5 % 4,003 0.4 % 12.76
34 DICK's Sporting Goods, Inc. (13) 9 305,476 0.5 % 3,896 0.4 % 12.75
35 National Vision, Inc. (14) 36 131,311 0.2 % 3,831 0.4 % 29.18
36 Starbucks Corporation 37 69,668 0.1 % 3,766 0.4 % 54.06
37 Designer Brands Inc. (DSW) 12 232,077 0.4 % 3,735 0.4 % 16.09
38 AMC Entertainment 4 200,955 0.3 % 3,731 0.4 % 18.57
39 Bank of America, NA 25 87,063 0.1 % 3,729 0.4 % 42.83
40 Trader Joe's Company, Inc. 10 129,700 0.2 % 3,526 0.4 % 27.19
TOTAL TOP 40 RETAILERS 1,068 24,686,989 38.5 % $ 324,395 33.3 % $ 13.14
(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. (9) Includes Best Buy-10 and Yardbird-1.
all franchise locations. (6) Includes LA Fitness-7, Esporta Fitness-6, and City Sports Club-1. (10) Includes ALDI-12 and Winn-Dixie-6.
(2) Includes T.J. Maxx-32, Marshalls-31, HomeGoods-20, Sierra Trading Post-5 and HomeSense-2. (7) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, (11) Includes Old Navy-12 and Gap Factory-2.
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Food 4 Less-1, Harris Teeter-1, El Rancho (sublease)-1, Shop & Save Market-1 and Star Market-1. (12) Includes Office Depot-9 and OfficeMax-6.
Pay Less-1 and Pick 'N Save-1. (8) Includes Giant Food-6, Super Stop & Shop-5, Food Lion-2, Bottom Dollar Food-1, (13) Includes Golf Galaxy-4, DICK'S Sporting Goods-3
(4) Includes Dollar Tree-108 and Family Dollar-12. ShopRite (sublease)-1, and non-grocer (sublease)-1. and DICK'S Sporting Goods Warehouse Sale-2.
(14) Includes America's Best Contacts & Eyeglasses-34 and Eyeglass World-2. Supplemental Disclosure - Three Months Ended March 31, 2024 Page 28
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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 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 %
Three months ended 9/30/23 427 2,733,476 50,591 18.51 4.29 2.14 6.7 354 2,294,170 18.09 15.39 17.5 %
Three months ended 6/30/23 432 2,302,495 44,163 19.18 4.88 2.46 6.5 345 1,868,730 17.91 15.87 12.9 %
TOTAL - TWELVE MONTHS ENDED 3/31/24 1,612 10,341,790 $ 185,307 $ 17.92 $ 4.46 $ 2.19 6.6 1,301 8,526,237 $ 17.22 $ 14.96 15.1 %
NEW & RENEWAL LEASES ONLY
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 %
Three months ended 9/30/23 368 1,748,987 37,730 21.57 6.71 3.34 7.7 295 1,309,681 21.87 17.88 22.3 %
Three months ended 6/30/23 375 1,400,822 32,873 23.47 8.01 4.04 7.4 288 967,057 22.93 19.87 15.4 %
TOTAL - TWELVE MONTHS ENDED 3/31/24 1,394 6,211,076 $ 137,264 $ 22.10 $ 7.43 $ 3.64 7.6 1,083 4,395,523 $ 22.48 $ 18.83 19.4 %
NEW LEASES
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 %
Three months ended 9/30/23 151 789,336 17,949 22.74 14.24 7.38 10.6 78 350,030 25.32 16.58 52.7 %
Three months ended 6/30/23 136 624,684 15,180 24.30 15.29 9.03 9.9 52 205,869 23.15 18.91 22.4 %
TOTAL - TWELVE MONTHS ENDED 3/31/24 554 2,922,052 $ 65,053 $ 22.26 $ 13.93 $ 7.68 10.0 249 1,174,766 $ 23.49 $ 16.85 39.4 %
RENEWAL LEASES
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 %
Three months ended 9/30/23 217 959,651 19,781 20.61 0.52 0.02 5.4 217 959,651 20.61 18.36 12.3 %
Three months ended 6/30/23 239 776,138 17,693 22.80 2.16 0.02 5.4 236 761,188 22.87 20.13 13.6 %
TOTAL - TWELVE MONTHS ENDED 3/31/24 840 3,289,024 $ 72,211 $ 21.96 $ 1.65 $ 0.05 5.5 834 3,220,757 $ 22.11 $ 19.55 13.1 %
OPTION LEASES
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 %
Three months ended 9/30/23 59 984,489 12,861 13.06 — — 4.9 59 984,489 13.06 12.07 8.2 %
Three months ended 6/30/23 57 901,673 11,290 12.52 — — 5.0 57 901,673 12.52 11.59 8.0 %
TOTAL - TWELVE MONTHS ENDED 3/31/24 218 4,130,714 $ 48,043 $ 11.63 $ — $ — 5.0 218 4,130,714 $ 11.63 $ 10.84 7.3 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 3/31/24 Twelve Months Ended 3/31/24
% 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 13 % 1,770,879 67 % 46 % $ 11.49 10.9 % 14 % 6,603,198 64 % 43 % $ 12.03 14.0 %
New & Renewal Leases Only 9 % 625,038 47 % 32 % 15.40 23.4 % 9 % 2,972,271 48 % 32 % 14.79 23.8 %
New Leases 15 % 449,673 63 % 48 % 16.24 48.8 % 12 % 1,551,177 53 % 38 % 16.10 52.8 %
Renewal Leases 5 % 175,365 29 % 16 % 13.24 7.6 % 7 % 1,421,094 43 % 26 % 13.36 11.2 %
Option Leases 37 % 1,145,841 88 % 75 % 9.35 6.6 % 43 % 3,630,927 88 % 74 % 9.77 6.9 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 87 % 855,720 33 % 54 % $ 27.89 16.6 % 86 % 3,738,592 36 % 57 % $ 28.32 16.1 %
New & Renewal Leases Only 91 % 697,041 53 % 68 % 29.15 18.6 % 91 % 3,238,805 52 % 68 % 28.81 17.6 %
New Leases 85 % 259,491 37 % 52 % 30.26 35.6 % 88 % 1,370,875 47 % 62 % 29.23 31.8 %
Renewal Leases 95 % 437,550 71 % 84 % 28.50 13.9 % 93 % 1,867,930 57 % 74 % 28.50 13.8 %
Option Leases 63 % 158,679 12 % 25 % 22.33 8.5 % 57 % 499,787 12 % 26 % 25.17 8.5 %
(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 March 31, 2024 Page 29
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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
3/31/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
NEW LEASES
Weighted average over lease term:
Base rent $ 23.95 $ 22.96 $ 22.94 $ 25.00 $ 25.01 $ 21.47
Tenant improvements and allowances (1.57) (1.22) (1.76) (1.61) (1.70) (1.59)
Third-party leasing commissions (0.78) (0.65) (0.82) (0.75) (0.90) (0.74)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 21.60 21.09 20.36 22.64 22.41 19.14
Tenant specific landlord work (1) (2.60) (2.67) (2.77) (2.38) (2.60) (2.07)
NET EFFECTIVE RENT $ 19.00 $ 18.42 $ 17.59 $ 20.26 $ 19.81 $ 17.07
Net effective rent before tenant specific landlord work /
base rent 90% 92% 89% 91% 90% 89%
Net effective rent / base rent 79% 80% 77% 81% 79% 80%
Weighted average term (years) 10.0 9.8 9.6 10.6 9.9 9.5
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 34% 46% 28% 39% 23% 39%
< 10,000 SF 66% 54% 72% 61% 77% 61%
As of 3/31/24: Leases GLA ABR ABR PSF
≥ 10,000 SF 81 2,172,525 $ 33,642 $ 15.49
< 10,000 SF 321 1,035,151 34,074 32.92
TOTAL 402 3,207,676 $ 67,716 $ 21.11
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2024 (remaining) 2025 2026+ Total
Projected Lease Commencements $ 41,030 $ 23,507 $ 3,179 $ 67,716
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 500 basis points of total portfolio GLA (67.7M in ABR), 50 basis points (8.1M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
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 March 31, 2024 Page 30
LEASE EXPIRATION SCHEDULE ↩Table of<br><br>Contents
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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 198 672,977 1.1 % 1.1 % $ 16.30 $ 16.30 14 251,869 0.6 % 0.6 % $ 11.05 $ 11.05 184 421,108 2.3 % 1.7 % $ 19.44 $ 19.44
2024 632 3,163,355 5.2 % 4.7 % 14.38 14.39 73 1,817,118 4.3 % 3.7 % 10.07 10.07 559 1,346,237 7.3 % 5.6 % 20.20 20.21
2025 1,094 7,713,529 12.7 % 11.5 % 14.62 14.69 185 5,239,720 12.4 % 11.2 % 10.60 10.61 909 2,473,809 13.4 % 11.8 % 23.12 23.32
2026 1,029 6,993,830 11.5 % 11.6 % 16.16 16.44 160 4,683,689 11.1 % 10.8 % 11.38 11.43 869 2,310,141 12.5 % 12.4 % 25.87 26.62
2027 1,040 8,299,051 13.7 % 13.1 % 15.48 15.94 187 5,821,472 13.8 % 13.3 % 11.30 11.43 853 2,477,579 13.4 % 13.0 % 25.31 26.54
2028 966 6,857,261 11.3 % 11.9 % 17.00 17.66 167 4,679,876 11.1 % 11.4 % 12.12 12.21 799 2,177,385 11.8 % 12.4 % 27.48 29.36
2029 774 7,700,019 12.7 % 11.5 % 14.64 15.64 180 5,906,060 14.0 % 13.2 % 11.04 11.44 594 1,793,959 9.7 % 9.8 % 26.50 29.45
2030 376 3,616,106 6.0 % 5.7 % 15.43 16.92 80 2,634,048 6.2 % 5.8 % 10.90 11.62 296 982,058 5.3 % 5.6 % 27.57 31.11
2031 315 2,687,885 4.4 % 4.6 % 16.76 18.89 66 1,850,357 4.4 % 4.8 % 12.85 14.07 249 837,528 4.5 % 4.4 % 25.40 29.54
2032 346 2,694,571 4.4 % 4.9 % 17.86 20.06 61 1,794,395 4.2 % 4.4 % 12.06 13.04 285 900,176 4.9 % 5.5 % 29.42 34.06
2033 413 3,195,074 5.3 % 6.1 % 18.53 21.12 85 2,072,825 4.9 % 5.4 % 13.04 14.28 328 1,122,249 6.0 % 6.7 % 28.67 33.76
2034+ 639 7,160,204 11.7 % 13.3 % 18.14 21.41 180 5,487,401 13.0 % 15.4 % 13.96 15.99 459 1,672,803 8.9 % 11.1 % 31.87 39.20
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 198 672,977 1.1 % 1.1 % $ 16.30 $ 16.30 14 251,869 0.6 % 0.6 % $ 11.05 $ 11.05 184 421,108 2.3 % 1.7 % $ 19.44 $ 19.44
2024 541 2,150,712 3.5 % 3.1 % 14.27 14.27 45 989,895 2.3 % 1.8 % 8.91 8.91 496 1,160,817 6.3 % 4.5 % 18.84 18.85
2025 769 3,194,550 5.3 % 5.5 % 16.72 16.86 58 1,436,424 3.4 % 2.6 % 9.03 9.05 711 1,758,126 9.5 % 8.4 % 23.01 23.24
2026 691 2,517,636 4.1 % 5.1 % 19.75 20.37 42 975,714 2.3 % 2.2 % 11.39 11.57 649 1,541,922 8.3 % 8.0 % 25.04 25.95
2027 672 2,639,024 4.3 % 5.6 % 20.72 21.81 51 1,076,627 2.5 % 2.7 % 12.54 12.93 621 1,562,397 8.4 % 8.5 % 26.35 27.93
2028 641 2,287,826 3.8 % 5.2 % 22.36 23.91 40 826,000 2.0 % 2.2 % 13.40 13.62 601 1,461,826 7.9 % 8.3 % 27.42 29.73
2029 461 1,626,726 2.7 % 3.6 % 21.79 24.32 26 494,270 1.2 % 1.1 % 11.50 12.57 435 1,132,456 6.1 % 6.2 % 26.29 29.45
2030 314 1,838,967 3.0 % 3.3 % 17.48 19.37 40 1,025,531 2.4 % 2.4 % 11.71 12.64 274 813,436 4.4 % 4.2 % 24.75 27.85
2031 291 1,729,210 2.8 % 3.1 % 17.64 20.00 34 984,259 2.3 % 2.3 % 11.38 12.44 257 744,951 4.0 % 4.0 % 25.90 29.98
2032 300 2,003,884 3.4 % 3.7 % 18.16 20.18 53 1,237,319 2.9 % 3.2 % 12.84 13.88 247 766,565 4.1 % 4.2 % 26.75 30.36
2033 323 2,093,911 3.4 % 3.8 % 17.98 20.58 61 1,297,995 3.1 % 3.2 % 12.38 13.54 262 795,916 4.3 % 4.5 % 27.10 32.06
2034+ 2,621 37,998,439 62.6 % 56.9 % 14.62 18.89 974 31,642,927 75.0 % 75.7 % 11.83 15.08 1,647 6,355,512 34.4 % 37.5 % 28.49 37.85
(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 3/31/24 81.6% 89.2%
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 31
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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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 2023 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 250 44,024,009 90.2 % 94.9 % $ 700,875 $ 17.79 69.6 % 68.9 % 71.7 %
CBSAs Ranked 51 - 100 by Population 41 7,411,428 89.9 % 94.7 % 97,662 14.75 11.4 % 11.6 % 10.0 %
Other CBSAs 68 12,435,087 92.6 % 96.3 % 179,641 16.13 19.0 % 19.5 % 18.3 %
TOTAL 359 63,870,524 90.6 % 95.1 % $ 978,178 $ 17.12 100.0 % 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 4,003,813 88.7 % 95.1 % $ 72,979 $ 22.16 6.0 % 6.3 % 7.4 %
2 New York-Newark-Jersey City, NY-NJ-PA 1 26 3,208,651 91.1 % 95.3 % 69,268 23.00 7.1 % 5.0 % 7.0 %
3 Chicago-Naperville-Elgin, IL-IN-WI 3 16 4,219,464 82.8 % 87.3 % 56,098 15.59 4.4 % 6.6 % 5.6 %
4 Houston-The Woodlands-Sugar Land, TX 5 30 4,006,697 89.9 % 94.3 % 55,861 15.21 8.3 % 6.3 % 5.6 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,713,612 85.7 % 95.0 % 50,200 20.54 3.5 % 4.2 % 5.0 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,890,596 94.7 % 98.7 % 43,989 25.62 3.0 % 3.0 % 4.5 %
7 Atlanta-Sandy Springs-Alpharetta, GA 7 23 3,306,019 93.2 % 95.4 % 43,662 14.37 6.3 % 5.2 % 4.5 %
8 Tampa-St. Petersburg-Clearwater, FL 17 11 1,796,844 87.5 % 97.7 % 30,404 17.94 3.0 % 2.8 % 3.1 %
9 Cincinnati, OH-KY-IN 30 7 1,860,090 96.3 % 97.5 % 26,135 18.34 1.8 % 2.9 % 2.7 %
10 Naples-Marco Island, FL 138 5 1,068,109 90.5 % 99.5 % 21,468 20.53 1.3 % 1.7 % 2.2 %
10 Largest CBSAs by ABR — 164 28,073,895 89.4 % 94.6 % 470,064 18.85 44.7 % 44.0 % 47.6 %
11 Orlando-Kissimmee-Sanford, FL 22 5 803,287 90.0 % 97.7 % 19,189 24.63 1.3 % 1.3 % 2.0 %
12 Miami-Fort Lauderdale-Pompano Beach, FL 9 8 1,145,130 89.9 % 95.9 % 19,149 17.79 2.1 % 1.8 % 2.0 %
13 Denver-Aurora-Lakewood, CO 19 6 1,313,457 91.7 % 96.1 % 18,821 16.03 1.6 % 2.1 % 1.9 %
14 Detroit-Warren-Dearborn, MI 14 7 1,355,981 87.8 % 95.2 % 16,682 14.09 1.9 % 2.1 % 1.7 %
15 San Diego-Chula Vista-Carlsbad, CA 18 3 655,343 95.9 % 96.6 % 16,543 26.68 0.8 % 1.0 % 1.7 %
16 Charlotte-Concord-Gastonia, NC-SC 23 4 1,301,277 96.5 % 97.2 % 15,214 13.48 1.1 % 2.0 % 1.6 %
17 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,726 83.9 % 92.3 % 14,956 16.51 2.2 % 1.7 % 1.5 %
18 Ann Arbor, MI 149 3 814,826 92.1 % 97.3 % 13,387 17.01 0.8 % 1.3 % 1.4 %
19 San Francisco-Oakland-Berkeley, CA 13 2 506,520 94.0 % 96.8 % 12,203 30.54 0.6 % 0.8 % 1.2 %
20 North Port-Sarasota-Bradenton, FL 66 5 737,243 97.6 % 99.3 % 11,347 15.64 1.4 % 1.2 % 1.2 %
20 Largest CBSAs by ABR — 215 37,793,685 89.9 % 95.0 % 627,555 18.61 58.5 % 59.3 % 63.8 %
21 Vallejo, CA 123 1 519,266 90.9 % 91.2 % 11,088 23.62 0.3 % 0.8 % 1.1 %
22 Binghamton, NY 200 4 751,541 91.9 % 96.8 % 10,976 15.09 1.1 % 1.2 % 1.1 %
23 Port St. Lucie, FL 112 5 692,612 90.4 % 94.5 % 10,902 16.82 1.4 % 1.1 % 1.1 %
24 Boston-Cambridge-Newton, MA-NH 11 6 722,376 95.7 % 96.9 % 10,648 15.22 1.7 % 1.1 % 1.1 %
25 Nashville-Davidson--Murfreesboro--Franklin, TN 34 4 797,885 92.2 % 96.8 % 10,519 13.68 1.1 % 1.2 % 1.1 %
26 Allentown-Bethlehem-Easton, PA-NJ 70 3 824,148 94.7 % 97.6 % 10,485 14.22 0.8 % 1.3 % 1.1 %
27 Riverside-San Bernardino-Ontario, CA 12 4 501,668 91.8 % 97.8 % 10,278 24.05 1.1 % 0.8 % 1.1 %
Supplemental Disclosure - Three Months Ended March 31, 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
28 Memphis, TN-MS-AR 45 1 649,252 95.7 % 95.7 % 9,839 16.67 0.3 % 1.0 % 1.0 %
29 Cleveland-Elyria, OH 35 3 803,543 88.9 % 91.6 % 9,643 13.19 0.8 % 1.3 % 1.0 %
30 Jacksonville, FL 39 3 695,151 96.0 % 96.6 % 8,375 13.02 0.8 % 1.1 % 0.9 %
31 Indianapolis-Carmel-Anderson, IN 33 2 715,057 94.2 % 95.1 % 8,301 12.39 0.6 % 1.1 % 0.8 %
32 Louisville/Jefferson County, KY-IN 46 4 699,917 91.0 % 97.6 % 8,040 12.09 1.1 % 1.1 % 0.8 %
33 Hartford-East Hartford-Middletown, CT 49 3 570,969 88.4 % 90.1 % 7,495 15.06 0.8 % 0.9 % 0.8 %
34 Worcester, MA-CT 58 3 513,394 88.6 % 97.9 % 6,952 16.48 0.8 % 0.8 % 0.7 %
35 Scranton--Wilkes-Barre, PA 103 2 618,795 99.5 % 99.5 % 6,535 24.09 0.6 % 1.0 % 0.7 %
36 Milwaukee-Waukesha, WI 41 3 520,125 93.1 % 98.5 % 6,494 12.67 0.8 % 0.8 % 0.7 %
37 Wilmington, NC 168 2 379,107 98.0 % 100.0 % 6,263 16.69 0.6 % 0.6 % 0.6 %
38 New Haven-Milford, CT 71 4 488,490 88.1 % 92.6 % 6,041 13.36 1.1 % 0.8 % 0.6 %
39 Greensboro-High Point, NC 80 1 407,244 90.7 % 100.0 % 6,019 14.78 0.3 % 0.6 % 0.6 %
40 College Station-Bryan, TX 180 3 433,728 94.6 % 94.6 % 5,874 17.26 0.8 % 0.7 % 0.6 %
41 Oxnard-Thousand Oaks-Ventura, CA 74 2 319,844 84.5 % 96.6 % 5,832 19.56 0.6 % 0.5 % 0.6 %
42 Poughkeepsie-Newburgh-Middletown, NY 87 3 399,379 96.9 % 98.7 % 5,612 14.47 0.8 % 0.6 % 0.6 %
43 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 2 412,533 92.2 % 92.2 % 5,460 14.80 0.6 % 0.6 % 0.6 %
44 Spartanburg, SC 153 1 381,927 94.0 % 97.8 % 5,218 14.47 0.3 % 0.6 % 0.5 %
45 Cape Coral-Fort Myers, FL 75 1 281,822 73.9 % 98.9 % 4,824 17.75 0.3 % 0.4 % 0.5 %
46 Manchester-Nashua, NH 132 2 234,121 79.6 % 96.7 % 4,629 22.02 0.6 % 0.4 % 0.5 %
47 Boulder, CO 161 1 275,919 84.9 % 96.1 % 4,587 17.30 0.3 % 0.4 % 0.5 %
48 Raleigh-Cary, NC 42 2 286,697 98.0 % 98.8 % 4,507 16.04 0.6 % 0.4 % 0.5 %
49 Panama City, FL 236 2 403,492 97.5 % 99.0 % 4,457 11.32 0.6 % 0.6 % 0.5 %
50 Kansas City, MO-KS 31 3 448,226 94.5 % 96.3 % 4,418 10.24 0.8 % 0.7 % 0.5 %
50 Largest CBSAs by ABR — 295 53,541,913 90.6 % 95.4 % 847,866 17.65 80.9 % 83.8 % 86.6 %
51 Norwich-New London, CT 186 1 243,511 91.7 % 93.4 % 4,403 19.80 0.3 % 0.4 % 0.5 %
52 Dayton-Kettering, OH 77 1 333,998 87.3 % 89.4 % 4,337 14.90 0.3 % 0.5 % 0.4 %
53 Greenville-Anderson, SC 60 2 220,723 99.4 % 99.4 % 4,256 19.86 0.6 % 0.3 % 0.4 %
54 Mobile, AL 130 1 410,401 82.8 % 82.9 % 4,155 12.53 0.3 % 0.6 % 0.4 %
55 Charleston-North Charleston, SC 73 2 498,871 76.6 % 76.9 % 3,874 10.26 0.6 % 0.8 % 0.4 %
56 Winston-Salem, NC 90 2 351,938 83.4 % 88.0 % 3,814 12.84 0.6 % 0.6 % 0.4 %
57 Bakersfield, CA 63 1 240,068 95.3 % 95.3 % 3,743 16.67 0.3 % 0.4 % 0.4 %
58 Atlantic City-Hammonton, NJ 182 1 179,183 100.0 % 100.0 % 3,731 20.82 0.3 % 0.3 % 0.4 %
59 Springfield, MA 91 2 322,173 88.8 % 96.1 % 3,475 15.22 0.6 % 0.5 % 0.4 %
60 Hilton Head Island-Bluffton, SC 202 2 231,952 79.1 % 79.1 % 3,412 18.60 0.6 % 0.4 % 0.3 %
61 Greenville, NC 257 1 233,153 90.0 % 90.6 % 3,338 15.81 0.3 % 0.4 % 0.3 %
62 Virginia Beach-Norfolk-Newport News, VA-NC 38 1 150,014 99.8 % 99.8 % 3,336 22.51 0.3 % 0.2 % 0.3 %
63 Fresno, CA 56 1 215,166 97.3 % 97.3 % 3,266 15.59 0.3 % 0.3 % 0.3 %
64 Savannah, GA 133 2 221,381 96.5 % 98.0 % 3,024 14.39 0.6 % 0.3 % 0.3 %
65 Pittsfield, MA 331 1 188,444 99.1 % 99.1 % 2,986 15.99 0.3 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended March 31, 2024 Page 33
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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 Sacramento-Roseville-Folsom, CA 27 1 79,413 16.4 % 100.0 % 2,886 36.34 0.3 % 0.1 % 0.3 %
67 Roanoke, VA 164 2 311,149 97.8 % 99.2 % 2,861 11.46 0.6 % 0.5 % 0.3 %
68 Columbus, OH 32 2 276,504 87.0 % 91.6 % 2,791 11.38 0.6 % 0.4 % 0.3 %
69 Elkhart-Goshen, IN 226 1 214,067 98.0 % 98.0 % 2,769 13.20 0.3 % 0.3 % 0.3 %
70 Concord, NH 286 1 196,542 100.0 % 100.0 % 2,728 14.64 0.3 % 0.3 % 0.3 %
71 Duluth, MN-WI 174 1 183,105 95.1 % 100.0 % 2,688 14.68 0.3 % 0.3 % 0.3 %
72 Bridgeport-Stamford-Norwalk, CT 61 1 161,075 95.5 % 95.5 % 2,613 17.00 0.3 % 0.3 % 0.3 %
73 Santa Maria-Santa Barbara, CA 124 1 166,696 100.0 % 100.0 % 2,452 14.71 0.3 % 0.3 % 0.3 %
74 Richmond, VA 44 1 141,569 96.6 % 96.6 % 2,325 17.00 0.3 % 0.2 % 0.2 %
75 Rutland, VT 539 1 223,314 88.5 % 98.6 % 2,252 10.23 0.3 % 0.3 % 0.2 %
76 Flint, MI 137 1 164,632 100.0 % 100.0 % 2,234 13.66 0.3 % 0.3 % 0.2 %
77 Manhattan, KS 323 1 214,898 95.9 % 99.2 % 2,222 16.76 0.3 % 0.3 % 0.2 %
78 Tucson, AZ 54 1 165,350 79.3 % 100.0 % 2,209 13.36 0.3 % 0.3 % 0.2 %
79 Austin-Round Rock-Georgetown, TX 26 1 170,605 95.4 % 96.1 % 2,187 13.33 0.3 % 0.3 % 0.2 %
80 Greeneville, TN 483 1 224,139 99.3 % 100.0 % 2,178 9.92 0.3 % 0.4 % 0.2 %
81 Columbus, IN 440 1 143,740 83.8 % 100.0 % 2,124 14.78 0.3 % 0.2 % 0.2 %
82 Trenton-Princeton, NJ 146 1 149,993 97.3 % 97.3 % 2,114 14.48 0.3 % 0.2 % 0.2 %
83 Portland-South Portland, ME 104 1 287,533 97.9 % 100.0 % 2,108 17.70 0.3 % 0.5 % 0.2 %
84 Crestview-Fort Walton Beach-Destin, FL 170 1 158,118 99.1 % 99.1 % 2,005 12.79 0.3 % 0.2 % 0.2 %
85 St. Louis, MO-IL 21 2 208,998 84.4 % 84.4 % 1,980 11.43 0.6 % 0.3 % 0.2 %
86 Ithaca, NY 380 1 204,405 92.5 % 92.5 % 1,964 10.38 0.3 % 0.3 % 0.2 %
87 Palm Bay-Melbourne-Titusville, FL 96 1 131,243 93.1 % 96.8 % 1,902 14.97 0.3 % 0.2 % 0.2 %
88 Deltona-Daytona Beach-Ormond Beach, FL 86 1 184,379 98.7 % 100.0 % 1,883 10.21 0.3 % 0.3 % 0.2 %
89 California-Lexington Park, MD 360 1 92,335 100.0 % 100.0 % 1,847 20.00 0.3 % 0.1 % 0.2 %
90 Ocean City, NJ 409 1 136,351 98.2 % 98.2 % 1,800 13.44 0.3 % 0.2 % 0.2 %
91 Toledo, OH 95 1 298,765 79.0 % 82.2 % 1,771 12.70 0.3 % 0.5 % 0.2 %
92 Georgetown, SC 510 1 120,095 86.4 % 96.4 % 1,718 14.84 0.3 % 0.2 % 0.2 %
93 Lansing-East Lansing, MI 108 1 160,946 66.5 % 100.0 % 1,706 10.60 0.3 % 0.3 % 0.2 %
94 London, KY 295 1 166,026 100.0 % 100.0 % 1,620 9.76 0.3 % 0.3 % 0.2 %
95 Durham-Chapel Hill, NC 92 1 97,226 97.8 % 97.8 % 1,583 16.64 0.3 % 0.2 % 0.2 %
96 Muskegon, MI 256 1 104,600 96.2 % 96.2 % 1,546 15.37 0.3 % 0.2 % 0.2 %
97 Lafayette-West Lafayette, IN 208 1 132,027 100.0 % 100.0 % 1,469 11.13 0.3 % 0.2 % 0.2 %
98 Modesto, CA 106 1 86,689 100.0 % 100.0 % 1,229 14.59 0.3 % 0.1 % 0.1 %
99 Knoxville, TN 64 1 119,360 100.0 % 100.0 % 1,012 8.48 0.3 % 0.2 % 0.1 %
100 Corpus Christi, TX 135 1 84,667 72.0 % 72.0 % 909 14.91 0.3 % 0.1 % 0.1 %
100 Largest CBSAs by ABR — 354 63,543,443 90.7 % 95.2 % 974,701 17.14 98.6 % 99.5 % 99.6 %
Other CBSAs — 5 327,081 82.2 % 85.1 % 3,477 12.71 1.4 % 0.5 % 0.4 %
TOTAL — 359 63,870,524 90.6 % 95.1 % $ 978,178 $ 17.12 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended March 31, 2024 Page 34
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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 48 8,097,430 91.0 % 97.6 % $ 135,905 $ 17.54 13.4 % 12.7 % 13.9 %
2 Texas 48 7,409,309 88.6 % 94.4 % 115,031 17.22 13.4 % 11.6 % 11.8 %
3 California 28 5,181,269 92.7 % 97.2 % 113,509 24.17 7.8 % 8.0 % 11.5 %
4 Pennsylvania 24 4,329,497 89.5 % 95.5 % 69,761 20.72 6.7 % 6.8 % 7.1 %
5 New York 26 3,398,193 92.3 % 96.4 % 69,116 21.43 7.2 % 5.3 % 7.1 %
6 Illinois 16 4,219,464 82.8 % 87.3 % 56,098 15.59 4.5 % 6.6 % 5.7 %
7 New Jersey 16 2,821,855 94.1 % 96.0 % 47,726 18.68 4.5 % 4.4 % 4.9 %
8 Georgia 26 3,606,322 93.6 % 95.7 % 47,587 14.32 7.2 % 5.6 % 4.9 %
9 North Carolina 13 3,056,642 94.1 % 96.5 % 40,738 14.57 3.6 % 4.8 % 4.2 %
10 Michigan 14 2,700,514 88.9 % 96.3 % 36,367 14.62 3.9 % 4.2 % 3.7 %
11 Ohio 13 2,893,261 90.1 % 92.6 % 35,815 15.55 3.6 % 4.5 % 3.7 %
12 Tennessee 7 1,790,636 94.9 % 97.0 % 23,548 13.87 1.9 % 2.8 % 2.4 %
13 Colorado 7 1,589,376 90.5 % 96.1 % 23,408 16.27 1.9 % 2.5 % 2.4 %
14 Massachusetts 10 1,504,999 92.2 % 97.5 % 21,582 16.54 2.8 % 2.4 % 2.2 %
15 Connecticut 9 1,464,045 89.6 % 92.0 % 20,552 15.50 2.5 % 2.3 % 2.1 %
16 Kentucky 6 1,545,582 95.0 % 98.2 % 18,522 13.62 1.7 % 2.4 % 1.9 %
17 South Carolina 8 1,453,568 85.9 % 87.8 % 18,478 14.76 2.2 % 2.3 % 1.9 %
18 Minnesota 9 1,269,831 85.5 % 93.4 % 17,644 16.21 2.5 % 2.0 % 1.8 %
19 Indiana 5 1,204,891 94.3 % 96.7 % 14,663 12.69 1.4 % 1.9 % 1.5 %
20 New Hampshire 5 672,051 91.4 % 97.4 % 9,836 15.66 1.4 % 1.1 % 1.0 %
21 Virginia 5 735,614 94.6 % 95.2 % 9,555 14.93 1.4 % 1.2 % 1.0 %
22 Wisconsin 3 520,125 93.1 % 98.5 % 6,494 12.67 0.8 % 0.8 % 0.7 %
23 Maryland 2 371,986 98.8 % 98.8 % 6,274 17.62 0.6 % 0.6 % 0.6 %
24 Missouri 4 495,523 91.5 % 93.2 % 4,841 10.56 1.0 % 0.8 % 0.5 %
25 Alabama 1 410,401 82.8 % 82.9 % 4,155 12.53 0.3 % 0.6 % 0.4 %
26 Kansas 2 376,599 93.6 % 95.4 % 3,779 13.55 0.6 % 0.6 % 0.4 %
27 Vermont 1 223,314 88.5 % 98.6 % 2,252 10.23 0.3 % 0.3 % 0.2 %
28 Arizona 1 165,350 79.3 % 100.0 % 2,209 13.36 0.3 % 0.3 % 0.2 %
29 Maine 1 287,533 97.9 % 100.0 % 2,108 17.70 0.3 % 0.5 % 0.2 %
30 West Virginia 1 75,344 44.8 % 54.1 % 625 15.33 0.3 % 0.1 % 0.1 %
TOTAL 359 63,870,524 90.6 % 95.1 % $ 978,178 $ 17.12 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended March 31, 2024 Page 35
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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
1 Springdale Mobile AL Mobile, AL 2004 410,401 82.9 % $ 4,155 $ 12.53 Sam's Club* bealls, Burlington Stores, Conn's Home Plus, Crunch Fitness, David's Bridal, Five Below, Fresenius Medical Care, Marshalls, Piccadilly, Shoe Station, Ulta, World Market —
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 100.0 % 2,209 13.36 Sam's Club* Ace Pickleball Club, Big 5 Sporting Goods, CareMore, Defy-Tucson, Dollar Tree —
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 95.3 % 3,743 16.67 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 181,819 100.0 % 5,066 28.25 Ralphs (Kroger) HomeGoods, Rite Aid, World Market —
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.1 % 3,277 28.38 TBA, Trader Joe's* CVS, Harbor Freight Tools —
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,586 23.90 Stater Bros. — —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 100.0 % 2,998 24.33 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection (4) Davis CA Sacramento-Roseville-Folsom, CA 2024 79,413 100.0 % 2,886 36.34 Trader Joe's Nordstrom Rack, PetSmart, Ulta —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 98.8 % 1,743 17.90 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 83.3 % 3,092 29.78 Major Market, Trader Joe's — —
11 Arbor - Broadway Faire (3) Fresno CA Fresno, CA 1995 215,166 97.3 % 3,266 15.59 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 % 2,452 14.71 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 86,689 100.0 % 1,229 14.59 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 % 6,383 23.18 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 98.4 % 2,361 19.90 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 205,273 100.0 % 2,769 13.66 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 93.2 % 2,644 34.24 — Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 328,947 98.7 % 9,559 29.65 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center (4) Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2024 258,685 96.3 % 6,510 26.14 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 100.0 % 5,736 33.75 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 % 1,419 29.14 Stater Bros. — —
22 Village at Mira Mesa San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 432,079 100.0 % 11,708 27.96 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 % 3,934 24.98 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J.Maxx Burlington, Big 5
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 3,892 35.65 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 % 4,054 27.26 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 % 2,555 13.99 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, Big Lots, CVS, Dollar Tree, Regency Theaters —
27 Vail Ranch Center (4) Temecula CA Riverside-San Bernardino-Ontario, CA 2024 201,682 98.6 % 4,051 27.31 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 % 1,228 23.08 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 94.9 % 2,280 24.24 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (3) Vallejo CA Vallejo, CA 2023 519,266 91.2 % 11,088 23.62 Costco* Boot Barn, Century Theatres, City Sports Club, DSW, Mancini's Sleepworld, Marshalls, Michaels, OfficeMax, Pep Boys, Petco, PetSmart, Ross Dress for Less, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 832 8.74 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,299 95.1 % 7,729 17.24 King Soopers (Kroger) 2nd & Charles, Ace Hardware, AMC, Big Lots, Boot Barn, Burlington Stores, Goldfish Swim School, Kohl's, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,013 100.0 % 2,191 12.74 King Soopers (Kroger) Chuze Fitness, iGen —
Supplemental Disclosure - Three Months Ended March 31, 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
34 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 121,101 97.6 % 2,076 17.56 — Chuze Fitness —
35 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,830 100.0 % 1,392 38.12 King Soopers (Kroger) — —
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 96.1 % 4,587 17.30 Whole Foods Market (Amazon), Costco*, SuperTarget* Barnes & Noble, Chuck E. Cheese's, Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
37 Westminster City Center (4) Westminster CO Denver-Aurora-Lakewood, CO 2024 328,978 92.3 % 4,601 15.15 — 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-East Hartford-Middletown, CT 1974 108,167 94.1 % 2,983 29.31 Whole Foods Market (Amazon) Petco —
39 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 100.0 % 1,141 15.77 PriceRite (Wakefern) — The Home Depot
40 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 312,908 85.3 % 2,807 11.22 Walmart Supercenter* Advance Auto Parts, Crazy Hot Deals, DSW, Edge Fitness, Hobby Lobby, Namco, Savers, U.S Furniture Best Buy, The Home Depot, Walmart
41 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 97.1 % 1,705 11.71 Price Chopper (Northeast Grocery) — —
42 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,365 97.7 % 1,822 18.04 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
43 Colonial Commons - Orange Orange CT New Haven-Milford, CT 1996 133,786 97.0 % 874 6.73 — — —
44 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 95.5 % 2,613 17.00 — Esporta Fitness, Five Below, Marshalls —
45 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,986 83.3 % 2,204 14.79 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
46 Waterford Commons Waterford CT Norwich-New London, CT 2004 243,511 93.4 % 4,403 19.80 — 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 % 4,824 17.75 Publix bealls, Burlington Stores, Crunch Fitness, Kohl's, Naples Community Hospital, NewSouth Window Solutions —
48 Coastal Way - Coastal Landing (3) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 100.0 % 6,305 18.79 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 300,929 100.0 % 7,976 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-Pompano Beach, FL 2005 264,921 93.2 % 3,955 16.01 Publix Big Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness —
51 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 90.7 % 2,092 25.50 — Broward County Library, CVS —
52 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 100.0 % 1,883 10.21 Publix Big Lots, Planet Fitness, Tractor Supply Co. —
53 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 99.1 % 2,005 12.79 Publix, ALDI* bealls, Books-A-Million, Office Depot, T.J.Maxx —
54 Normandy Square Jacksonville FL Jacksonville, FL 1996 90,384 99.4 % 932 10.68 Winn-Dixie (ALDI) Ace Hardware, Family Dollar —
55 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,567 95.6 % 3,082 10.48 — American Freight, bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse —
56 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,031 20.68 — Esporta Fitness, La Familia Pawn & Jewelry —
57 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 100.0 % 2,851 21.35 Walmart Neighborhood Market Walgreens —
58 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 184,416 94.4 % 2,037 11.70 Publix City Mattress, Dollar Tree, Staples —
59 Marco Town Center Marco Island FL Naples-Marco Island, FL 2023 109,545 100.0 % 3,126 28.54 Publix — —
60 Shops at Palm Lakes Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2023 231,536 100.0 % 5,278 24.91 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 % 2,787 14.50 Publix Burlington Stores, HomeGoods, Pet Supplies Plus, Planet Fitness —
62 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 98.6 % 5,883 19.47 Trader Joe's Chuck E. Cheese's, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
63 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,211 21.23 Publix Marshalls, Office Depot, PGA TOUR Superstore, West Marine —
64 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 100.0 % 5,461 22.42 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 95.1 % 1,070 13.87 Publix — —
66 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 100.0 % 1,139 12.88 Sedano's Family Dollar —
67 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,645 18.75 — Burlington Stores, LA Fitness Target
68 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 100.0 % 1,244 16.30 Publix — — Supplemental Disclosure - Three Months Ended March 31, 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
69 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,405 19.33 Seabra Foods Office Depot —
70 Pointe Orlando (4) Orlando FL Orlando-Kissimmee-Sanford, FL 2024 413,123 95.5 % 11,864 30.35 — 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 —
71 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 860 13.32 Publix — —
72 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 167,145 91.0 % 3,428 23.52 — Goodwill, Walgreens —
73 23rd Street Station Panama City FL Panama City, FL 1995 98,827 96.1 % 1,470 15.49 Publix — —
74 Panama City Square Panama City FL Panama City, FL 1989 304,665 100.0 % 2,987 10.00 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx —
75 East Port Plaza (4) Port St. Lucie FL Port St. Lucie, FL 2024 214,489 96.1 % 3,144 15.25 Publix Fortis Institute, Goodwill, Urban Air Adventure Park, Walgreens —
76 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 94.3 % 1,300 14.49 Winn-Dixie (ALDI) — —
77 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 776 13.61 Winn-Dixie (ALDI) — —
78 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 95.6 % 884 23.48 SuperTarget* — —
79 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 100.0 % 2,940 20.41 Publix Archwell Health, Harbor Freight Tools —
80 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,359 13.97 Publix Big Lots, Crunch Fitness, HomeGoods —
81 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 96.8 % 1,902 14.97 Publix Home Centric, Planet Fitness —
82 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,154 13.74 Sprouts Farmers Market bealls, Burlington Stores, T.J.Maxx —
83 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 96.9 % 4,361 16.64 Publix Bealls Florida, Burlington Stores, Michaels, Party City, Petco —
84 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 92.2 % 2,373 18.96 Publix CVS, Dollar Tree —
85 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,449 9.80 Winn-Dixie (ALDI) bealls, Big Lots —
86 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 195,214 89.4 % 2,433 13.94 Winn-Dixie (ALDI) Big Lots, Chuck E. Cheese's, Crunch Fitness —
87 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 93.8 % 2,170 15.29 Publix Revive Health & Wellness —
88 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-Pompano Beach, FL 1989 110,109 92.4 % 913 8.97 Patel Brothers Dollar Tree Walmart
89 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 97.5 % 1,807 19.99 Publix — —
90 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 98.6 % 1,452 17.39 — Dollar Tree, Ross Dress for Less —
91 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,609 17.89 Publix Petco, T.J.Maxx, Ulta —
92 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 98.8 % 1,080 8.26 Winn-Dixie (ALDI) T.J.Maxx —
93 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 97.8 % 1,025 9.54 Publix American Freight —
94 Venice Village Venice FL North Port-Sarasota-Bradenton, FL 2022 177,835 99.4 % 3,943 22.61 Publix JOANN, Planet Fitness —
95 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 291,622 94.8 % 4,276 21.34 — 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
96 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 422,609 93.0 % 5,018 13.05 City Farmers Market dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma, P.C.X. —
97 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 100.0 % 596 9.00 Food Depot Dollar Tree —
98 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 100.0 % 1,327 16.79 Publix — —
99 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 100.0 % 847 12.59 Publix — —
100 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 97.4 % 1,395 15.09 Kroger — —
101 Northside Dalton GA Dalton, GA 2001 78,922 100.0 % 901 12.19 — America's Thirft Stores, Dollar Tree —
102 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 100.0 % 977 12.56 Publix — —
103 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 93.8 % 852 19.54 Kroger* — —
104 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,776 11.45 Costco* American Freight, Ollie's Bargain Outlet, Studio Movie Grill Big Lots Supplemental Disclosure - Three Months Ended March 31, 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
105 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 78.4 % 1,356 11.55 Food Depot Staples —
106 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 220,912 100.0 % 3,237 15.19 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
107 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 97.2 % 1,415 15.01 Publix — —
108 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 96.2 % 1,679 16.48 Publix — —
109 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 2023 221,861 96.0 % 2,360 11.08 — Burlington Stores, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
110 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 56,840 100.0 % 1,072 19.50 — Crunch Fitness —
111 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 100.0 % 1,496 13.23 Kroger — —
112 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 144,351 94.4 % 2,190 16.07 Kroger — —
113 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 695 9.96 Food Depot — —
114 ConneXion Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2016 107,355 94.8 % 2,018 19.82 — Planet Fitness —
115 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 92.7 % 1,107 12.79 — PGA TOUR Superstore —
116 Kings Market Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2005 275,294 94.3 % 3,007 11.59 Publix Ace Pickleball Club, Frontgate, Sky Zone —
117 Victory Square Savannah GA Savannah, GA 2007 119,919 98.7 % 1,878 16.83 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
118 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 184,185 98.7 % 3,324 18.29 Kroger DaVita Dialysis —
119 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 135,865 94.2 % 1,642 12.83 — Conn's Home Plus, Harbor Freight Tools, NCG Cinemas —
120 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.1 % 1,146 11.63 Kroger — —
121 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 98.3 % 4,029 20.53 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese's, Dollar Tree, Kirkland's, Party City, Petco, Ulta —
122 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 89.7 % 2,194 16.13 — Harbor Freight Tools, XSport Fitness Kohl's
123 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 100.0 % 2,532 12.89 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
124 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 325,023 99.0 % 4,917 16.42 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, The Home Depot, XSport Fitness —
125 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 94.7 % 6,327 13.07 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 —
126 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 76.4 % 2,264 10.86 Jewel-Osco (Albertsons) Burlington Stores, Harbor Freight Tools Hobby Lobby
127 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN-WI 2005 347,503 100.0 % 4,984 14.34 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
128 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 92.4 % 2,285 14.42 — Bear Paddle Swim School, Painted Tree Marketplace —
129 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 76.9 % 1,343 16.36 Sunset Foods — —
130 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,553 69.4 % 2,410 14.43 — Altitude Trampoline Park, JOANN, LA Fitness —
131 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 93.8 % 1,769 16.81 Jewel-Osco (Albertsons) Planet Fitness —
132 Westridge Court (3) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 699,491 63.7 % 9,236 22.14 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, Walter E. Smithe Furniture & Design, World Market —
133 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN-WI 2007 387,873 96.6 % 4,527 12.09 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco —
134 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN-WI 1990 101,800 89.2 % 1,802 19.85 Whole Foods Market (Amazon) Skechers —
135 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 120,292 91.1 % 1,756 16.02 — Buffalo Wild Wings, Esporta Fitness, Harbor Freight Tools, Petco —
136 Tinley Park Plaza (4) Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2024 237,973 94.8 % 3,723 16.51 Amazon Fresh Burlington Stores, Dollar Tree, Planet Fitness, Ross Dress for Less, The Tile Shop —
137 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,431 94.4 % 1,380 11.21 — Ollie's Bargain Outlet —
138 Columbus Center Columbus IN Columbus, IN 1964 143,740 100.0 % 2,124 14.78 — Burlington Stores, Five Below, HomeGoods, T.J.Maxx Target
139 Market Centre Goshen IN Elkhart-Goshen, IN 1994 214,067 98.0 % 2,769 13.20 Walmart Supercenter* Burlington Stores, Dollar Tree, JOANN, Ross Dress for Less, Staples — Supplemental Disclosure - Three Months Ended March 31, 2024 Page 39
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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
140 Speedway Super Center Speedway IN Indianapolis-Carmel-Anderson, IN 2022 584,626 95.2 % 6,921 12.65 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 —
141 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,469 11.13 Pay Less (Kroger) — —
142 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 90.5 % 1,557 10.64 Hy-Vee — —
143 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.2 % 2,222 16.76 Dillons (Kroger) JOANN, Marshalls —
144 Florence Plaza - Florence Square (3) Florence KY Cincinnati, OH-KY-IN 2014 679,639 98.3 % 8,862 16.76 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Burlington Stores, Boot Barn, Chuck E. Cheese's, 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 —
145 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,388 100.0 % 2,147 10.83 — Ace Pickleball Club, CVS, Dollar Tree —
146 London Marketplace London KY London, KY 1994 166,026 100.0 % 1,620 9.76 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
147 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 99.1 % 2,145 12.38 Kroger Petco —
148 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,747 93.5 % 1,750 12.51 Kroger Anytime Fitness —
149 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 96.8 % 1,998 12.99 Kroger Marketplace — —
150 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 100.0 % 1,265 9.00 America's Food Basket Citi Trends, Crunch Fitness —
151 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 92.2 % 2,476 33.71 — Golf Galaxy, Staples Duluth Trading Co.
152 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 96.6 % 1,834 14.04 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot —
153 WaterTower Plaza (4) Leominster MA Worcester, MA-CT 2024 282,831 99.0 % 4,102 14.92 TBA Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Party City, Petco, Staples, T.J.Maxx, The Paper Store —
154 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 82.3 % 325 15.48 Hannaford Bros.* — Walmart
155 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 95.5 % 1,535 20.59 Stop And Compare Crunch Fitness —
156 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 98.4 % 2,893 16.09 Star Market (Albertsons) Marshalls, 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 126,178 95.5 % 1,641 16.79 ALDI Ocean State Job Lot, PetSmart, T.J.Maxx —
159 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 98.2 % 2,525 20.06 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
160 South Plaza Shopping Center California MD California-Lexington Park, MD 2005 92,335 100.0 % 1,847 20.00 — 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 98.4 % 4,427 16.78 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 % 2,108 17.70 — Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts —
163 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 96.4 % 7,336 19.12 Kroger DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Ulta —
164 Maple Village Ann Arbor MI Ann Arbor, MI 2020 288,528 98.6 % 5,077 17.85 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 93.9 % 1,003 12.51 Busch’s Fresh Food Market Ace Hardware —
166 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 85,168 98.1 % 996 11.92 — Ollie's Bargain Outlet, True Value —
167 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,234 13.66 VG's Food (SpartanNash) Dunham's Sports Five Below, Michaels, Old Navy, T.J.Maxx
168 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 91.2 % 812 8.94 D&W Fresh Market (SpartanNash) — —
169 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 100.0 % 1,706 10.60 — DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
170 Lakes Crossing Muskegon MI Muskegon, 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 304,401 93.1 % 3,489 12.31 Sun Valley Supermarket Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Harbor Freight Tools, Octapharma, Ross Dress for less —
172 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 465,309 96.9 % 7,032 20.46 TBA Barnes & Noble, DSW, Emagine Theatre, Kohl's, OfficeMax, Old Navy, Petco, T.J.Maxx, Ulta Target Supplemental Disclosure - Three Months Ended March 31, 2024 Page 40
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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
173 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,781 100.0 % 1,305 12.82 — 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 159,080 85.7 % 1,697 12.45 — Crunch Fitness, Party City, Petco, Ross Dress for Less Burlington Stores, Target
176 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 974 8.18 Save-A-Lot (Rabban Brothers) Big Lots, Dollar Tree, Planet Fitness —
177 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 99.0 % 2,447 19.88 SuperTarget* Best Buy, Dollar Tree, Walgreens —
178 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,343 15.16 Cub Foods (United Natural Foods Inc.) — —
179 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 100.0 % 2,688 14.68 — 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 % 2,045 24.31 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
181 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 90.9 % 2,401 12.37 Loma Bonita Market Dollar Tree, Marshalls, Michaels, Walgreens —
182 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,114 19.54 ALDI, Cub Foods* Dollar Tree —
183 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 98.1 % 1,997 17.16 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 % 2,476 14.62 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 % 1,133 15.51 Festival Foods (Knowlan's Super Markets) Dollar Tree —
186 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 78.7 % 1,503 14.33 ALDI Chuck E. Cheese's, Michaels, Party City, Petco —
187 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 99.2 % 1,561 9.73 Price Chopper (Associated Wholesale) Fowling Warehouse —
188 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 100.0 % 1,300 10.42 Price Chopper (Associated Wholesale) — —
189 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 477 6.98 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 94.2 % 4,636 17.25 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
192 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,197 9.04 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 180,017 98.1 % 2,801 15.86 LIDL Boot Barn, Conn's Home Plus, Harbor Freight Tools, PetSmart Target, The Home Depot
194 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 93.8 % 3,976 14.85 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 % 6,019 14.78 — 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 90.6 % 3,338 15.81 Harris Teeter (Kroger) Barnes & Noble, Petco, Shoe Carnival, T.J.Maxx Target
197 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 97.8 % 1,583 16.64 — Person County Health & Human Services —
198 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 100.0 % 4,405 12.61 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinsletown —
199 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 100.0 % 2,264 16.18 — Burlington Stores, Party City, PetSmart, Shoe Carnival, Sportsman's Warehouse Target
200 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 3,999 16.99 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J.Maxx —
201 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 86.3 % 2,900 12.69 Compare Foods Badcock Home Furniture, 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) Golf Galaxy, Mattress Firm —
203 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 102,873 92.6 % 2,035 22.65 — Boston Interiors, Planet Fitness —
204 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 100.0 % 2,728 14.64 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls —
205 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,594 21.55 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot Supplemental Disclosure - Three Months Ended March 31, 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
206 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 89,634 92.2 % 804 9.73 — 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 98.1 % 1,675 11.26 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
208 Laurel Square Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2023 245,984 95.7 % 2,289 9.72 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 98.0 % 5,044 25.24 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
210 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 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 % 3,563 15.94 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 97.3 % 2,114 14.48 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-PA 2002 127,230 96.2 % 1,673 13.66 Super Stop & Shop (Ahold Delhaize) — —
214 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 95.4 % 7,529 23.49 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J.Maxx —
215 Middletown Plaza (4) Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2024 201,679 92.3 % 3,715 19.97 Trader Joe's At Home, Party Fair, Petco, Retro Fitness —
216 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 94.5 % 1,354 31.47 ShopRite — —
217 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2022 254,548 97.2 % 4,630 18.72 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-PA 1994 159,561 78.5 % 2,652 21.18 — Blink Fitness (Equinox), Marshalls —
219 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,351 98.2 % 1,800 13.44 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
220 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,183 100.0 % 3,731 20.82 ShopRite (Village Supermarket) Staples —
221 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 100.0 % 707 19.53 ShopRite (Village Supermarket) — —
222 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 98.8 % 1,573 18.14 — Dollar Tree, Jersey Strong Uncle Giuseppe's
223 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 100.0 % 3,887 17.98 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta —
224 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 96.0 % 2,928 33.99 ALDI T.J.Maxx —
225 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,316 90.9 % 1,817 24.31 TBA, BJ's Wholesale Club* Five Below Kohl's, Walmart
226 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 91.3 % 2,109 29.82 Stop & Shop*, Wild by Nature Market* — Walgreens
227 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2022 217,893 100.0 % 4,383 20.12 — Burlington Stores, Crazy Hot Deals, Dollar Tree, Floor & Décor, Phenix Salon Suites —
228 Dalewood I, II & III Shopping Center Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 2024 196,148 93.6 % 6,392 35.59 H-Mart Barnes & Noble, T.J.Maxx, Ulta —
229 Unity Plaza Hopewell Junction NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,430 21.20 Acme (Albertsons) — —
230 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 92.5 % 1,964 10.38 ALDI Big Lots, JOANN, Planet Fitness, True Value, VA Community Based Outpatient —
231 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,669 23.11 Key Food Marketplace T.J.Maxx —
232 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 672 39.53 Trader Joe's — —
233 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 100.0 % 1,564 25.26 KolSave Market* Dollar Tree, Planet Fitness —
234 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,470 100.0 % 1,473 40.39 North Shore Farms CVS —
235 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 92.0 % 3,254 16.37 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers —
236 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 97.5 % 2,206 11.12 — Ashley Homestore, Big Lots, Citi Trends, David's Bridal, Hobby Lobby —
237 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 100.0 % 1,976 16.20 ShopRite (Wakefern) Crazy Hot Deals, U.S. Post Office —
238 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 251,589 98.1 % 5,682 24.79 A Matter of Health Barnes & Noble, Crazy Hot Deals, Jembro, Marshalls, Ulta —
239 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,743 100.0 % 1,587 39.93 — — — Supplemental Disclosure - Three Months Ended March 31, 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
240 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 94.2 % 3,252 26.57 — Dollar Tree, HomeGoods —
241 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,121 21.40 Fine Fare CVS, T.J.Maxx —
242 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 120,089 100.0 % 3,132 26.08 Costco* HomeSense, Marshalls, PetSmart, Ulta —
243 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,292 29.28 — HomeGoods —
244 College Plaza (4) Selden NY New York-Newark-Jersey City, NY-NJ-PA 2024 193,265 93.7 % 4,291 26.01 ShopRite (Wakefern) Burlington Stores, Five Below, Wren Kitchens Firestone
245 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 98.0 % 2,081 13.22 — Dollar Tree, Staples —
246 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
247 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,647 17.84 — HomeGoods, Michaels, Old Navy —
248 Town Square Mall (3) 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, Dollar Tree, DSW, Shoe Carnival, T.J.Maxx, Ulta —
249 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 95.8 % 2,946 34.75 H-Mart — —
250 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 151,048 93.7 % 2,431 17.81 Giant Eagle — The Home Depot
251 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 98.7 % 2,793 18.46 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
252 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 165,348 100.0 % 1,603 9.78 Kroger Pet Supplies Plus, Salvation Army —
253 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,551 99.5 % 4,227 16.76 Fresh Thyme Farmers Market (Meijer) Esporta Fitness, HomeGoods, Painted Tree Marketplace, T.J.Maxx —
254 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 242,883 87.2 % 4,758 23.41 — Dollar Tree, Michaels, Old Navy, PetSmart, T.J.Maxx, Ulta Target
255 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,332 37.90 Kroger — —
256 Crown Point Columbus OH Columbus, OH 1980 144,931 95.0 % 1,463 10.63 Kroger Dollar Tree, Planet Fitness —
257 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 87.9 % 1,328 12.34 Kroger — —
258 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 89.4 % 4,337 14.90 Health Foods Unlimited Burlington Stores, JOANN, Party City, PetSmart, Value City Furniture —
259 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 90.1 % 5,986 11.41 Giant Eagle, Marc's, BJ's Wholesale Club* Dollar Tree, Five Below, JOANN, Marshalls, OfficeMax, Party City, Petco, Treasure Hunt, UFC Gym —
260 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 100.0 % 1,226 17.51 — Ollie's Bargain Outlet, Sears Outlet —
261 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,140 100.0 % 2,560 28.18 Kroger Advance Auto Parts, Rainbow Shops —
262 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 298,765 82.2 % 1,771 12.70 Kroger Big Lots, Crunch Fitness, Dollar General, Harbor Freight Tools —
263 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 97.5 % 2,753 20.10 Giant Food (Ahold Delhaize) CVS —
264 Park Hills Plaza Altoona PA Altoona, PA 1985 9,894 100.0 % 366 36.99 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
265 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 96.6 % 4,201 14.03 Giant Food (Ahold Delhaize) Big Lots, Citi Trends, Marshalls, PetSmart, Powerhouse Gym, Staples —
266 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 94.3 % 3,008 12.55 — Ollie's Bargain Outlet, Planet Fitness —
267 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 59.5 % 317 11.57 — — —
268 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 95.1 % 2,724 20.61 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
269 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 88.5 % 1,799 20.12 Kimberton Whole Foods — —
270 Plymouth Square Shopping Center (4) Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 234,874 89.5 % 4,855 23.08 Weis Markets Planet Fitness, REI, Wren Kitchens —
271 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,230 29.19 Giant Food (Ahold Delhaize) — —
272 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 100.0 % 681 15.10 Hung Vuong Food Market* — —
273 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 —
274 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 238,793 79.5 % 4,034 21.24 Whole Foods Market (Amazon) Barnes & Noble, Kohl's — Supplemental Disclosure - Three Months Ended March 31, 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
275 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 96.9 % 1,483 20.34 — Ross Dress for Less —
276 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 92.2 % 1,056 21.03 Weis Markets* DaVita Dialysis —
277 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 226,909 96.7 % 8,074 38.25 McCaffrey's Ulta —
278 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 97.9 % 3,030 29.10 — Target —
279 Roosevelt Mall (4) Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 588,789 98.0 % 10,412 39.85 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less —
280 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 97.8 % 1,653 9.57 Redner's Warehouse Market Big Lots, Ross Dress for Less —
281 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 95.1 % 1,717 11.67 ALDI Big Lots, Dollar Tree, Five Below, Planet Fitness —
282 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 473 11.34 Fresh Grocer* — —
283 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 4,056 18.56 ShopRite (Wakefern) Famous Footwear, Harbor Freight Tools, Old Navy, Party City, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
284 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 91.6 % 773 13.31 Giant Food (Ahold Delhaize) — —
285 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 309,908 98.9 % 3,531 11.74 Redner's Warehouse Market Decor Home Furniture, Dollar Tree, Gabe's, PetSmart, Ross Dress for Less, Staples —
286 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,705 35.73 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus —
287 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 99.2 % 2,979 18.03 Kroger — —
288 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 98.5 % 1,683 20.21 Lowes Foods (Alex Lee) — —
289 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 27.8 % 433 23.84 — — —
290 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 84.6 % 1,599 11.06 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym —
291 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 72.7 % 2,275 9.76 — American Freight, Gold's Gym, NewSpring Church —
292 Pawleys Island Plaza Pawleys Island SC Georgetown, SC 2015 120,095 96.4 % 1,718 14.84 Publix Petco, T.J.Maxx, Ulta —
293 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 100.0 % 2,573 19.64 — Petco, Ross Dress for Less, T.J.Maxx Target
294 Hillcrest Market Place Spartanburg SC Spartanburg, SC 2023 381,927 97.8 % 5,218 14.47 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
295 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,571 100.0 % 3,595 13.71 ALDI At Home, Big Lots, HomeGoods —
296 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 95.7 % 4,366 13.76 — Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Painted Tree Marketplace, Planet Fitness —
297 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 100.0 % 2,178 9.92 — bealls, Belk, Hobby Lobby, Marshalls, Ross Dress for Less —
298 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,012 8.48 — Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park —
299 The Commons at Wolfcreek (3) Memphis TN Memphis, TN-MS-AR 2014 649,252 95.7 % 9,839 16.67 — 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
300 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 93.7 % 1,482 13.85 Kroger — —
301 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,076 13.02 Kroger — Walgreens
302 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 170,605 96.1 % 2,187 13.33 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Planet Fitness —
303 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 57.4 % 951 17.27 — Goodwill —
304 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 100.0 % 738 10.30 El Ahorro Supermarket Dollar Tree, Family Dollar —
305 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 85.2 % 917 7.86 — AlphaGraphics —
306 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.2 % 3,425 20.03 — Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's
307 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 100.0 % 1,532 29.10 Kroger CVS —
308 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 72.0 % 909 14.91 — Crunch Fitness —
309 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 95.2 % 2,417 26.61 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
310 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 100.0 % 1,350 20.37 — EOS Fitness — Supplemental Disclosure - Three Months Ended March 31, 2024 Page 44
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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
311 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 98.2 % 805 11.89 — Canales —
312 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 100.0 % 524 11.52 — Big Lots —
313 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 86.8 % 1,223 13.65 El Rio Grande Latin Market Family Dollar —
314 Wynnewood Village (4) Dallas TX Dallas-Fort Worth-Arlington, TX 2024 576,556 94.1 % 8,192 19.34 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 —
315 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 96.9 % 1,200 10.47 Food Town bealls, Walgreens —
316 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 100.0 % 2,019 11.84 Tom Thumb (Albertsons) Dollar Tree, Goody Goody Wine & Spirits —
317 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 92.1 % 4,079 22.44 Tom Thumb (Albertsons) DSW, Ulta —
318 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 788,584 99.6 % 18,102 23.04 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 —
319 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,477 16.60 Truong Nguyen Market — —
320 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.7 % 1,262 12.86 — Painted Tree Marketplace, Planet Fitness —
321 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 95.3 % 742 10.87 Kroger — —
322 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 94.0 % 1,011 32.99 Kroger — —
323 Braes Heights Houston TX Houston-The Woodlands-Sugar Land, TX 2022 92,179 96.5 % 2,843 31.97 — CVS, My Salon Suites —
324 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,982 96.3 % 731 8.25 Food Town — —
325 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,988 98.7 % 973 13.67 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
326 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 69.8 % 1,159 17.11 ALDI Mr. Gatti's Pizza, Spec's Liquors —
327 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 97.8 % 2,508 12.32 El Rancho (Heritage Grocers) Big Lots, Conn's Home Plus, XL Parts —
328 Jester Village Houston TX Houston-The Woodlands-Sugar Land, TX 2022 62,665 93.7 % 1,323 22.53 — 24 Hour Fitness —
329 Jones Plaza (4) Houston TX Houston-The Woodlands-Sugar Land, TX 2024 111,206 94.1 % 1,264 12.08 La Michoacana Supermarket Aaron's, Fitness Connection —
330 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 96.8 % 1,585 9.64 — Big Lots, Hobby Lobby, King Dollar, Octapharma, Walgreens —
331 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 99.2 % 1,014 10.30 Foodarama bealls, Kids Empire —
332 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,651 99.1 % 4,134 16.90 Kroger Big Lots, JD Sports, Petco, Planet Fitness, Ross Dress for Less —
333 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 38,724 100.0 % 648 16.73 El Rancho* WSS —
334 Northshore (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2001 232,654 97.1 % 3,400 15.27 Sellers Bros. Conn's Home Plus, Dollar Tree, Kamada Plasma, Melrose Fashions, Nova Healthcare, Office Depot —
335 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,529 96.3 % 2,590 14.31 El Rancho (Heritage Grocers) 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) —
336 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,664 99.1 % 2,223 12.67 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
337 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 146,279 91.6 % 3,434 25.64 H-E-B — —
338 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 82,623 79.5 % 1,105 16.83 ALDI Dollar Tree, Party City —
339 West U Marketplace Houston TX Houston-The Woodlands-Sugar Land, TX 2000 60,136 100.0 % 1,616 26.87 Whole Foods Market (Amazon) — —
340 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 97.4 % 2,789 11.66 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Sanitas Medical Center, Shoe Carnival, Walgreens —
341 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 96.4 % 2,137 16.13 Kroger LA Fitness —
342 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 181,888 99.0 % 2,076 11.52 Kroger bealls, Octapharma, Petco, Retro Fitness —
343 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 98.5 % 1,454 9.44 Kroger American Freight, Goodwill, Harbor Freight Tools, Walgreens —
344 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 147,500 87.8 % 2,878 23.20 Central Market (H-E-B) — —
345 Preston Park Village (4) Plano TX Dallas-Fort Worth-Arlington, TX 2024 256,379 82.5 % 5,872 27.75 — Gap Factory Store, HomeGoods, Petco —
346 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,100 97.0 % 1,614 13.70 El Rancho Retro Fitness — Supplemental Disclosure - Three Months Ended March 31, 2024 Page 45
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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
347 Lake Pointe Village Sugar Land TX Houston-The Woodlands-Sugar Land, TX 2010 162,263 87.8 % 4,287 30.08 Whole Foods Market (Amazon) — —
348 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,884 93.5 % 2,361 11.40 Kroger Conn's Home Plus, Harbor Freight Tools, Planet Fitness —
349 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 89.5 % 1,951 21.64 — Tesla —
350 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 79.1 % 1,033 9.82 — Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
351 Hanover Square Mechanicsville VA Richmond, VA 1991 141,569 96.6 % 2,325 17.00 — Gold's Gym, Hobby Lobby Kohl's
352 Cave Spring Corners Roanoke VA Roanoke, VA 2005 144,942 100.0 % 1,352 15.71 Kroger Hamrick's —
353 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 98.5 % 1,509 9.22 — Dollar Tree, Kohl's, PetSmart —
354 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,014 99.8 % 3,336 22.51 Trader Joe's Five Below, JOANN, PetSmart, Ulta —
355 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 98.6 % 2,252 10.23 Market 32 (Northeast Grocery) Planet Fitness, T.J.Maxx, Walmart —
356 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,392 97.1 % 3,697 17.44 Sendik's Food Market Marshalls, Sierra Trading Post, The Tile Shop —
357 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 98.7 % 1,051 10.83 Pick 'n Save (Kroger) — —
358 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,430 100.0 % 1,746 8.58 — Hobby Lobby, Kohl's Big Lots, Five Below, HomeGoods, Sierra Trading Post
359 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 54.1 % 625 15.33 — Sportsman's Warehouse —
TOTAL PORTFOLIO 63,870,524 95.1 % $ 978,178 $ 17.12
(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 March 31, 2024 Page 46
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