brx-20200803
0001581068false00015810682020-08-032020-08-030001581068brx:BrixmorOperatingPartnershipLPMember2020-08-032020-08-03


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): August 3, 2020
Brixmor Property Group Inc.
Brixmor Operating Partnership LP
(Exact Name of Registrant as Specified in Charter)
Maryland001-3616045-2433192
Delaware333-201464-0180-0831163
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareBRXNew 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 August 3, 2020, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the second quarter ended June 30, 2020. 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

  Press release issued August 3, 2020.
  Brixmor Property Group Inc. Supplemental Financial Information for the second quarter ended June 30, 2020.
104Cover 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: August 3, 2020
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 Inc., its sole member
By:/s/ Steven F. Siegel
Name:Steven F. Siegel
Title:Executive Vice President,
General Counsel and Secretary





Exhibit 99.1
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450 Lexington Avenue : New York, NY 10017 : 800.468.7526




FOR IMMEDIATE RELEASE

CONTACT:
Stacy Slater       
Senior Vice President, Investor Relations   
800.468.7526        
[email protected]
BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER 2020 RESULTS
NEW YORK, AUGUST 3, 2020 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended June 30, 2020. For the three months ended June 30, 2020 and 2019, net income was $0.03 per diluted share and $0.23 per diluted share, respectively.

Key highlights for the three months ended June 30, 2020 include:
Executed 1.3 million square feet of new and renewal leases, with rent spreads on comparable space of 5.9%, including 0.4 million square feet of new leases, with rent spreads on comparable space of 19.4%
Realized total leased occupancy of 92.1%, anchor leased occupancy of 95.1% and small shop leased occupancy of 85.2%
Leased to billed occupancy spread of 320 basis points, representing $39.3 million of annualized base rent not yet commenced
Generated same property NOI growth of (9.0%), with a 290 basis point positive contribution from base rent, offset by $26.7 million of revenues deemed uncollectible primarily related to COVID-19
Reported NAREIT FFO of $94.1 million, or $0.32 per diluted share, offset by $27.8 million of revenues deemed uncollectible and an $11.5 million reversal of straight-line rental income, net primarily related to COVID-19
Issued $500.0 million of Senior Notes due 2030 and completed a tender offer of $182.5 million of Senior Notes due 2022, increasing total liquidity to $1.4 billion

COVID-19 UPDATE (as of July 29, 2020)
Tenants representing approximately 94% of the Company’s annualized base rent (“ABR”) are currently open and operating
Collected 76.6% of billed base rent for the three months ended June 30, 2020 including 98.1% from essential tenants, 78.0% from hybrid tenants and 58.1% from other retail / services
Entered into rent deferral and abatement agreements representing 9.8% of billed base rent, or $20.8 million
Total addressed billed base rent for the three months ended June 30, 2020 was 86.4%
Collected 79.7% of billed base rent for July 2020, including 97.2% from essential tenants, 78.7% from hybrid tenants and 66.0% from other retail / services
Entered into rent deferral and abatement agreements representing 4.2% of billed base rent, or $3.0 million
Total addressed billed base rent for July 2020 was 83.9%
Continued the Company’s “BrixAssist” program in order to support small shop businesses across the portfolio by providing additional signage, designated curbside pick-up and delivery areas, and outdoor amenities, as well as by facilitating access to federal lending programs and sponsoring webinars with retail consultants on re-opening strategies
The Company’s Board of Directors elected to continue the temporary suspension of its quarterly cash dividend. The Company’s Board of Directors will reevaluate the dividend on a quarterly basis, taking into account a variety of relevant factors including REIT taxable income

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
“We are pleased with the resiliency and durability demonstrated by our portfolio of well-located, community focused shopping centers,” commented James Taylor, Chief Executive Officer and President. “With 94% of our tenants now open and traffic levels increasing with tenant openings, our centers have proven integral to the communities they serve and are well positioned for future growth.”

FINANCIAL HIGHLIGHTS
Net Income
For the three months ended June 30, 2020 and 2019, net income was $9.0 million, or $0.03 per diluted share, and $69.0 million, or $0.23 per diluted share, respectively.
For the six months ended June 30, 2020 and 2019, net income was $68.8 million, or $0.23 per diluted share, and $131.9 million, or $0.44 per diluted share, respectively.

NAREIT FFO
For the three months ended June 30, 2020 and 2019, NAREIT FFO was $94.1 million, or $0.32 per diluted share, and $142.7 million, or $0.48 per diluted share, respectively. Results for the three months ended June 30, 2020 and 2019 include items that impact FFO comparability, including a loss on extinguishment of debt, net and litigation and other non-routine legal expenses, of ($12.8) million, or ($0.04) per diluted share, and ($1.1) million, or ($0.00) per diluted share, respectively.
During the three months ended June 30, 2020, the Company recognized $27.8 million of revenues deemed uncollectible and an $11.5 million reversal of straight-line rental income, net, primarily related to COVID-19.
For the six months ended June 30, 2020 and 2019, NAREIT FFO was $231.6 million, or $0.78 per diluted share, and $285.5 million, or $0.96 per diluted share, respectively. Results for the six months ended June 30, 2020 and 2019 include items that impact FFO comparability, including a loss on extinguishment of debt, net and litigation and other non-routine legal expenses, of ($13.4) million, or ($0.04) per diluted share, and ($1.8) million, or ($0.01) per diluted share, respectively.
During the six months ended June 30, 2020, the Company recognized $34.0 million of revenues deemed uncollectible and a $19.4 million reversal of straight-line rental income, net primarily related to COVID-19.

Same Property NOI Growth
Same property NOI growth for the three months ended June 30, 2020 was (9.0%) versus the comparable 2019 period.
Same property base rent for the three months ended June 30, 2020 contributed 290 basis points to same property NOI growth.
The Company recognized $26.7 million of revenues deemed uncollectible primarily related to COVID-19.
Same property NOI growth for the six months ended June 30, 2020 was (3.0%) versus the comparable 2019 period.
Same property base rent for the six months ended June 30, 2020 contributed 350 basis points to same property NOI growth.
The Company recognized $32.7 million of revenues deemed uncollectible primarily related to COVID-19.

PORTFOLIO AND INVESTMENT ACTIVITY
Value Enhancing Reinvestment Opportunities
During the three months ended June 30, 2020, the Company stabilized three value enhancing reinvestment projects with a total aggregate net cost of approximately $0.9 million at an average incremental NOI yield of 9% and added five new reinvestment projects to its in process pipeline. Projects added include two anchor space repositioning project, one outparcel development project and two
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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
redevelopment projects, with a total aggregate net estimated cost of approximately $30.6 million at an expected average incremental NOI yield of 7%.
At June 30, 2020, the value enhancing reinvestment in process pipeline was comprised of 52 projects with an aggregate net estimated cost of approximately $392.9 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 17 anchor space repositioning projects with an aggregate net estimated cost of approximately $85.9 million at expected incremental NOI yields of 9 to 14%; 14 outparcel development projects with an aggregate net estimated cost of approximately $30.3 million at an expected average incremental NOI yield of 11%; and 21 redevelopment projects with an aggregate net estimated cost of approximately $276.8 million at an expected average incremental NOI yield of 9%.
Due to COVID-19, there is inherent uncertainty as it relates to the Company’s reinvestment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.

Dispositions
During the three months ended June 30, 2020, the Company generated approximately $6.0 million of gross proceeds on the disposition of two shopping centers comprised of 0.2 million square feet.
During the six months ended June 30, 2020, the Company generated approximately $47.8 million of gross proceeds on the disposition of five shopping centers, as well as two partial properties, comprised of 0.6 million square feet.

CAPITAL STRUCTURE
As previously announced, during the three months ended June 30, 2020, the Company’s Operating Partnership, Brixmor Operating Partnership LP, issued $500.0 million aggregate principal amount of 4.050% Senior Notes due 2030. The net proceeds from the offering were utilized to complete a tender offer of $182.5 million of the Company’s $500.0 million outstanding 3.875% Senior Notes due 2022, to repay indebtedness under its Revolving Credit Facility and for general corporate purposes.
At June 30, 2020, the Company had $1.4 billion of total liquidity, comprised of $320.0 million of cash, cash equivalents and restricted cash, and $1.1 billion of availability under its Revolving Credit Facility. The Company has no debt maturities until 2022.

CONNECT WITH BRIXMOR
For additional information, please visit www.brixmor.com;
Follow Brixmor on:
Twitter at https://twitter.com/Brixmor
Facebook at https://www.facebook.com/Brixmor
Instagram at https://www.instagram.com/brixmorpopupshop
YouTube at https://www.youtube.com/user/Brixmor; and
Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
        
CONFERENCE CALL AND SUPPLEMENTAL INFORMATION
The Company will host a teleconference on Tuesday, August 4, 2020 at 10:00 AM ET. To participate, please dial 877.705.6003 (domestic) or 201.493.6725 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on August 18, 2020 by dialing
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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13705310) or via the web through August 4, 2021 at www.brixmor.com in the Investors section.

The Company’s Supplemental Disclosure will be posted at www.brixmor.com in the Investors section. These materials are also available to all interested parties upon request to the Company at [email protected] 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 these non-GAAP performance measures to net income is presented in the attached table.

NAREIT FFO
NAREIT FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. The National Association of Real Estate Investment Trusts (“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 and (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 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.

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 which 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) corporate level expenses (including general and administrative), (ii) lease termination fees, (iii) straight-line rental income, net, (iv) accretion of above- and below-market leases and tenant inducements, net, (v) straight-line ground rent expense, and (vi) income / expense associated with the Company’s captive insurance company. Considering the nature of its business as a real estate owner and operator, the Company believes that same property NOI is useful to investors in measuring the operating performance of its property portfolio because the definition excludes
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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
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 depreciation and amortization and corporate level expenses (including general and administrative), and because it eliminates disparities in NOI due to the acquisition or disposition of properties or the stabilization of completed new development properties during the period presented 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 398 retail centers comprise approximately 70 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 approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

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 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 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,” “approximately,” “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, 2019 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company's tenants, the real estate market, the global economy and the financial markets. The extent to which the COVID-19 pandemic impacts the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the direct and indirect economic effects of the pandemic and containment measures, and potential changes in consumer behavior, among others. 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 filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
###
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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As ofAs of
6/30/2012/31/19
Assets
Real estate
Land$1,758,946  $1,767,029  
Buildings and tenant improvements7,642,122  7,593,444  
Construction in progress181,114  148,163  
Lease intangibles595,771  614,964  
10,177,953  10,123,600  
Accumulated depreciation and amortization(2,581,127) (2,481,250) 
Real estate, net7,596,826  7,642,350  
Cash and cash equivalents318,540  19,097  
Restricted cash1,451  2,426  
Marketable securities20,765  18,054  
Receivables, net274,532  234,246  
Deferred charges and prepaid expenses, net141,645  143,973  
Real estate assets held for sale10,514  22,171  
Other assets52,012  60,179  
Total assets$8,416,285  $8,142,496  
Liabilities
Debt obligations, net$5,307,527  $4,861,185  
Accounts payable, accrued expenses and other liabilities429,138  537,454  
Total liabilities5,736,665  5,398,639  
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
305,608,219 and 305,334,144 shares issued and 296,481,227 and 297,857,267
shares outstanding2,965  2,979  
Additional paid-in capital3,207,116  3,230,625  
Accumulated other comprehensive loss(34,061) (9,543) 
Distributions in excess of net income(496,400) (480,204) 
Total equity2,679,620  2,743,857  
Total liabilities and equity$8,416,285  $8,142,496  























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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Revenues
Rental income$247,434  $290,737  $527,836  $580,692  
Other revenues186  268  2,085  1,452  
Total revenues247,620  291,005  529,921  582,144  
Operating expenses
Operating costs25,136  29,307  55,492  60,565  
Real estate taxes41,808  43,189  84,672  86,515  
Depreciation and amortization80,829  81,593  163,846  166,988  
Impairment of real estate assets5,962  6,186  10,560  9,298  
General and administrative24,436  25,175  47,033  50,618  
Total operating expenses178,171  185,450  361,603  373,984  
Other income (expense)
Dividends and interest102  300  226  447  
Interest expense(49,852) (48,475) (97,206) (95,141) 
Gain on sale of real estate assets692  13,043  9,597  20,645  
Loss on extinguishment of debt, net(10,386) (707) (10,391) (677) 
Other (961) (756) (1,719) (1,574) 
Total other expense(60,405) (36,595) (99,493) (76,300) 
Net income$9,044  $68,960  $68,825  $131,860  
Net income per common share:
Basic $0.03  $0.23  $0.23  $0.44  
Diluted $0.03  $0.23  $0.23  $0.44  
Weighted average shares:
Basic 296,546  298,140  297,194  298,372  
Diluted 296,773  298,893  297,485  298,895  







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FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Net income$9,044  $68,960  $68,825  $131,860  
Depreciation and amortization related to real estate79,768  80,621  161,788  165,018  
Gain on sale of real estate assets(692) (13,043) (9,597) (20,645) 
Impairment of real estate assets5,962  6,186  10,560  9,298  
NAREIT FFO$94,082  $142,724  $231,576  $285,531  
NAREIT FFO per diluted share$0.32  $0.48  $0.78  $0.96  
Weighted average diluted shares outstanding296,773  298,893  297,485  298,895  
Items that impact FFO comparability
Loss on extinguishment of debt, net$(10,386) $(707) $(10,391) $(677) 
Litigation and other non-routine legal expenses(2,038) (373) (2,560) (1,070) 
Transaction expenses(413) (59) (425) (69) 
Total items that impact FFO comparability$(12,837) $(1,139) $(13,376) $(1,816) 
Items that impact FFO comparability, net per share$(0.04) $(0.00) $(0.04) $(0.01) 
Additional Disclosures
Straight-line rental income, net (1)$(6,422) $6,184  $(8,559) $11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Straight-line ground rent expense (2)(35) (32) (70) (63) 
Dividends declared per share$—  $0.280  $0.285  $0.560  
Dividends declared$—  $83,397  $84,488  $166,833  
Dividend payout ratio (as % of NAREIT FFO)— %58.4 %36.5 %58.4 %
(1) Includes straight-line rental income reversals of $11.5 million and $19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense 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 EndedSix Months Ended
6/30/206/30/19Change6/30/206/30/19Change
Same Property NOI Analysis
Number of properties392  392  —  392  392  —  
Percent billed89.1 %87.8 %1.3 %89.1 %87.8 %1.3 %
Percent leased92.3 %91.9 %0.4 %92.3 %91.9 %0.4 %
Revenues
Base rent$207,509  $201,877  $415,731  $402,104  
Expense reimbursements59,137  59,972  122,940  121,776  
Revenues deemed uncollectible(26,672) (1,923) (32,686) (4,639) 
Ancillary and other rental income / Other revenues3,820  4,435  9,835  9,165  
Percentage rents1,106  2,040  2,955  4,896  
244,900  266,401  (8.1)%518,775  533,302  (2.7)%
Operating expenses
Operating costs(24,480) (27,845) (53,940) (57,115) 
Real estate taxes(40,581) (40,996) (82,517) (82,171) 
(65,061) (68,841) (5.5)%(136,457) (139,286) (2.0)%
Same property NOI $179,839  $197,560  (9.0)%$382,318  $394,016  (3.0)%
NOI margin73.4 %74.2 %73.7 %73.9 %
Expense recovery ratio90.9 %87.1 %90.1 %87.4 %
Percent Contribution to Same Property NOI Growth:
ChangePercent Contribution
Change
Percent Contribution
Base rent$5,632  2.9 %$13,627  3.5 %
Revenues deemed uncollectible(24,749) (12.6)%(28,047) (7.2)%
Net recoveries2,945  1.5 %3,993  1.0 %
Ancillary and other rental income / Other revenues(615) (0.3)%670  0.2 %
Percentage rents(934) (0.5)%(1,941) (0.5)%
(9.0)%(3.0)%
Reconciliation of Net Income to Same Property NOI
Same property NOI$179,839  $197,560  $382,318  $394,016  
Adjustments:
Non-same property NOI2,398  9,630  6,413  19,839  
Lease termination fees1,746  1,514  3,134  2,283  
Straight-line rental income, net(6,422) 6,184  (8,559) 11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Straight-line ground rent expense(35) (32) (70) (63) 
Depreciation and amortization (80,829) (81,593) (163,846) (166,988) 
Impairment of real estate assets(5,962) (6,186) (10,560) (9,298) 
General and administrative (24,436) (25,175) (47,033) (50,618) 
Total other expense(60,405) (36,595) (99,493) (76,300) 
Net income$9,044  $68,960  $68,825  $131,860  




ix
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Exhibit 99.2


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>SUPPLEMENTAL DISCLOSURE
Three Months Ended June 30, 2020





TABLE OF CONTENTS
Page
Note: Financial and operational information is unaudited.
For additional information, please visit www.brixmor.com, follow Brixmor on Twitter at https://twitter.com/Brixmor, on Facebook at https://www.facebook.com/Brixmor, on Instagram at https://www.instagram.com/brixmorpopupshop and on Youtube at https://www.youtube.com/user/Brixmor, and find Brixmor on LinkedIn at www.linkedin.com/company/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,” “approximately,” “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, 2019 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company’s tenants, the real estate market, the global economy and the financial markets. The extent to which the COVID-19 pandemic impacts the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the direct and indirect economic effects of the pandemic and containment measures, and potential changes in consumer behavior, among others. 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 filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Supplemental Disclosure - Three Months Ended June 30, 2020
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GLOSSARY OF TERMS
Term
Definition
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 which 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 generally accepted accounting principles in the United States of America (“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.
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.
Development & Redevelopment Stabilization
Development and redevelopment projects are deemed stabilized upon reaching approximately 90% billed occupancy of the impacted space. Development projects are included in the operating portfolio upon the earlier of (i) reaching approximately 90% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
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.
A reconciliation of net income to each of these measures is provided on page 7.
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 represents EBITDA excluding (i) gains and losses on the sale of certain real estate assets and (ii) impairment write-downs of certain real estate assets, and after adjustments for unconsolidated joint ventures calculated to reflect EBITDAre on the same basis. 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 above- and below-market leases and tenant inducements, net and (iii) straight-line ground rent expense.
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.
LIBOR
London Interbank Offered Rate.
Metropolitan Statistical Area ("MSA")
Defined by the United States Office of Management and Budget 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.
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.
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 and (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 after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.

Net Effective Rent
Average ABR PSF over the lease term adjusted for tenant improvements and allowances, third party leasing commissions and tenant specific landlord work. For purposes of calculating net effective rent, 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.
A reconciliation of NOI to net income is provided on page 10.
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) corporate level expenses (including general and administrative), (ii) lease termination fees, (iii) straight-line rental income, net, (iv) accretion of above-and below-market leases and tenant inducements, net and (v) straight-line ground rent expense.
New Development
Refers to ground up development of new shopping centers. Does not refer to outparcel development.
NOI Yield
Calculated as the projected incremental NOI as a percentage of the incremental third party costs of a specified project, net of any project specific credits (i.e. lease termination fees or other ancillary credits).
Non-owned Major TenantsAlso known as shadow anchors. Represents tenants that are situated on parcels which 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 freestanding building, separate from the main retail buildings and generally located on the outer edge of a property. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new building.
Percent Billed
Billed GLA as a percentage of total GLA.
Percent Leased
Leased GLA as a percentage of total GLA.
PSF
Per square foot of GLA.
RedevelopmentLarger 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 ProjectsRepresents 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 and new leases signed on first generation space are 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 are 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.
Supplemental Disclosure - Three Months Ended June 30, 2020
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GLOSSARY OF TERMS
Term
Definition
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 Same Property NOI to net income is provided on page 12.
Represents NOI of properties owned for the entirety of both periods excluding properties under development and completed New Development properties which have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance entity.
Number of Properties in Same Property NOI Analysis:
Three Months
Ended 6/30/20
Six Months
Ended 6/30/20
Total properties in Brixmor Property Group portfolio
398398
Acquired properties excluded from Same Property NOI
(2)(2)
Additional exclusions
(4)(4)
Same Property NOI pool
392392
In addition, two outparcels acquired in 2020 and 2019 are excluded from the Same Property NOI pool for the three and six months ended June 30, 2020 and 2019. The balance of the shopping centers where those outparcels exist are included in the Same Property NOI pool. Additional exclusions include four properties that were subject to partial dispositions in 2020 and 2019.
Small Shop Spaces
Spaces less than 10,000 SF of GLA.
Straight-line Rent
Non-cash revenue related to GAAP requirement to average a tenant's contractual base rent over the life of the lease. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net. 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.
COVID-19
The Company expects the economic impact of the novel strain of coronavirus (“COVID-19”) to adversely impact operating results for at least the remainder of 2020. Portfolio data presented in the Supplemental Disclosure for the quarter ended June 30, 2020 reflects the contractual obligations of tenants. Due to COVID-19, there is inherent uncertainty as it relates to the Company’s reinvestment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields. For additional information refer to Form 10-Q, filed with the Securities and Exchange Commission (“SEC”) on August 3, 2020.
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
  • EBITDA & Cash Adjusted EBITDA
Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA is useful to investors in measuring its operating performance because the definition excludes items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate, such as interest expense, federal and state taxes, and depreciation and amortization. The Company believes EBITDAre is also useful to investors as it further eliminates disparities in EBITDA due to gains and losses on the sale of certain real estate assets and impairment write-downs of certain real estate assets during the period presented and therefore provides a more consistent metric for comparing the operating performance of the Company’s real estate between periods. The Company believes Adjusted EBITDA, which further eliminates disparities in EBITDAre due to gains and losses on extinguishment of debt and other items that the Company believes are not indicative of the Company’s operating performance, and Cash Adjusted EBITDA, which further eliminates straight-line rental income, net, accretion of above- and below-market leases and tenant inducements, net, and straight-line ground rent expense, are also useful to investors in understanding the Company’s operating performance.
  • 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.
  • 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 property 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 depreciation and amortization and corporate level expenses (including general and administrative). The Company believes Same Property NOI is also useful to investors as it further eliminates disparities in NOI due to the acquisition or disposition of properties or the stabilization of completed New Development properties during the period presented 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 June 30, 2020
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RESULTS OVERVIEW & GUIDANCE
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Six Months Ended
Summary Financial Results
6/30/206/30/196/30/206/30/19
Total revenues (page 6)$ 247,620$ 291,005$ 529,921$ 582,144
Net income (page 6)9,04468,96068,825131,860
Net income per diluted share (page 6)0.030.230.230.44
NOI (page 10)182,237207,190388,731413,855
Adjusted EBITDA (page 7)158,512194,141345,685386,044
Cash Adjusted EBITDA (page 7)161,819184,336347,793367,118
NAREIT FFO (page 8)94,082142,724231,576285,531
NAREIT FFO per diluted share (page 8)0.320.480.780.96
Items that impact FFO comparability, net per share (page 8)(0.04)(0.00)(0.04)(0.01)
Dividends declared per share (page 8)0.2800.2850.560
Dividend payout ratio (as % of NAREIT FFO) (page 8)0.0 %58.4 %36.5 %58.4 %
Three Months Ended
Summary Operating and Financial Ratios6/30/203/31/2012/31/199/30/196/30/19
NOI margin (page 10)73.1 %73.8 %73.4 %74.0 %74.1 %
Same property NOI growth (page 12) (1)(9.0)%3.0 %5.1 %4.4 %1.8 %
Fixed charge coverage, current quarter annualized (page 14)3.2x4.0x4.1x4.1x4.0x
Fixed charge coverage, trailing twelve months (page 14)3.8x4.0x4.1x4.0x3.9x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 14) (2)7.9x6.6x6.3x6.2x6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 14) (2)6.8x6.4x6.3x6.2x6.3x
Outstanding Classes of Stock
As of 6/30/20As of 3/31/20As of 12/31/19As of 9/30/19As of 6/30/19
Common shares outstanding (page 14)296,481296,449297,857297,846297,846
Summary Portfolio Statistics (3)As of 6/30/20As of 3/31/20As of 12/31/19As of 9/30/19As of 6/30/19
Number of properties (page 27)398400403409421
Percent billed (page 27)88.9 %89.1 %89.3 %88.6 %87.5 %
Percent leased (page 27)92.1 %92.2 %92.4 %91.9 %91.5 %
ABR PSF (page 27)$ 14.83$ 14.80$ 14.74$ 14.59$ 14.39
New lease rent spread (page 31)19.4 %23.7 %33.3 %30.5 %30.4 %
New & renewal lease rent spread (page 31)5.9 %10.2 %12.9 %13.3 %13.9 %
Total - new, renewal & option lease rent spread (page 31)6.5 %9.3 %10.9 %11.1 %11.7 %
Total - new, renewal & option GLA (page 31)1,841,5192,347,3152,681,7483,623,3473,299,874
2020 GuidanceCurrentPrevious
(at 5/7/20)
YTD
NAREIT FFO per diluted shareWithdrawnWithdrawn$0.78  
Same property NOI growthWithdrawnWithdrawn(3.0)%
(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) Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 3
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>FINANCIAL SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2020





CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of
As of
6/30/2012/31/19
Assets
Real estate
Land$1,758,946  $1,767,029  
Buildings and tenant improvements7,642,122  7,593,444  
Construction in progress181,114  148,163  
Lease intangibles595,771  614,964  
10,177,953  10,123,600  
Accumulated depreciation and amortization(2,581,127) (2,481,250) 
Real estate, net7,596,826  7,642,350  
Cash and cash equivalents318,540  19,097  
Restricted cash1,451  2,426  
Marketable securities20,765  18,054  
Receivables, net274,532  234,246  
Deferred charges and prepaid expenses, net141,645  143,973  
Real estate assets held for sale10,514  22,171  
Other assets52,012  60,179  
Total assets$8,416,285  $8,142,496  
Liabilities
Debt obligations, net$5,307,527  $4,861,185  
Accounts payable, accrued expenses and other liabilities429,138  537,454  
Total liabilities5,736,665  5,398,639  
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
305,608,219 and 305,334,144 shares issued and 296,481,227 and 297,857,267
shares outstanding2,965  2,979  
Additional paid-in capital3,207,116  3,230,625  
Accumulated other comprehensive loss(34,061) (9,543) 
Distributions in excess of net income(496,400) (480,204) 
Total equity2,679,620  2,743,857  
Total liabilities and equity$8,416,285  $8,142,496  



Supplemental Disclosure - Three Months Ended June 30, 2020
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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Revenues
Rental income$247,434  $290,737  $527,836  $580,692  
Other revenues186  268  2,085  1,452  
Total revenues247,620  291,005  529,921  582,144  
Operating expenses
Operating costs25,136  29,307  55,492  60,565  
Real estate taxes41,808  43,189  84,672  86,515  
Depreciation and amortization80,829  81,593  163,846  166,988  
Impairment of real estate assets5,962  6,186  10,560  9,298  
General and administrative24,436  25,175  47,033  50,618  
Total operating expenses178,171  185,450  361,603  373,984  
Other income (expense)
Dividends and interest102  300  226  447  
Interest expense(49,852) (48,475) (97,206) (95,141) 
Gain on sale of real estate assets692  13,043  9,597  20,645  
Loss on extinguishment of debt, net(10,386) (707) (10,391) (677) 
Other (961) (756) (1,719) (1,574) 
Total other expense(60,405) (36,595) (99,493) (76,300) 
Net income$9,044  $68,960  $68,825  $131,860  
Net income per common share:
Basic $0.03  $0.23  $0.23  $0.44  
Diluted $0.03  $0.23  $0.23  $0.44  
Weighted average shares:
Basic 296,546  298,140  297,194  298,372  
Diluted 296,773  298,893  297,485  298,895  

Supplemental Disclosure - Three Months Ended June 30, 2020
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EBITDA
Unaudited, dollars in thousands
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Net income$9,044  $68,960  $68,825  $131,860  
Interest expense49,852  48,475  97,206  95,141  
Federal and state taxes680  831  1,469  1,586  
Depreciation and amortization80,829  81,593  163,846  166,988  
EBITDA140,405  199,859  331,346  395,575  
Gain on sale of real estate assets(692) (13,043) (9,597) (20,645) 
Impairment of real estate assets5,962  6,186  10,560  9,298  
EBITDAre$145,675  $193,002  $332,309  $384,228  
EBITDAre$145,675  $193,002  $332,309  $384,228  
Loss on extinguishment of debt, net10,386  707  10,391  677  
Litigation and other non-routine legal expenses2,038  373  2,560  1,070  
Transaction expenses413  59  425  69  
Total adjustments12,837  1,139  13,376  1,816  
Adjusted EBITDA$158,512  $194,141  $345,685  $386,044  
Adjusted EBITDA$158,512  $194,141  $345,685  $386,044  
Straight-line rental income, net (1)6,422  (6,184) 8,559  (11,220) 
Accretion of above- and below-market leases and tenant inducements, net(3,150) (3,653) (6,521) (7,769) 
Straight-line ground rent expense (2)35  32  70  63  
Total adjustments 3,307  (9,805) 2,108  (18,926) 
Cash Adjusted EBITDA$161,819  $184,336  $347,793  $367,118  
(1) Includes straight-line rental income reversals of $11.5 million and $19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 7
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FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Net income$9,044  $68,960  $68,825  $131,860  
Depreciation and amortization related to real estate79,768  80,621  161,788  165,018  
Gain on sale of real estate assets(692) (13,043) (9,597) (20,645) 
Impairment of real estate assets5,962  6,186  10,560  9,298  
NAREIT FFO$94,082  $142,724  $231,576  $285,531  
NAREIT FFO per diluted share$0.32  $0.48  $0.78  $0.96  
Weighted average diluted shares outstanding296,773  298,893  297,485  298,895  
Items that impact FFO comparability
Loss on extinguishment of debt, net$(10,386) $(707) $(10,391) $(677) 
Litigation and other non-routine legal expenses(2,038) (373) (2,560) (1,070) 
Transaction expenses(413) (59) (425) (69) 
Total items that impact FFO comparability$(12,837) $(1,139) $(13,376) $(1,816) 
Items that impact FFO comparability, net per share$(0.04) $(0.00) $(0.04) $(0.01) 
Additional Disclosures
Straight-line rental income, net (1)$(6,422) $6,184  $(8,559) $11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Straight-line ground rent expense (2)(35) (32) (70) (63) 
Dividends declared per share$—  $0.280  $0.285  $0.560  
Dividends declared$—  $83,397  $84,488  $166,833  
Dividend payout ratio (as % of NAREIT FFO) — %58.4 %36.5 %58.4 %
(1) Includes straight-line rental income reversals of $11.5 million and $19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 8
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SUPPLEMENTAL BALANCE SHEET DETAIL
Unaudited, dollars in thousands
As ofAs of
6/30/2012/31/19
Receivables, net
Straight-line rent receivable, net$131,611  $140,205  
Tenant receivables, net129,661  84,389  
Other 13,260  9,652  
Total receivables, net$274,532  $234,246  
Deferred charges and prepaid expenses, net
Deferred charges, net$120,349  $124,804  
Prepaid expenses, net21,296  19,169  
Total deferred charges and prepaid expenses, net $141,645  $143,973  
Other assets
Right-of-use asset$35,513  $39,860  
Furniture, fixtures and leasehold improvements, net11,273  12,509  
Interest rate swaps—  3,795  
Other 5,226  4,015  
Total other assets$52,012  $60,179  
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $217,195  $248,214  
Below market leases, net95,590  105,034  
Lease liability40,113  44,707  
Interest rate swaps34,367  13,449  
Dividends payable1,829  87,205  
Real estate liabilities held for sale185  415  
Other 39,859  38,430  
Total accounts payable, accrued expenses and other liabilities$429,138  $537,454  

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
Unaudited, dollars in thousands
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Net Operating Income Detail
Base rent$211,226  $212,380  $424,073  $423,449  
Expense reimbursements60,726  62,675  125,765  127,629  
Revenues deemed uncollectible(27,774) (2,147) (34,000) (4,991) 
Ancillary and other rental income / Other revenues3,860  4,683  9,983  9,853  
Percentage rents 1,108  2,063  3,004  4,932  
Operating costs(25,101) (29,275) (55,422) (60,502) 
Real estate taxes(41,808) (43,189) (84,672) (86,515) 
Net operating income $182,237  $207,190  $388,731  $413,855  
Operating Ratios
NOI margin (NOI / revenues)73.1 %74.1 %73.5 %73.8 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes))90.8 %86.5 %89.8 %86.8 %
Reconciliation of Net Operating Income to Net Income
Net operating income $182,237  $207,190  $388,731  $413,855  
Lease termination fees1,746  1,514  3,134  2,283  
Straight-line rental income, net (1)(6,422) 6,184  (8,559) 11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Straight-line ground rent expense (2)(35) (32) (70) (63) 
Depreciation and amortization(80,829) (81,593) (163,846) (166,988) 
Impairment of real estate assets(5,962) (6,186) (10,560) (9,298) 
General and administrative(24,436) (25,175) (47,033) (50,618) 
Total other expense(60,405) (36,595) (99,493) (76,300) 
Net income$9,044  $68,960  $68,825  $131,860  
Supplemental Statement of Operations Detail
Rental income
Base rent$211,226  $212,380  $424,073  $423,449  
Expense reimbursements60,726  62,675  125,765  127,629  
Revenues deemed uncollectible(27,774) (2,147) (34,000) (4,991) 
Lease termination fees1,746  1,514  3,134  2,283  
Straight-line rental income, net (1)(6,422) 6,184  (8,559) 11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Ancillary and other rental income3,674  4,415  7,898  8,401  
Percentage rents 1,108  2,063  3,004  4,932  
Total rental income$247,434  $290,737  $527,836  $580,692  
Other revenues$186  $268  2,085  1,452  
Interest expense
Mortgage, note and other interest$41,076  $35,326  $81,062  $68,359  
Unsecured credit facility and term loan interest8,099  11,683  14,846  23,687  
Capitalized interest (1,114) (778) (2,177) (1,404) 
Deferred financing cost amortization1,856  1,764  3,619  3,551  
Debt premium / discount amortization, net(65) 480  (144) 948  
Total interest expense$49,852  $48,475  $97,206  $95,141  
Other
Federal and state taxes$680  $831  $1,469  $1,586  
Other281  (75) 250  (12) 
Total other$961  $756  $1,719  $1,574  
Additional General and Administrative Disclosures
Capitalized construction compensation costs$3,621  $3,587  $7,118  $6,910  
Capitalized leasing legal costs (3)50  —  74  —  
Capitalized leasing commission costs1,245  1,765  2,608  2,954  
Equity based compensation, net1,955  3,134  4,607  5,611  
(1) Includes straight-line rental income reversals of $11.5 million and $19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.
(3) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 10
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SUPPLEMENTAL COVID-19 DISCLOSURE
Unaudited, dollars in thousands
Three Months Ended 6/30/20
Total
Portfolio
Percent of
Billed Base Rent
Same Property
Portfolio
Percent of
Billed Base Rent
Billed base rent (1)$212,213  100.0 %$208,412  100.0 %
Rent deferrals (lease modifications) and rent abatements (2)(3)(987) (0.5)%(903) (0.4)%
Base rent (Page 10)211,226  99.5 %207,509  99.6 %
Cash collected from tenants (2)(155,296) (73.2)%(152,736) (73.3)%
Accrued but uncollected base rent55,930  26.4 %54,773  26.3 %
Rent deferrals (not lease modifications) (2)(4)(12,609) (5.9)%(12,415) (6.0)%
Accrued but uncollected and unaddressed (under negotiation) base rent$43,321  20.4 %$42,358  20.3 %
Revenues deemed uncollectible - rent deferrals (not lease modifications)$(2,778) (1.3)%$(2,731) (1.3)%
Revenues deemed uncollectible - accrued but uncollected and unaddressed
(under negotiation) base rent
(19,185) (9.0)%(18,763) (9.0)%
Revenues deemed uncollectible - base rent (5)$(21,963) (10.3)%$(21,494) (10.3)%
(1) Amounts presented represent second quarter 2020 base rent billings.
(2) Amounts are as of June 30, 2020 and do not reflect rent deferral or abatement agreements executed, or cash collected subsequent to, June 30, 2020.
(3) The Company accounts for COVID-19 rent deferrals and abatements that significantly increase the consideration due under the lease as lease modifications in accordance with ASC 842. As a result, rental revenue recognition is reduced by the amount of the deferral or abatement in the period it was granted and straight-line rental income recognition is updated over the remaining lease term. The Company does not account for COVID-19 rent abatements that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition is reduced by the amount of the abatement in the period it was granted.
(4) The Company does not account for COVID-19 rent deferrals that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition does not change, and Receivables, net increases for the deferred amount.
(5) Total Portfolio and Same Property Portfolio includes cash basis tenants of $20.1 million and $19.7 million, respectively.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 11
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SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
Three Months EndedSix Months Ended
6/30/206/30/19Change6/30/206/30/19Change
Same Property NOI Analysis
Number of properties392  392  —  392  392  —  
Percent billed89.1 %87.8 %1.3 %89.1 %87.8 %1.3 %
Percent leased92.3 %91.9 %0.4 %92.3 %91.9 %0.4 %
Revenues
Base rent$207,509  $201,877  $415,731  $402,104  
Expense reimbursements59,137  59,972  122,940  121,776  
Revenues deemed uncollectible(26,672) (1,923) (32,686) (4,639) 
Ancillary and other rental income / Other revenues3,820  4,435  9,835  9,165  
Percentage rents1,106  2,040  2,955  4,896  
244,900  266,401  (8.1)%518,775  533,302  (2.7)%
Operating expenses
Operating costs(24,480) (27,845) (53,940) (57,115) 
Real estate taxes(40,581) (40,996) (82,517) (82,171) 
(65,061) (68,841) (5.5)%(136,457) (139,286) (2.0)%
Same property NOI $179,839  $197,560  (9.0)%$382,318  $394,016  (3.0)%
NOI margin73.4 %74.2 %73.7 %73.9 %
Expense recovery ratio90.9 %87.1 %90.1 %87.4 %
Percent Contribution to Same Property NOI Growth:
ChangePercent ContributionChangePercent Contribution
Base rent$5,632  2.9 %$13,627  3.5 %
Revenues deemed uncollectible(24,749) (12.6)%(28,047) (7.2)%
Net recoveries2,945  1.5 %3,993  1.0 %
Ancillary and other rental income / Other revenues(615) (0.3)%670  0.2 %
Percentage rents(934) (0.5)%(1,941) (0.5)%
(9.0)%(3.0)%
Reconciliation of Net Income to Same Property NOI
Same property NOI$179,839  $197,560  $382,318  $394,016  
Adjustments:
Non-same property NOI2,398  9,630  6,413  19,839  
Lease termination fees1,746  1,514  3,134  2,283  
Straight-line rental income, net(6,422) 6,184  (8,559) 11,220  
Accretion of above- and below-market leases and tenant inducements, net3,150  3,653  6,521  7,769  
Straight-line ground rent expense(35) (32) (70) (63) 
Depreciation and amortization(80,829) (81,593) (163,846) (166,988) 
Impairment of real estate assets(5,962) (6,186) (10,560) (9,298) 
General and administrative(24,436) (25,175) (47,033) (50,618) 
Total other expense(60,405) (36,595) (99,493) (76,300) 
Net income$9,044  $68,960  $68,825  $131,860  

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 12
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CAPITAL EXPENDITURES
Unaudited, dollars in thousands
Three Months EndedSix Months Ended
6/30/206/30/196/30/206/30/19
Leasing related:
Tenant improvements and tenant inducements$11,458  $16,428  $27,004  $31,340  
External leasing commissions769  2,639  2,375  4,487  
12,227  19,067  29,379  35,827  
Maintenance capital expenditures (1)8,995  12,131  15,531  17,978  
Total leasing related and maintenance capital expenditures$21,222  $31,198  $44,910  $53,805  
Value-enhancing:
Anchor space repositionings$6,256  $20,535  $19,602  $35,552  
Outparcel developments3,468  3,973  7,133  6,078  
Redevelopments25,675  37,475  51,791  59,673  
New development418  2,204  723  3,392  
Other (2)4,082  2,725  10,438  5,517  
Total value-enhancing capital expenditures$39,899  $66,912  $89,687  $110,212  
(1) Excludes costs related to Hurricane Michael recoveries, as they have been or are expected to be reimbursed by the Company's insurance carrier.
(2) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades and solar array installations.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 13
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CAPITALIZATION, LIQUIDITY & DEBT RATIOS
Unaudited, dollars and shares in thousands except per share amounts
As ofAs of
6/30/2012/31/19
Equity Capitalization:
Common shares outstanding296,481  297,857  
Common share price$12.82  $21.61  
Total equity capitalization$3,800,886  $6,436,690  
Debt:
Revolving credit facility$145,500  $7,000  
Term loans650,000  650,000  
Unsecured notes4,535,974  4,218,453  
Secured mortgage—  7,000  
Total principal debt 5,331,474  4,882,453  
Add: Net unamortized premium10,240  11,289  
Less: Deferred financing fees(34,187) (32,557) 
Total debt5,307,527  4,861,185  
Less: Cash, cash equivalents and restricted cash (319,991) (21,523) 
Net debt $4,987,536  $4,839,662  
Total market capitalization:$8,788,422  $11,276,352  
Liquidity:
Cash and cash equivalents and restricted cash $319,991  $21,523  
Available under revolving credit facility (1)1,098,780  1,237,280  
$1,418,771  $1,258,803  
Ratios:
Principal debt to total market capitalization60.7 %43.3 %
Principal debt to total assets, before depreciation48.5 %46.0 %
Secured principal debt to total assets, before depreciation —  0.1 %
Unencumbered assets to unsecured debt2.1x2.2x
Net principal debt to Adjusted EBITDA, current quarter annualized (2)7.9x6.3x
Net principal debt to Adjusted EBITDA, trailing twelve months (2)6.8x6.3x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense)3.2x4.1x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense)3.8x4.1x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments))3.2x4.1x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments))3.8x4.1x
As ofAs of
6/30/2012/31/19
Percentage of total debt:
Fixed95.4 %97.8 %
Variable4.6 %2.2 %
Unencumbered summary:
Percent of properties100.0 %99.8 %
Percent of ABR100.0 %99.9 %
Percent of NOI100.0 %99.9 %
Weighted average maturity (years):
Fixed5.5  5.4  
Variable2.2  2.2  
Total5.4  5.4  
Credit Ratings & Outlook: (3)
Fitch RatingsBBB-Stable
Moody's Investors ServiceBaa3Stable
Standard & Poor's Ratings ServicesBBB-Stable
(1) Funds available under the revolving credit facility are reduced by five outstanding letters of credit totaling $5.7 million.
(2) Net principal debt is as of the end of each specifed period.
(3) As of August 3, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 14
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DEBT OVERVIEW
Unaudited, dollars in thousands
Maturity Schedule - Debt obligations
Year
MaturitiesWeighted Average Stated Interest Rate (1)
2020$—  —  
2021—  —  
2022567,521  3.05 %
2023995,500  2.65 %
2024800,000  3.73 %
2025700,000  3.85 %
2026607,542  4.17 %
2027400,000  3.90 %
20287,708  6.90 %
2029753,203  4.14 %
2030500,000  4.05 %
Total Debt Maturities
$                  5,331,474  3.63 %
Net unamortized premium
10,240  
Deferred financing costs
(34,187) 
Debt obligations, net
$             5,307,527  

Detailed Maturity Schedule - Debt obligations
Variable Rate and Fixed Rate Unsecured Notes
Variable Rate and Fixed Rate
Unsecured Credit Facility / Term Loans
Year
MaturitiesWeighted Average Stated Interest Rate (1)MaturitiesWeighted Average Stated Interest Rate (1)
2020$—  —  $—  —  
2021—  —  —  —  
2022567,521  3.05 %—  —  
2023500,000  3.25 %495,500  2.05 %
2024500,000  3.65 %300,000  3.86 %
2025700,000  3.85 %—  —  
2026607,542  4.17 %—  —  
2027400,000  3.90 %—  —  
20287,708  6.90 %—  —  
2029753,203  4.14 %—  —  
2030500,000  4.05 %—  —  
Total Debt Maturities
$             4,535,974  3.78 %$             795,500  2.73 %
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 15
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SUMMARY OF OUTSTANDING DEBT
Unaudited, dollars in thousands
OutstandingWeighted AverageMaturityPercent of
Loan / Property NameBalanceStated Interest Rate (1)DateTotal Indebtedness
FIXED RATE DEBT:
Unsecured fixed rate debt
Term Loan Facility - $350,000 (2)$350,000  2.36 %12/12/236.56 %
Term Loan Facility - $300,000 (3)300,000  3.86 %7/26/245.63 %
TOTAL UNSECURED FIXED RATE DEBT650,000  3.05 %12.19 %
Unsecured Notes
2022 Brixmor OP Notes (4)150,000  2.16 %2/1/222.81 %
3.88%, 2022 Brixmor OP Notes317,521  3.88 %8/15/225.96 %
3.25%, 2023 Brixmor OP Notes500,000  3.25 %9/15/239.38 %
3.65%, 2024 Brixmor OP Notes500,000  3.65 %6/15/249.38 %
3.85%, 2025 Brixmor OP Notes700,000  3.85 %2/1/2513.13 %
4.13%, 2026 Brixmor OP Notes600,000  4.13 %6/15/2611.25 %
7.97%, 2026 Brixmor LLC Notes 694  7.97 %8/14/260.01 %
7.65%, 2026 Brixmor LLC Notes 6,100  7.65 %11/2/260.12 %
7.68%, 2026 Brixmor LLC Notes I 748  7.68 %11/2/260.01 %
3.90%, 2027 Brixmor OP Notes400,000  3.90 %3/15/277.50 %
6.90%, 2028 Brixmor LLC Notes I2,222  6.90 %2/15/280.04 %
6.90%, 2028 Brixmor LLC Notes II5,486  6.90 %2/15/280.10 %
4.13%, 2029 Brixmor OP Notes750,000  4.13 %5/15/2914.07 %
7.50%, 2029 Brixmor LLC Notes 3,203  7.50 %7/30/290.06 %
4.05%, 2030 Brixmor OP Notes500,000  4.05 %7/1/309.38 %
TOTAL FIXED RATE UNSECURED NOTES4,435,974  3.83 %83.20 %
TOTAL FIXED RATE DEBT$5,085,974  3.73 %95.39 %
UNSECURED VARIABLE RATE DEBT:
Revolving Credit Facility (LIBOR + 110 basis points)$145,500  1.28 %2/28/232.73 %
2022 Brixmor OP Notes (LIBOR + 105 basis points)100,000  1.74 %2/1/221.88 %
TOTAL UNSECURED VARIABLE RATE DEBT245,500  1.47 %4.61 %
TOTAL VARIABLE RATE DEBT$245,500  1.47 %4.61 %
TOTAL DEBT OBLIGATIONS$5,331,474  3.63 %100.00 %
Net unamortized premium10,240  
Deferred financing costs (34,187) 
DEBT OBLIGATIONS, NET$5,307,527  
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective November 1, 2016, the Term Loan Facility - $350,000 is swapped from one-month LIBOR to a fixed rate of 1.113% (plus a spread of 125 basis points) through July 30, 2021.
(3) Effective January 2, 2019, the Term Loan Facility - $300,000 is swapped from one-month LIBOR to a fixed, combined rate of 2.611% (plus a spread of 125 basis points) through July 26, 2024.
(4) Effective November 1, 2016, $150,000 of the 2022 Brixmor OP Notes is swapped from three-month LIBOR to a fixed rate of 1.113% (plus a spread of 105 basis points) through July 30, 2021.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 16
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COVENANT DISCLOSURE
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants6/30/20
I. Aggregate debt test < 65%49.7 %
Total Debt5,307,527  
Total Assets10,687,367  
II. Secured debt test (1)< 40%N/A
Total Secured Debt (1)—  
Total Assets10,687,367  
III. Unencumbered asset ratio > 150%201.4 %
Total Unencumbered Assets10,687,367  
Unsecured Debt5,307,527  
Prior Twelve MonthsPrior Six Months, Annualized
IV. Debt service test (2) > 1.5x3.7x  3.5x  
Consolidated EBITDA732,574  691,370  
Annual Debt Service Charge200,118  200,018  
(1) The Company had no secured debt as of June 30, 2020.
(2) For the OP's 4.050%, 2030 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 June 8, 2020 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure (1)
Covenants6/30/20
 I. Leverage ratio < 60% 40.8 %
Total Outstanding Indebtedness5,331,474  
Balance Sheet Cash (2)321,147  
Total Asset Value12,288,633  
II. Secured leverage ratio (3)< 40%N/A
Total Secured Indebtedness (3)—  
Balance Sheet Cash (2)321,147  
Total Asset Value12,288,633  
III. Unsecured leverage ratio < 60% 40.8 %
Total Unsecured Indebtedness5,331,474  
Unrestricted Cash (4)319,696  
Unencumbered Asset Value12,288,633  
IV. Fixed charge coverage ratio > 1.5x 4.0x  
Total Net Operating Income798,176  
Capital Expenditure Reserve10,491  
Fixed Charges197,141  
(1) On April 29, 2020, the OP amended its senior unsecured credit facilities, changing the covenant calculation reference period to the most recent twelve months for which it reported financial results from the most recent six months for which it reported financial results, annualized.
(2) Balance Sheet Cash consists of Cash and cash equivalents, Restricted cash and certain Marketable securities.
(3) The Company had no secured indebtedness as of June 30, 2020.
(4) Unrestricted Cash consists of 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 Amendment No. 1 to the Second Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 29, 2020 filed as Exhibit 10.1 to Form 8-K, filed with the Securities and Exchange Commission on May 1, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 17
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>INVESTMENT SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2020





ACQUISITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Purchase Date
Purchase Price
GLA / Acres
Percent Leased
ABR PSF (1)Major Tenants (2)
Three Months Ended March 31, 2020
Land adjacent to Shops at Palm LakesMiami-Fort Lauderdale-West Palm Beach, FL2/26/20$2,000  1.2 acres
-
-
-
$2,000  1.2 acres
TOTAL - SIX MONTHS ENDED JUNE 30, 2020$2,000  1.2 acres
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.



Supplemental Disclosure - Three Months Ended June 30, 2020
Page 19
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DISPOSITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Sale Date
Sale Price
GLA
Percent Leased
ABR PSF (1)
Major Tenants (2)
Three Months Ended March 31, 2020
Mohawk Acres PlazaUtica-Rome, NY2/3/20$9,450  156,680  81.8 %$22.01  Price Chopper, Family Dollar
Valley View PlazaMarion, IN2/7/203,200  29,974  79.0 %14.91  Aaron's
Lakes Crossing - Chick-fil-A Outparcel (3)Muskegon, MI2/25/201,300  4,990  100.0 %17.03  -
Stone Mill PlazaLancaster, PA3/13/2016,650  106,736  88.5 %13.13  Giant Food (Ahold Delhaize)
Southland Shopping Center - BJ's Wholesale Club (3)Cleveland-Elyria, OH3/27/2011,200  109,309  100.0 %10.49  BJ's Wholesale Club
$41,800  407,689  
Three Months Ended June 30, 2020
Karam Shopping CenterLafayette, LA4/13/20$3,150  100,120  88.4 %$3.57  Super 1 Foods, dd's Discounts (Ross)
Skyway PlazaTampa-St. Petersburg-Clearwater, FL5/15/202,800  110,799  44.7 %11.43  Advantage Village Academy, Dollar Tree
$5,950  210,919  
TOTAL - SIX MONTHS ENDED JUNE 30, 2020$47,750  618,608  
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.
(3) Represents partial sale of property. Data presented reflects only the portion of property sold.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 20
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ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
Property Name
MSA
Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2020
 Market CentreElkhart-Goshen, INRemerchandise former Sam's Club with a 40K SF Burlington Stores and a 23K SF Ross Dress for Less
 Lynn MarketplaceBoston-Cambridge-Newton, MA-NHRemerchandise former Shaw’s with a 23K SF Stop and Compare grocer, a 22K SF junior anchor and a 3K SF small shop space
In Process Projects
 Springdale - Phase IIIMobile, ALRemerchandise former Burlington Stores (relocated within center) with a 46K SF Conn's HomePlus and additional retailers
 Gateway Plaza - VallejoVallejo-Fairfield, CARemerchandise former Toys"R"Us with a 45K SF LA Fitness
 Aurora PlazaDenver-Aurora-Lakewood, COCombine former Gen-X and Techno Rescue for 48K SF Chuze Fitness
 East Port PlazaPort St. Lucie, FLRemerchandise remaining 51K SF portion of the former Kmart with Urban Air Adventure Park
 Coastal Way - Coastal LandingTampa-St. Petersburg-Clearwater, FLRemerchandise former hhgregg with a 22K SF HomeGoods
 Annex of ArlingtonChicago-Naperville-Elgin, IL-IN-WIRelocate and expand Binny’s Beverage Depot to 34K SF, replacing a former hhgregg and remerchandise former Binny’s Beverage Depot with additional retailers
 Southfield PlazaChicago-Naperville-Elgin, IL-IN-WIRelocate 2K SF H&R block within center to accommodate combining former Payless ShoeSource, Rent-A-Center and additional small shop space for an 18K SF Planet Fitness
10  Wendover PlaceGreensboro-High Point, NCRemerchandise former Babies"R"Us with a 44K SF Burlington Stores
11  Suffolk PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former A&P with two junior anchors
12  Florence Plaza - Florence Square - Project ICincinnati, OH-KY-INRightsize existing T.J.Maxx / HomeGoods combo store to 48K SF to accommodate an additional junior anchor
13  Park Hills PlazaAltoona, PARemerchandise former Toys"R"Us with a 33K SF Burlington Stores
14  Dickson City CrossingsScranton--Wilkes-Barre--Hazleton, PARemerchandise former Dick's Sporting Goods with a 41K SF Burlington Stores and an additional junior anchor
15  Crossroads Centre - PasadenaHouston-The Woodlands-Sugar Land, TXRemerchandise and expand former Sears Outlet with a 34K SF LA Fitness and additional small shop space
16  MaplewoodHouston-The Woodlands-Sugar Land, TXRelocate and expand Burke’s Outlet to 21K SF, combining underutilized small shop space
17  Windvale CenterHouston-The Woodlands-Sugar Land, TXRemerchandise former Randalls with a 57K SF Star Cinema Grill
Number of ProjectsNet Estimated Costs (1)Gross Costs to DateExpected NOI Yield (1)
Total In Process17  $85,850  $36,900  9% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During The Three Months Ended June, 30,2020
 Parkway PlazaWinston-Salem, NCRemerchandise former Fallas with a 17K SF Badcock Home Furniture
Projects Stabilized During The Three Months Ended March 31, 2020
 Briggsmore PlazaModesto, CARemerchandise former Fallas with a 19K SF dd's Discounts (Ross Dress for Less)
 Westridge Court - Project IChicago-Naperville-Elgin, IL-IN-WIRemerchandise former Shoe Carnival and adjacent small shop space with an 18K SF Cost Plus World Market and remerchandise former 2nd and Charles space with a 29K SF Bed Bath & Beyond
 Cayuga MallIthaca, NYRemerchandise former T.J.Maxx with a 20K SF Planet Fitness and a 10K SF Dollar Tree and renovation of existing Big Lots in conjunction with store remodel
 Falcaro's PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former OfficeMax and adjacent small shop space with a 20K SF Planet Fitness and an 11K SF Dollar Tree
 Florence Plaza - Florence Square - Project IICincinnati, OH-KY-INRemerchandise former hhgregg with a 31K SF Bob’s Furniture and a 27K SF Ross Dress for Less
 Ridgeview CentreBig Stone Gap, VARemerchandise remaining former Kmart space with a 20K SF Marshalls
Number of Projects
Net Project
Costs (1)
NOI Yield (1)
Total Stabilized $19,450  11 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
Due to COVID-19, there is inherent uncertainty as it relates to the Company's anchor space repositioning projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
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, 2019.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 21
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OUTPARCEL DEVELOPMENT SUMMARY
Dollars in thousands
 Net
 Gross
Stabilization
 Estimated
 Costs
Expected
Property Name
MSA
Project Description
Quarter
 Costs (1)
 to Date
NOI Yield (1)
IN PROCESS OUTPARCEL DEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2020
1Island PlazaCharleston-North Charleston, SCConstruction of a 3K SF Autobell Car WashDec-20$100  $100  129%
In Process Projects
2Brunswick Town CenterCleveland-Elyria, OHConstruction of a 5K SF Chick-fil-ADec-20850  600  12%
3Westwind PlazaMinneapolis-St. Paul-Bloomington, MN-WIConstruction of a 4K SF ChaseMar-211,100  700  13%
4Hamilton PlazaTrenton, NJConstruction of a 6K SF multi-tenant outparcel, including a 2K SF StarbucksMar-212,750  2,350  9%
5Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 5K SF multi-tenant outparcel, including a 3K SF Shake ShackMar-212,850  2,700  15%
6Rockland PlazaNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 5K SF multi-tenant outparcel, including a 3K SF Shake Shack and a 2K SF ChipotleMar-214,450  3,600  8%
7Tuckernuck SquareRichmond, VAConstruction of a 2K SF StarbucksMar-211,450  250  8%
8Arapahoe CrossingDenver-Aurora-Lakewood, COConstruction of a 4K SF Bank of AmericaJun-21400  400  49%
9Market CentreElkhart-Goshen, INConstruction of a 10K SF multi-tenant outparcel, including a 5K SF Panera, a 2K SF GNC and a 1K SF Cricket WirelessJun-213,050  2,650  9%
10Westgate PlazaSpringfield, MAConstruction of a 20K SF Aldi endcapJun-211,350  150  9%
11Southport Centre I - VIMinneapolis-St. Paul-Bloomington, MN-WIDemolition of former Bakers Square for construction of a 5K SF PaneraJun-21550  150  3%
12Park Hills PlazaAltoona, PAConstruction of a 10K SF multi-tenant outparcel, including a 3K SF Sleep Number, a 2K SF Kay Jewelers, a 2K SF Starbucks and a 1K SF Sports ClipsJun-213,900  3,800  9%
13Whitemarsh Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDConstruction of a 9K SF multi-tenant outparcel, including a 3K SF American Family Care and a 3K SF Orangetheory FitnessJun-214,650  2,850  9%
14The Commons at WolfcreekMemphis, TN-MS-ARRelocation of Chick-fil-A to an existing 4K SF outparcel to accommodate construction of a multi-tenant outparcel including a 4K SF Aspen Dental and a 3K SF Sleep NumberDec-212,800  500  21%
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$30,250  $20,800  11%
Stabilization
Net Project
Property Name
MSA
Project Description
Quarter
 Costs (1,2)NOI Yield (1,2)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During The Three Months Ended June 30, 2020
1Western VillageCincinnati, OH-KY-INConstruction of a 4K SF Bank of AmericaJun-20$250  43%
2Hunting HillsRoanoke, VAConstruction of a 2K SF Valvoline Instant Oil ChangeJun-20200  37%
Projects Stabilized During The Three Months Ended March 31, 2020
3Delta CenterLansing-East Lansing, MIConstruction of a 2K SF ChipotleMar-201,200  8%
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$1,650  17%
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's outparcel development projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
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 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, 2019.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 22
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REDEVELOPMENT SUMMARY
Dollars in thousands
Net
Gross
Expected
Property
Stabilization
Estimated
Costs
NOI
Property Name
MSA
Project Description
Acreage
Quarter
Costs (1)
to Date
Yield (1)
IN PROCESS REDEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2020
 Venice VillageNorth Port-Sarasota-Bradenton, FLDemolish and rebuild 30-year old 42K SF Publix with a 48K SF Publix prototype; right-size small shop GLA by 3K SF; shopping center upgrades include façade, landscaping and parking enhancements; and sustainable features including LED Lighting18Mar-22$9,500  $750  10 %
 Wynnewood Village - Phase IIIDallas-Fort Worth-Arlington, TXRelocation and expansion of existing Gambro Healthcare to 14K SF and Mi Doctor to 12K SF; remerchandise existing space with a 15K SF Kid's Empire and a 12K SF Five Below; and shopping center upgrades including façade renovations and parking enhancements65Jun-227,450  750  %
In Process Projects
 Seminole PlazaTampa-St. Petersburg-Clearwater, FLRedevelopment and rightsize existing Burlington Stores to 54K SF to accommodate addition of a 33K SF Sprouts Farmers Market; remerchandise additional small shop space with relevant retailers; and shopping center upgrades including façade renovations, parking lot enhancements and pylon sign upgrades12Sep-209,700  6,300  %
 Maple Village - Phase IIAnn Arbor, MIConstruction of a 34K SF LA Fitness and a 4K SF endcap; addition of an 8K SF Five Below, an 8K SF Kirkland’s, a 5K SF Sola Salon and a 5K SF Carter’s; and shopping center upgrades including façade renovations and common area enhancements31Sep-2016,350  15,100  %
 Mamaroneck CentreNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former A&P with a 12K SF CVS and a 13K SF North Shore Farms; demolish adjacent 5K SF residential building (acquired in anticipation of redevelopment) to accommodate construction of 12K SF of small shop retail including a 3K SF Orangetheory Fitness and a 1K SF Duck Donuts; and shopping center upgrades including landscaping, storm water and parking enhancements and LED lighting2Dec-2012,750  11,700  10 %
 Collegeville Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDAddition of a 15K SF Kimberton Whole Foods organic grocer; remerchandise 29K SF of underutilized space with new relevant retailers; and shopping center upgrades including façade renovations, LED lighting, new pylon signage and new landscaping14Mar-214,950  3,100  14 %
 Wynnewood Village - Phase IDallas-Fort Worth-Arlington, TXRaze existing 24K SF office building and relocate / terminate existing shops; ground up construction of a 73K SF Maya Cinemas and a 34K SF LA Fitness65Mar-2121,300  16,100  %
 Braes HeightsHouston-The Woodlands-Sugar Land, TXExpansion of existing My Salon Suite to 14K SF; remerchandise shopping center with new relevant retailers; shopping center upgrades including full center façade renovation, parking reconfiguration, pylon sign improvements and new landscaping6Jun-216,450  5,950  %
 Jester VillageHouston-The Woodlands-Sugar Land, TXRecapture and redevelopment of former H-E-B and adjacent junior anchor vacancy with a 37K SF fitness use tenant and additional retailers; and shopping center upgrades including façade and parking lot renovations5Jun-219,400  7,350  %
10  Cudahy PlazaLos Angeles-Long Beach-Anaheim, CARedevelopment of former Kmart with a 40K SF Chuze Fitness, a 25K SF Burlington Stores, and additional retailers; and shopping center upgrades including façade renovations and new pylon signage9Sep-2116,850  12,050  %
11  Roseville CenterMinneapolis-St. Paul-Bloomington, MN-WIDemolish 26K SF of retail space to accommodate a 22K SF ALDI; reconfigure remaining underutilized small shop space; and shopping center upgrades including façade renovations, parking lot reconfiguration and common area enhancements6Sep-216,850  6,300  %
12  Laurel SquareNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former Pathmark to accommodate a 30K SF Corrado’s Market and additional retail space; combine small shop spaces for a 10K SF Dollar Tree; upgrade and remerchandise existing outparcel building; and shopping center upgrades including façade renovations, parking lot enhancements and pylon sign upgrades31Sep-2112,550  2,250  10 %
13  Western Hills PlazaCincinnati, OH-KY-INDemolish former Sears to accommodate construction of a 15K SF Old Navy, an 11K SF Ulta, a 4K SF Spectrum and additional retailers; construction of a multi-tenant outparcel building; and shopping center upgrades including façade renovations, new pylon signage, landscaping and parking enhancements33Sep-2114,200  4,950  11 %
14  Speedway Super Center - Phase IIIndianapolis-Carmel-Anderson, INRedevelopment and rightsize existing Kohl's to 60K SF to accommodate additional retailers; combine small shop spaces for a 12K SF Department of Motor Vehicles; and shopping center upgrades including façade renovations and parking lot and lighting enhancements66Dec-217,900  3,500  10 %
15  Collegetown Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of former Kmart with a 40K SF Big Lots, a 25K SF LIDL and an additional junior anchor; construction of multiple outparcel buildings; and shopping center upgrades including façade renovations, parking reconfiguration, and pylon sign and lighting enhancements23Dec-2115,600  5,400  %
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 23
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REDEVELOPMENT SUMMARY
Dollars in thousands
Net
Gross
Expected
Property
Stabilization
Estimated
Costs
NOI
Property Name
MSA
Project Description
Acreage
Quarter
Costs (1)
to Date
Yield (1)
16  Village at NewtownPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDExpansion and renovation of center including 60K SF of new construction, including 10K SF Ulta; remerchandise existing small shop retail; and shopping center upgrades including façade, common areas and infrastructure enhancements30Dec-2139,150  33,400  %
17  Jones PlazaHouston-The Woodlands-Sugar Land, TXRelocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Meat Market grocer; and shopping center upgrades including façade renovations9Dec-212,400  50  12 %
18  Westminster City CenterDenver-Aurora-Lakewood, CORelocation and expansion of existing Golf Galaxy to 43K SF in former Babies"R"Us location; backfill of former Golf Galaxy with an entertainment user; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; redevelopment of former Gordmans with junior anchor retailers; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel27Mar-2211,200  2,100  %
19  Marco Town CenterNaples-Immokalee-Marco Island, FLRemerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and signage enhancements, parking lot reconfiguration and common area improvements including addition of outdoor dining patios and gathering areas10Mar-229,950  3,950  10 %
20  Pointe Orlando - Phase IOrlando-Kissimmee-Sanford, FLRemerchandise existing small shop retail with relevant retailers including an 11K SF Hampton Social and a 4K SF Hopdoddy Burger Bar; 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 plazas17Mar-2231,900  12,900  %
21  Village at Mira Mesa - Phase IISan Diego-Carlsbad, CARaze existing Firestone and 16K SF of outparcel buildings to accommodate construction of three retail and restaurant outparcels totaling 24K SF, including a 4K SF Mo-Mo-Paradise, a 4K SF Time Warner, a 2K SF Sunmerry Bakery, and additional small shop space36Sep-2210,400  3,900  %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$276,800  $157,850  %
Property
Stabilization
Net Project
NOI
Property Name
MSA
Project Description
Acreage
Quarter
 Costs (1,2)Yield (1,2)
STABILIZED REDEVELOPMENTS
Projects Stabilized During The Three Months Ended March 31, 2020
1Beneva Village Shoppes (3)North Port-Sarasota-Bradenton, FLDemolish and rebuild 30-year old 42K SF Publix with a 46K SF Publix prototype and new endcap space next to Publix; right-size small shop GLA by 6K SF; shopping center upgrades include façade, landscaping and parking enhancements; and sustainable features including smart irrigation and LED Lighting14Mar-20$10,500  10 %
2Roosevelt Mall (4)Philadelphia-Camden-Wilmington, PA-NJ-DE-MDDemolish 13K SF of retail space to accommodate construction of a 34K SF LA Fitness and combine small shop spaces for an 11K SF Oak Street Health36Mar-2010,100  %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$20,600  %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(3) Net estimated costs exclude $1.4 million of project specific credits (lease termination fees or other ancillary credits).
(4) Net estimated costs exclude $0.5 million of project specific credits (lease termination fees or other ancillary credits).
Due to COVID-19, there is inherent uncertainty as it relates to the Company's redevelopment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
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 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, 2019.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 24
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FUTURE REDEVELOPMENT OPPORTUNITIES
Property NameMSAProject Description
MAJOR REDEVELOPMENTS
 University MallSacramento--Roseville--Arden-Arcade, CAExtensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
 Village at Mira Mesa - Phase IIISan Diego-Carlsbad, CARedevelopment of existing anchor space for multiple retailers and potential residential rental component
 Superior MarketplaceBoulder, CORedevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family or hospitality users
 Mall at 163rd StreetMiami-Fort Lauderdale-West Palm Beach, FLExtensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
 Shops at Palm LakesMiami-Fort Lauderdale-West Palm Beach, FLRedevelopment of existing anchor space for multiple retailers and/or entertainment users, potential outparcel development
 Pointe Orlando - Phase IIOrlando-Kissimmee-Sanford, FLRedevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
 Arborland CenterAnn Arbor, MIRedevelopment and repositioning of shopping center, densification of site
 Richfield HubMinneapolis-St. Paul-Bloomington, MN-WIRedevelopment and repositioning of shopping center, densification of site
 Kings Park PlazaNew York-Newark-Jersey City, NY-NJ-PARedevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
10  Stewart PlazaNew York-Newark-Jersey City, NY-NJ-PAReconfigure existing anchor space and remerchandise with multiple retailers
11  Three Village Shopping CenterNew York-Newark-Jersey City, NY-NJ-PARedevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
12  Plymouth Square Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment and remerchandising of shopping center, reconfigure and repurpose underutilized space with office users
13  Roosevelt Mall - Future PhasesPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDExtensive repositioning and reconfiguration, densification of site
14  Market PlazaDallas-Fort Worth-Arlington, TXExtensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
15  Preston Park VillageDallas-Fort Worth-Arlington, TXRepurpose, assemble and reposition for national retail merchandise mix, densification of site, enhancement of common areas
16  Wynnewood Village - Future PhasesDallas-Fort Worth-Arlington, TXRedevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
 Springdale - Phase IVMobile, ALDensification of site, including a multi-tenant outparcel development
 Upland Town SquareRiverside-San Bernardino-Ontario, CADensification of site, including outparcel development
 Venetian Isle Shopping CenterMiami-Fort Lauderdale-West Palm Beach, FLRedevelopment of existing anchor space for new anchor prototype, potential outparcel development
 Freedom SquareNaples-Immokalee-Marco Island, FLRedevelopment of existing anchor space for multiple retailers and/or entertainment users
 Venice Shopping CenterNorth Port-Sarasota-Bradenton, FLRedevelopment of existing anchor space for new anchor prototype, potential outparcel development
 Downtown PublixPort St. Lucie, FLDensification of site, including outparcel development
 East Port PlazaPort St. Lucie, FLRedevelopment of existing anchor space for new anchor prototype
 Dolphin VillageTampa-St. Petersburg-Clearwater, FLRemerchandise with experiential retailers, addition of a new anchor prototype, reconfiguration of space for junior anchors, outparcel development
 Mansell CrossingAtlanta-Sandy Springs-Roswell, GADensification of site, including multi-tenant outparcel development
10  The Village at MabletonAtlanta-Sandy Springs-Roswell, GARedevelopment of existing anchor space for multiple retailers
11  Tinley Park PlazaChicago-Naperville-Elgin, IL-IN-WIReconfiguration of existing footprint for multiple retailers and/or entertainment users, outparcel development
12  Westridge CourtChicago-Naperville-Elgin, IL-IN-WIRedevelopment of existing anchor space, adjacent retail space, densification of site and façade renovation
13  Capitol Shopping CenterConcord, NHRedevelopment of existing anchor space for multiple retailers
14  College PlazaNew York-Newark-Jersey City, NY-NJ-PADensification of site, including one or more multi-tenant outparcel developments
15  Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PARemerchandise with relevant uses, façade renovation and enhancement of common areas
16  Old Bridge GatewayNew York-Newark-Jersey City, NY-NJ-PADensification of site, including outparcel development
17  Bristol ParkPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of existing anchor spaces for multiple retailers, potential outparcel development, enhancement of common areas
18  Hillcrest Market PlaceSpartanburg, SCRedevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas
19  Kessler PlazaDallas-Fort Worth-Arlington, TXRemerchandise former discount grocer with multiple retailers and potential multiple use redevelopment
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, 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, 2019.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 25
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>PORTFOLIO SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2020




PORTFOLIO OVERVIEW
Dollars in thousands, except per square foot amounts


As of:
6/30/203/31/2012/31/199/30/196/30/19
Number of properties398  400  403  409  421  
GLA69,942,365  70,142,984  70,630,803  71,540,493  73,280,766  
Percent billed88.9%89.1%89.3%88.6%87.5%
Percent leased92.1%92.2%92.4%91.9%91.5%
TOTAL ≥ 10,000 SF95.1%95.4%95.2%94.7%94.2%
TOTAL < 10,000 SF85.2%85.1%86.2%85.6%85.3%
ABR$           892,337  $           894,355  $           895,964  $           892,997  $           894,735  
ABR PSF$               14.83  $               14.80  $               14.74  $               14.59  $               14.39  
PORTFOLIO BY UNIT SIZE AS OF 6/30/20
Number of
Units
GLAPercent of GLAPercent BilledPercent Leased ABRABR PSF
≥ 35,000 SF449  26,267,388  37.6%93.6%96.4%$           228,617  $               10.34  
20,000 - 34,999 SF513  13,504,962  19.3%89.9%94.0%138,162  11.00  
10,000 - 19,999 SF629  8,654,471  12.4%90.0%92.8%112,708  14.38  
5,000 - 9,999 SF1,160  8,000,465  11.4%82.4%85.8%120,219  18.29  
< 5,000 SF6,394  13,515,079  19.3%82.0%84.8%292,631  26.41  
TOTAL9,145  69,942,365  100.0%88.9%92.1%$           892,337  $               14.83  
TOTAL ≥ 10,000 SF1,591  48,426,821  69.3%91.9%95.1%$           479,487  $               11.28  
TOTAL < 10,000 SF7,554  21,515,544  30.7%82.1%85.2%412,850  23.39  
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 27
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PORTFOLIO COMPOSITION
ESSENTIAL, HYBRID AND OTHER RETAIL / SERVICES
Percent of Portfolio Leased GLA
chart-c4988875f53141431.jpg

NATIONAL / REGIONAL AND LOCAL TENANTS (1)
Percent of Portfolio Leased GLA

chart-9fe64c29cfbf48401.jpg



ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA
chart-50c5043d11364d061.jpg

(1) Franchise locations are categorized as National / Regional.

Percent of Portfolio ABR
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Percent of Portfolio ABR
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Percent of Portfolio ABR

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Definitions
Essential:Businesses deemed necessary for day-to-day living
Examples: Grocery, pharmacy, general merchandise (discount)
Hybrid:Businesses deemed necessary for day-to-day living, but operating in a moderated capacity, and businesses deemed necessary for day-to-day living in many, but not all jurisdictions
Examples: Restaurants, medical offices, electronics
Other Retail / Services:Businesses deemed non-essential for day-to-day living
Examples: Apparel, fitness, entertainment
Definitions
National /
Regional:
Multi-state operators or single-state operators with 20 or more locations; state agencies and government offices
Local:Single-state operators with fewer than 20 locations


76.9% of 2Q20 billed base rent collected for National / Regional tenants and 75.6% of 2Q20 billed base rent collected for Local tenants as of 7/29/20

76.4% of 2Q20 billed base rent collected for Anchor tenants and 76.9% of 2Q20 billed base rent collected for Small Shop tenants as of 7/29/20
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 28
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MERCHANDISE MIX COMPOSITION
Dollars in thousands
Essential = 33% of ABRHybrid = 24% of ABROther Retail / Services = 43% of ABR
Essential / Hybrid = 57% of ABR
~70% of shopping centers are grocery-anchored
As of 7/29/20
Merchandise Mix ABRPercent of ABRPercent of April
Billed Base Rent
Collected
Percent of May
Billed Base Rent
Collected
Percent of June
Billed Base Rent
Collected
Percent of 2Q20
Billed Base Rent
Collected
Percent of July
Billed Base Rent
Collected
ESSENTIAL$295,176  33 %98.5 %97.9 %97.8 %98.1 %97.2 %
Grocery / Pharmacy142,218  16 %99.7 %99.7 %99.3 %99.6 %99.4 %
General Merchandise (Discount / Dollar)33,376  %99.4 %98.9 %98.7 %99.0 %98.1 %
Financial Services24,722  %99.7 %99.3 %98.9 %99.3 %98.6 %
Pet23,720  %98.1 %95.9 %96.6 %96.9 %97.1 %
Medical (Essential)19,175  %95.8 %95.6 %96.3 %95.9 %92.3 %
Home Improvement14,766  %91.3 %90.9 %90.7 %91.0 %98.4 %
Mail / Shipping and Other Services14,407  %91.4 %86.2 %86.6 %88.1 %73.9 %
Other Essential13,254  %99.2 %99.3 %99.1 %99.2 %96.9 %
Auto9,538  %99.9 %99.9 %99.9 %99.9 %99.9 %
HYBRID$223,867  24 %80.0 %77.3 %76.8 %78.0 %78.7 %
Restaurants129,309  14 %75.0 %70.6 %71.4 %72.3 %72.5 %
Electronics & Appliance30,996  %93.1 %92.0 %94.1 %93.0 %90.6 %
Medical (Hybrid)21,938  %82.3 %79.3 %79.0 %80.2 %82.8 %
Hobby & Crafts17,886  %78.5 %79.4 %66.7 %75.0 %74.6 %
Liquor9,512  %99.4 %98.7 %98.7 %98.9 %95.6 %
Other Hybrid Services7,991  %99.0 %98.8 %96.7 %98.2 %96.7 %
Other Hybrid Retail6,235  %60.5 %69.6 %66.6 %65.6 %96.8 %
OTHER RETAIL / SERVICES$373,294  43 %66.0 %49.9 %58.4 %58.1 %66.0 %
Other Services60,755  %76.1 %69.3 %74.4 %73.3 %75.7 %
Off-Price Apparel60,287  %89.2 %38.6 %60.8 %62.8 %62.5 %
Value Apparel, Shoes, Accessories47,946  %52.0 %46.3 %53.0 %50.4 %64.3 %
Fitness / Sports47,434  %45.9 %26.5 %27.4 %33.2 %38.5 %
Home Décor41,511  %61.6 %52.4 %67.9 %60.6 %72.6 %
Other Retail35,523  %53.8 %48.0 %53.1 %51.6 %79.0 %
General Merchandise (Department, Gift, etc.)33,239  %82.1 %64.6 %75.0 %73.9 %85.4 %
Health & Beauty23,841  %80.2 %77.9 %82.1 %80.1 %85.1 %
Entertainment22,758  %31.0 %24.4 %18.5 %24.6 %22.6 %
TOTAL$892,337  100 %80.5 %73.0 %76.3 %76.6 %79.7 %
Rent deferrals and abatements9.8 %4.2 %
Total addressed billed base rent86.4 %83.9 %
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 29
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TOP FORTY RETAILERS RANKED BY ABR
Dollars in thousands, except per square foot amounts
RetailerOwned Leases (1)Leased GLAPercent of GLAABRPercent of ABR ABR PSF
 The TJX Companies, Inc. (2)86  2,612,714  3.7 %$30,511  3.4 %$11.68  
 The Kroger Co. (3)50  3,323,325  4.8 %24,970  2.8 %7.51  
 Dollar Tree Stores, Inc. (4)123  1,426,351  2.0 %15,731  1.8 %11.03  
 Burlington Stores, Inc.26  1,360,689  1.9 %14,066  1.6 %10.34  
 Publix Super Markets, Inc.29  1,285,410  1.8 %12,220  1.4 %9.51  
 Ahold Delhaize (5)21  1,127,311  1.6 %11,793  1.3 %10.46  
 Ross Stores, Inc (6)36  972,892  1.4 %11,764  1.3 %12.09  
 L.A Fitness International, LLC15  618,290  0.9 %11,298  1.3 %18.27  
 Albertson's Companies, Inc (7)15  850,605  1.2 %10,155  1.1 %11.94  
10  Bed Bath & Beyond, Inc. (8)30  777,992  1.1 %9,640  1.1 %12.39  
431  14,355,579  20.4 %152,148  17.1 %10.60  
11  PetSmart, Inc.26  587,388  0.8 %8,742  1.0 %14.88  
12  Big Lots, Inc.35  1,150,510  1.6 %7,945  0.9 %6.91  
13  PETCO Animal Supplies, Inc. (9)32  434,440  0.6 %7,740  0.9 %17.82  
14  Kohl's Corporation12  914,585  1.3 %7,253  0.8 %7.93  
15  Wal-Mart Stores, Inc. (10)15  1,759,473  2.5 %6,837  0.8 %3.89  
16  Best Buy Co., Inc.13  537,660  0.8 %6,828  0.8 %12.70  
17  Ulta Beauty, Inc.26  295,708  0.4 %6,827  0.8 %23.09  
18  Party City Holdco Inc.34  482,332  0.7 %6,767  0.8 %14.03  
19  The Michaels Companies, Inc.24  541,541  0.8 %6,607  0.7 %12.20  
20  Office Depot, Inc. (11)25  546,066  0.8 %6,075  0.7 %11.13  
673  21,605,282  30.7 %223,769  25.3 %10.36  
21  Staples, Inc.23  476,075  0.7 %5,987  0.7 %12.58  
22  Five Below, Inc.34  296,856  0.4 %5,663  0.6 %19.08  
23  DICK's Sporting Goods, Inc. (12)11  401,374  0.6 %5,464  0.6 %13.61  
24  Hobby Lobby Stores, Inc.14  783,743  1.1 %5,258  0.6 %6.71  
25  CVS Health16  231,799  0.3 %4,972  0.6 %21.45  
26  JOANN Stores, Inc.21  415,255  0.6 %4,776  0.5 %11.50  
27  The Home Depot, Inc. 556,632  0.8 %4,628  0.5 %8.31  
28  Southeastern Grocers (13)12  568,562  0.8 %4,546  0.5 %8.00  
29  Designer Brands Inc. (DSW)14  268,691  0.4 %4,450  0.5 %16.56  
30  Gap, Inc. (14)14  235,422  0.3 %4,420  0.5 %18.77  
31  JP Morgan Chase & Co.28  101,550  0.1 %4,172  0.5 %41.08  
32  H.E. Butt Grocery Company (15) 268,380  0.4 %4,103  0.5 %15.29  
33  Sally Beauty Holdings, Inc. (16)94  168,305  0.2 %4,020  0.5 %23.89  
34  Giant Eagle, Inc 322,967  0.5 %3,956  0.4 %12.25  
35  Harbor Freight Tools22  387,185  0.6 %3,735  0.4 %9.65  
36  Barnes & Noble, Inc. 203,748  0.3 %3,690  0.4 %18.11  
37  Wakefern Food Corporation (17) 267,832  0.4 %3,575  0.4 %13.35  
38  AMC Entertainment 200,955  0.3 %3,541  0.4 %17.62  
39  Stein Mart, Inc.11  387,611  0.6 %3,512  0.4 %9.06  
40  Rainbow Shops34  252,722  0.4 %3,511  0.4 %13.89  
TOTAL TOP 40 RETAILERS1,053  28,400,946  40.5 %$311,748  35.2 %$10.98  
(1) Includes only locations which are owned or guaranteed by the parent company
(2) Includes T.J. Maxx-35, Marshalls-35, HomeGoods-14, HomeSense-1 and Sierra Trading Post-1.(7) Includes Vons-4, Acme-2, Albertsons-2, Jewel-Osco-2, Tom Thumb-2, Randalls-1,(11) Includes Office Depot-13 and OfficeMax-12.
(3) Includes Kroger-38, King Soopers-4, Harris Teeter-2, Ralphs-2, Dillons-1Shop & Save Market-1 and Star Market-1.(12) Includes DICK'S Sporting Goods-6 and Golf Galaxy-5.
Food 4 Less-1, Pay Less-1 and Pick 'N Save-1.(8) Includes Bed Bath & Beyond-16, Christmas Tree Shops-4, Cost Plus World Market-4,(13) Includes Winn-Dixie-6, BI-LO-3, Fresco y Más-1 and Harveys-2
(4) Includes Dollar Tree-106, Family Dollar-16 and Deal$-1.Harmon Face Values-4 and buybuy Baby-2.(14) Includes Old Navy-12, and Gap Factory-2.
(5) Includes Super Stop & Shop-7, Giant Food-5, Food Lion-4, Stop & Shop-2, Bottom Dollar Food-1,(9) Includes PETCO-31 and Unleashed-1.(15) Includes H-E-B-3 and Central Market-1.
Hannaford-1, and Tops Market-1(10) Includes Supercenters-9, Discount Stores-3, Walmart Neighborhood Market-2,(16) Includes Sally Beauty-86, Cosmoprof-7 and Macon Beauty Systems-1.
(6) Includes Ross Dress for Less-32 and dd's Discounts-4.and Sam's Club-1.(17) Includes ShopRite-3 and PriceRite-2.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 30
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NEW & RENEWAL LEASE SUMMARY
Dollars in thousands, except per square foot amounts

Tenant Improvements and Allowances PSFThird Party Leasing Commissions PSFWeighted 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 6/30/20283  1,841,519  $24,846  $13.49  $2.83  $1.01  6.0  235  1,534,332  $13.35  $12.54  6.5 %
Three months ended 3/31/20334  2,347,315  32,357  13.78  4.46  1.24  5.9  285  2,099,579  13.40  12.26  9.3 %
Three months ended 12/31/19397  2,681,748  38,012  14.17  8.20  1.75  6.2  319  2,168,484  13.84  12.48  10.9 %
Three months ended 9/30/19509  3,623,347  50,555  13.95  6.92  1.38  6.4  417  3,096,031  13.42  12.08  11.1 %
TOTAL - TWELVE MONTHS ENDED 6/30/201,523  10,493,929  $145,769  $13.89  $5.98  $1.38  6.2  1,256  8,898,426  $13.50  $12.30  9.8 %

NEW & RENEWAL LEASES ONLY
Three months ended 6/30/20241  1,275,855  $18,202  $14.27  $4.09  $1.45  6.4  193  968,668  $14.29  $13.49  5.9 %
Three months ended 3/31/20277  1,410,630  21,783  15.44  7.35  2.06  6.5  228  1,162,894  15.10  13.70  10.2 %
Three months ended 12/31/19351  1,699,302  29,219  17.19  12.89  2.76  7.0  273  1,186,038  17.90  15.85  12.9 %
Three months ended 9/30/19438  2,252,432  37,464  16.63  11.12  2.22  7.0  346  1,725,116  16.49  14.55  13.3 %
TOTAL - TWELVE MONTHS ENDED 6/30/201,307  6,638,219  $106,669  $16.07  $9.42  $2.18  6.8  1,040  5,042,716  $16.08  $14.46  11.2 %
NEW LEASES
Three months ended 6/30/2075  425,561  $5,848  $13.74  $11.04  $4.24  8.6  30  181,711  $13.98  $11.71  19.4 %
Three months ended 3/31/20103  586,654  9,294  15.84  16.48  4.83  9.1  54  338,918  14.95  12.09  23.7 %
Three months ended 12/31/19139  855,950  14,405  16.83  24.17  5.38  9.6  62  347,776  18.70  14.03  33.3 %
Three months ended 9/30/19160  948,964  14,833  15.63  23.97  5.07  9.4  71  433,903  13.98  10.71  30.5 %
TOTAL - TWELVE MONTHS ENDED 6/30/20477  2,817,129  $44,380  $15.75  $20.52  $4.99  9.3  217  1,302,308  $15.49  $12.10  28.0 %
RENEWAL LEASES
Three months ended 6/30/20166  850,294  $12,354  $14.53  $0.61  $0.06  5.3  163  786,957  $14.36  $13.90  3.3 %
Three months ended 3/31/20174  823,976  12,489  15.16  0.85  0.08  4.6  174  823,976  15.16  14.37  5.5 %
Three months ended 12/31/19212  843,352  14,814  17.57  1.43  0.11  4.4  211  838,262  17.56  16.60  5.8 %
Three months ended 9/30/19278  1,303,468  22,631  17.36  1.77  0.15  5.3  275  1,291,213  17.33  15.84  9.4 %
TOTAL - TWELVE MONTHS ENDED 6/30/20830  3,821,090  $62,288  $16.30  $1.24  $0.11  5.0  823  3,740,408  $16.28  $15.28  6.5 %
OPTION LEASES
Three months ended 6/30/2042  565,664  $6,644  $11.75  $—  $—  5.1  42  565,664  $11.75  $10.90  7.8 %
Three months ended 3/31/2057  936,685  10,573  11.29  0.11  —  5.0  57  936,685  11.29  10.47  7.8 %
Three months ended 12/31/1946  982,446  8,793  8.95  0.10  —  4.9  46  982,446  8.95  8.41  6.4 %
Three months ended 9/30/1971  1,370,915  13,091  9.55  —  —  5.3  71  1,370,915  9.55  8.97  6.5 %
TOTAL - TWELVE MONTHS ENDED 6/30/20216  3,855,710  $39,100  $10.14  $0.05  $—  5.1  216  3,855,710  $10.14  $9.48  7.0 %
LEASES BY ANCHOR AND SMALL SHOP
Three Months Ended 6/30/20Twelve Months Ended 6/30/20
% of Leases
% of GLA
% of ABR
New ABR PSF
Rent Spread (1)
% of Leases
% of GLA
% of ABR
New ABR PSF
Rent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases
16 %68 %42 %$8.40  4.1 %15 %67 %46 %$9.53  9.5 %
New & Renewal Leases Only
11 %60 %34 %8.13  1.5 %10 %53 %35 %10.48  13.5 %
New Leases
13 %56 %29 %7.06  14.4 %13 %56 %41 %11.36  51.1 %
Renewal Leases
10 %62 %37 %8.62  (1.3)%%51 %31 %9.77  2.0 %
Option Leases
43 %85 %64 %8.83  6.9 %44 %90 %76 %8.56  6.2 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases
84 %32 %58 %$24.16  8.5 %85 %33 %54 %$22.58  10.1 %
New & Renewal Leases Only
89 %40 %66 %23.54  8.3 %90 %47 %65 %22.43  10.1 %
New Leases
87 %44 %71 %22.40  22.6 %87 %44 %59 %21.41  16.0 %
Renewal Leases
90 %38 %63 %24.20  5.8 %91 %49 %69 %23.10  8.6 %
Option Leases
57 %15 %36 %27.78  9.2 %56 %10 %24 %23.72  9.9 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 31
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
Dollars in thousands, except per square foot amounts
NEW LEASE NET EFFECTIVE RENT
Twelve Months EndedThree Months Ended
6/30/206/30/203/31/2012/31/199/30/196/30/19
NEW LEASES
Weighted average over lease term:
Base rent$ 16.67$ 14.70$ 16.82$ 17.50$ 16.70$ 17.50
Tenant improvements and allowances(2.21)(1.32)(1.90)(2.56)(2.48)(2.66)
Third party leasing commissions(0.52)(0.44)(0.52)(0.55)(0.53)(0.49)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK13.9412.9414.3914.3913.6914.35
Tenant specific landlord work (1)(1.31)(0.74)(1.47)(1.71)(1.10)(0.75)
NET EFFECTIVE RENT$ 12.63$ 12.20$ 12.92$ 12.68$ 12.59$ 13.60
Net effective rent before tenant specific landlord work /
base rent84%88%86%82%82%82%
Net effective rent / base rent76%83%77%72%75%78%
Weighted average term (years)9.38.69.19.69.49.5
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF35%27%39%39%34%35%
< 10,000 SF65%73%61%61%66%65%
LEASES SIGNED BUT NOT YET COMMENCED
As of 6/30/20:LeasesGLAABRABR PSF
≥ 10,000 SF
631,822,490$ 20,590$ 11.30
< 10,000 SF
214730,26918,67425.57
TOTAL2772,552,759$ 39,264$ 15.38
(1) Represents base building costs funded through tenant allowances.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 32
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LEASE EXPIRATION SCHEDULE
ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number% of% ofABR PSFNumber% of% ofABR PSFNumber% of% ofABR PSF
ofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeat
LeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpiration
M-M344  990,870  1.5 %1.7 %$15.47  $15.47  17  240,142  0.5 %0.4 %$8.05  $8.05  327  750,728  4.1 %3.2 %$17.84  $17.84  
2020464  2,111,178  3.3 %3.4 %14.41  14.41  44  1,047,241  2.3 %2.2 %9.96  9.96  420  1,063,937  5.9 %4.8 %18.79  18.79  
20211,208  8,190,056  12.7 %11.5 %12.51  12.53  170  5,453,969  11.8 %9.8 %8.64  8.63  1,038  2,736,087  14.9 %13.4 %20.21  20.30  
20221,148  8,228,190  12.8 %12.7 %13.75  13.89  197  5,694,581  12.4 %11.9 %9.99  10.02  951  2,533,609  13.8 %13.6 %22.20  22.61  
20231,037  6,948,767  10.8 %11.1 %14.24  14.47  169  4,649,791  10.1 %9.7 %10.05  10.07  868  2,298,976  12.5 %12.6 %22.71  23.38  
20241,032  9,189,166  14.3 %13.2 %12.81  13.05  198  6,875,774  14.9 %13.9 %9.66  9.70  834  2,313,392  12.6 %12.4 %22.17  23.00  
2025785  7,701,146  12.0 %11.1 %12.91  13.27  182  5,880,194  12.8 %12.5 %10.16  10.28  603  1,820,952  10.0 %9.6 %21.80  22.92  
2026373  3,702,101  5.7 %6.2 %14.84  15.63  96  2,802,848  6.1 %6.8 %11.63  12.13  277  899,253  4.9 %5.4 %24.84  26.53  
2027352  3,176,631  4.9 %5.4 %15.12  16.35  74  2,221,306  4.8 %5.4 %11.76  12.49  278  955,325  5.2 %5.4 %22.95  25.33  
2028297  2,731,770  4.2 %4.9 %15.98  17.20  70  1,990,163  4.3 %4.8 %11.67  12.18  227  741,607  4.1 %4.9 %27.54  30.65  
2029356  3,678,365  5.7 %6.2 %14.92  16.13  99  2,832,488  6.2 %6.8 %11.54  12.23  257  845,877  4.6 %5.4 %26.24  29.17  
2030+556  7,740,070  12.1 %12.6 %14.66  16.13  185  6,375,554  13.8 %15.8 %11.85  12.98  371  1,364,516  7.4 %9.3 %27.75  30.85  
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number% of% ofABR PSFNumber% of% ofABR PSFNumber% of% ofABR PSF
ofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeat
LeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpiration
M-M344  990,870  1.5 %1.7 %$15.47  $15.47  17  240,142  0.5 %0.4 %$8.05  $8.05  327  750,728  4.1 %3.2 %$17.84  $17.84  
2020390  1,450,076  2.3 %2.3 %14.36  14.36  26  558,064  1.2 %1.1 %9.37  9.37  364  892,012  4.9 %3.8 %17.48  17.48  
2021884  3,251,273  5.0 %5.5 %15.22  15.27  48  1,258,921  2.7 %1.9 %7.34  7.30  836  1,992,352  10.9 %9.7 %20.20  20.32  
2022810  2,743,487  4.3 %5.6 %18.08  18.45  49  936,156  2.0 %2.1 %10.48  10.56  761  1,807,331  9.9 %9.6 %22.02  22.53  
2023718  2,581,288  4.0 %5.2 %18.10  18.66  48  991,116  2.2 %2.2 %10.28  10.33  670  1,590,172  8.7 %8.8 %22.97  23.85  
2024655  2,657,371  4.1 %5.0 %16.70  17.35  46  1,162,949  2.5 %2.4 %10.05  10.17  609  1,494,422  8.2 %7.9 %21.86  22.94  
2025471  2,083,382  3.2 %3.9 %16.70  17.74  42  995,272  2.2 %2.2 %10.66  11.25  429  1,088,110  5.9 %5.9 %22.23  23.69  
2026319  1,908,368  3.0 %3.2 %15.02  16.47  35  1,037,016  2.3 %1.9 %8.92  9.65  284  871,352  4.8 %4.7 %22.28  24.58  
2027325  1,953,725  3.0 %3.6 %16.47  18.18  51  1,129,100  2.5 %2.6 %11.20  12.08  274  824,625  4.5 %4.7 %23.68  26.53  
2028294  1,556,834  2.4 %3.1 %17.86  19.84  34  759,449  1.6 %1.8 %11.46  12.27  260  797,385  4.3 %4.7 %23.96  27.05  
2029306  1,558,116  2.4 %3.2 %17.88  20.06  37  751,435  1.6 %1.9 %11.87  12.96  269  806,681  4.3 %4.7 %23.47  26.68  
2030+2,436  41,653,520  64.8 %57.7 %12.36  15.81  1,068  36,244,431  78.7 %79.5 %10.52  13.34  1,368  5,409,089  29.5 %32.3 %24.67  32.30  
(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
By CountBy GLA
Twelve Months Ended 6/30/2078.2%83.0%
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 33
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PROPERTIES BY LARGEST US MSAs
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercentPercentNumber ofPercentPercent
Largest US MSAs by 2019 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
 New York-Newark-Jersey City, NY-NJ-PA29  3,562,711  89.9 %93.8 %$69,275  $20.89  7.3 %5.1 %7.8 %
 Los Angeles-Long Beach-Anaheim, CA10  1,706,615  96.4 %98.1 %34,737  22.78  2.5 %2.4 %3.9 %
 Chicago-Naperville-Elgin, IL-IN-WI14  3,514,765  81.9 %84.9 %39,739  14.01  3.5 %5.0 %4.5 %
 Dallas-Fort Worth-Arlington, TX12  2,589,652  88.3 %93.4 %41,674  17.97  3.0 %3.7 %4.7 %
 Houston-The Woodlands-Sugar Land, TX30  4,061,279  91.5 %94.4 %47,823  12.87  7.5 %5.8 %5.4 %
 Washington-Arlington-Alexandria, DC-VA-MD-WV 455,355  70.6 %78.3 %4,996  14.02  0.8 %0.7 %0.6 %
 Miami-Fort Lauderdale-West Palm Beach, FL 1,453,963  81.5 %87.7 %19,745  15.67  2.3 %2.1 %2.2 %
 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD23  4,236,099  85.8 %91.3 %62,587  18.64  5.8 %6.1 %7.0 %
 Atlanta-Sandy Springs-Roswell, GA22  3,326,176  90.3 %90.9 %35,448  12.11  5.5 %4.8 %4.0 %
10  Boston-Cambridge-Newton, MA-NH 713,272  75.6 %88.2 %8,304  13.26  1.5 %1.0 %0.9 %
Top 10 Largest US MSAs by Population158  25,619,887  87.5 %91.4 %364,328  16.38  39.7 %36.7 %41.0 %
11  Phoenix-Mesa-Scottsdale, AZ —  —  —  —  —  —  —  —  
12  San Francisco-Oakland-Hayward, CA 506,994  99.0 %99.4 %11,747  28.80  0.5 %0.7 %1.3 %
13  Riverside-San Bernardino-Ontario, CA 505,679  92.7 %94.1 %8,755  21.16  1.0 %0.7 %1.0 %
14  Detroit-Warren-Dearborn, MI 1,431,286  92.3 %92.4 %15,588  12.82  2.0 %2.0 %1.7 %
15  Seattle-Tacoma-Bellevue, WA —  —  —  —  —  —  —  —  
16  Minneapolis-St. Paul-Bloomington, MN-WI 1,193,329  88.2 %89.5 %13,868  14.24  2.0 %1.7 %1.6 %
17  San Diego-Carlsbad, CA 660,209  94.4 %97.0 %14,558  23.21  0.8 %0.9 %1.6 %
18  Tampa-St. Petersburg-Clearwater, FL11  1,790,291  85.1 %88.8 %24,246  15.92  2.8 %2.6 %2.7 %
19  Denver-Aurora-Lakewood, CO 1,317,557  88.7 %98.2 %17,525  14.53  1.5 %1.9 %2.0 %
20  St. Louis, MO-IL 209,036  94.6 %94.6 %2,120  10.90  0.5 %0.3 %0.2 %
Top 20 Largest US MSAs by Population202  33,234,268  88.1 %91.8 %472,735  16.41  50.8 %47.5 %53.1 %
21  Baltimore-Columbia-Towson, MD —  —  —  —  —  —  —  —  
22  Orlando-Kissimmee-Sanford, FL 803,879  88.5 %90.0 %16,549  23.08  1.3 %1.1 %1.9 %
23  Charlotte-Concord-Gastonia, NC-SC 1,637,966  94.1 %94.5 %15,977  11.32  1.3 %2.3 %1.8 %
24  San Antonio-New Braunfels, TX —  —  —  —  —  —  —  —  
25  Portland-Vancouver-Hillsboro, OR-WA —  —  —  —  —  —  —  —  
26  Sacramento--Roseville--Arden-Arcade, CA 105,931  54.0 %54.0 %1,290  22.57  0.3 %0.2 %0.1 %
27  Pittsburgh, PA 202,349  98.4 %100.0 %2,089  11.63  0.3 %0.3 %0.2 %
28  Las Vegas-Henderson-Paradise, NV —  —  —  —  —  —  —  —  
29  Cincinnati, OH-KY-IN 1,850,734  92.5 %95.9 %23,092  16.61  1.8 %2.6 %2.6 %
30  Austin-Round Rock, TX 169,405  94.4 %97.7 %2,097  12.67  0.3 %0.2 %0.2 %
31  Kansas City, MO-KS 608,649  91.9 %91.9 %4,677  8.50  1.0 %0.9 %0.5 %
32  Columbus, OH 435,069  86.8 %90.4 %3,964  10.78  0.8 %0.6 %0.4 %
33  Cleveland-Elyria, OH 795,777  81.9 %82.5 %8,448  12.96  0.8 %1.1 %0.9 %
34  Indianapolis-Carmel-Anderson, IN 726,319  86.6 %87.9 %6,999  11.14  0.5 %1.0 %0.8 %
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 34
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PROPERTIES BY LARGEST US MSAs
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercentPercentNumber ofPercentPercent
Largest US MSAs by 2019 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
35  San Jose-Sunnyvale-Santa Clara, CA —  —  —  —  —  —  —  —  
36  Nashville-Davidson--Murfreesboro--Franklin, TN 797,341  96.9 %97.8 %9,188  11.81  1.0 %1.1 %1.0 %
37  Virginia Beach-Norfolk-Newport News, VA-NC 150,300  97.7 %97.7 %2,837  21.34  0.3 %0.2 %0.3 %
38  Providence-Warwick, RI-MA —  —  —  —  —  —  —  —  
39  Milwaukee-Waukesha-West Allis, WI 566,998  88.0 %89.2 %5,959  11.78  1.0 %0.8 %0.7 %
40  Jacksonville, FL 685,315  88.4 %89.3 %6,727  11.45  0.8 %1.0 %0.8 %
41  Oklahoma City, OK —  —  —  —  —  —  —  —  
42  Raleigh, NC 291,026  98.2 %100.0 %3,869  13.40  0.5 %0.4 %0.4 %
43  Memphis, TN-MS-AR 652,349  88.3 %95.0 %9,502  15.87  0.3 %0.9 %1.1 %
44  Richmond, VA 228,668  93.8 %95.3 %3,423  15.70  0.5 %0.3 %0.4 %
45  Louisville/Jefferson County, KY-IN 700,232  94.4 %96.1 %7,271  11.09  1.0 %1.0 %0.8 %
46  New Orleans-Metairie, LA —  —  —  —  —  —  —  —  
47  Salt Lake City, UT —  —  —  —  —  —  —  —  
48  Hartford-West Hartford-East Hartford, CT 584,075  84.2 %84.2 %8,540  17.36  0.8 %0.8 %1.0 %
49  Birmingham-Hoover, AL —  —  —  —  —  —  —  —  
50  Buffalo-Cheektowaga-Niagara Falls, NY —  —  —  —  —  —  —  —  
Top 50 Largest US MSAs by Population258  45,226,650  88.7 %91.9 %615,233  15.70  64.8 %64.7 %68.9 %
MSAs Ranked 51 - 100 by Population49  8,687,511  91.2 %93.1 %97,114  13.23  12.3 %12.4 %10.9 %
Other MSAs91  16,028,204  88.2 %92.0 %179,990  13.20  22.9 %22.9 %20.2 %
TOTAL398  69,942,365  88.9 %92.1 %$892,337  $14.83  100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended June 30, 2020
Page 35
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LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
 New York-Newark-Jersey City, NY-NJ-PA129  3,562,711  89.9 %93.8 %$69,275  $20.89  7.3 %5.1 %7.8 %
 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD823  4,236,099  85.8 %91.3 %62,587  18.64  5.8 %6.1 %7.0 %
 Houston-The Woodlands-Sugar Land, TX530  4,061,279  91.5 %94.4 %47,823  12.87  7.5 %5.8 %5.4 %
 Dallas-Fort Worth-Arlington, TX412  2,589,652  88.3 %93.4 %41,674  17.97  3.0 %3.7 %4.7 %
 Chicago-Naperville-Elgin, IL-IN-WI314  3,514,765  81.9 %84.9 %39,739  14.01  3.5 %5.0 %4.5 %
 Atlanta-Sandy Springs-Roswell, GA922  3,326,176  90.3 %90.9 %35,448  12.11  5.5 %4.8 %4.0 %
 Los Angeles-Long Beach-Anaheim, CA210  1,706,615  96.4 %98.1 %34,737  22.78  2.5 %2.4 %3.9 %
 Tampa-St. Petersburg-Clearwater, FL1811  1,790,291  85.1 %88.8 %24,246  15.92  2.8 %2.6 %2.7 %
 Cincinnati, OH-KY-IN29 1,850,734  92.5 %95.9 %23,092  16.61  1.8 %2.6 %2.6 %
10  Miami-Fort Lauderdale-West Palm Beach, FL7 1,453,963  81.5 %87.7 %19,745  15.67  2.3 %2.1 %2.2 %
10 Largest MSAs by ABR
167  28,092,285  88.2 %91.8 %398,366  16.48  42.0 %40.2 %44.8 %
11  Denver-Aurora-Lakewood, CO19 1,317,557  88.7 %98.2 %17,525  14.53  1.5 %1.9 %2.0 %
12  Orlando-Kissimmee-Sanford, FL22 803,879  88.5 %90.0 %16,549  23.08  1.3 %1.1 %1.9 %
13  Charlotte-Concord-Gastonia, NC-SC23 1,637,966  94.1 %94.5 %15,977  11.32  1.3 %2.3 %1.8 %
14  Detroit-Warren-Dearborn, MI14 1,431,286  92.3 %92.4 %15,588  12.82  2.0 %2.0 %1.7 %
15  San Diego-Carlsbad, CA17 660,209  94.4 %97.0 %14,558  23.21  0.8 %0.9 %1.6 %
16  Minneapolis-St. Paul-Bloomington, MN-WI16 1,193,329  88.2 %89.5 %13,868  14.24  2.0 %1.7 %1.6 %
17  Naples-Immokalee-Marco Island, FL142 780,327  79.4 %83.6 %12,222  19.23  1.0 %1.1 %1.4 %
18  Ann Arbor, MI144 820,327  88.9 %91.4 %12,172  16.35  0.8 %1.2 %1.4 %
19  San Francisco-Oakland-Hayward, CA12 506,994  99.0 %99.4 %11,747  28.80  0.5 %0.7 %1.3 %
20  Allentown-Bethlehem-Easton, PA-NJ69 829,432  96.3 %97.1 %10,363  14.18  0.8 %1.2 %1.2 %
20 Largest MSAs by ABR
214  38,073,591  88.9 %92.2 %538,935  16.41  54.0 %54.3 %60.7 %
21  Binghamton, NY191 751,572  94.3 %94.8 %10,098  14.17  1.0 %1.1 %1.1 %
22  Vallejo-Fairfield, CA121 519,223  85.3 %95.7 %10,031  20.35  0.3 %0.7 %1.1 %
23  Memphis, TN-MS-AR43 652,349  88.3 %95.0 %9,502  15.87  0.3 %0.9 %1.1 %
24  Nashville-Davidson--Murfreesboro--Franklin, TN36 797,341  96.9 %97.8 %9,188  11.81  1.0 %1.1 %1.0 %
25  Port St. Lucie, FL110 690,935  79.3 %88.5 %9,103  14.98  1.3 %1.0 %1.0 %
26  Riverside-San Bernardino-Ontario, CA13 505,679  92.7 %94.1 %8,755  21.16  1.0 %0.7 %1.0 %
27  North Port-Sarasota-Bradenton, FL72 737,950  87.8 %90.2 %8,750  13.22  1.3 %1.1 %1.0 %
28  Hartford-West Hartford-East Hartford, CT48 584,075  84.2 %84.2 %8,540  17.36  0.8 %0.8 %1.0 %
29  Cleveland-Elyria, OH33 795,777  81.9 %82.5 %8,448  12.96  0.8 %1.1 %0.9 %
30  Boston-Cambridge-Newton, MA-NH10 713,272  75.6 %88.2 %8,304  13.26  1.5 %1.0 %0.9 %
31  Louisville/Jefferson County, KY-IN45 700,232  94.4 %96.1 %7,271  11.09  1.0 %1.0 %0.8 %
32  Indianapolis-Carmel-Anderson, IN34 726,319  86.6 %87.9 %6,999  11.14  0.5 %1.0 %0.8 %
33  Jacksonville, FL40 685,315  88.4 %89.3 %6,727  11.45  0.8 %1.0 %0.8 %
34  Norwich-New London, CT182 433,532  93.7 %93.7 %6,520  16.25  0.5 %0.6 %0.7 %
35  New Haven-Milford, CT66 546,407  79.6 %79.6 %6,353  14.66  1.3 %0.8 %0.7 %
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 36
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LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
36  Milwaukee-Waukesha-West Allis, WI39 566,998  88.0 %89.2 %5,959  11.78  1.0 %0.8 %0.7 %
37  College Station-Bryan, TX187 491,214  90.8 %94.9 %5,753  14.83  1.0 %0.7 %0.6 %
38  Greensboro-High Point, NC75 406,768  83.8 %95.7 %5,451  14.01  0.3 %0.6 %0.6 %
39  Worcester, MA-CT57 515,320  93.5 %93.5 %5,422  13.36  0.8 %0.7 %0.6 %
40  Scranton--Wilkes-Barre--Hazleton, PA100 619,139  92.6 %92.6 %5,329  23.28  0.5 %0.9 %0.6 %
41  Wilmington, NC165 379,107  90.5 %95.7 %5,289  14.74  0.5 %0.5 %0.6 %
42  Winston-Salem, NC84 437,561  90.6 %90.6 %5,037  13.33  0.8 %0.6 %0.6 %
43  Oxnard-Thousand Oaks-Ventura, CA67 316,522  93.7 %96.1 %5,022  17.13  0.5 %0.5 %0.6 %
44  Washington-Arlington-Alexandria, DC-VA-MD-WV6 455,355  70.6 %78.3 %4,996  14.02  0.8 %0.7 %0.6 %
45  Kansas City, MO-KS31 608,649  91.9 %91.9 %4,677  8.50  1.0 %0.9 %0.5 %
46  Dayton, OH73 351,898  96.9 %98.2 %4,607  13.63  0.5 %0.5 %0.5 %
47  Boulder, CO155 278,419  94.4 %94.4 %4,358  16.57  0.3 %0.4 %0.5 %
48  Fresno, CA54 261,344  98.3 %99.0 %4,123  15.93  0.3 %0.4 %0.5 %
49  Charleston-North Charleston, SC74 498,871  86.8 %87.3 %4,052  9.43  0.5 %0.7 %0.5 %
50  Spartanburg, SC151 360,277  89.4 %89.4 %4,008  13.09  0.3 %0.5 %0.4 %
50 Largest MSAs by ABR
301  54,461,011  88.7 %91.8 %737,607  15.68  76.5 %77.6 %83.0 %
51  Pittsfield, MA325 436,805  97.9 %98.8 %4,004  21.83  0.3 %0.6 %0.4 %
52  Mobile, AL130 415,636  66.4 %85.0 %3,990  11.56  0.3 %0.6 %0.4 %
53  Columbus, OH32 435,069  86.8 %90.4 %3,964  10.78  0.8 %0.6 %0.4 %
54  Greenville-Anderson-Mauldin, SC61 220,723  97.6 %98.3 %3,884  18.34  0.5 %0.3 %0.4 %
55  Raleigh, NC42 291,026  98.2 %100.0 %3,869  13.40  0.5 %0.4 %0.4 %
56  Panama City, FL222 397,492  96.4 %97.4 %3,799  9.81  0.5 %0.6 %0.4 %
57  Bakersfield, CA62 240,068  96.3 %96.3 %3,564  15.70  0.3 %0.3 %0.4 %
58  Manchester-Nashua, NH129 347,947  52.7 %53.1 %3,456  19.87  0.5 %0.5 %0.4 %
59  Atlantic City-Hammonton, NJ185 179,199  96.7 %96.7 %3,427  19.78  0.3 %0.3 %0.4 %
60  Richmond, VA44 228,668  93.8 %95.3 %3,423  15.70  0.5 %0.3 %0.4 %
61  Hilton Head Island-Bluffton-Beaufort, SC207 230,352  94.3 %95.9 %3,375  15.28  0.5 %0.3 %0.4 %
62  Odessa, TX263 372,534  100.0 %100.0 %3,333  14.16  0.3 %0.5 %0.4 %
63  Des Moines-West Des Moines, IA87 512,825  97.1 %98.3 %3,275  6.56  0.5 %0.7 %0.4 %
64  Springfield, MA91 319,668  90.6 %99.6 %3,234  13.65  0.5 %0.5 %0.4 %
65  Greenville, NC237 233,153  81.3 %84.9 %2,860  14.45  0.3 %0.3 %0.3 %
66  Virginia Beach-Norfolk-Newport News, VA-NC37 150,300  97.7 %97.7 %2,837  21.34  0.3 %0.2 %0.3 %
67  Savannah, GA137 221,381  93.5 %94.2 %2,714  13.01  0.5 %0.3 %0.3 %
68  Roanoke, VA161 315,008  97.5 %97.5 %2,695  10.93  0.5 %0.5 %0.3 %
69  Bridgeport-Stamford-Norwalk, CT58 161,075  95.3 %97.3 %2,481  15.83  0.3 %0.2 %0.3 %
70  Duluth, MN-WI172 183,006  98.2 %98.2 %2,357  13.12  0.3 %0.3 %0.3 %
71  Hickory-Lenoir-Morganton, NC146 284,984  87.8 %88.8 %2,342  9.25  0.5 %0.4 %0.3 %
Supplemental Disclosure - Three Months Ended June 30, 2020
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LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
72  Altoona, PA334 265,200  75.0 %87.3 %2,321  10.12  0.3 %0.4 %0.3 %
73  Santa Maria-Santa Barbara, CA122 179,549  100.0 %100.0 %2,236  13.43  0.3 %0.3 %0.3 %
74  Concord, NH278 191,887  95.3 %100.0 %2,235  12.51  0.3 %0.3 %0.3 %
75  Fort Wayne, IN123 248,451  77.9 %77.9 %2,230  13.61  0.5 %0.4 %0.2 %
76  Elkhart-Goshen, IN218 257,748  93.7 %93.7 %2,158  16.35  0.3 %0.4 %0.2 %
77  St. Louis, MO-IL20 209,036  94.6 %94.6 %2,120  10.90  0.5 %0.3 %0.2 %
78  Austin-Round Rock, TX30 169,405  94.4 %97.7 %2,097  12.67  0.3 %0.2 %0.2 %
79  Pittsburgh, PA27 202,349  98.4 %100.0 %2,089  11.63  0.3 %0.3 %0.2 %
80  Tucson, AZ53 165,350  100.0 %100.0 %2,067  12.50  0.3 %0.2 %0.2 %
81  Flint, MI133 164,535  95.9 %97.6 %2,020  12.67  0.3 %0.2 %0.2 %
82  Manhattan, KS391 217,261  96.5 %96.5 %2,016  15.61  0.3 %0.3 %0.2 %
83  Rutland, VT535 223,314  100.0 %100.0 %1,978  8.98  0.3 %0.3 %0.2 %
84  Syracuse, NY88 128,404  100.0 %100.0 %1,951  15.19  0.3 %0.2 %0.2 %
85  Greeneville, TN485 224,139  97.1 %97.1 %1,924  8.94  0.3 %0.3 %0.2 %
86  Saginaw, MI229 184,735  99.3 %99.3 %1,905  10.39  0.3 %0.3 %0.2 %
87  Tulsa, OK55 186,851  100.0 %100.0 %1,894  10.14  0.3 %0.3 %0.2 %
88  Dover, DE240 191,974  52.2 %82.3 %1,888  11.95  0.3 %0.3 %0.2 %
89  Ithaca, NY373 204,405  100.0 %100.0 %1,876  9.90  0.3 %0.3 %0.2 %
90  Crestview-Fort Walton Beach-Destin, FL173 158,118  98.4 %98.4 %1,819  11.69  0.3 %0.2 %0.2 %
91  Columbus, IN436 145,789  95.9 %97.8 %1,814  12.72  0.3 %0.2 %0.2 %
92  Trenton, NJ145 157,035  35.9 %100.0 %1,789  11.39  0.3 %0.2 %0.2 %
93  California-Lexington Park, MD353 92,335  100.0 %100.0 %1,788  19.36  0.3 %0.1 %0.2 %
94  Toledo, OH93 295,665  72.5 %82.3 %1,767  12.89  0.3 %0.4 %0.2 %
95  Portland-South Portland, ME105 287,513  87.3 %87.3 %1,645  19.94  0.3 %0.4 %0.2 %
96  Deltona-Daytona Beach-Ormond Beach, FL86 182,054  94.3 %98.9 %1,600  8.89  0.3 %0.3 %0.2 %
97  London, KY319 165,826  100.0 %100.0 %1,565  9.44  0.3 %0.2 %0.2 %
98  Ocean City, NJ406 136,822  95.2 %95.2 %1,534  11.78  0.3 %0.2 %0.2 %
99  Canton-Massillon, OH135 145,935  93.6 %93.6 %1,476  10.81  0.3 %0.2 %0.2 %
100  Lansing-East Lansing, MI111 188,646  83.4 %83.4 %1,474  9.52  0.3 %0.3 %0.2 %
100 Largest MSAs by ABR
366  66,208,261  89.0 %92.2 %861,766  15.16  92.0 %94.7 %96.6 %
Other MSAs
32  3,734,104  88.1 %90.3 %30,571  9.26  8.0 %5.3 %3.4 %
TOTAL
398  69,942,365  88.9 %92.1 %$892,337  $14.83  100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended June 30, 2020
Page 38
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PROPERTIES BY STATE
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercent PercentNumber ofPercentPercent
StateProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
 Florida47  7,810,625  85.1 %89.0 %$105,968  $15.56  11.8 %11.2 %11.9 %
 Texas52  8,039,342  91.1 %94.6 %104,226  14.58  13.1 %11.5 %11.7 %
 California27  5,094,449  94.0 %96.4 %97,287  21.37  6.8 %7.3 %10.9 %
 New York28  3,562,860  92.6 %94.6 %66,367  19.91  7.0 %5.1 %7.4 %
 Pennsylvania26  5,013,376  89.0 %92.1 %65,090  17.06  6.5 %7.2 %7.3 %
 North Carolina20  4,243,307  92.3 %94.4 %44,708  11.75  5.0 %6.1 %5.0 %
 Georgia30  4,228,329  89.3 %90.7 %42,829  11.47  7.5 %6.0 %4.8 %
 New Jersey16  2,828,284  84.1 %94.3 %42,692  17.00  4.0 %4.0 %4.8 %
 Illinois15  3,602,611  82.2 %85.1 %40,347  13.83  3.8 %5.1 %4.5 %
10  Ohio16  3,188,203  87.9 %90.7 %35,572  14.22  4.0 %4.6 %4.0 %
11  Michigan16  2,993,658  90.8 %91.6 %35,136  13.37  4.0 %4.3 %3.9 %
12  Connecticut12  1,850,585  85.9 %86.1 %25,036  15.78  3.0 %2.6 %2.8 %
13  Tennessee 2,037,716  94.2 %96.8 %23,421  12.06  2.3 %2.9 %2.6 %
14  Colorado 1,595,976  89.7 %97.5 %21,883  14.90  1.8 %2.3 %2.5 %
15  Massachusetts10  1,743,371  87.0 %94.1 %19,036  15.42  2.5 %2.5 %2.1 %
16  Kentucky 1,683,399  94.4 %96.6 %17,683  12.02  1.8 %2.4 %2.0 %
17  Minnesota 1,376,335  89.5 %90.6 %16,225  14.07  2.3 %2.0 %1.8 %
18  South Carolina 1,310,223  90.7 %91.2 %15,319  13.11  1.8 %1.9 %1.7 %
19  Indiana 1,510,334  88.5 %89.2 %14,562  12.15  1.8 %2.2 %1.6 %
20  Virginia 1,017,100  89.8 %90.2 %10,885  12.91  1.8 %1.4 %1.2 %
21  New Hampshire 781,528  75.1 %76.4 %7,619  13.36  1.2 %1.1 %0.9 %
22  Wisconsin 566,998  88.0 %89.2 %5,959  11.78  0.9 %0.8 %0.7 %
23  Maryland 414,808  75.7 %84.1 %5,903  16.92  0.8 %0.6 %0.7 %
24  Missouri 655,984  93.1 %93.1 %5,339  8.92  1.2 %0.9 %0.6 %
25  Alabama 415,636  66.4 %85.0 %3,990  11.56  0.3 %0.6 %0.5 %
26  Kansas 378,962  93.9 %93.9 %3,474  12.62  0.4 %0.5 %0.4 %
27  Iowa 512,825  97.1 %98.3 %3,275  6.56  0.4 %0.7 %0.4 %
28  West Virginia 251,500  96.0 %96.0 %2,089  8.65  0.4 %0.4 %0.2 %
29  Arizona 165,350  100.0 %100.0 %2,067  12.50  0.3 %0.2 %0.2 %
30  Vermont 223,314  100.0 %100.0 %1,978  8.98  0.3 %0.3 %0.2 %
31  Oklahoma 186,851  100.0 %100.0 %1,894  10.14  0.3 %0.3 %0.2 %
32  Delaware 191,974  52.2 %82.3 %1,888  11.95  0.3 %0.3 %0.2 %
33  Maine 287,513  87.3 %87.3 %1,645  19.94  0.3 %0.4 %0.2 %
34  Louisiana 179,039  53.5 %71.4 %945  7.39  0.3 %0.3 %0.1 %
TOTAL398  69,942,365  88.9 %92.1 %$892,337  $14.83  100.0 %100.0 %100.0 %

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 39
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
 SpringdaleMobileALMobile, AL2004415,636  85.0 %$3,990  $11.56  Sam's Club*Bed Bath & Beyond, Big Lots, Burke's Outlet, Burlington Stores, Conn's HomePlus, Cost Plus World Market, David's Bridal, Marshalls, Michaels, Shoe Station-
 Northmall CentreTucsonAZTucson, AZ1996165,350  100.0 %2,067  12.50  Sam's Club*CareMore, Defy-Tucson, Stein Mart, Tuesday Morning-
 Bakersfield PlazaBakersfieldCABakersfield, CA1970240,068  96.3 %3,564  15.70  Lassens Natural Foods & VitaminsAMC Theatres, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for LessHobby Lobby
 Carmen PlazaCamarilloCAOxnard-Thousand Oaks-Ventura, CA2000125,047  93.7 %2,835  25.64  Trader Joe's*24 Hour Fitness, CVS, Harbor Freight Tools-
 Plaza Rio VistaCathedralCARiverside-San Bernardino-Ontario, CA200575,415  96.5 %1,425  21.92  Stater Bros.--
 Cudahy Plaza (3)CudahyCALos Angeles-Long Beach-Anaheim, CA2020123,146  91.9 %2,516  22.24  -Big Lots, Burlington Stores, Chuze Fitness-
 University MallDavisCASacramento--Roseville--Arden-Arcade, CA1964105,931  54.0 %1,290  22.57  Trader Joe'sCost Plus World Market-
 Felicita PlazaEscondidoCASan Diego-Carlsbad, CA200198,594  100.0 %1,554  15.76  Vons (Albertsons)Chuze Fitness-
 Felicita Town CenterEscondidoCASan Diego-Carlsbad, CA1987124,670  97.1 %2,952  24.40  Major Market, Trader Joe'sRite Aid-
10  Arbor - Broadway Faire (2)FresnoCAFresno, CA1995261,344  99.0 %4,123  15.93  Smart & Final Extra!PetSmart, The Home Depot, United Artists Theatres-
11  Lompoc CenterLompocCASanta Maria-Santa Barbara, CA1960179,549  100.0 %2,236  13.43  Vons (Albertsons)Five Below, Harbor Freight Tools, Marshalls, Michaels, Ulta-
12  Briggsmore PlazaModestoCAModesto, CA199892,315  96.5 %1,224  14.58  Grocery Outletdd's Discounts (Ross), Sears OutletIn Shape Fitness
13  Montebello PlazaMontebelloCALos Angeles-Long Beach-Anaheim, CA1974284,331  100.0 %6,154  22.23  AlbertsonsBest Buy, CVS, Five Below, Kohl's, Ross Dress for Less-
14  California Oaks CenterMurrietaCARiverside-San Bernardino-Ontario, CA1990124,481  100.0 %2,222  18.41  Barons MarketCrunch Fitness, Dollar Tree-
15  Pacoima CenterPacoimaCALos Angeles-Long Beach-Anaheim, CA1995202,773  100.0 %2,284  11.26  Food 4 Less (Kroger)Ross Dress for Less, Target-
16  Metro 580 PleasantonCASan Francisco-Oakland-Hayward, CA1996177,573  100.0 %2,858  34.82  -Kohl's, Party CityWalmart
17  Rose PavilionPleasantonCASan Francisco-Oakland-Hayward, CA2019329,421  99.1 %8,889  27.29  99 Ranch Market, Trader Joe'sCVS, Macy's Home Store, Restoration Hardware, Total Wine & More-
18  Puente Hills Town CenterRowland HeightsCALos Angeles-Long Beach-Anaheim, CA1984258,685  95.8 %6,142  24.79  -Marshalls, Planet Fitness-
19  Ocean View PlazaSan ClementeCALos Angeles-Long Beach-Anaheim, CA1990169,963  99.2 %5,233  31.03  Ralphs (Kroger), Trader Joe'sCrunch Fitness, CVS-
20  Plaza By The Sea San ClementeCALos Angeles-Long Beach-Anaheim, CA197649,089  90.7 %750  16.85  Stater Bros.--
21  Village at Mira Mesa (3)San DiegoCASan Diego-Carlsbad, CA2020436,945  96.3 %10,052  24.67  Sprouts Farmers Market, Vons (Albertsons)Bed Bath & Beyond, BevMo, CVS, Marshalls, Michaels, Mira Mesa Lanes-
22  San Dimas PlazaSan DimasCALos Angeles-Long Beach-Anaheim, CA1986164,757  97.0 %3,819  23.89  Smart & Final Extra!Harbor Freight Tools, T.J.Maxx-
23  Bristol PlazaSanta AnaCALos Angeles-Long Beach-Anaheim, CA2003111,403  100.0 %3,138  28.74  Trader Joe'sBig Lots, Petco, Rite Aid-
24  Gateway PlazaSanta Fe SpringsCALos Angeles-Long Beach-Anaheim, CA2002289,268  100.0 %3,575  24.04  El Super, Walmart SupercenterLA Fitness, Ross Dress for LessTarget
25  Santa Paula CenterSanta PaulaCAOxnard-Thousand Oaks-Ventura, CA1995191,475  97.6 %2,187  11.97  Vons (Albertsons)Ace Hardware, Big Lots-
26  Vail Ranch Center TemeculaCARiverside-San Bernardino-Ontario, CA2003201,903  90.1 %2,944  22.40  Stater Bros.Rite Aid, Stein Mart -
27  Country Hills Shopping CenterTorranceCALos Angeles-Long Beach-Anaheim, CA197753,200  100.0 %1,126  21.17  Ralphs (Kroger)--
28  Upland Town Square UplandCARiverside-San Bernardino-Ontario, CA1994103,880  93.1 %2,164  22.39  Sprouts Farmers Market--
29  Gateway Plaza - Vallejo (2)VallejoCAVallejo-Fairfield, CA2018519,223  95.7 %10,031  20.35  Costco*Bed Bath & Beyond, Century Theatres, DSW, LA Fitness, Marshalls, Michaels, OfficeMax, Party City, Petco, Ross Dress for Less, UltaTarget
30  Arvada PlazaArvadaCODenver-Aurora-Lakewood, CO199495,236  100.0 %801  8.41  King Soopers (Kroger)Arc-
31  Arapahoe CrossingsAuroraCODenver-Aurora-Lakewood, CO1996476,988  99.3 %7,512  16.01  King Soopers (Kroger)2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Goldfish Swin School, Kohl's, Planet Fitness, Stein Mart-
32  Aurora PlazaAuroraCODenver-Aurora-Lakewood, CO1996178,491  96.9 %1,766  10.58  King Soopers (Kroger)Cinema Latino, Gen-X-
33  Villa Monaco DenverCODenver-Aurora-Lakewood, CO1978121,101  94.5 %1,827  15.97  -Chuze Fitness-
34  Centennial Shopping Center EnglewoodCODenver-Aurora-Lakewood, CO2013113,682  92.7 %1,079  38.51  King Soopers (Kroger)Pet Supplies Plus-
35  Superior Marketplace SuperiorCOBoulder, CO1997278,419  94.4 %4,358  16.57  Whole Foods Market, Costco*, SuperTarget*Goldfish Swim School, Stickley Furniture, T.J.Maxx, Ulta-
36  Westminster City Center (3)WestminsterCODenver-Aurora-Lakewood, CO2020332,059  100.0 %4,540  13.67  -Barnes & Noble, David's Bridal, Five Below, Golf Galaxy, JOANN, Overstock Furniture & Mattress, Ross Dress for Less, Tile Shop, Ulta-
37  The Shoppes at Fox RunGlastonburyCTHartford-West Hartford-East Hartford, CT1974106,406  91.7 %2,585  26.49  Whole Foods MarketPetco-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 40
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
38  Groton SquareGrotonCTNorwich-New London, CT1987196,802  92.9 %2,382  13.03  Super Stop & Shop (Ahold Delhaize)Kohl'sWalmart
39  Parkway PlazaHamdenCTNew Haven-Milford, CT200672,353  97.5 %987  13.99  PriceRite (Wakefern)-The Home Depot
40  The Manchester CollectionManchesterCTHartford-West Hartford-East Hartford, CT2001327,775  75.5 %3,505  14.17  Walmart Supercenter*Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, DSW, Edge Fitness, Frontera Grill, Hobby LobbyBest Buy, The Home Depot, Walmart
41  Chamberlain PlazaMeridenCTNew Haven-Milford, CT200454,302  38.9 %244  11.54  -Dollar Tree-
42  Turnpike PlazaNewingtonCTHartford-West Hartford-East Hartford, CT2004149,894  98.1 %2,450  16.66  Price ChopperDick's Sporting Goods-
43  North Haven CrossingNorth HavenCTNew Haven-Milford, CT1993103,865  93.7 %1,719  17.66  -Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart-
44  Christmas Tree PlazaOrangeCTNew Haven-Milford, CT1996132,791  71.8 %1,349  14.16  -Christmas Tree Shops-
45  Stratford SquareStratfordCTBridgeport-Stamford-Norwalk, CT1984161,075  97.3 %2,481  15.83  -LA Fitness, Marshalls-
46  Torrington PlazaTorringtonCTTorrington, CT1994125,496  82.3 %1,142  11.05  -Eblens Outlet, JOANN, Staples, T.J.Maxx-
47  Waterbury PlazaWaterburyCTNew Haven-Milford, CT2000183,096  82.4 %2,054  13.80  Super Stop & Shop (Ahold Delhaize)Dollar TreeTarget
48  Waterford CommonsWaterfordCTNorwich-New London, CT2004236,730  94.4 %4,138  18.95  -Dick’s Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., UltaBest Buy, Raymour & Flanigan
49  North Dover CenterDoverDEDover, DE1989191,974  82.3 %1,888  11.95  -Hobby Lobby, Kirkland's, Party City, Staples, T.J.Maxx-
50  Coastal Way - Coastal LandingBrooksvilleFLTampa-St. Petersburg-Clearwater, FL2008374,598  75.5 %3,881  17.66  -Bed Bath & Beyond, Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta-
51  Clearwater MallClearwaterFLTampa-St. Petersburg-Clearwater, FL1973300,929  93.1 %6,376  22.77  Costco*, SuperTarget*Burlington Stores, David's Bridal, Michaels, PetSmart, Ross Dress for LessLowe's
52  Coconut Creek PlazaCoconut CreekFLMiami-Fort Lauderdale-West Palm Beach, FL2005264,129  90.3 %3,592  15.06  PublixBig Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness-
53  Century Plaza Shopping CenterDeerfield BeachFLMiami-Fort Lauderdale-West Palm Beach, FL200690,488  86.6 %1,908  24.34  -Broward County Library, CVS-
54  Northgate Shopping CenterDeLandFLDeltona-Daytona Beach-Ormond Beach, FL1993182,054  98.9 %1,600  8.89  PublixBig Lots, Planet Fitness, Tractor Supply-
55  Sun PlazaFort Walton BeachFLCrestview-Fort Walton Beach-Destin, FL2004158,118  98.4 %1,819  11.69  PublixBealls Outlet, Books-A-Million, Office Depot, T.J.Maxx-
56  Normandy SquareJacksonvilleFLJacksonville, FL199689,822  100.0 %864  9.90  Winn-Dixie (Southeastern Grocers)Ace Hardware, Family Dollar-
57  Regency Park Shopping CenterJacksonvilleFLJacksonville, FL1985330,029  81.5 %2,234  9.04  -American Signature Furniture, Bealls Outlet, David's Bridal, Ollie's Bargain Outlet, Surplus Warehouse-
58  Ventura DownsKissimmeeFLOrlando-Kissimmee-Sanford, FL201898,191  87.7 %1,701  19.75  -LA Fitness-
59  Marketplace at WycliffeLake WorthFLMiami-Fort Lauderdale-West Palm Beach, FL2002137,020  91.4 %2,327  19.11  Walmart Neighborhood MarketWalgreens-
60  Venetian Isle Shopping CtrLighthouse PointFLMiami-Fort Lauderdale-West Palm Beach, FL1992182,314  91.8 %1,770  10.90  PublixDollar Tree, Petco, Staples, T.J.Maxx, Tuesday Morning -
61  Marco Town Center (3)Marco IslandFLNaples-Immokalee-Marco Island, FL2020109,745  76.7 %1,925  22.87  Publix--
62  Mall at 163rd StreetMiamiFLMiami-Fort Lauderdale-West Palm Beach, FL2007343,585  70.8 %3,443  14.58  Walmart Supercenter*Citi Trends, Marshalls, Ross Dress for LessThe Home Depot
63  Shops at Palm LakesMiamiFLMiami-Fort Lauderdale-West Palm Beach, FL1996198,473  99.1 %3,617  18.39  Fresco y Más (Southeastern Grocers)dd's Discounts (Ross), LA Fitness, Ross Dress for Less-
64  Freedom SquareNaplesFLNaples-Immokalee-Marco Island, FL1995211,839  54.1 %1,655  14.43  PublixPlanet Fitness-
65  Naples PlazaNaplesFLNaples-Immokalee-Marco Island, FL2013201,795  100.0 %3,785  19.08  PublixMarshalls, Office Depot, PGA TOUR Superstore-
66  Park Shore PlazaNaplesFLNaples-Immokalee-Marco Island, FL2018256,948  98.0 %4,857  20.38  The Fresh MarketBig Lots, Burlington Stores, HomeGoods, Kirkland's, Party City, Saks OFF Fifth, Yard House-
67  Chelsea PlaceNew Port RicheyFLTampa-St. Petersburg-Clearwater, FL199281,144  100.0 %1,103  13.59  PublixZone Fitness Club-
68  Presidential Plaza WestNorth LauderdaleFLMiami-Fort Lauderdale-West Palm Beach, FL200688,441  97.5 %1,023  11.86  Sedano'sFamily Dollar-
69  Colonial MarketplaceOrlandoFLOrlando-Kissimmee-Sanford, FL1986141,069  100.0 %2,491  17.66  -Burlington Stores, LA FitnessTarget
70  Conway CrossingOrlandoFLOrlando-Kissimmee-Sanford, FL200276,321  98.7 %1,097  14.56  Publix--
71  Hunter's Creek PlazaOrlandoFLOrlando-Kissimmee-Sanford, FL199872,683  96.4 %1,163  16.60  Seabra FoodsOffice Depot-
72  Pointe Orlando (3)OrlandoFLOrlando-Kissimmee-Sanford, FL2020415,615  84.4 %10,097  29.32  -Capital Grille, Hampton Social, Main Event, Regal Cinemas, Rodizio Grill-
73  Martin Downs Town CenterPalm CityFLPort St. Lucie, FL199664,546  100.0 %839  13.00  Publix--
74  Martin Downs Village CenterPalm CityFLPort St. Lucie, FL1987165,468  89.8 %2,871  19.89  -Coastal Care, Walgreens-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 41
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PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
75  23rd Street StationPanama CityFLPanama City, FL199598,827  92.8 %1,223  13.34  Publix--
76  Panama City SquarePanama CityFLPanama City, FL1989298,665  98.9 %2,576  8.72  Walmart SupercenterBig Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx-
77  East Port PlazaPort St. LucieFLPort St. Lucie, FL1991214,489  85.5 %2,540  13.84  PublixFortis Institute, Urban Air Adventure Park, Walgreens-
78  Shoppes of Victoria SquarePort St. LucieFLPort St. Lucie, FL199095,186  93.6 %1,173  13.17  Winn-Dixie (Southeastern Grocers)Dollar Tree-
79  Lake St. CharlesRiverviewFLTampa-St. Petersburg-Clearwater, FL199961,015  100.0 %735  12.89  Winn-Dixie (Southeastern Grocers)--
80  Cobblestone VillageRoyal Palm BeachFLMiami-Fort Lauderdale-West Palm Beach, FL200539,404  93.9 %782  21.14  SuperTarget*The Zoo Health Club-
81  Beneva Village ShoppesSarasotaFLNorth Port-Sarasota-Bradenton, FL2020144,078  98.7 %2,600  18.29  PublixHarbor Freight Tools, Pet Supermarket, Walgreens-
82  Sarasota VillageSarasotaFLNorth Port-Sarasota-Bradenton, FL1972173,184  100.0 %2,121  12.56  PublixBig Lots, Crunch Fitness, HomeGoods-
83  Atlantic PlazaSatellite BeachFLPalm Bay-Melbourne-Titusville, FL2008130,301  74.3 %1,408  14.55  PublixPlanet Fitness-
84  Seminole Plaza (3)SeminoleFLTampa-St. Petersburg-Clearwater, FL2020156,718  98.4 %2,050  13.29  Sprouts Farmers MarketBealls Outlet, Burlington Stores, T.J.Maxx-
85  Cobblestone VillageSt. AugustineFLJacksonville, FL2003265,464  95.4 %3,629  14.33  PublixBealls, Bed Bath & Beyond, Michaels, Party City, Petco-
86  Dolphin VillageSt. Pete BeachFLTampa-St. Petersburg-Clearwater, FL1990136,224  73.1 %1,610  16.16  PublixCVS, Dollar Tree -
87  Rutland PlazaSt. PetersburgFLTampa-St. Petersburg-Clearwater, FL2002149,562  99.1 %1,381  9.32  Winn-Dixie (Southeastern Grocers)Bealls Outlet, Big Lots-
88  Tyrone Gardens St. PetersburgFLTampa-St. Petersburg-Clearwater, FL1998202,384  81.0 %1,684  10.27  Winn-Dixie (Southeastern Grocers)Big Lots, Chuck E. Cheese’s-
89  Downtown PublixStuartFLPort St. Lucie, FL2000151,246  83.3 %1,680  13.33  PublixFlooring USA-
90  Sunrise Town CenterSunriseFLMiami-Fort Lauderdale-West Palm Beach, FL1989110,109  93.3 %1,283  12.49  Patel BrothersDollar Tree, LA FitnessWalmart
91  Carrollwood CenterTampaFLTampa-St. Petersburg-Clearwater, FL200292,678  95.3 %1,673  18.94  PublixRarehues-
92  Ross PlazaTampaFLTampa-St. Petersburg-Clearwater, FL199689,207  98.2 %1,398  15.96  -Dollar Tree, Lumber Liquidators, Ross Dress for Less-
93  Tarpon MallTarpon SpringsFLTampa-St. Petersburg-Clearwater, FL2003145,832  97.9 %2,355  16.49  PublixPetco, T.J.Maxx, Ulta-
94  Venice PlazaVeniceFLNorth Port-Sarasota-Bradenton, FL1999132,345  90.2 %877  7.34  Winn-Dixie (Southeastern Grocers)Lumber Liquidators, Pet Supermarket, T.J.Maxx-
95  Venice Shopping CenterVeniceFLNorth Port-Sarasota-Bradenton, FL2000109,801  58.3 %470  7.34  Publix--
96  Venice Village (3)VeniceFLNorth Port-Sarasota-Bradenton, FL2020178,542  93.6 %2,682  16.05  PublixJOANN, Planet Fitness-
97  Albany PlazaAlbanyGAAlbany, GA1995114,169  80.9 %616  6.67  Harveys (Southeastern Grocers)OK Beauty & Fashions Outlet-
98  Mansell CrossingAlpharettaGAAtlanta-Sandy Springs-Roswell, GA1993280,749  91.4 %3,773  19.71  -Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.MaxxStudio Movie Grill
99  Northeast PlazaAtlantaGAAtlanta-Sandy Springs-Roswell, GA1952445,042  86.0 %4,682  12.50  City Farmers Marketdd's Discounts (Ross), NCG Cinemas -
100  Augusta West PlazaAugustaGAAugusta-Richmond County, GA-SC2006170,681  91.0 %1,269  8.17  -At Home, Dollar Tree, Octapharma-
101  Sweetwater VillageAustellGAAtlanta-Sandy Springs-Roswell, GA198566,197  97.8 %531  8.20  Food DepotFamily Dollar-
102  Vineyards at Chateau ElanBraseltonGAAtlanta-Sandy Springs-Roswell, GA200279,047  93.8 %1,119  15.09  Publix--
103  Cedar PlazaCedartownGACedartown, GA199483,300  100.0 %721  8.66  KrogerPlanet Fitness-
104  Conyers PlazaConyersGAAtlanta-Sandy Springs-Roswell, GA2001171,374  100.0 %2,346  13.69  Walmart Supercenter*JOANN, PetSmart, Value VillageThe Home Depot
105  Cordele SquareCordeleGACordele, GA2002127,953  85.4 %759  6.95  Harveys (Southeastern Grocers)Belk, Citi Trends, Cordele Theatres-
106  Salem Road StationCovingtonGAAtlanta-Sandy Springs-Roswell, GA200067,270  98.1 %796  12.07  Publix--
107  Keith Bridge CommonsCummingGAAtlanta-Sandy Springs-Roswell, GA200294,886  95.1 %1,226  13.58  Kroger--
108  Northside DaltonGADalton, GA200173,931  97.3 %628  8.73  -Family Dollar-
109  Cosby StationDouglasvilleGAAtlanta-Sandy Springs-Roswell, GA199477,811  92.5 %837  11.62  Publix--
110  Park Plaza DouglasvilleGAAtlanta-Sandy Springs-Roswell, GA198646,670  81.1 %727  19.29  Kroger*--
111  WestgateDublinGADublin, GA2004110,738  81.5 %674  7.79  -Big Lots, Planet FitnessThe Home Depot
112  Venture PointeDuluthGAAtlanta-Sandy Springs-Roswell, GA1995155,172  100.0 %1,648  10.62  -American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill-
113  Banks StationFayettevilleGAAtlanta-Sandy Springs-Roswell, GA2006178,871  80.6 %1,315  10.84  Food DepotCinemark, Staples-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 42
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
114  Barrett PlaceKennesawGAAtlanta-Sandy Springs-Roswell, GA1992218,818  100.0 %2,465  11.27  ALDIBest Buy, Duluth Trading, Michaels, OfficeMax, PetSmart, The Furniture Mall-
115  Shops of HuntcrestLawrencevilleGAAtlanta-Sandy Springs-Roswell, GA200397,040  95.9 %1,358  14.59  Publix--
116  Mableton WalkMabletonGAAtlanta-Sandy Springs-Roswell, GA1994105,884  100.0 %1,552  14.66  Publix--
117  The Village at MabletonMabletonGAAtlanta-Sandy Springs-Roswell, GA1959229,013  55.9 %1,036  8.10  -Dollar Tree, Ollie's Bargain Outlet, Planet Fitness-
118  Marshalls at Eastlake MariettaGAAtlanta-Sandy Springs-Roswell, GA198254,976  91.8 %545  10.80  -Marshalls-
119  New Chastain CornersMariettaGAAtlanta-Sandy Springs-Roswell, GA2004113,079  92.4 %1,165  11.15  Kroger--
120  Pavilions at EastlakeMariettaGAAtlanta-Sandy Springs-Roswell, GA1996145,853  95.6 %2,087  14.97  KrogerKayhill's Sports Bar and Grill-
121  Creekwood VillageRexGAAtlanta-Sandy Springs-Roswell, GA199069,778  93.6 %603  9.24  Food Depot--
122  Holcomb Bridge CrossingRoswellGAAtlanta-Sandy Springs-Roswell, GA198893,420  94.5 %977  11.06  -PGA TOUR Superstore-
123  Victory SquareSavannahGASavannah, GA2007119,919  90.7 %1,598  14.70  SuperTarget*Citi Trends, Dollar Tree, NCG Cinema, StaplesThe Home Depot
124  Stockbridge VillageStockbridgeGAAtlanta-Sandy Springs-Roswell, GA2008188,135  96.4 %2,945  16.23  Kroger--
125  Stone Mountain FestivalStone MountainGAAtlanta-Sandy Springs-Roswell, GA2006347,091  95.9 %1,715  5.15  Walmart SupercenterHobby Lobby, NCG Cinemas-
126  Wilmington IslandWilmington IslandGASavannah, GA1985101,462  98.4 %1,116  11.18  Kroger--
127  Haymarket MallDes MoinesIADes Moines-West Des Moines, IA1979243,120  99.4 %1,529  6.46  -Burlington Stores, Harbor Freight Tools, Hobby Lobby-
128  Haymarket SquareDes MoinesIADes Moines-West Des Moines, IA1979269,705  97.4 %1,746  6.65  Price ChopperAspen Athletic Clubs, Big Lots, Northern Tool + Equipment, Office Depot-
129  Annex of ArlingtonArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI1999199,463  93.3 %3,565  19.16  Trader Joe'sChuck E. Cheese's, Kirkland's, Petco, Ulta -
130  Ridge PlazaArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI2000151,643  72.3 %1,871  17.06  -XSport FitnessKohl's
131  Southfield PlazaBridgeviewILChicago-Naperville-Elgin, IL-IN-WI2006196,445  99.3 %2,371  12.16  Shop & Save MarketHobby Lobby, Octapharma, Planet Fitness, Walgreens-
132  Commons of Chicago RidgeChicago RidgeILChicago-Naperville-Elgin, IL-IN-WI1998324,977  92.2 %4,397  15.86  -Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness-
133  Rivercrest Shopping CenterCrestwoodILChicago-Naperville-Elgin, IL-IN-WI1992541,651  91.8 %5,998  12.81  -AMC Theatres, At Home, Best Buy, Burlington Stores, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less-
134  The Commons of Crystal LakeCrystal LakeILChicago-Naperville-Elgin, IL-IN-WI1987273,060  81.5 %2,281  10.25  Jewel-Osco (Albertsons)Burlington StoresHobby Lobby
135  Elk Grove Town CenterElk Grove VillageILChicago-Naperville-Elgin, IL-IN-WI199862,009  79.0 %1,077  21.98  -Walgreens-
136  Freeport PlazaFreeportILFreeport, IL200087,846  92.6 %608  7.47  Cub Foods (United Natural Foods Inc.)--
137  The Quentin CollectionKildeerILChicago-Naperville-Elgin, IL-IN-WI2006171,530  79.6 %2,101  15.40  -Best Buy, Painted Tree Marketplace, PetSmart, Stein Mart-
138  Butterfield SquareLibertyvilleILChicago-Naperville-Elgin, IL-IN-WI1997106,683  80.4 %1,337  15.58  Sunset Foods--
139  High Point CentreLombardILChicago-Naperville-Elgin, IL-IN-WI2019245,407  60.6 %1,840  12.38  -Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness-
140  Long Meadow CommonsMundeleinILChicago-Naperville-Elgin, IL-IN-WI1997118,281  93.9 %1,721  16.35  Jewel-OscoPlanet Fitness-
141  Westridge Court (2)NapervilleILChicago-Naperville-Elgin, IL-IN-WI1992682,626  83.0 %7,224  12.94  -Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, Edge Fitness, Old Navy, Painted Tree Marketplace, Party City, Star Cinema Grill, Ulta-
142  Rollins CrossingRound Lake BeachILChicago-Naperville-Elgin, IL-IN-WI1998192,913  94.5 %1,978  18.05  -LA Fitness, Regal Cinemas-
143  Tinley Park PlazaTinley ParkILChicago-Naperville-Elgin, IL-IN-WI1973248,077  78.0 %1,978  10.69  Walt's Fine FoodsPlanet Fitness, Tile Shop-
144  Meridian VillageCarmelINIndianapolis-Carmel-Anderson, IN1990130,769  94.7 %1,230  9.93  -Godby Home Furnishings, Ollie's Bargain Outlet-
145  Columbus CenterColumbusINColumbus, IN1964145,789  97.8 %1,814  12.72  -Big Lots, Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, UltaTarget
146  Apple Glen CrossingFort WayneINFort Wayne, IN2002150,163  85.7 %1,686  17.02  Walmart Supercenter*Best Buy, Dick's Sporting Goods, PetSmartKohl's
147  Market CentreGoshenINElkhart-Goshen, IN1994257,748  93.7 %2,158  16.35  Walmart Supercenter*Burlington Stores, JOANN, Ross Dress for Less, Staples-
148  Lincoln PlazaNew HavenINFort Wayne, IN196898,288  65.9 %544  8.40  Kroger--
149  Speedway Super Center (3)SpeedwayINIndianapolis-Carmel-Anderson, IN2020595,550  86.4 %5,769  11.43  KrogerBurlington Stores, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx-
150  Sagamore Park CentreWest LafayetteINLafayette-West Lafayette, IN2018132,027  100.0 %1,361  10.31  Pay Less (Kroger)--
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 43
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
151  Westchester SquareLenexaKSKansas City, MO-KS1987161,701  90.3 %1,458  9.98  Hy-Vee--
152  West Loop Shopping CenterManhattanKSManhattan, KS2013217,261  96.5 %2,016  15.61  Dillons (Kroger)Bellus Academy, JOANN, Marshalls-
153  North Dixie PlazaElizabethtownKYElizabethtown-Fort Knox, KY1992130,466  100.0 %1,065  8.16  -At Home, Staples-
154  Florence Plaza - Florence Square (2)FlorenceKYCincinnati, OH-KY-IN2014686,875  95.7 %7,782  14.98  KrogerBarnes & Noble, Bob's Furniture, Burlington Stores, David's Bridal, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Staples, T.J.Maxx-
155  Jeffersontown CommonsJeffersontownKYLouisville/Jefferson County, KY-IN1959208,374  95.9 %1,915  10.09  -King Pin Lanes, Louisville Athletic Club-
156  London MarketplaceLondonKYLondon, KY1994165,826  100.0 %1,565  9.44  KrogerGoody's, Kohl's, Marshalls, Planet Fitness-
157  Eastgate Shopping CenterLouisvilleKYLouisville/Jefferson County, KY-IN2002174,947  96.5 %1,927  11.41  KrogerPetco -
158  Plainview VillageLouisvilleKYLouisville/Jefferson County, KY-IN1997157,971  97.0 %1,595  10.95  Kroger--
159  Stony Brook I & IILouisvilleKYLouisville/Jefferson County, KY-IN1988158,940  95.1 %1,834  12.13  Kroger Marketplace--
160  The Pines Shopping CenterPinevilleLAAlexandria, LA1991179,039  71.4 %945  7.39  Super 1 FoodsOllie's Bargain Outlet-
161  Points West PlazaBrocktonMABoston-Cambridge-Newton, MA-NH1960131,078  94.0 %1,022  8.29  America's Food BasketCiti Trends, Crunch Fitness, L&M Bargain-
162  Burlington Square I, II & IIIBurlingtonMABoston-Cambridge-Newton, MA-NH199279,698  84.4 %1,897  28.21  -Golf Galaxy, StaplesDuluth Trading Co.
163  Holyoke Shopping CenterHolyokeMASpringfield, MA2000195,995  100.0 %1,813  13.20  Super Stop & Shop (Ahold Delhaize)JOANN, Ocean State Job Lot-
164  WaterTower PlazaLeominsterMAWorcester, MA-CT2000284,757  93.0 %2,872  11.06  -Barnes & Noble, Michaels, Party City, Petco, Staples, T.J.Maxx-
165  Lunenberg CrossingLunenburgMAWorcester, MA-CT199425,515  66.7 %262  15.40  Hannaford Bros. (Ahold Delhaize)*-Walmart
166  Lynn MarketplaceLynnMABoston-Cambridge-Newton, MA-NH196878,046  64.4 %1,025  20.38  Stop and CompareRainbow Shops-
167  Webster Square Shopping CenterMarshfieldMABoston-Cambridge-Newton, MA-NH2005182,756  91.9 %2,432  14.49  Star Market (Albertsons)Marshalls, Ocean State Job Lot-
168  Berkshire CrossingPittsfieldMAPittsfield, MA1994436,805  98.8 %4,004  21.83  Market 32Barnes & Noble, Michaels, Staples, The Home Depot, Ulta, Walmart-
169  Westgate PlazaWestfieldMASpringfield, MA1996123,673  98.9 %1,421  14.27  ALDIFive Below, Ocean State Job Lot, Staples, T.J.Maxx-
170  Perkins Farm MarketplaceWorcesterMAWorcester, MA-CT1967205,048  97.4 %2,288  17.73  Super Stop & Shop (Ahold Delhaize)Citi Trends, Crunch Fitness, Ollie's Bargain Outlet-
171  South Plaza Shopping CenterCaliforniaMDCalifornia-Lexington Park, MD200592,335  100.0 %1,788  19.36  -Best Buy, Old Navy, Petco, Ross Dress for Less-
172  Campus Village ShoppesCollege ParkMDWashington-Arlington-Alexandria, DC-VA-MD-WV198625,529  100.0 %874  34.24  ---
173  Fox RunPrince FrederickMDWashington-Arlington-Alexandria, DC-VA-MD-WV1997296,944  77.8 %3,241  14.03  Giant Food (Ahold Delhaize)Five Below, JOANN, Peebles, Planet Fitness-
174  Pine Tree Shopping CenterPortlandMEPortland-South Portland, ME1958287,513  87.3 %1,645  19.94  -Big Lots, Dollar Tree, JOANN, Lowe's-
175  Arborland CenterAnn ArborMIAnn Arbor, MI2000403,536  93.5 %6,707  18.05  KrogerBed Bath & Beyond, DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta-
176  Maple Village (3)Ann ArborMIAnn Arbor, MI2020294,029  98.6 %4,775  16.47  Plum MarketDunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Stein Mart, Ulta-
177  Grand CrossingBrightonMIDetroit-Warren-Dearborn, MI200585,389  91.6 %915  11.70  Busch’s Fresh Food MarketAce Hardware-
178  Farmington CrossroadsFarmingtonMIDetroit-Warren-Dearborn, MI198679,068  100.0 %842  10.65  -Dollar Tree, Ollie's Bargain Outlet, True Value-
179  Silver Pointe Shopping CenterFentonMIFlint, MI1996164,535  97.6 %2,020  12.67  VG's Food (SpartanNash)Dunham's Sports, Glik'sFive Below, Michaels, T.J.Maxx
180  Cascade East Grand RapidsMIGrand Rapids-Wyoming, MI198399,529  77.3 %597  7.76  D&W Fresh Market (SpartanNash)--
181  Delta CenterLansingMILansing-East Lansing, MI1985188,646  83.4 %1,474  9.52  -Bed Bath & Beyond, DXL Destination XL, Hobby Lobby, Planet Fitness-
182  Lakes CrossingMuskegonMIMuskegon, MI2008104,600  88.4 %1,380  14.92  -JOANN, Party City, Shoe Carnival, UltaKohl's
183  Redford PlazaRedfordMIDetroit-Warren-Dearborn, MI1992280,883  86.6 %2,680  11.02  Prince Valley MarketBlink Fitness (Equinox), Burlington Stores, Citi Trends, Dollar Tree-
184  Hampton Village CentreRochester HillsMIDetroit-Warren-Dearborn, MI2004464,931  96.1 %6,562  19.32  -Best Buy, DSW, Emagine Theatre, Kohl's, Old Navy, Petco, T.J.Maxx, UltaTarget
185  Fashion CornersSaginawMISaginaw, MI2004184,735  99.3 %1,905  10.39  -Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools-
186  Southfield PlazaSouthfieldMIDetroit-Warren-Dearborn, MI1970101,724  100.0 %1,190  11.70  -Party City, Planet FitnessBurlington Stores
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 44
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PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
187  18 RyanSterling HeightsMIDetroit-Warren-Dearborn, MI1997101,564  95.1 %942  9.75  Dream MarketO'Reilly Auto Parts, Planet Fitness, Redline Athletics-
188  Delco PlazaSterling HeightsMIDetroit-Warren-Dearborn, MI1996154,853  100.0 %1,107  7.15  -Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park-
189  West RidgeWestlandMIDetroit-Warren-Dearborn, MI1989162,874  75.1 %1,350  11.04  -Bed Bath & Beyond, Crunch Fitness, Party City, PetcoBurlington Stores, Target
190  Washtenaw Fountain PlazaYpsilantiMIAnn Arbor, MI2005122,762  67.5 %690  8.33  Save-A-LotDollar Tree, Planet Fitness-
191  Southport Centre I - VIApple ValleyMNMinneapolis-St. Paul-Bloomington, MN-WI1985124,243  97.2 %2,230  18.47  SuperTarget*Best Buy, Dollar Tree, Walgreens-
192  Burning Tree PlazaDuluthMNDuluth, MN-WI1987183,006  98.2 %2,357  13.12  -Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx-
193  Elk Park CenterElk RiverMNMinneapolis-St. Paul-Bloomington, MN-WI1999205,009  86.5 %1,984  11.19  Cub Foods (Jerry's Foods)--
194  Westwind PlazaMinnetonkaMNMinneapolis-St. Paul-Bloomington, MN-WI200791,607  97.0 %1,735  20.35  Cub Foods (United Natural Foods Inc.)*--
195  Richfield HubRichfieldMNMinneapolis-St. Paul-Bloomington, MN-WI1952213,595  91.1 %2,160  11.10  -Marshalls, Michaels-
196  Roseville Center (3)Roseville MNMinneapolis-St. Paul-Bloomington, MN-WI202080,165  95.7 %1,031  19.77  ALDI, Cub Foods (Jerry's Foods)*Dollar Tree-
197  Marketplace @ 42SavageMNMinneapolis-St. Paul-Bloomington, MN-WI1999114,567  98.4 %1,807  16.02  Fresh Thyme Farmers MarketMarshalls-
198  Sun Ray Shopping CenterSt. PaulMNMinneapolis-St. Paul-Bloomington, MN-WI1958291,048  78.4 %2,098  12.93  Cub Foods (United Natural Foods Inc.)Planet Fitness, T.J.Maxx, Valu Thrift Store-
199  White Bear Hills Shopping CenterWhite Bear LakeMNMinneapolis-St. Paul-Bloomington, MN-WI199673,095  94.2 %823  11.96  Festival FoodsDollar Tree-
200  Ellisville SquareEllisvilleMOSt. Louis, MO-IL1989137,446  96.4 %1,694  13.11  ALDIMichaels, Party City, Petco, Tuesday Morning-
201  Hub Shopping CenterIndependenceMOKansas City, MO-KS1995160,423  87.3 %783  5.99  Price Chopper--
202  Watts Mill PlazaKansas CityMOKansas City, MO-KS1997161,717  100.0 %1,439  8.90  Price ChopperAce Hardware-
203  Liberty CornersLibertyMOKansas City, MO-KS1987124,808  89.4 %997  8.93  Price Chopper--
204  Maplewood SquareMaplewoodMOSt. Louis, MO-IL199871,590  91.1 %426  6.53  Schnucks--
205  Devonshire PlaceCaryNCRaleigh, NC1996106,680  100.0 %1,572  15.05  -Burlington Stores, Dollar Tree, Harbor Freight Tools, REI-
206  McMullen Creek MarketCharlotteNCCharlotte-Concord-Gastonia, NC-SC1988281,924  91.0 %3,981  15.51  Walmart Neighborhood MarketBurlington Stores, Dollar Tree, Staples-
207  The Commons at Chancellor ParkCharlotteNCCharlotte-Concord-Gastonia, NC-SC1994348,604  89.6 %1,937  9.37  Patel BrothersBig Lots, Gabriel Brothers, The Home Depot, Value City Furniture-
208  Macon PlazaFranklinNC200192,583  100.0 %545  10.81  BI-LO (Southeastern Grocers)Peebles-
209  Garner Towne SquareGarnerNCRaleigh, NC1997184,346  100.0 %2,297  12.46  -Burn Boot Camp, Citi Trends, OfficeMax, PetSmartTarget, The Home Depot
210  Franklin SquareGastoniaNCCharlotte-Concord-Gastonia, NC-SC1989317,824  90.8 %3,557  13.77  Walmart SupercenterBest Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, Ross Dress for Less, Skechers-
211  Wendover PlaceGreensboroNCGreensboro-High Point, NC2000406,768  95.7 %5,451  14.01  -Burlington Stores, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for LessTarget
212  University CommonsGreenvilleNCGreenville, NC1996233,153  84.9 %2,860  14.45  Harris Teeter (Kroger)Barnes & Noble, Petco, T.J.MaxxTarget
213  Valley CrossingHickoryNCHickory-Lenoir-Morganton, NC2014191,431  91.1 %1,707  9.79  -Academy Sports + Outdoors, Dollar Tree, Harbor Freight Tools, Ollie's Bargain Outlet-
214  Kinston PointeKinstonNCKinston, NC2001250,580  100.0 %1,089  4.35  Walmart SupercenterDollar Tree-
215  Magnolia PlazaMorgantonNCHickory-Lenoir-Morganton, NC199093,553  84.1 %635  8.07  -Big Lots, Harbor Freight ToolsRural King
216  Roxboro SquareRoxboroNCDurham-Chapel Hill, NC200597,226  98.4 %1,415  14.79  -Person County Health & Human Services-
217  Innes Street MarketSalisburyNCCharlotte-Concord-Gastonia, NC-SC2002349,425  100.0 %4,187  11.98  Food Lion (Ahold Delhaize)Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown-
218  CrossroadsStatesvilleNCCharlotte-Concord-Gastonia, NC-SC1997340,189  100.0 %2,315  6.81  Walmart SupercenterBig Lots, Burkes Outlet, Tractor Supply-
219  Anson StationWadesboroNC1988132,353  99.1 %834  6.36  Food Lion (Ahold Delhaize)Peebles, Rose's, Tractor Supply Co.-
220  New Centre MarketWilmingtonNCWilmington, NC1998143,762  89.6 %1,757  14.06  -PetSmart, Sportsmans WarehouseTarget
221  University CommonsWilmingtonNCWilmington, NC2007235,345  99.4 %3,532  15.10  Lowes FoodsHomeGoods, T.J.Maxx-
222  Whitaker SquareWinston SalemNCWinston-Salem, NC199682,760  96.6 %1,182  14.78  Harris Teeter (Kroger)--
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 45
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PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
223  Parkway PlazaWinston-SalemNCWinston-Salem, NC2005282,493  86.5 %2,956  13.11  Super Compare FoodsBadcock Home Furniture, Citi Trends, Modern Home, Office Depot -
224  Stratford CommonsWinston-SalemNCWinston-Salem, NC199572,308  100.0 %899  12.43  -Golf Galaxy, Mattress Firm, OfficeMax-
225  Bedford GroveBedfordNHManchester-Nashua, NH1989216,699  41.3 %1,490  16.67  -Bed Bath & Beyond, Boston Interiors-
226  Capitol Shopping CenterConcordNHConcord, NH2001191,887  100.0 %2,235  12.51  Market Basket (DeMoulas Supermarkets)Burlington Stores, JOANN, Marshalls-
227  Willow Springs PlazaNashua NHManchester-Nashua, NH1990131,248  72.7 %1,966  23.26  -New Hampshire Liquor and Wine Outlet, PetcoThe Home Depot
228  Seacoast Shopping CenterSeabrook NHBoston-Cambridge-Newton, MA-NH199191,690  82.3 %484  6.68  -JOANN, NH1 MotorPlexAshley Furniture, Cardi's Furniture, Ocean State Job Lot
229  Tri-City PlazaSomersworthNHBoston-Cambridge-Newton, MA-NH1990150,004  96.7 %1,444  9.95  Market Basket (DeMoulas Supermarkets)Staples, T.J.Maxx-
230  Laurel Square (3)BrickNJNew York-Newark-Jersey City, NY-NJ-PA2020246,235  80.9 %1,778  8.92  Corrado's MarketAt Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square-
231  The Shoppes at CinnaminsonCinnaminsonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2010301,211  93.7 %4,550  24.35  ShopRiteBurlington Stores, Planet Fitness, Ross Dress For Less-
232  Acme ClarkClarkNJNew York-Newark-Jersey City, NY-NJ-PA200752,812  100.0 %1,422  26.93  Acme (Albertsons)--
233  Collegetown Shopping Center (3)GlassboroNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020245,654  90.9 %2,864  12.99  LIDLBig Lots, LA Fitness, Ross Dress for Less, Staples-
234  Hamilton PlazaHamiltonNJTrenton, NJ1972157,035  100.0 %1,789  11.39  -Dollar Tree, Hibachi Grill & Supreme Buffet, Planet Fitness, Rothman Orthopaedic Institue-
235  Bennetts Mills PlazaJacksonNJNew York-Newark-Jersey City, NY-NJ-PA2002127,230  91.0 %1,536  13.27  Super Stop & Shop (Ahold Delhaize)--
236  Marlton CrossingMarltonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2019335,378  98.4 %6,846  20.74  Sprouts Farmers MarketBurlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx-
237  Middletown PlazaMiddletownNJNew York-Newark-Jersey City, NY-NJ-PA2001197,066  98.2 %3,831  20.06  ShopRitePetco, Rite Aid-
238  Larchmont CentreMount LaurelNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1985103,787  86.1 %1,107  32.35  ShopRite--
239  Old Bridge GatewayOld BridgeNJNew York-Newark-Jersey City, NY-NJ-PA1995246,120  96.1 %3,788  16.02  Bhavani Food MarketMarshalls, Pep Boys, Petco, Robert Wood Johnson Fitness-
240  Morris Hills Shopping CenterParsippanyNJNew York-Newark-Jersey City, NY-NJ-PA1994159,561  100.0 %3,022  18.94  -Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls-
241  Rio Grande PlazaRio GrandeNJOcean City, NJ1997136,822  95.2 %1,534  11.78  ShopRite*Peebles, PetSmart, Planet Fitness-
242  Ocean Heights PlazaSomers PointNJAtlantic City-Hammonton, NJ2006179,199  96.7 %3,427  19.78  ShopRiteDollar Tree, Staples-
243  Springfield PlaceSpringfieldNJNew York-Newark-Jersey City, NY-NJ-PA196536,209  100.0 %655  18.09  ShopRite--
244  Tinton Falls PlazaTinton FallsNJNew York-Newark-Jersey City, NY-NJ-PA200687,760  100.0 %1,508  17.18  -Dollar Tree, Jersey Strong-
245  Cross Keys CommonsTurnersvilleNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989216,205  92.9 %3,035  15.11  Walmart Supercenter*Dollar Tree, Marshalls, Rainbow Shops, Ross Dress for Less, Staples, Ulta-
246  Parkway PlazaCarle PlaceNYNew York-Newark-Jersey City, NY-NJ-PA199389,704  100.0 %2,816  31.39  -Minado, Stew Leonard's Wines, T.J.Maxx-
247  Erie Canal CentreDeWittNYSyracuse, NY2018128,404  100.0 %1,951  15.19  -Burlington Stores, Dick's Sporting Goods, Michaels-
248  Unity Plaza East FishkillNYNew York-Newark-Jersey City, NY-NJ-PA200567,462  100.0 %1,438  21.32  Acme (Albertsons)True Value-
249  Suffolk PlazaEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199884,480  21.3 %594  33.00  BJ's Wholesale*-Kohl's, Walmart
250  Three Village Shopping CenterEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199177,458  97.7 %2,106  27.84  Stop & Shop*, Wild by Nature Market*Ace HardwareRite Aid
251  Stewart PlazaGarden CityNYNew York-Newark-Jersey City, NY-NJ-PA1990208,394  97.7 %3,455  16.97  -Burlington Stores, Dollar Tree, K&G Fashion Superstore, Phenix Salon Suites-
252  Dalewood I, II & III Shopping CenterHartsdaleNYNew York-Newark-Jersey City, NY-NJ-PA1972194,441  97.5 %7,056  38.05  H-MartChristmas Tree Shops, T.J.Maxx-
253  Cayuga MallIthacaNYIthaca, NY1969204,405  100.0 %1,876  9.90  -Big Lots, Dollar Tree, JOANN, Party City, Planet Fitness, Rite Aid, True Value-
254  Kings Park PlazaKings ParkNYNew York-Newark-Jersey City, NY-NJ-PA198572,208  100.0 %1,611  22.31  Key Food MarketplaceT.J.Maxx-
255  Village Square Shopping CenterLarchmontNYNew York-Newark-Jersey City, NY-NJ-PA198117,000  100.0 %610  35.88  Trader Joe's--
256  Falcaro's PlazaLawrenceNYNew York-Newark-Jersey City, NY-NJ-PA197261,904  100.0 %1,484  23.97  KolSave Market*Advance Auto Parts, Dollar Tree, Planet Fitness-
257  Mamaroneck Centre (3)MamaroneckNYNew York-Newark-Jersey City, NY-NJ-PA202036,848  95.1 %1,329  37.93  North Shore FarmsCVS-
258  Sunshine SquareMedfordNYNew York-Newark-Jersey City, NY-NJ-PA2007223,322  97.0 %3,138  14.94  Super Stop & Shop (Ahold Delhaize)Lumber Liquidators, Planet Fitness, Savers-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 46
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
259  Wallkill PlazaMiddletownNYNew York-Newark-Jersey City, NY-NJ-PA1986209,910  97.0 %2,182  11.05  -Ashley Furniture, Big Lots, Citi Trends, David's Bridal, Hobby Lobby-
260  Monroe ShopRite PlazaMonroeNYNew York-Newark-Jersey City, NY-NJ-PA1985122,007  100.0 %2,022  16.57  ShopRiteBetter Lifestyle Club, Rite Aid, U.S. Post Office-
261  Rockland PlazaNanuetNYNew York-Newark-Jersey City, NY-NJ-PA2006255,542  88.6 %6,243  27.58  A Matter of HealthBarnes & Noble, Marshalls, Petco-
262  North Ridge Shopping CenterNew RochelleNYNew York-Newark-Jersey City, NY-NJ-PA197139,008  86.3 %1,268  37.69  -Harmon Discount-
263  Nesconset Shopping CenterPort Jefferson StationNYNew York-Newark-Jersey City, NY-NJ-PA1961122,996  97.2 %2,788  23.33  -Dollar Tree, HomeGoods-
264  Roanoke PlazaRiverheadNYNew York-Newark-Jersey City, NY-NJ-PA200299,131  100.0 %1,981  19.98  Best Market (LIDL)CVS, T.J.Maxx-
265  Riverhead RiverheadNYNew York-Newark-Jersey City, NY-NJ-PA2018115,089  100.0 %2,753  23.92  Costco*HomeSense, Marshalls, Petsmart, Ulta-
266  Rockville CentreRockville CentreNYNew York-Newark-Jersey City, NY-NJ-PA197544,131  100.0 %1,243  28.17  -HomeGoods, Rite Aid-
267  College PlazaSeldenNYNew York-Newark-Jersey City, NY-NJ-PA2013180,182  90.0 %2,982  18.91  ShopRiteBlink Fitness (Equinox), Bob's StoresFirestone
268  Campus PlazaVestalNYBinghamton, NY2003160,744  97.3 %1,866  11.93  -Olum's Furniture & Appliances, Staples-
269  Parkway PlazaVestalNYBinghamton, NY1995207,154  100.0 %2,263  10.92  -Bed Bath & Beyond, Kohl's, PetSmartTarget
270  Shoppes at VestalVestalNYBinghamton, NY200092,328  91.0 %1,401  16.67  -HomeGoods, Michaels, Old Navy-
271  Town Square MallVestalNYBinghamton, NY1991291,346  90.9 %4,568  17.24  Sam's Club*, Walmart Supercenter*AMC Theatres, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta-
272  The Plaza at Salmon RunWatertownNYWatertown-Fort Drum, NY199368,761  94.1 %707  10.92  Hannaford Bros. (Ahold Delhaize)Red Robin Gourmet BurgerLowe's
273  Highridge PlazaYonkersNYNew York-Newark-Jersey City, NY-NJ-PA197788,501  98.4 %2,636  30.27  H-Mart--
274  Brunswick Town CenterBrunswickOHCleveland-Elyria, OH2004143,282  100.0 %2,107  15.24  Giant Eagle-The Home Depot
275  30th Street PlazaCantonOHCanton-Massillon, OH1999145,935  93.6 %1,476  10.81  Giant Eagle--
276  Brentwood PlazaCincinnatiOHCincinnati, OH-KY-IN2004223,843  93.0 %2,488  18.46  KrogerPetco, Planet Fitness, Rainbow Shops-
277  Delhi Shopping CenterCincinnatiOHCincinnati, OH-KY-IN1973164,750  97.4 %1,411  8.79  KrogerPet Supplies Plus, Salvation Army-
278  Harpers StationCincinnatiOHCincinnati, OH-KY-IN1994252,326  93.4 %3,555  15.09  Fresh Thyme Farmers MarketHomeGoods, LA Fitness, Pet Supplies Plus, Stein Mart, T.J.Maxx-
279  Western Hills Plaza (3)CincinnatiOHCincinnati, OH-KY-IN2020231,982  100.0 %4,470  20.01  -Michaels, Old Navy, Staples, T.J.Maxx, UltaTarget
280  Western VillageCincinnatiOHCincinnati, OH-KY-IN2005115,791  96.4 %1,169  37.68  Kroger--
281  Crown PointColumbusOHColumbus, OH1980144,931  89.5 %1,314  10.13  KrogerDollar Tree, Planet Fitness-
282  Greentree Shopping CenterColumbusOHColumbus, OH2005131,573  84.9 %1,196  11.53  Kroger--
283  Brandt Pike PlaceDaytonOHDayton, OH200817,900  100.0 %200  11.17  Kroger*--
284  South Towne CentreDaytonOHDayton, OH1972333,998  98.1 %4,407  13.77  Health Foods UnlimitedBurlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Value City Furniture-
285  Southland Shopping CenterMiddleburg HeightsOHCleveland-Elyria, OH1951582,492  76.1 %5,169  11.66  Giant Eagle, Marc'sCleveland Furniture Bank, JOANN, Marshalls, Party CityBJ's Wholesale Club
286  The Shoppes at North OlmstedNorth OlmstedOHCleveland-Elyria, OH200270,003  100.0 %1,172  16.74  -Ollie's Bargain Outlet, Sears Outlet-
287  Surrey Square MallNorwoodOHCincinnati, OH-KY-IN2010175,167  96.7 %2,217  26.06  KrogerMarshalls-
288  Brice ParkReynoldsburgOHColumbus, OH1989158,565  95.7 %1,454  10.83  -Ashley Furniture, Citi Trends, Dollar Tree, Michaels-
289  Miracle Mile Shopping PlazaToledoOHToledo, OH1955295,665  82.3 %1,767  12.89  KrogerBig Lots, Crunch Fitness, Harbor Freight Tools-
290  MarketplaceTulsaOKTulsa, OK1992186,851  100.0 %1,894  10.14  -Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmartBest Buy
291  Village WestAllentownPAAllentown-Bethlehem-Easton, PA-NJ1999140,474  96.4 %2,824  20.86  Giant Food (Ahold Delhaize)CVS, Dollar Tree -
292  Park Hills PlazaAltoonaPAAltoona, PA1985265,200  87.3 %2,321  10.12  Weis MarketsBurlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park-
293  Bethel Park Shopping CenterBethel ParkPAPittsburgh, PA1965202,349  100.0 %2,089  11.63  Giant EaglePep Boys, Walmart-
294  Lehigh Shopping CenterBethlehemPAAllentown-Bethlehem-Easton, PA-NJ1955373,766  97.0 %3,994  13.85  Giant Food (Ahold Delhaize)Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe-
295  Bristol ParkBristolPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1993290,654  82.7 %1,899  8.12  -Dollar Tree, Family Dollar, Ollie's Bargain Outlet-
296  Chalfont Village Shopping CenterChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD198946,051  69.9 %406  12.61  ---
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 47
image451.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
297  New Britain Village SquareChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989143,716  87.3 %2,450  19.53  Giant Food (Ahold Delhaize)Wine & Spirits Shoppe-
298  Collegeville Shopping Center (3)CollegevillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020110,430  83.4 %1,573  17.09  Kimberton Whole FoodsPep Boys, Rascal Fitness-
299  Plymouth Square Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1959235,728  69.6 %3,256  19.85  Weis MarketsMarshalls, REI-
300  Whitemarsh Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD200274,432  100.0 %2,001  26.88  Giant Food (Ahold Delhaize)Wine & Spirits Shoppe-
301  Valley FairDevonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2001105,086  97.1 %1,044  10.23  -Chuck E. Cheese's-
302  Dickson City CrossingsDickson CityPAScranton--Wilkes-Barre--Hazleton, PA1997312,699  87.4 %2,953  18.49  -Burlington Stores, Dollar Tree, Gabe's, Party City, PetSmart, The Home Depot, T.J.Maxx-
303  Barn PlazaDoylestownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2002237,681  99.3 %3,609  15.30  -Kohl's, Marshalls, Regal Cinemas-
304  Pilgrim GardensDrexel HillPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD195575,223  96.9 %1,299  17.83  -Dollar Tree, Ross Dress for Less, Tuesday Morning, U.S. Post Office-
305  New Garden CenterKennett SquarePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1979144,920  94.8 %956  7.12  -Big Lots, Ollie's Bargain Outlet, Planet Fitness-
306  North Penn Market PlaceLansdalePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD197758,358  95.6 %1,008  19.30  Weis Markets*--
307  Village at Newtown (3)NewtownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020213,530  96.0 %6,596  33.08  McCaffrey'sUlta-
308  IvyridgePhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1963106,353  97.6 %2,772  26.71  -Dollar Tree, Target, Wine & Spirits Shoppe-
309  Roosevelt MallPhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020581,405  96.8 %8,851  35.47  -LA Fitness, Macy's, Rainbow Shops, Ross Dress For Less -
310  Shoppes at Valley ForgePhoenixvillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2003176,676  78.7 %1,102  7.93  Redner's Warehouse MarketStaples-
311  County Line PlazaSoudertonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1971154,758  92.3 %1,521  11.10  ALDIDollar Tree, Planet Fitness, Rite Aid, VF Outlet-
312  69th Street PlazaUpper DarbyPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD199441,711  100.0 %451  10.81  Fresh Grocer (Wakefern)*EZ Bargains, Rent-A-Center, Super Dollar City-
313  Warminster Towne CenterWarminsterPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1997237,152  90.0 %3,391  17.40  ShopRiteOld Navy, Party City, PetSmart, Ross Dress for LessKohl's
314  Shops at ProspectWest HempfieldPALancaster, PA199463,392  97.6 %803  12.97  Giant Food (Ahold Delhaize)Penn State HealthKmart
315  Whitehall SquareWhitehallPAAllentown-Bethlehem-Easton, PA-NJ2006315,192  97.5 %3,545  11.53  Redner's Warehouse MarketDollar Tree, Gabe's, National Tire & Battery, PetSmart, Ross Dress for Less, Staples-
316  Wilkes-Barre Township MarketplaceWilkes-Barre PAScranton--Wilkes-Barre--Hazleton, PA2004306,440  97.9 %2,376  34.31  Walmart SupercenterChuck E Cheese, Cracker Barrel, Party City, Pet Supplies Plus-
317  Belfair Towne VillageBlufftonSCHilton Head Island-Bluffton-Beaufort, SC2006165,039  95.4 %2,486  15.78  KrogerStein Mart-
318  Milestone PlazaGreenvilleSCGreenville-Anderson-Mauldin, SC199589,721  97.4 %1,593  19.37  BI-LO (Southeastern Grocers)--
319  Circle CenterHilton Head IslandSCHilton Head Island-Bluffton-Beaufort, SC200065,313  96.9 %889  14.04  BI-LO (Southeastern Grocers)--
320  Island PlazaJames IslandSCCharleston-North Charleston, SC1994173,524  97.3 %1,669  10.02  Food Lion (Ahold Delhaize)Dollar Tree, Gold's Gym, Tuesday Morning-
321  Festival CentreNorth CharlestonSCCharleston-North Charleston, SC1987325,347  82.0 %2,383  9.05  -Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet-
322  Fairview Corners I & IISimpsonvilleSCGreenville-Anderson-Mauldin, SC2003131,002  98.9 %2,291  17.69  -Ross Dress for Less, T.J.MaxxTarget
323  Hillcrest Market PlaceSpartanburgSCSpartanburg, SC1965360,277  89.4 %4,008  13.09  PublixMarshalls, NCG Cinemas, Office Depot, Petco, Ross Dress for Less, Stein Mart-
324  East Ridge CrossingChattanooga TNChattanooga, TN-GA199958,950  86.8 %551  10.77  Food Lion (Ahold Delhaize)--
325  Watson Glen Shopping CenterFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988265,027  99.7 %2,850  10.88  ALDIAt Home, Big Lots, Franklin Athletic Club, Trees n Trends-
326  Williamson SquareFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988331,386  99.6 %3,960  12.00  -Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness-
327  Greeneville CommonsGreenevilleTNGreeneville, TN2002224,139  97.1 %1,924  8.94  -Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less-
328  Kingston OverlookKnoxvilleTNKnoxville, TN1996122,536  100.0 %907  7.60  -Badcock Home Furniture, Painted Tree Marketplace, Sears Outlet, Urban Air Adventure Park-
329  The Commons at Wolfcreek (2)MemphisTNMemphis, TN-MS-AR2014652,349  95.0 %9,502  15.87  -Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Dave & Busters, David's Bridal, DSW, Office Depot, Painted Tree Marketplace, PetSmart, T.J.MaxxTarget, The Home Depot
330  Georgetown SquareMurfreesboroTNNashville-Davidson--Murfreesboro--Franklin, TN2003114,117  86.8 %1,247  12.59  KrogerAaron's-
331  Nashboro VillageNashvilleTNNashville-Davidson--Murfreesboro--Franklin, TN199886,811  100.0 %1,131  13.03  Kroger-Walgreens
332  Commerce CentralTullahomaTNTullahoma-Manchester, TN1995182,401  98.9 %1,349  7.48  Walmart SupercenterDollar Tree-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 48
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PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
333  Parmer CrossingAustinTXAustin-Round Rock, TX1989169,405  97.7 %2,097  12.67  Desi BrothersBig Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet FitnessFry's Electronics
334  Baytown Shopping CenterBaytownTXHouston-The Woodlands-Sugar Land, TX198795,941  91.2 %1,324  15.14  -24 Hour Fitness-
335  El CaminoBellaireTXHouston-The Woodlands-Sugar Land, TX200871,651  98.5 %679  9.62  El Ahorro SupermarketDollar Tree, Family Dollar-
336  Bryan SquareBryanTXCollege Station-Bryan, TX200859,029  100.0 %371  7.32  -99 Cents Only, Citi Trends, Firestone, Tandem Logistics-
337  TownshireBryanTXCollege Station-Bryan, TX2002136,887  88.8 %1,019  8.38  -Tops Printing-
338  Central StationCollege StationTXCollege Station-Bryan, TX1976176,598  94.5 %2,917  17.91  -Dollar Tree, HomeGoods, Party City, Spec's LiquorsKohl's
339  Rock Prairie CrossingCollege StationTXCollege Station-Bryan, TX2002118,700  100.0 %1,446  27.47  KrogerCVS-
340  Carmel VillageCorpus ChristiTXCorpus Christi, TX201984,667  98.4 %1,065  12.78  -Crunch Fitness, Dollar Tree, Tuesday Morning-
341  Claremont VillageDallasTXDallas-Fort Worth-Arlington, TX197666,980  94.2 %554  8.88  -Family Dollar-
342  Kessler PlazaDallasTXDallas-Fort Worth-Arlington, TX197568,962  88.6 %674  11.03  -Canales, Family Dollar-
343  Stevens Park VillageDallasTXDallas-Fort Worth-Arlington, TX197445,492  100.0 %470  10.33  -Big Lots, O'Reilly Auto Parts-
344  Webb Royal PlazaDallasTXDallas-Fort Worth-Arlington, TX1961108,545  90.7 %1,105  11.77  El Rio Grande Latin MarketFamily Dollar-
345  Wynnewood Village (3)DallasTXDallas-Fort Worth-Arlington, TX2020541,168  96.2 %6,561  15.00  El Rancho, KrogerFallas, Five Below, Kids Empire, LA Fitness, Maya Cinema, Ross Dress for Less-
346  ParktownDeer ParkTXHouston-The Woodlands-Sugar Land, TX1999118,221  93.9 %1,028  9.26  Food TownBurkes Outlet, Walgreens-
347  Kenworthy CrossingEl PasoTXEl Paso, TX200374,393  92.6 %741  10.76  Albertsons-Anytime Fitness
348  Preston RidgeFriscoTXDallas-Fort Worth-Arlington, TX2018789,559  96.3 %15,957  21.13  SuperTarget*Best Buy, Big Lots, Boot Barn, DSW, Marshalls, Nordstrom Rack, Old Navy, Ross Dress for Less, Saks OFF Fifth, Stein Mart, T.J.Maxx-
349  Ridglea PlazaFort WorthTXDallas-Fort Worth-Arlington, TX1990170,519  92.0 %1,994  12.71  Tom Thumb (Albertsons)Goody Goody Wine & Spirits, Stein Mart-
350  Trinity CommonsFort WorthTXDallas-Fort Worth-Arlington, TX1998197,423  97.7 %3,877  20.09  Tom Thumb (Albertsons)DSW, Ulta-
351  Village PlazaGarlandTXDallas-Fort Worth-Arlington, TX200289,444  94.4 %1,167  13.90  Truong Nguyen Grocer--
352  Highland Village Town CenterHighland VillageTXDallas-Fort Worth-Arlington, TX199699,374  97.5 %1,074  11.08  -Painted Tree Marketplace, Planet Fitness-
353  Bay Forest HoustonTXHouston-The Woodlands-Sugar Land, TX200471,667  98.7 %777  10.98  Kroger--
354  Beltway SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1998107,174  97.0 %989  29.22  Kroger--
355  Braes Heights (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202092,904  85.1 %2,106  26.64  -CVS, Imagination Toys, I W Marks Jewelers, My Salon Suites-
356  Braes Oaks CenterHoustonTXHouston-The Woodlands-Sugar Land, TX199242,567  89.4 %404  10.62  ---
357  BraesgateHoustonTXHouston-The Woodlands-Sugar Land, TX199791,382  98.3 %665  7.40  Food Town--
358  BroadwayHoustonTXHouston-The Woodlands-Sugar Land, TX200674,717  100.0 %931  12.95  El Ahorro SupermarketBlink Fitness (Equinox), Melrose Fashions-
359  Clear Lake Camino SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1964105,501  92.7 %1,468  16.04  ALDI24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors-
360  Hearthstone Corners HoustonTXHouston-The Woodlands-Sugar Land, TX2019208,147  95.8 %2,120  10.64  El RanchoBig Lots, Conn's-
361  Jester Village (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202062,665  88.5 %1,232  22.22  -24 Hour Fitness-
362  Jones Plaza (3)HoustonTXHouston-The Woodlands-Sugar Land, TX2020111,206  74.0 %935  11.36  La Michoacana SupermarketAaron's, Fitness Connection-
363  Jones SquareHoustonTXHouston-The Woodlands-Sugar Land, TX1999169,786  100.0 %1,427  8.41  -Big Lots, Hobby Lobby-
364  MaplewoodHoustonTXHouston-The Woodlands-Sugar Land, TX200499,177  99.4 %943  9.57  FoodaramaBurke's Outlet, Kids Empire-
365  Merchants ParkHoustonTXHouston-The Woodlands-Sugar Land, TX2009243,798  98.3 %3,382  14.11  KrogerBig Lots, Petco, Ross Dress for Less, Tuesday Morning-
366  NorthgateHoustonTXHouston-The Woodlands-Sugar Land, TX197240,244  100.0 %354  8.80  El Rancho*Affordable Furniture, Firestone, TitleMax-
367  NorthshoreHoustonTXHouston-The Woodlands-Sugar Land, TX2001223,954  90.2 %2,781  13.99  Sellers Bros.Conn's, Dollar Tree, Office Depot-
368  Northtown PlazaHoustonTXHouston-The Woodlands-Sugar Land, TX1960190,559  83.6 %2,228  14.20  El Rancho99 Cents Only, dd's Discounts (Ross)-
369  Orange GroveHoustonTXHouston-The Woodlands-Sugar Land, TX2005184,704  98.2 %1,682  9.67  -24 Hour Fitness, Floor & Décor-
370  Royal Oaks VillageHoustonTXHouston-The Woodlands-Sugar Land, TX2001144,929  96.7 %3,257  23.24  H-E-B--
371  Tanglewilde CenterHoustonTXHouston-The Woodlands-Sugar Land, TX199883,343  100.0 %1,318  15.95  ALDIDollar Tree, Party City, Salon In The Park-
372  Westheimer CommonsHoustonTXHouston-The Woodlands-Sugar Land, TX1984245,714  94.1 %2,254  9.75  Fiesta MartKing Dollar, Marshalls, Sanitas Medical Center-
Supplemental Disclosure - Three Months Ended June 30, 2020
Page 49
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PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
373  Fry Road CrossingKatyTXHouston-The Woodlands-Sugar Land, TX2005240,940  99.2 %2,693  11.68  -Hobby Lobby, Stein Mart-
374  Jefferson ParkMount PleasantTXMount Pleasant, TX2001130,096  100.0 %981  7.54  Super 1 FoodsHarbor Freight Tools, PetSense-
375  Winwood Town CenterOdessaTXOdessa, TX2002372,534  100.0 %3,333  14.16  H-E-Bdd's Discounts (Ross), Michaels, Office Depot, Party City, Ross Dress for Less, Target -
376  Crossroads Centre - PasadenaPasadenaTXHouston-The Woodlands-Sugar Land, TX1997146,567  94.3 %2,023  15.63  KrogerLA Fitness-
377  Spencer SquarePasadenaTXHouston-The Woodlands-Sugar Land, TX1998186,732  94.7 %2,165  12.60  KrogerBurkes Outlet-
378  Pearland PlazaPearlandTXHouston-The Woodlands-Sugar Land, TX1995156,491  94.6 %1,283  8.66  KrogerAmerican Freight Furniture, Harbor Freight Tools, Walgreens-
379  Market PlazaPlanoTXDallas-Fort Worth-Arlington, TX2002142,058  82.1 %2,632  23.67  Central Market (H-E-B)--
380  Preston Park VillagePlanoTXDallas-Fort Worth-Arlington, TX1985270,128  81.8 %5,609  25.38  -Gap Factory Store, Infinite Bounds Gymnastics-
381  Keegan's MeadowStaffordTXHouston-The Woodlands-Sugar Land, TX1999125,293  96.0 %1,304  11.17  El RanchoPalais Royal-
382  Texas City BayTexas CityTXHouston-The Woodlands-Sugar Land, TX2005224,617  93.7 %2,143  10.29  KrogerConn's, Harbor Freight Tools, Planet Fitness-
383  Windvale CenterThe WoodlandsTXHouston-The Woodlands-Sugar Land, TX2002100,688  95.9 %1,928  19.97  -Star Cinema-
384  The Centre at Navarro VictoriaTXVictoria, TX200566,102  96.2 %759  16.70  ALDIPlanet Fitness, Walgreens-
385  Culpeper Town SquareCulpeperVAWashington-Arlington-Alexandria, DC-VA-MD-WV1999132,882  75.2 %881  8.82  -Mountain Run Bowling, Tractor Supply Co.-
386  Hanover SquareMechanicsvilleVARichmond, VA1991140,448  94.6 %1,995  15.01  -Gold's Gym, Hobby LobbyKohl's
387  Tuckernuck SquareRichmondVARichmond, VA198188,220  96.5 %1,428  16.78  -2nd & Charles, Chuck E. Cheese's-
388  Cave Spring CornersRoanokeVARoanoke, VA2005147,133  100.0 %1,219  13.81  KrogerHamrick's -
389  Hunting HillsRoanokeVARoanoke, VA1989167,875  95.3 %1,476  9.32  -Dollar Tree, Kohl's, PetSmart-
390  Hilltop PlazaVirginia BeachVAVirginia Beach-Norfolk-Newport News, VA-NC2010150,300  97.7 %2,837  21.34  Trader Joe'sJOANN, Kirkland’s, PetSmart, Ulta-
391  Ridgeview CentreWiseVABig Stone Gap, VA1990190,242  76.5 %1,049  7.21  -Dollar Tree, Grand Home Furnishings, Harbor Freight Tools, Marshalls, Ollie's Bargain OutletBelk
392  Rutland PlazaRutlandVTRutland, VT1997223,314  100.0 %1,978  8.98  Price ChopperDollar Tree, Flagship Cinemas, T.J.Maxx, Walmart-
393  Spring MallGreenfieldWIMilwaukee-Waukesha-West Allis, WI200345,920  36.0 %193  11.67  --Walgreens
394  Mequon PavilionsMequonWIMilwaukee-Waukesha-West Allis, WI1967219,230  95.9 %3,460  16.46  Sendik's Food MarketBed Bath & Beyond, DSW, Marshalls-
395  Moorland Square Shopping CtrNew BerlinWIMilwaukee-Waukesha-West Allis, WI199098,303  97.4 %985  10.29  Pick 'n Save (Kroger)--
396  Paradise PavilionWest BendWIMilwaukee-Waukesha-West Allis, WI2000203,545  90.0 %1,321  7.21  -Hobby Lobby, Kohl's-
397  Moundsville PlazaMoundsvilleWVWheeling, WV-OH2004176,156  98.3 %1,307  7.55  KrogerBig Lots, Dunham's Sports, Peebles-
398  Grand Central PlazaParkersburgWVParkersburg-Vienna, WV198675,344  90.7 %782  11.44  -Office Depot, O'Reilly Auto Parts, T.J.Maxx-
TOTAL PORTFOLIO
69,942,365  92.1 %$892,337  $14.83  
(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.

Supplemental Disclosure - Three Months Ended June 30, 2020
Page 50
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