brx-20220207
0001581068false00015810682022-02-072022-02-070001581068brx:BrixmorOperatingPartnershipLPMember2022-02-072022-02-07


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): February 7, 2022
Brixmor Property Group Inc.
Brixmor Operating Partnership LP
(Exact Name of Registrant as Specified in Charter)
Maryland001-3616045-2433192
Delaware333-256637-0180-0831163
(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 February 7, 2022, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the fourth quarter and year ended December 31, 2021. 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 February 7, 2022.
Brixmor Property Group Inc. Supplemental Financial Information for the fourth quarter and year ended December 31, 2021.
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: February 7, 2022
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 FOURTH QUARTER AND FULL YEAR 2021 RESULTS
ACHIEVED RECORD SMALL SHOP LEASED OCCUPANCY
OUTLOOK FOR 2022 DRIVEN BY ACCELERATING BASE RENT GROWTH

NEW YORK, FEBRUARY 7, 2022 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2021. For the three months ended December 31, 2021 and 2020, net income was $0.27 per diluted share and $0.08 per diluted share, respectively, and for the twelve months ended December 31, 2021 and 2020, net income was $0.90 per diluted share and $0.41 per diluted share, respectively.

Key highlights for the three months ended December 31, 2021 include:
•Executed 2.1 million square feet of new and renewal leases, with rent spreads on comparable space of 14.5%, including 1.0 million square
feet of new leases, with rent spreads on comparable space of 41.7%
•Sequentially increased total leased occupancy to 92.0%, anchor leased occupancy to 94.4%, and small shop leased occupancy to 86.7%
◦Leased to billed occupancy spread totaled 330 basis points
◦Total signed but not yet commenced lease population represented 2.6 million square feet and $50.3 million of annualized base rent
•Reported an increase in same property NOI of 9.7%
•Reported Nareit FFO of $137.4 million, or $0.46 per diluted share
•Stabilized $67.9 million of reinvestment projects at an average incremental NOI yield of 9%, with the in process reinvestment pipeline totaling $374.3 million at an expected average incremental NOI yield of 9%
•Completed $191.9 million of acquisitions and $116.2 million of dispositions
•Appointed Sandra A.J. Lawrence, former Executive Vice President and Chief Administrative Officer of The Children's Mercy Hospital and Clinics, to the Company's Board of Directors

Key highlights for the twelve months ended December 31, 2021 include:
•Executed 6.8 million square feet of new and renewal leases, with rent spreads on comparable space of 11.4%, including 3.1 million square feet of new leases, with rent spreads on comparable space of 27.6%
•Reported an increase in same property NOI of 8.9%
•Reported Nareit FFO of $522.3 million, or $1.75 per diluted share
◦Nareit FFO included items that impact FFO comparability, including a loss on extinguishment of debt, net, litigation and other non-routine legal expenses, and transaction expenses of $(31.3) million, or $(0.10) per diluted share
•Stabilized $168.2 million of reinvestment projects at an average incremental NOI yield of 11%
•Completed $259.4 million of acquisitions and $244.3 million of dispositions
•Issued $850.0 million of Senior Notes and redeemed $500.0 million of Senior Notes due 2023 and a $350.0 million term loan scheduled to mature December 2023

Subsequent events:
•Provided 2022 Nareit FFO per diluted share expectations of $1.86 - $1.95 and same property NOI growth expectations of 2.0% - 4.0%
•Completed $131.9 million of acquisitions and $25.6 million of dispositions
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“Our strong leasing volumes and spreads, growing in place ABR, record setting small shop occupancy and rate, and bottom line growth underscore the strength of Brixmor’s value-added strategy and the continued execution by our amazing team,” commented James Taylor, CEO and President. “I’m particularly pleased with our prospects for continued outperformance, as evident in our forward leasing and reinvestment pipelines, as well as attractive acquisitions that leverage our value-added platform.”

FINANCIAL HIGHLIGHTS
Net Income
•For the three months ended December 31, 2021 and 2020, net income was $81.2 million, or $0.27 per diluted share, and $24.4 million, or $0.08 per diluted share, respectively.
•For the twelve months ended December 31, 2021 and 2020, net income was $270.2 million, or $0.90 per diluted share, and $121.2 million, or $0.41 per diluted share, respectively.

Nareit FFO
•For the three months ended December 31, 2021 and 2020, Nareit FFO was $137.4 million, or $0.46 per diluted share, and $99.7 million, or $0.33 per diluted share, respectively. Results for the three months ended December 31, 2021 and 2020 include items that impact FFO comparability, including a loss on extinguishment of debt, net, litigation and other non-routine legal expenses, and transaction expenses of $(0.3) million, or $(0.00) per diluted share, and $(19.2) million, or $(0.06) per diluted share, respectively.
•For the twelve months ended December 31, 2021 and 2020, Nareit FFO was $522.3 million, or $1.75 per diluted share, and $437.8 million, or $1.47 per diluted share, respectively. Results for the twelve months ended December 31, 2021 and 2020 include items that impact FFO comparability, including losses on extinguishment of debt, net, litigation and other non-routine legal expenses, and transaction expenses of $(31.3) million, or $(0.10) per diluted share, and $(37.7) million, or $(0.13) per diluted share, respectively.

Same Property NOI Performance
•For the three months ended December 31, 2021, the Company reported an increase in same property NOI of 9.7% versus the comparable 2020 period.
•For the twelve months ended December 31, 2021, the Company reported an increase in same property NOI of 8.9% versus the comparable 2020 period.

Dividend
•The Company’s Board of Directors declared a quarterly cash dividend of $0.24 per common share (equivalent to $0.96 per annum) for the first quarter of 2022.
•The dividend is payable on April 18, 2022 to stockholders of record on April 5, 2022, representing an ex-dividend date of April 4, 2022.

PORTFOLIO AND INVESTMENT ACTIVITY
Value Enhancing Reinvestment Opportunities
•During the three months ended December 31, 2021, the Company stabilized nine value enhancing reinvestment projects with a total aggregate net cost of approximately $67.9 million at an average incremental NOI yield of 9% and added 11 new reinvestment projects to its in process pipeline. Projects added include five anchor space repositioning projects, two outparcel development projects, and four redevelopment projects, with a total aggregate net estimated cost of approximately $46.6 million at an expected average incremental NOI yield of 8%.
•At December 31, 2021, the value enhancing reinvestment in process pipeline was comprised of 50 projects with an aggregate net estimated cost of approximately $374.3 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 16
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anchor space repositioning projects with an aggregate net estimated cost of approximately $77.1 million at an expected incremental NOI yield of 8% - 14%; 12 outparcel development projects with an aggregate net estimated cost of approximately $23.5 million at an expected average incremental NOI yield of 11%; and 22 redevelopment projects with an aggregate net estimated cost of approximately $273.7 million at an expected average incremental NOI yield of 9%.    
•An in-depth review of a project that highlights the Company's reinvestment expertise, Seminole Plaza (Tampa-St. Petersburg-Clearwater, FL MSA), can be found at this link: https://www.brixmor.com/blog/seminole-plaza-redev.

Acquisitions
•During the three months ended December 31, 2021, the Company acquired four shopping centers for a combined purchase price of $191.9 million, including:
◦Pawleys Island Plaza located in Pawleys Island, South Carolina (Georgetown, SC MSA).
◦Granada Shoppes located in Naples, Florida (Naples-Marco Island, FL MSA).
◦Kings Market located in Roswell, Georgia (Atlanta-Sandy Springs-Alpharetta, GA MSA).
◦Connexion located in Roswell, Georgia (Atlanta-Sandy Springs-Alpharetta, GA MSA).
◦A more detailed update on acquisition activity during the three months ended December 31, 2021 can be found at this link: https://s1.q4cdn.com/531584854/files/doc_news/2022/2021BRXCapitalRecycling.pdf.
•During the twelve months ended December 31, 2021, the Company acquired six shopping centers, in addition to certain outparcels, ancillary land parcels, and leasehold rights, for a combined purchase price of $259.4 million.
•Subsequent to December 31, 2021, the Company acquired two shopping centers for a combined purchase price of $131.9 million, including:
◦Brea Gateway (as previously announced) located in Brea, California (Los Angeles-Long Beach-Anaheim, CA MSA).
◦Arboretum Village, an approximately 95,000 square foot grocery-anchored neighborhood center located in Dallas, Texas (Dallas-Fort Worth-Arlington, TX MSA), for $46.2 million. Arboretum Village is anchored by Tom Thumb (Albertsons) and PetSmart and has an undeveloped pad site allowing for near-term growth opportunities. The property complements the Company's 12 other assets in the trade area, which aggregate approximately 2.5 million square feet.

Dispositions
•During the three months ended December 31, 2021, the Company generated approximately $116.2 million of gross proceeds on the disposition of eight shopping centers, as well as two partial properties, comprised of 1.1 million square feet of gross leasable area.
•During the twelve months ended December 31, 2021, the Company generated approximately $244.3 million of gross proceeds on the disposition of 17 shopping centers, as well as 15 partial properties, comprised of 2.6 million square feet of gross leasable area.
•Subsequent to December 31, 2021, the Company disposed of one shopping center for $25.6 million of gross proceeds.

CAPITAL STRUCTURE
•During the three and twelve months ended December 31, 2021, the Company raised approximately $5.2 million in gross proceeds, excluding commissions, from the sale of approximately 0.2 million shares of common stock at an average price per share of $25.06 through its at-the-market equity offering program. As of December 31, 2021, $394.8 million of common stock remained available for issuance.
•During 2021, the Company's Operating Partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), issued $850.0 million aggregate principal amount of Senior Notes and redeemed $500.0 of Senior Notes due 2023 and a $350.0 million term loan scheduled to mature December 2023.
•At December 31, 2021, the Company had $1.5 billion of total liquidity, comprised of $297.7 million of cash, cash equivalents, and restricted cash and $1.2 billion of availability under its Revolving Credit Facility.
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•Subsequent to December 31, 2021, the Company repaid its $250.0 million Floating Rate Senior Notes due on February 1, 2022. The Company has no remaining debt maturities in 2022.

GUIDANCE
•The Company expects 2022 Nareit FFO per diluted share of $1.86 - $1.95 and same property NOI growth of 2.0% - 4.0%
•Expectations for 2022 same property NOI growth include a:
◦Contribution from base rent of 400 - 500 bps
◦Detraction from revenues deemed uncollectible of (250) bps - (150) bps, based on net reserves of 160 – 90 bps of total revenues
◦Contribution from all other line items of 50 bps
•Expectations for 2022 Nareit FFO:
◦Do not contemplate any tenants moving to or from a cash basis of accounting, either of which may result in significant volatility in straight-line rental income
◦Do not include any items that impact FFO comparability, including loss on extinguishment of debt, litigation and other non-routine legal expenses, and transaction expenses, or any one-time items
•The following table provides a bridge from the Company's 2021 Nareit FFO per diluted share to the Company's 2022 estimated Nareit FFO per diluted share:
LowHigh
2021 Nareit FFO per diluted share$1.75$1.75
Same property NOI growth0.050.10
Items that impact FFO comparability 1
0.100.10
Impact of 2021 and 2022 transaction activity(0.02)— 
Other 2
(0.03)(0.02)
Non-cash GAAP rental adjustments 3
0.01 0.02 
2022E Nareit FFO per diluted share$1.86$1.95
1.Includes loss on extinguishment of debt, net, litigation and other non-routine legal expenses, and transaction expenses recognized in 2021. 2022 guidance does not include any expectations of such one-time items.
2.Includes non-same property NOI, lease termination fees, non-real estate depreciation and amortization, general and administrative expense, dividend and interest, interest expense, and other income (expense).
3.Includes straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense.

The following table provides a reconciliation of the range of the Company's 2022 estimated net income attributable to common stockholders to Nareit FFO:
(Unaudited, dollars in millions, except per share amounts)2022E2022E Per Diluted Share
Net income $265 - $292$0.89 - $0.98
Depreciation and amortization related to real estate3171.06
Gain on sale of real estate assets (26)(0.09)
Impairment of real estate assets00.00
Nareit FFO$556 - $583$1.86 - $1.95



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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
CONNECT WITH BRIXMOR
•For additional information, please visit https://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/brixmorpropertygroup
◦YouTube at https://www.youtube.com/user/Brixmor; and
•Find Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor.

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION
The Company will host a teleconference on Tuesday, February 8, 2022 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 https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on February 22, 2022 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13725192) or via the web through February 8, 2023 at https://www.brixmor.com in the Investors section.

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

Nareit FFO
Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis. Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526
Same Property NOI
Same property NOI is a supplemental, non-GAAP performance measure utilized to evaluate the operating performance of real estate companies. Same property NOI is calculated (using properties owned for the entirety of both periods and excluding properties under development and completed new development properties that have been stabilized for less than one year) as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). Same property NOI excludes (i) corporate level expenses (including general and administrative), (ii) lease termination fees, (iii) straight-line rental income, net, (iv) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (v) straight-line ground rent expense, and (vi) income or 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 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), lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense 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 382 retail centers comprise approximately 67 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

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

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, 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 or results to differ materially from forward-looking statements is the 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 financial markets, and the global economy. The COVID-19 pandemic has significantly impacted the Company and its tenants, and the extent to which it continues to do so will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity, and duration of the pandemic, treatment
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developments, public adoption rates of COVID-19 vaccines, including booster shots, the effectiveness of vaccines, booster shots, and treatments against emerging variants of COVID-19 such as the Delta and Omicron variants, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained 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
12/31/2112/31/20
Assets
Real estate
Land$1,773,448 $1,740,263 
Buildings and tenant improvements8,009,320 7,714,105 
Construction in progress101,422 142,745 
Lease intangibles544,224 566,448 
10,428,414 10,163,561 
Accumulated depreciation and amortization(2,813,329)(2,659,448)
Real estate, net7,615,085 7,504,113 
Cash and cash equivalents296,632 368,675 
Restricted cash1,111 1,412 
Marketable securities20,224 19,548 
Receivables, net234,873 240,323 
Deferred charges and prepaid expenses, net143,503 139,260 
Real estate assets held for sale16,131 18,014 
Other assets49,834 50,802 
Total assets$8,377,393 $8,342,147 
Liabilities
Debt obligations, net$5,164,518 $5,167,330 
Accounts payable, accrued expenses and other liabilities494,529 494,116 
Total liabilities5,659,047 5,661,446 
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
306,337,045 and 305,621,403 shares issued and 297,210,053 and 296,494,411
shares outstanding2,972 2,965 
Additional paid-in capital3,231,732 3,213,990 
Accumulated other comprehensive loss(12,674)(28,058)
Distributions in excess of net income(503,684)(508,196)
Total equity2,718,346 2,680,701 
Total liabilities and equity$8,377,393 $8,342,147 























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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Revenues
Rental income$292,897 $269,308 $1,146,304 $1,050,943 
Other revenues2,421 102 5,970 2,323 
Total revenues295,318 269,410 1,152,274 1,053,266 
Operating expenses
Operating costs39,128 31,392 132,042 111,678 
Real estate taxes40,838 42,147 165,746 168,943 
Depreciation and amortization80,796 84,249 327,152 335,583 
Impairment of real estate assets— 3,245 1,898 19,551 
General and administrative29,039 23,499 105,454 98,280 
Total operating expenses189,801 184,532 732,292 734,035 
Other income (expense)
Dividends and interest57 147 299 482 
Interest expense(47,175)(51,791)(194,776)(199,988)
Gain on sale of real estate assets23,603 11,281 73,092 34,499 
Loss on extinguishment of debt, net— (17,611)(28,345)(28,052)
Other (759)(2,500)(65)(4,999)
Total other expense(24,274)(60,474)(149,795)(198,058)
Net income$81,243 $24,404 $270,187 $121,173 
Net income per common share:
Basic $0.27 $0.08 $0.91 $0.41 
Diluted $0.27 $0.08 $0.90 $0.41 
Weighted average shares:
Basic 297,490 296,661 297,408 296,972 
Diluted 299,037 297,623 298,835 297,899 







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FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Net income$81,243 $24,404 $270,187 $121,173 
Depreciation and amortization related to real estate79,753 83,284 323,354 331,558 
Gain on sale of real estate assets(23,603)(11,281)(73,092)(34,499)
Impairment of real estate assets— 3,245 1,898 19,551 
Nareit FFO$137,393 $99,652 $522,347 $437,783 
Nareit FFO per diluted share$0.46 $0.33 $1.75 $1.47 
Weighted average diluted shares outstanding299,037 297,623 298,835 297,899 
Items that impact FFO comparability
Loss on extinguishment of debt, net$— $(17,611)$(28,345)$(28,052)
Litigation and other non-routine legal expenses(111)(1,582)(2,585)(8,977)
Transaction expenses(192)(47)(395)(635)
Total items that impact FFO comparability$(303)$(19,240)$(31,325)$(37,664)
Items that impact FFO comparability, net per share$(0.00)$(0.06)$(0.10)$(0.13)
Additional Disclosures
Straight-line rental income, net (1)$3,924 $(325)$14,551 $(11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Straight-line ground rent expense (2)(14)(46)(134)(151)
Dividends declared per share$0.240 $0.215 $0.885 $0.500 
Dividends declared$71,331 $63,746 $262,877 $148,234 
Dividend payout ratio (as % of Nareit FFO)51.9 %64.0 %50.3 %33.9 %
(1) Includes straight-line rental income reversals of $1.0 million and $4.0 million for the three months ended December 31, 2021 and 2020, respectively, and $3.9 million and $34.7 million for the twelve months ended December 31, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.1 million and $0.9 million of straight-line rental income during the three and twelve months ended December 31, 2021, respectively, that had previously been reversed.
(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 EndedTwelve Months Ended
12/31/2112/31/20Change12/31/2112/31/20Change
Same Property NOI Analysis
Number of properties364 364 — 362 362 — 
Percent billed88.6 %87.9 %0.7 %88.6 %88.0 %0.6 %
Percent leased91.9 %90.9 %1.0 %92.0 %91.0 %1.0 %
Revenues
Base rent$201,816 $196,601 $788,650 $785,904 
Expense reimbursements66,058 61,208 242,992 236,016 
Revenues deemed uncollectible(124)(11,284)1,614 (63,463)
Ancillary and other rental income / Other revenues7,946 4,551 25,043 18,084 
Percentage rents1,231 517 5,600 3,850 
276,927 251,593 10.1 %1,063,899 980,391 8.5 %
Operating expenses
Operating costs(39,316)(30,856)(126,278)(106,227)
Real estate taxes(39,481)(40,161)(158,015)(158,275)
(78,797)(71,017)11.0 %(284,293)(264,502)7.5 %
Same property NOI $198,130 $180,576 9.7 %$779,606 $715,889 8.9 %
NOI margin71.5 %71.8 %73.3 %73.0 %
Expense recovery ratio83.8 %86.2 %85.5 %89.2 %
Percent Contribution to Same Property NOI Performance:
ChangePercent ContributionChangePercent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements$3,580 2.0 %$976 0.1 %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements1,635 0.9 %1,770 0.3 %
Revenues deemed uncollectible11,160 6.2 %65,077 9.1 %
Net expense reimbursements(2,930)(1.6)%(12,815)(1.8)%
Ancillary and other rental income / Other revenues3,395 1.8 %6,959 1.0 %
Percentage rents714 0.4 %1,750 0.2 %
9.7 %8.9 %
Reconciliation of Net Income to Same Property NOI
Same property NOI$198,130 $180,576 $779,606 $715,889 
Adjustments:
Non-same property NOI10,233 10,684 43,602 49,453 
Lease termination fees1,184 1,710 8,640 6,238 
Straight-line rental income, net3,924 (325)14,551 (11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Straight-line ground rent expense(14)(46)(134)(151)
Depreciation and amortization (80,796)(84,249)(327,152)(335,583)
Impairment of real estate assets— (3,245)(1,898)(19,551)
General and administrative (29,039)(23,499)(105,454)(98,280)
Total other expense(24,274)(60,474)(149,795)(198,058)
Net income$81,243 $24,404 $270,187 $121,173 




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Exhibit 99.2

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>SUPPLEMENTAL DISCLOSURE
Three Months Ended December 31, 2021





TABLE OF CONTENTS
Page
Note: Financial and operational information is unaudited.
For additional information, please visit https://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/brixmorpropertygroup and on Youtube at https://www.youtube.com/user/Brixmor, and find Brixmor on LinkedIn at https://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,” “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, 2021, 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 or results to differ materially from forward-looking statements is the 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 financial markets, and the global economy. The COVID-19 pandemic has significantly impacted the Company and its tenants, and the extent to which it continues to do so will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity, and duration of the pandemic, treatment developments, public adoption rates of COVID-19 vaccines, including booster shots, the effectiveness of vaccines, booster shots, and treatments against emerging variants of COVID-19 such as the Delta and Omicron variants, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained 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 December 31, 2021
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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.
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 from the sale of certain real estate assets and (ii) impairment write-downs of certain real estate assets. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense. EBITDA, EBITDAre, Adjusted EBITDA and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
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, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
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 (base building costs funded through tenant allowances). 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 below-market leases, net of amortization of above-market leases and tenant inducements and (v) straight-line ground rent expense.
New Development
Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment StabilizationNew Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield
Calculated as the projected incremental NOI as a percentage of the 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, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread
Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread
Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Supplemental Disclosure - Three Months Ended December 31, 2021
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GLOSSARY OF TERMS
Term
Definition
Total Rent Spread
Combined spreads for new, renewal, and option leases.
Same Property NOI
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of Same Property NOI to net income is provided on page 13. Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months
Ended 12/31/21
Twelve Months
Ended 12/31/21
Total properties in Brixmor Property Group portfolio
382382
Acquired properties excluded from Same Property NOI
(6)(6)
Additional exclusions
(12)(14)
Same Property NOI pool
364362
In addition, two outparcels acquired in 2021 and 2020 are excluded from the Same Property NOI pool for the three months ended December 31, 2021 and 2020, and four outparcels acquired in 2021 and 2020 are excluded from the Same Property NOI pool for the twelve months ended December 31, 2021 and 2020. The balance of the shopping centers where those outparcels exist are included in the Same Property NOI pool. Additional exclusions for the three months ended December 31, 2021 and 2020 include 11 properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021. Additional exclusions for the twelve months ended December 31, 2021 and 2020 include 13 properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021.
Small Shop Spaces
Spaces less than 10,000 SF of GLA.
Straight-line Rent
Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built
Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.

The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
  • EBITDA, EBITDAre, Adjusted
  • 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 from 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 below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense, are also useful to investors in understanding the Company’s operating performance.
  • Nareit FFOConsidering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
  • NOI and Same Property NOI
Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its 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, corporate level expenses (including general and administrative), lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense. The Company believes that 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 periods 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 December 31, 2021
Page 2
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RESULTS OVERVIEW & GUIDANCE
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Twelve Months Ended
Summary Financial Results
12/31/2112/31/2012/31/2112/31/20
Total revenues (page 6)$ 295,318$ 269,410$ 1,152,274$ 1,053,266
Net income (page 6)81,24324,404270,187121,173
Net income per diluted share (page 6)0.270.080.900.41
NOI (page 10)208,363191,260823,208765,342
Adjusted EBITDA (page 7)186,249173,897753,089683,856
Cash Adjusted EBITDA (page 7)180,444170,996730,451682,791
Nareit FFO (page 8)137,39399,652522,347437,783
Nareit FFO per diluted share (page 8)0.460.331.751.47
Items that impact FFO comparability, net per share (page 8)(0.00)(0.06)(0.10)(0.13)
Dividends declared per share (page 8)0.2400.2150.8850.500
Dividend payout ratio (as % of Nareit FFO) (page 8)51.9 %64.0 %50.3 %33.9 %
Three Months Ended
Summary Operating and Financial Ratios12/31/219/30/216/30/213/31/2112/31/20
NOI margin (page 10)72.3 %74.2 %74.3 %73.0 %72.2 %
Same property NOI performance (page 13) (1)9.7 %14.5 %13.9 %(1.5)%(6.4)%
Fixed charge coverage, current quarter annualized (page 15)3.9x3.9x3.8x3.7x3.4x
Fixed charge coverage, trailing twelve months (page 15)3.9x3.7x3.5x3.4x3.4x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 15) (2)6.5x6.2x6.3x6.5x6.9x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 15) (2)6.5x6.4x6.7x7.0x7.0x
Outstanding Classes of Stock
As of 12/31/21As of 9/30/21As of 6/30/21As of 3/31/21As of 12/31/20
Common shares outstanding (page 15)297,210296,988296,978296,946296,494
Three Months Ended
Summary Acquisitions and Dispositions12/31/219/30/216/30/213/31/2112/31/20
Aggregate purchase price of acquisitions (page 19)$ 191,870$ —$ 63,950$ 3,620$ —
Aggregate sale price of dispositions (page 20)116,16525,53269,42933,16742,019
NOI adjustment for acquisitions and dispositions, net (3)523
Summary Portfolio Statistics (4)As of 12/31/21As of 9/30/21As of 6/30/21As of 3/31/21As of 12/31/20
Number of properties (page 30)382386389389393
Percent billed (page 30)88.7 %88.2 %88.1 %87.8 %87.8 %
Percent leased (page 30)92.0 %91.5 %91.1 %90.8 %90.7 %
ABR PSF (page 30)$ 15.42$ 15.25$ 15.12$ 15.05$ 14.93
New lease rent spread (page 34)41.7 %26.3 %19.8 %20.3 %21.9 %
New & renewal lease rent spread (page 34)14.5 %12.3 %10.7 %7.0 %8.0 %
Total - new, renewal & option lease rent spread (page 34)12.8 %10.7 %10.0 %6.7 %7.4 %
Total - new, renewal & option GLA (page 34)2,866,0932,770,0032,275,2552,130,0482,213,791
2022 GuidanceCurrent
Nareit FFO per diluted share$1.86 - $1.95
Same property NOI performance2.0% - 4.0%
(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) Represents the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter of the assets that were disposed during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 3
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>FINANCIAL SUMMARY
Supplemental Disclosure
Three Months Ended December 31, 2021





CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of
As of
12/31/2112/31/20
Assets
Real estate
Land$1,773,448 $1,740,263 
Buildings and tenant improvements8,009,320 7,714,105 
Construction in progress101,422 142,745 
Lease intangibles544,224 566,448 
10,428,414 10,163,561 
Accumulated depreciation and amortization(2,813,329)(2,659,448)
Real estate, net7,615,085 7,504,113 
Cash and cash equivalents296,632 368,675 
Restricted cash1,111 1,412 
Marketable securities20,224 19,548 
Receivables, net234,873 240,323 
Deferred charges and prepaid expenses, net143,503 139,260 
Real estate assets held for sale16,131 18,014 
Other assets49,834 50,802 
Total assets$8,377,393 $8,342,147 
Liabilities
Debt obligations, net$5,164,518 $5,167,330 
Accounts payable, accrued expenses and other liabilities494,529 494,116 
Total liabilities5,659,047 5,661,446 
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
306,337,045 and 305,621,403 shares issued and 297,210,053 and 296,494,411
shares outstanding2,972 2,965 
Additional paid-in capital3,231,732 3,213,990 
Accumulated other comprehensive loss(12,674)(28,058)
Distributions in excess of net income(503,684)(508,196)
Total equity2,718,346 2,680,701 
Total liabilities and equity$8,377,393 $8,342,147 



Supplemental Disclosure - Three Months Ended December 31, 2021
Page 5
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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Revenues
Rental income$292,897 $269,308 $1,146,304 $1,050,943 
Other revenues2,421 102 5,970 2,323 
Total revenues295,318 269,410 1,152,274 1,053,266 
Operating expenses
Operating costs39,128 31,392 132,042 111,678 
Real estate taxes40,838 42,147 165,746 168,943 
Depreciation and amortization80,796 84,249 327,152 335,583 
Impairment of real estate assets— 3,245 1,898 19,551 
General and administrative29,039 23,499 105,454 98,280 
Total operating expenses189,801 184,532 732,292 734,035 
Other income (expense)
Dividends and interest57 147 299 482 
Interest expense(47,175)(51,791)(194,776)(199,988)
Gain on sale of real estate assets23,603 11,281 73,092 34,499 
Loss on extinguishment of debt, net— (17,611)(28,345)(28,052)
Other (759)(2,500)(65)(4,999)
Total other expense(24,274)(60,474)(149,795)(198,058)
Net income$81,243 $24,404 $270,187 $121,173 
Net income per common share:
Basic $0.27 $0.08 $0.91 $0.41 
Diluted $0.27 $0.08 $0.90 $0.41 
Weighted average shares:
Basic 297,490 296,661 297,408 296,972 
Diluted 299,037 297,623 298,835 297,899 

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 6
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EBITDA
Unaudited, dollars in thousands
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Net income$81,243 $24,404 $270,187 $121,173 
Interest expense47,175 51,791 194,776 199,988 
Federal and state taxes335 2,249 843 4,396 
Depreciation and amortization80,796 84,249 327,152 335,583 
EBITDA209,549 162,693 792,958 661,140 
Gain on sale of real estate assets(23,603)(11,281)(73,092)(34,499)
Impairment of real estate assets— 3,245 1,898 19,551 
EBITDAre$185,946 $154,657 $721,764 $646,192 
EBITDAre$185,946 $154,657 $721,764 $646,192 
Loss on extinguishment of debt, net— 17,611 28,345 28,052 
Litigation and other non-routine legal expenses111 1,582 2,585 8,977 
Transaction expenses192 47 395 635 
Total adjustments303 19,240 31,325 37,664 
Adjusted EBITDA$186,249 $173,897 $753,089 $683,856 
Adjusted EBITDA$186,249 $173,897 $753,089 $683,856 
Straight-line rental income, net (1)(3,924)325 (14,551)11,858 
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements(1,895)(3,272)(8,221)(13,074)
Straight-line ground rent expense (2)14 46 134 151 
Total adjustments (5,805)(2,901)(22,638)(1,065)
Cash Adjusted EBITDA$180,444 $170,996 $730,451 $682,791 
(1) Includes straight-line rental income reversals of $1.0 million and $4.0 million for the three months ended December 31, 2021 and 2020, respectively, and $3.9 million and $34.7 million for the twelve months ended December 31, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.1 million and $0.9 million of straight-line rental income during the three and twelve months ended December 31, 2021, respectively, that had previously been reversed.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 7
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FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Net income$81,243 $24,404 $270,187 $121,173 
Depreciation and amortization related to real estate79,753 83,284 323,354 331,558 
Gain on sale of real estate assets(23,603)(11,281)(73,092)(34,499)
Impairment of real estate assets— 3,245 1,898 19,551 
Nareit FFO$137,393 $99,652 $522,347 $437,783 
Nareit FFO per diluted share$0.46 $0.33 $1.75 $1.47 
Weighted average diluted shares outstanding299,037 297,623 298,835 297,899 
Items that impact FFO comparability
Loss on extinguishment of debt, net$— $(17,611)$(28,345)$(28,052)
Litigation and other non-routine legal expenses(111)(1,582)(2,585)(8,977)
Transaction expenses(192)(47)(395)(635)
Total items that impact FFO comparability$(303)$(19,240)$(31,325)$(37,664)
Items that impact FFO comparability, net per share$(0.00)$(0.06)$(0.10)$(0.13)
Additional Disclosures
Straight-line rental income, net (1)$3,924 $(325)$14,551 $(11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Straight-line ground rent expense (2)(14)(46)(134)(151)
Dividends declared per share$0.240 $0.215 $0.885 $0.500 
Dividends declared$71,331 $63,746 $262,877 $148,234 
Dividend payout ratio (as % of Nareit FFO) 51.9 %64.0 %50.3 %33.9 %
(1) Includes straight-line rental income reversals of $1.0 million and $4.0 million for the three months ended December 31, 2021 and 2020, respectively, and $3.9 million and $34.7 million for the twelve months ended December 31, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.1 million and $0.9 million of straight-line rental income during the three and twelve months ended December 31, 2021, respectively, that had previously been reversed.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 8
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SUPPLEMENTAL BALANCE SHEET DETAIL
Unaudited, dollars in thousands
As ofAs of
12/31/2112/31/20
Receivables, net
Straight-line rent receivable, net$139,486 $127,349 
Tenant receivables, net88,242 107,165 
Other 7,145 5,809 
Total receivables, net$234,873 $240,323 
Deferred charges and prepaid expenses, net
Deferred charges, net$120,831 $119,033 
Prepaid expenses, net22,672 20,227 
Total deferred charges and prepaid expenses, net $143,503 $139,260 
Other assets
Right-of-use asset$29,325 $34,006 
Furniture, fixtures and leasehold improvements, net16,129 11,137 
Other 4,380 5,659 
Total other assets$49,834 $50,802 
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $252,912 $236,433 
Below market leases, net80,942 85,445 
Dividends payable74,420 65,972 
Lease liability33,713 38,599 
Interest rate swaps12,585 28,225 
Other 39,957 39,442 
Total accounts payable, accrued expenses and other liabilities$494,529 $494,116 

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
Unaudited, dollars in thousands
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Net Operating Income Detail
Base rent$210,214 $207,075 $831,420 $838,606 
Expense reimbursements68,552 64,153 255,402 251,240 
Revenues deemed uncollectible157 (11,786)2,270 (67,248)
Ancillary and other rental income / Other revenues8,067 4,721 25,724 18,979 
Percentage rents 1,325 590 6,046 4,235 
Operating costs(39,114)(31,346)(131,908)(111,527)
Real estate taxes(40,838)(42,147)(165,746)(168,943)
Net operating income $208,363 $191,260 $823,208 $765,342 
Operating Ratios
NOI margin (NOI / revenues)72.3 %72.2 %73.4 %73.2 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes))85.7 %87.3 %85.8 %89.6 %
Reconciliation of Net Operating Income to Net Income
Net operating income $208,363 $191,260 $823,208 $765,342 
Lease termination fees1,184 1,710 8,640 6,238 
Straight-line rental income, net (1)3,924 (325)14,551 (11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Straight-line ground rent expense (2)(14)(46)(134)(151)
Depreciation and amortization(80,796)(84,249)(327,152)(335,583)
Impairment of real estate assets— (3,245)(1,898)(19,551)
General and administrative(29,039)(23,499)(105,454)(98,280)
Total other expense(24,274)(60,474)(149,795)(198,058)
Net income$81,243 $24,404 $270,187 $121,173 
Supplemental Statement of Operations Detail
Rental income
Base rent$210,214 $207,075 $831,420 $838,606 
Expense reimbursements68,552 64,153 255,402 251,240 
Revenues deemed uncollectible157 (11,786)2,270 (67,248)
Lease termination fees1,184 1,710 8,640 6,238 
Straight-line rental income, net (1)3,924 (325)14,551 (11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Ancillary and other rental income5,646 4,619 19,754 16,656 
Percentage rents 1,325 590 6,046 4,235 
Total rental income$292,897 $269,308 $1,146,304 $1,050,943 
Other revenues$2,421 $102 $5,970 $2,323 
Interest expense
Mortgage, note and other interest$43,407 $45,452 $177,609 $170,838 
Unsecured credit facility and term loan interest3,799 5,904 16,542 26,922 
Capitalized interest (1,173)(898)(4,009)(4,231)
Deferred financing cost amortization1,858 1,977 7,496 7,527 
Debt premium and discount accretion, net(716)(644)(2,862)(1,068)
Total interest expense$47,175 $51,791 $194,776 $199,988 
Other
Federal and state taxes$335 $2,249 $843 $4,396 
Other424 251 (778)603 
Total other$759 $2,500 $65 $4,999 
Additional General and Administrative Disclosures
Capitalized construction compensation costs$4,514 $3,700 $16,633 $14,573 
Capitalized leasing legal costs (3)978 582 2,475 797 
Capitalized leasing commission costs2,027 1,619 6,822 5,659 
Equity compensation expense, net6,272 3,144 17,090 10,951 
(1) Includes straight-line rental income reversals of $1.0 million and $4.0 million for the three months ended December 31, 2021 and 2020, respectively, and $3.9 million and $34.7 million for the twelve months ended December 31, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.1 million and $0.9 million of straight-line rental income during the three and twelve months ended December 31, 2021, respectively, that had previously been reversed.
(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 December 31, 2021
Page 10
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SUPPLEMENTAL COVID-19 DISCLOSURE
Unaudited, dollars in thousands
Eighteen Months Ended 9/30/21Three Months Ended 12/31/21Twenty-One Months
Ended 12/31/21
Total
Portfolio (7)
Percent of
Billed Base
Rent
Total
Portfolio (7)
Percent of
Billed Base
Rent
Total
Portfolio (7)
Percent of
Billed Base
Rent
Billed base rent (1)$1,258,729 100.0 %$210,736 100.0 %$1,469,465 100.0 %
Rent deferrals, net (lease modifications) and rent abatements (2)(3)(11,764)(0.9)%(522)(0.2)%(12,286)(0.8)%
Base rent (Page 10)1,246,965 99.1 %210,214 99.8 %1,457,179 99.2 %
Out-of-period rent deferrals, net (lease modifications), rent abatements and retro billing adjustments (2)(3)(172)— %172 0.1 %— — %
Base rent adjusted for out-of-period rent deferrals, net (lease modifications), rent
abatements and retro billing adjustments
1,246,793 99.1 %210,386 99.8 %1,457,179 99.2 %
Cash collected from tenants (2)(1,196,456)(95.1)%(204,289)(96.9)%(1,408,653)(95.9)%
Out-of-period cash collected from tenants (2)(7,908)(0.6)%— — %— — %
Accrued but uncollected base rent42,429 3.4 %6,097 2.9 %48,526 3.3 %
Rent deferrals, net (not lease modifications) (4)(18,113)(1.4)%(418)(0.2)%(16,011)(1.1)%
Out-of-period rent deferrals, net (not lease modifications) (4)2,520 0.2 %— — %— — %
Accrued but uncollected and unaddressed (under negotiation) base rent$26,836 2.1 %$5,679 2.7 %$32,515 2.2 %
Revenues deemed uncollectible - rent deferrals (not lease modifications) before
out-of-period adjustments
$(16,005)$(288)$(14,701)
Out-of-period cash collected on revenues deemed uncollectible2,196 — — 
Out-of-period additional reserve(93)— — 
Out-of-period deferrals on previously reserved amounts(511)— — 
Revenues deemed uncollectible - rent deferrals (not lease modifications) adjusted for out-of-period activity(14,413)(288)(14,701)
Revenues deemed uncollectible - accrued but uncollected and unaddressed
(under negotiation) rent before out-of-period adjustments
(30,073)(3,940)(29,626)
Out-of-period cash collected on revenues deemed uncollectible3,668 — — 
Out-of-period additional reserve208 — — 
Out-of-period deferrals on previously reserved amounts511 — — 
Revenues deemed uncollectible - accrued but uncollected and unaddressed
(under negotiation) rent adjusted for out-of-period activity
(25,686)(3,940)(29,626)
Revenues deemed uncollectible - base rent$(40,099)$(4,228)$(44,327)
Revenues deemed uncollectible - base rent (cash basis tenants)$(37,806)$(4,153)$(41,959)
Revenues deemed uncollectible - base rent$(4,228)
Adjustments for out-of-period cash received - base rent (5)5,864 
Adjustments for out-of-period cash received - net expense reimbursements2,018 
Adjustments for out-of-period additional reserves/abatements (6)115 
Revenues deemed uncollectible - net expense reimbursements and other adjustments(3,612)
Revenues deemed uncollectible (page 10)$157 
(1) Amounts presented represent eighteen months ended September 30, 2021 and three months ended December 31, 2021 base rent billings, respectively.
(2) Amounts are as of December 31, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to December 31, 2021.
(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 and straight-line rental income recognition does not change over the remaining lease term.
(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) Includes $2.2 million and $3.7 million of out-of-period cash received on rent deferrals (not lease modifications) and unaddressed (under negotiation) revenues deemed uncollectible, respectively.
(6) Includes $0.2 million of out-of-period reductions on unaddressed (under negotiation) revenues deemed uncollectible, partially offset by $0.1 million of out-of-period additional reserves on rent deferrals (not lease modifications).
(7) The Company did not observe significant differences in billed base rent collection percentages between the Same Property pool and the Total Portfolio through December 31, 2021.






Supplemental Disclosure - Three Months Ended December 31, 2021
Page 11
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SUPPLEMENTAL COVID-19 DISCLOSURE
Unaudited, dollars in thousands





pg12charts.jpg






Supplemental Reserve Information (1)Eighteen Months
Ended 9/30/21
Three Months
Ended 12/31/21
Twenty-One Months
Ended 12/31/21
Reserves on uncollected base rent
Accrued but uncollected base rent$42,429 $6,097 $48,526 
Revenues deemed uncollectible - base rent40,099 94.5 %4,228 69.3 %44,327 91.3 %
Reserves on uncollected and unaddressed (under negotiation) base rent
Accrued but uncollected and unaddressed (under negotiation) base rent$26,836 $5,679 $32,515 
Revenues deemed uncollectible - accrued but uncollected and unaddressed (under negotiation) rent adjusted for out-of-period activity25,686 95.7 %3,940 69.4 %29,626 91.1 %
Reserves on deferred base rent
Rent deferrals, net (not lease modifications) adjusted for out-of-period activity$15,593 $418 $16,011 
Revenues deemed uncollectible - rent deferrals (not lease modifications) adjusted for out-of-period activity14,413 92.4 %288 68.9 %14,701 91.8 %
(1) Amounts are as of December 31, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to December 31, 2021.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 12
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SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
Three Months EndedTwelve Months Ended
12/31/2112/31/20Change12/31/2112/31/20Change
Same Property NOI Analysis
Number of properties364 364 — 362 362 — 
Percent billed88.6 %87.9 %0.7 %88.6 %88.0 %0.6 %
Percent leased91.9 %90.9 %1.0 %92.0 %91.0 %1.0 %
Revenues
Base rent$201,816 $196,601 $788,650 $785,904 
Expense reimbursements66,058 61,208 242,992 236,016 
Revenues deemed uncollectible(124)(11,284)1,614 (63,463)
Ancillary and other rental income / Other revenues7,946 4,551 25,043 18,084 
Percentage rents1,231 517 5,600 3,850 
276,927 251,593 10.1 %1,063,899 980,391 8.5 %
Operating expenses
Operating costs(39,316)(30,856)(126,278)(106,227)
Real estate taxes(39,481)(40,161)(158,015)(158,275)
(78,797)(71,017)11.0 %(284,293)(264,502)7.5 %
Same property NOI $198,130 $180,576 9.7 %$779,606 $715,889 8.9 %
NOI margin71.5 %71.8 %73.3 %73.0 %
Expense recovery ratio83.8 %86.2 %85.5 %89.2 %
Percent Contribution to Same Property NOI Performance:
ChangePercent ContributionChangePercent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements$3,580 2.0 %$976 0.1 %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements1,635 0.9 %1,770 0.3 %
Revenues deemed uncollectible11,160 6.2 %65,077 9.1 %
Net expense reimbursements(2,930)(1.6)%(12,815)(1.8)%
Ancillary and other rental income / Other revenues3,395 1.8 %6,959 1.0 %
Percentage rents714 0.4 %1,750 0.2 %
9.7 %8.9 %
Reconciliation of Net Income to Same Property NOI
Same property NOI$198,130 $180,576 $779,606 $715,889 
Adjustments:
Non-same property NOI10,233 10,684 43,602 49,453 
Lease termination fees1,184 1,710 8,640 6,238 
Straight-line rental income, net3,924 (325)14,551 (11,858)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,895 3,272 8,221 13,074 
Straight-line ground rent expense(14)(46)(134)(151)
Depreciation and amortization(80,796)(84,249)(327,152)(335,583)
Impairment of real estate assets— (3,245)(1,898)(19,551)
General and administrative(29,039)(23,499)(105,454)(98,280)
Total other expense(24,274)(60,474)(149,795)(198,058)
Net income$81,243 $24,404 $270,187 $121,173 

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 13
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CAPITAL EXPENDITURES
Unaudited, dollars in thousands
Three Months EndedTwelve Months Ended
12/31/2112/31/2012/31/2112/31/20
Leasing related:
Tenant improvements and tenant inducements$17,953 $12,757 $55,632 $48,711 
External leasing commissions4,306 1,285 12,165 4,581 
22,259 14,042 67,797 53,292 
Maintenance capital expenditures23,749 11,405 56,139 33,994 
Total leasing related and maintenance capital expenditures$46,008 $25,447 $123,936 $87,286 
Value-enhancing:
Anchor space repositionings$12,198 $8,176 $46,407 $38,552 
Outparcel developments1,765 2,260 9,324 12,032 
Redevelopments23,081 22,965 102,524 99,311 
New development23 60 349 835 
Other (1)9,830 2,540 16,811 18,377 
Total value-enhancing capital expenditures$46,897 $36,001 $175,415 $169,107 
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar array installations.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 14
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CAPITALIZATION, LIQUIDITY & DEBT RATIOS
Unaudited, dollars and shares in thousands except per share amounts
As ofAs of
12/31/2112/31/20
Equity Capitalization:
Common shares outstanding297,210 296,494 
Common share price$25.41 $16.55 
Total equity capitalization$7,552,106 $4,906,976 
Debt:
Revolving credit facility$— $— 
Term loans300,000 650,000 
Unsecured notes4,868,453 4,518,453 
Total principal debt 5,168,453 5,168,453 
Add: Net unamortized premium26,651 31,390 
Less: Deferred financing fees(30,586)(32,513)
Total debt5,164,518 5,167,330 
Less: Cash, cash equivalents and restricted cash (297,743)(370,087)
Net debt $4,866,775 $4,797,243 
Total market capitalization$12,418,881 $9,704,219 
Liquidity:
Cash and cash equivalents and restricted cash $297,743 $370,087 
Available under revolving credit facility (1)1,249,252 1,244,768 
$1,546,995 $1,614,855 
Ratios:
Principal debt to total market capitalization41.6 %53.3 %
Principal debt to total assets, before depreciation46.2 %47.0 %
Unencumbered assets to unsecured debt2.2x2.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (2)6.5x6.9x
Net principal debt to Adjusted EBITDA, trailing twelve months (2)6.5x7.0x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense)3.9x3.4x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense)3.9x3.4x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments))3.9x3.4x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments))3.9x3.4x
As ofAs of
12/31/2112/31/20
Percentage of total debt: (3)
Fixed95.2 %98.1 %
Variable4.8 %1.9 %
Unencumbered summary:
Percent of properties, ABR and NOI100.0 %100.0 %
Weighted average maturity (years):
Fixed5.8 5.5 
Variable0.1 1.1 
Total5.5 5.4 
Credit Ratings & Outlook: (4)
Fitch RatingsBBB-Stable
Moody's Investors ServiceBaa3Stable
Standard & Poor's Ratings ServicesBBB-Stable
(1) Funds available under the revolving credit facility are reduced by four outstanding letters of credit totaling $0.7 million.
(2) Net principal debt is as of the end of each specified period.
(3) Includes the impact of the Company's interest rate swap agreements.
(4) As of February 7, 2022.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 15
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DEBT OBLIGATIONS
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
YearMaturitiesWeighted Average Stated Interest Rate (1)
2022$250,000 1.18 %
2023— — 
2024800,000 3.73 %
2025700,000 3.85 %
2026607,542 4.17 %
2027400,000 3.90 %
2028357,708 2.35 %
2029753,203 4.14 %
2030800,000 4.05 %
2031500,000 2.50 %
Total Debt Obligations$             5,168,453 3.58 %
Net unamortized premium26,651 
Deferred financing costs (30,586)
Debt Obligations, Net$             5,164,518 

Summary of Outstanding Debt Obligations
OutstandingWeighted AverageMaturityPercent of
LoanPrincipal BalanceStated Interest Rate (1)DateTotal Indebtedness
Fixed Rate Debt:
Unsecured Term Loans
Term Loan Facility - $300,000 (2)$300,000 3.86 %7/26/245.80 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes500,000 3.65 %6/15/249.68 %
3.85% 2025 Brixmor OP Notes700,000 3.85 %2/1/2513.54 %
4.13% 2026 Brixmor OP Notes600,000 4.13 %6/15/2611.61 %
7.97% 2026 Brixmor LLC Notes694 7.97 %8/14/260.01 %
7.65% 2026 Brixmor LLC Notes6,100 7.65 %11/2/260.12 %
7.68% 2026 Brixmor LLC Notes I748 7.68 %11/2/260.01 %
3.90% 2027 Brixmor OP Notes400,000 3.90 %3/15/277.74 %
6.90% 2028 Brixmor LLC Notes I2,222 6.90 %2/15/280.04 %
6.90% 2028 Brixmor LLC Notes II5,486 6.90 %2/15/280.11 %
2.25% 2028 Brixmor OP Notes350,000 2.25 %4/1/286.77 %
4.13% 2029 Brixmor OP Notes750,000 4.13 %5/15/2914.51 %
7.50% 2029 Brixmor LLC Notes3,203 7.50 %7/30/290.06 %
4.05% 2030 Brixmor OP Notes800,000 4.05 %7/1/3015.48 %
2.50% 2031 Brixmor OP Notes500,000 2.50 %8/16/319.68 %
Total Fixed Rate Unsecured Notes4,618,453 3.69 %89.36 %
Total Fixed Rate Debt$4,918,453 3.70 %95.16 %
Variable Rate Debt:
Unsecured Notes
2022 Brixmor OP Notes$250,000 1.18 %2/1/224.84 %
Total Variable Rate Debt$250,000 1.18 %4.84 %
Total Debt Obligations$5,168,453 3.58 %100.00 %
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) 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.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 16
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COVENANT DISCLOSURE
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants12/31/21
I. Aggregate debt test < 65%47.3 %
Total Debt5,164,518 
Total Assets10,926,524 
II. Secured debt test (1)< 40%N/A
Total Secured Debt (1)— 
Total Assets10,926,524 
III. Unencumbered asset ratio > 150%211.6 %
Total Unencumbered Assets10,926,524 
Unsecured Debt5,164,518 
Prior Twelve MonthsPrior Six Months, Annualized
IV. Debt service test (2) > 1.5x3.8 x3.9 x
Consolidated EBITDA753,089 758,000 
Annual Debt Service Charge199,667 193,876 
(1) The Company had no secured debt as of December 31, 2021.
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, and 2.500% 2031 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on August 11, 2021 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants12/31/21
 I. Leverage ratio < 60% 38.1 %
Total Outstanding Indebtedness5,168,453 
Balance Sheet Cash (1)295,187 
Total Asset Value12,787,847 
II. Secured leverage ratio (2)< 40%N/A
Total Secured Indebtedness (2)— 
Balance Sheet Cash (1)295,187 
Total Asset Value12,787,847 
III. Unsecured leverage ratio < 60% 38.1 %
Total Unsecured Indebtedness5,168,453 
Unrestricted Cash (3)294,076 
Unencumbered Asset Value12,787,847 
IV. Fixed charge coverage ratio > 1.5x 4.1 x
Total Net Operating Income830,651 
Capital Expenditure Reserve10,118 
Fixed Charges199,108 
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of December 31, 2021.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the unsecured credit facility covenant calculations and definitions of capitalized terms please refer to 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 December 31, 2021
Page 17
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>INVESTMENT SUMMARY
Supplemental Disclosure
Three Months Ended December 31, 2021





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, 2021
Land at Ellisville Square (3)St. Louis, MO-IL1/6/21$1,965 3.3 acres
-
-
-
Outparcel adjacent to Cobblestone VillageJacksonville, FL2/16/211,465 5,040 
-
-
-
Land associated with Westgate PlazaSpringfield, MA3/16/21190 21.0 acres
-
-
-
$3,620 5,040 SF /
24.3 acres
Three Months Ended June 30, 2021
Center of Bonita SpringsCape Coral-Fort Myers, FL4/20/21$48,500 281,394 93.6 %$13.38 Publix, Anthony's Ladies Apparel, Bealls Outlet|Home Centric, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery
Champlin MarketplaceMinneapolis-St. Paul-Bloomington, MN-WI6/15/2115,450 91,970 100.0 %13.41 Cub Foods (United Natural Foods Inc.)
$63,950 373,364 
Three Months Ended December 31, 2021
Pawleys Island PlazaGeorgetown, SC10/8/21$26,250 120,095 95.3 %$13.61 Publix, Petco, T.J.Maxx, Tuesday Morning
Granada ShoppesNaples-Marco Island, FL12/9/2197,000 306,981 100.0 %17.18 Trader Joe's, Advance Auto Parts, Chuck E. Cheese's, Hobby Lobby, Marshalls, Tuesday Morning, Walgreens
Kings MarketAtlanta-Sandy Springs-Alpharetta, GA12/22/2139,110 281,064 75.5 %11.37 Publix
ConnexionAtlanta-Sandy Springs-Alpharetta, GA12/28/2129,510 107,687 96.6 %19.13 My Salon Suites
$191,870 815,827 
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2021$259,440 1,194,231 SF /
24.3 acres
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.
(3) Brixmor terminated a ground lease and acquired a land parcel.



Supplemental Disclosure - Three Months Ended December 31, 2021
Page 19
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DISPOSITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Sale Date
Sale Price
GLA /
Acres (1)
Percent Leased (1)ABR
PSF (1)(2)
Major Tenants (1)(3)
Three Months Ended March 31, 2021
Crossroads - Walmart Supercenter (4)Charlotte-Concord-Gastonia, NC-SC1/5/21$7,876 193,513 100.0 %$2.81 Walmart Supercenter
Miracle Mile Shopping Plaza - Wendy's (4)Toledo, OH2/3/211,100 3,060 100.0 %17.97 Wendy's
Braes Oaks CenterHouston-The Woodlands-Sugar Land, TX2/9/214,810 42,567 90.9 %7.49 -
The Pines Shopping CenterAlexandria, LA2/12/218,600 179,039 71.4 %7.43 Super 1 Foods, Ollie's Bargain Outlet
The Centre at NavarroVictoria, TX2/12/215,212 51,542 95.1 %15.02 ALDI, Planet Fitness
Albany PlazaAlbany, GA3/24/213,348 114,169 80.9 %6.71 Harveys (Southeastern Grocers), OK Beauty & Fashions Outlet
Westgate - McDonald's (4)Dublin, GA3/29/21871 3,744 100.0 %N/AMcDonald's
Hunting Hills - Valvoline (4)Roanoke, VA3/31/211,350 1,668 100.0 %N/AValvoline
$33,167 589,302 
Three Months Ended June 30, 2021 (5)
Erie Canal - Starbucks / T-Mobile (6)Syracuse, NY4/1/21$3,908 5,000 100.0 %$51.40 Starbucks, T-Mobile
Berkshire Crossing - Chili's (4)Pittsfield, MA4/1/211,846 4,500 100.0 %N/AChili's
Jefferson ParkMount Pleasant, TX4/6/2110,100 130,096 100.0 %7.55 Super 1 Foods, Harbor Freight Tools, PetSense
Haymarket Mall - UnityPoint Clinic Urgent Care (4)Des Moines-West Des Moines, IA4/16/211,075 12,000 100.0 %5.58 UnityPoint Clinic Urgent Care
Bedford Grove - Vacant Building (4)Manchester-Nashua, NH5/10/218,100 119,097 — %N/A-
Arbor - Broadway Faire - Buffalo Wild Wings (4)Fresno, CA6/8/212,500 6,195 100.0 %24.21 Buffalo Wild Wings
Winwood Town CenterOdessa, TX6/9/2141,900 372,534 100.0 %14.22 H-E-B, dd's Discounts (Ross), Michaels, Office Depot, Party City, Ross Dress for Less, Target
$69,429 649,422 
Three Months Ended September 30, 2021
Miracle Mile Shopping Plaza - McDonald's (4)Toledo, OH7/16/21$1,538 3,500 100.0 %$18.68 McDonald's
Brandt Pike Place - Land Parcel (7)Dayton-Kettering, OH8/16/21525 1.9 acresN/AN/A-
Commerce CentralTullahoma-Manchester, TN8/24/215,250 36,000 82.5 %15.08 Dollar Tree
Lincoln PlazaFort Wayne, IN9/10/213,579 98,288 58.3 %6.90 Kroger
Cedar PlazaCedartown, GA9/13/218,465 83,300 100.0 %8.82 Kroger, Planet Fitness
Ross Plaza - Chase Bank (4)Tampa-St. Petersburg-Clearwater, FL9/30/21960 4,500 100.0 %12.83 Chase Bank
Westgate - Dunkin' Donuts (4)Dublin, GA9/30/21884 2,200 100.0 %25.30 Dunkin' Donuts
Haymarket Mall - Chick-fil-A (4)Des Moines-West Des Moines, IA9/30/211,838 4,877 100.0 %N/AChick-fil-A
Crossroads - Tractor Supply Company (4)Charlotte-Concord-Gastonia, NC-SC9/30/212,493 18,750 100.0 %9.49 Tractor Supply Company
$25,532 251,415 / 1.9 acres
Three Months Ended December 31, 2021
Whitaker SquareWinston-Salem, NC10/13/21$16,600 82,760 96.6 %$15.00 Harris Teeter (Kroger)
Erie Canal Centre (6)Syracuse, NY10/20/2118,650 123,404 100.0 %14.00 Burlington Stores, Dick's Sporting Goods, Michaels
Elk Park CenterMinneapolis-St. Paul-Bloomington, MN-WI10/22/2121,250 205,009 85.8 %11.43 Cub Foods (Jerry's Foods), Planet Fitness
Moundsville PlazaWheeling, WV-OH11/4/2115,350 176,156 89.8 %8.07 Kroger, Big Lots, Dunham's Sports
Cordele SquareCordele, GA12/17/217,262 127,953 85.4 %7.01 Harveys (Southeastern Grocers), Belk, Citi Trends, Cordele Theatres
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 20
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DISPOSITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Sale Date
Sale Price
GLA /
Acres (1)
Percent Leased (1)ABR
PSF (1)(2)
Major Tenants (1)(3)
Ridgeview CentreBig Stone Gap, VA12/21/2111,400 190,242 77.4 %7.93 Dollar Tree, Grand Home Furnishings, Harbor Freight Tools, Marshalls, Ollie's Bargain Outlet
Apple Glen CrossingFort Wayne, IN12/29/2119,550 150,227 93.5 %16.00 Best Buy, Dick's Sporting Goods, PetSmart
Brandt Pike Place (7)Dayton-Kettering, OH12/29/212,075 17,900 100.0 %11.68 -
Brice Park - Sheetz (4)Columbus, OH12/30/212,199 10,500 100.0 %N/ASheetz
Stockbridge Village - Chase Bank (4)Atlanta-Sandy Springs-Alpharetta, GA12/31/211,829 3,950 100.0 %27.85 Chase Bank
$116,165 1,088,101 
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2021$244,293 2,578,240 / 1.9 acres
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold.
(5) In addition, on May 21, 2021, Brixmor received $350 to terminate its underlying ground lease rights and corresponding leasehold interest with Chick-fil-A at Kingston Overlook in Knoxville, TN.
(6) Partial sale of property occurred in the three months ended June 30, 2021. Remaining portion sold in the three months ended December 31, 2021. Data presented reflects only the portion of property sold in each respective quarter.
(7) Partial sale of property occurred in the three months ended September 30, 2021. Remaining portion sold in the three months ended December 31, 2021. Data presented reflects only the portion of property sold in each respective quarter.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 21
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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 December 31, 2021
1 Lompoc CenterSanta Maria-Santa Barbara, CARemerchandise former grocer with a 21K SF ALDI, a 15K SF Boot Barn and an additional junior anchor
2 Stone Mountain FestivalAtlanta-Sandy Springs-Alpharetta, GARemerchandise former Hobby Lobby with a 35K SF Conn’s Home Plus and a 17K SF Harbor Freight Tools
3 Columbus CenterColumbus, INRemerchandise former Big Lots with a 21K SF Burlington Stores and additional small shop space
4 Cayuga MallIthaca, NYRemerchandise former Rite Aid and Party City with a 22K SF ALDI, an 18K SF medical use and additional small shop space
5 Collegetown Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRemerchandise former Staples with a 10K SF Five Below and additional small shop space
In Process Projects (2)
6 Springdale - Phase IIIMobile, ALRemerchandise former Burlington Stores (relocated within center) with a 46K SF Conn's HomePlus, a 27K SF Crunch Fitness, and a 14K SF Fresenius Medical Care
7 Aurora PlazaDenver-Aurora-Lakewood, COCombine former Gen-X and Techno Rescue for a 48K SF Chuze Fitness
8 Westridge CourtChicago-Naperville-Elgin, IL-IN-WICombine several small shop spaces for a 14K SF La-Z-Boy Furniture
9 Seacoast Shopping CenterBoston-Cambridge-Newton, MA-NHRemerchandise former NH1 Motorsports with a 25K SF The Zoo Health Club and additional retailers
10 Hampton Village CentreDetroit-Warren-Dearborn, MIRemerchandise former Best Buy with a 41K SF grocer and a 5K SF My Salon Suites
11 Hamilton PlazaTrenton-Princeton, NJRemerchandise former Kmart with a 21K SF Grocery Outlet, a 16K SF Rothman Orthopaedic Institute, a 10K SF Dollar Tree and additional retailers
12 College PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former Bob’s Stores with a 31K SF Wren Kitchens
13 Parkway PlazaNew York-Newark-Jersey City, NY-NJ-PACombine former Minado Restaurant and Stew Leonard's Wine & Spirits for a 22K SF ALDI
14 Suffolk PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former A&P with a 43K SF grocer and a 14K SF Five Below
15 Garner Towne SquareRaleigh-Cary, NCRemerchandise former grocer with a 30K SF Lidl, a 15K SF Harbor Freight Tools and additional retailers
16 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
Number of ProjectsNet Estimated Costs (1)Gross Costs to DateExpected NOI Yield (1)
Total In Process16 $77,050 $44,750 8% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During The Three Months Ended December 31, 2021
1 Coconut Creek PlazaMiami-Fort Lauderdale-Pompano Beach, FLCombine several small shop spaces for a 13K SF Wellmax Medical Center
2 Elk Grove Town CenterChicago-Naperville-Elgin, IL-IN-WICombine several small shop spaces for a 10K SF Dollar Tree and a 3K SF Athletico Physical Therapy
3 Market CentreElkhart-Goshen, INRemerchandise former Sam's Club with a 40K SF Burlington Stores and a 23K SF Ross Dress for Less
4 Warminster Towne Center - Project IIPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRemerchandise former AC Moore with a 23K SF Sportsman's Warehouse
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 22
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ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
 
Property Name
MSA
Description
Projects Stabilized During The Nine Months Ended September 30, 2021
5 Gateway Plaza - VallejoVallejo, CARemerchandise former Toys"R"Us with a 45K SF LA Fitness
6 North Dover CenterDover, DERemerchandise former Toys"R"Us with a 33K SF Bob's Discount Furniture
7 Coastal Way - Coastal LandingTampa-St. Petersburg-Clearwater, FLRemerchandise former hhgregg with a 22K SF HomeGoods
8 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
9 Lynn MarketplaceBoston-Cambridge-Newton, MA-NHRemerchandise former Shaw’s with a 23K SF Stop And Compare grocer, a 20K SF Crunch Fitness and a 3K SF small shop space
10 Marketplace @ 42Minneapolis-St. Paul-Bloomington, MN-WIRemerchandise and expand former Famous Footwear with a 10K SF Dollar Tree
11 Sun Ray Shopping CenterMinneapolis-St. Paul-Bloomington, MN-WICombine several small shop spaces for a 19K SF BioLife Plasma Services
12 Willow Springs PlazaManchester-Nashua, NHRemerchandise former JCPenney with a 27K SF Patel Brothers grocer
13 Wendover PlaceGreensboro-High Point, NCRemerchandise former Pier 1 with a 10K SF Ulta
14 Valley CrossingHickory-Lenoir-Morganton, NCRemerchandise former Fallas with a 17K SF American Freight Furniture
15 Southland Shopping CenterCleveland-Elyria, OHRemerchandise former Aspire Fitness with a 29K SF UFC Gym
16 Warminster Towne Center - Project IPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRemerchandise former Modell's Sporting Goods with a 17K SF Harbor Freight Tools
17 Belfair Towne VillageHilton Head Island-Bluffton, SCRemerchandise former Steinmart with a 33K SF K1 Speed
18 Crossroads Centre - PasadenaHouston-The Woodlands-Sugar Land, TXRemerchandise and expand former Sears Outlet with a 34K SF LA Fitness and additional small shop space
19 Northtown PlazaHouston-The Woodlands-Sugar Land, TXRemerchandise remaining 23K SF portion of a former Fallas Paredes with a Crazy Boss Big Discount Store
Number of ProjectsNet Project
Costs (1)
NOI Yield (1)
Total Stabilized19 $41,800 13 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Project at Dickson City Crossings moved to in process redevelopment pipeline during the three months ended December 31, 2021 due to expanded project scope.
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, 2021.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 23
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OUTPARCEL DEVELOPMENT SUMMARY
Dollars in thousands
Stabilization
Net Estimated Gross 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 December 31, 2021
1Delhi Shopping CenterCincinnati, OH-KY-INConstruction of a 1K SF Take 5 Oil ChangeDec-22$50 $50 84 %
2Bethel Park Shopping CenterPittsburgh, PAConstruction of a 2K SF PopeyesMar-23550 50 15 %
In Process Projects
3Plaza by the SeaLos Angeles-Long Beach-Anaheim, CAConstruction of a 4K SF multi-tenant outparcel, including a 2K SF Plant Power Fast Food and a 2K SF Handel's Homemade Ice CreamJun-222,900 1,700 7 %
4Rose PavilionSan Francisco-Oakland-Berkeley, CAConstruction of a 2K SF Taco BellSep-22300 200 18 %
5Marketplace at Wycliffe (2)Miami-Fort Lauderdale-Pompano Beach, FLConstruction of a 2K SF KFCSep-22250 200 44 %
6Market CentreElkhart-Goshen, INConstruction of a 10K SF multi-tenant outparcel, including a 5K SF Panera, a 2K SF GNC and a 1K SF Cricket WirelessSep-223,050 2,650 9 %
7Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 5K SF multi-tenant outparcel, including a 3K SF Shake ShackSep-223,100 2,700 14 %
8The Commons at Wolfcreek - Project IIMemphis, TN-MS-ARConstruction of a 2K SF WhataburgerSep-22300 100 61 %
9Plaza Rio VistaRiverside-San Bernardino-Ontario, CAConstruction of a 4K SF Quick Quack Car WashDec-22750 100 16 %
10Westgate PlazaSpringfield, MAConstruction of a 20K SF ALDI and 2K SF PopeyesDec-222,500 1,300 9 %
11Capitol Shopping CenterConcord, NHConstruction of a 6K SF 110 Grill, an 8K SF multi-tenant building and a 2K SF drive thruDec-225,000 350 9 %
12Nesconset Shopping CenterNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center)Sep-234,750 1,250 9 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$23,500 $10,650 11 %
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 24
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OUTPARCEL DEVELOPMENT SUMMARY
Dollars in thousands
Stabilization
Net Project
Property Name
MSA
Project Description
Quarter
 Costs (1,3)NOI Yield (1,3)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During The Three Months Ended December 31, 2021
1Tri-City PlazaBoston-Cambridge-Newton, MA-NHConstruction of a 4K SF Aspen DentalDec-21$1,650 9 %
2County Line Plaza (4)Philadelphia-Camden-Wilmington, PA-NJ-DE-MDConstruction of a 3K SF American Family Care and a 2K SF ChipotleDec-21400 13 %
3Whitemarsh 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 FitnessDec-214,750 9 %
Projects Stabilized During The Nine Months Ended September 30, 2021
4Arapahoe CrossingDenver-Aurora-Lakewood, COConstruction of a 4K SF Bank of AmericaMar-21400 49 %
5Westwind PlazaMinneapolis-St. Paul-Bloomington, MN-WIConstruction of a 4K SF Chase BankMar-211,050 14 %
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-214,500 8 %
7Brice ParkColumbus, OHConstruction of an 11K SF SheetzMar-21100 161 %
8Park 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, a 1K SF Lettuce Bowl Café and a 1K SF Sports ClipsMar-213,900 9 %
9Tuckernuck SquareRichmond, VAConstruction of a 2K SF StarbucksMar-211,400 9 %
10Speedway Super CenterIndianapolis-Carmel-Anderson, INConstruction of a 4K SF Bank of AmericaJun-21300 52 %
11West Loop Shopping CenterManhattan, KSConstruction of a 4K SF Tommy's Car Wash and 1K SF Scooter's CoffeeJun-21150 29 %
12Brentwood PlazaCincinnati, OH-KY-INConstruction of a 2K SF Bank of AmericaJun-21100 119 %
13Hamilton PlazaTrenton-Princeton, NJConstruction of a 6K SF multi-tenant outparcel, including a 4K SF American Family Care and a 2K SF StarbucksSep-212,700 9 %
14Bethel Park Shopping CenterPittsburgh, PAConstruction of a 4K SF Chase BankSep-21300 25 %
15The Commons at Wolfcreek - Project IMemphis, TN-MS-ARRelocation of Chick-fil-A to an existing outparcel to accommodate construction of a multi-tenant outparcel including a 4K SF Aspen Dental and a 3K SF Sleep NumberSep-212,500 23 %
16Watson Glen Shopping CenterNashville-Davidson--Murfreesboro--Franklin, TNConstruction of a 2K SF Chase BankSep-21100 28 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$24,300 13 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude $0.6 million of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(4) Net project costs exclude $1.8 million of project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 25
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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 December 31, 2021
1 Gateway Plaza - VallejoVallejo, CARedevelopment of former Hancock Fabrics with a 13K SF PetSmart; remerchandising small shop space; and shopping center upgrades including façade renovations53Sep-22$5,100 $300 8 %
2 Vail Ranch CenterRiverside-San Bernardino-Ontario, CARedevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken and additional retailers; remerchandise additional small shop space with relevant retailers including a 7K SF My Salon Suite; and shopping center upgrades including façade renovations, parking, and roof repairs10Dec-228,750 1,300 9 %
3 Dickson City Crossings (2)Scranton--Wilkes-Barre, PARemerchandise former Dick's Sporting Goods and AC Moore with a 41K SF Burlington Stores and additional junior anchors; redevelopment of former Pier 1 outparcel into a multi-tenant building; and shopping center upgrades including partial façade renovations and addition of outdoor seating29Jun-238,350 2,800 10 %
4 East Port PlazaPort St. Lucie, FLConstruction of a 3K SF Starbucks outparcel; remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and parking updates, point of entry and signage improvements, and common area enhancements including improved pedestrian walkways32Mar-247,150 1,350 8 %
In Process Projects
5 Tinley Park Plaza (3)Chicago-Naperville-Elgin, IL-IN-WIDemolish 80K SF of structurally obsolescent anchor space to accommodate construction of a 38K SF grocer, a 25K SF Burlington Stores and additional retailers; renovate and remerchandise 13K SF of retail space; and shopping center upgrades including façade and parking renovations, and new pylon signs, landscaping and irrigation22Jun-2220,350 14,900 13 %
6 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 4,800 6 %
7 Braes HeightsHouston-The Woodlands-Sugar Land, TXExpansion of existing My Salon Suite to 14K SF; remerchandise shopping center with new relevant retailers; and shopping center upgrades including full center façade renovation, parking reconfiguration, pylon sign improvements and new landscaping6Jun-228,650 6,500 8 %
8 Jester VillageHouston-The Woodlands-Sugar Land, TXRecapture and redevelopment of former H-E-B and adjacent junior anchor vacancy with a 37K SF fitness tenant and additional retailers; and shopping center upgrades including façade and parking renovations5Jun-229,400 8,800 9 %
9 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 lighting18Sep-229,500 5,950 10 %
10 Stewart PlazaNew York-Newark-Jersey City, NY-NJ-PARedevelopment and rightsize of existing Burlington Stores to 64K SF to accommodate addition of a 75K SF Floor & Décor; remerchandise additional small shop space with new relevant retailers; and shopping center upgrades including façade renovations, parking and pylon sign enhancements13Sep-2215,150 11,900 10 %
11 Village at Mira Mesa - Phase II (4)San Diego-Chula Vista-Carlsbad, CARaze existing 6K SF 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 space36Dec-2212,600 10,300 7 %
12 Tyrone GardensTampa-St. Petersburg-Clearwater, FLDemolish 26K SF of underutilized retail space to accommodate construction of a 19K SF Crunch Fitness and additional retail space; and shopping center upgrades including façade renovations and sidewalk and landscaping improvements16Dec-226,350 400 9 %
13 Speedway Super Center - Phase IIIndianapolis-Carmel-Anderson, INRedevelopment and rightsize of 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 and lighting enhancements66Dec-227,700 5,300 10 %
14 Fox RunWashington-Arlington-Alexandria, DC-VA-MD-WVRedevelopment of former Kmart and Peebles with a 38K SF Big Lots, a 19K SF Planet Fitness, an 18K SF additional junior anchor, a 10K SF Ulta, a 9K SF Five Below and additional retailers; construction of two stand-alone outparcel buildings and one multi-tenant building; and shopping center upgrades including new pylon signage, landscaping and parking enhancements30Dec-2221,400 14,500 8 %
15 Laurel SquareNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former Pathmark to accommodate a 30K SF Corrado's 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 enhancements and pylon sign upgrades31Dec-2212,550 5,400 10 %
16 Old Bridge GatewayNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former Modell's Sporting Goods and adjacent retail space with a 38K SF grocer; lease-up of additional small shop space; and shopping center upgrades, including façade renovations, landscaping and parking reconfiguration23Dec-2210,650 8,950 7 %
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-222,150 1,200 15 %
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 26
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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)
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 a 25K SF buybuy Baby and an additional junior anchor retailer; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel27Jun-2312,200 6,400 9 %
19 Marco Town CenterNaples-Marco Island, FLRemerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and signage enhancements, parking reconfiguration and common area improvements including addition of outdoor dining patios and gathering areas10Sep-2311,500 8,400 10 %
20 Pointe Orlando - Phase IOrlando-Kissimmee-Sanford, FLRemerchandise existing small shop retail with relevant retailers including an 11K SF Hampton Social and a 7K SF Kavas Tacos & Tequila; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas17Dec-2336,600 24,150 8 %
21 Wynnewood Village - Phase IVDallas-Fort Worth-Arlington, TXGround-up construction of a large-format retail use65Dec-236,500 1,250 9 %
22 Shops at Palm LakesMiami-Fort Lauderdale-Pompano Beach, FLRedevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage and landscaping and new signage and lighting27Sep-2433,650 15,450 7 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$273,700 $160,300 9 %
Property
Stabilization
Net Project
NOI
Property Name
MSA
Project Description
Acreage
Quarter
 Costs (1,5)Yield (1,5)
STABILIZED REDEVELOPMENTS
Projects Stabilized During The Three Months Ended December 31, 2021
1 Freedom SquareNaples-Marco Island, FLRemerchandise former Kmart with a 35K SF Burlington Stores, a 30K SF HomeGoods, a 20K SF Planet Fitness and additional small shop space; shopping center upgrades including façade renovations and landscaping22Dec-21$11,000 12 %
2 Village at Newtown (6)Philadelphia-Camden-Wilmington, PA-NJ-DE-MDExpansion and renovation of center including 60K SF of new construction, including a 10K SF Ulta; remerchandise existing small shop retail; and shopping center upgrades including façade, common areas and infrastructure enhancements30Dec-2139,150 9 %
Projects Stabilized During The Nine Months Ended September 30, 2021
3 Collegetown Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of former Kmart with a 40K SF Big Lots, a 25K SF LIDL and a 22K SF Ross Dress for Less; construction of multiple outparcel buildings; and shopping center upgrades, including façade renovations, parking reconfiguration, and pylon sign and lighting enhancements23Mar-2115,550 8 %
4 Roseville CenterMinneapolis-St. Paul-Bloomington, MN-WIDemolish 26K SF of retail space to accommodate a 25K SF ALDI; reconfigure remaining underutilized small shop space; and shopping center upgrades including façade renovations, parking reconfiguration and common area enhancements6Jun-216,800 9 %
5 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-2117,150 7 %
6 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 a 2K SF Tropical Smoothie Cafe; construction of a multi-tenant outparcel building including a 3K SF Buff City Soap, a 3K SF Chicken Salad Chick and a 3K SF Sleep Outfitters; and shopping center upgrades including façade renovations, new pylon signage, landscaping and parking enhancements33Sep-2112,450 12 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$102,100 9 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Project moved from in process anchor space repositioning pipeline during the three months ended December 31, 2021 due to expanded project scope.
(3) NOI yield includes amounts anticipated to be received as part of an executed tax increment financing (TIF) agreement, which may not be received until after the expected stabilization date.
(4) Net project costs exclude $1.5M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(6) Net project costs exclude $0.3M of project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 27
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FUTURE REDEVELOPMENT OPPORTUNITIES
Property NameMSAProject Description
MAJOR REDEVELOPMENTS
1 University MallSacramento--Roseville--Arden-Arcade, CAExtensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
2 Village at Mira Mesa - Phase IIISan Diego-Carlsbad, CARedevelopment of existing anchor space for multiple retailers and potential residential rental component
3 Superior MarketplaceBoulder, CORedevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family or hospitality users
4 Mall at 163rd StreetMiami-Fort Lauderdale-West Palm Beach, FLExtensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
5 Pointe Orlando - Phase IIOrlando-Kissimmee-Sanford, FLRedevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
6 Northeast PlazaAtlanta-Sandy Springs-Roswell, GARedevelopment and repositioning of shopping center including potential residential component
7 Westridge CourtChicago-Naperville-Elgin, IL-IN-WIRedevelopment of existing retail space to create entertainment / restaurant destination
8 Arborland CenterAnn Arbor, MIRedevelopment and repositioning of shopping center, densification of site
9 Richfield HubMinneapolis-St. Paul-Bloomington, MN-WIRedevelopment and repositioning of shopping center, densification of site
10 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
11 Rockland PlazaNew York-Newark-Jersey City, NY-NJ-PAExtensive redevelopment and repositioning of shopping center, multiple outparcel developments
12 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
13 Plymouth Square Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment and remerchandising of shopping center
14 Roosevelt Mall - Future PhasesPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDExtensive repositioning and reconfiguration, densification of site
15 Market PlazaDallas-Fort Worth-Arlington, TXExtensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
16 Preston Park VillageDallas-Fort Worth-Arlington, TXRepurpose, assemble and reposition for national retail merchandise mix, densification of site, enhancement of common areas
17 Wynnewood Village - Future PhasesDallas-Fort Worth-Arlington, TXRedevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Springdale - Phase IVMobile, ALDensification of site, including a multi-tenant outparcel development
2 Center of Bonita Springs (1)Cape Coral-Fort Myers, FLRedevelopment of existing anchor space for multiple retailers, densification of site
3 Sunrise Town Center (1)Miami-Fort Lauderdale-Pompano Beach, FLRedevelopment and repositioning of shopping center
4 Venetian Isle Shopping CenterMiami-Fort Lauderdale-Pompano Beach, FLRedevelopment of existing anchor space for new anchor prototype, potential outparcel development
5 Granada Shoppes (1)Naples-Marco Island, FLRedevelopment of existing anchor space for multiple retailers
6 Coastal Way - Coastal Landing (1)Tampa-St. Petersburg-Clearwater, FLRedevelopment of existing anchor space for multiple retailers
7 Kings Market (1)Atlanta-Sandy Springs-Alpharetta, GARedevelopment and repositioning of shopping center
8 Mansell CrossingAtlanta-Sandy Springs-Alpharetta, GADensification of site, including multi-tenant outparcel development
9 The Village at MabletonAtlanta-Sandy Springs-Alpharetta, GARedevelopment of existing anchor space for multiple retailers
10 NorthsideDalton, GAReposition of former anchor which may include site densification with addition of outparcel pad development
11 WaterTower PlazaWorcester, MA-CTReposition of former anchor with major grocery tenant and spec space
12 Delta CenterLansing-East Lansing, MIRedevelopment of existing anchor space for multiple retailers
13 Capitol Shopping CenterConcord, NHRedevelopment of existing anchor space for multiple retailers
14 Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PARemerchandise with relevant uses, façade renovation and enhancement of common areas
15 Middletown PlazaNew York-Newark-Jersey City, NY-NJ-PAReposition of former anchor outparcel and peripheral façade renovation
16 Morris Hills Shopping CenterNew York-Newark-Jersey City, NY-NJ-PADensification of site, including multi-tenant outparcel development, potential multi-family component
17 Bristol ParkPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of existing anchor space, inline shop space and façade renovation
18 Valley FairPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDReposition of former anchor and façade renovation
19 Circle Center (1)Hilton Head Island-Bluffton, SCRedevelopment and repositioning of shopping center
20 Hillcrest Market PlaceSpartanburg, SCRedevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas
(1) Indicates project added to the pipeline during the three months ended December 31, 2021.
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend or defer the expected opportunity or timing of execution. While the Company believes that these projects are likely to become active in the
near-term, it should be noted that this list will fluctuate as projects become active, or are suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2021.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 28
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>PORTFOLIO SUMMARY
Supplemental Disclosure
Three Months Ended December 31, 2021




PORTFOLIO OVERVIEW
Dollars in thousands, except per square foot amounts


As of:
12/31/219/30/216/30/213/31/2112/31/20
Number of properties382 386 389 389 393 
GLA67,452,927 67,712,852 67,982,996 68,278,376 68,852,305 
Percent billed88.7%88.2%88.1%87.8%87.8%
Percent leased92.0%91.5%91.1%90.8%90.7%
TOTAL ≥ 10,000 SF94.4%94.2%94.0%93.8%93.8%
TOTAL < 10,000 SF86.7%85.7%84.8%84.2%83.8%
ABR$           900,623 $           888,875 $           880,335 $           875,388 $           875,925 
ABR PSF$               15.42 $               15.25 $               15.12 $               15.05 $               14.93 
PORTFOLIO BY UNIT SIZE AS OF 12/31/21
Number of
Units
GLAPercent of GLAPercent BilledPercent Leased ABRABR PSF
≥ 35,000 SF429 24,408,959 36.2%93.5%95.4%$           221,454 $               10.75 
20,000 - 34,999 SF511 13,409,045 19.9%90.0%94.1%140,349 11.23 
10,000 - 19,999 SF628 8,587,903 12.7%88.8%92.0%112,950 14.67 
5,000 - 9,999 SF1,123 7,739,111 11.5%83.2%88.1%123,312 18.90 
< 5,000 SF6,275 13,307,909 19.7%81.5%85.8%302,558 27.35 
TOTAL8,966 67,452,927 100.0%88.7%92.0%$           900,623 $               15.42 
TOTAL ≥ 10,000 SF1,568 46,405,907 68.8%91.6%94.4%$           474,753 $               11.63 
TOTAL < 10,000 SF7,398 21,047,020 31.2%82.2%86.7%425,870 24.22 
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 30
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PORTFOLIO COMPOSITION
ESSENTIAL, HYBRID AND OTHER RETAIL / SERVICES
Percent of Portfolio Leased GLA
chart-54eae958a0de409897e.jpg
NATIONAL / REGIONAL AND LOCAL TENANTS (1)
Percent of Portfolio Leased GLA

chart-2f91e2cfd858411ea21.jpg


ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA
chart-054fe1c47c5e4fe6a44.jpg

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

Percent of Portfolio ABR
chart-3d88bbf334964bb7a85.jpg

Percent of Portfolio ABR
chart-c31ee76a26304f61b02.jpg


Percent of Portfolio ABR

chart-6211968fe0c4409c9c2.jpg

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


•98% of 4Q21 billed base rent collected for National / Regional tenants and 94% of 4Q21 billed base rent collected for Local tenants as of 2/1/22

•99% of 4Q21 billed base rent collected for Anchor tenants and 96% of 4Q21 billed base rent collected for Small Shop tenants as of 2/1/22
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 31
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\
MERCHANDISE MIX COMPOSITION
Dollars in thousands
Essential = 33% of ABRHybrid = 25% of ABROther Retail / Services = 42% of ABR

Essential / Hybrid = 58% of ABR
~70% of shopping centers are grocery-anchored
As of 2/1/22
Merchandise Mix ABRPercent of ABRPercent of 2Q20, 3Q20, and 4Q20 Billed Base Rent CollectedPercent of 1Q21 Billed Base Rent CollectedPercent of 2Q21 Billed Base Rent CollectedPercent of 3Q21 Billed Base Rent CollectedPercent of 4Q21 Billed Base Rent CollectedPercent of 2021 Billed Base Rent Collected
ESSENTIAL$301,257 33 %100 %100 %99 %100 %99 %99 %
Grocery / Pharmacy141,408 16 %100 %100 %100 %100 %100 %100 %
General Merchandise (Discount / Dollar)33,608 4 %100 %100 %100 %99 %99 %99 %
Pet25,356 3 %100 %100 %99 %100 %100 %99 %
Financial services24,975 3 %100 %100 %100 %100 %100 %100 %
Medical (essential)22,473 2 %99 %99 %100 %100 %99 %99 %
Home improvement16,151 2 %99 %100 %100 %100 %99 %100 %
Mail / Shipping and Other services15,114 1 %97 %98 %98 %99 %98 %98 %
Other Essential12,480 1 %100 %100 %100 %100 %100 %100 %
Auto9,692 1 %100 %100 %99 %98 %95 %98 %
HYBRID$224,956 25 %94 %96 %97 %97 %97 %97 %
Restaurants133,631 15 %91 %93 %95 %96 %95 %95 %
Electronics & Appliance26,669 3 %98 %99 %99 %99 %98 %99 %
Medical (hybrid)24,576 2 %98 %99 %100 %99 %99 %99 %
Hobby & Crafts16,966 2 %98 %99 %99 %100 %100 %99 %
Liquor9,127 1 %100 %100 %100 %100 %100 %100 %
Other Hybrid Services8,022 1 %99 %99 %99 %99 %99 %99 %
Other Hybrid Retail5,965 1 %91 %97 %97 %97 %96 %96 %
OTHER RETAIL / SERVICES$374,410 42 %90 %94 %96 %97 %97 %96 %
Other Services63,980 7 %93 %95 %97 %96 %94 %95 %
Off-Price Apparel59,465 7 %98 %100 %100 %100 %100 %100 %
Fitness / Sports49,055 5 %74 %89 %92 %95 %95 %93 %
Value Apparel, Shoes, Accessories44,612 5 %90 %95 %97 %98 %97 %97 %
Home Décor43,167 5 %95 %100 %100 %99 %99 %99 %
General Merchandise (Department, Gift, etc.)33,776 4 %95 %97 %98 %98 %99 %98 %
Other Retail32,199 4 %97 %99 %100 %100 %100 %100 %
Health & Beauty25,949 3 %96 %97 %98 %98 %98 %98 %
Entertainment22,207 2 %59 %50 %80 %90 %85 %77 %
TOTAL$900,623 100 %94 %96 %98 %98 %98 %97 %
Rent deferrals, abatements and retro billing adjustments4 %2 %1 %1 %1 %1 %
Total addressed billed base rent98 %98 %99 %99 %99 %98 %

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 32
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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
1 The TJX Companies, Inc. (2)87 2,629,639 3.9 %$31,244 3.5 %$11.88 
2 The Kroger Co. (3)43 2,947,508 4.4 %21,633 2.4 %7.34 
3 Burlington Stores, Inc.31 1,479,953 2.2 %16,148 1.8 %10.91 
4 Dollar Tree Stores, Inc. (4)124 1,440,678 2.1 %16,068 1.8 %11.15 
5 Publix Super Markets, Inc.32 1,430,950 2.1 %14,548 1.6 %10.17 
6 Ross Stores, Inc (5)36 959,060 1.4 %11,742 1.3 %12.24 
7 Ahold Delhaize (6)20 1,059,637 1.6 %11,273 1.3 %10.64 
8 L.A Fitness International, LLC14 566,362 0.8 %10,944 1.2 %19.32 
9 PetSmart, Inc.27 605,860 0.9 %9,302 1.0 %15.35 
10 Albertson's Companies, Inc (7)13 740,399 1.1 %9,201 1.0 %12.43 
427 13,860,046 20.5 %152,103 16.9 %10.97 
11 Big Lots, Inc.36 1,159,599 1.7 %8,213 0.9 %7.08 
12 PETCO Animal Supplies, Inc. (8)33 447,890 0.7 %7,920 0.9 %17.68 
13 Ulta Beauty, Inc.29 326,152 0.5 %7,571 0.8 %23.21 
14 Five Below, Inc.43 391,619 0.6 %7,334 0.8 %18.73 
15 Kohl's Corporation12 914,585 1.4 %7,253 0.8 %7.93 
16 Party City Holdco Inc.32 464,729 0.7 %6,804 0.8 %14.64 
17 The Michaels Companies, Inc.22 496,954 0.7 %6,226 0.7 %12.53 
18 Bed Bath & Beyond, Inc. (9)23 553,560 0.8 %6,101 0.7 %11.02 
19 Staples, Inc.23 476,334 0.7 %5,932 0.7 %12.45 
20 Amazon.com, Inc. / Whole Foods Market Services, Inc.9 300,997 0.4 %5,516 0.6 %18.33 
689 19,392,465 28.7 %220,973 24.6 %11.39 
21 Office Depot, Inc. (10)21 459,486 0.7 %5,320 0.6 %11.58 
22 Best Buy Co., Inc.10 408,010 0.6 %5,055 0.6 %12.39 
23 CVS Health15 222,799 0.3 %4,900 0.5 %21.99 
24 JOANN Stores, Inc.21 415,255 0.6 %4,803 0.5 %11.57 
25 Hobby Lobby Stores, Inc.12 673,146 1.0 %4,739 0.5 %7.04 
26 Wal-Mart Stores, Inc. (11)11 1,194,064 1.8 %4,552 0.5 %3.81 
27 JP Morgan Chase & Co.27 96,393 0.1 %4,494 0.5 %46.62 
28 Harbor Freight Tools24 411,208 0.6 %4,254 0.5 %10.35 
29 Gap, Inc. (12)13 215,422 0.3 %4,165 0.5 %19.33 
30 The Home Depot, Inc.5 428,868 0.6 %4,136 0.5 %9.64 
31 DICK's Sporting Goods, Inc. (13)8 289,051 0.4 %4,065 0.5 %14.06 
32 Designer Brands Inc. (DSW)13 256,901 0.4 %3,959 0.4 %15.41 
33 Walgreens Boots Alliance, Inc.18 237,680 0.4 %3,871 0.4 %16.29 
34 Sally Beauty Holdings, Inc. (14)86 155,478 0.2 %3,585 0.4 %23.06 
35 AMC Entertainment Holdings, Inc.4 200,955 0.3 %3,579 0.4 %17.81 
36 Wakefern Food Corporation (15)5 267,832 0.4 %3,573 0.4 %13.34 
37 Bank of America, NA25 87,063 0.1 %3,497 0.4 %40.17 
38 Rainbow Shops34 252,722 0.4 %3,418 0.4 %13.52 
39 Regal Entertainment Group (16)3 156,549 0.2 %3,291 0.4 %21.02 
40 Giant Eagle, Inc3 242,946 0.4 %3,165 0.4 %13.03 
TOTAL TOP 40 RETAILERS1,047 26,064,293 38.5 %$303,394 33.9 %$11.64 
(1) Includes only locations which are owned or guaranteed by the parent company.(7) Includes Vons-3, Acme-2, Jewel-Osco-2, Tom Thumb-2, Albertsons-2,(13) Includes DICK'S Sporting Goods-4 and Golf Galaxy-4.
(2) Includes T.J. Maxx-36, Marshalls-33, HomeGoods-16, HomeSense-1, and Sierra Trading Post-1.Shop & Save Market-1, and Star Market-1.(14) Includes Sally Beauty-78, Cosmoprof-7, and Macon Beauty Systems-1.
(3) Includes Kroger-32, King Soopers-4, Ralphs-2, Dillons-1, Food 4 Less-1, Harris Teeter-1(8) Includes PETCO-32 and Unleashed-1.(15) Includes ShopRite-3 and PriceRite-2.
Pay Less-1, and Pick 'N Save-1.(9) Includes Bed Bath & Beyond-14, Harmon Face Values-4, buybuy Baby-3,(16) Includes Regal Cinemas-2 and United Artist Theatres-1.
(4) Includes Dollar Tree-109, Family Dollar-14, and Deal$-1.and Cost Plus World Market (sublease)-2.
(5) Includes Ross Dress for Less-32 and dd's Discounts-4.(10) Includes Office Depot-11 and OfficeMax-10.
(6) Includes Giant Food-6, Super Stop & Shop-6, Food Lion-4, Bottom Dollar Food-1, Hannaford-1,(11) Includes Supercenters-8, Discount Stores-2, and Walmart Neighborhood Market-1.
 Stop & Shop-1, and Tops Market-1.(12) Includes Old Navy-11 and Gap Factory-2.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 33
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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 12/31/21467 2,866,093 $47,923 $16.72 $3.99 $2.23 6.3 351 2,241,762 $15.90 $14.09 12.8 %
Three months ended 9/30/21386 2,770,003 40,269 14.54 3.23 1.43 6.0 285 2,352,283 14.22 12.85 10.7 %
Three months ended 6/30/21396 2,275,255 37,423 16.45 4.75 2.06 6.1 304 1,893,136 15.89 14.45 10.0 %
Three months ended 3/31/21392 2,130,048 35,558 16.69 4.59 1.60 5.6 309 1,717,603 16.94 15.88 6.7 %
TOTAL - TWELVE MONTHS ENDED 12/31/211,641 10,041,399 $161,173 $16.05 $4.08 $1.84 6.0 1,249 8,204,784 $15.63 $14.19 10.1 %

NEW & RENEWAL LEASES ONLY
Three months ended 12/31/21430 2,121,990 $40,498 $19.08 $5.39 $3.01 6.9 314 1,497,659 $18.84 $16.45 14.5 %
Three months ended 9/30/21332 1,719,493 28,570 16.62 5.20 2.31 6.6 231 1,301,773 16.70 14.87 12.3 %
Three months ended 6/30/21361 1,566,061 30,040 19.18 6.91 2.99 6.5 269 1,183,942 19.17 17.32 10.7 %
Three months ended 3/31/21355 1,409,570 26,461 18.77 6.94 2.42 6.0 272 997,125 20.05 18.73 7.0 %
TOTAL - TWELVE MONTHS ENDED 12/31/211,478 6,817,114 $125,569 $18.42 $6.01 $2.71 6.5 1,086 4,980,499 $18.60 $16.70 11.4 %
NEW LEASES
Three months ended 12/31/21175 954,979 $19,218 $20.12 $10.90 $6.57 10.0 68 381,973 $20.58 $14.52 41.7 %
Three months ended 9/30/21161 745,712 13,001 17.43 9.62 5.28 8.2 60 327,992 18.82 14.90 26.3 %
Three months ended 6/30/21163 700,175 13,639 19.48 14.44 6.45 9.3 75 328,891 19.93 16.64 19.8 %
Three months ended 3/31/21140 654,505 11,164 17.06 14.37 5.16 8.7 60 252,511 19.18 15.95 20.3 %
TOTAL - TWELVE MONTHS ENDED 12/31/21639 3,055,371 $57,022 $18.66 $12.14 $5.92 9.1 263 1,291,367 $19.70 $15.44 27.6 %
RENEWAL LEASES
Three months ended 12/31/21255 1,167,011 $21,280 $18.23 $0.87 $0.10 4.4 246 1,115,686 $18.24 $17.12 6.5 %
Three months ended 9/30/21171 973,781 15,569 15.99 1.82 0.04 5.3 171 973,781 15.99 14.86 7.6 %
Three months ended 6/30/21198 865,886 16,401 18.94 0.81 0.20 4.3 194 855,051 18.88 17.59 7.3 %
Three months ended 3/31/21215 755,065 15,297 20.26 0.50 0.05 3.6 212 744,614 20.34 19.67 3.4 %
TOTAL - TWELVE MONTHS ENDED 12/31/21839 3,761,743 $68,547 $18.22 $1.03 $0.10 4.4 823 3,689,132 $18.22 $17.14 6.3 %
OPTION LEASES
Three months ended 12/31/2137 744,103 $7,425 $9.98 $— $— 4.7 37 744,103 $9.98 $9.33 7.0 %
Three months ended 9/30/2154 1,050,510 11,699 11.14 — — 5.0 54 1,050,510 11.14 10.35 7.6 %
Three months ended 6/30/2135 709,194 7,383 10.41 — — 5.0 35 709,194 10.41 9.64 8.0 %
Three months ended 3/31/2137 720,478 9,097 12.63 — — 5.0 37 720,478 12.63 11.93 5.9 %
TOTAL - TWELVE MONTHS ENDED 12/31/21163 3,224,285 $35,604 $11.04 $— $— 4.9 163 3,224,285 $11.04 $10.31 7.1 %
LEASES BY ANCHOR AND SMALL SHOPThree Months Ended 12/31/21Twelve Months Ended 12/31/21
% of LeasesGLA% of GLA% of ABRNew ABR PSFRent Spread (1)% of LeasesGLA% of GLA% of ABRNew ABR PSFRent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases14 %1,718,335 60 %43 %$11.92 13.9 %14 %6,110,074 61 %44 %$11.49 8.8 %
New & Renewal Leases Only11 %1,064,490 50 %39 %14.72 17.5 %10 %3,239,332 48 %35 %13.45 10.9 %
New Leases12 %500,038 52 %44 %16.81 67.4 %11 %1,457,079 48 %36 %14.15 38.1 %
Renewal Leases11 %564,452 48 %34 %12.86 0.1 %10 %1,782,253 47 %33 %12.88 1.7 %
Option Leases41 %653,845 88 %65 %7.36 6.5 %46 %2,870,742 89 %75 %9.28 6.3 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases86 %1,147,758 40 %57 %$23.91 12.0 %86 %3,931,325 39 %56 %$23.14 11.3 %
New & Renewal Leases Only89 %1,057,500 50 %61 %23.48 12.6 %90 %3,577,782 52 %65 %22.92 11.6 %
New Leases88 %454,941 48 %56 %23.76 21.8 %89 %1,598,292 52 %64 %22.77 21.1 %
Renewal Leases89 %602,559 52 %66 %23.27 10.3 %90 %1,979,490 53 %67 %23.03 8.8 %
Option Leases59 %90,258 12 %35 %28.95 7.9 %54 %353,543 11 %25 %25.36 9.5 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 34
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
Dollars in thousands, except per square foot amounts
NEW LEASE NET EFFECTIVE RENT
Twelve Months EndedThree Months Ended
12/31/2112/31/219/30/216/30/213/31/2112/31/20
NEW LEASES
Weighted average over lease term:
Base rent$ 20.00$ 21.65$ 18.53$ 21.04$ 18.15$ 18.64
Tenant improvements and allowances(1.55)(1.36)(1.35)(1.80)(1.76)(1.97)
Third party leasing commissions(0.63)(0.68)(0.57)(0.70)(0.55)(0.52)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK17.8219.6116.6118.5415.8416.15
Tenant specific landlord work (1)(1.35)(1.02)(1.35)(1.83)(1.31)(0.92)
NET EFFECTIVE RENT$ 16.47$ 18.59$ 15.26$ 16.71$ 14.53$ 15.23
Net effective rent before tenant specific landlord work /
base rent89%91%90%88%87%87%
Net effective rent / base rent82%86%82%79%80%82%
Weighted average term (years)9.110.08.29.38.78.0
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF35%44%29%30%32%22%
< 10,000 SF65%56%71%70%68%78%
LEASES SIGNED BUT NOT YET COMMENCED (2)
As of 12/31/21:LeasesGLAABRABR PSF
≥ 10,000 SF
601,527,020$ 22,986$ 15.05
< 10,000 SF
3341,044,68627,28726.12
TOTAL3942,571,706$ 50,273$ 19.55
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 380 basis points of total portfolio GLA, 50 basis points of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 35
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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-M316 925,791 1.5 %1.5 %$14.87 $14.87 15 259,317 0.6 %0.6 %$10.22 $10.22 301 666,474 3.7 %2.6 %$16.68 $16.68 
20221,089 5,673,548 9.1 %8.7 %13.77 13.78 117 3,172,818 7.2 %5.9 %8.88 8.88 972 2,500,730 13.7 %11.7 %19.98 19.98 
20231,124 7,015,328 11.3 %11.6 %14.88 15.02 175 4,575,885 10.4 %10.1 %10.48 10.53 949 2,439,443 13.4 %13.2 %23.14 23.43 
20241,143 8,958,585 14.4 %13.1 %13.18 13.40 187 6,466,369 14.8 %13.2 %9.60 9.62 956 2,492,216 13.7 %13.2 %22.50 23.23 
2025929 7,755,001 12.5 %11.9 %13.77 14.06 181 5,582,718 12.7 %12.2 %10.40 10.46 748 2,172,283 11.9 %11.4 %22.43 23.34 
2026882 7,395,456 11.9 %12.0 %14.62 15.08 178 5,348,204 12.2 %12.2 %10.82 10.91 704 2,047,252 11.2 %11.8 %24.56 26.00 
2027640 6,257,566 10.1 %9.7 %13.96 15.21 148 4,679,318 10.7 %10.8 %10.97 11.70 492 1,578,248 8.7 %8.5 %22.83 25.60 
2028340 2,912,451 4.7 %5.3 %16.24 17.77 73 2,043,600 4.7 %5.0 %11.72 12.38 267 868,851 4.8 %5.5 %26.86 30.43 
2029367 3,841,848 6.2 %6.3 %14.80 16.42 103 2,982,501 6.8 %7.2 %11.52 12.47 264 859,347 4.7 %5.3 %26.18 30.12 
2030285 2,951,175 4.8 %4.8 %14.57 16.17 71 2,217,968 5.1 %5.0 %10.62 11.37 214 733,207 4.0 %4.6 %26.54 30.68 
2031295 2,745,081 4.4 %5.0 %16.34 18.48 71 1,953,490 4.5 %5.2 %12.74 14.09 224 791,591 4.2 %4.7 %25.22 29.31 
2032+447 5,597,591 9.1 %10.1 %16.43 19.09 145 4,507,185 10.3 %12.6 %13.31 14.96 302 1,090,406 6.0 %7.5 %29.32 36.16 
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-M316 925,791 1.5 %1.5 %$14.87 $14.87 15 259,317 0.6 %0.6 %$10.22 $10.22 301 666,474 3.7 %2.6 %$16.68 $16.68 
2022901 3,362,147 5.4 %5.5 %14.78 14.79 56 1,310,718 3.0 %2.1 %7.50 7.50 845 2,051,429 11.2 %9.3 %19.44 19.44 
2023827 3,008,686 4.9 %6.1 %18.12 18.41 61 1,194,932 2.7 %2.6 %10.49 10.70 766 1,813,754 9.9 %9.9 %23.15 23.49 
2024777 2,830,426 4.6 %5.5 %17.48 18.04 46 1,139,122 2.6 %2.6 %10.64 10.71 731 1,691,304 9.3 %8.8 %22.09 22.98 
2025572 2,349,980 3.8 %4.6 %17.60 18.31 43 1,009,865 2.3 %2.4 %11.06 11.14 529 1,340,115 7.3 %7.1 %22.53 23.71 
2026530 2,298,095 3.7 %4.5 %17.81 18.87 41 1,034,474 2.4 %2.3 %10.36 10.59 489 1,263,621 6.9 %7.1 %23.90 25.65 
2027450 2,280,306 3.7 %4.3 %17.11 18.75 54 1,159,047 2.6 %2.7 %11.05 11.79 396 1,121,259 6.1 %6.1 %23.37 25.96 
2028303 1,582,452 2.6 %3.2 %18.42 19.70 35 786,367 1.8 %1.9 %11.73 11.97 268 796,085 4.4 %4.7 %25.02 27.35 
2029296 1,477,062 2.4 %3.0 %18.29 19.68 35 701,383 1.6 %1.8 %11.92 12.16 261 775,679 4.3 %4.4 %24.05 26.48 
2030271 1,758,305 2.8 %3.0 %15.28 16.43 40 1,036,624 2.4 %2.2 %10.07 10.53 231 721,681 4.0 %3.9 %22.75 24.91 
2031275 1,892,801 3.1 %3.3 %15.79 17.07 42 1,186,562 2.7 %2.8 %11.00 11.23 233 706,239 3.9 %4.0 %23.84 26.89 
2032+2,339 38,263,370 61.5 %55.5 %13.04 13.92 996 32,970,962 75.3 %76.0 %10.97 11.52 1,343 5,292,408 29.0 %32.1 %25.90 28.88 
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By CountBy GLA
Twelve Months Ended 12/31/2171.9%82.1%
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 36
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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 2020 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
1 New York-Newark-Jersey City, NY-NJ-PA26 3,194,619 85.3 %96.2 %$65,991 $21.94 6.8 %4.7 %7.3 %
2 Los Angeles-Long Beach-Anaheim, CA10 1,706,226 95.9 %97.0 %35,585 23.66 2.6 %2.5 %4.0 %
3 Chicago-Naperville-Elgin, IL-IN-WI14 3,494,230 77.9 %81.6 %40,242 14.85 3.7 %5.2 %4.5 %
4 Dallas-Fort Worth-Arlington, TX12 2,502,194 87.4 %90.6 %40,609 18.10 3.1 %3.7 %4.5 %
5 Houston-The Woodlands-Sugar Land, TX28 3,782,290 91.6 %93.6 %45,735 13.34 7.3 %5.6 %5.1 %
6 Washington-Arlington-Alexandria, DC-VA-MD-WV3 468,481 63.0 %85.3 %5,915 15.34 0.8 %0.7 %0.7 %
7 Miami-Fort Lauderdale-Pompano Beach, FL9 1,466,177 75.5 %83.1 %20,157 16.81 2.4 %2.2 %2.2 %
8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD23 4,208,281 89.1 %91.3 %64,330 19.27 6.0 %6.2 %7.1 %
9 Atlanta-Sandy Springs-Alpharetta, GA24 3,712,662 87.3 %90.0 %40,023 12.33 6.3 %5.5 %4.4 %
10 Phoenix-Mesa-Chandler, AZ0 — — — — — — — — 
Top 10 Largest US MSAs by Population149 24,535,160 86.1 %90.4 %358,587 17.02 39.0 %36.3 %39.8 %
11 Boston-Cambridge-Newton, MA-NH6 724,145 86.8 %90.9 %9,090 13.81 1.6 %1.1 %1.0 %
12 San Francisco-Oakland-Berkeley, CA2 506,994 97.4 %99.0 %11,979 29.51 0.5 %0.8 %1.3 %
13 Riverside-San Bernardino-Ontario, CA4 501,889 83.7 %95.6 %9,120 21.83 1.0 %0.7 %1.0 %
14 Detroit-Warren-Dearborn, MI8 1,459,631 85.6 %92.4 %16,174 13.03 2.1 %2.2 %1.8 %
15 Seattle-Tacoma-Bellevue, WA0 — — — — — — — — 
16 Minneapolis-St. Paul-Bloomington, MN-WI8 1,085,639 92.0 %94.0 %14,083 15.20 2.1 %1.6 %1.6 %
17 San Diego-Chula Vista-Carlsbad, CA3 646,187 92.6 %98.3 %15,029 24.17 0.8 %1.0 %1.7 %
18 Tampa-St. Petersburg-Clearwater, FL11 1,778,193 89.0 %91.1 %25,572 16.47 2.9 %2.6 %2.8 %
19 Denver-Aurora-Lakewood, CO6 1,316,148 84.7 %94.2 %17,467 15.16 1.6 %2.0 %1.9 %
20 St. Louis, MO-IL2 209,036 95.5 %95.5 %2,128 10.84 0.5 %0.3 %0.2 %
Top 20 Largest US MSAs by Population199 32,763,022 86.7 %91.2 %479,229 16.97 52.1 %48.6 %53.1 %
21 Baltimore-Columbia-Towson, MD0 — — — — — — — — 
22 Charlotte-Concord-Gastonia, NC-SC6 1,558,056 95.1 %95.7 %16,611 12.26 1.6 %2.3 %1.8 %
23 Orlando-Kissimmee-Sanford, FL5 802,548 85.4 %86.6 %15,862 23.28 1.3 %1.2 %1.8 %
24 San Antonio-New Braunfels, TX0 — — — — — — — — 
25 Portland-Vancouver-Hillsboro, OR-WA0 — — — — — — — — 
26 Sacramento-Roseville-Folsom, CA1 105,531 33.1 %33.1 %985 28.21 0.3 %0.2 %0.1 %
27 Las Vegas-Henderson-Paradise, NV0 — — — — — — — — 
28 Pittsburgh, PA1 202,349 100.0 %100.0 %2,123 11.82 0.3 %0.3 %0.2 %
29 Austin-Round Rock-Georgetown, TX1 170,605 96.0 %96.0 %2,120 12.94 0.3 %0.3 %0.2 %
30 Cincinnati, OH-KY-IN7 1,860,331 90.7 %93.2 %23,734 17.62 1.8 %2.8 %2.6 %
31 Kansas City, MO-KS4 608,649 88.1 %90.5 %4,791 8.84 1.0 %0.9 %0.5 %
32 Columbus, OH3 424,304 92.1 %92.1 %4,070 10.83 0.8 %0.6 %0.5 %
33 Indianapolis-Carmel-Anderson, IN2 726,319 87.5 %91.0 %7,565 11.62 0.5 %1.1 %0.8 %
34 Cleveland-Elyria, OH3 795,777 83.1 %84.1 %8,782 13.22 0.8 %1.2 %1.0 %
Supplemental Disclosure - Three Months Ended December 31, 2021
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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 2020 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
35 San Jose-Sunnyvale-Santa Clara, CA0 — — — — — — — — 
36 Nashville-Davidson--Murfreesboro--Franklin, TN4 798,262 97.8 %99.0 %9,831 12.44 1.0 %1.2 %1.1 %
37 Virginia Beach-Norfolk-Newport News, VA-NC1 150,300 88.6 %91.4 %2,957 21.77 0.3 %0.2 %0.3 %
38 Providence-Warwick, RI-MA0 — — — — — — — — 
39 Jacksonville, FL3 691,455 95.4 %99.0 %7,527 11.41 0.8 %1.0 %0.8 %
40 Milwaukee-Waukesha, WI4 566,998 84.2 %84.7 %5,543 11.55 1.0 %0.8 %0.6 %
41 Oklahoma City, OK0 — — — — — — — — 
42 Raleigh-Cary, NC2 286,697 80.4 %98.1 %4,108 14.72 0.5 %0.4 %0.5 %
43 Memphis, TN-MS-AR1 649,252 94.1 %95.5 %9,829 16.43 0.3 %1.0 %1.1 %
44 Richmond, VA2 229,840 92.5 %97.4 %3,609 16.12 0.5 %0.3 %0.4 %
45 New Orleans-Metairie, LA0 — — — — — — — — 
46 Louisville/Jefferson County, KY-IN4 700,165 93.5 %95.5 %7,525 11.56 1.0 %1.0 %0.8 %
47 Salt Lake City, UT0 — — — — — — — — 
48 Hartford-East Hartford-Middletown, CT3 584,167 82.1 %82.4 %8,284 17.22 0.8 %0.9 %0.9 %
49 Buffalo-Cheektowaga, NY0 — — — — — — — — 
50 Birmingham-Hoover, AL0 — — — — — — — — 
Top 50 Largest US MSAs by Population256 44,674,627 87.6 %91.4 %625,085 16.22 67.0 %66.2 %69.1 %
MSAs Ranked 51 - 100 by Population46 8,359,502 90.1 %92.8 %97,403 13.27 12.0 %12.4 %10.8 %
Other MSAs80 14,418,798 91.2 %93.1 %178,135 14.23 21.0 %21.4 %20.1 %
TOTAL382 67,452,927 88.7 %92.0 %$900,623 $15.42 100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended December 31, 2021
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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
1 New York-Newark-Jersey City, NY-NJ-PA126 3,194,619 85.3 %96.2 %$65,991 $21.94 6.8 %4.7 %7.3 %
2 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD823 4,208,281 89.1 %91.3 %64,330 19.27 6.0 %6.2 %7.1 %
3 Houston-The Woodlands-Sugar Land, TX528 3,782,290 91.6 %93.6 %45,735 13.34 7.3 %5.6 %5.1 %
4 Dallas-Fort Worth-Arlington, TX412 2,502,194 87.4 %90.6 %40,609 18.10 3.1 %3.7 %4.5 %
5 Chicago-Naperville-Elgin, IL-IN-WI314 3,494,230 77.9 %81.6 %40,242 14.85 3.7 %5.2 %4.5 %
6 Atlanta-Sandy Springs-Alpharetta, GA924 3,712,662 87.3 %90.0 %40,023 12.33 6.3 %5.5 %4.4 %
7 Los Angeles-Long Beach-Anaheim, CA210 1,706,226 95.9 %97.0 %35,585 23.66 2.6 %2.5 %4.0 %
8 Tampa-St. Petersburg-Clearwater, FL1811 1,778,193 89.0 %91.1 %25,572 16.47 2.9 %2.6 %2.8 %
9 Cincinnati, OH-KY-IN307 1,860,331 90.7 %93.2 %23,734 17.62 1.8 %2.8 %2.6 %
10 Miami-Fort Lauderdale-Pompano Beach, FL79 1,466,177 75.5 %83.1 %20,157 16.81 2.4 %2.2 %2.2 %
10 Largest MSAs by ABR—164 27,705,203 87.0 %90.7 %401,978 17.05 42.9 %41.0 %44.5 %
11 Naples-Marco Island, FL1395 1,069,281 95.1 %97.0 %18,838 18.46 1.3 %1.6 %2.1 %
12 Denver-Aurora-Lakewood, CO196 1,316,148 84.7 %94.2 %17,467 15.16 1.6 %2.0 %1.9 %
13 Charlotte-Concord-Gastonia, NC-SC226 1,558,056 95.1 %95.7 %16,611 12.26 1.6 %2.3 %1.8 %
14 Detroit-Warren-Dearborn, MI148 1,459,631 85.6 %92.4 %16,174 13.03 2.1 %2.2 %1.8 %
15 Orlando-Kissimmee-Sanford, FL235 802,548 85.4 %86.6 %15,862 23.28 1.3 %1.2 %1.8 %
16 San Diego-Chula Vista-Carlsbad, CA173 646,187 92.6 %98.3 %15,029 24.17 0.8 %1.0 %1.7 %
17 Minneapolis-St. Paul-Bloomington, MN-WI168 1,085,639 92.0 %94.0 %14,083 15.20 2.1 %1.6 %1.6 %
18 San Francisco-Oakland-Berkeley, CA122 506,994 97.4 %99.0 %11,979 29.51 0.5 %0.8 %1.3 %
19 Ann Arbor, MI1493 820,327 88.5 %89.5 %11,712 16.07 0.8 %1.2 %1.3 %
20 Vallejo, CA1221 519,324 90.0 %94.6 %10,359 21.27 0.3 %0.8 %1.2 %
20 Largest MSAs by ABR—211 37,489,338 87.8 %91.6 %550,092 17.08 55.3 %55.7 %61.0 %
21 Nashville-Davidson--Murfreesboro--Franklin, TN364 798,262 97.8 %99.0 %9,831 12.44 1.0 %1.2 %1.1 %
22 Memphis, TN-MS-AR431 649,252 94.1 %95.5 %9,829 16.43 0.3 %1.0 %1.1 %
23 North Port-Sarasota-Bradenton, FL675 734,750 86.6 %96.0 %9,777 13.97 1.3 %1.1 %1.1 %
24 Binghamton, NY1964 751,572 95.1 %95.4 %9,763 13.82 1.0 %1.1 %1.1 %
25 Allentown-Bethlehem-Easton, PA-NJ703 829,432 94.8 %96.2 %9,589 13.25 0.8 %1.2 %1.1 %
26 Port St. Lucie, FL1125 688,049 88.3 %90.7 %9,544 15.39 1.3 %1.0 %1.1 %
27 Riverside-San Bernardino-Ontario, CA134 501,889 83.7 %95.6 %9,120 21.83 1.0 %0.7 %1.0 %
28 Boston-Cambridge-Newton, MA-NH116 724,145 86.8 %90.9 %9,090 13.81 1.6 %1.1 %1.0 %
29 Cleveland-Elyria, OH343 795,777 83.1 %84.1 %8,782 13.22 0.8 %1.2 %1.0 %
30 Hartford-East Hartford-Middletown, CT483 584,167 82.1 %82.4 %8,284 17.22 0.8 %0.9 %0.9 %
31 Indianapolis-Carmel-Anderson, IN332 726,319 87.5 %91.0 %7,565 11.62 0.5 %1.1 %0.8 %
32 Jacksonville, FL393 691,455 95.4 %99.0 %7,527 11.41 0.8 %1.0 %0.8 %
33 Louisville/Jefferson County, KY-IN464 700,165 93.5 %95.5 %7,525 11.56 1.0 %1.0 %0.8 %
34 Norwich-New London, CT1862 433,532 92.3 %92.3 %6,416 16.40 0.5 %0.6 %0.7 %
35 Worcester, MA-CT583 515,320 84.7 %93.7 %6,100 15.37 0.8 %0.8 %0.7 %
Supplemental Disclosure - Three Months Ended December 31, 2021
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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 New Haven-Milford, CT684 487,795 83.5 %83.5 %5,945 14.60 1.0 %0.7 %0.7 %
37 Washington-Arlington-Alexandria, DC-VA-MD-WV63 468,481 63.0 %85.3 %5,915 15.34 0.8 %0.7 %0.7 %
38 Greensboro-High Point, NC761 407,944 98.1 %98.1 %5,770 14.41 0.3 %0.6 %0.6 %
39 Poughkeepsie-Newburgh-Middletown, NY883 399,379 98.0 %100.0 %5,695 14.48 0.8 %0.6 %0.6 %
40 Milwaukee-Waukesha, WI404 566,998 84.2 %84.7 %5,543 11.55 1.0 %0.8 %0.6 %
41 College Station-Bryan, TX1833 433,728 93.1 %95.4 %5,488 15.96 0.8 %0.6 %0.6 %
42 Wilmington, NC1672 379,107 90.9 %90.9 %5,361 15.72 0.5 %0.6 %0.6 %
43 Scranton--Wilkes-Barre, PA1012 619,139 90.8 %91.6 %5,291 23.74 0.5 %0.9 %0.6 %
44 Kansas City, MO-KS314 608,649 88.1 %90.5 %4,791 8.84 1.0 %0.9 %0.5 %
45 Oxnard-Thousand Oaks-Ventura, CA722 319,844 84.2 %85.2 %4,667 17.84 0.5 %0.5 %0.5 %
46 Boulder, CO1561 278,419 94.3 %94.6 %4,476 16.99 0.3 %0.4 %0.5 %
47 Dayton-Kettering, OH741 333,998 96.1 %96.1 %4,401 14.04 0.3 %0.5 %0.5 %
48 Mobile, AL1271 429,636 81.6 %84.8 %4,379 12.29 0.3 %0.6 %0.5 %
49 Greenville-Anderson, SC602 220,723 100.0 %100.0 %4,124 19.13 0.5 %0.3 %0.5 %
50 Manchester-Nashua, NH1322 228,850 97.0 %97.7 %4,123 19.39 0.5 %0.3 %0.5 %
50 Largest MSAs by ABR—298 53,796,114 88.3 %91.8 %754,803 16.25 77.9 %79.7 %83.8 %
51 Raleigh-Cary, NC422 286,697 80.4 %98.1 %4,108 14.72 0.5 %0.4 %0.5 %
52 Fresno, CA551 255,149 99.0 %99.0 %4,076 16.13 0.3 %0.4 %0.5 %
53 Columbus, OH323 424,304 92.1 %92.1 %4,070 10.83 0.8 %0.6 %0.5 %
54 Charleston-North Charleston, SC732 498,871 83.2 %83.7 %4,030 9.78 0.5 %0.7 %0.4 %
55 Panama City, FL2522 397,492 94.1 %97.6 %3,996 10.30 0.5 %0.6 %0.4 %
56 Spartanburg, SC1581 360,277 73.0 %78.0 %3,992 14.43 0.3 %0.5 %0.4 %
57 Cape Coral-Fort Myers, FL751 281,394 91.0 %96.2 %3,727 14.14 0.3 %0.4 %0.4 %
58 Richmond, VA442 229,840 92.5 %97.4 %3,609 16.12 0.5 %0.3 %0.4 %
59 Bakersfield, CA621 240,068 94.7 %97.8 %3,604 15.64 0.3 %0.4 %0.4 %
60 Hilton Head Island-Bluffton, SC2032 231,952 97.5 %97.5 %3,549 15.69 0.5 %0.3 %0.4 %
61 Winston-Salem, NC872 354,801 78.1 %78.1 %3,314 12.83 0.5 %0.5 %0.4 %
62 Atlantic City-Hammonton, NJ1881 179,199 93.1 %93.1 %3,249 19.48 0.3 %0.3 %0.4 %
63 Greenville, NC2381 233,153 94.3 %95.5 %3,082 13.85 0.3 %0.3 %0.3 %
64 Des Moines-West Des Moines, IA822 495,948 94.1 %94.1 %3,077 6.59 0.5 %0.7 %0.3 %
65 Springfield, MA842 322,088 88.2 %95.1 %3,038 13.51 0.5 %0.5 %0.3 %
66 Virginia Beach-Norfolk-Newport News, VA-NC371 150,300 88.6 %91.4 %2,957 21.77 0.3 %0.2 %0.3 %
67 Pittsfield, MA3301 188,444 96.4 %96.4 %2,854 15.71 0.3 %0.3 %0.3 %
68 Savannah, GA1382 221,381 96.2 %96.7 %2,791 13.03 0.5 %0.3 %0.3 %
69 Bridgeport-Stamford-Norwalk, CT591 161,075 97.3 %97.3 %2,602 16.60 0.3 %0.2 %0.3 %
70 Roanoke, VA1642 313,340 94.4 %95.2 %2,565 10.71 0.5 %0.5 %0.3 %
71 Hickory-Lenoir-Morganton, NC1472 284,984 93.9 %93.9 %2,476 9.25 0.5 %0.4 %0.3 %
Supplemental Disclosure - Three Months Ended December 31, 2021
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image4.jpg



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, PA3431 266,512 87.4 %87.4 %2,438 10.57 0.3 %0.4 %0.3 %
73 Elkhart-Goshen, IN2201 211,680 89.5 %89.5 %2,432 12.83 0.3 %0.3 %0.3 %
74 Duluth, MN-WI1711 183,105 96.2 %97.0 %2,418 13.62 0.3 %0.3 %0.3 %
75 Dover, DE2371 191,974 97.3 %97.3 %2,192 11.74 0.3 %0.3 %0.2 %
76 Flint, MI1341 164,632 96.4 %100.0 %2,158 13.20 0.3 %0.2 %0.2 %
77 Concord, NH2801 188,887 94.2 %97.4 %2,149 12.37 0.3 %0.3 %0.2 %
78 St. Louis, MO-IL202 209,036 95.5 %95.5 %2,128 10.84 0.5 %0.3 %0.2 %
79 Pittsburgh, PA281 202,349 100.0 %100.0 %2,123 11.82 0.3 %0.3 %0.2 %
80 Austin-Round Rock-Georgetown, TX291 170,605 96.0 %96.0 %2,120 12.94 0.3 %0.3 %0.2 %
81 Manhattan, KS3221 214,898 99.5 %99.5 %2,106 15.82 0.3 %0.3 %0.2 %
82 Trenton-Princeton, NJ1481 160,969 63.7 %90.7 %2,094 14.34 0.3 %0.2 %0.2 %
83 Tulsa, OK541 193,276 96.7 %100.0 %2,007 10.38 0.3 %0.3 %0.2 %
84 Greeneville, TN4811 224,139 98.7 %98.7 %1,971 9.10 0.3 %0.3 %0.2 %
85 Santa Maria-Santa Barbara, CA1231 179,549 68.5 %88.9 %1,942 13.24 0.3 %0.3 %0.2 %
86 Saginaw, MI2311 184,735 98.0 %98.0 %1,938 10.71 0.3 %0.3 %0.2 %
87 Rutland, VT5421 223,314 90.0 %90.0 %1,938 9.65 0.3 %0.3 %0.2 %
88 Crestview-Fort Walton Beach-Destin, FL1701 158,118 98.4 %98.4 %1,881 12.08 0.3 %0.2 %0.2 %
89 Portland-South Portland, ME1061 287,533 94.8 %95.5 %1,872 17.62 0.3 %0.4 %0.2 %
90 California-Lexington Park, MD3541 92,335 100.0 %100.0 %1,827 19.79 0.3 %0.1 %0.2 %
91 Tucson, AZ531 165,350 67.1 %79.3 %1,806 13.77 0.3 %0.2 %0.2 %
92 Columbus, IN4251 142,989 100.0 %100.0 %1,729 12.09 0.3 %0.2 %0.2 %
93 Toledo, OH941 289,105 83.8 %83.8 %1,712 12.57 0.3 %0.4 %0.2 %
94 Ithaca, NY3831 204,405 82.6 %93.2 %1,702 9.70 0.3 %0.3 %0.2 %
95 Deltona-Daytona Beach-Ormond Beach, FL861 182,054 97.8 %98.9 %1,628 9.04 0.3 %0.3 %0.2 %
96 London, KY2921 165,826 99.0 %99.0 %1,558 9.49 0.3 %0.2 %0.2 %
97 Georgetown, SC5091 120,095 93.1 %95.3 %1,557 13.61 0.3 %0.2 %0.2 %
98 Muskegon, MI2481 104,600 96.2 %96.2 %1,549 15.40 0.3 %0.2 %0.2 %
99 Durham-Chapel Hill, NC911 97,226 97.8 %97.8 %1,546 16.25 0.3 %0.1 %0.2 %
100 Palm Bay-Melbourne-Titusville, FL961 125,392 71.0 %83.9 %1,527 14.52 0.3 %0.2 %0.2 %
100 Largest MSAs by ABR—362 65,211,559 88.7 %92.1 %881,617 15.61 94.8 %96.7 %97.9 %
Other MSAs—20 2,241,368 86.7 %87.2 %19,006 10.00 5.2 %3.3 %2.1 %
TOTAL
—382 67,452,927 88.7 %92.0 %$900,623 $15.42 100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended December 31, 2021
Page 41
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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
1 Florida49 8,374,903 87.7 %91.8 %$120,036 $15.95 12.8 %12.4 %13.3 %
2 California27 5,073,076 90.9 %94.8 %98,666 22.17 7.1 %7.5 %11.0 %
3 Texas45 6,973,484 90.4 %92.8 %95,129 15.18 11.8 %10.3 %10.6 %
4 New York27 3,457,566 88.2 %96.5 %65,961 20.34 7.1 %5.1 %7.3 %
5 Pennsylvania26 4,998,492 90.4 %91.7 %65,316 17.24 6.8 %7.4 %7.3 %
6 Georgia29 4,288,396 88.5 %91.0 %45,661 12.02 7.6 %6.4 %5.1 %
7 North Carolina19 3,945,131 92.2 %93.8 %43,854 12.54 5.0 %5.8 %4.9 %
8 New Jersey16 2,828,773 86.8 %93.3 %43,799 17.65 4.2 %4.2 %4.9 %
9 Illinois15 3,582,076 78.1 %81.7 %40,803 14.64 3.9 %5.3 %4.5 %
10 Michigan16 2,996,800 86.7 %90.5 %35,380 13.63 4.2 %4.4 %3.9 %
11 Ohio14 3,016,774 88.1 %89.6 %34,802 14.98 3.7 %4.5 %3.9 %
12 Connecticut11 1,792,065 85.8 %85.9 %24,352 15.92 2.9 %2.7 %2.7 %
13 Tennessee8 1,849,963 96.6 %97.6 %23,194 13.03 2.1 %2.7 %2.6 %
14 Colorado7 1,594,567 86.4 %94.3 %21,943 15.50 1.7 %2.4 %2.4 %
15 Massachusetts10 1,507,803 90.3 %95.0 %19,165 15.15 2.6 %2.2 %2.1 %
16 Kentucky7 1,683,198 94.7 %95.9 %18,002 12.36 1.7 %2.6 %2.0 %
17 South Carolina8 1,431,918 86.4 %88.0 %17,252 13.86 2.1 %2.1 %1.9 %
18 Minnesota9 1,268,744 92.6 %94.4 %16,501 14.94 2.4 %1.9 %1.8 %
19 Indiana5 1,213,015 90.4 %92.8 %13,124 11.76 1.3 %1.9 %1.5 %
20 Virginia6 826,362 85.6 %91.8 %9,964 14.28 1.5 %1.3 %1.1 %
21 New Hampshire5 659,931 86.4 %91.6 %8,189 14.04 1.3 %1.0 %0.9 %
22 Maryland3 427,934 75.2 %91.8 %6,909 18.22 0.8 %0.6 %0.8 %
23 Wisconsin4 566,998 84.2 %84.7 %5,543 11.55 1.0 %0.8 %0.6 %
24 Missouri5 655,984 90.7 %93.0 %5,466 9.15 1.3 %1.0 %0.6 %
25 Alabama1 429,636 81.6 %84.8 %4,379 12.29 0.3 %0.6 %0.5 %
26 Kansas2 376,599 94.2 %94.2 %3,559 12.99 0.5 %0.6 %0.4 %
27 Iowa2 495,948 94.1 %94.1 %3,077 6.59 0.5 %0.7 %0.3 %
28 Delaware1 191,974 97.3 %97.3 %2,192 11.74 0.3 %0.3 %0.2 %
29 Oklahoma1 193,276 96.7 %100.0 %2,007 10.38 0.3 %0.3 %0.2 %
30 Vermont1 223,314 90.0 %90.0 %1,938 9.65 0.3 %0.3 %0.2 %
31 Maine1 287,533 94.8 %95.5 %1,872 17.62 0.3 %0.4 %0.2 %
32 Arizona1 165,350 67.1 %79.3 %1,806 13.77 0.3 %0.2 %0.2 %
33 West Virginia1 75,344 90.7 %90.7 %782 11.44 0.3 %0.1 %0.1 %
TOTAL382 67,452,927 88.7 %92.0 %$900,623 $15.42 100.0 %100.0 %100.0 %

Supplemental Disclosure - Three Months Ended December 31, 2021
Page 42
image4.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
1 SpringdaleMobileALMobile, AL2004429,636 84.8 %$4,379 $12.29 Sam's Club*Bed Bath & Beyond, Big Lots, Burke's Outlet, Burlington Stores, Conn's HomePlus, Cost Plus World Market, Crunch Fitness, David's Bridal, Fresenius Medical Care, Marshalls, Michaels, Shoe Station-
2 Northmall CentreTucsonAZTucson, AZ1996165,350 79.3 %1,806 13.77 Sam's Club*Bookmans, CareMore, Defy-Tucson-
3 Bakersfield PlazaBakersfieldCABakersfield, CA1970240,068 97.8 %3,604 15.64 Lassens Natural Foods & VitaminsAMC, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for LessHobby Lobby
4 Carmen PlazaCamarilloCAOxnard-Thousand Oaks-Ventura, CA2000128,369 66.6 %2,362 29.92 Trader Joe's*CVS, Harbor Freight Tools, Pet Supplies Plus-
5 Plaza Rio VistaCathedralCARiverside-San Bernardino-Ontario, CA200575,415 94.5 %1,417 22.32 Stater Bros.--
6 Cudahy PlazaCudahyCALos Angeles-Long Beach-Anaheim, CA2021123,149 92.7 %2,563 22.45 -Big Lots, Burlington Stores, Chuze Fitness-
7 University MallDavisCASacramento-Roseville-Folsom, CA1964105,531 33.1 %985 28.21 Trader Joe's--
8 Felicita PlazaEscondidoCASan Diego-Chula Vista-Carlsbad, CA200198,594 97.0 %1,595 16.68 Vons (Albertsons)Chuze Fitness-
9 Felicita Town CenterEscondidoCASan Diego-Chula Vista-Carlsbad, CA1987124,670 93.6 %2,872 24.61 Major Market, Trader Joe'sRite Aid-
10 Arbor - Broadway Faire (2)FresnoCAFresno, CA1995255,149 99.0 %4,076 16.13 Smart & Final Extra!PetSmart, The Home Depot, United Artists TheatresDick's Sporting Goods
11 Lompoc CenterLompocCASanta Maria-Santa Barbara, CA1960179,549 88.9 %1,942 13.24 ALDIBoot Barn, Five Below, Harbor Freight Tools, Marshalls, Michaels, Ulta-
12 Briggsmore PlazaModestoCAModesto, CA199892,315 100.0 %1,320 15.13 Grocery Outletdd's Discounts (Ross), Sears OutletIn Shape Fitness
13 Montebello PlazaMontebelloCALos Angeles-Long Beach-Anaheim, CA1974284,331 100.0 %6,381 23.05 AlbertsonsBest Buy, CVS, Five Below, Kohl's, Ross Dress for Less-
14 California Oaks CenterMurrietaCARiverside-San Bernardino-Ontario, CA1990124,481 100.0 %2,294 19.01 Barons MarketCrunch Fitness, Dollar Tree-
15 Pacoima CenterPacoimaCALos Angeles-Long Beach-Anaheim, CA1995202,773 100.0 %2,390 11.79 Food 4 Less (Kroger)Ross Dress for Less, Target-
16 Metro 580 PleasantonCASan Francisco-Oakland-Berkeley, CA1996177,573 100.0 %2,907 35.42 -Kohl's, Party CityWalmart
17 Rose PavilionPleasantonCASan Francisco-Oakland-Berkeley, CA2019329,421 98.5 %9,072 28.02 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 85.1 %5,637 25.59 -Marshalls, Planet Fitness-
19 Ocean View PlazaSan ClementeCALos Angeles-Long Beach-Anaheim, CA1990169,963 99.2 %5,402 32.05 Ralphs (Kroger), Trader Joe'sCrunch Fitness, CVS-
20 Plaza By The Sea San ClementeCALos Angeles-Long Beach-Anaheim, CA197648,697 100.0 %1,322 27.15 Stater Bros.--
21 Village at Mira Mesa (3)San DiegoCASan Diego-Chula Vista-Carlsbad, CA2022422,923 99.9 %10,562 25.80 Sprouts Farmers Market, Vons (Albertsons)BevMo, Burlington Stores, CVS, Marshalls, Michaels, Mira Mesa Lanes-
22 San Dimas PlazaSan DimasCALos Angeles-Long Beach-Anaheim, CA1986164,757 99.0 %3,984 24.42 Smart & Final Extra!Harbor Freight Tools, T.J.Maxx-
23 Bristol PlazaSanta AnaCALos Angeles-Long Beach-Anaheim, CA2003111,403 98.9 %3,197 29.62 Trader Joe'sPetco, Rite Aid, Ross Dress for less-
24 Gateway PlazaSanta Fe SpringsCALos Angeles-Long Beach-Anaheim, CA2002289,268 100.0 %3,558 23.92 El Super, Walmart SupercenterLA Fitness, Ross Dress for LessTarget
25 Santa Paula CenterSanta PaulaCAOxnard-Thousand Oaks-Ventura, CA1995191,475 97.6 %2,305 12.62 Vons (Albertsons)Ace Hardware, Big Lots-
26 Vail Ranch Center (3)TemeculaCARiverside-San Bernardino-Ontario, CA2022201,903 91.9 %3,175 23.51 Stater Bros.Burlington Stores, Rite Aid-
27 Country Hills Shopping CenterTorranceCALos Angeles-Long Beach-Anaheim, CA197753,200 100.0 %1,151 21.64 Ralphs (Kroger)--
28 Upland Town Square UplandCARiverside-San Bernardino-Ontario, CA1994100,090 98.5 %2,234 22.66 Sprouts Farmers Market--
29 Gateway Plaza - Vallejo (3)VallejoCAVallejo, CA2022519,324 94.6 %10,359 21.27 Costco*Bed Bath & Beyond, Century Theatres, DSW, Five Below, LA Fitness, Marshalls, Michaels, OfficeMax, Party City, Petco, PetSmart, Ross Dress for Less, UltaTarget
30 Arvada PlazaArvadaCODenver-Aurora-Lakewood, CO199495,236 100.0 %818 8.59 King Soopers (Kroger)Arc-
31 Arapahoe CrossingsAuroraCODenver-Aurora-Lakewood, CO1996476,988 92.2 %7,080 16.26 King Soopers (Kroger)2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Goldfish Swim School, Kohl's, Planet Fitness-
32 Aurora PlazaAuroraCODenver-Aurora-Lakewood, CO1996178,013 100.0 %2,086 12.13 King Soopers (Kroger)Chuze Fitness, Gen X-
33 Villa Monaco DenverCODenver-Aurora-Lakewood, CO1978121,101 99.3 %1,907 15.87 -Chuze Fitness-
34 Centennial Shopping Center EnglewoodCODenver-Aurora-Lakewood, CO2013113,682 91.8 %1,053 39.01 King Soopers (Kroger)Pet Supplies Plus-
35 Superior Marketplace SuperiorCOBoulder, CO1997278,419 94.6 %4,476 16.99 Whole Foods Market, Costco*, SuperTarget*Goldfish Swim School, Michaels, OfficeMax, PetSmart, Stickley Furniture, T.J.Maxx, Ulta-
36 Westminster City Center (3)WestminsterCODenver-Aurora-Lakewood, CO2022331,128 91.3 %4,523 14.97 -Barnes & Noble, buybuy BABY, David's Bridal, Five Below, Golf Galaxy, JOANN, Kids Empire, Ross Dress for Less, Tile Shop, Ulta-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 43
image4.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
37 The Shoppes at Fox RunGlastonburyCTHartford-East Hartford-Middletown, CT1974106,498 93.0 %2,614 26.39 Whole Foods MarketPetco-
38 Groton SquareGrotonCTNorwich-New London, CT1987196,802 92.1 %2,397 13.22 Super Stop & Shop (Ahold Delhaize)Kohl'sWalmart
39 Parkway PlazaHamdenCTNew Haven-Milford, CT200672,353 95.2 %1,042 15.13 PriceRite (Wakefern)-The Home Depot
40 The Manchester CollectionManchesterCTHartford-East Hartford-Middletown, CT2001327,775 74.6 %3,321 13.57 Walmart Supercenter*Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, DSW, Edge Fitness, Frontera Grill, Hobby LobbyBest Buy, The Home Depot, Walmart
41 Turnpike PlazaNewingtonCTHartford-East Hartford-Middletown, CT2004149,894 91.7 %2,349 17.08 Price ChopperDick's Sporting Goods-
42 North Haven CrossingNorth HavenCTNew Haven-Milford, CT1993103,865 93.8 %1,643 16.86 -Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart-
43 Christmas Tree PlazaOrangeCTNew Haven-Milford, CT1996132,791 69.6 %1,248 13.51 -Christmas Tree Shops, Montana Nights Axe Throwing-
44 Stratford SquareStratfordCTBridgeport-Stamford-Norwalk, CT1984161,075 97.3 %2,602 16.60 -LA Fitness, Marshalls-
45 Torrington PlazaTorringtonCTTorrington, CT1994125,496 74.4 %1,105 11.84 -JOANN, Staples, T.J.Maxx-
46 Waterbury PlazaWaterburyCTNew Haven-Milford, CT2000178,786 83.1 %2,012 13.54 Super Stop & Shop (Ahold Delhaize)Dollar TreeTarget
47 Waterford CommonsWaterfordCTNorwich-New London, CT2004236,730 92.4 %4,019 19.15 -Dick’s Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., UltaBest Buy, Raymour & Flanigan
48 North Dover CenterDoverDEDover, DE1989191,974 97.3 %2,192 11.74 -Bob's Discount Furniture, Hobby Lobby, Kirkland's, Party City, Staples, T.J.Maxx-
49 Center of Bonita SpringsBonita SpringsFLCape Coral-Fort Myers, FL2014281,394 96.2 %3,727 14.14 PublixAnthony's Ladies Apparel, Bealls Outlet, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery-
50 Coastal Way - Coastal LandingBrooksvilleFLTampa-St. Petersburg-Clearwater, FL2008374,598 75.5 %3,934 17.88 -Bed Bath & Beyond, Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta-
51 Clearwater MallClearwaterFLTampa-St. Petersburg-Clearwater, FL1973300,929 93.7 %6,485 23.01 Costco*, SuperTarget*Burlington Stores, David's Bridal, Five Below, Michaels, PetSmart, Ross Dress for Less, Tota Music & Theatre ConservatoryLowe's
52 Coconut Creek PlazaCoconut CreekFLMiami-Fort Lauderdale-Pompano Beach, FL2005264,129 92.1 %3,717 15.28 PublixBig Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center-
53 Century Plaza Shopping CenterDeerfield BeachFLMiami-Fort Lauderdale-Pompano Beach, FL200690,483 86.8 %1,934 24.63 -Broward County Library, CVS-
54 Northgate Shopping CenterDeLandFLDeltona-Daytona Beach-Ormond Beach, FL1993182,054 98.9 %1,628 9.04 PublixBig Lots, Planet Fitness, Tractor Supply Co.-
55 Sun PlazaFort Walton BeachFLCrestview-Fort Walton Beach-Destin, FL2004158,118 98.4 %1,881 12.09 PublixBealls Outlet, Books-A-Million, Office Depot, T.J.Maxx-
56 Normandy SquareJacksonvilleFLJacksonville, FL199690,384 100.0 %933 10.63 Winn-Dixie (Southeastern Grocers)Ace Hardware, Family Dollar-
57 Regency Park Shopping CenterJacksonvilleFLJacksonville, FL1985330,567 97.8 %2,369 7.86 -American Signature Furniture, Bealls Outlet, David's Bridal, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse-
58 Ventura DownsKissimmeeFLOrlando-Kissimmee-Sanford, FL201898,191 96.6 %1,848 19.49 -Dollar Tree, LA Fitness-
59 Marketplace at WycliffeLake WorthFLMiami-Fort Lauderdale-Pompano Beach, FL2002135,820 92.2 %2,423 19.71 Walmart Neighborhood MarketWalgreens-
60 Venetian Isle Shopping CtrLighthouse PointFLMiami-Fort Lauderdale-Pompano Beach, FL1992183,816 84.4 %1,815 12.09 PublixDollar Tree, Petco, Staples-
61 Marco Town Center (3)Marco IslandFLNaples-Marco Island, FL2022109,745 84.4 %2,257 24.36 Publix--
62 Mall at 163rd StreetMiamiFLMiami-Fort Lauderdale-Pompano Beach, FL2007342,385 68.7 %3,493 15.33 Walmart Supercenter*Citi Trends, Ross Dress for LessThe Home Depot
63 Shops at Palm Lakes (3)MiamiFLMiami-Fort Lauderdale-Pompano Beach, FL2022211,590 98.1 %4,127 20.36 Fresco y Más (Southeastern Grocers)dd's Discounts (Ross), LA Fitness, Ross Dress for Less-
64 Freedom SquareNaplesFLNaples-Marco Island, FL2021193,812 92.4 %2,342 13.08 PublixBurlington Stores, HomeGoods, Planet Fitness-
65 Granada ShoppesNaplesFLNaples-Marco Island, FL2011306,981 100.0 %5,273 17.18 Trader Joe'sAdvance Auto Parts, Chuck E. Cheese's, Hobby Lobby, Marshalls, Tuesday Morning, Walgreens-
66 Naples PlazaNaplesFLNaples-Marco Island, FL2013201,795 100.0 %3,838 19.35 PublixMarshalls, Office Depot, PGA TOUR Superstore-
67 Park Shore PlazaNaplesFLNaples-Marco Island, FL2017256,948 100.0 %5,128 21.06 The Fresh MarketBig Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth, Yard House-
68 Chelsea PlaceNew Port RicheyFLTampa-St. Petersburg-Clearwater, FL199281,144 100.0 %1,130 13.93 PublixZone Fitness Club-
69 Presidential Plaza WestNorth LauderdaleFLMiami-Fort Lauderdale-Pompano Beach, FL200688,441 97.0 %1,059 12.34 Sedano'sFamily Dollar-
70 Colonial MarketplaceOrlandoFLOrlando-Kissimmee-Sanford, FL1986141,069 100.0 %2,590 18.36 -Burlington Stores, LA FitnessTarget
71 Conway CrossingOrlandoFLOrlando-Kissimmee-Sanford, FL200276,321 96.0 %1,084 14.79 Publix--
72 Hunter's Creek PlazaOrlandoFLOrlando-Kissimmee-Sanford, FL199872,683 100.0 %1,264 17.39 Seabra FoodsOffice Depot-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 44
image4.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
73 Pointe Orlando (3)OrlandoFLOrlando-Kissimmee-Sanford, FL2022414,284 75.6 %9,076 30.32 -Capital Grille, Cuba Libre, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Regal Cinemas, Rodizio Grill-
74 Martin Downs Town CenterPalm CityFLPort St. Lucie, FL199664,546 100.0 %846 13.11 Publix--
75 Martin Downs Village CenterPalm CityFLPort St. Lucie, FL1987162,582 96.2 %3,075 20.21 -Coastal Care, Walgreens-
76 23rd Street StationPanama CityFLPanama City, FL199598,827 90.3 %1,285 14.41 PublixPet Supplies Plus-
77 Panama City SquarePanama CityFLPanama City, FL1989298,665 100.0 %2,711 9.08 Walmart SupercenterBig Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx-
78 East Port Plaza (3)Port St. LucieFLPort St. Lucie, FL2022214,489 90.9 %2,709 13.90 PublixFortis Institute, Urban Air Adventure Park, Walgreens-
79 Shoppes of Victoria SquarePort St. LucieFLPort St. Lucie, FL199095,186 100.0 %1,305 13.71 Winn-Dixie (Southeastern Grocers)Dollar Tree-
80 Lake St. CharlesRiverviewFLTampa-St. Petersburg-Clearwater, FL199961,015 100.0 %751 13.17 Winn-Dixie (Southeastern Grocers)--
81 Cobblestone VillageRoyal Palm BeachFLMiami-Fort Lauderdale-Pompano Beach, FL200539,404 97.4 %831 21.64 SuperTarget*The Zoo Health Club-
82 Beneva Village ShoppesSarasotaFLNorth Port-Sarasota-Bradenton, FL2020144,078 98.7 %2,676 18.82 PublixHarbor Freight Tools, Pet Supermarket, Walgreens-
83 Sarasota VillageSarasotaFLNorth Port-Sarasota-Bradenton, FL1972173,184 100.0 %2,161 12.79 PublixBig Lots, Crunch Fitness, HomeGoods-
84 Atlantic PlazaSatellite BeachFLPalm Bay-Melbourne-Titusville, FL2008125,392 83.9 %1,527 14.52 PublixHome Centric, Planet Fitness-
85 Seminole PlazaSeminoleFLTampa-St. Petersburg-Clearwater, FL2020156,718 98.4 %2,057 13.33 Sprouts Farmers MarketBealls Outlet, Burlington Stores, T.J.Maxx-
86 Cobblestone VillageSt. AugustineFLJacksonville, FL2003270,504 100.0 %4,225 15.62 PublixBealls, Bed Bath & Beyond, Michaels, Party City, Petco-
87 Dolphin VillageSt. Pete BeachFLTampa-St. Petersburg-Clearwater, FL1990135,796 84.0 %2,005 17.57 PublixCVS, Dollar Tree-
88 Rutland PlazaSt. PetersburgFLTampa-St. Petersburg-Clearwater, FL2002149,562 100.0 %1,457 9.74 Winn-Dixie (Southeastern Grocers)Bealls Outlet, Big Lots-
89 Tyrone Gardens (3)St. PetersburgFLTampa-St. Petersburg-Clearwater, FL2022195,214 89.4 %2,163 12.40 Winn-Dixie (Southeastern Grocers)Big Lots, Chuck E. Cheese’s, Crunch Fitness-
90 Downtown PublixStuartFLPort St. Lucie, FL2000151,246 75.0 %1,609 14.19 PublixFlooring USA-
91 Sunrise Town CenterSunriseFLMiami-Fort Lauderdale-Pompano Beach, FL1989110,109 45.1 %758 15.26 Patel BrothersDollar TreeWalmart
92 Carrollwood CenterTampaFLTampa-St. Petersburg-Clearwater, FL200292,678 100.0 %1,770 19.10 PublixRarehues-
93 Ross PlazaTampaFLTampa-St. Petersburg-Clearwater, FL199684,707 100.0 %1,376 16.24 -Dollar Tree, Lumber Liquidators, Ross Dress for Less-
94 Tarpon MallTarpon SpringsFLTampa-St. Petersburg-Clearwater, FL2003145,832 97.9 %2,444 17.11 PublixPetco, T.J.Maxx, Ulta-
95 Venice PlazaVeniceFLNorth Port-Sarasota-Bradenton, FL1999132,345 98.8 %1,050 8.03 Winn-Dixie (Southeastern Grocers)Lumber Liquidators, Pet Supermarket, T.J.Maxx-
96 Venice Shopping CenterVeniceFLNorth Port-Sarasota-Bradenton, FL2000109,801 87.3 %817 8.52 PublixAmerican Freight Furniture-
97 Venice Village (3)VeniceFLNorth Port-Sarasota-Bradenton, FL2022175,342 93.0 %3,073 18.98 PublixJOANN, Planet Fitness-
98 Mansell CrossingAlpharettaGAAtlanta-Sandy Springs-Alpharetta, GA1993280,749 93.3 %3,510 17.85 -Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.MaxxBurlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
99 Northeast PlazaAtlantaGAAtlanta-Sandy Springs-Alpharetta, GA1952445,042 91.1 %4,568 11.50 City Farmers MarketBuckhead Fight Club, dd's Discounts (Ross), Happy Land Dresses, NCG Cinemas-
100 Augusta West PlazaAugustaGAAugusta-Richmond County, GA-SC2006170,681 99.2 %1,424 8.41 -At Home, Dollar Tree, Hibachi Grill & Supreme Buffet, Octapharma-
101 Sweetwater VillageAustellGAAtlanta-Sandy Springs-Alpharetta, GA198566,197 100.0 %574 8.67 Food DepotFamily Dollar-
102 Vineyards at Chateau ElanBraseltonGAAtlanta-Sandy Springs-Alpharetta, GA200279,047 98.2 %1,221 15.73 Publix--
103 Conyers PlazaConyersGAAtlanta-Sandy Springs-Alpharetta, GA2001171,374 97.4 %2,303 13.79 Walmart Supercenter*JOANN, PetSmart, Value VillageThe Home Depot
104 Salem Road StationCovingtonGAAtlanta-Sandy Springs-Alpharetta, GA200067,270 100.0 %820 12.19 Publix--
105 Keith Bridge CommonsCummingGAAtlanta-Sandy Springs-Alpharetta, GA200294,886 95.8 %1,272 14.00 Kroger--
106 Northside DaltonGADalton, GA200178,878 97.5 %746 10.37 -Dollar Tree-
107 Cosby StationDouglasvilleGAAtlanta-Sandy Springs-Alpharetta, GA199477,811 100.0 %937 12.04 Publix--
108 Park Plaza DouglasvilleGAAtlanta-Sandy Springs-Alpharetta, GA198646,670 97.4 %783 17.29 Kroger*--
109 WestgateDublinGADublin, GA2004104,794 93.2 %677 6.93 -Big Lots, Citi Trends, Planet FitnessThe Home Depot
110 Venture PointeDuluthGAAtlanta-Sandy Springs-Alpharetta, GA1995155,172 100.0 %1,687 10.87 Costco*American Signature Furniture, Ollie's Bargain Outlet, Studio Movie GrillBig Lots
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 45
image4.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
111 Banks StationFayettevilleGAAtlanta-Sandy Springs-Alpharetta, GA2006178,871 79.1 %1,238 10.43 Food DepotStaples-
112 Barrett PlaceKennesawGAAtlanta-Sandy Springs-Alpharetta, GA1992218,818 100.0 %2,622 11.98 ALDIBest Buy, Duluth Trading, Georgia Furniture Mart, Michaels, OfficeMax, PetSmart-
113 Shops of HuntcrestLawrencevilleGAAtlanta-Sandy Springs-Alpharetta, GA200397,040 92.5 %1,258 14.01 Publix--
114 Mableton WalkMabletonGAAtlanta-Sandy Springs-Alpharetta, GA1994105,884 88.6 %1,452 15.48 Publix--
115 The Village at MabletonMabletonGAAtlanta-Sandy Springs-Alpharetta, GA1959229,013 54.7 %1,023 8.17 -Dollar Tree, Ollie's Bargain Outlet, Planet Fitness-
116 Marshalls at Eastlake MariettaGAAtlanta-Sandy Springs-Alpharetta, GA198254,976 100.0 %604 10.99 -Marshalls-
117 New Chastain CornersMariettaGAAtlanta-Sandy Springs-Alpharetta, GA2004113,079 99.1 %1,322 11.80 Kroger--
118 Pavilions at EastlakeMariettaGAAtlanta-Sandy Springs-Alpharetta, GA1996147,538 87.5 %1,865 14.45 Kroger--
119 Creekwood VillageRexGAAtlanta-Sandy Springs-Alpharetta, GA199069,778 100.0 %666 9.55 Food Depot--
120 ConnexionRoswellGAAtlanta-Sandy Springs-Alpharetta, GA2016107,687 96.6 %1,989 19.13 -My Salon Suites-
121 Holcomb Bridge CrossingRoswellGAAtlanta-Sandy Springs-Alpharetta, GA198893,420 91.7 %986 11.51 -PGA TOUR Superstore-
122 Kings MarketRoswellGAAtlanta-Sandy Springs-Alpharetta, GA2005281,064 75.5 %2,414 11.37 Publix--
123 Victory SquareSavannahGASavannah, GA2007119,919 97.3 %1,692 14.50 SuperTarget*Citi Trends, Dollar Tree, NCG Cinemas, StaplesThe Home Depot
124 Stockbridge VillageStockbridgeGAAtlanta-Sandy Springs-Alpharetta, GA2008184,185 98.7 %3,025 16.64 Kroger--
125 Stone Mountain FestivalStone MountainGAAtlanta-Sandy Springs-Alpharetta, GA2006347,091 89.1 %1,884 6.09 Walmart SupercenterConn's Home Plus, Harbor Freight, NCG Cinemas-
126 Wilmington IslandWilmington IslandGASavannah, GA1985101,462 96.1 %1,099 11.28 Kroger--
127 Haymarket MallDes MoinesIADes Moines-West Des Moines, IA1979226,243 90.3 %1,306 6.40 -Burlington Stores, Harbor Freight Tools, Hobby Lobby-
128 Haymarket SquareDes MoinesIADes Moines-West Des Moines, IA1979269,705 97.4 %1,771 6.74 Price ChopperBig Lots, Genesis Health Club, Many Hands Thrift, Northern Tool + Equipment, Office Depot-
129 Annex of ArlingtonArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI1999199,663 98.3 %3,793 19.33 Trader Joe'sChuck E. Cheese's, Kirkland's, Petco, Ulta-
130 Ridge PlazaArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI2000151,643 96.0 %2,035 13.97 -XSport FitnessKohl's
131 Southfield PlazaBridgeviewILChicago-Naperville-Elgin, IL-IN-WI2006196,445 99.5 %2,422 12.39 Shop & Save MarketHobby Lobby, Octapharma, Planet Fitness, Walgreens-
132 Commons of Chicago RidgeChicago RidgeILChicago-Naperville-Elgin, IL-IN-WI1998324,977 92.7 %4,438 15.92 -Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness-
133 Rivercrest Shopping CenterCrestwoodILChicago-Naperville-Elgin, IL-IN-WI1992541,651 83.9 %5,586 13.13 -AMC Theatre, At Home, 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 79.8 %2,255 10.35 Jewel-Osco (Albertsons)Burlington StoresHobby Lobby
135 Elk Grove Town CenterElk Grove VillageILChicago-Naperville-Elgin, IL-IN-WI199861,609 98.9 %1,231 20.97 -Dollar Tree, Walgreens-
136 Freeport PlazaFreeportILFreeport, IL200087,846 86.9 %561 7.35 Cub Foods (United Natural Foods Inc.)--
137 The Quentin CollectionKildeerILChicago-Naperville-Elgin, IL-IN-WI2006171,530 76.4 %1,932 14.74 -Best Buy, Painted Tree Marketplace, PetSmart-
138 Butterfield SquareLibertyvilleILChicago-Naperville-Elgin, IL-IN-WI1997106,683 82.1 %1,373 15.67 Sunset Foods--
139 High Point CentreLombardILChicago-Naperville-Elgin, IL-IN-WI2019240,007 64.4 %1,924 12.45 -Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness-
140 Long Meadow CommonsMundeleinILChicago-Naperville-Elgin, IL-IN-WI1997118,281 95.2 %1,771 16.58 Jewel-OscoPlanet Fitness-
141 Westridge Court (2)NapervilleILChicago-Naperville-Elgin, IL-IN-WI1992682,650 62.6 %6,707 15.99 -Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, Edge Fitness, La-Z-Boy Furniture, Painted Tree Marketplace, Party City, Star Cinema Grille, Ulta-
142 Rollins CrossingRound Lake BeachILChicago-Naperville-Elgin, IL-IN-WI1998192,913 93.8 %1,915 17.67 -Asian Grill Sushi Buffet, LA Fitness, Regal Cinemas-
143 Tinley Park Plaza (3)Tinley ParkILChicago-Naperville-Elgin, IL-IN-WI2022233,118 78.8 %2,860 15.57 TBABurlington Stores, Planet Fitness, Tile Shop-
144 Meridian VillageCarmelINIndianapolis-Carmel-Anderson, IN1990130,769 94.9 %1,313 10.59 -Godby Home Furnishings, Just Click For It, Ollie's Bargain Outlet-
145 Columbus CenterColumbusINColumbus, IN1964142,989 100.0 %1,729 12.09 -Burlington Stores, Five Below, OfficeMax, Overstock Furntiture & Mattress, Pet Supplies Plus, T.J.Maxx, UltaTarget
146 Market CentreGoshenINElkhart-Goshen, IN1994211,680 89.5 %2,432 12.83 Walmart Supercenter*Burlington Stores, JOANN, Ross Dress for Less, Staples-
147 Speedway Super Center (3)SpeedwayINIndianapolis-Carmel-Anderson, IN2022595,550 90.1 %6,252 11.86 KrogerBurlington Stores, Harbor Freight Tools, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 46
image4.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
148 Sagamore Park CentreWest LafayetteINLafayette-West Lafayette, IN2018132,027 100.0 %1,398 10.59 Pay Less (Kroger)--
149 Westchester SquareLenexaKSKansas City, MO-KS1987161,701 87.1 %1,453 10.32 Hy-Vee--
150 West Loop Shopping CenterManhattanKSManhattan, KS2013214,898 99.5 %2,106 15.82 Dillons (Kroger)Bellus Academy, JOANN, Marshalls-
151 North Dixie PlazaElizabethtownKYElizabethtown-Fort Knox, KY1992130,466 98.4 %1,022 7.96 -At Home, Staples-
152 Florence Plaza - Florence Square (2)FlorenceKYCincinnati, OH-KY-IN2014686,741 95.1 %7,897 15.38 KrogerBarnes & Noble, Bob's Discount 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-
153 Jeffersontown CommonsJeffersontownKYLouisville/Jefferson County, KY-IN1959208,374 95.2 %1,926 10.22 -King Pin Lanes, Louisville Athletic Club-
154 London MarketplaceLondonKYLondon, KY1994165,826 99.0 %1,558 9.49 KrogerGoody's, Kohl's, Marshalls, Planet Fitness-
155 Eastgate Shopping CenterLouisvilleKYLouisville/Jefferson County, KY-IN2002174,842 100.0 %2,085 11.93 KrogerPetco-
156 Plainview VillageLouisvilleKYLouisville/Jefferson County, KY-IN1997158,009 86.8 %1,477 11.40 Kroger--
157 Stony Brook I & IILouisvilleKYLouisville/Jefferson County, KY-IN1988158,940 99.4 %2,037 12.89 Kroger Marketplace--
158 Points West PlazaBrocktonMABoston-Cambridge-Newton, MA-NH1960141,451 96.7 %1,091 7.97 America's Food BasketCiti Trends, Crunch Fitness, Jerusalem Discount Furniture-
159 Burlington Square I, II & IIIBurlingtonMABoston-Cambridge-Newton, MA-NH199279,698 84.4 %1,985 29.52 -Golf Galaxy, StaplesDuluth Trading Co.
160 Holyoke Shopping CenterHolyokeMASpringfield, MA2000195,995 93.1 %1,660 13.41 Super Stop & Shop (Ahold Delhaize)JOANN, Ocean State Job Lot-
161 WaterTower PlazaLeominsterMAWorcester, MA-CT2000284,757 90.4 %3,334 13.49 TBABarnes & Noble, Michaels, Party City, Petco, Staples, The Paper Store, T.J.Maxx-
162 Lunenberg CrossingLunenburgMAWorcester, MA-CT199425,515 100.0 %367 14.38 Hannaford Bros. (Ahold Delhaize)*-Walmart
163 Lynn MarketplaceLynnMABoston-Cambridge-Newton, MA-NH196878,046 95.5 %1,412 18.94 Stop And CompareCrunch Fitness, Rainbow Shops-
164 Webster Square Shopping CenterMarshfieldMABoston-Cambridge-Newton, MA-NH2005182,756 100.0 %2,685 14.69 Star Market (Albertsons)Marshalls, Ocean State Job Lot, The Paper Store-
165 Berkshire CrossingPittsfieldMAPittsfield, MA1994188,444 96.4 %2,854 15.71 Market 32Barnes & Noble, Michaels, Staples, UltaThe Home Depot, Walmart
166 Westgate PlazaWestfieldMASpringfield, MA1996126,093 98.2 %1,378 13.63 ALDIFive Below, Ocean State Job Lot, Staples, T.J.Maxx-
167 Perkins Farm MarketplaceWorcesterMAWorcester, MA-CT1967205,048 97.4 %2,399 19.31 Super Stop & Shop (Ahold Delhaize)Citi Trends, Crunch Fitness, Ollie's Bargain Outlet-
168 South Plaza Shopping CenterCaliforniaMDCalifornia-Lexington Park, MD200592,335 100.0 %1,827 19.79 -Best Buy, Old Navy, Petco, Ross Dress for Less-
169 Campus Village ShoppesCollege ParkMDWashington-Arlington-Alexandria, DC-VA-MD-WV198625,528 100.0 %900 35.26 ---
170 Fox Run (3)Prince FrederickMDWashington-Arlington-Alexandria, DC-VA-MD-WV2022310,071 88.7 %4,182 16.01 Giant Food (Ahold Delhaize)Big Lots, Five Below, JOANN, Planet Fitness, Ross Dress for Less, Ulta-
171 Pine Tree Shopping CenterPortlandMEPortland-South Portland, ME1958287,533 95.5 %1,872 17.62 -Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts-
172 Arborland CenterAnn ArborMIAnn Arbor, MI2000403,536 91.1 %6,551 18.08 KrogerBed Bath & Beyond, DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta-
173 Maple VillageAnn ArborMIAnn Arbor, MI2020294,029 84.8 %4,247 17.02 Plum MarketDunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta-
174 Grand CrossingBrightonMIDetroit-Warren-Dearborn, MI200585,389 93.0 %956 12.04 Busch’s Fresh Food MarketAce Hardware-
175 Farmington CrossroadsFarmingtonMIDetroit-Warren-Dearborn, MI198679,068 100.0 %880 11.13 -Dollar Tree, Ollie's Bargain Outlet, True Value-
176 Silver Pointe Shopping CenterFentonMIFlint, MI1996164,632 100.0 %2,158 13.20 VG's Food (SpartanNash)Dunham's Sports, Glik'sFive Below, Michaels, T.J.Maxx
177 Cascade East Grand RapidsMIGrand Rapids-Kentwood, MI198399,529 80.7 %654 8.15 D&W Fresh Market (SpartanNash)--
178 Delta CenterLansingMILansing-East Lansing, MI1985163,346 63.3 %1,195 11.84 -Bed Bath & Beyond, DXL Destination XL, Planet Fitness-
179 Lakes CrossingMuskegonMIMuskegon, MI2008104,600 96.2 %1,549 15.40 -JOANN, Party City, Shoe Carnival, UltaKohl's
180 Redford PlazaRedfordMIDetroit-Warren-Dearborn, MI1992303,883 88.3 %2,934 10.94 Prince Valley MarketBurlington Stores, Citi Trends, Dollar Tree, Lincoln Behavioral Services-
181 Hampton Village CentreRochester HillsMIDetroit-Warren-Dearborn, MI2004470,276 93.7 %6,678 20.03 TBADSW, Emagine Theatre, Five Below, Kohl's, Old Navy, Petco, T.J.Maxx, UltaTarget
182 Fashion CornersSaginawMISaginaw, MI2004184,735 98.0 %1,938 10.71 -Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools-
183 Southfield PlazaSouthfieldMIDetroit-Warren-Dearborn, MI1970101,724 100.0 %1,255 12.34 -Citi Trends, Party City, Planet FitnessBurlington Stores
184 18 RyanSterling HeightsMIDetroit-Warren-Dearborn, MI1997101,564 100.0 %948 9.33 Dream MarketO'Reilly Auto Parts-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 47
image4.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
185 Delco PlazaSterling HeightsMIDetroit-Warren-Dearborn, MI1996154,853 100.0 %1,109 7.16 -Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park-
186 West RidgeWestlandMIDetroit-Warren-Dearborn, MI1989162,874 75.8 %1,414 11.46 -Bed Bath & Beyond, Crunch Fitness, Party City, PetcoBurlington Stores, Target
187 Washtenaw Fountain PlazaYpsilantiMIAnn Arbor, MI2005122,762 95.4 %914 7.81 Save-A-LotBig Lots, Dollar Tree, Planet Fitness-
188 Southport Centre I - VIApple ValleyMNMinneapolis-St. Paul-Bloomington, MN-WI1985124,243 100.0 %2,293 18.46 SuperTarget*Best Buy, Dollar Tree, Walgreens-
189 Champlin MarketplaceChamplinMNMinneapolis-St. Paul-Bloomington, MN-WI200591,970 100.0 %1,233 13.41 Cub Foods (United Natural Foods Inc.)--
190 Burning Tree PlazaDuluthMNDuluth, MN-WI1987183,105 97.0 %2,418 13.62 -Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx-
191 Westwind PlazaMinnetonkaMNMinneapolis-St. Paul-Bloomington, MN-WI200791,670 93.8 %1,819 22.07 Cub Foods (United Natural Foods Inc.)*Goldfish Swim School-
192 Richfield HubRichfieldMNMinneapolis-St. Paul-Bloomington, MN-WI1952213,595 96.5 %2,312 11.22 -Marshalls, Michaels-
193 Roseville CenterRoseville MNMinneapolis-St. Paul-Bloomington, MN-WI202181,506 94.1 %1,017 19.50 ALDI, Cub Foods (Jerry's Foods)*Dollar Tree-
194 Marketplace @ 42SavageMNMinneapolis-St. Paul-Bloomington, MN-WI1999118,693 100.0 %1,946 16.40 Fresh Thyme Farmers MarketDollar Tree, Marshalls-
195 Sun Ray Shopping CenterSt. PaulMNMinneapolis-St. Paul-Bloomington, MN-WI1958290,897 83.8 %2,350 13.19 Cub Foods (United Natural Foods Inc.)BioLife Plasma Services, Planet Fitness, T.J.Maxx, Valu Thrift Store-
196 White Bear Hills Shopping CenterWhite Bear LakeMNMinneapolis-St. Paul-Bloomington, MN-WI199673,065 100.0 %1,113 15.23 Festival FoodsDollar Tree-
197 Ellisville SquareEllisvilleMOSt. Louis, MO-IL1989137,446 95.5 %1,660 12.96 ALDIMichaels, Party City, Petco, Tuesday Morning-
198 Hub Shopping CenterIndependenceMOKansas City, MO-KS1995160,423 100.0 %978 6.48 Price ChopperDollar Tree, Oak Street Health-
199 Watts Mill PlazaKansas CityMOKansas City, MO-KS1997161,717 78.6 %1,209 9.51 Price Chopper--
200 Liberty CornersLibertyMOKansas City, MO-KS1987124,808 98.3 %1,151 9.38 Price Chopper--
201 Maplewood SquareMaplewoodMOSt. Louis, MO-IL199871,590 95.4 %468 6.85 Schnucks--
202 Devonshire PlaceCaryNCRaleigh-Cary, NC1996106,680 100.0 %1,572 15.05 -Burlington Stores, Dollar Tree, Harbor Freight Tools, REI-
203 McMullen Creek MarketCharlotteNCCharlotte-Concord-Gastonia, NC-SC1988281,924 95.0 %4,195 15.66 Walmart Neighborhood MarketBurlington Stores, Dollar Tree, Staples-
204 The Commons at Chancellor ParkCharlotteNCCharlotte-Concord-Gastonia, NC-SC1994348,604 98.2 %2,033 8.58 Patel BrothersBig Lots, Gabriel Brothers, The Home Depot, Value City Furniture-
205 Macon PlazaFranklinNC—200192,583 75.6 %500 17.98 Food Lion (Ahold Delhaize)--
206 Garner Towne SquareGarnerNCRaleigh-Cary, NC1997180,017 97.0 %2,536 14.52 LIDLBurn Boot Camp, Citi Trends, Harbor Freight Tools, OfficeMax, PetSmartTarget, The Home Depot
207 Franklin SquareGastoniaNCCharlotte-Concord-Gastonia, NC-SC1989317,824 93.9 %3,810 14.22 Walmart Supercenter*Best Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, Ross Dress for Less, Skechers-
208 Wendover PlaceGreensboroNCGreensboro-High Point, NC2000407,944 98.1 %5,770 14.41 -Burlington Stores, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for Less, UltaTarget
209 University CommonsGreenvilleNCGreenville, NC1996233,153 95.5 %3,082 13.85 Harris Teeter (Kroger)Barnes & Noble, Overstock Furniture & Mattress, Petco, T.J.MaxxTarget
210 Valley CrossingHickoryNCHickory-Lenoir-Morganton, NC2014191,431 98.8 %1,821 9.63 -Academy Sports + Outdoors, American Freight Furniture, Dollar Tree, Harbor Freight Tools, Ollie's Bargain Outlet-
211 Kinston PointeKinstonNCKinston, NC2001250,580 99.6 %1,086 4.35 Walmart SupercenterDollar Tree-
212 Magnolia PlazaMorgantonNCHickory-Lenoir-Morganton, NC199093,553 83.9 %655 8.35 -Big Lots, Harbor Freight ToolsRural King
213 Roxboro SquareRoxboroNCDurham-Chapel Hill, NC200597,226 97.8 %1,546 16.25 -Person County Health & Human Services-
214 Innes Street MarketSalisburyNCCharlotte-Concord-Gastonia, NC-SC2002349,425 98.7 %4,155 12.05 Food Lion (Ahold Delhaize)Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown-
215 CrossroadsStatesvilleNCCharlotte-Concord-Gastonia, NC-SC1997127,926 99.3 %1,686 13.27 Walmart Supercenter*Big Lots, Burkes OutletTractor Supply Co.
216 Anson StationWadesboroNCCharlotte-Concord-Gastonia, NC-SC1988132,353 83.1 %732 6.66 Food Lion (Ahold Delhaize)Rose's, Tractor Supply Co.-
217 New Centre MarketWilmingtonNCWilmington, NC1998143,762 95.1 %1,981 14.90 -Burlington Stores, PetSmart, PopShelf, Sportsmans WarehouseTarget
218 University CommonsWilmingtonNCWilmington, NC2007235,345 88.4 %3,380 16.25 Lowes FoodsHomeGoods, T.J.Maxx-
219 Parkway PlazaWinston-SalemNCWinston-Salem, NC2005282,493 80.8 %2,659 12.69 Super Compare FoodsBadcock Home Furniture, Citi Trends, Modern Home, Office Depot-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 48
image4.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
220 Stratford CommonsWinston-SalemNCWinston-Salem, NC199572,308 67.5 %655 13.42 -Golf Galaxy, Mattress Firm-
221 Bedford GroveBedfordNHManchester-Nashua, NH198997,602 94.5 %1,610 17.45 -Bed Bath & Beyond, Boston Interiors-
222 Capitol Shopping CenterConcordNHConcord, NH2001188,887 97.4 %2,149 12.37 Market Basket (DeMoulas Supermarkets)Burlington Stores, JOANN, Marshalls-
223 Willow Springs PlazaNashua NHManchester-Nashua, NH1990131,248 100.0 %2,513 20.87 Patel BrothersNew Hampshire Liquor and Wine Outlet, PetcoThe Home Depot
224 Seacoast Shopping CenterSeabrook NHBoston-Cambridge-Newton, MA-NH199191,690 54.5 %363 7.26 -JOANN, The Zoo Health ClubAshley Furniture, Cardi's Furniture, Ocean State Job Lot
225 Tri-City PlazaSomersworthNHBoston-Cambridge-Newton, MA-NH1990150,504 97.7 %1,554 10.57 Market Basket (DeMoulas Supermarkets)Staples, T.J.Maxx-
226 Laurel Square (3)BrickNJNew York-Newark-Jersey City, NY-NJ-PA2022245,984 93.8 %1,999 8.67 Corrado's MarketAshley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square-
227 The Shoppes at CinnaminsonCinnaminsonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2010301,211 96.7 %4,674 23.85 ShopRiteBurlington Stores, Planet Fitness, Ross Dress For Less-
228 Acme ClarkClarkNJNew York-Newark-Jersey City, NY-NJ-PA200752,812 100.0 %1,465 27.74 Acme (Albertsons)--
229 Collegetown Shopping CenterGlassboroNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2021231,532 92.2 %3,166 15.02 LIDLBig Lots, Five Below, LA Fitness, Ross Dress for Less-
230 Hamilton PlazaHamiltonNJTrenton-Princeton, NJ1972160,969 90.7 %2,094 14.34 Grocery Outlet2nd Ave, Crab Du Jour, Dollar Tree, Family Dollar, Planet Fitness, Rothman Orthopaedic Institue-
231 Bennetts Mills PlazaJacksonNJNew York-Newark-Jersey City, NY-NJ-PA2002127,230 86.9 %1,459 13.20 Super Stop & Shop (Ahold Delhaize)Pet Supplies Plus-
232 Marlton CrossingMarltonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2019337,878 95.3 %7,034 21.97 Sprouts Farmers MarketBurlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx-
233 Middletown PlazaMiddletownNJNew York-Newark-Jersey City, NY-NJ-PA2001197,066 97.3 %3,648 19.29 -Petco, Walgreens-
234 Larchmont CentreMount LaurelNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1985103,787 93.1 %1,215 29.26 ShopRite--
235 Old Bridge Gateway (3)Old BridgeNJNew York-Newark-Jersey City, NY-NJ-PA2022254,548 96.3 %4,435 18.10 Bhavani Food Market, TBAMarshalls, Pep Boys, Petco, Robert Wood Johnson Fitness-
236 Morris Hills Shopping CenterParsippanyNJNew York-Newark-Jersey City, NY-NJ-PA1994159,561 98.6 %2,871 18.25 -Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls-
237 Rio Grande PlazaRio GrandeNJOcean City, NJ1997136,822 69.6 %1,257 13.20 ShopRite*PetSmart, Planet Fitness-
238 Ocean Heights PlazaSomers PointNJAtlantic City-Hammonton, NJ2006179,199 93.1 %3,249 19.48 ShopRiteDollar Tree, Staples-
239 Springfield PlaceSpringfieldNJNew York-Newark-Jersey City, NY-NJ-PA196536,209 95.0 %560 16.28 ShopRite--
240 Tinton Falls PlazaTinton FallsNJNew York-Newark-Jersey City, NY-NJ-PA200687,760 96.5 %1,467 17.33 -Dollar Tree, Jersey Strong-
241 Cross Keys CommonsTurnersvilleNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989216,205 93.0 %3,206 15.94 Walmart Supercenter*Dollar Tree, Marshalls, Rainbow Shops, Ross Dress for Less, Staples, Ulta-
242 Parkway PlazaCarle PlaceNYNew York-Newark-Jersey City, NY-NJ-PA199389,704 100.0 %2,889 32.21 ALDIT.J.Maxx-
243 Unity Plaza East FishkillNYPoughkeepsie-Newburgh-Middletown, NY200567,462 100.0 %1,462 21.67 Acme (Albertsons)True Value-
244 Suffolk PlazaEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199884,316 84.2 %1,546 22.37 BJ's Wholesale*, TBAFive BelowKohl's, Walmart
245 Three Village Shopping CenterEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199177,458 94.4 %2,092 28.60 Stop & Shop*, Wild by Nature Market*Ace HardwareRite Aid
246 Stewart Plaza (3)Garden CityNYNew York-Newark-Jersey City, NY-NJ-PA2022207,893 97.4 %3,790 18.91 -Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites-
247 Dalewood I, II & III Shopping CenterHartsdaleNYNew York-Newark-Jersey City, NY-NJ-PA1972194,441 98.5 %6,855 36.58 H-MartChristmas Tree Shops, T.J.Maxx, Ulta-
248 Cayuga MallIthacaNYIthaca, NY1969204,405 93.2 %1,702 9.70 ALDIBig Lots, Dollar Tree, JOANN, Party City, Planet Fitness, True Value-
249 Kings Park PlazaKings ParkNYNew York-Newark-Jersey City, NY-NJ-PA198572,208 100.0 %1,632 22.60 Key Food MarketplaceT.J.Maxx-
250 Village Square Shopping CenterLarchmontNYNew York-Newark-Jersey City, NY-NJ-PA198117,000 100.0 %612 36.00 Trader Joe's--
251 Falcaro's PlazaLawrenceNYNew York-Newark-Jersey City, NY-NJ-PA197261,904 100.0 %1,522 24.59 KolSave Market*Advance Auto Parts, Dollar Tree, Planet Fitness-
252 Mamaroneck CentreMamaroneckNYNew York-Newark-Jersey City, NY-NJ-PA202036,848 95.1 %1,329 37.93 North Shore FarmsCVS-
253 Sunshine SquareMedfordNYNew York-Newark-Jersey City, NY-NJ-PA2007223,322 97.6 %3,315 15.69 Super Stop & Shop (Ahold Delhaize)Lumber Liquidators, Planet Fitness, Savers-
254 Wallkill PlazaMiddletownNYPoughkeepsie-Newburgh-Middletown, NY1986209,910 100.0 %2,251 11.05 -Big Lots, Citi Trends, David's Bridal, Hobby Lobby-
255 Monroe ShopRite PlazaMonroeNYPoughkeepsie-Newburgh-Middletown, NY1985122,007 100.0 %1,982 16.25 ShopRiteBetter Lifestyle Club, U.S. Post Office, Walgreens-
256 Rockland PlazaNanuetNYNew York-Newark-Jersey City, NY-NJ-PA2006262,364 92.2 %5,511 24.55 A Matter of Health, TBABarnes & Noble, Marshalls, Petco-
Supplemental Disclosure - Three Months Ended December 31, 2021
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
257 North Ridge Shopping CenterNew RochelleNYNew York-Newark-Jersey City, NY-NJ-PA197139,429 86.3 %1,299 38.19 -Harmon Discount-
258 Nesconset Shopping CenterPort Jefferson StationNYNew York-Newark-Jersey City, NY-NJ-PA1961129,996 97.3 %3,289 26.00 -Dollar Tree, HomeGoods-
259 Roanoke PlazaRiverheadNYNew York-Newark-Jersey City, NY-NJ-PA200299,131 100.0 %2,036 20.54 Fine FareCVS, T.J.Maxx-
260 Riverhead RiverheadNYNew York-Newark-Jersey City, NY-NJ-PA2018120,089 100.0 %3,017 25.12 Costco*HomeSense, Marshalls, Petsmart, Ulta-
261 Rockville CentreRockville CentreNYNew York-Newark-Jersey City, NY-NJ-PA197544,131 100.0 %1,265 28.67 -HomeGoods, Rite Aid-
262 College PlazaSeldenNYNew York-Newark-Jersey City, NY-NJ-PA2013184,714 97.6 %3,211 21.26 ShopRiteWren KitchensFirestone
263 Campus PlazaVestalNYBinghamton, NY2003160,744 96.1 %1,947 12.61 -Olum's Furniture & Appliances, Staples, Walgreens-
264 Parkway PlazaVestalNYBinghamton, NY1995207,154 100.0 %2,162 10.44 -Bed Bath & Beyond, Kohl's, PetSmartTarget
265 Shoppes at VestalVestalNYBinghamton, NY200092,328 98.2 %1,498 16.53 -HomeGoods, Michaels, Old Navy-
266 Town Square MallVestalNYBinghamton, NY1991291,346 90.9 %4,156 16.36 Sam's Club*, Walmart Supercenter*AMC Vestal Town Square 9, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta-
267 The Plaza at Salmon RunWatertownNYWatertown-Fort Drum, NY199368,761 94.1 %714 11.03 Hannaford Bros. (Ahold Delhaize)Red Robin Gourmet BurgerLowe's, Runnings
268 Highridge PlazaYonkersNYNew York-Newark-Jersey City, NY-NJ-PA197788,501 98.4 %2,877 33.04 H-Mart--
269 Brunswick Town CenterBrunswickOHCleveland-Elyria, OH2004143,282 97.7 %2,134 15.81 Giant Eagle-The Home Depot
270 Brentwood PlazaCincinnatiOHCincinnati, OH-KY-IN2004223,843 94.5 %2,602 18.85 KrogerPetco, Planet Fitness, Rainbow Shops-
271 Delhi Shopping CenterCincinnatiOHCincinnati, OH-KY-IN1973165,411 100.0 %1,519 9.18 KrogerPet Supplies Plus, Salvation Army-
272 Harpers StationCincinnatiOHCincinnati, OH-KY-IN1994253,356 82.4 %3,461 16.58 Fresh Thyme Farmers MarketHomeGoods, LA Fitness, Pet Supplies Plus, T.J.Maxx-
273 Western Hills PlazaCincinnatiOHCincinnati, OH-KY-IN2021240,022 98.3 %4,901 21.56 -Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, UltaTarget
274 Western VillageCincinnatiOHCincinnati, OH-KY-IN2005115,791 97.8 %1,227 37.67 Kroger--
275 Crown PointColumbusOHColumbus, OH1980144,931 93.4 %1,394 10.30 KrogerDollar Tree, Planet Fitness-
276 Greentree Shopping CenterColumbusOHColumbus, OH2005131,573 83.9 %1,204 11.76 Kroger--
277 South Towne CentreDaytonOHDayton-Kettering, OH1972333,998 96.1 %4,401 14.05 Health Foods UnlimitedBurlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Value City Furniture-
278 Southland Shopping CenterMiddleburg HeightsOHCleveland-Elyria, OH1951582,492 78.8 %5,473 11.92 BJ's Wholesale Club*, Giant Eagle, Marc'sCleveland Furniture Bank, JOANN, Marshalls, Party City, UFC Gym-
279 The Shoppes at North OlmstedNorth OlmstedOHCleveland-Elyria, OH200270,003 100.0 %1,175 16.79 -Ollie's Bargain Outlet, Sears Outlet-
280 Surrey Square MallNorwoodOHCincinnati, OH-KY-IN2010175,167 83.1 %2,127 34.70 Kroger--
281 Brice ParkReynoldsburgOHColumbus, OH1989147,800 98.1 %1,472 10.66 -Ashley Furniture, Citi Trends, Dollar Tree, Michaels-
282 Miracle Mile Shopping PlazaToledoOHToledo, OH1955289,105 83.8 %1,712 12.57 KrogerBig Lots, Crunch Fitness, Harbor Freight Tools-
283 MarketplaceTulsaOKTulsa, OK1992193,276 100.0 %2,007 10.38 -Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmartBest Buy
284 Village WestAllentownPAAllentown-Bethlehem-Easton, PA-NJ1999140,474 85.0 %2,280 19.11 Giant Food (Ahold Delhaize)CVS, Dollar Tree-
285 Park Hills PlazaAltoonaPAAltoona, PA1985266,512 87.4 %2,438 10.57 Weis MarketsBurlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park-
286 Bethel Park Shopping CenterBethel ParkPAPittsburgh, PA1965202,349 100.0 %2,123 11.82 Giant EaglePep Boys, Walmart-
287 Lehigh Shopping CenterBethlehemPAAllentown-Bethlehem-Easton, PA-NJ1955373,766 98.2 %4,167 14.24 Giant Food (Ahold Delhaize)Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe-
288 Bristol ParkBristolPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1993260,953 88.6 %2,006 8.92 -Complete Liquidators, Dollar Tree, Family Dollar, Ollie's Bargain Outlet-
289 Chalfont Village Shopping CenterChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD198946,051 69.9 %421 13.07 ---
290 New Britain Village SquareChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989143,716 89.0 %2,470 19.32 Giant Food (Ahold Delhaize)Wine & Spirits Shoppe-
291 Collegeville Shopping CenterCollegevillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020110,430 83.4 %1,567 17.02 Kimberton Whole FoodsPep Boys, Rascal Fitness-
292 Plymouth Square Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1959235,608 73.4 %3,564 20.62 Weis MarketsMarshalls, REI-
293 Whitemarsh Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD200276,288 97.8 %2,095 28.09 Giant Food (Ahold Delhaize)--
294 Valley FairDevonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2001105,086 26.8 %539 19.11 ---
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 50
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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
295 Dickson City Crossings (3)Dickson CityPAScranton--Wilkes-Barre, PA2022312,699 84.5 %2,800 18.58 -Burlington Stores, Dollar Tree, Gabe's, Party City, PetSmart, The Home Depot, T.J.Maxx-
296 Barn PlazaDoylestownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2002237,681 99.0 %3,667 15.58 -Kohl's, Marshalls, Regal Cinemas-
297 Pilgrim GardensDrexel HillPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD195575,223 98.0 %1,343 18.22 -Dollar Tree, Ross Dress for Less, Tuesday Morning, U.S. Post Office-
298 New Garden CenterKennett SquarePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1979147,370 95.7 %1,143 8.28 -Big Lots, Ollie's Bargain Outlet, Planet Fitness-
299 North Penn Market PlaceLansdalePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD197758,358 93.1 %999 19.70 Weis Markets*--
300 Village at NewtownNewtownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2021223,004 89.9 %6,755 34.68 McCaffrey'sUlta-
301 IvyridgePhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1963106,348 100.0 %2,926 27.51 -Dollar Tree, Target, Wine & Spirits Shoppe-
302 Roosevelt MallPhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020581,405 94.9 %8,445 35.36 Sprouts Farmers MarketLA Fitness, Macy's, Rainbow Shops, Ross Dress For Less-
303 Shoppes at Valley ForgePhoenixvillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2003176,676 99.3 %1,242 7.08 Redner's Warehouse MarketBig Lots, Staples-
304 County Line PlazaSoudertonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1971154,608 92.3 %1,596 11.19 ALDIDollar Tree, Planet Fitness, Rite Aid, VF Outlet-
305 69th Street PlazaUpper DarbyPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD199441,711 100.0 %456 10.93 Fresh Grocer (Wakefern)*EZ Bargains, Rent-A-Center, Super Dollar City-
306 Warminster Towne CenterWarminsterPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1997237,152 100.0 %3,801 17.39 ShopRiteHarbor Freight Tools, Old Navy, Party City, PetSmart, Ross Dress for Less, Sportsman's WarehouseKohl's
307 Shops at ProspectWest HempfieldPALancaster, PA199463,392 100.0 %840 13.25 Giant Food (Ahold Delhaize)Penn State Health-
308 Whitehall SquareWhitehallPAAllentown-Bethlehem-Easton, PA-NJ2006315,192 98.9 %3,142 10.08 Redner's Warehouse MarketDollar Tree, Gabe's, Mavis Discount Tires, PetSmart, Ross Dress for Less, Staples-
309 Wilkes-Barre Township MarketplaceWilkes-Barre PAScranton--Wilkes-Barre, PA2004306,440 98.9 %2,491 34.51 Walmart SupercenterChuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus-
310 Belfair Towne VillageBlufftonSCHilton Head Island-Bluffton, SC2006166,639 96.6 %2,621 16.29 KrogerK1 Speed-
311 Milestone PlazaGreenvilleSCGreenville-Anderson, SC199589,721 100.0 %1,674 19.79 Lowes Foods--
312 Circle CenterHilton Head IslandSCHilton Head Island-Bluffton, SC200065,313 100.0 %928 14.21 ---
313 Island PlazaJames IslandSCCharleston-North Charleston, SC1994173,524 98.0 %1,741 10.37 Food Lion (Ahold Delhaize)Dollar Tree, Gold's Gym, Tuesday Morning-
314 Festival CentreNorth CharlestonSCCharleston-North Charleston, SC1987325,347 76.1 %2,289 9.38 -Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet-
315 Pawleys Island PlazaPawleys IslandSCGeorgetown, SC2015120,095 95.3 %1,557 13.61 PublixPetco, T.J.Maxx, Tuesday Morning-
316 Fairview Corners I & IISimpsonvilleSCGreenville-Anderson, SC2003131,002 100.0 %2,450 18.70 -Ross Dress for Less, T.J.MaxxTarget
317 Hillcrest Market PlaceSpartanburgSCSpartanburg, SC1965360,277 78.0 %3,992 14.43 PublixFive Below, Marshalls, NCG Cinemas, Petco, Ross Dress for Less-
318 East Ridge CrossingChattanooga TNChattanooga, TN-GA199958,950 93.9 %589 10.64 Food Lion (Ahold Delhaize)--
319 Watson Glen Shopping CenterFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988265,948 100.0 %3,051 11.47 ALDIAt Home, Big Lots, Franklin Athletic Club-
320 Williamson SquareFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988331,386 100.0 %4,202 12.68 -Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness-
321 Greeneville CommonsGreenevilleTNGreeneville, TN2002224,139 98.7 %1,971 9.11 -Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less-
322 Kingston OverlookKnoxvilleTNKnoxville, TN1996119,360 100.0 %974 8.16 -Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park-
323 The Commons at Wolfcreek (2)MemphisTNMemphis, TN-MS-AR2014649,252 95.5 %9,829 16.43 -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
324 Georgetown SquareMurfreesboroTNNashville-Davidson--Murfreesboro--Franklin, TN2003114,117 93.0 %1,417 13.35 KrogerAaron's-
325 Nashboro VillageNashvilleTNNashville-Davidson--Murfreesboro--Franklin, TN199886,811 100.0 %1,161 13.37 Kroger-Walgreens
326 Parmer CrossingAustinTXAustin-Round Rock-Georgetown, TX1989170,605 96.0 %2,120 12.94 Desi BrothersBig Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet FitnessFry's Electronics
327 Baytown Shopping CenterBaytownTXHouston-The Woodlands-Sugar Land, TX198795,941 90.1 %1,321 15.29 -24 Hour Fitness-
328 El CaminoBellaireTXHouston-The Woodlands-Sugar Land, TX200871,651 98.5 %694 9.84 El Ahorro SupermarketDollar Tree, Family Dollar-
329 TownshireBryanTXCollege Station-Bryan, TX2002136,887 88.8 %946 7.78 -Tops Printing-
330 Central StationCollege StationTXCollege Station-Bryan, TX1976178,141 98.7 %3,127 18.21 -Dollar Tree, HomeGoods, Party City, Spec's LiquorsKohl's
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 51
image4.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
331 Rock Prairie CrossingCollege StationTXCollege Station-Bryan, TX2002118,700 98.1 %1,415 28.05 KrogerCVS-
332 Carmel VillageCorpus ChristiTXCorpus Christi, TX201984,667 100.0 %1,177 13.90 -Crunch Fitness, Dollar Tree, Tuesday Morning-
333 Claremont VillageDallasTXDallas-Fort Worth-Arlington, TX197666,980 98.7 %602 9.21 -Family Dollar-
334 Kessler PlazaDallasTXDallas-Fort Worth-Arlington, TX197568,962 98.2 %755 11.15 -Canales, Family Dollar-
335 Stevens Park VillageDallasTXDallas-Fort Worth-Arlington, TX197445,492 97.0 %474 10.74 -Big Lots, O'Reilly Auto Parts-
336 Webb Royal PlazaDallasTXDallas-Fort Worth-Arlington, TX1961108,545 89.9 %1,180 12.70 El Rio Grande Latin MarketFamily Dollar-
337 Wynnewood Village (3)DallasTXDallas-Fort Worth-Arlington, TX2022464,995 94.0 %6,360 14.83 El Rancho, KrogerFallas, Five Below, Kids Empire, LA Fitness, Mi Doctor, Ross Dress for Less-
338 ParktownDeer ParkTXHouston-The Woodlands-Sugar Land, TX1999118,221 94.1 %1,056 9.49 Food TownBurkes Outlet, Walgreens-
339 Preston RidgeFriscoTXDallas-Fort Worth-Arlington, TX2018789,559 87.7 %15,364 22.18 SuperTarget*Best Buy, Big Lots, Boot Barn, DSW, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Ross Dress for Less, T.J.Maxx-
340 Ridglea PlazaFort WorthTXDallas-Fort Worth-Arlington, TX1990170,519 92.0 %1,765 11.25 Tom Thumb (Albertsons)Fan Boys, Goody Goody Wine & Spirits-
341 Trinity CommonsFort WorthTXDallas-Fort Worth-Arlington, TX1998197,423 92.5 %3,820 20.91 Tom Thumb (Albertsons)DSW, Ulta-
342 Village PlazaGarlandTXDallas-Fort Worth-Arlington, TX200289,444 98.0 %1,262 14.48 Truong Nguyen Grocer--
343 Highland Village Town CenterHighland VillageTXDallas-Fort Worth-Arlington, TX1996101,874 96.7 %1,157 12.05 -Painted Tree Marketplace, Planet Fitness-
344 Bay Forest HoustonTXHouston-The Woodlands-Sugar Land, TX200471,667 98.0 %780 11.10 Kroger--
345 Beltway SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1998107,174 97.0 %1,022 30.19 Kroger--
346 Braes Heights (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202292,179 94.4 %2,543 29.23 -CVS, I W Marks Jewelers, My Salon Suites-
347 BraesgateHoustonTXHouston-The Woodlands-Sugar Land, TX199791,382 96.3 %682 7.75 Food Town--
348 BroadwayHoustonTXHouston-The Woodlands-Sugar Land, TX200674,988 100.0 %959 13.29 El Ahorro SupermarketBlink Fitness (Equinox), Melrose Fashions-
349 Clear Lake Camino SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1964106,058 90.6 %1,402 15.61 ALDI24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors-
350 Hearthstone Corners HoustonTXHouston-The Woodlands-Sugar Land, TX2019208,147 94.7 %2,201 11.17 El RanchoBig Lots, Conn's-
351 Jester Village (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202262,665 88.4 %1,244 22.45 -24 Hour Fitness-
352 Jones Plaza (3)HoustonTXHouston-The Woodlands-Sugar Land, TX2022111,206 83.7 %986 10.60 La Michoacana SupermarketAaron's, Fitness Connection-
353 Jones SquareHoustonTXHouston-The Woodlands-Sugar Land, TX1999169,786 98.9 %1,572 9.36 -Big Lots, Hobby Lobby, Octapharma-
354 MaplewoodHoustonTXHouston-The Woodlands-Sugar Land, TX200499,177 95.5 %894 9.44 FoodaramaBurke's Outlet, Kids Empire-
355 Merchants ParkHoustonTXHouston-The Woodlands-Sugar Land, TX2009246,451 96.9 %3,473 14.54 KrogerBig Lots, Petco, Planet Fitness, Ross Dress for Less, Tuesday Morning-
356 NorthgateHoustonTXHouston-The Woodlands-Sugar Land, TX197240,244 100.0 %354 8.80 El Rancho*Affordable Furniture, Firestone, TitleMax-
357 NorthshoreHoustonTXHouston-The Woodlands-Sugar Land, TX2001223,954 93.3 %2,945 14.33 Sellers Bros.Conn's, Dollar Tree, Oak Street Health, Office Depot-
358 Northtown PlazaHoustonTXHouston-The Woodlands-Sugar Land, TX1960190,666 91.8 %2,427 14.06 El Rancho99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross)-
359 Orange GroveHoustonTXHouston-The Woodlands-Sugar Land, TX2005184,704 84.2 %1,631 11.02 -24 Hour Fitness, Floor & Décor-
360 Royal Oaks VillageHoustonTXHouston-The Woodlands-Sugar Land, TX2001146,279 98.5 %3,337 23.15 H-E-B--
361 Tanglewilde CenterHoustonTXHouston-The Woodlands-Sugar Land, TX199883,343 97.9 %1,294 16.00 ALDIDollar Tree, Party City, Salon In The Park-
362 Westheimer CommonsHoustonTXHouston-The Woodlands-Sugar Land, TX1984245,714 97.2 %2,399 10.05 Fiesta MartKing Dollar, Marshalls, Sanitas Medical Center-
363 Crossroads Centre - PasadenaPasadenaTXHouston-The Woodlands-Sugar Land, TX1997146,567 95.2 %2,037 15.59 KrogerLA Fitness-
364 Spencer SquarePasadenaTXHouston-The Woodlands-Sugar Land, TX1998186,732 85.4 %1,763 11.42 KrogerBurkes Outlet-
365 Pearland PlazaPearlandTXHouston-The Woodlands-Sugar Land, TX1995156,491 94.9 %1,324 8.92 KrogerAmerican Freight Furniture, Harbor Freight Tools, Walgreens-
366 Market PlazaPlanoTXDallas-Fort Worth-Arlington, TX2002142,058 92.5 %2,818 22.37 Central Market (H-E-B)--
367 Preston Park VillagePlanoTXDallas-Fort Worth-Arlington, TX1985256,343 79.4 %5,052 24.81 -Gap Factory Store, HomeGoods, Petco, Rollie Pollies Gymnastics Center-
368 Keegan's MeadowStaffordTXHouston-The Woodlands-Sugar Land, TX1999125,293 93.3 %1,336 11.78 El RanchoFamily Dollar-
369 Texas City BayTexas CityTXHouston-The Woodlands-Sugar Land, TX2005224,922 92.3 %2,133 10.39 KrogerConn's, Harbor Freight Tools, Planet Fitness-
Supplemental Disclosure - Three Months Ended December 31, 2021
Page 52
image4.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
370 Windvale CenterThe WoodlandsTXHouston-The Woodlands-Sugar Land, TX2002100,688 89.3 %1,926 21.41 ---
371 Culpeper Town SquareCulpeperVAWashington-Arlington-Alexandria, DC-VA-MD-WV1999132,882 74.3 %833 8.44 -Ollie's Bargain Outlet, Tractor Supply Co.-
372 Hanover SquareMechanicsvilleVARichmond, VA1991141,620 99.2 %2,152 15.32 -Gold's Gym, Hobby LobbyKohl's
373 Tuckernuck SquareRichmondVARichmond, VA198188,220 94.6 %1,457 17.45 -2nd & Charles, Chuck E. Cheese's-
374 Cave Spring CornersRoanokeVARoanoke, VA2005147,133 93.0 %1,130 14.48 KrogerHamrick's-
375 Hunting HillsRoanokeVARoanoke, VA1989166,207 97.1 %1,435 8.89 -Dollar Tree, Kohl's, PetSmart-
376 Hilltop PlazaVirginia BeachVAVirginia Beach-Norfolk-Newport News, VA-NC2010150,300 91.4 %2,957 21.77 Trader Joe'sJOANN, PetSmart, Ulta-
377 Rutland PlazaRutlandVTRutland, VT1997223,314 90.0 %1,938 9.65 Price ChopperDollar Tree, T.J.Maxx, Walmart-
378 Spring MallGreenfieldWIMilwaukee-Waukesha, WI200345,920 31.3 %144 10.01 --Walgreens
379 Mequon PavilionsMequonWIMilwaukee-Waukesha, WI1967219,230 87.3 %3,153 16.47 Sendik's Food MarketBed Bath & Beyond, Marshalls-
380 Moorland Square Shopping CtrNew BerlinWIMilwaukee-Waukesha, WI199098,303 89.0 %841 9.61 Pick 'n Save (Kroger)--
381 Paradise PavilionWest BendWIMilwaukee-Waukesha, WI2000203,545 91.8 %1,405 7.52 -Hobby Lobby, Kohl's-
382 Grand Central PlazaParkersburgWVParkersburg-Vienna, WV198675,344 90.7 %782 11.44 -Office Depot, O'Reilly Auto Parts-
TOTAL PORTFOLIO
67,452,927 92.0 %$900,623 $15.42 
(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 December 31, 2021
Page 53
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