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8-K

Brixmor Property Group Inc. (BRX)

8-K 2022-05-02 For: 2022-05-02
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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): May 2, 2022

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

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

450 Lexington Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

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

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

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

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

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

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

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

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

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On May 2, 2022, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the first quarter ended March 31, 2022. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.

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

Item 9.01     Financial Statements and Exhibits

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

99.1 Press release issued May 2, 2022.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the first quarter ended March 31, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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

Date: May 2, 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

Document

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

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS FIRST QUARTER 2022 RESULTS

NEW YORK, MAY 2, 2022 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2022. For the three months ended March 31, 2022 and 2021, net income was $0.26 per diluted share and $0.18 per diluted share, respectively.

Key highlights for the three months ended March 31, 2022 include:

•Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 18.1%, including 0.8 million square

feet of new leases, with rent spreads on comparable space of 35.9%

•Realized total leased occupancy of 92.1%, anchor leased occupancy of 94.4%, and small shop leased occupancy of 87.0%

◦Leased to billed occupancy spread totaled 350 basis points

◦Total signed but not yet commenced lease population represented 2.7 million square feet and $51.7 million of annualized base rent

•Reported an increase in same property NOI of 8.4%

•Reported Nareit FFO of $145.4 million, or $0.49 per diluted share

•Stabilized $28.1 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline totaling $418.9 million at an expected average incremental NOI yield of 9%

•Completed $159.5 million of acquisitions and $60.9 million of dispositions

•Received a positive credit rating outlook from S&P Global Ratings

Subsequent events:

•Completed $168.6 million of acquisitions and $17.3 million of dispositions

•Amended and restated unsecured credit facilities, increasing the total amount available to $1.75 billion, while extending the maturities and lowering pricing

•Received a credit rating upgrade from Fitch Ratings to 'BBB' from 'BBB-', with a stable outlook

•Updated previously provided NAREIT FFO per diluted share expectations for 2022 to $1.88 - $1.95 from $1.86 - $1.95 and same property NOI growth expectations for 2022 to 3.0% - 4.5% from 2.0% - 4.0%

“The portfolio transformation being driven by our value added platform is evident not only at the property level, but also across all of our operational metrics, from traffic trends to strong leasing volumes and spreads, to record ABR, to record small shop occupancy, and to fundamental growth in NOI,” commented James Taylor, CEO and President. “And, importantly, our momentum continues with a robust forward leasing pipeline, continued deliveries of highly accretive reinvestment projects, and the sourcing of exciting value added acquisitions that further cluster our investments in our core markets."

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended March 31, 2022 and 2021, net income was $79.5 million, or $0.26 per diluted share, and $52.4 million, or $0.18 per diluted share, respectively.

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Nareit FFO

•For the three months ended March 31, 2022 and 2021, Nareit FFO was $145.4 million, or $0.49 per diluted share, and $130.5 million, or $0.44 per diluted share, respectively. Results for the three months ended March 31, 2022 and 2021 include items that impact FFO comparability, including litigation and other non-routine legal expenses, loss on extinguishment of debt, net, and transaction expenses of $(0.0) million, or $(0.00) per diluted share, and $(3.1) million, or $(0.01) per diluted share, respectively.

Same Property NOI Performance

•For the three months ended March 31, 2022, the Company reported an increase in same property NOI of 8.4% versus the comparable 2021 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 second quarter of 2022.

•The dividend is payable on July 15, 2022 to stockholders of record on July 5, 2022, representing an ex-dividend date of July 1, 2022.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended March 31, 2022, the Company stabilized four value enhancing reinvestment projects with a total aggregate net cost of approximately $28.1 million at an average incremental NOI yield of 10% and added eight new reinvestment projects to its in process pipeline. Projects added include three anchor space repositioning projects, one outparcel development project, and four redevelopment projects, with a total aggregate net estimated cost of approximately $74.6 million at an expected average incremental NOI yield of 8%.

•At March 31, 2022, the value enhancing reinvestment in process pipeline was comprised of 54 projects with an aggregate net estimated cost of approximately $418.9 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 16 anchor space repositioning projects with an aggregate net estimated cost of approximately $73.7 million at an expected incremental NOI yield of 7% - 14%; 13 outparcel development projects with an aggregate net estimated cost of approximately $24.2 million at an expected average incremental NOI yield of 11%; and 25 redevelopment projects with an aggregate net estimated cost of approximately $321.1 million at an expected average incremental NOI yield of 9%.

•An in-depth review of a recent redevelopment project, which highlights the Company's reinvestment capabilities, Village at Newtown (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA), can be found at this link: https://www.brixmor.com/blog/village-at-newtown-redevelopment-video.

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

Acquisitions

•During the three months ended March 31, 2022, the Company acquired three shopping centers and one land parcel at an existing property for a combined purchase price of $159.5 million, including:

◦Brea Gateway (previously announced), located in Brea, California (Los Angeles-Long Beach-Anaheim, CA MSA).

◦Arboretum Village (previously announced), located in Dallas, Texas (Dallas-Fort Worth-Arlington, TX MSA).

◦Ravinia Plaza, a 101,800 square foot grocery-anchored neighborhood shopping center located in Orland Park, Illinois (Chicago-Naperville-Elgin, IL-IN-WI MSA), for $26.0 million in February 2022. Ravinia Plaza is anchored by a highly-productive Whole Foods Market and has compelling near-term leasing opportunities related to existing high-profile vacancies. The property is located three miles west

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of the Company’s Tinley Park Plaza property, an in process redevelopment project, and complements the Company's 14 other assets in the market, which aggregate approximately 3.5 million square feet.

•Subsequent to March 31, 2022, the Company acquired three shopping centers for a combined purchase price of $168.6 million, including:

◦Two grocery-anchored community shopping centers located in the Chicago, Illinois market (Chicago-Naperville-Elgin, IL MSA). These acquisitions complement the Company's existing assets in the market, including Ravinia Plaza, and were acquired below replacement cost, at attractive pricing relative to recent comparable sales, and feature tenants performing at the top of their respective store fleets in the state, while paying below market rents at two of the most highly trafficked open-air retail centers in the state.

▪Elmhurst Crossing, an approximately 348,000 square foot grocery-anchored community shopping center located in Elmhurst, Illinois (Chicago-Naperville-Elgin, IL MSA), for $75.1 million in April 2022. Elmhurst Crossing is anchored by multiple high-performing anchors, including Whole Foods Market, At Home, and Kohl’s, and has substantial value creation opportunities, including below-market in-place rents and anchor repositioning and potential densification opportunities. The center is located within ten miles of the Company’s Midwest regional office in a dense, highly affluent trade area.

▪North Riverside Plaza, an approximately 384,000 square foot grocery-anchored community shopping center located in North Riverside, Illinois (Chicago-Naperville-Elgin, IL MSA), for $60.0 million in April 2022. North Riverside Plaza has a 5-mile population density of over 600,000, compelling near-term leasing opportunities with several high-profile vacancies, and chain leading anchors with below-market in-place rents. Key tenants include Best Buy, Burlington, Kohl’s, and Petco, as well as a future Amazon Fresh.

◦West U Marketplace, an approximately 60,000 square foot grocery-anchored neighborhood shopping center located in a dense and affluent trade area across the street from the Company's Braes Heights property and West regional office in Houston, Texas (Houston-The Woodlands-Sugar Land, TX MSA), for $33.5 million in April 2022. West U Marketplace is anchored by a highly productive Whole Foods Market and has below market in-place rents and significant remerchandising opportunities. The property complements the Company’s 28 other assets in the market, which aggregate nearly 3.8 million square feet, and will benefit from leasing and operational synergies resulting from the Company’s clustered assets in the trade area.

Dispositions

•During the three months ended March 31, 2022, the Company generated approximately $60.9 million of gross proceeds on the disposition of five shopping centers, as well as one partial property, comprised of 0.6 million square feet of gross leasable area.

•Subsequent to March 31, 2022, the Company disposed of two shopping centers, as well as one partial property, for $17.3 million of gross proceeds.

CAPITAL STRUCTURE

•During the three months ended March 31, 2022, the Company raised approximately $44.4 million in gross proceeds, excluding commissions, from the sale of approximately 1.7 million shares of common stock at an average price per share of $25.49 through its at-the-market equity offering program. As of March 31, 2022, $350.4 million of common stock remained available for issuance under the at-the-market equity offering program.

•On April 28, 2022, the Company’s operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), amended and restated its Unsecured Credit Facility and $300 Million Term Loan (the “Facilities”), increasing the total amount available under the Operating Partnership’s unsecured credit facilities from $1.55 billion to $1.75 billion, while extending the maturities and lowering the pricing of the Facilities. The amendments provide for (i) revolving loan commitments of $1.25 billion (the “Revolving Facility”) scheduled to mature on June 30, 2026 (extending the prior maturity date from February 28, 2023) and (ii) a continuation of the existing $300 Million Term Loan scheduled to mature on July 26, 2027 (extending the prior maturity date from July 26, 2024) and a new $200.0 million delayed draw term loan, maturing on July 26, 2027 (together, the “Term Loan Facility”). As of May 2, 2022, the Operating Partnership has not drawn any amounts under the delayed draw term loan. The Revolving Facility includes two six-month maturity extension options, the exercise of which is subject to customary conditions and the payment of a fee on the extended commitments.

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◦The interest rates applicable to borrowings under the Facilities were lowered (for the margins based on the Operating Partnership’s current credit ratings), (i) with respect to the Revolving Facility, to an adjusted SOFR plus 105 basis points from LIBOR plus 110 basis points and (ii) with respect to the Term Loan Facility, to an adjusted SOFR plus 120 basis points from LIBOR plus 125 basis points.

◦The Facilities feature a sustainability-linked pricing component whereby the applicable interest rate margin can decrease by one to two basis points if the Company meets certain sustainability performance targets related to reductions in greenhouse gas emissions as verified by an independent third-party evaluation.

◦The Facilities include an accordion feature that allows the Operating Partnership to increase the total potential capacity of the Facilities by increasing the revolving loan commitments or adding term loans in the aggregate amount of up to $1.50 billion, subject to certain conditions, including obtaining additional lender commitments to provide such increased amounts.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2022 to $1.88 - $1.95 from $1.86 - $1.95 and its same property NOI growth expectations for 2022 to 3.0% - 4.5% from 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 (150) bps - (100) bps, based on net reserves of 100 – 60 bps of total revenues

◦Contribution from all other line items of 50 bps

•Expectations for 2022 Nareit FFO:

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

◦Do not include any additional items that impact FFO comparability, including litigation and other non-routine legal expenses, loss on extinguishment of debt, and transaction expenses, or any one-time items

•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) 2022E 2022E Per Diluted Share
Net income $250 - $271 $0.83 - $0.90
Depreciation and amortization related to real estate 330 1.10
Gain on sale of real estate assets (22) (0.07)
Impairment of real estate assets 5 0.02
Nareit FFO $563 - $584 $1.88 - $1.95

CONNECT WITH BRIXMOR

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

•Follow Brixmor on:

◦Twitter at https://www.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.

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, May 3, 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 May 17, 2022 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13727467) or via the web through May 3, 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 investorrelations@brixmor.com or 800.468.7526.

NON-GAAP PERFORMANCE MEASURES

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

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

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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 380 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. 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 of As of
3/31/22 12/31/21
Assets
Real estate
$ 1,807,111 $ 1,773,448
8,111,446 8,009,320
109,512 101,422
544,836 544,224
10,572,905 10,428,414
(2,847,814) (2,813,329)
Real estate, net 7,725,091 7,615,085
Cash and cash equivalents 31,567 296,632
Restricted cash 8,817 1,111
Marketable securities 19,315 20,224
Receivables, net 239,856 234,873
Deferred charges and prepaid expenses, net 144,401 143,503
Real estate assets held for sale 24,398 16,131
Other assets 52,732 49,834
Total assets $ 8,246,177 $ 8,377,393
Liabilities
Debt obligations, net $ 5,010,568 $ 5,164,518
Accounts payable, accrued expenses and other liabilities 461,951 494,529
Total liabilities 5,472,519 5,659,047
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
2,995 2,972
Additional paid-in capital 3,269,719 3,231,732
Accumulated other comprehensive loss (1,722) (12,674)
Distributions in excess of net income (497,334) (503,684)
Total equity 2,773,658 2,718,346
Total liabilities and equity $ 8,246,177 $ 8,377,393

All values are in US Dollars.

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CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/22 3/31/21
Revenues
Rental income $ 298,362 $ 276,461
Other revenues 267 3,285
Total revenues 298,629 279,746
Operating expenses
Operating costs 34,796 31,385
Real estate taxes 41,640 42,888
Depreciation and amortization 84,222 83,420
Impairment of real estate assets 4,590 1,467
General and administrative 28,000 24,645
Total operating expenses 193,248 183,805
Other income (expense)
Dividends and interest 75 87
Interest expense (47,322) (48,994)
Gain on sale of real estate assets 21,911 5,764
Loss on extinguishment of debt, net — (1,197)
Other (539) 770
Total other expense (25,875) (43,570)
Net income $ 79,506 $ 52,371
Net income per common share:
Basic $ 0.27 $ 0.18
Diluted $ 0.26 $ 0.18
Weighted average shares:
Basic 298,528 297,110
Diluted 299,457 297,846
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/22 3/31/21
$ 79,506 $ 52,371
Depreciation and amortization related to real estate 83,190 82,455
Gain on sale of real estate assets (21,911) (5,764)
Impairment of real estate assets 4,590 1,467
$ 145,375 $ 130,529
$ 0.49 $ 0.44
299,457 297,846
Litigation and other non-routine legal expenses $ — $ (1,831)
Loss on extinguishment of debt, net — (1,197)
Transaction expenses (33) (32)
$ (33) $ (3,060)
$ (0.00) $ (0.01)
Straight-line rental income, net (1) $ 4,739 $ 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Straight-line ground rent expense, net (2) 8 (46)
$ 0.240 $ 0.215
$ 71,877 $ 63,843
49.4 % 48.9 %
(1) Includes straight-line rental income reversals and re-establishments associated with the conversion of tenants between the cash and accrual bases of accounting of (0.1 million) and (1.6 million) during the three months ended March 31, 2022 and 2021, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

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SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/22 3/31/21 Change
Same Property NOI Analysis
Number of properties 360 360 —
Percent billed 88.5 % 87.7 % 0.8 %
Percent leased 92.0 % 90.8 % 1.2 %
Revenues
Base rent $ 201,784 $ 194,191
Expense reimbursements 61,867 60,463
Revenues deemed uncollectible 2,103 (4,096)
Ancillary and other rental income / Other revenues 5,622 4,485
Percentage rents 3,259 2,003
274,635 257,046 6.8 %
Operating expenses
Operating costs (32,895) (29,553)
Real estate taxes (39,334) (40,782)
(72,229) (70,335) 2.7 %
Same property NOI $ 202,406 $ 186,711 8.4 %
NOI margin 73.7 % 72.6 %
Expense recovery ratio 85.7 % 86.0 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements $ 5,260 2.8 %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements 2,333 1.3 %
Revenues deemed uncollectible 6,199 3.3 %
Net expense reimbursements (490) (0.3) %
Ancillary and other rental income / Other revenues 1,137 0.6 %
Percentage rents 1,256 0.7 %
8.4 %
Reconciliation of Net Income to Same Property NOI
Same property NOI $ 202,406 $ 186,711
Adjustments:
Non-same property NOI 11,866 14,168
Lease termination fees 1,130 1,384
Straight-line rental income, net 4,739 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Straight-line ground rent expense, net 8 (46)
Depreciation and amortization (84,222) (83,420)
Impairment of real estate assets (4,590) (1,467)
General and administrative (28,000) (24,645)
Total other expense (25,875) (43,570)
Net income $ 79,506 $ 52,371
x
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Document

Exhibit 99.2

cover1qa.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended March 31, 2022
TABLE OF CONTENTS
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Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
Supplemental COVID-19 Disclosure 11
Same Property NOI Analysis 12
Capital Expenditures 13
Capitalization, Liquidity & Debt Ratios 14
Debt Obligations 15
Covenant Disclosure 16
Investment Summary
Acquisitions 18
Dispositions 19
Anchor Space Repositioning Summary 20
Outparcel Development Summary 21
Redevelopment Summary 22
Future Redevelopment Opportunities 24
Portfolio Summary
Portfolio Overview 26
Portfolio Composition 27
Top Forty Retailers Ranked by ABR 28
New & Renewal Lease Summary 29
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 30
Lease Expiration Schedule 31
Major MSA Detail 32
Properties by State 35
Property List 36
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com, follow Brixmor on 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 and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, 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. 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 March 31, 2022
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GLOSSARY OF TERMS
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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.<br><br>A reconciliation of net income to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre 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.
Essential Tenants Businesses deemed necessary for day-to-day living, such as grocery, pharmacy, and general merchandise (discount).
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.
Local Tenants Single-state operators with fewer than 20 locations.
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.<br><br>A reconciliation of net income to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations, including franchise locations; state agencies and government offices.
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.<br><br>A reconciliation of NOI to net income is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) 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 Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the 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 Tenants Also 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.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads. Supplemental Disclosure - Three Months Ended March 31, 2022 Page 1
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GLOSSARY OF TERMS
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Term Definition
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of Same Property NOI to net income is provided on page 12. Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months<br>Ended 3/31/22
Total properties in Brixmor Property Group portfolio 380
Acquired properties excluded from Same Property NOI (9)
Additional exclusions (11)
Same Property NOI pool 360
In addition, three outparcels acquired in 2022 and 2021 are excluded from the Same Property NOI pool for the three months ended March 31, 2022 and 2021. 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 March 31, 2022 and 2021 include ten properties that were subject to partial dispositions in 2022 and 2021 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<br><br>• 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 FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its 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 March 31, 2022 Page 2
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RESULTS OVERVIEW & GUIDANCE
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Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Summary Financial Results 3/31/22 3/31/21
Total revenues (page 6) 298,629 279,746
Net income (page 6) 79,506 52,371
Net income per diluted share (page 6) 0.26 0.18
NOI (page 10) 214,272 200,879
Adjusted EBITDA (page 7) 194,461 183,642
Cash Adjusted EBITDA (page 7) 187,670 180,432
Nareit FFO (page 8) 145,375 130,529
Nareit FFO per diluted share (page 8) 0.49 0.44
Items that impact FFO comparability, net per share (page 8) (0.00) (0.01)
Dividends declared per share (page 8) 0.240 0.215
Dividend payout ratio (as % of Nareit FFO) (page 8) 49.4 48.9
Three Months Ended
Summary Operating and Financial Ratios 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21
NOI margin (page 10) 73.7 72.3 74.2 74.3 73.0
Same property NOI performance (page 12) (1) 8.4 9.7 14.5 13.9 (1.5)
Fixed charge coverage, current quarter annualized (page 14) 4.1x 3.9x 3.9x 3.8x 3.7x
Fixed charge coverage, trailing twelve months (page 14) 4.0x 3.9x 3.7x 3.5x 3.4x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 14) (2) 6.4x 6.5x 6.2x 6.3x 6.5x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 14) (2) 6.5x 6.5x 6.4x 6.7x 7.0x
Outstanding Classes of Stock As of 3/31/22 As of 12/31/21 As of 9/30/21 As of 6/30/21 As of 3/31/21
Common shares outstanding (page 14) 299,488 297,210 296,988 296,978 296,946
Three Months Ended
Summary Acquisitions and Dispositions 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21
Aggregate purchase price of acquisitions (page 18) 159,475 191,870 — 63,950 3,620
Aggregate sale price of dispositions (page 19) 60,930 116,165 25,532 69,429 33,167
NOI adjustment for acquisitions and dispositions, net (3) (323)
Summary Portfolio Statistics (4) As of 3/31/22 As of 12/31/21 As of 9/30/21 As of 6/30/21 As of 3/31/21
Number of properties (page 26) 380 382 386 389 389
Percent billed (page 26) 88.6 88.7 88.2 88.1 87.8
Percent leased (page 26) 92.1 92.0 91.5 91.1 90.8
ABR PSF (page 26) 15.64 15.42 15.25 15.12 15.05
New lease rent spread (page 29) 35.9 41.7 26.3 19.8 20.3
New & renewal lease rent spread (page 29) 18.1 14.5 12.3 10.7 7.0
Total - new, renewal & option lease rent spread (page 29) 13.1 12.8 10.7 10.0 6.7
Total - new, renewal & option GLA (page 29) 2,307,147 2,866,093 2,770,003 2,275,255 2,130,048
2022 Guidance Current Previous(at 2/7/2022) YTD
Nareit FFO per diluted share 1.88 - 1.95 1.86 - 1.95 0.49
Same property NOI performance 3.0% - 4.5% 2.0% - 4.0% 8.4%
(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 for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended March 31, 2022
CONSOLIDATED BALANCE SHEETS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
3/31/22 12/31/21
Assets
Real estate
$ 1,807,111 $ 1,773,448
8,111,446 8,009,320
109,512 101,422
544,836 544,224
10,572,905 10,428,414
(2,847,814) (2,813,329)
Real estate, net 7,725,091 7,615,085
Cash and cash equivalents 31,567 296,632
Restricted cash 8,817 1,111
Marketable securities 19,315 20,224
Receivables, net 239,856 234,873
Deferred charges and prepaid expenses, net 144,401 143,503
Real estate assets held for sale 24,398 16,131
Other assets 52,732 49,834
Total assets $ 8,246,177 $ 8,377,393
Liabilities
Debt obligations, net $ 5,010,568 $ 5,164,518
Accounts payable, accrued expenses and other liabilities 461,951 494,529
Total liabilities 5,472,519 5,659,047
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
2,995 2,972
Additional paid-in capital 3,269,719 3,231,732
Accumulated other comprehensive loss (1,722) (12,674)
Distributions in excess of net income (497,334) (503,684)
Total equity 2,773,658 2,718,346
Total liabilities and equity $ 8,246,177 $ 8,377,393

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/22 3/31/21
Revenues
Rental income $ 298,362 $ 276,461
Other revenues 267 3,285
Total revenues 298,629 279,746
Operating expenses
Operating costs 34,796 31,385
Real estate taxes 41,640 42,888
Depreciation and amortization 84,222 83,420
Impairment of real estate assets 4,590 1,467
General and administrative 28,000 24,645
Total operating expenses 193,248 183,805
Other income (expense)
Dividends and interest 75 87
Interest expense (47,322) (48,994)
Gain on sale of real estate assets 21,911 5,764
Loss on extinguishment of debt, net — (1,197)
Other (539) 770
Total other expense (25,875) (43,570)
Net income $ 79,506 $ 52,371
Net income per common share:
Basic $ 0.27 $ 0.18
Diluted $ 0.26 $ 0.18
Weighted average shares:
Basic 298,528 297,110
Diluted 299,457 297,846
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 6
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EBITDA
--- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/22 3/31/21
$ 79,506 $ 52,371
Interest expense 47,322 48,994
Federal and state taxes 699 94
Depreciation and amortization 84,222 83,420
211,749 184,879
Gain on sale of real estate assets (21,911) (5,764)
Impairment of real estate assets 4,590 1,467
$ 194,428 $ 180,582
$ 194,428 $ 180,582
Litigation and other non-routine legal expenses — 1,831
Loss on extinguishment of debt, net — 1,197
Transaction expenses 33 32
Total adjustments 33 3,060
$ 194,461 $ 183,642
$ 194,461 $ 183,642
Straight-line rental income, net (1) (4,739) (2,272)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,044) (984)
Straight-line ground rent expense, net (2) (8) 46
Total adjustments (6,791) (3,210)
$ 187,670 $ 180,432
(1) Includes straight-line rental income reversals and re-establishments associated with the conversion of tenants between the cash and accrual bases of accounting of 0.1 million and 1.6 million during the three months ended March 31, 2022 and 2021, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 7
FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/22 3/31/21
$ 79,506 $ 52,371
Depreciation and amortization related to real estate 83,190 82,455
Gain on sale of real estate assets (21,911) (5,764)
Impairment of real estate assets 4,590 1,467
$ 145,375 $ 130,529
$ 0.49 $ 0.44
299,457 297,846
Litigation and other non-routine legal expenses $ — $ (1,831)
Loss on extinguishment of debt, net — (1,197)
Transaction expenses (33) (32)
$ (33) $ (3,060)
$ (0.00) $ (0.01)
Straight-line rental income, net (1) $ 4,739 $ 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Straight-line ground rent expense, net (2) 8 (46)
$ 0.240 $ 0.215
$ 71,877 $ 63,843
49.4 % 48.9 %
(1) Includes straight-line rental income reversals and re-establishments associated with the conversion of tenants between the cash and accrual bases of accounting of (0.1 million) and (1.6 million) during the three months ended March 31, 2022 and 2021, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 8
SUPPLEMENTAL BALANCE SHEET DETAIL
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
3/31/22 12/31/21
Receivables, net
Straight-line rent receivable, net $ 143,484 $ 139,486
Tenant receivables, net 88,558 88,242
Other 7,814 7,145
Total receivables, net $ 239,856 $ 234,873
Deferred charges and prepaid expenses, net
Deferred charges, net $ 122,876 $ 120,831
Prepaid expenses, net 21,525 22,672
Total deferred charges and prepaid expenses, net $ 144,401 $ 143,503
Other assets
Right-of-use asset $ 28,374 $ 29,325
Furniture, fixtures and leasehold improvements, net 15,367 16,129
Other 8,991 4,380
Total other assets $ 52,732 $ 49,834
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 223,741 $ 252,912
Below market leases, net 88,753 80,942
Dividends payable 74,481 74,420
Lease liability 32,663 33,713
Interest rate swaps 1,304 12,585
Other 41,009 39,957
Total accounts payable, accrued expenses and other liabilities $ 461,951 $ 494,529
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/22 3/31/21
Base rent $ 213,879 $ 205,587
Expense reimbursements 65,626 63,861
Revenues deemed uncollectible 2,038 (4,337)
Ancillary and other rental income / Other revenues 5,733 7,663
Percentage rents 3,440 2,332
Operating costs (34,804) (31,339)
Real estate taxes (41,640) (42,888)
$ 214,272 $ 200,879
NOI margin (NOI / revenues) 73.7 % 73.0 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 85.8 % 86.0 %
$ 214,272 $ 200,879
Lease termination fees 1,130 1,384
Straight-line rental income, net (1) 4,739 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Straight-line ground rent expense, net (2) 8 (46)
Depreciation and amortization (84,222) (83,420)
Impairment of real estate assets (4,590) (1,467)
General and administrative (28,000) (24,645)
Total other expense (25,875) (43,570)
$ 79,506 $ 52,371
Base rent $ 213,879 $ 205,587
Expense reimbursements 65,626 63,861
Revenues deemed uncollectible 2,038 (4,337)
Lease termination fees 1,130 1,384
Straight-line rental income, net (1) 4,739 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Ancillary and other rental income 5,466 4,378
Percentage rents 3,440 2,332
Total rental income $ 298,362 $ 276,461
$ 267 $ 3,285
Note interest $ 42,908 $ 43,597
Unsecured credit facility and term loan interest 4,041 5,172
Capitalized interest (677) (931)
Deferred financing cost amortization 1,766 1,881
Debt premium and discount accretion, net (716) (725)
Total interest expense $ 47,322 $ 48,994
Federal and state taxes $ 699 $ 94
Other (160) (864)
Total other $ 539 $ (770)
$ 4,216 $ 3,753
1,529 437
1,872 1,106
4,315 2,592
(1) Includes straight-line rental income reversals and re-establishments associated with the conversion of tenants between the cash and accrual bases of accounting of (0.1 million) and (1.6 million) during the three months ended March 31, 2022 and 2021, respectively.
(2) Straight-line ground rent expense, net 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.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 10
SUPPLEMENTAL COVID-19 DISCLOSURE
---
Unaudited, dollars in thousands
Revenues Deemed Uncollectible Information - Three Months Ended 3/31/22
--- --- --- --- --- --- --- --- --- --- --- --- ---
Revenues deemed uncollectible - base rent (1)(2) $ (3,691)
4,975
3,003
540
(2,789)
Revenues deemed uncollectible (page 10) $ 2,038
Reserve Information (5) Twenty-One Months<br>Ended 12/31/21 Three Months<br>Ended 3/31/22 Twenty-Four Months<br>Ended 3/31/22
Reserves on uncollected base rent
Accrued but uncollected base rent $ 41,680 $ 6,608 $ 48,288
38,812 93.1 % 3,691 55.9 % 42,503 88.0 %
Reserves on uncollected and unaddressed (under negotiation) base rent
Accrued but uncollected and unaddressed (under negotiation) base rent $ 27,132 $ 6,445 $ 33,577
25,310 93.3 % 3,570 55.4 % 28,880 86.0 %
Reserves on deferred base rent
Rent deferrals, net (not lease modifications) adjusted for out-of-period activity $ 14,548 $ 163 $ 14,711
13,502 92.8 % 121 74.2 % 13,623 92.6 %
(1) Represents revenues deemed uncollectible recognized on three months ended March 31, 2022 base rent billings.
(2) Includes 3.6 million of revenues deemed uncollectible related to certain tenants on the cash basis of accounting.
(3) Includes 1.8 million and 3.2 million of out-of-period cash received on rent deferrals (not lease modifications) and unaddressed (under negotiation) revenues deemed uncollectible, respectively.
(4) Includes 0.6 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).
(5) Amounts are as of March 31, 2022 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to March 31, 2022.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 11
SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/22 3/31/21 Change
Same Property NOI Analysis
Number of properties 360 360 —
Percent billed 88.5 % 87.7 % 0.8 %
Percent leased 92.0 % 90.8 % 1.2 %
Revenues
Base rent $ 201,784 $ 194,191
Expense reimbursements 61,867 60,463
Revenues deemed uncollectible 2,103 (4,096)
Ancillary and other rental income / Other revenues 5,622 4,485
Percentage rents 3,259 2,003
274,635 257,046 6.8 %
Operating expenses
Operating costs (32,895) (29,553)
Real estate taxes (39,334) (40,782)
(72,229) (70,335) 2.7 %
Same property NOI $ 202,406 $ 186,711 8.4 %
NOI margin 73.7 % 72.6 %
Expense recovery ratio 85.7 % 86.0 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements $ 5,260 2.8 %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements 2,333 1.3 %
Revenues deemed uncollectible 6,199 3.3 %
Net expense reimbursements (490) (0.3) %
Ancillary and other rental income / Other revenues 1,137 0.6 %
Percentage rents 1,256 0.7 %
8.4 %
Reconciliation of Net Income to Same Property NOI
Same property NOI $ 202,406 $ 186,711
Adjustments:
Non-same property NOI 11,866 14,168
Lease termination fees 1,130 1,384
Straight-line rental income, net 4,739 2,272
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,044 984
Straight-line ground rent expense, net 8 (46)
Depreciation and amortization (84,222) (83,420)
Impairment of real estate assets (4,590) (1,467)
General and administrative (28,000) (24,645)
Total other expense (25,875) (43,570)
Net income $ 79,506 $ 52,371
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 12
--- ---
CAPITAL EXPENDITURES
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/22 3/31/21
Leasing related:
Tenant improvements and tenant inducements $ 17,269 $ 12,918
External leasing commissions 3,497 2,294
20,766 15,212
Maintenance capital expenditures 11,057 5,999
Total leasing related and maintenance capital expenditures $ 31,823 $ 21,211
Value-enhancing:
Anchor space repositionings $ 6,502 $ 13,260
Outparcel developments 1,322 1,401
Redevelopments 20,666 23,745
New development 235 214
Other (1) 5,995 879
Total value-enhancing capital expenditures $ 34,720 $ 39,499
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar array installations. Supplemental Disclosure - Three Months Ended March 31, 2022 Page 13
--- ---
CAPITALIZATION, LIQUIDITY & DEBT RATIOS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars and shares in thousands except per share amounts
As of As of
3/31/22 12/31/21
Common shares outstanding 299,488 297,210
Common share price $ 25.81 $ 25.41
$ 7,729,785 $ 7,552,106
Revolving credit facility $ 95,000 $ —
Term loans 300,000 300,000
Unsecured notes 4,618,453 4,868,453
5,013,453 5,168,453
25,935 26,651
(28,820) (30,586)
5,010,568 5,164,518
(40,384) (297,743)
$ 4,970,184 $ 4,866,775
$ 12,699,969 $ 12,418,881
Cash and cash equivalents and restricted cash $ 40,384 $ 297,743
Available under revolving credit facility (1) 1,154,475 1,249,252
$ 1,194,859 $ 1,546,995
Principal debt to total market capitalization 39.5 % 41.6 %
Principal debt to total assets, before depreciation 45.2 % 46.2 %
Unencumbered assets to unsecured debt 2.2x 2.2x
Net principal debt to Adjusted EBITDA, current quarter annualized (2) 6.4x 6.5x
Net principal debt to Adjusted EBITDA, trailing twelve months (2) 6.5x 6.5x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.1x 3.9x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.0x 3.9x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.1x 3.9x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.0x 3.9x
As of As of
3/31/22 12/31/21
Percentage of total debt: (3)
Fixed 98.1 % 95.2 %
Variable 1.9 % 4.8 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 5.5 5.8
Variable 0.9 0.1
Total 5.4 5.5
Fitch Ratings BBB Stable
Moody's Investors Service Baa3 Stable
Standard & Poor's Ratings Services BBB- Positive
(1) Funds available under the revolving credit facility are reduced by three outstanding letters of credit totaling 0.5 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 May 2, 2022.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 14
DEBT OBLIGATIONS
--- --- --- --- --- ---
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2022 $ — —
2023 95,000 1.55 %
2024 800,000 3.73 %
2025 700,000 3.85 %
2026 607,542 4.17 %
2027 400,000 3.90 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
Total Debt Obligations $ 5,013,453 3.66 %
Net unamortized premium 25,935
Deferred financing costs (28,820)
Debt Obligations, Net $ 5,010,568
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Unsecured Credit Facility
Term Loan Facility - $300,000 (2) $ 300,000 3.86 % 7/26/24 5.98 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes 500,000 3.65 % 6/15/24 9.98 %
3.85% 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 13.96 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 11.97 %
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.12 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.01 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.98 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.04 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.11 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 6.98 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 14.96 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.06 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 15.96 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 9.98 %
Total Fixed Rate Unsecured Notes 4,618,453 3.69 % 92.12 %
Total Fixed Rate Debt $ 4,918,453 3.70 % 98.10 %
Revolving Credit Facility (LIBOR + 110 basis points) $ 95,000 1.55 % 2/28/23 1.90 %
Total Variable Rate Debt $ 95,000 1.55 % 1.90 %
Total Debt Obligations $ 5,013,453 3.66 % 100.00 %
Net unamortized premium 25,935
Deferred financing costs (28,820)
Debt Obligations, Net $ 5,010,568
(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.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 15
COVENANT DISCLOSURE
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 3/31/22
I. Aggregate debt test < 65% 46.3 %
Total Debt 5,010,568
Total Assets 10,825,761
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 10,825,761
III. Unencumbered asset ratio > 150% 216.1 %
Total Unencumbered Assets 10,825,761
Unsecured Debt 5,010,568
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 3.9 x 4.1 x
Consolidated EBITDA 763,908 761,420
Annual Debt Service Charge 193,827 187,111
(1) The Company had no secured debt as of March 31, 2022.
(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
Covenants 3/31/22
I. Leverage ratio < 60% 38.0 %
Total Outstanding Indebtedness 5,013,453
Balance Sheet Cash (1) 39,870
Total Asset Value 13,096,026
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 39,870
Total Asset Value 13,096,026
III. Unsecured leverage ratio < 60% 38.0 %
Total Unsecured Indebtedness 5,013,453
Unrestricted Cash (3) 31,053
Unencumbered Asset Value 13,096,026
IV. Fixed charge coverage ratio > 1.5x 4.3 x
Total Net Operating Income 850,683
Capital Expenditure Reserve 10,081
Fixed Charges 193,566
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of March 31, 2022.
(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 March 31, 2022 Page 16
--- ---
> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2022
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, 2022
Brea Gateway Los Angeles-Long Beach-Anaheim, CA 1/7/22 $ 85,650 181,819 95.8 % $ 25.08 Ralphs (Kroger), Cost Plus World Market, HomeGoods, Rite Aid
Land at Cobblestone Village Jacksonville, FL 1/10/22 1,625 1.2 acres - - -
Arboretum Village Dallas-Fort Worth-Arlington, TX 1/21/22 46,200 95,354 97.4 % 26.42 Tom Thumb (Albertsons), Ace Hardware, PetSmart
Ravinia Plaza Chicago-Naperville-Elgin, IL-IN-WI 2/24/22 26,000 101,800 81.1 % 17.79 Whole Foods Market
$ 159,475 378,973 / 1.2 acres
TOTAL - THREE MONTHS ENDED MARCH 31, 2022 $ 159,475 378,973 / 1.2 acres
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 18
--- ---
DISPOSITIONS
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name MSA Sale Date Sale Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2022
Conyers Plaza Atlanta-Sandy Springs-Alpharetta, GA 2/1/22 $ 25,550 171,374 97.4 % $ 13.79 JOANN, PetSmart, Value Village
New Garden Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2/18/22 8,800 147,370 95.7 % 8.28 Big Lots, Ollie's Bargain Outlet, Planet Fitness
Hub Shopping Center Kansas City, MO-KS 2/25/22 10,000 160,423 100.0 % 6.48 Price Chopper, Dollar Tree, Oak Street Health
Westgate Dublin, GA 3/18/22 7,200 104,794 93.2 % 6.93 Big Lots, Citi Trends, Planet Fitness
East Ridge Crossing Chattanooga, TN-GA 3/28/22 7,380 58,950 93.9 % 10.64 Food Lion (Ahold Delhaize)
Superior Marketplace - Panda Express (4) Boulder, CO 3/29/22 2,000 2,500 100.0 % 39.93 Panda Express
$ 60,930 645,411
TOTAL - THREE MONTHS ENDED MARCH 31, 2022 $ 60,930 645,411
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold.
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 19
--- ---

.

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 March 31, 2022
1 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
2 Redford Plaza Detroit-Warren-Dearborn, MI Relocate and rightsize existing Burlington Stores to 30K SF and remerchandise the vacated space with junior anchors
3 Preston Ridge Dallas-Fort Worth-Arlington, TX Combine former Tuesday Morning and adjacent small shop space for a 14K SF pOpshelf
In Process Projects
4 Lompoc Center Santa Maria-Santa Barbara, CA Remerchandise former grocer with a 21K SF ALDI, a 15K SF Boot Barn and an additional junior anchor
5 Aurora Plaza Denver-Aurora-Lakewood, CO Combine former Gen-X and Techno Rescue for a 48K SF Chuze Fitness
6 Stone Mountain Festival Atlanta-Sandy Springs-Alpharetta, GA Remerchandise former Hobby Lobby with a 35K SF Conn’s Home Plus and a 17K SF Harbor Freight Tools
7 Columbus Center Columbus, IN Remerchandise former Big Lots with a 21K SF Burlington Stores and additional small shop space
8 Seacoast Shopping Center Boston-Cambridge-Newton, MA-NH Remerchandise former NH1 Motorsports with a 25K SF The Zoo Health Club and an additional retailer
9 Hampton Village Centre Detroit-Warren-Dearborn, MI Remerchandise former Best Buy with a 41K SF grocer and a 5K SF My Salon Suites
10 Hamilton Plaza Trenton-Princeton, NJ Remerchandise former Kmart with a 21K SF Grocery Outlet, a 16K SF Rothman Orthopaedic Institute, a 10K SF Dollar Tree and additional retailers
11 Cayuga Mall Ithaca, NY Remerchandise former Rite Aid and Party City with a 22K SF ALDI, an 18K SF medical use and additional small shop space
12 Parkway Plaza New York-Newark-Jersey City, NY-NJ-PA Combine former Minado Restaurant and Stew Leonard's Wine & Spirits for a 21K SF ALDI
13 Suffolk Plaza New York-Newark-Jersey City, NY-NJ-PA Remerchandise former A&P with a 43K SF grocer and a 14K SF Five Below
14 Garner Towne Square Raleigh-Cary, NC Remerchandise former grocer with a 30K SF Lidl, a 15K SF Harbor Freight Tools, and a 3K SF Eggs Up Grill
15 Florence Plaza - Florence Square - Project I Cincinnati, OH-KY-IN Rightsize existing T.J.Maxx / HomeGoods combo store to 48K SF to accommodate a 19K SF Sierra Trading Post and additional retailers
16 Collegetown Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former Staples with a 10K SF Five Below and additional small shop space
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 16 $ 73,650 $ 39,000 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended March 31, 2022
1 Springdale - Phase III Mobile, AL Remerchandise 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
2 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Combine several small shop spaces for a 14K SF La-Z-Boy Furniture
3 College Plaza New York-Newark-Jersey City, NY-NJ-PA Remerchandise former Bob’s Stores with a 31K SF Wren Kitchens
Number of Projects Net Project <br>Costs (1) NOI Yield (1)
Total Stabilized 3 $ 12,900 10 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 20
--- ---
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)
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2022
Highland Village Town Center Dallas-Fort Worth-Arlington, TX Construction of a 3K SF HTeaO Sep-22 $ 600 $ 50 14 %
In Process Projects
Rose Pavilion San Francisco-Oakland-Berkeley, CA Construction of a 2K SF Taco Bell Sep-22 350 200 16 %
Market Centre Elkhart-Goshen, IN Construction of a 10K SF multi-tenant outparcel, including a 5K SF Panera, a 2K SF GNC and a 1K SF Cricket Wireless Sep-22 3,050 2,650 9 %
The Commons at Wolfcreek - Project II Memphis, TN-MS-AR Construction of a 2K SF Whataburger Sep-22 300 100 61 %
Plaza by the Sea Los Angeles-Long Beach-Anaheim, CA Construction of a 4K SF multi-tenant outparcel, including a 2K SF Plant Power Fast Food and a 2K SF Handel's Homemade Ice Cream Dec-22 2,900 2,150 7 %
Marketplace at Wycliffe (2) Miami-Fort Lauderdale-Pompano Beach, FL Construction of a 2K SF KFC Dec-22 250 200 44 %
Westgate Plaza Springfield, MA Construction of a 20K SF ALDI and 2K SF Popeyes Dec-22 2,500 1,300 9 %
Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 5K SF multi-tenant outparcel, including a 3K SF Shake Shack Dec-22 3,100 2,700 14 %
Delhi Shopping Center Cincinnati, OH-KY-IN Construction of a 1K SF Take 5 Oil Change Dec-22 50 50 84 %
Bethel Park Shopping Center Pittsburgh, PA Construction of a 2K SF Popeyes Mar-23 550 50 15 %
Plaza Rio Vista Riverside-San Bernardino-Ontario, CA Construction of a 4K SF Quick Quack Car Wash Jun-23 750 150 16 %
Capitol Shopping Center Concord, NH Construction of a 6K SF 110 Grill, a 5K SF multi-tenant building and a 2K SF drive thru Jun-23 5,000 600 9 %
Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center) Sep-23 4,750 1,750 9 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 24,150 $ 11,950 11 %
(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).
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.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 21
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 March 31, 2022
1 WaterTower Plaza Worcester, MA-CT Redevelopment of former Shaw's with a 46K SF grocer and additional retailers; and shopping center upgrades including the addition of patio areas, façade renovations and parking enhancements 27 Dec-23 $ 11,200 $ 500 9 %
2 Hillcrest Market Place Spartanburg, SC Redevelopment of former Stein Mart with a 25K SF Ross Dress for Less (relocated and rightsized within center) and an 11K SF Five Below; combine former Ross Dress for Less and Office Depot to accommodate a 55K SF Hobby Lobby and additional retail space; remerchandise existing outparcel buildings; construction of multiple outparcel buildings; and shopping center upgrades including landscaping and signage enhancements 38 Mar-24 9,800 1,150 7 %
3 The Village at Mableton Atlanta-Sandy Springs-Alpharetta, GA Redevelopment of former Kmart with a 22K SF Ross Dress for Less, a 20K SF dd's Discounts, and additional retailers; Construction of a 1K SF outparcel building with drive-thru; shopping center upgrades including façade renovations and landscaping and signage enhancements 24 Sep-24 16,250 700 9 %
4 Preston Park Village Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a multi-tenant outparcel building; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Jun-25 27,800 1,300 8 %
In Process Projects
5 Tinley Park Plaza (2) Chicago-Naperville-Elgin, IL-IN-WI Demolish 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 irrigation 22 Jun-22 17,400 15,200 15 %
6 Wynnewood Village - Phase III Dallas-Fort Worth-Arlington, TX Relocation 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 enhancements 65 Jun-22 7,450 5,500 6 %
7 Gateway Plaza - Vallejo Vallejo, CA Redevelopment of former Hancock Fabrics with a 13K SF PetSmart; remerchandising small shop space; and shopping center upgrades including façade renovations 53 Sep-22 5,100 1,400 8 %
8 Venice Village North Port-Sarasota-Bradenton, FL Demolish 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 lighting 18 Sep-22 9,500 8,550 10 %
9 Braes Heights Houston-The Woodlands-Sugar Land, TX Expansion 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 landscaping 6 Sep-22 8,650 6,700 8 %
10 Vail Ranch Center Riverside-San Bernardino-Ontario, CA Redevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken and additional retailers; remerchandise additional small shop space with relevant retailers including a 7K SF My Salon Suite; and shopping center upgrades including façade renovations, parking, and roof repairs 10 Dec-22 8,750 1,650 9 %
11 Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Demolish 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 improvements 16 Dec-22 6,900 500 9 %
12 Speedway Super Center - Phase II Indianapolis-Carmel-Anderson, IN Redevelopment 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 enhancements 66 Dec-22 7,700 5,950 10 %
13 Fox Run Washington-Arlington-Alexandria, DC-VA-MD-WV Redevelopment 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 enhancements 30 Dec-22 21,400 15,400 8 %
14 Laurel Square New York-Newark-Jersey City, NY-NJ-PA Redevelopment 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 upgrades 31 Dec-22 12,550 5,600 10 %
15 Old Bridge Gateway New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Modell's Sporting Goods and adjacent retail space with a 39K SF grocer; lease-up of additional small shop space; and shopping center upgrades, including façade renovations, landscaping and parking reconfiguration 23 Dec-22 10,600 9,250 7 %
16 Jester Village Houston-The Woodlands-Sugar Land, TX Recapture 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 renovations 5 Dec-22 9,400 8,800 9 %
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 22
--- ---
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)
Village at Mira Mesa - Phase II (3) San Diego-Chula Vista-Carlsbad, CA Raze 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 space 36 Mar-23 12,600 11,450 7 %
Jones Plaza Houston-The Woodlands-Sugar Land, TX Relocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Meat Market grocer; and shopping center upgrades including façade renovations 9 Mar-23 2,150 1,250 15 %
Dickson City Crossings Scranton--Wilkes-Barre, PA Remerchandise 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 seating 29 Jun-23 8,350 3,050 10 %
Westminster City Center Denver-Aurora-Lakewood, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies"R"Us location; backfill of former Golf Galaxy with 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 & Reel 27 Sep-23 12,200 6,350 9 %
Marco Town Center Naples-Marco Island, FL Remerchandise 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 areas 10 Sep-23 11,500 8,650 10 %
Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise 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 plazas 17 Dec-23 36,600 24,300 8 %
Wynnewood Village - Phase IV Dallas-Fort Worth-Arlington, TX Ground-up construction of a large-format retail use 65 Dec-23 6,500 1,250 9 %
East Port Plaza Port St. Lucie, FL Construction of a 3K SF Starbucks outparcel; remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and parking updates, point of entry and signage improvements, and common area enhancements including improved pedestrian walkways 32 Mar-24 7,150 3,050 8 %
Shops at Palm Lakes Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment 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 lighting 27 Sep-24 33,550 18,550 7 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 321,050 $ 166,050 9 %
Property Stabilization Net Project NOI
Property Name MSA Project Description Acreage Quarter Costs (1,4) Yield (1,4)
Projects Stabilized During The Three Months Ended March 31, 2022
Stewart Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment and rightsize of existing Burlington Stores to 65K 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 enhancements 13 Mar-22 $ 15,150 10 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 15,150 10 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) 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.
(3) Net project costs exclude 1.5M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 23
FUTURE REDEVELOPMENT OPPORTUNITIES
--- --- --- --- ---
Property Name MSA Project Description
MAJOR REDEVELOPMENTS
1 University Mall Sacramento--Roseville--Arden-Arcade, CA Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
2 Village at Mira Mesa - Phase III San Diego-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
3 Superior Marketplace Boulder, CO Redevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family
4 Mall at 163rd Street Miami-Fort Lauderdale-West Palm Beach, FL Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
5 Pointe Orlando - Phase II Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
6 Northeast Plaza Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center including potential residential component
7 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space to create entertainment / restaurant destination
8 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
9 Kings Park Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
10 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
11 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
12 Plymouth Square Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and remerchandising of shopping center
13 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
14 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
15 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Springdale - Phase IV Mobile, AL Densification of site, including a multi-tenant outparcel development
2 Brea Gateway (1) Los Angeles-Long Beach-Anaheim, CA Reposition of former anchor which may include site densification with addition of outparcel pad development
3 Center of Bonita Springs Cape Coral-Fort Myers, FL Redevelopment of existing anchor space for multiple retailers, densification of site
4 Sunrise Town Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment and repositioning of shopping center
5 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
6 Granada Shoppes Naples-Marco Island, FL Redevelopment of existing anchor space for multiple retailers
7 Coastal Way Tampa-St. Petersburg-Clearwater, FL Redevelopment of existing anchor space for multiple retailers
8 Kings Market Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
9 Mansell Crossing I Atlanta-Sandy Springs-Roswell, GA Densification of site, including multi-tenant outparcel development
10 Northside Dalton, GA Reposition of former anchor which may include site densification with addition of outparcel pad development
11 Arborland Center Ann Arbor, MI Redevelopment and repositioning of shopping center, densification of site
12 Delta Center Lansing-East Lansing, MI Redevelopment of existing anchor space for multiple retailers
13 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
14 Parkway Plaza (1) Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
15 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Remerchandise with relevant uses, façade renovation and enhancement of common areas
16 Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA Reposition of former anchor outparcel and peripheral façade renovation
17 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
18 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
19 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
20 Circle Center Hilton Head Island-Bluffton, SC Redevelopment and repositioning of shopping center
21 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
(1) Represents projects added to the pipeline in the quarter ended March 31, 2022
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 March 31, 2022 Page 24
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> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2022
PORTFOLIO OVERVIEW
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
3/31/22 12/31/21 9/30/21 6/30/21 3/31/21
Number of properties 380 382 386 389 389
GLA 67,203,965 67,452,927 67,712,852 67,982,996 68,278,376
Percent billed 88.6% 88.7% 88.2% 88.1% 87.8%
Percent leased 92.1% 92.0% 91.5% 91.1% 90.8%
TOTAL ≥ 10,000 SF 94.4% 94.4% 94.2% 94.0% 93.8%
TOTAL < 10,000 SF 87.0% 86.7% 85.7% 84.8% 84.2%
ABR $ 910,758 $ 900,623 $ 888,875 $ 880,335 $ 875,388
ABR PSF $ 15.64 $ 15.42 $ 15.25 $ 15.12 $ 15.05
PORTFOLIO BY UNIT SIZE AS OF 3/31/22
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR ABR PSF
≥ 35,000 SF 425 24,167,024 36.0% 93.6% 95.3% $ 218,906 $ 10.76
20,000 - 34,999 SF 510 13,379,458 19.9% 89.5% 94.3% 143,132 11.45
10,000 - 19,999 SF 628 8,587,999 12.8% 88.5% 92.1% 113,947 14.81
5,000 - 9,999 SF 1,121 7,731,389 11.5% 83.0% 88.5% 125,268 19.10
< 5,000 SF 6,279 13,338,095 19.8% 81.8% 86.2% 309,505 27.78
TOTAL 8,963 67,203,965 100.0% 88.6% 92.1% $ 910,758 $ 15.64
TOTAL ≥ 10,000 SF 1,563 46,134,481 68.7% 91.5% 94.4% $ 475,985 $ 11.74
TOTAL < 10,000 SF 7,400 21,069,484 31.3% 82.3% 87.0% 434,773 24.56
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 26
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PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-dc53a3cbb9f04937b99a.jpg](chart-dc53a3cbb9f04937b99a.jpg)     ![chart-19a7876ab64c456690ba.jpg](chart-19a7876ab64c456690ba.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-b8cacfb31b0e44128eca.jpg chart-61d6302f37c14967a30a.jpg

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

chart-9827c1deda044236b6aa.jpg chart-e0c78543f9404d759b4a.jpg

Merchandise Mix ABR Percent of ABR
ESSENTIAL $ 302,998 33 %
Grocery / Pharmacy 141,577 16 %
General Merchandise (Discount / Dollar) 33,287 4 %
Pet 25,714 3 %
Financial services 25,273 3 %
Medical (essential) 23,222 3 %
Home improvement 16,503 1 %
Mail / Shipping and Other services 15,081 1 %
Other Essential 12,627 1 %
Auto 9,714 1 %
OTHER $ 607,760 67 %
Restaurants 137,581 15 %
Other Personal Services 64,958 7 %
Off-Price Apparel 60,815 7 %
Fitness / Sports 49,382 5 %
Value Apparel, Shoes, Accessories 44,805 5 %
Home Décor 44,174 5 %
Other Retail 37,584 4 %
General Merchandise (Department, Gift, etc.) 34,291 4 %
Electronics & Appliance 26,991 3 %
Health & Beauty 26,265 3 %
Other Medical 25,303 3 %
Entertainment 21,016 2 %
Hobby & Crafts 17,260 2 %
Liquor 9,314 1 %
Other Professional Services 8,021 1 %
TOTAL $ 910,758 100 %
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 27
--- ---
TOP FORTY RETAILERS RANKED BY ABR
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA Percent of GLA ABR Percent of ABR ABR PSF
The TJX Companies, Inc. (2) 88 2,646,471 3.9 % $ 31,882 3.5 % $ 12.05
The Kroger Co. (3) 44 2,993,862 4.5 % 22,534 2.5 % 7.53
Burlington Stores, Inc. 33 1,530,790 2.3 % 16,641 1.8 % 10.87
Dollar Tree Stores, Inc. (4) 123 1,428,678 2.1 % 16,065 1.8 % 11.24
Publix Super Markets, Inc. 32 1,430,950 2.1 % 14,552 1.6 % 10.17
Ross Stores, Inc (5) 39 1,022,460 1.5 % 12,868 1.4 % 12.59
L.A Fitness International, LLC 14 566,362 0.8 % 10,944 1.2 % 19.32
Ahold Delhaize (6) 19 1,016,687 1.5 % 10,811 1.2 % 10.63
Albertson's Companies, Inc (7) 14 763,202 1.1 % 9,681 1.1 % 12.68
PetSmart, Inc. 27 594,706 0.9 % 9,457 1.0 % 15.90
433 13,994,168 20.7 % 155,435 17.1 % 11.11
Big Lots, Inc. 34 1,097,269 1.6 % 8,187 0.9 % 7.46
PETCO Animal Supplies, Inc. (8) 34 460,390 0.7 % 8,145 0.9 % 17.69
Five Below, Inc. 44 405,883 0.6 % 7,668 0.8 % 18.89
Ulta Beauty, Inc. 29 326,152 0.5 % 7,547 0.8 % 23.14
Kohl's Corporation 12 914,585 1.4 % 7,217 0.8 % 7.89
Party City Holdco Inc. 30 433,780 0.6 % 6,421 0.7 % 14.80
The Michaels Companies, Inc. 22 496,954 0.7 % 6,289 0.7 % 12.66
Amazon.com, Inc. / Whole Foods Market Services, Inc. 10 335,101 0.5 % 6,097 0.7 % 18.19
Bed Bath & Beyond, Inc. (9) 22 547,175 0.8 % 5,980 0.7 % 10.93
Staples, Inc. 23 476,334 0.7 % 5,932 0.7 % 12.45
693 19,487,791 28.8 % 224,918 24.8 % 11.54
Office Depot, Inc. (10) 22 466,501 0.7 % 5,467 0.6 % 11.72
Best Buy Co., Inc. 10 408,010 0.6 % 5,082 0.6 % 12.46
Hobby Lobby Stores, Inc. 13 699,959 1.0 % 4,961 0.5 % 7.09
CVS Health 15 222,799 0.3 % 4,951 0.5 % 22.22
JOANN Stores, Inc. 21 410,335 0.6 % 4,817 0.5 % 11.74
JP Morgan Chase & Co. 27 96,393 0.1 % 4,518 0.5 % 46.87
Wal-Mart Stores, Inc. (11) 11 1,194,064 1.8 % 4,517 0.5 % 3.78
Gap, Inc. (12) 13 215,422 0.3 % 4,281 0.5 % 19.87
Harbor Freight Tools 24 411,208 0.6 % 4,267 0.5 % 10.38
The Home Depot, Inc. 5 428,868 0.6 % 4,136 0.5 % 9.64
Walgreens Boots Alliance, Inc. 17 224,475 0.3 % 3,749 0.4 % 16.70
Sally Beauty Holdings, Inc. (13) 86 160,551 0.2 % 3,725 0.4 % 23.20
AMC Entertainment 4 200,955 0.3 % 3,579 0.4 % 17.81
Wakefern Food Corporation (14) 5 267,832 0.4 % 3,573 0.4 % 13.34
Bank of America, NA 25 87,063 0.1 % 3,500 0.4 % 40.20
Designer Brands Inc. (DSW) 12 232,077 0.3 % 3,427 0.4 % 14.77
Barnes & Noble, Inc. 9 203,748 0.3 % 3,342 0.4 % 16.40
DICK's Sporting Goods, Inc. (15) 7 233,976 0.3 % 3,308 0.4 % 14.14
Regal Entertainment Group (16) 3 156,549 0.2 % 3,291 0.4 % 21.02
H.E. Butt Grocery Company 2 151,573 0.2 % 3,220 0.4 % 21.24
TOTAL TOP 40 RETAILERS 1,024 25,960,149 38.0 % $ 306,629 34.0 % $ 11.81
(1) Includes only locations which are owned or guaranteed by the parent company. (7) Includes Tom Thumb-3, Vons-3, Acme-2, Albertsons-2, Jewel-Osco-2, (13) Includes Sally Beauty-75, Cosmoprof-10, and Macon Beauty Systems-1.
(2) Includes T.J. Maxx-36, Marshalls-33, HomeGoods-16, Sierra Trading Post-2 and HomeSense-1. Shop & Save Market-1, and Star Market-1. (14) Includes ShopRite-3 and PriceRite-2.
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Food 4 Less-1, Harris Teeter-1 (8) Includes PETCO-33 and Unleashed-1. (15) Includes Golf Galaxy-4 and DICK'S Sporting Goods-3
Pay Less-1, and Pick 'N Save-1. (9) Includes Bed Bath & Beyond-14, buybuy Baby-3, Harmon Face Values-3 (16) Includes Regal Cinemas-2 and United Artist Theatres-1.
(4) Includes Dollar Tree-108, Family Dollar-14, and Deal-1. and Cost Plus World Market (sublease)-2.
(5) Includes Ross Dress for Less-34 and dd's Discounts-5. (10) Includes Office Depot-12 and OfficeMax-10.
(6) Includes Giant Food-6, Super Stop & Shop-6, Food Lion-3, 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.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 28
NEW & RENEWAL LEASE SUMMARY
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 3/31/22 374 2,307,147 $ 35,869 $ 15.55 $ 4.68 $ 1.99 6.4 271 1,775,717 $ 14.63 $ 12.93 13.1 %
Three months ended 12/31/21 467 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 9/30/21 386 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 6/30/21 396 2,275,255 37,423 16.45 4.75 2.06 6.1 304 1,893,136 15.89 14.45 10.0 %
TOTAL - TWELVE MONTHS ENDED 3/31/22 1,623 10,218,498 $ 161,484 $ 15.80 $ 4.11 $ 1.92 6.2 1,211 8,262,898 $ 15.14 $ 13.57 11.6 %
NEW & RENEWAL LEASES ONLY
Three months ended 3/31/22 321 1,390,152 $ 26,046 $ 18.74 $ 7.77 $ 3.31 7.4 218 858,722 $ 18.81 $ 15.93 18.1 %
Three months ended 12/31/21 430 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 9/30/21 332 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 6/30/21 361 1,566,061 30,040 19.18 6.91 2.99 6.5 269 1,183,942 19.17 17.32 10.7 %
TOTAL - TWELVE MONTHS ENDED 3/31/22 1,444 6,797,696 $ 125,154 $ 18.41 $ 6.18 $ 2.89 6.8 1,032 4,842,096 $ 18.34 $ 16.15 13.6 %
NEW LEASES
Three months ended 3/31/22 149 779,954 $ 13,754 $ 17.63 $ 12.46 $ 5.82 9.0 51 285,463 $ 16.28 $ 11.98 35.9 %
Three months ended 12/31/21 175 954,979 19,218 20.12 10.90 6.57 10.0 68 381,973 20.58 14.52 41.7 %
Three months ended 9/30/21 161 745,712 13,001 17.43 9.62 5.28 8.2 60 327,992 18.82 14.90 26.3 %
Three months ended 6/30/21 163 700,175 13,639 19.48 14.44 6.45 9.3 75 328,891 19.93 16.64 19.8 %
TOTAL - TWELVE MONTHS ENDED 3/31/22 648 3,180,820 $ 59,612 $ 18.74 $ 11.76 $ 6.06 9.2 254 1,324,319 $ 19.06 $ 14.59 30.6 %
RENEWAL LEASES
Three months ended 3/31/22 172 610,198 $ 12,292 $ 20.14 $ 1.78 $ 0.10 5.3 167 573,259 $ 20.07 $ 17.90 12.1 %
Three months ended 12/31/21 255 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 9/30/21 171 973,781 15,569 15.99 1.82 0.04 5.3 171 973,781 15.99 14.86 7.6 %
Three months ended 6/30/21 198 865,886 16,401 18.94 0.81 0.20 4.3 194 855,051 18.88 17.59 7.3 %
TOTAL - TWELVE MONTHS ENDED 3/31/22 796 3,616,876 $ 65,542 $ 18.12 $ 1.27 $ 0.11 4.8 778 3,517,777 $ 18.07 $ 16.73 8.0 %
OPTION LEASES
Three months ended 3/31/22 53 916,995 $ 9,823 $ 10.71 $ — $ — 5.0 53 916,995 $ 10.71 $ 10.12 5.8 %
Three months ended 12/31/21 37 744,103 7,425 9.98 — — 4.7 37 744,103 9.98 9.33 7.0 %
Three months ended 9/30/21 54 1,050,510 11,699 11.14 — — 5.0 54 1,050,510 11.14 10.35 7.6 %
Three months ended 6/30/21 35 709,194 7,383 10.41 — — 5.0 35 709,194 10.41 9.64 8.0 %
TOTAL - TWELVE MONTHS ENDED 3/31/22 179 3,420,802 $ 36,330 $ 10.62 $ — $ — 4.9 179 3,420,802 $ 10.62 $ 9.92 7.1 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 3/31/22 Twelve Months Ended 3/31/22
% of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1) % of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases 14 % 1,460,777 63 % 40 % $ 9.77 14.5 % 14 % 6,339,769 62 % 43 % $ 11.00 11.0 %
New & Renewal Leases Only 10 % 670,112 48 % 29 % 11.11 32.5 % 11 % 3,339,002 49 % 35 % 13.06 14.8 %
New Leases 12 % 430,245 55 % 34 % 11.01 60.3 % 11 % 1,566,997 49 % 36 % 13.74 43.2 %
Renewal Leases 8 % 239,867 39 % 22 % 11.27 14.9 % 10 % 1,772,005 49 % 34 % 12.46 4.3 %
Option Leases 38 % 790,665 86 % 70 % 8.65 5.6 % 44 % 3,000,767 88 % 72 % 8.70 6.5 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 86 % 846,370 37 % 60 % $ 25.51 12.1 % 86 % 3,878,729 38 % 57 % $ 23.66 12.2 %
New & Renewal Leases Only 90 % 720,040 52 % 71 % 25.84 13.7 % 89 % 3,458,694 51 % 65 % 23.58 12.9 %
New Leases 88 % 349,709 45 % 66 % 25.78 21.8 % 89 % 1,613,823 51 % 64 % 23.60 22.3 %
Renewal Leases 92 % 370,331 61 % 78 % 25.89 11.5 % 90 % 1,844,871 51 % 66 % 23.55 10.0 %
Option Leases 62 % 126,330 14 % 30 % 23.64 6.7 % 56 % 420,035 12 % 28 % 24.36 8.8 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 29
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Twelve Months Ended Three Months Ended
3/31/22 3/31/22 12/31/21 9/30/21 6/30/21 3/31/21
NEW LEASES
Weighted average over lease term:
Base rent $ 20.10 $ 18.87 $ 21.65 $ 18.53 $ 21.04 $ 18.15
Tenant improvements and allowances (1.53) (1.65) (1.36) (1.35) (1.80) (1.76)
Third party leasing commissions (0.65) (0.63) (0.68) (0.57) (0.70) (0.55)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 17.92 16.59 19.61 16.61 18.54 15.84
Tenant specific landlord work (1) (1.41) (1.57) (1.02) (1.35) (1.83) (1.31)
NET EFFECTIVE RENT $ 16.51 $ 15.02 $ 18.59 $ 15.26 $ 16.71 $ 14.53
Net effective rent before tenant specific landlord work /
base rent 89% 88% 91% 90% 88% 87%
Net effective rent / base rent 82% 80% 86% 82% 79% 80%
Weighted average term (years) 9.2 9.0 10.0 8.2 9.3 8.7
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 35% 31% 44% 29% 30% 32%
< 10,000 SF 65% 69% 56% 71% 70% 68%
As of 3/31/22: Leases GLA ABR ABR PSF
≥ 10,000 SF 65 1,659,223 $ 23,285 $ 14.03
< 10,000 SF 349 1,072,036 28,397 26.49
TOTAL 414 2,731,259 $ 51,682 $ 18.92
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2022 (remaining) 2023 2024+ Total
Projected Lease Commencements $ 37,878 $ 8,140 $ 5,664 $ 51,682
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 410 basis points of total portfolio GLA (51.7M in ABR), 60 basis points (7.7M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2022 Page 30
LEASE EXPIRATION SCHEDULE
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ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 310 914,450 1.5 % 1.5 % $ 15.38 $ 15.38 14 223,011 0.5 % 0.5 % $ 10.91 $ 10.91 296 691,439 3.8 % 2.7 % $ 16.82 $ 16.82
2022 742 3,223,994 5.2 % 5.3 % 14.93 14.94 64 1,540,296 3.5 % 3.0 % 9.20 9.20 678 1,683,698 9.2 % 7.8 % 20.18 20.19
2023 1,184 7,324,065 11.8 % 11.7 % 14.49 14.51 181 4,709,902 10.8 % 10.0 % 10.08 10.09 1,003 2,614,163 14.3 % 13.5 % 22.43 22.48
2024 1,147 8,871,630 14.3 % 12.9 % 13.29 13.44 183 6,357,457 14.7 % 12.8 % 9.55 9.56 964 2,514,173 13.7 % 13.1 % 22.74 23.23
2025 967 7,848,750 12.7 % 12.1 % 14.05 14.27 187 5,631,831 12.9 % 12.5 % 10.60 10.68 780 2,216,919 12.1 % 11.6 % 22.82 23.42
2026 898 7,366,456 11.9 % 12.0 % 14.82 15.17 175 5,277,144 12.1 % 12.0 % 10.85 10.93 723 2,089,312 11.4 % 11.9 % 24.85 25.86
2027 767 7,412,866 12.0 % 11.4 % 13.99 14.68 173 5,568,033 12.8 % 12.7 % 10.85 11.14 594 1,844,833 10.1 % 10.0 % 23.49 25.35
2028 359 3,117,593 5.0 % 5.4 % 15.90 16.92 76 2,214,748 5.1 % 5.3 % 11.49 11.96 283 902,845 4.9 % 5.6 % 26.73 29.09
2029 381 3,926,829 6.3 % 6.5 % 15.04 16.24 105 3,024,728 6.9 % 7.4 % 11.66 12.34 276 902,101 4.9 % 5.5 % 26.38 29.32
2030 287 2,981,411 4.8 % 4.8 % 14.74 15.85 71 2,246,916 5.2 % 5.1 % 10.87 11.34 216 734,495 4.0 % 4.5 % 26.58 29.64
2031 281 2,656,239 4.3 % 4.8 % 16.33 18.07 69 1,916,667 4.4 % 5.2 % 12.83 13.88 212 739,572 4.0 % 4.3 % 25.39 28.93
2032+ 557 6,233,340 10.2 % 11.6 % 16.90 18.77 163 4,833,545 11.1 % 13.5 % 13.25 14.25 394 1,399,795 7.6 % 9.5 % 29.49 34.38
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 310 914,450 1.5 % 1.5 % $ 15.38 $ 15.38 14 223,011 0.5 % 0.5 % $ 10.91 $ 10.91 296 691,439 3.8 % 2.7 % $ 16.82 $ 16.82
2022 636 2,194,186 3.5 % 3.7 % 15.55 15.56 33 773,257 1.8 % 1.3 % 7.93 7.93 603 1,420,929 7.8 % 6.4 % 19.70 19.71
2023 896 3,561,747 5.8 % 6.4 % 16.35 16.38 73 1,566,742 3.6 % 3.0 % 8.98 9.00 823 1,995,005 10.9 % 10.2 % 22.13 22.17
2024 783 2,826,574 4.6 % 5.5 % 17.76 18.13 45 1,114,518 2.6 % 2.5 % 10.71 10.76 738 1,712,056 9.3 % 8.8 % 22.36 22.93
2025 602 2,413,643 3.9 % 4.7 % 17.74 18.21 45 1,031,094 2.4 % 2.3 % 10.80 10.88 557 1,382,549 7.5 % 7.3 % 22.90 23.67
2026 542 2,307,238 3.7 % 4.6 % 17.97 18.75 40 1,019,414 2.3 % 2.2 % 10.24 10.47 502 1,287,824 7.0 % 7.1 % 24.09 25.31
2027 494 2,333,656 3.8 % 4.6 % 17.96 19.35 52 1,130,061 2.6 % 2.7 % 11.39 11.95 442 1,203,595 6.6 % 6.7 % 24.12 26.29
2028 311 1,586,663 2.6 % 3.2 % 18.65 20.28 34 773,056 1.8 % 1.9 % 11.82 12.63 277 813,607 4.4 % 4.7 % 25.14 27.55
2029 302 1,447,100 2.3 % 3.0 % 18.75 20.89 32 630,995 1.4 % 1.6 % 11.70 12.94 270 816,105 4.5 % 4.5 % 24.21 27.05
2030 272 1,749,963 2.8 % 3.0 % 15.45 17.10 40 1,036,624 2.4 % 2.2 % 10.14 10.84 232 713,339 3.9 % 3.8 % 23.17 26.20
2031 275 1,884,696 3.0 % 3.3 % 15.99 18.08 42 1,175,635 2.7 % 2.7 % 11.13 12.16 233 709,061 3.9 % 3.9 % 24.05 27.90
2032+ 2,457 38,657,707 62.5 % 56.5 % 13.30 17.03 1,011 33,069,871 75.9 % 77.1 % 11.09 14.06 1,446 5,587,836 30.4 % 33.9 % 26.35 34.57
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By Count By GLA
Twelve Months Ended 3/31/22 71.4% 81.4%
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 31
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MAJOR MSA DETAIL
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Dollars in thousands, except per square foot amounts
PROPERTIES BY LARGEST US MSAs Percent of
Number of Percent Percent Number of Percent Percent
Largest US MSAs by 2020 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US MSAs by Population 256 44,593,040 87.5 % 91.3 % $ 632,673 $ 16.47 67.3 % 66.3 % 69.4 %
MSAs Ranked 51 - 100 by Population 45 8,300,484 90.3 % 93.5 % 98,195 13.37 11.8 % 12.4 % 10.8 %
Other MSAs 79 14,310,441 90.9 % 93.5 % 179,890 14.41 20.9 % 21.3 % 19.8 %
TOTAL 380 67,203,965 88.6 % 92.1 % $ 910,758 $ 15.64 100.0 % 100.0 % 100.0 %
BRIXMOR LARGEST MSAs BY ABR
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-PA 1 26 3,197,741 86.5 % 94.1 % $ 65,929 $ 22.38 6.8 % 4.8 % 7.2 %
2 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 8 22 4,062,280 88.3 % 91.8 % 64,306 19.92 5.8 % 6.0 % 7.1 %
3 Houston-The Woodlands-Sugar Land, TX 5 28 3,782,290 91.1 % 92.4 % 45,364 13.42 7.4 % 5.6 % 5.0 %
4 Dallas-Fort Worth-Arlington, TX 4 13 2,601,206 86.8 % 90.6 % 43,696 18.72 3.4 % 3.9 % 4.8 %
5 Chicago-Naperville-Elgin, IL-IN-WI 3 15 3,599,685 78.5 % 83.1 % 42,211 14.80 3.9 % 5.4 % 4.6 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,888,045 93.9 % 96.3 % 40,308 24.16 2.9 % 2.8 % 4.4 %
7 Atlanta-Sandy Springs-Alpharetta, GA 9 23 3,534,898 87.6 % 92.2 % 39,131 12.38 6.1 % 5.3 % 4.3 %
8 Tampa-St. Petersburg-Clearwater, FL 18 11 1,778,193 89.1 % 91.2 % 25,699 16.54 2.9 % 2.6 % 2.8 %
9 Cincinnati, OH-KY-IN 30 7 1,860,331 90.4 % 93.0 % 23,937 17.82 1.8 % 2.8 % 2.6 %
10 Miami-Fort Lauderdale-Pompano Beach, FL 7 9 1,470,123 80.8 % 88.0 % 20,273 15.90 2.4 % 2.2 % 2.2 %
10 Largest MSAs by ABR — 165 27,774,792 87.1 % 91.1 % 410,854 17.31 43.4 % 41.4 % 45.0 %
11 Naples-Marco Island, FL 139 5 1,068,981 95.1 % 97.3 % 18,993 18.55 1.3 % 1.6 % 2.1 %
12 Denver-Aurora-Lakewood, CO 19 6 1,316,148 87.0 % 93.1 % 17,411 15.31 1.6 % 2.0 % 1.9 %
13 Detroit-Warren-Dearborn, MI 14 8 1,459,631 84.5 % 93.9 % 16,353 12.94 2.1 % 2.2 % 1.8 %
14 Charlotte-Concord-Gastonia, NC-SC 22 6 1,558,056 93.7 % 94.2 % 16,350 12.28 1.6 % 2.3 % 1.8 %
15 Orlando-Kissimmee-Sanford, FL 23 5 802,548 85.7 % 85.9 % 15,995 23.42 1.3 % 1.2 % 1.8 %
16 San Diego-Chula Vista-Carlsbad, CA 17 3 650,747 92.7 % 98.7 % 15,416 24.50 0.8 % 1.0 % 1.7 %
17 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,085,639 91.7 % 93.2 % 14,056 15.32 2.1 % 1.6 % 1.5 %
18 Ann Arbor, MI 149 3 820,327 88.5 % 89.8 % 11,967 16.36 0.8 % 1.2 % 1.3 %
19 San Francisco-Oakland-Berkeley, CA 12 2 506,994 96.4 % 97.6 % 11,695 29.33 0.5 % 0.8 % 1.3 %
20 Vallejo, CA 122 1 519,324 90.4 % 94.6 % 10,415 21.38 0.3 % 0.8 % 1.1 %
20 Largest MSAs by ABR — 212 37,563,187 87.9 % 91.8 % 559,505 17.30 55.8 % 56.1 % 61.3 %
21 Binghamton, NY 196 4 751,572 92.8 % 93.4 % 9,944 14.39 1.1 % 1.1 % 1.1 %
22 North Port-Sarasota-Bradenton, FL 67 5 734,750 86.9 % 96.1 % 9,881 14.08 1.3 % 1.1 % 1.1 %
23 Allentown-Bethlehem-Easton, PA-NJ 70 3 829,432 94.8 % 97.0 % 9,776 13.39 0.8 % 1.2 % 1.1 %
24 Port St. Lucie, FL 112 5 688,049 87.2 % 91.7 % 9,668 15.43 1.3 % 1.0 % 1.1 %
25 Nashville-Davidson--Murfreesboro--Franklin, TN 36 4 798,262 94.8 % 95.2 % 9,557 12.58 1.1 % 1.2 % 1.0 %
26 Memphis, TN-MS-AR 43 1 649,252 92.7 % 93.5 % 9,523 16.71 0.3 % 1.0 % 1.0 %
27 Riverside-San Bernardino-Ontario, CA 13 4 501,668 84.2 % 97.7 % 9,470 22.12 1.1 % 0.7 % 1.0 % Supplemental Disclosure - Three Months Ended March 31, 2022 Page 32
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MAJOR MSA DETAIL
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST MSAs BY ABR
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
28 Boston-Cambridge-Newton, MA-NH 11 6 725,395 86.5 % 91.0 % 9,161 13.89 1.6 % 1.1 % 1.0 %
29 Cleveland-Elyria, OH 34 3 795,777 83.7 % 83.9 % 8,801 13.28 0.8 % 1.2 % 1.0 %
30 Jacksonville, FL 39 3 695,151 96.0 % 99.5 % 7,805 11.69 0.8 % 1.0 % 0.9 %
31 Indianapolis-Carmel-Anderson, IN 33 2 726,319 87.5 % 91.7 % 7,709 11.74 0.5 % 1.1 % 0.8 %
32 Louisville/Jefferson County, KY-IN 46 4 700,165 93.3 % 95.9 % 7,642 11.69 1.1 % 1.0 % 0.8 %
33 Hartford-East Hartford-Middletown, CT 48 3 584,167 72.9 % 72.9 % 7,486 17.57 0.8 % 0.9 % 0.8 %
34 Norwich-New London, CT 186 2 433,532 92.3 % 92.3 % 6,410 16.39 0.5 % 0.6 % 0.7 %
35 Worcester, MA-CT 58 3 515,320 84.7 % 94.4 % 6,169 15.40 0.8 % 0.8 % 0.7 %
36 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 3 468,481 73.7 % 84.8 % 6,002 15.66 0.8 % 0.7 % 0.7 %
37 New Haven-Milford, CT 68 4 487,795 82.9 % 85.1 % 5,915 14.26 1.1 % 0.7 % 0.6 %
38 Greensboro-High Point, NC 76 1 407,244 98.3 % 99.4 % 5,905 14.59 0.3 % 0.6 % 0.6 %
39 Scranton--Wilkes-Barre, PA 101 2 619,139 90.8 % 95.6 % 5,852 23.64 0.5 % 0.9 % 0.6 %
40 Wilmington, NC 167 2 379,107 91.4 % 98.2 % 5,789 15.72 0.5 % 0.6 % 0.6 %
41 Poughkeepsie-Newburgh-Middletown, NY 88 3 399,379 98.0 % 99.5 % 5,681 14.52 0.8 % 0.6 % 0.6 %
42 Milwaukee-Waukesha, WI 40 4 566,998 85.2 % 86.2 % 5,663 11.58 1.1 % 0.8 % 0.6 %
43 College Station-Bryan, TX 183 3 433,728 94.0 % 95.4 % 5,507 16.02 0.8 % 0.6 % 0.6 %
44 Oxnard-Thousand Oaks-Ventura, CA 72 2 319,844 84.2 % 85.2 % 4,772 18.24 0.5 % 0.5 % 0.5 %
45 Dayton-Kettering, OH 74 1 333,998 97.4 % 97.4 % 4,462 14.04 0.3 % 0.5 % 0.5 %
46 Mobile, AL 127 1 429,636 84.8 % 84.8 % 4,396 12.34 0.3 % 0.6 % 0.5 %
47 Spartanburg, SC 158 1 367,090 72.5 % 85.1 % 4,258 13.82 0.3 % 0.5 % 0.5 %
48 Greenville-Anderson, SC 60 2 220,723 100.0 % 100.0 % 4,156 19.28 0.5 % 0.3 % 0.5 %
49 Manchester-Nashua, NH 132 2 228,850 96.2 % 97.7 % 4,126 19.40 0.5 % 0.3 % 0.5 %
50 Fresno, CA 55 1 255,149 97.6 % 99.0 % 4,111 16.27 0.3 % 0.4 % 0.5 %
50 Largest MSAs by ABR — 296 53,609,159 88.2 % 91.9 % 765,102 16.51 78.3 % 79.7 % 83.8 %
51 Charleston-North Charleston, SC 73 2 498,871 83.2 % 83.7 % 4,085 9.92 0.5 % 0.7 % 0.4 %
52 Raleigh-Cary, NC 42 2 286,697 80.4 % 97.6 % 4,071 14.66 0.5 % 0.4 % 0.4 %
53 Boulder, CO 156 1 275,919 84.4 % 85.5 % 4,008 16.99 0.3 % 0.4 % 0.4 %
54 Panama City, FL 252 2 397,492 95.7 % 96.9 % 4,003 10.40 0.5 % 0.6 % 0.4 %
55 Columbus, OH 32 3 424,304 90.2 % 90.2 % 3,971 10.79 0.8 % 0.6 % 0.4 %
56 Kansas City, MO-KS 31 3 448,226 84.6 % 87.3 % 3,833 9.79 0.8 % 0.7 % 0.4 %
57 Cape Coral-Fort Myers, FL 75 1 281,394 95.0 % 98.0 % 3,807 14.17 0.3 % 0.4 % 0.4 %
58 Winston-Salem, NC 87 2 354,801 78.1 % 85.0 % 3,624 12.81 0.5 % 0.5 % 0.4 %
59 Bakersfield, CA 62 1 240,068 97.8 % 97.8 % 3,615 15.69 0.3 % 0.4 % 0.4 %
60 Hilton Head Island-Bluffton, SC 203 2 231,952 96.1 % 97.5 % 3,599 15.91 0.5 % 0.3 % 0.4 %
61 Richmond, VA 44 2 229,840 92.2 % 93.6 % 3,549 16.49 0.5 % 0.3 % 0.4 %
62 Atlantic City-Hammonton, NJ 188 1 179,199 93.1 % 93.1 % 3,263 19.56 0.3 % 0.3 % 0.4 %
63 Greenville, NC 238 1 233,153 95.5 % 95.5 % 3,159 14.19 0.3 % 0.3 % 0.3 %
64 Des Moines-West Des Moines, IA 82 2 496,580 94.0 % 94.1 % 3,131 6.70 0.5 % 0.7 % 0.3 %
65 Springfield, MA 84 2 322,088 88.2 % 95.1 % 3,067 13.64 0.5 % 0.5 % 0.3 % Supplemental Disclosure - Three Months Ended March 31, 2022 Page 33
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MAJOR MSA DETAIL
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST MSAs BY ABR
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
66 Virginia Beach-Norfolk-Newport News, VA-NC 37 1 150,300 87.6 % 90.3 % 2,929 21.82 0.3 % 0.2 % 0.3 %
67 Pittsfield, MA 330 1 188,444 95.3 % 96.4 % 2,918 16.06 0.3 % 0.3 % 0.3 %
68 Savannah, GA 138 2 221,381 96.2 % 96.2 % 2,782 13.06 0.5 % 0.3 % 0.3 %
69 Bridgeport-Stamford-Norwalk, CT 59 1 161,075 97.3 % 97.3 % 2,611 16.66 0.3 % 0.2 % 0.3 %
70 Roanoke, VA 164 2 313,340 93.8 % 94.6 % 2,526 10.63 0.5 % 0.5 % 0.3 %
71 Hickory-Lenoir-Morganton, NC 147 2 284,984 93.9 % 94.3 % 2,489 9.26 0.5 % 0.4 % 0.3 %
72 Duluth, MN-WI 171 1 183,105 96.2 % 98.0 % 2,460 13.71 0.3 % 0.3 % 0.3 %
73 Altoona, PA 343 1 266,512 87.4 % 87.4 % 2,451 10.63 0.3 % 0.4 % 0.3 %
74 Elkhart-Goshen, IN 220 1 211,680 89.5 % 89.5 % 2,445 12.90 0.3 % 0.3 % 0.3 %
75 Concord, NH 280 1 192,287 92.5 % 97.4 % 2,317 13.08 0.3 % 0.3 % 0.3 %
76 Pittsburgh, PA 28 1 202,349 98.8 % 100.0 % 2,181 12.15 0.3 % 0.3 % 0.2 %
77 Dover, DE 237 1 191,974 97.3 % 98.2 % 2,180 11.57 0.3 % 0.3 % 0.2 %
78 Flint, MI 134 1 164,632 94.6 % 100.0 % 2,175 13.30 0.3 % 0.2 % 0.2 %
79 St. Louis, MO-IL 20 2 208,998 95.5 % 96.1 % 2,152 10.88 0.5 % 0.3 % 0.2 %
80 Austin-Round Rock-Georgetown, TX 29 1 170,605 96.0 % 96.0 % 2,132 13.01 0.3 % 0.3 % 0.2 %
81 Manhattan, KS 322 1 214,898 99.5 % 99.5 % 2,107 15.83 0.3 % 0.3 % 0.2 %
82 Trenton-Princeton, NJ 148 1 149,993 74.6 % 97.3 % 2,095 14.35 0.3 % 0.2 % 0.2 %
83 Tulsa, OK 54 1 193,276 96.7 % 100.0 % 2,061 10.66 0.3 % 0.3 % 0.2 %
84 Greeneville, TN 481 1 224,139 100.0 % 100.0 % 2,043 9.31 0.3 % 0.3 % 0.2 %
85 Saginaw, MI 231 1 184,735 98.0 % 100.0 % 2,007 10.86 0.3 % 0.3 % 0.2 %
86 Santa Maria-Santa Barbara, CA 123 1 179,549 68.5 % 88.9 % 1,943 13.25 0.3 % 0.3 % 0.2 %
87 Rutland, VT 542 1 223,314 90.0 % 90.0 % 1,938 9.65 0.3 % 0.3 % 0.2 %
88 Columbus, IN 425 1 142,989 83.2 % 97.6 % 1,880 13.46 0.3 % 0.2 % 0.2 %
89 Portland-South Portland, ME 106 1 287,533 94.8 % 95.5 % 1,872 17.62 0.3 % 0.4 % 0.2 %
90 Crestview-Fort Walton Beach-Destin, FL 170 1 158,118 97.6 % 97.6 % 1,855 12.03 0.3 % 0.2 % 0.2 %
91 California-Lexington Park, MD 354 1 92,335 100.0 % 100.0 % 1,827 19.79 0.3 % 0.1 % 0.2 %
92 Tucson, AZ 53 1 165,350 67.1 % 79.3 % 1,810 13.80 0.3 % 0.2 % 0.2 %
93 Toledo, OH 94 1 289,105 83.8 % 84.5 % 1,762 12.74 0.3 % 0.4 % 0.2 %
94 Ithaca, NY 383 1 204,405 82.6 % 94.5 % 1,744 9.79 0.3 % 0.3 % 0.2 %
95 Deltona-Daytona Beach-Ormond Beach, FL 86 1 182,054 97.8 % 98.9 % 1,631 9.06 0.3 % 0.3 % 0.2 %
96 London, KY 292 1 165,826 99.0 % 100.0 % 1,608 9.70 0.3 % 0.2 % 0.2 %
97 Georgetown, SC 509 1 120,095 95.3 % 95.3 % 1,557 13.61 0.3 % 0.2 % 0.2 %
98 Durham-Chapel Hill, NC 91 1 97,226 97.8 % 97.8 % 1,546 16.25 0.3 % 0.1 % 0.2 %
99 Palm Bay-Melbourne-Titusville, FL 96 1 125,392 71.0 % 83.9 % 1,527 14.52 0.3 % 0.2 % 0.2 %
100 Muskegon, MI 248 1 104,600 96.2 % 96.2 % 1,513 15.04 0.3 % 0.2 % 0.2 %
100 Largest MSAs by ABR — 362 65,126,341 88.7 % 92.2 % 892,961 15.80 95.3 % 96.9 % 98.0 %
Other MSAs — 18 2,077,624 86.2 % 86.6 % 17,797 10.20 4.7 % 3.1 % 2.0 %
TOTAL — 380 67,203,965 88.6 % 92.1 % $ 910,758 $ 15.64 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended March 31, 2022 Page 34
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PROPERTIES BY STATE
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 49 8,382,245 88.9 % 92.7 % $ 121,137 $ 15.89 12.9 % 12.5 % 13.3 %
2 California 28 5,259,234 90.4 % 94.7 % 103,981 22.49 7.4 % 7.8 % 11.4 %
3 Texas 46 7,072,496 89.9 % 92.1 % 97,876 15.52 12.1 % 10.5 % 10.8 %
4 New York 27 3,460,688 90.9 % 96.2 % 67,292 20.78 7.1 % 5.1 % 7.4 %
5 Pennsylvania 25 4,852,491 89.6 % 92.7 % 65,912 17.77 6.6 % 7.2 % 7.2 %
6 North Carolina 19 3,944,431 91.7 % 94.6 % 44,530 12.62 5.0 % 5.9 % 4.9 %
7 Georgia 27 4,005,838 88.6 % 92.8 % 44,091 12.19 7.1 % 6.0 % 4.9 %
8 New Jersey 16 2,817,797 85.1 % 91.2 % 42,851 17.76 4.2 % 4.2 % 4.7 %
9 Illinois 16 3,687,531 78.7 % 83.2 % 42,773 14.61 4.2 % 5.5 % 4.7 %
10 Michigan 16 2,996,800 86.1 % 91.5 % 35,877 13.66 4.2 % 4.5 % 3.9 %
11 Ohio 14 3,016,774 88.7 % 89.2 % 34,629 14.98 3.7 % 4.5 % 3.8 %
12 Connecticut 11 1,792,065 82.6 % 83.2 % 23,504 15.87 2.9 % 2.7 % 2.6 %
13 Tennessee 7 1,791,013 95.1 % 95.5 % 22,120 13.26 1.8 % 2.7 % 2.5 %
14 Colorado 7 1,592,067 86.5 % 91.8 % 21,419 15.60 1.8 % 2.4 % 2.4 %
15 Massachusetts 10 1,507,803 90.1 % 95.2 % 19,341 15.25 2.6 % 2.3 % 2.1 %
16 Kentucky 7 1,683,198 93.2 % 96.5 % 18,646 12.70 1.8 % 2.5 % 2.0 %
17 South Carolina 8 1,438,731 86.1 % 89.8 % 17,655 13.83 2.1 % 2.1 % 1.9 %
18 Minnesota 9 1,268,744 92.3 % 93.9 % 16,516 15.06 2.3 % 1.9 % 1.8 %
19 Indiana 5 1,213,015 88.7 % 92.9 % 13,433 12.02 1.3 % 1.8 % 1.5 %
20 Virginia 6 826,362 85.1 % 90.3 % 9,926 14.47 1.5 % 1.3 % 1.1 %
21 New Hampshire 5 664,581 85.3 % 91.7 % 8,417 14.31 1.3 % 1.0 % 0.9 %
22 Maryland 3 427,934 86.9 % 91.3 % 6,907 18.33 0.8 % 0.6 % 0.8 %
23 Wisconsin 4 566,998 85.2 % 86.2 % 5,663 11.58 1.1 % 0.8 % 0.6 %
24 Missouri 4 495,523 88.8 % 90.4 % 4,487 10.09 1.1 % 0.7 % 0.5 %
25 Alabama 1 429,636 84.8 % 84.8 % 4,396 12.34 0.3 % 0.6 % 0.5 %
26 Kansas 2 376,599 93.7 % 95.1 % 3,605 12.99 0.5 % 0.6 % 0.4 %
27 Iowa 2 496,580 94.0 % 94.1 % 3,131 6.70 0.5 % 0.7 % 0.3 %
28 Delaware 1 191,974 97.3 % 98.2 % 2,180 11.57 0.3 % 0.3 % 0.2 %
29 Oklahoma 1 193,276 96.7 % 100.0 % 2,061 10.66 0.3 % 0.3 % 0.2 %
30 Vermont 1 223,314 90.0 % 90.0 % 1,938 9.65 0.3 % 0.3 % 0.2 %
31 Maine 1 287,533 94.8 % 95.5 % 1,872 17.62 0.3 % 0.4 % 0.2 %
32 Arizona 1 165,350 67.1 % 79.3 % 1,810 13.80 0.3 % 0.2 % 0.2 %
33 West Virginia 1 75,344 90.7 % 90.7 % 782 11.44 0.3 % 0.1 % 0.1 %
TOTAL 380 67,203,965 88.6 % 92.1 % $ 910,758 $ 15.64 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 35
--- ---
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 Springdale Mobile AL Mobile, AL 2004 429,636 84.8 % $ 4,396 $ 12.34 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 Centre Tucson AZ Tucson, AZ 1996 165,350 79.3 % 1,810 13.80 Sam's Club* Bookmans, CareMore, Defy-Tucson -
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 97.8 % 3,615 15.69 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for Less Hobby Lobby
4 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 95.8 % 4,368 25.08 Ralphs (Kroger) Cost Plus World Market, HomeGoods, Rite Aid -
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 66.6 % 2,368 30.00 Trader Joe's* CVS, Harbor Freight Tools, Pet Supplies Plus -
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 96.6 % 1,434 22.04 Stater Bros. - -
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,149 92.7 % 2,563 22.45 - Big Lots, Burlington Stores, Chuze Fitness -
8 University Mall Davis CA Sacramento-Roseville-Folsom, CA 1964 105,531 31.9 % 906 26.91 Trader Joe's - -
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 100.0 % 1,637 16.60 Vons (Albertsons) Chuze Fitness -
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 93.6 % 2,909 24.92 Major Market, Trader Joe's Rite Aid -
11 Arbor - Broadway Faire (2) Fresno CA Fresno, CA 1995 255,149 99.0 % 4,111 16.27 Smart & Final Extra! PetSmart, The Home Depot, United Artists Theatres Dick's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 179,549 88.9 % 1,943 13.25 ALDI Boot Barn, Five Below, Harbor Freight Tools, Marshalls, Michaels, Ulta -
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 92,315 100.0 % 1,330 15.25 Grocery Outlet dd's Discounts (Ross), Sears Outlet In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 100.0 % 6,390 23.08 Albertsons Best Buy, CVS, Five Below, Kohl's, Ross Dress for Less -
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 100.0 % 2,298 19.04 Barons Market Crunch Fitness, Dollar Tree -
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 202,773 100.0 % 2,390 11.79 Food 4 Less (Kroger) Ross Dress for Less, Target -
17 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 98.9 % 2,826 35.30 - Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 329,421 96.9 % 8,869 27.84 99 Ranch Market, Trader Joe's CVS, Macy's Home Store, Restoration Hardware, Total Wine & More -
19 Puente Hills Town Center Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 1984 258,685 83.9 % 5,628 25.93 - Marshalls, Planet Fitness -
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 100.0 % 5,487 32.28 Ralphs (Kroger), Trader Joe's Crunch Fitness, CVS -
21 Plaza By The Sea San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1976 48,697 100.0 % 1,339 27.50 Stater Bros. - -
22 Village at Mira Mesa (3) San Diego CA San Diego-Chula Vista-Carlsbad, CA 2022 427,483 99.9 % 10,870 26.26 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Mira Mesa Lanes -
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 100.0 % 4,038 24.51 Smart & Final Extra! Harbor Freight Tools, T.J.Maxx -
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 91.3 % 3,380 33.96 Trader Joe's Petco, Rite Aid, Ross Dress for less -
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 3,600 24.21 El Super, Walmart Supercenter LA Fitness, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.6 % 2,404 13.16 Vons (Albertsons) Ace Hardware, Big Lots -
27 Vail Ranch Center (3) Temecula CA Riverside-San Bernardino-Ontario, CA 2022 201,682 96.3 % 3,503 24.37 Stater Bros. Burlington Stores, Five Below, Rite Aid -
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 97.2 % 1,125 21.76 Ralphs (Kroger) - -
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 98.5 % 2,235 22.67 Sprouts Farmers Market - -
30 Gateway Plaza - Vallejo (3) Vallejo CA Vallejo, CA 2022 519,324 94.6 % 10,415 21.39 Costco* Bed Bath & Beyond, Century Theatres, DSW, Five Below, LA Fitness, Marshalls, Michaels, OfficeMax, Party City, Petco, PetSmart, Ross Dress for Less, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 821 8.62 King Soopers (Kroger) Arc -
32 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,988 92.5 % 7,177 16.43 King Soopers (Kroger) 2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Goldfish Swim School, Kohl's, Planet Fitness -
33 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,013 100.0 % 2,121 12.33 King Soopers (Kroger) Chuze Fitness, Gen X -
34 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 121,101 99.3 % 1,919 15.97 - Chuze Fitness -
35 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,682 91.8 % 1,056 39.13 King Soopers (Kroger) Pet Supplies Plus -
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 85.5 % 4,008 17.00 Whole Foods Market, Costco*, SuperTarget* Goldfish Swim School, Michaels, OfficeMax, PetSmart, Stickley Furniture, T.J.Maxx, Ulta -
Supplemental Disclosure - Three Months Ended March 31, 2022 Page 36
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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
37 Westminster City Center (3) Westminster CO Denver-Aurora-Lakewood, CO 2022 331,128 86.3 % 4,317 15.10 - Barnes & Noble, buybuy BABY, David's Bridal, Five Below, Golf Galaxy, JOANN, Ross Dress for Less, Tile Shop, Ulta -
38 The Shoppes at Fox Run Glastonbury CT Hartford-East Hartford-Middletown, CT 1974 106,498 93.0 % 2,614 26.39 Whole Foods Market Petco -
39 Groton Square Groton CT Norwich-New London, CT 1987 196,802 92.1 % 2,361 13.02 Super Stop & Shop (Ahold Delhaize) Kohl's Walmart
40 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 95.2 % 1,046 15.19 PriceRite (Wakefern) - The Home Depot
41 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 327,775 74.6 % 3,321 13.57 Walmart Supercenter* Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, DSW, Edge Fitness, Frontera Grill, Hobby Lobby Best Buy, The Home Depot, Walmart
42 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 55.0 % 1,551 18.82 Price Chopper - -
43 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,865 69.9 % 1,373 18.91 - Barnes & Noble, Dollar Tree, Five Below, Lumber Liquidators, PetSmart -
44 Christmas Tree Plaza Orange CT New Haven-Milford, CT 1996 132,791 86.2 % 1,311 11.45 - Christmas Tree Shops, Montana Nights Axe Throwing, U.S. Furniture -
45 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 97.3 % 2,611 16.66 - LA Fitness, Marshalls -
46 Torrington Plaza Torrington CT Torrington, CT 1994 125,496 73.8 % 1,082 11.69 - JOANN, Staples, T.J.Maxx -
47 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,786 88.9 % 2,185 13.74 Super Stop & Shop (Ahold Delhaize) Dollar Tree Target
48 Waterford Commons Waterford CT Norwich-New London, CT 2004 236,730 92.4 % 4,049 19.30 - Dick’s Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
49 North Dover Center Dover DE Dover, DE 1989 191,974 98.2 % 2,180 11.57 - Bob's Discount Furniture, Hobby Lobby, Kirkland's, Party City, Staples, T.J.Maxx -
50 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,394 98.0 % 3,807 14.17 Publix Anthony's Ladies Apparel, Bealls Outlet, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery -
51 Coastal Way - Coastal Landing Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 374,598 75.5 % 3,995 18.16 - Bed Bath & Beyond, Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta -
52 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 94.6 % 6,599 23.17 Costco*, SuperTarget* Burlington Stores, David's Bridal, Five Below, Michaels, PetSmart, Ross Dress for Less, Tota Music & Theatre Conservatory Lowe's
53 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 264,129 93.1 % 3,766 15.32 Publix Big Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center -
54 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 86.8 % 1,945 24.77 - Broward County Library, CVS -
55 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 182,054 98.9 % 1,631 9.06 Publix Big Lots, Planet Fitness, Tractor Supply Co. -
56 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 97.6 % 1,855 12.03 Publix Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx -
57 Normandy Square Jacksonville FL Jacksonville, FL 1996 90,384 100.0 % 936 10.66 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar -
58 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,567 99.0 % 2,503 8.20 - American Signature Furniture, Bealls Outlet, David's Bridal, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse -
59 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 97.7 % 1,877 19.57 - Dollar Tree, LA Fitness -
60 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 89.9 % 2,357 19.68 Walmart Neighborhood Market Walgreens -
61 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 183,816 69.1 % 1,532 12.55 Publix Dollar Tree, Petco, Staples -
62 Marco Town Center (3) Marco Island FL Naples-Marco Island, FL 2022 109,445 88.0 % 2,381 24.72 Publix - -
63 Mall at 163rd Street Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2007 342,385 82.4 % 3,544 12.89 Walmart Supercenter* Alex Baklayan, Citi Trends, Ross Dress for Less The Home Depot
64 Shops at Palm Lakes (3) Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2022 215,536 98.1 % 4,368 21.13 Fresco y Más (Southeastern Grocers) dd's Discounts (Ross), LA Fitness, Ross Dress for Less -
65 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,812 94.0 % 2,460 13.51 Publix Burlington Stores, HomeGoods, Planet Fitness -
66 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,981 100.0 % 5,329 17.36 Trader Joe's Advance Auto Parts, Chuck E. Cheese's, Hobby Lobby, Marshalls, Tuesday Morning, Walgreens -
67 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 98.7 % 3,728 19.05 Publix Marshalls, Office Depot, PGA TOUR Superstore -
68 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 99.6 % 5,095 21.00 The Fresh Market Big Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth, Yard House -
69 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 100.0 % 1,137 14.01 Publix Zone Fitness Club -
70 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 100.0 % 1,103 12.47 Sedano's Family Dollar -
71 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,598 18.42 - Burlington Stores, LA Fitness Target Supplemental Disclosure - Three Months Ended March 31, 2022 Page 37
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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
72 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 96.0 % 1,089 14.86 Publix - -
73 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 72,683 100.0 % 1,265 17.40 Seabra Foods Office Depot -
74 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2022 414,284 74.0 % 9,166 30.54 - Capital Grille, Cuba Libre, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Regal Cinemas, Rodizio Grill -
75 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 847 13.12 Publix - -
76 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 162,582 93.6 % 2,974 20.10 - Coastal Care, Walgreens -
77 23rd Street Station Panama City FL Panama City, FL 1995 98,827 87.4 % 1,262 14.61 Publix Pet Supplies Plus -
78 Panama City Square Panama City FL Panama City, FL 1989 298,665 100.0 % 2,741 9.18 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx -
79 East Port Plaza (3) Port St. Lucie FL Port St. Lucie, FL 2022 214,489 89.2 % 2,725 14.25 Publix Fortis Institute, Urban Air Adventure Park, Walgreens -
80 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 100.0 % 1,315 13.82 Winn-Dixie (Southeastern Grocers) Dollar Tree -
81 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 752 13.19 Winn-Dixie (Southeastern Grocers) - -
82 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 97.4 % 832 21.67 SuperTarget* The Zoo Health Club -
83 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 100.0 % 2,752 19.10 Publix Harbor Freight Tools, Pet Supermarket, Walgreens -
84 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,168 12.84 Publix Big Lots, Crunch Fitness, HomeGoods -
85 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 125,392 83.9 % 1,527 14.52 Publix Home Centric, Planet Fitness -
86 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 98.4 % 2,074 13.44 Sprouts Farmers Market Bealls Outlet, Burlington Stores, T.J.Maxx -
87 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 100.0 % 4,366 15.92 Publix Bealls, Bed Bath & Beyond, Michaels, Party City, Petco -
88 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 84.0 % 2,012 17.63 Publix CVS, Dollar Tree -
89 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,395 9.44 Winn-Dixie (Southeastern Grocers) Bealls Outlet, Big Lots -
90 Tyrone Gardens (3) St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2022 195,214 89.2 % 2,095 12.03 Winn-Dixie (Southeastern Grocers) Big Lots, Chuck E. Cheese’s, Crunch Fitness -
91 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 84.4 % 1,807 14.16 Publix Flooring USA -
92 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-Pompano Beach, FL 1989 110,109 91.2 % 826 8.23 Patel Brothers Alex Baklayan, Dollar Tree Walmart
93 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 98.9 % 1,759 19.19 Publix Rarehues -
94 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 100.0 % 1,404 16.58 - Dollar Tree, Lumber Liquidators, Ross Dress for Less -
95 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 99.0 % 2,477 17.16 Publix Petco, T.J.Maxx, Ulta -
96 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 98.8 % 1,052 8.05 Winn-Dixie (Southeastern Grocers) Lumber Liquidators, Pet Supermarket, T.J.Maxx -
97 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 87.3 % 818 8.53 Publix American Freight Furniture -
98 Venice Village (3) Venice FL North Port-Sarasota-Bradenton, FL 2022 175,342 92.4 % 3,091 19.09 Publix JOANN, Planet Fitness -
99 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 280,749 93.8 % 3,524 17.78 - Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
100 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 445,042 87.2 % 4,647 12.23 City Farmers Market Buckhead Fight Club, dd's Discounts (Ross), Happy Land Dresses, NCG Cinemas -
101 Augusta West Plaza Augusta GA Augusta-Richmond County, GA-SC 2006 170,681 99.2 % 1,431 8.45 - At Home, Dollar Tree, Hibachi Grill & Supreme Buffet, Octapharma -
102 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 100.0 % 576 8.70 Food Depot Family Dollar -
103 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 100.0 % 1,259 15.93 Publix - -
104 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 100.0 % 826 12.28 Publix - -
105 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 94.3 % 1,254 14.01 Kroger - -
106 Northside Dalton GA Dalton, GA 2001 78,878 97.5 % 747 10.39 - America's Thirft Stores, Dollar Tree -
107 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 100.0 % 947 12.17 Publix - -
108 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 97.4 % 786 17.35 Kroger* - -
109 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,687 10.87 Costco* American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill Big Lots Supplemental Disclosure - Three Months Ended March 31, 2022 Page 38
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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
110 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 85.5 % 1,424 10.94 Food Depot Staples -
111 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 218,818 100.0 % 2,622 11.98 ALDI Best Buy, Duluth Trading, Georgia Furniture Mart, Michaels, OfficeMax, PetSmart -
112 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 92.5 % 1,243 13.84 Publix - -
113 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 93.7 % 1,526 15.38 Publix - -
114 The Village at Mableton (3) Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 2022 229,013 73.7 % 1,503 8.90 - dd's Discounts (Ross), Dollar Tree, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less -
115 Marshalls at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 54,976 100.0 % 658 11.97 - Marshalls -
116 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 99.1 % 1,328 11.85 Kroger - -
117 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 147,538 87.5 % 1,876 14.53 Kroger - -
118 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 670 9.60 Food Depot - -
119 ConneXion Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2016 107,687 96.6 % 1,992 19.16 - My Salon Suites -
120 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 91.7 % 1,044 12.19 - PGA TOUR Superstore -
121 Kings Market Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2005 275,294 78.2 % 2,414 11.21 Publix TK Volleyball -
122 Victory Square Savannah GA Savannah, GA 2007 119,919 97.3 % 1,700 14.57 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
123 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 184,185 98.3 % 3,044 16.81 Kroger - -
124 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 346,471 99.4 % 2,281 6.63 Walmart Supercenter Conn's Home Plus, Harbor Freight, NCG Cinemas -
125 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 94.9 % 1,082 11.24 Kroger - -
126 Haymarket Mall Des Moines IA Des Moines-West Des Moines, IA 1979 226,875 90.3 % 1,354 6.61 - Burlington Stores, Harbor Freight Tools, Hobby Lobby -
127 Haymarket Square Des Moines IA Des Moines-West Des Moines, IA 1979 269,705 97.4 % 1,777 6.77 Price Chopper Big Lots, Genesis Health Club, Many Hands Thrift, Northern Tool + Equipment, Office Depot -
128 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 98.3 % 3,795 19.34 Trader Joe's Chuck E. Cheese's, Kirkland's, Petco, Ulta -
129 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 96.0 % 2,040 14.01 - XSport Fitness Kohl's
130 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 99.5 % 2,423 12.40 Shop & Save Market Hobby Lobby, Octapharma, Planet Fitness, Walgreens -
131 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 324,977 96.2 % 4,589 15.81 - KPot Korean BBQ & Hot Pot, Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness -
132 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 84.3 % 5,542 12.95 - AMC Theatre, At Home, Burlington Stores, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less -
133 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 77.3 % 2,210 10.47 Jewel-Osco (Albertsons) Burlington Stores Hobby Lobby
134 Elk Grove Town Center Elk Grove Village IL Chicago-Naperville-Elgin, IL-IN-WI 1998 61,609 98.9 % 1,233 21.00 - Dollar Tree, Walgreens -
135 Freeport Plaza Freeport IL Freeport, IL 2000 87,846 86.9 % 562 7.36 Cub Foods (United Natural Foods Inc.) - -
136 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 75.5 % 1,926 14.86 - Best Buy, Painted Tree Marketplace, PetSmart -
137 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 80.4 % 1,357 15.82 Sunset Foods - -
138 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,007 64.4 % 1,957 12.67 - Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness -
139 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 95.2 % 1,775 16.61 Jewel-Osco Planet Fitness -
140 Westridge Court (2) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 682,650 70.3 % 6,959 14.76 - Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, Edge Fitness, La-Z-Boy Furniture, Painted Tree Marketplace, Party City, Star Cinema Grille, Ulta -
141 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN-WI 1990 101,800 81.1 % 1,469 17.79 Whole Foods Market - -
142 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 192,913 93.8 % 1,915 17.67 - Asian Grill Sushi Buffet, LA Fitness, Regal Cinemas -
143 Tinley Park Plaza (3) Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2022 236,773 79.1 % 3,021 16.13 TBA Burlington Stores, Planet Fitness, Tile Shop -
144 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,769 94.9 % 1,327 10.70 - Godby Home Furnishings, Ollie's Bargain Outlet -
145 Columbus Center Columbus IN Columbus, IN 1964 142,989 97.6 % 1,880 13.47 - Burlington Stores, Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, Ulta Target
146 Market Centre Goshen IN Elkhart-Goshen, IN 1994 211,680 89.5 % 2,445 12.90 Walmart Supercenter* Burlington Stores, JOANN, Ross Dress for Less, Staples - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 39
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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
147 Speedway Super Center (3) Speedway IN Indianapolis-Carmel-Anderson, IN 2022 595,550 91.0 % 6,382 11.99 Kroger Burlington Stores, Harbor Freight Tools, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx -
148 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,399 10.60 Pay Less (Kroger) - -
149 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 89.4 % 1,498 10.37 Hy-Vee - -
150 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.5 % 2,107 15.83 Dillons (Kroger) Bellus Academy, JOANN, Marshalls -
151 North Dixie Plaza Elizabethtown KY Elizabethtown-Fort Knox, KY 1992 130,466 99.1 % 1,092 8.45 - At Home, Staples -
152 Florence Plaza - Florence Square (2) Florence KY Cincinnati, OH-KY-IN 2014 686,741 95.9 % 8,304 16.01 Kroger Aaron's, Barnes & 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, Sierra Trading Post, Staples, T.J.Maxx -
153 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,374 95.2 % 1,936 10.28 - King Pin Lanes, Louisville Athletic Club -
154 London Marketplace London KY London, KY 1994 165,826 100.0 % 1,608 9.70 Kroger Goody's, Kohl's, Marshalls, Planet Fitness -
155 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 100.0 % 2,103 12.03 Kroger Petco -
156 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 158,009 88.0 % 1,523 11.58 Kroger - -
157 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 100.0 % 2,080 13.09 Kroger Marketplace - -
158 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 141,451 96.7 % 1,094 7.99 America's Food Basket Citi Trends, Crunch Fitness, Jerusalem Discount Furniture -
159 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 84.4 % 1,987 29.55 - Golf Galaxy, Staples Duluth Trading Co.
160 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 93.1 % 1,675 13.53 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot -
161 WaterTower Plaza (3) Leominster MA Worcester, MA-CT 2022 284,757 91.7 % 3,403 13.57 TBA Barnes & Noble, Michaels, Party City, Petco, Staples, The Paper Store, T.J.Maxx -
162 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 100.0 % 367 14.38 Hannaford Bros. (Ahold Delhaize)* - Walmart
163 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 95.5 % 1,412 18.94 Stop And Compare Crunch Fitness, Rainbow Shops -
164 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 100.0 % 2,694 14.74 Star Market (Albertsons) Marshalls, Ocean State Job Lot, The Paper Store -
165 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 96.4 % 2,918 16.06 Market 32 Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
166 Westgate Plaza Westfield MA Springfield, MA 1996 126,093 98.2 % 1,392 13.76 ALDI Five Below, Ocean State Job Lot, Staples, T.J.Maxx -
167 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 97.4 % 2,399 19.31 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet -
168 South Plaza Shopping Center California MD California-Lexington Park, MD 2005 92,335 100.0 % 1,827 19.79 - Best Buy, Old Navy, Petco, Ross Dress for Less -
169 Campus Village Shoppes College Park MD Washington-Arlington-Alexandria, DC-VA-MD-WV 1986 25,528 91.4 % 864 37.04 - - -
170 Fox Run (3) Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 310,071 88.7 % 4,216 16.14 Giant Food (Ahold Delhaize) Big Lots, Five Below, JOANN, Planet Fitness, Ross Dress for Less, Ulta -
171 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,533 95.5 % 1,872 17.62 - Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts -
172 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 91.8 % 6,698 18.36 Kroger Bed Bath & Beyond, DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta -
173 Maple Village Ann Arbor MI Ann Arbor, MI 2020 294,029 84.8 % 4,354 17.45 Plum Market Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta -
174 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 93.0 % 957 12.06 Busch’s Fresh Food Market Ace Hardware -
175 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 79,068 98.0 % 853 11.01 - Dollar Tree, Ollie's Bargain Outlet, True Value -
176 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,175 13.30 VG's Food (SpartanNash) Dunham's Sports, Glik's Five Below, Michaels, T.J.Maxx
177 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 80.7 % 662 8.25 D&W Fresh Market (SpartanNash) - -
178 Delta Center Lansing MI Lansing-East Lansing, MI 1985 163,346 63.3 % 1,200 11.89 - Bed Bath & Beyond, DXL Destination XL, Planet Fitness -
179 Lakes Crossing Muskegon MI Muskegon, MI 2008 104,600 96.2 % 1,513 15.04 - JOANN, Party City, Shoe Carnival, Ulta Kohl's
180 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 303,883 98.2 % 3,202 10.73 Prince Valley Market Burlington Stores, Citi Trends, Dollar Tree, Lincoln Behavioral Services -
181 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 470,276 92.4 % 6,582 20.10 TBA DSW, Emagine Theatre, Five Below, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta Target
182 Fashion Corners Saginaw MI Saginaw, MI 2004 184,735 100.0 % 2,007 10.86 - Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 40
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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
183 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,724 100.0 % 1,284 12.62 - Citi Trends, Party City, Planet Fitness Burlington Stores
184 18 Ryan Sterling Heights MI Detroit-Warren-Dearborn, MI 1997 101,564 100.0 % 948 9.33 Dream Market O'Reilly Auto Parts -
185 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,111 7.18 - Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park -
186 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 162,874 75.8 % 1,416 11.48 - Bed Bath & Beyond, Crunch Fitness, Party City, Petco Burlington Stores, Target
187 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 95.4 % 915 7.82 Save-A-Lot Big Lots, Dollar Tree, Planet Fitness -
188 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,243 97.2 % 2,306 19.10 SuperTarget* Best Buy, Dollar Tree, Walgreens -
189 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,246 13.55 Cub Foods (United Natural Foods Inc.) - -
190 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 98.0 % 2,460 13.71 - Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx -
191 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 93.8 % 1,823 22.11 Cub Foods (United Natural Foods Inc.)* Bethesda Thrift, Goldfish Swim School -
192 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 95.3 % 2,304 11.32 - Marshalls, Michaels -
193 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 81,506 94.1 % 1,018 19.52 ALDI, Cub Foods (Jerry's Foods)* Dollar Tree -
194 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 97.1 % 1,901 16.49 Fresh Thyme Farmers Market Dollar Tree, Marshalls -
195 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 83.9 % 2,345 13.15 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Planet Fitness, T.J.Maxx -
196 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,113 15.23 Festival Foods Dollar Tree -
197 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 96.5 % 1,684 13.01 ALDI Michaels, Party City, Petco, Tuesday Morning -
198 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 78.6 % 1,210 9.52 Price Chopper - -
199 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 96.1 % 1,125 9.38 Price Chopper - -
200 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 468 6.85 Schnucks - -
201 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,572 15.05 - Burlington Stores, Dollar Tree, Harbor Freight Tools, REI -
202 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 281,924 95.0 % 4,192 15.65 Walmart Neighborhood Market Burlington Stores, Dollar Tree, Staples -
203 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 98.2 % 2,033 8.58 Patel Brothers Big Lots, Gabriel Brothers, The Home Depot, Value City Furniture -
204 Macon Plaza Franklin NC — 2001 92,583 75.6 % 503 18.09 Food Lion (Ahold Delhaize) - -
205 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 180,017 96.2 % 2,499 14.43 LIDL Burn Boot Camp, Citi Trends, Harbor Freight Tools, OfficeMax, PetSmart Target, The Home Depot
206 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 92.5 % 3,795 14.39 Walmart Supercenter* Best Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, Ross Dress for Less, Skechers -
207 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 99.4 % 5,905 14.59 - Burlington Stores, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for Less, Ulta Target
208 University Commons Greenville NC Greenville, NC 1996 233,153 95.5 % 3,159 14.19 Harris Teeter (Kroger) Barnes & Noble, Overstock Furniture & Mattress, Petco, T.J.Maxx Target
209 Valley Crossing Hickory NC Hickory-Lenoir-Morganton, NC 2014 191,431 98.8 % 1,821 9.63 - Academy Sports + Outdoors, American Freight Furniture, Dollar Tree, Harbor Freight Tools, Ollie's Bargain Outlet -
210 Kinston Pointe Kinston NC Kinston, NC 2001 250,580 99.1 % 1,094 4.41 Walmart Supercenter Dollar Tree -
211 Magnolia Plaza Morganton NC Hickory-Lenoir-Morganton, NC 1990 93,553 85.2 % 668 8.38 - Big Lots, Harbor Freight Tools Rural King
212 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 97.8 % 1,546 16.25 - Person County Health & Human Services -
213 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 98.7 % 4,182 12.12 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown -
214 Crossroads Statesville NC Charlotte-Concord-Gastonia, NC-SC 1997 127,926 90.0 % 1,537 13.34 Walmart Supercenter* Big Lots, Burkes Outlet Tractor Supply Co.
215 Anson Station Wadesboro NC Charlotte-Concord-Gastonia, NC-SC 1988 132,353 77.9 % 611 5.93 Food Lion (Ahold Delhaize) Rose's, Tractor Supply Co. -
216 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 96.2 % 2,014 14.97 - Burlington Stores, PetSmart, PopShelf, Sportsmans Warehouse Target
217 University Commons Wilmington NC Wilmington, NC 2007 235,345 99.3 % 3,775 16.15 Lowes Foods HomeGoods, Sketchers, T.J.Maxx - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 41
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PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
218 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 282,493 81.2 % 2,669 12.68 Super Compare Foods Badcock Home Furniture, Citi Trends, Modern Home, Office Depot -
219 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 100.0 % 955 13.21 - Chef Store, Golf Galaxy, Mattress Firm -
220 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 97,602 94.5 % 1,613 17.48 - Bed Bath & Beyond, Boston Interiors -
221 Capitol Shopping Center Concord NH Concord, NH 2001 192,287 97.4 % 2,317 13.08 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls -
222 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,513 20.87 Patel Brothers New Hampshire Liquor and Wine Outlet, Petco The Home Depot
223 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 91,690 54.5 % 363 7.26 - JOANN, The Zoo Health Club Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
224 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 151,754 97.8 % 1,611 10.86 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx -
225 Laurel Square (3) Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2022 245,984 93.8 % 1,999 8.67 Corrado's Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square -
226 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 96.0 % 4,557 23.50 ShopRite Burlington Stores, Planet Fitness, Ross Dress For Less -
227 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) - -
228 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,532 92.2 % 3,172 15.05 LIDL Big Lots, Five Below, LA Fitness, Ross Dress for Less -
229 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 97.3 % 2,095 14.35 Grocery Outlet 2nd Ave, Crab Du Jour, Dollar Tree, Family Dollar, Planet Fitness, Rothman Orthopaedic Institue -
230 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ-PA 2002 127,230 88.4 % 1,466 13.03 Super Stop & Shop (Ahold Delhaize) Pet Supplies Plus -
231 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 95.8 % 7,199 22.36 Sprouts Farmers Market Burlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx -
232 Middletown Plaza Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2001 197,066 54.9 % 2,212 20.94 - Petco -
233 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 94.9 % 1,259 29.00 ShopRite - -
234 Old Bridge Gateway (3) Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2022 254,548 99.3 % 4,615 18.26 Bhavani Food Market, TBA Marshalls, Pep Boys, Petco, Robert Wood Johnson Fitness -
235 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ-PA 1994 159,561 100.0 % 2,939 18.42 - Blink Fitness (Equinox), HomeGoods, Marshalls -
236 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,822 69.6 % 1,257 13.20 ShopRite* PetSmart, Planet Fitness -
237 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,199 93.1 % 3,263 19.56 ShopRite Dollar Tree, Staples -
238 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 95.0 % 560 16.28 ShopRite - -
239 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 96.5 % 1,478 17.46 - Dollar Tree, Jersey Strong -
240 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 93.0 % 3,315 16.48 Walmart Supercenter* Dollar Tree, Marshalls, Ross Dress for Less, Staples, Ulta -
241 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 100.0 % 2,904 32.37 ALDI T.J.Maxx -
242 Unity Plaza East Fishkill NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,462 21.67 Acme (Albertsons) True Value -
243 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,316 87.4 % 1,644 22.91 BJ's Wholesale*, TBA Five Below Kohl's, Walmart
244 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 94.4 % 2,101 28.72 Stop & Shop*, Wild by Nature Market* Ace Hardware Rite Aid
245 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2022 207,893 99.0 % 4,076 19.80 - Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites -
246 Dalewood I, II & III Shopping Center Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 1972 194,441 98.5 % 6,887 36.75 H-Mart Christmas Tree Shops, T.J.Maxx, Ulta -
247 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 94.5 % 1,744 9.79 ALDI Big Lots, Dollar Tree, JOANN, Planet Fitness, True Value, VA Community Based Outpatient -
248 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,636 22.66 Key Food Marketplace T.J.Maxx -
249 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 623 36.65 Trader Joe's - -
250 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 100.0 % 1,526 24.65 KolSave Market* Advance Auto Parts, Dollar Tree, Planet Fitness -
251 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,470 100.0 % 1,451 39.79 North Shore Farms CVS -
252 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 97.6 % 3,332 15.77 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers -
253 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 99.0 % 2,234 11.08 - Big Lots, Citi Trends, David's Bridal, Hobby Lobby -
254 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 100.0 % 1,985 16.27 ShopRite Better Lifestyle Club, U.S. Post Office - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 42
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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
255 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 262,364 92.2 % 5,806 25.87 A Matter of Health, TBA Barnes & Noble, Marshalls, Petco, Quality Furniture & Electronic -
256 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,429 92.3 % 1,391 38.24 - Harmon Discount -
257 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 92.4 % 3,168 26.38 - Dollar Tree, HomeGoods -
258 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,044 20.62 Fine Fare CVS, T.J.Maxx -
259 Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 120,089 100.0 % 3,017 25.12 Costco* HomeSense, Marshalls, Petsmart, Ulta -
260 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,280 29.01 - HomeGoods, Rite Aid -
261 College Plaza Selden NY New York-Newark-Jersey City, NY-NJ-PA 2013 188,214 97.6 % 3,419 22.12 ShopRite Wren Kitchens Firestone
262 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 89.2 % 1,882 13.13 - Olum's Furniture & Appliances, Staples -
263 Parkway Plaza Vestal NY Binghamton, NY 1995 207,154 100.0 % 2,214 10.69 - Bed Bath & Beyond, Kohl's, PetSmart Target
264 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 93.9 % 1,531 17.67 - HomeGoods, Michaels, Old Navy -
265 Town Square Mall (2) Vestal NY Binghamton, NY 1991 291,346 90.9 % 4,317 16.99 Sam's Club*, Walmart Supercenter* AMC Vestal Town Square 9, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta -
266 The Plaza at Salmon Run Watertown NY Watertown-Fort Drum, NY 1993 68,761 94.1 % 728 11.25 Hannaford Bros. (Ahold Delhaize) Red Robin Gourmet Burger Lowe's, Runnings
267 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 98.4 % 2,890 33.19 H-Mart - -
268 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 143,282 97.7 % 2,146 15.90 Giant Eagle - The Home Depot
269 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 223,843 94.5 % 2,626 19.03 Kroger Petco, Planet Fitness, Rainbow Shops -
270 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 165,411 100.0 % 1,529 9.24 Kroger Pet Supplies Plus, Salvation Army -
271 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,356 80.5 % 3,310 16.23 Fresh Thyme Farmers Market HomeGoods, LA Fitness, Pet Supplies Plus, T.J.Maxx -
272 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 240,022 96.5 % 4,826 21.63 - Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, Ulta Target
273 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 97.8 % 1,231 37.79 Kroger - -
274 Brice Park Columbus OH Columbus, OH 1989 147,800 92.7 % 1,368 10.52 - Ashley Furniture, Citi Trends, Dollar Tree, Michaels -
275 Crown Point Columbus OH Columbus, OH 1980 144,931 93.4 % 1,397 10.32 Kroger Dollar Tree, Planet Fitness -
276 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 83.9 % 1,206 11.78 Kroger - -
277 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 97.4 % 4,462 14.04 Health Foods Unlimited Burlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Value City Furniture -
278 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 78.8 % 5,498 11.98 BJ's Wholesale Club*, Giant Eagle, Marc's Cleveland Furniture Bank, JOANN, Marshalls, Party City, UFC Gym -
279 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 98.2 % 1,157 16.84 - Ollie's Bargain Outlet, Sears Outlet -
280 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,167 83.1 % 2,111 34.44 Kroger - -
281 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 289,105 84.5 % 1,762 12.75 Kroger Big Lots, Crunch Fitness, Harbor Freight Tools -
282 Marketplace Tulsa OK Tulsa, OK 1992 193,276 100.0 % 2,061 10.66 - Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmart Best Buy
283 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 89.6 % 2,419 19.23 Giant Food (Ahold Delhaize) CVS, Dollar Tree -
284 Park Hills Plaza Altoona PA Altoona, PA 1985 266,512 87.4 % 2,451 10.63 Weis Markets Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park -
285 Bethel Park Shopping Center Bethel Park PA Pittsburgh, PA 1965 202,349 100.0 % 2,181 12.15 Giant Eagle Pep Boys, Walmart -
286 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 98.2 % 4,200 14.35 Giant Food (Ahold Delhaize) Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe -
287 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 88.6 % 2,006 8.92 - Complete Liquidators, Dollar Tree, Family Dollar, Ollie's Bargain Outlet -
288 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 63.2 % 334 11.48 - - -
289 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 89.0 % 2,478 19.38 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe -
290 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 110,430 83.4 % 1,605 17.43 Kimberton Whole Foods Pep Boys, Rascal Fitness -
291 Plymouth Square Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1959 235,264 79.3 % 3,841 20.60 Weis Markets REI -
292 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,170 28.41 Giant Food (Ahold Delhaize) - - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 43
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PROPERTY LIST
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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
293 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 105,086 26.8 % 566 20.06 - - -
294 Dickson City Crossings (3) Dickson City PA Scranton--Wilkes-Barre, PA 2022 312,699 92.0 % 3,323 19.08 - Burlington Stores, Dollar Tree, Gabe's, JOANN, Party City, PetSmart, The Home Depot, T.J.Maxx -
295 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 237,681 99.0 % 3,683 15.65 - Kohl's, Marshalls, Regal Cinemas -
296 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 98.0 % 1,346 18.26 - Dollar Tree, Ross Dress for Less, Tuesday Morning, U.S. Post Office -
297 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 90.5 % 986 20.03 Weis Markets* - -
298 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 224,585 86.5 % 6,716 35.59 McCaffrey's Ulta -
299 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,023 28.43 - Dollar Tree, Target, Wine & Spirits Shoppe -
300 Roosevelt Mall Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 581,434 97.7 % 8,854 34.74 Sprouts Farmers Market LA Fitness, Macy's, Rainbow Shops, Ross Dress For Less -
301 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 100.0 % 1,252 7.09 Redner's Warehouse Market Big Lots, Staples -
302 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 95.1 % 1,669 11.35 ALDI Big Lots, Dollar Tree, Planet Fitness, Rite Aid -
303 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 458 10.98 Fresh Grocer (Wakefern)* EZ Bargains, Rent-A-Center, Super Dollar City -
304 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 3,817 17.46 ShopRite Harbor Freight Tools, Old Navy, Party City, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
305 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 100.0 % 848 13.38 Giant Food (Ahold Delhaize) Penn State Health -
306 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 315,192 98.9 % 3,157 10.13 Redner's Warehouse Market Dollar Tree, Gabe's, Mavis Discount Tires, PetSmart, Ross Dress for Less, Staples -
307 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 99.2 % 2,529 34.46 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus -
308 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 96.6 % 2,667 16.57 Kroger K1 Speed -
309 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 100.0 % 1,674 19.79 Lowes Foods - -
310 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 100.0 % 932 14.27 - - -
311 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 98.0 % 1,760 10.49 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Tuesday Morning -
312 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 76.1 % 2,325 9.52 - Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet -
313 Pawleys Island Plaza Pawleys Island SC Georgetown, SC 2015 120,095 95.3 % 1,557 13.61 Publix Petco, T.J.Maxx, Tuesday Morning -
314 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 100.0 % 2,482 18.95 - Ross Dress for Less, T.J.Maxx Target
315 Hillcrest Market Place (3) Spartanburg SC Spartanburg, SC 2022 367,090 85.1 % 4,258 13.82 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less -
316 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,948 88.7 % 2,790 11.83 ALDI At Home, Big Lots, Carbon Athletics, Franklin Athletic Club -
317 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 100.0 % 4,215 12.72 - Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness -
318 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 100.0 % 2,043 9.31 - Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less -
319 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 997 8.35 - Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park -
320 The Commons at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 93.5 % 9,523 16.71 - Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Dave & Busters, David's Bridal, DSW, Office Depot, Painted Tree Marketplace, PetSmart, T.J.Maxx Target, The Home Depot
321 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 92.4 % 1,405 13.33 Kroger Aaron's -
322 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 100.0 % 1,147 13.21 Kroger - Walgreens
323 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 170,605 96.0 % 2,132 13.01 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet Fitness -
324 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 90.1 % 1,336 15.46 - 24 Hour Fitness -
325 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 98.5 % 698 9.89 El Ahorro Supermarket Dollar Tree, Family Dollar -
326 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 88.8 % 951 7.82 - Tops Printing -
327 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.7 % 3,138 18.27 - Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's Supplemental Disclosure - Three Months Ended March 31, 2022 Page 44
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PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
328 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 98.1 % 1,418 28.11 Kroger CVS -
329 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 100.0 % 1,177 13.90 - Crunch Fitness, Dollar Tree, Tuesday Morning -
330 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 97.4 % 2,454 26.42 Tom Thumb (Albertsons) Ace Hardware, PetSmart -
331 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 34.8 % 335 14.81 - Family Dollar -
332 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 98.2 % 756 11.16 - Canales, Family Dollar -
333 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 97.0 % 474 10.74 - Big Lots, O'Reilly Auto Parts -
334 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 89.9 % 1,195 12.86 El Rio Grande Latin Market Family Dollar -
335 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2022 464,995 93.1 % 6,346 14.94 El Rancho, Kroger Fallas, Five Below, Kids Empire, LA Fitness, Mi Doctor, Ross Dress for Less -
336 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 96.9 % 1,139 9.94 Food Town Burkes Outlet, Walgreens -
337 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 793,217 90.6 % 15,849 22.04 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, PopShelf, Ross Dress for Less, T.J.Maxx -
338 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 92.0 % 1,800 11.47 Tom Thumb (Albertsons) Fan Boys, Goody Goody Wine & Spirits -
339 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 92.5 % 3,846 21.05 Tom Thumb (Albertsons) DSW, Ulta -
340 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,306 14.68 Truong Nguyen Grocer - -
341 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.8 % 1,213 12.36 - Painted Tree Marketplace, Planet Fitness -
342 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 100.0 % 816 11.39 Kroger - -
343 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 97.0 % 1,031 30.46 Kroger - -
344 Braes Heights (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2022 92,179 95.9 % 2,603 29.44 - CVS, I W Marks Jewelers, My Salon Suites -
345 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,382 96.3 % 687 7.81 Food Town - -
346 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,988 100.0 % 959 13.29 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions -
347 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 90.6 % 1,402 15.61 ALDI 24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors -
348 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 94.7 % 2,201 11.17 El Rancho Big Lots, Conn's -
349 Jester Village (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2022 62,665 88.4 % 1,244 22.45 - 24 Hour Fitness -
350 Jones Plaza (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2022 111,206 85.9 % 1,078 11.28 La Michoacana Supermarket Aaron's, Fitness Connection -
351 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 98.4 % 1,554 9.30 - Big Lots, Hobby Lobby, Octapharma -
352 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 97.0 % 928 9.64 Foodarama Burke's Outlet, Kids Empire -
353 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,451 97.5 % 3,546 14.75 Kroger Big Lots, Petco, Planet Fitness, Ross Dress for Less, Tuesday Morning -
354 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 40,244 100.0 % 472 11.73 El Rancho* Affordable Furniture, Firestone, TitleMax -
355 Northshore Houston TX Houston-The Woodlands-Sugar Land, TX 2001 223,954 91.7 % 2,937 14.54 Sellers Bros. Conn's, Dollar Tree, Oak Street Health, Office Depot -
356 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,666 91.8 % 2,445 14.17 El Rancho 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) -
357 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,704 84.2 % 1,631 11.02 - 24 Hour Fitness, Floor & Décor -
358 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 146,279 96.9 % 3,406 24.03 H-E-B - -
359 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 83,343 97.9 % 1,306 16.15 ALDI Dollar Tree, Party City, Salon In The Park -
360 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 97.2 % 2,402 10.06 Fiesta Mart King Dollar, Marshalls, Sanitas Medical Center -
361 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 96.4 % 2,080 15.70 Kroger LA Fitness -
362 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 186,732 85.4 % 1,778 11.52 Kroger Burkes Outlet -
363 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 94.9 % 1,333 8.98 Kroger American Freight Furniture, Harbor Freight Tools, Walgreens -
364 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 142,058 93.6 % 2,873 22.54 Central Market (H-E-B) - -
365 Preston Park Village (3) Plano TX Dallas-Fort Worth-Arlington, TX 2022 256,343 84.0 % 5,249 24.37 - Gap Factory Store, HomeGoods, Petco, Rollie Pollies Gymnastics Center -
366 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,293 96.5 % 1,418 12.08 El Rancho Family Dollar - Supplemental Disclosure - Three Months Ended March 31, 2022 Page 45
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PROPERTY LIST
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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
367 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,922 91.3 % 2,128 10.48 Kroger Conn's, Harbor Freight Tools, Planet Fitness -
368 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 32.8 % 806 24.40 - - -
369 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 74.3 % 922 9.34 - Ollie's Bargain Outlet, Tractor Supply Co. -
370 Hanover Square Mechanicsville VA Richmond, VA 1991 141,620 93.0 % 2,091 15.88 - Gold's Gym, Hobby Lobby Kohl's
371 Tuckernuck Square Richmond VA Richmond, VA 1981 88,220 94.6 % 1,458 17.47 - 2nd & Charles, Chuck E. Cheese's -
372 Cave Spring Corners Roanoke VA Roanoke, VA 2005 147,133 91.9 % 1,091 14.30 Kroger Hamrick's -
373 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 97.1 % 1,435 8.89 - Dollar Tree, Kohl's, PetSmart -
374 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,300 90.3 % 2,929 21.82 Trader Joe's JOANN, PetSmart, Ulta -
375 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 90.0 % 1,938 9.65 Price Chopper Dollar Tree, T.J.Maxx, Walmart -
376 Spring Mall Greenfield WI Milwaukee-Waukesha, WI 2003 45,920 31.3 % 144 10.01 - - Walgreens
377 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 219,230 87.3 % 3,159 16.50 Sendik's Food Market Bed Bath & Beyond, Marshalls -
378 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 94.7 % 934 10.03 Pick 'n Save (Kroger) - -
379 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,545 93.4 % 1,426 7.51 - Hobby Lobby, Kohl's -
380 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 90.7 % 782 11.44 - Office Depot, O'Reilly Auto Parts -
TOTAL PORTFOLIO 67,203,965 92.1 % $ 910,758 $ 15.64
(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 March 31, 2022 Page 46
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