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8-K

Brixmor Property Group Inc. (BRX)

8-K 2026-02-09 For: 2026-02-09
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Added on April 11, 2026
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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): February 9, 2026

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

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

100 Park Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

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 February 9, 2026, Brixmor Property Group Inc. (the "Company") issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the fourth quarter and year ended December 31, 2025. 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 February 9, 2026.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the fourth quarter ended December 31, 2025.
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: February 9, 2026 BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary LLC, its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary

Document

Exhibit 99.1

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100 Park Avenue : New York, NY 10017 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater

Senior Vice President, Investor Relations

800.468.7526

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS

  • Delivered Record Annual Operating Results, Including Small Shop Occupancy -

  • Executed a Record $70 Million of New Lease ABR -

NEW YORK, FEBRUARY 9, 2026 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2025. For the three months ended December 31, 2025 and 2024, net income attributable to Brixmor Property Group Inc. was $0.44 per diluted share and $0.27 per diluted share, respectively, and for the twelve months ended December 31, 2025 and 2024, net income attributable to Brixmor Property Group Inc. was $1.25 per diluted share and $1.11 per diluted share, respectively.

Key highlights for the three months ended December 31, 2025 include:

•Executed 1.5 million square feet of new and renewal leases, with rent spreads on comparable space of 24.2%, including 0.9 million square feet of new leases, with rent spreads on comparable space of 34.7%

•Sequentially increased total leased occupancy to 95.1%, anchor leased occupancy to 96.6%, and small shop leased occupancy to a record 92.2%

◦Commenced $19.6 million of annualized base rent

◦Leased to billed occupancy spread totaled 350 basis points

◦Total signed but not yet commenced new lease population represented 2.7 million square feet and $62.3 million of annualized base rent

•Reported an increase in same property NOI of 6.0%, including a contribution from base rent of 360 basis points

•Reported Nareit FFO of $178.4 million, or $0.58 per diluted share

•Stabilized $92.0 million of reinvestment projects at an average incremental NOI yield of 9%, with the in process reinvestment pipeline totaling $336.4 million at an expected average incremental NOI yield of 10%

•Completed $190.7 million of acquisitions and $170.2 million of dispositions

•Renewed the Company's $400.0 million share repurchase program and $400.0 million at-the-market (“ATM”) equity offering program

Key highlights for the twelve months ended December 31, 2025 include:

•Executed 6.0 million square feet of new and renewal leases, with rent spreads on comparable space of 21.7%, including 3.0 million square

feet of new leases, with rent spreads on comparable space of 38.7%

•Reported an increase in same property NOI of 4.2%, including a contribution from base rent of 360 basis points

•Reported Nareit FFO of $693.3 million, or $2.25 per diluted share

•Stabilized $183.3 million of reinvestment projects at an average incremental NOI yield of 10%

•Completed $416.8 million of acquisitions and $296.5 million of dispositions

•Issued $800.0 million aggregate principal amount of Senior Notes

•Amended and restated the Company's $1.75 billion unsecured credit facilities on April 24, 2025, extending the maturities and lowering pricing

•Published the Company's annual Corporate Responsibility Report on June 12, 2025

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•Appointed Brian T. Finnegan to Chief Executive Officer effective January 1, 2026, following the announced retirement of James M. Taylor Jr., the Company's former Chief Executive Officer; Mr. Finnegan also replaced Mr. Taylor on the Company's Board of Directors and retained the title of President

Subsequent events:

•Provided 2026 Nareit FFO per diluted share expectations of $2.33 - $2.37 and same property NOI growth expectations of 4.50% - 5.50%

•Completed $35.9 million of dispositions

“2025 was another exceptional year for the Brixmor team as we capitalized on demand from best-in-class tenants across a range of thriving retail categories to continue to drive growth and value for our stakeholders," commented Brian T. Finnegan, Chief Executive Officer and President. "Our solid execution across the Company, including the largest sequential occupancy gain in the Company’s history to end the year, has us well positioned to accelerate our business plan to deliver growth in 2026 and beyond."

FINANCIAL HIGHLIGHTS

Net Income Attributable to Brixmor Property Group Inc.

•For the three months ended December 31, 2025 and 2024, net income attributable to Brixmor Property Group Inc. was $137.1 million, or $0.44 per diluted share, and $83.4 million, or $0.27 per diluted share, respectively.

•For the twelve months ended December 31, 2025 and 2024, net income attributable to Brixmor Property Group Inc. was $386.2 million, or $1.25 per diluted share, and $339.3 million, or $1.11 per diluted share, respectively.

Nareit FFO

•For the three months ended December 31, 2025 and 2024, Nareit FFO was $178.4 million, or $0.58 per diluted share, and $161.4 million, or $0.53 per diluted share, respectively. Results for the three months ended December 31, 2025 and 2024 include items that impact FFO comparability, including transaction expenses, net, of $(0.0) million, or $(0.00) per diluted share, and $(0.7) million, or $(0.00) per diluted share, respectively.

•For the twelve months ended December 31, 2025 and 2024, Nareit FFO was $693.3 million, or $2.25 per diluted share, and $647.9 million, or $2.13 per diluted share, respectively. Results for the twelve months ended December 31, 2025 and 2024 include items that impact FFO comparability, including gain (loss) on extinguishment of debt, net and transaction expenses, net, of $(0.4) million, or $(0.00) per diluted share, and $(0.3) million, or $(0.00) per diluted share, respectively.

Same Property NOI Performance

•For the three months ended December 31, 2025, the Company reported an increase in same property NOI of 6.0% versus the comparable 2024 period.

•For the twelve months ended December 31, 2025, the Company reported an increase in same property NOI of 4.2% versus the comparable 2024 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.3075 per common share (equivalent to $1.23 per annum). The dividend is payable on April 15, 2026 to stockholders of record on April 2, 2026.

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PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended December 31, 2025, the Company stabilized nine value enhancing reinvestment projects with a total aggregate net cost of approximately $92.0 million at an average incremental NOI yield of 9% and added eight new reinvestment projects to its in process pipeline. Projects added include six anchor space repositioning projects, one outparcel development project, and one redevelopment project, with a total aggregate net estimated cost of approximately $56.1 million at an expected average incremental NOI yield of 11%.

•At December 31, 2025, the value enhancing reinvestment in process pipeline was comprised of 33 projects with an aggregate net estimated cost of approximately $336.4 million at an expected average incremental NOI yield of 10%. The in process pipeline includes 14 anchor space repositioning projects with an aggregate net estimated cost of approximately $63.9 million at an expected incremental NOI yield of 7% - 14%; six outparcel development projects with an aggregate net estimated cost of approximately $16.8 million at an expected average incremental NOI yield of 12%; and 13 redevelopment projects with an aggregate net estimated cost of approximately $255.8 million at an expected average incremental NOI yield of 10%.

•An in-depth review of a redevelopment project which highlights the Company's reinvestment capabilities, Barn Plaza (Philadelphia-Camden-Wilmington, PA-NJ-DE-MD CBSA), can be found at this link: https://www.brixmor.com/blog/barn-plaza-anchor-moves.

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

Acquisitions

•As previously announced, during the three months ended December 31, 2025, the Company acquired two shopping centers and one land parcel at an existing property for a combined purchase price of $190.7 million, including:

◦Chino Spectrum Towne Center, a 461,246 square foot grocery-anchored regional center located in the dense, high-income market of Chino Hills, California, less than 35 minutes east of Los Angeles, for $138.0 million.

◦Broomfield Town Centre, a 175,368 square foot grocery-anchored community shopping center located in the high-income Denver suburb of Broomfield, Colorado for $51.2 million.

•As previously announced, during the twelve months ended December 31, 2025, the Company acquired three shopping centers and two land parcels at existing properties for a combined purchase price of $416.8 million.

Dispositions

•As previously announced, during the three months ended December 31, 2025, the Company generated $170.2 million of gross proceeds on the disposition of eight shopping centers, as well as two partial properties.

•As previously announced, during the twelve months ended December 31, 2025, the Company generated $296.5 million of gross proceeds on the disposition of 18 shopping centers, as well as six partial properties.

•Subsequent to December 31, 2025, the Company generated approximately $35.9 million of proceeds on the disposition of two shopping centers.

CAPITAL STRUCTURE

•On October 28, 2025, the Company renewed its $400.0 million share repurchase program and its $400.0 million ATM equity offering program, which together will continue to provide Brixmor with maximum flexibility to capitalize on a wide range of potential capital markets environments and support the long-term execution of its business plan.

•During the twelve months ended December 31, 2025, the Company's Operating Partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), issued $800.0 million aggregate principal amount of Senior Notes.

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100 Park Avenue : New York, NY 10017 : 800.468.7526

•On April 24, 2025, the Operating Partnership amended and restated its $1.25 billion revolving credit facility and $500.0 million term loan facility. The restated unsecured credit facilities extend the maturity of the revolving credit facility to April 2029, extend the maturity of the term loan facility to April 2030, and improve the pricing of the unsecured credit facilities.

•At December 31, 2025, the Company had $1.6 billion in liquidity.

•At December 31, 2025, the Company's net principal debt to adjusted EBITDA, current quarter annualized was 5.4x and net principal debt to adjusted EBITDA, trailing twelve months was 5.6x.

GUIDANCE

•The Company expects 2026 NAREIT FFO per diluted share of $2.33 - $2.37 and same property NOI growth of 4.50% - 5.50%.

◦Revenues deemed uncollectible is expected to total 75 - 100 bps of total expected revenues in 2026.

◦2026 expectations do not include any items that impact FFO comparability, which include gain or loss on extinguishment of debt, net and transaction expenses, net, or any other one-time items.

•The following table provides a bridge from the Company's 2025 Nareit FFO per diluted share to the Company's 2026 expected Nareit FFO per diluted share:

Low High
2025 Nareit FFO per diluted share $2.25 $2.25
Same property NOI growth 0.14 0.17
Interest expense (0.03) (0.03)
Lease termination fees (0.03) (0.03)
Non-cash GAAP rental adjustments 1 (0.02) (0.01)
Impact of transaction activity 0.01 0.01
General and administrative expense and other 2 0.01 0.01
2026E Nareit FFO per diluted share $2.33 $2.37

1.Includes straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense.

2.Includes general and administrative expense, dividends and interest, non-real estate depreciation and amortization, and other income (expense).

•The following table provides a reconciliation of the range of the Company's 2026 estimated net income attributable to Brixmor Property Group Inc. to Nareit FFO:

(Unaudited, dollars in millions, except per share amounts) 2026E 2026E Per Diluted Share
Net income attributable to Brixmor Property Group Inc. $299 - $312 $0.97 - $1.01
Depreciation and amortization related to real estate 418 1.36
Nareit FFO $717 - $730 $2.33 - $2.37

CONNECT WITH BRIXMOR

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

•Follow Brixmor on:

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

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

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

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

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100 Park Avenue : New York, NY 10017 : 800.468.7526

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, February 10, 2026 at 10:00 AM ET. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through February 24, 2026 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13757055) or via the web through February 10, 2027 at https://www.brixmor.com in the Investors section.

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

NON-GAAP PERFORMANCE MEASURES

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

Nareit FFO

Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (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 (calculated in accordance with GAAP) that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.

Same Property NOI

Same property NOI is a supplemental, non-GAAP performance measure utilized to evaluate the operating performance of real estate companies. Same property NOI is calculated (using properties owned for the entirety of both periods and excluding properties under development and completed new development properties that have been stabilized for less than one year) as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). Same property NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) income or expense associated with the Company's captive insurance company, (vi) depreciation and amortization, (vii) impairment of real estate assets, (viii) general and administrative expense, and (ix) other income and expense (including

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100 Park Avenue : New York, NY 10017 : 800.468.7526

interest expense and gain on sale of real estate assets). Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, income or expense associated with the Company’s captive insurance company, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that same property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.

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

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

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 348 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a valued partner to a broad range of 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.

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SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (10) risks related to cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of As of
12/31/25 12/31/24
Assets
Real estate
$ 1,849,779 $ 1,834,814
9,296,849 8,895,571
92,129 152,260
548,740 526,412
11,787,497 11,409,057
(3,588,646) (3,410,179)
Real estate, net 8,198,851 7,998,878
Cash and cash equivalents 334,422 377,616
Restricted cash 27,108 1,076
Marketable securities 21,283 20,301
Receivables, net, including straight-line rent receivables of 237,837 and 208,785, respectively 315,128 281,947
Deferred charges and prepaid expenses, net 169,326 167,080
Real estate assets held for sale 4,551 4,189
Other assets 62,468 57,827
Total assets $ 9,133,137 $ 8,908,914
Liabilities
Debt obligations, net $ 5,494,753 $ 5,339,751
Accounts payable, accrued expenses and other liabilities 628,328 585,241
Total liabilities 6,123,081 5,924,992
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,061 3,055
Additional paid-in capital 3,437,853 3,431,043
Accumulated other comprehensive income 1,722 8,218
Distributions in excess of net income (432,822) (458,638)
Total stockholders' equity 3,009,814 2,983,678
242 244
Total equity 3,010,056 2,983,922
Total liabilities and equity $ 9,133,137 $ 8,908,914

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 Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Revenues
Rental income $ 352,209 $ 328,356 $ 1,369,465 $ 1,283,421
Other revenues 1,541 86 2,132 1,633
Total revenues 353,750 328,442 1,371,597 1,285,054
Operating expenses
Operating costs 44,306 42,307 162,285 152,825
Real estate taxes 44,324 43,632 178,231 164,291
Depreciation and amortization 102,822 103,331 414,930 381,396
Impairment of real estate assets 4,386 — 20,461 11,143
General and administrative 28,631 27,933 112,669 116,363
Total operating expenses 224,469 217,203 888,576 826,018
Other income (expense)
Dividends and interest 3,649 4,978 7,736 20,776
Interest expense (59,516) (55,441) (224,689) (215,994)
Gain on sale of real estate assets 64,496 24,090 123,339 78,064
Gain (Loss) on extinguishment of debt, net — — (296) 554
Other (780) (1,460) (2,856) (3,160)
Total other expense 7,849 (27,833) (96,766) (119,760)
Net income 137,130 83,406 386,255 339,276
Net income attributable to non-controlling interests (5) (2) (27) (2)
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Net income attributable to Brixmor Property Group Inc. per common share:
Basic $ 0.45 $ 0.27 $ 1.26 $ 1.12
Diluted $ 0.44 $ 0.27 $ 1.25 $ 1.11
Weighted average shares:
Basic 307,232 305,042 307,181 303,130
Diluted 307,933 306,052 307,866 304,038
vii
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Depreciation and amortization related to real estate 101,413 102,125 409,947 375,511
Gain on sale of real estate assets (64,496) (24,090) (123,339) (78,064)
Impairment of real estate assets 4,386 — 20,461 11,143
Nareit FFO $ 178,428 $ 161,439 $ 693,297 $ 647,864
Nareit FFO per diluted share $ 0.58 $ 0.53 $ 2.25 $ 2.13
Weighted average diluted shares outstanding 307,933 306,052 307,866 304,038
Items that impact FFO comparability
Gain (Loss) on extinguishment of debt, net $ — $ — $ (296) $ 554
Transaction expenses, net (36) (748) (58) (879)
Total items that impact FFO comparability $ (36) $ (748) $ (354) $ (325)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 6,324 $ 7,198 $ 33,444 $ 30,867
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,747 3,327 14,560 8,562
Straight-line ground rent expense, net (1) (158) (87) (591) (68)
Dividends declared per share $ 0.3075 $ 0.2875 $ 1.1700 $ 1.1050
Dividends declared $ 94,127 $ 87,829 $ 358,126 $ 334,362
Dividend payout ratio (as % of Nareit FFO) 52.8 % 54.4 % 51.7 % 51.6 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
viii
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SAME PROPERTY NOI ANALYSIS
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Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 Change 12/31/25 12/31/24 Change
Same Property NOI Analysis
Number of properties 337 337 — 332 332 —
Percent billed 91.7 % 91.6 % 0.1 % 91.7 % 91.5 % 0.2 %
Percent leased 95.3 % 95.6 % (0.3) % 95.3 % 95.6 % (0.3) %
Revenues
Base rent $ 232,386 $ 224,505 $ 903,042 $ 871,807
Expense reimbursements 76,988 74,212 292,077 275,598
Revenues deemed uncollectible (3,591) (3,378) (10,987) (8,655)
Ancillary and other rental income / Other revenues 10,270 5,717 32,323 23,146
Percentage rents 1,411 1,867 8,978 9,534
317,464 302,923 4.8 % 1,225,433 1,171,430 4.6 %
Operating expenses
Operating costs (40,810) (39,837) (149,004) (142,965)
Real estate taxes (42,024) (41,686) (166,157) (154,932)
(82,834) (81,523) 1.6 % (315,161) (297,897) 5.8 %
Same property NOI $ 234,630 $ 221,400 6.0 % $ 910,272 $ 873,533 4.2 %
NOI margin 73.9 % 73.1 % 74.3 % 74.6 %
Expense recovery ratio 92.9 % 91.0 % 92.7 % 92.5 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 7,881 3.6 % $ 31,235 3.6 %
Revenues deemed uncollectible (213) (0.1) % (2,332) (0.3) %
Net expense reimbursements 1,465 0.7 % (785) (0.1) %
Ancillary and other rental income / Other revenues 4,553 2.0 % 9,177 1.1 %
Percentage rents (456) (0.2) % (556) (0.1) %
6.0 % 4.2 %
Reconciliation of Net income attributable to Brixmor Property Group Inc. to Same Property NOI
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Adjustments:
Non-same property NOI (12,251) (9,607) (58,007) (51,436)
Lease termination fees (9,326) (1,058) (15,389) (3,608)
Straight-line rental income, net (6,324) (7,198) (33,444) (30,867)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,747) (3,327) (14,560) (8,562)
Straight-line ground rent expense, net 158 87 591 68
Depreciation and amortization 102,822 103,331 414,930 381,396
Impairment of real estate assets 4,386 — 20,461 11,143
General and administrative 28,631 27,933 112,669 116,363
Total other expense (7,849) 27,833 96,766 119,760
Net income attributable to non-controlling interests 5 2 27 2
Same property NOI $ 234,630 $ 221,400 $ 910,272 $ 873,533
ix
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EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Net income $ 137,130 $ 83,406 $ 386,255 $ 339,276
Interest expense 59,516 55,441 224,689 215,994
Federal and state taxes 652 758 2,765 2,740
Depreciation and amortization 102,822 103,331 414,930 381,396
EBITDA 300,120 242,936 1,028,639 939,406
Gain on sale of real estate assets (64,496) (24,090) (123,339) (78,064)
Impairment of real estate assets 4,386 — 20,461 11,143
EBITDAre $ 240,010 $ 218,846 $ 925,761 $ 872,485
EBITDAre $ 240,010 $ 218,846 $ 925,761 $ 872,485
(Gain) Loss on extinguishment of debt, net — — 296 (554)
Transaction expenses, net 36 748 58 879
Total adjustments 36 748 354 325
Adjusted EBITDA $ 240,046 $ 219,594 $ 926,115 $ 872,810
Adjusted EBITDA $ 240,046 $ 219,594 $ 926,115 $ 872,810
Straight-line rental income, net (6,324) (7,198) (33,444) (30,867)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,747) (3,327) (14,560) (8,562)
Straight-line ground rent expense, net (1) 158 87 591 68
Total adjustments (8,913) (10,438) (47,413) (39,361)
Cash Adjusted EBITDA $ 231,133 $ 209,156 $ 878,702 $ 833,449
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
12/31/25
Debt obligations, net $ 5,494,753
Less: Net unamortized premium (10,277)
Add: Deferred financing fees 33,977
Less: Cash, cash equivalents and restricted cash (361,530)
Net Principal Debt $ 5,156,923
Adjusted EBITDA, current quarter annualized $ 960,184
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.4x
Adjusted EBITDA, trailing twelve months $ 926,115
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.6x
x
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Document

Exhibit 99.2

cover4q.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended December 31, 2025
TABLE OF CONTENTS
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Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA & Reconciliation of Debt Obligations, Net to Net Principal Debt 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
Same Property NOI Analysis 11
Capital Expenditures 12
Capitalization, Liquidity & Debt Ratios 13
Debt Obligations 14
Covenant Disclosure 15
Investment Summary
Acquisitions 17
Dispositions 18
Anchor Space Repositioning Summary 19
Outparcel Development Summary 20
Redevelopment Summary 21
Future Redevelopment Opportunities 23
Portfolio Summary
Portfolio Overview 26
Portfolio Composition 27
Top Forty Retailers Ranked by ABR 28
New & Renewal Lease Summary 29
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 30
Lease Expiration Schedule 31
Major CBSA Detail 32
Properties by State 35
Property List 36
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and YouTube at https://www.youtube.com/user/Brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s other periodic filings with the SEC. The forward looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
Supplemental Disclosure - Three Months Ended December 31, 2025
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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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 that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included and all signed leases on space that will be vacated by existing tenants in the near term are excluded.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.<br>References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, & Net Principal Debt to Adjusted EBITDA, trailing twelve months Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income (calculated in accordance with GAAP) before non-controlling interests to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (calculated in accordance with GAAP) before non-controlling interests excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. Net Principal Debt to Adjusted EBITDA, current quarter annualized and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated as Net Principal Debt divided by quarterly annualized Adjusted EBITDA or trailing twelve month Adjusted EBITDA, respectively. EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Generally Accepted Accounting Principles ("GAAP") GAAP refers to a common set of United States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date, excluding all signed leases on space that will be vacated by existing tenants in the near term.
Local Tenants Single-state operators with fewer than 20 locations.
Major Tenants Any grocer and all national / regional anchor tenants.
Nareit National Association of Real Estate Investment Trusts.
Nareit Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income (calculated in accordance with GAAP) to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (calculated in accordance with GAAP) excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Before Tenant Specific Landlord Work Average ABR PSF over the lease term adjusted for tenant improvements and allowances (excluding base building costs) and third-party leasing commissions. For purposes of calculating net effective rent before tenant specific landlord work, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income (calculated in accordance with GAAP) to NOI is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
Net Principal Debt Debt obligations, net, calculated in accordance with GAAP, excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. A reconciliation of debt obligations, net to Net Principal Debt is provided on page 7.
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the estimated incremental third-party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-controlling Interests Relate to the portion of Brixmor Property Group Inc. held by the non-controlling interest holders.
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed Billed GLA as a percentage of total GLA.
Percent Leased Leased GLA as a percentage of total GLA.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
PSF Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income (calculated in accordance with GAAP) to Same Property NOI is provided on page 11.<br><br>Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis: Three Months<br>Ended 12/31/25 Twelve Months<br>Ended 12/31/25
Total properties in Brixmor Property Group portfolio 348 348
Acquired properties excluded from Same Property NOI (7) (10)
Additional exclusions (1) (4) (6)
Same Property NOI pool (2) 337 332
(1) Additional exclusions for the three months ended December 31, 2025 and 2024 include four properties that were subject to partial dispositions in 2025. Additional exclusions for the twelve months ended December 31, 2025 and 2024 include two properties that were subject to partial dispositions in 2024 and four properties that were subject to partial dispositions in 2025.
(2) The Same Property NOI pool includes the balance of a shopping center when an outparcel has been acquired or if a partial disposition can be disaggregated from the remaining property. Two outparcels acquired in 2025 are excluded from the Same Property NOI pool for the three months ended December 31, 2025 and 2024. One outparcel acquired in 2024 and two outparcels acquired in 2025 are excluded from the Same Property NOI pool for the twelve months ended December 31, 2025 and 2024.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Secured Overnight Financing Rate ("SOFR") SOFR is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the London Interbank Offered Rate ("LIBOR").
Straight-line Rent Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted <br>       EBITDA, Cash Adjusted EBITDA, <br>       Net Principal Debt to <br>       Adjusted EBITDA, current <br>       quarter annualized, & Net <br>       Principal Debt to Adjusted<br>       EBITDA, trailing twelve months Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months, are useful to investors in measuring its operating performance because they exclude items included in net income (calculated in accordance with GAAP) before non-controlling interests that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income (calculated in accordance with GAAP) that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, income or expense associated with the Company's captive insurance company, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods. Supplemental Disclosure - Three Months Ended December 31, 2025 Page 2
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RESULTS OVERVIEW & GUIDANCE ↩ Table of Contents
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Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended Twelve Months Ended
Summary Financial Results 12/31/25 12/31/24 12/31/25 12/31/24
Total revenues (page 6) 353,750 328,442 1,371,597 1,285,054
Net income attributable to Brixmor Property Group Inc. (page 6) 137,125 83,404 386,228 339,274
Net income attributable to Brixmor Property Group Inc. per diluted share (page 6) 0.44 0.27 1.25 1.11
NOI (page 10) 246,881 231,007 968,279 924,969
EBITDA (page 7) 300,120 242,936 1,028,639 939,406
EBITDAre (page 7) 240,010 218,846 925,761 872,485
Adjusted EBITDA (page 7) 240,046 219,594 926,115 872,810
Cash Adjusted EBITDA (page 7) 231,133 209,156 878,702 833,449
Nareit FFO (page 8) 178,428 161,439 693,297 647,864
Nareit FFO per diluted share (page 8) 0.58 0.53 2.25 2.13
Items that impact FFO comparability, net per share (page 8) (0.00) (0.00) (0.00) (0.00)
Dividends declared per share (page 8) 0.3075 0.2875 1.1700 1.1050
Dividend payout ratio (as % of Nareit FFO) (page 8) 52.8 54.4 51.7 51.6
Three Months Ended
Summary Operating and Financial Ratios 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24
NOI margin (page 10) 73.6 74.1 74.3 74.0 72.9
Same property NOI performance (page 11) (1) 6.0 4.0 3.8 2.8 4.7
Fixed charge coverage, current quarter annualized (page 13) 4.0x 4.1x 4.2x 4.2x 4.0x
Fixed charge coverage, trailing twelve months (page 13) 4.1x 4.1x 4.1x 4.0x 4.0x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (page 7) (2) 5.4x 5.6x 5.5x 5.5x 5.7x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (page 7) (2) 5.6x 5.7x 5.6x 5.7x 5.7x
Outstanding Classes of Stock As of 12/31/25 As of 9/30/25 As of 6/30/25 As of 3/31/25 As of 12/31/24
Common shares outstanding (page 13) 306,105 306,100 306,100 306,060 305,492
Three Months Ended
Summary Acquisitions and Dispositions 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24
Aggregate purchase price of acquisitions (page 17) 190,689 223,000 — 3,100 211,835
Aggregate sale price of dispositions (page 18) 170,191 81,197 22,350 22,750 69,300
NOI adjustment for acquisitions and dispositions, net (3) (346)
Summary Portfolio Statistics (4) As of 12/31/25 As of 9/30/25 As of 6/30/25 As of 3/31/25 As of 12/31/24
Number of properties (page 26) 348 354 360 361 363
Percent billed (page 26) 91.6 90.2 89.7 90.0 91.4
Percent leased (page 26) 95.1 94.1 94.2 94.1 95.2
ABR PSF (page 26) 18.77 18.48 18.07 17.94 17.66
New lease rent spread (page 29) 34.7 30.5 43.8 47.5 34.4
New & renewal lease rent spread (page 29) 24.2 17.8 24.2 20.5 21.0
Total - new, renewal & option lease rent spread (page 29) 18.6 12.8 19.4 15.0 16.1
Total - new, renewal & option GLA (page 29) 2,179,975 2,638,011 2,465,322 2,247,394 2,531,648
2026 Guidance Current
Nareit FFO per diluted share 2.33 - 2.37
Same property NOI performance 4.50% - 5.50%
(1) Reflects same property NOI as reported for the specified period.
(2) Net Principal Debt is as of the end of each specified period.
(3) Represents an estimate of the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 3
> FINANCIAL SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended December 31, 2025
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
12/31/25 12/31/24
Assets
Real estate
$ 1,849,779 $ 1,834,814
9,296,849 8,895,571
92,129 152,260
548,740 526,412
11,787,497 11,409,057
(3,588,646) (3,410,179)
Real estate, net 8,198,851 7,998,878
Cash and cash equivalents 334,422 377,616
Restricted cash 27,108 1,076
Marketable securities 21,283 20,301
Receivables, net, including straight-line rent receivables of 237,837 and 208,785, respectively 315,128 281,947
Deferred charges and prepaid expenses, net 169,326 167,080
Real estate assets held for sale 4,551 4,189
Other assets 62,468 57,827
Total assets $ 9,133,137 $ 8,908,914
Liabilities
Debt obligations, net $ 5,494,753 $ 5,339,751
Accounts payable, accrued expenses and other liabilities 628,328 585,241
Total liabilities 6,123,081 5,924,992
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,061 3,055
Additional paid-in capital 3,437,853 3,431,043
Accumulated other comprehensive income 1,722 8,218
Distributions in excess of net income (432,822) (458,638)
Total stockholders' equity 3,009,814 2,983,678
242 244
Total equity 3,010,056 2,983,922
Total liabilities and equity $ 9,133,137 $ 8,908,914

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Revenues
Rental income $ 352,209 $ 328,356 $ 1,369,465 $ 1,283,421
Other revenues 1,541 86 2,132 1,633
Total revenues 353,750 328,442 1,371,597 1,285,054
Operating expenses
Operating costs 44,306 42,307 162,285 152,825
Real estate taxes 44,324 43,632 178,231 164,291
Depreciation and amortization 102,822 103,331 414,930 381,396
Impairment of real estate assets 4,386 — 20,461 11,143
General and administrative 28,631 27,933 112,669 116,363
Total operating expenses 224,469 217,203 888,576 826,018
Other income (expense)
Dividends and interest 3,649 4,978 7,736 20,776
Interest expense (59,516) (55,441) (224,689) (215,994)
Gain on sale of real estate assets 64,496 24,090 123,339 78,064
Gain (Loss) on extinguishment of debt, net — — (296) 554
Other (780) (1,460) (2,856) (3,160)
Total other expense 7,849 (27,833) (96,766) (119,760)
Net income 137,130 83,406 386,255 339,276
Net income attributable to non-controlling interests (5) (2) (27) (2)
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Net income attributable to Brixmor Property Group Inc. per common share:
Basic $ 0.45 $ 0.27 $ 1.26 $ 1.12
Diluted $ 0.44 $ 0.27 $ 1.25 $ 1.11
Weighted average shares:
Basic 307,232 305,042 307,181 303,130
Diluted 307,933 306,052 307,866 304,038
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 6
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EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Net income $ 137,130 $ 83,406 $ 386,255 $ 339,276
Interest expense 59,516 55,441 224,689 215,994
Federal and state taxes 652 758 2,765 2,740
Depreciation and amortization 102,822 103,331 414,930 381,396
EBITDA 300,120 242,936 1,028,639 939,406
Gain on sale of real estate assets (64,496) (24,090) (123,339) (78,064)
Impairment of real estate assets 4,386 — 20,461 11,143
EBITDAre $ 240,010 $ 218,846 $ 925,761 $ 872,485
EBITDAre $ 240,010 $ 218,846 $ 925,761 $ 872,485
(Gain) Loss on extinguishment of debt, net — — 296 (554)
Transaction expenses, net 36 748 58 879
Total adjustments 36 748 354 325
Adjusted EBITDA $ 240,046 $ 219,594 $ 926,115 $ 872,810
Adjusted EBITDA $ 240,046 $ 219,594 $ 926,115 $ 872,810
Straight-line rental income, net (6,324) (7,198) (33,444) (30,867)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,747) (3,327) (14,560) (8,562)
Straight-line ground rent expense, net (1) 158 87 591 68
Total adjustments (8,913) (10,438) (47,413) (39,361)
Cash Adjusted EBITDA $ 231,133 $ 209,156 $ 878,702 $ 833,449
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
12/31/25
Debt obligations, net $ 5,494,753
Less: Net unamortized premium (10,277)
Add: Deferred financing fees 33,977
Less: Cash, cash equivalents and restricted cash (361,530)
Net Principal Debt $ 5,156,923
Adjusted EBITDA, current quarter annualized $ 960,184
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.4x
Adjusted EBITDA, trailing twelve months $ 926,115
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.6x
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 7
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FUNDS FROM OPERATIONS (FFO) ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Depreciation and amortization related to real estate 101,413 102,125 409,947 375,511
Gain on sale of real estate assets (64,496) (24,090) (123,339) (78,064)
Impairment of real estate assets 4,386 — 20,461 11,143
Nareit FFO $ 178,428 $ 161,439 $ 693,297 $ 647,864
Nareit FFO per diluted share $ 0.58 $ 0.53 $ 2.25 $ 2.13
Weighted average diluted shares outstanding 307,933 306,052 307,866 304,038
Items that impact FFO comparability
Gain (Loss) on extinguishment of debt, net $ — $ — $ (296) $ 554
Transaction expenses, net (36) (748) (58) (879)
Total items that impact FFO comparability $ (36) $ (748) $ (354) $ (325)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 6,324 $ 7,198 $ 33,444 $ 30,867
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,747 3,327 14,560 8,562
Straight-line ground rent expense, net (1) (158) (87) (591) (68)
Dividends declared per share $ 0.3075 $ 0.2875 $ 1.1700 $ 1.1050
Dividends declared $ 94,127 $ 87,829 $ 358,126 $ 334,362
Dividend payout ratio (as % of Nareit FFO) 52.8 % 54.4 % 51.7 % 51.6 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 8
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SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
12/31/25 12/31/24
Deferred charges and prepaid expenses, net
Deferred charges, net $ 144,555 $ 143,611
Prepaid expenses, net 24,771 23,469
Total deferred charges and prepaid expenses, net $ 169,326 $ 167,080
Other assets
Right-of-use asset $ 44,114 $ 38,784
Furniture, fixtures and leasehold improvements, net 14,618 13,827
Interest rate swaps — 1,974
Other 3,736 3,242
Total other assets $ 62,468 $ 57,827
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 277,615 $ 280,819
Below market leases, net 144,760 120,261
Dividends payable 97,993 91,805
Lease liability 47,351 41,467
Interest rate swaps 4,553 598
Other 56,056 50,291
Total accounts payable, accrued expenses and other liabilities $ 628,328 $ 585,241
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Net Operating Income Detail
Base rent $ 244,503 $ 235,257 $ 961,361 $ 925,254
Expense reimbursements 81,724 77,553 313,696 291,947
Revenues deemed uncollectible (3,298) (3,941) (11,040) (9,579)
Ancillary and other rental income / Other revenues 10,851 6,119 34,584 24,670
Percentage rents 1,573 1,871 9,603 9,725
Operating costs (44,148) (42,220) (161,694) (152,757)
Real estate taxes (44,324) (43,632) (178,231) (164,291)
Net operating income $ 246,881 $ 231,007 $ 968,279 $ 924,969
Operating Ratios
NOI margin (NOI / revenues) 73.6 % 72.9 % 74.0 % 74.5 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 92.4 % 90.3 % 92.3 % 92.1 %
Reconciliation of Net Income attributable to Brixmor Property Group Inc. to Net Operating Income
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Lease termination fees (9,326) (1,058) (15,389) (3,608)
Straight-line rental income, net (6,324) (7,198) (33,444) (30,867)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,747) (3,327) (14,560) (8,562)
Straight-line ground rent expense, net (1) 158 87 591 68
Depreciation and amortization 102,822 103,331 414,930 381,396
Impairment of real estate assets 4,386 — 20,461 11,143
General and administrative 28,631 27,933 112,669 116,363
Total other expense (7,849) 27,833 96,766 119,760
Net income attributable to non-controlling interests 5 2 27 2
Net operating income $ 246,881 $ 231,007 $ 968,279 $ 924,969
Supplemental Statement of Operations Detail
Rental income
Base rent $ 244,503 $ 235,257 $ 961,361 $ 925,254
Expense reimbursements 81,724 77,553 313,696 291,947
Revenues deemed uncollectible (3,298) (3,941) (11,040) (9,579)
Lease termination fees 9,326 1,058 15,389 3,608
Straight-line rental income, net 6,324 7,198 33,444 30,867
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,747 3,327 14,560 8,562
Ancillary and other rental income 9,310 6,033 32,452 23,037
Percentage rents 1,573 1,871 9,603 9,725
Total rental income $ 352,209 $ 328,356 $ 1,369,465 $ 1,283,421
Other revenues $ 1,541 $ 86 $ 2,132 $ 1,633
Interest expense
Note interest $ 52,471 $ 48,508 $ 194,910 $ 190,682
Unsecured credit facility and term loan interest 6,568 6,957 29,101 25,002
Capitalized interest (841) (1,094) (4,055) (3,981)
Deferred financing cost amortization 1,982 1,771 7,454 7,140
Debt premium and discount accretion, net (664) (701) (2,721) (2,849)
Total interest expense $ 59,516 $ 55,441 $ 224,689 $ 215,994
Other
Federal and state taxes $ 652 $ 758 $ 2,765 $ 2,740
Other 128 702 91 420
Total other $ 780 $ 1,460 $ 2,856 $ 3,160
Additional Disclosures
Capitalized construction compensation costs $ 4,038 $ 4,516 $ 16,326 $ 18,925
Capitalized real estate taxes, insurance, and utilities 868 604 3,083 3,018
Capitalized leasing legal costs (2) 956 680 2,171 3,184
Capitalized leasing commission costs 1,777 1,538 7,535 7,581
Equity compensation expense, net 4,622 4,082 17,616 17,937
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
(2) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease. Supplemental Disclosure - Three Months Ended December 31, 2025 Page 10
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SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 Change 12/31/25 12/31/24 Change
Same Property NOI Analysis
Number of properties 337 337 — 332 332 —
Percent billed 91.7 % 91.6 % 0.1 % 91.7 % 91.5 % 0.2 %
Percent leased 95.3 % 95.6 % (0.3) % 95.3 % 95.6 % (0.3) %
Revenues
Base rent $ 232,386 $ 224,505 $ 903,042 $ 871,807
Expense reimbursements 76,988 74,212 292,077 275,598
Revenues deemed uncollectible (3,591) (3,378) (10,987) (8,655)
Ancillary and other rental income / Other revenues 10,270 5,717 32,323 23,146
Percentage rents 1,411 1,867 8,978 9,534
317,464 302,923 4.8 % 1,225,433 1,171,430 4.6 %
Operating expenses
Operating costs (40,810) (39,837) (149,004) (142,965)
Real estate taxes (42,024) (41,686) (166,157) (154,932)
(82,834) (81,523) 1.6 % (315,161) (297,897) 5.8 %
Same property NOI $ 234,630 $ 221,400 6.0 % $ 910,272 $ 873,533 4.2 %
NOI margin 73.9 % 73.1 % 74.3 % 74.6 %
Expense recovery ratio 92.9 % 91.0 % 92.7 % 92.5 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 7,881 3.6 % $ 31,235 3.6 %
Revenues deemed uncollectible (213) (0.1) % (2,332) (0.3) %
Net expense reimbursements 1,465 0.7 % (785) (0.1) %
Ancillary and other rental income / Other revenues 4,553 2.0 % 9,177 1.1 %
Percentage rents (456) (0.2) % (556) (0.1) %
6.0 % 4.2 %
Reconciliation of Net income attributable to Brixmor Property Group Inc. to Same Property NOI
Net income attributable to Brixmor Property Group Inc. $ 137,125 $ 83,404 $ 386,228 $ 339,274
Adjustments:
Non-same property NOI (12,251) (9,607) (58,007) (51,436)
Lease termination fees (9,326) (1,058) (15,389) (3,608)
Straight-line rental income, net (6,324) (7,198) (33,444) (30,867)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,747) (3,327) (14,560) (8,562)
Straight-line ground rent expense, net 158 87 591 68
Depreciation and amortization 102,822 103,331 414,930 381,396
Impairment of real estate assets 4,386 — 20,461 11,143
General and administrative 28,631 27,933 112,669 116,363
Total other expense (7,849) 27,833 96,766 119,760
Net income attributable to non-controlling interests 5 2 27 2
Same property NOI $ 234,630 $ 221,400 $ 910,272 $ 873,533
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/25 12/31/24 12/31/25 12/31/24
Leasing related:
Tenant improvements and tenant inducements $ 21,091 $ 21,066 $ 75,388 $ 90,899
External leasing commissions 4,659 4,449 14,576 13,746
25,750 25,515 89,964 104,645
Maintenance capital expenditures 17,281 17,886 38,140 49,316
Total leasing related and maintenance capital expenditures $ 43,031 $ 43,401 $ 128,104 $ 153,961
Value-enhancing:
Anchor space repositionings $ 8,594 $ 12,120 $ 45,557 $ 41,427
Outparcel developments 2,549 823 8,154 7,242
Redevelopments 19,250 33,184 105,216 128,068
Other (1) 1,750 2,616 14,149 19,294
Total value-enhancing capital expenditures $ 32,143 $ 48,743 $ 173,076 $ 196,031
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar projects.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 12
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CAPITALIZATION, LIQUIDITY & DEBT RATIOS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars and shares in thousands except per share amounts
As of As of
12/31/25 12/31/24
Common shares outstanding 306,105 305,492
Common share price $ 26.22 $ 27.84
$ 8,026,073 $ 8,504,897
Revolving credit facility $ — $ —
Term loan facility 500,000 500,000
Unsecured notes 5,018,453 4,850,765
5,518,453 5,350,765
10,277 14,279
(33,977) (25,293)
5,494,753 5,339,751
(361,530) (378,692)
$ 5,133,223 $ 4,961,059
$ 13,159,296 $ 13,465,956
Cash, cash equivalents and restricted cash $ 361,530 $ 378,692
Available under Revolving Credit Facility (1) 1,248,597 1,248,597
$ 1,610,127 $ 1,627,289
Principal debt to total market capitalization 41.9 % 39.7 %
Principal debt to total assets, before depreciation 43.4 % 43.4 %
Unencumbered assets to unsecured debt 2.3x 2.3x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (2) 5.4x 5.7x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (2) 5.6x 5.7x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.0x 4.0x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.1x 4.0x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.0x 4.0x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.1x 4.0x
As of As of
12/31/25 12/31/24
Percentage of total debt: (3)
Fixed 100.0 % 100.0 %
Variable — % — %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 4.5 4.3
Variable — —
Total 4.5 4.3
Fitch Ratings BBB Stable
Moody's Investors Service Baa2 Stable
S&P Global Ratings BBB Stable
(1) Funds available under the Revolving Credit Facility are reduced by outstanding letters of credit totaling 1.4 million.
(2) Net Principal Debt is as of the end of each specified period.
(3) Includes the impact of the Company's interest rate swap agreements.
(4) As of February 9, 2026.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 13
DEBT OBLIGATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2026 $ 607,542 4.17 %
2027 400,000 3.90 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 1,300,000 4.31 %
2031 500,000 2.50 %
2032 400,000 5.20 %
2033 400,000 4.85 %
2034 400,000 5.50 %
2035 400,000 5.75 %
2036+ — — %
Total Debt Obligations $ 5,518,453 4.25 %
Net unamortized premium 10,277
Deferred financing costs (33,977)
Debt Obligations, Net $ 5,494,753
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Term Loan Facility (SOFR + 85 basis points) (2)(3)(4) $ 500,000 4.73 % 4/30/30 9.06 %
Unsecured Notes
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 10.87 %
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.11 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.01 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.25 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.04 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.10 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 6.34 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 13.59 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.06 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 14.50 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 9.06 %
5.20% 2032 Brixmor OP Notes 400,000 5.20 % 4/1/32 7.25 %
4.85% 2033 Brixmor OP Notes 400,000 4.85 % 2/15/33 7.25 %
5.50%, 2034 Brixmor OP Notes 400,000 5.50 % 2/15/34 7.25 %
5.75%, 2035 Brixmor OP Notes 400,000 5.75 % 2/15/35 7.25 %
Total Fixed Rate Unsecured Notes 5,018,453 4.20 % 90.94 %
Total Fixed Rate Debt $ 5,518,453 4.25 % 100.00 %
Revolving Credit Facility (SOFR + 77.5 basis points) (4) $ — 4.65 % 4/30/29 — %
Total Variable Rate Debt $ — 4.65 % — %
Total Debt Obligations $ 5,518,453 4.25 % 100.00 %
Net unamortized premium 10,277
Deferred financing costs (33,977)
Debt Obligations, Net $ 5,494,753
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective July 26, 2024, 300.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 4.08% (plus a spread, currently 85 basis points) through July 26, 2027.
(3) Effective May 1, 2023, 200.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread, currently 85 basis points) through July 26, 2027.
(4) As of December 31, 2025, the Revolving Credit Facility and Term Loan Facility qualify for reductions of 7.5 basis points and 10 basis points, respectively, in the applicable credit spreads due to the achievement of a certain leverage ratio metric targets.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 12/31/25
I. Aggregate debt test < 65% 44.4 %
Total Debt 5,494,753
Total Assets 12,362,540
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 12,362,540
III. Unencumbered asset ratio > 150% 225.0 %
Total Unencumbered Assets 12,362,540
Unsecured Debt 5,494,753
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 3.9x 4.0x
Consolidated EBITDA 926,115 941,824
Annual Debt Service Charge 236,103 236,494
(1) The Company had no secured debt as of December 31, 2025
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, 2.500% 2031 Notes, 5.200% 2032 Notes, 4.850% 2033 Notes, 5.500% 2034 Notes, and 5.750% 2035 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on September 9, 2025 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 12/31/25
I. Leverage ratio < 60% 32.3 %
Total Outstanding Indebtedness 5,518,453
Balance Sheet Cash (1) 363,365
Total Asset Value 15,967,788
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 363,365
Total Asset Value 15,967,788
III. Unsecured leverage ratio < 60% 32.5 %
Total Unsecured Indebtedness 5,518,453
Unrestricted Cash (3) 336,257
Unencumbered Asset Value 15,967,788
IV. Fixed charge coverage ratio > 1.5x 4.2x
Total Net Operating Income 997,964
Capital Expenditure Reserve 9,403
Fixed Charges 236,153
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of December 31, 2025.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the Unsecured Credit Facility covenant calculations and definitions of capitalized terms please refer to the Fourth Amended and Restated Revolving Credit and Second Amended and Restated Term Loan Agreements, dated as of April 24, 2025 filed as Exhibits 10.1 and 10.2, respectively, to Form 10-Q, filed with the Securities and Exchange Commission on April 28, 2025.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 15
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> INVESTMENT SUMMARY
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Supplemental Disclosure
Three Months Ended December 31, 2025
ACQUISITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Purchase Date Purchase Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2025
Land at Suffolk Plaza (4) New York-Newark-Jersey City, NY-NJ 1/27/25 $ 3,100 1.3 Acres — % — -
$ 3,100 1.3 Acres
There were no acquisitions of shopping centers completed during the three months ended June 30, 2025.
Three Months Ended September 30, 2025
LaCenterra at Cinco Ranch Houston-Pasadena-The Woodlands, TX 7/01/25 $ 223,000 409,264 93.7 % $ 32.91 Trader Joe's, Alamo Drafthouse Cinema, Brown & Gay Engineers, Inc., Nike, Peloton Computer Enterprises, Regus
$ 223,000 409,264
Three Months Ended December 31, 2025
Land at Hanover Square (5) Richmond, VA 11/03/25 $ 1,500 1.3 Acres — % $ — -
Broomfield Town Centre Denver-Aurora-Centennial, CO 12/02/25 51,189 175,368 94.1 % 20.95 King Soopers (Kroger), Petco
Chino Spectrum Towne Center Riverside-San Bernardino-Ontario, CA 12/19/25 138,000 461,246 95.3 % 31.84 H Mart, Best Buy, BevMo, Big 5 Sporting Goods, DSW, Kohl's, Marshalls, Nordstrom Rack, Skechers, Tilly's, Ulta
$ 190,689 636,614/ 1.3 Acres
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2025 $ 416,789 1,045,878/ 2.6 Acres
(1) Data presented is as of the quarter end subsequent to the acquisition date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Acquired in connection with a future redevelopment project.
(5) Acquired in connection with a current outparcel development project.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 17
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DISPOSITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Sale Date Sale Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2025
Rollins Crossing - Buffalo Wild Wings (4) Chicago-Naperville-Elgin, IL-IN 1/10/25 $ 2,450 10,000 100.0 % $ 18.20 Buffalo Wild Wings
Southland Shopping Center - multi-tenant outparcel (4) Cleveland, OH 2/6/25 850 149,891 85.1 % 4.00 Treasure Hunt
Chalfont Village Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2/28/25 4,700 46,051 59.5 % 11.57 -
Rollins Crossing Chicago-Naperville-Elgin, IL-IN 3/25/25 14,750 110,292 90.3 % 14.46 Esporta Fitness, Harbor Freight Tools, Petco
$ 22,750 316,234
Three Months Ended June 30, 2025
Springfield Place - ShopRite (4) New York-Newark-Jersey City, NY-NJ 4/7/25 $ 8,350 32,209 100.0 % $ 13.85 ShopRite (Village Supermarket)
Williamson Square - Grace Church Nashville (4) Nashville-Davidson--Murfreesboro--Franklin, TN 4/10/25 10,000 26,602 100.0 % 6.01 Grace Church Nashville
Roxboro Square Durham-Chapel Hill, NC 5/6/25 4,000 29,900 89.0 % 13.01 -
$ 22,350 88,711
Three Months Ended September 30, 2025
Creekwood Village Atlanta-Sandy Springs-Roswell, GA 7/8/25 $ 6,685 69,778 100.0 % $ 10.20 Food Depot
Townshire College Station-Bryan, TX 7/15/25 12,000 136,887 80.9 % 7.96 AlphaGraphics
Northside Dalton, GA 7/16/25 10,500 78,922 100.0 % 12.40 America's Thrift Stores, Dollar Tree
Maplewood Square St. Louis, MO-IL 8/14/25 7,250 71,590 95.4 % 7.06 Schnucks
Northgate Houston-Pasadena-The Woodlands, TX 9/2/25 8,000 38,724 100.0 % 17.59 WSS
Greeneville Commons Greeneville, TN 9/4/25 26,000 224,139 98.5 % 10.63 bealls, Belk, Hobby Lobby, Marshalls, Ross Dress for Less
Shops at Prospect Lancaster, PA 9/19/25 10,762 63,392 91.6 % 14.05 Giant Food (Ahold Delhaize)
$ 81,197 683,432
Three Months Ended December 31, 2025
Venture Pointe Atlanta-Sandy Springs-Roswell, GA 10/6/25 $ 21,500 155,172 100.0 % $ 11.48 American Freight, Ollie's Bargain Outlet, Studio Movie Grill
Harpers Station - multi-tenant outparcel (4) Cincinnati, OH-KY-IN 12/5/25 11,191 16,030 100.0 % 43.98 -
Land at Arborland Center (4) Ann Arbor, MI 12/12/25 10,000 52.0 Acres — % — -
Westchester Square Kansas City, MO-KS 12/16/25 20,560 161,701 87.3 % 10.80 Hy-Vee
Springdale Mobile, AL 12/19/25 24,000 398,701 70.9 % 11.65 bealls, Burlington Stores, Crunch Fitness, David's Bridal, Five Below, Fresenius Medical Care, Marshalls, Shoe Station, Ulta, World Market
Beltway South Houston-Pasadena-The Woodlands, TX 12/22/25 15,050 114,099 91.5 % 36.79 Kroger
Stone Mountain Festival Atlanta-Sandy Springs-Roswell, GA 12/23/25 20,100 135,865 98.4 % 13.72 Advance Auto Parts, Harbor Freight Tools, NCG Cinemas
Crossroads Centre - Pasadena Houston-Pasadena-The Woodlands, TX 12/23/25 29,100 146,567 96.1 % 17.01 Kroger, LA Fitness
Seacoast Shopping Center Boston-Cambridge-Newton, MA-NH 12/29/25 5,690 89,634 49.8 % 9.52 Tractor Supply Co.
Cascade East Grand Rapids-Wyoming-Kentwood, MI 12/31/25 13,000 99,529 92.6 % 9.42 D&W Fresh Market (SpartanNash)
$ 170,191 1,317,298/ 52.0 Acres
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2025 $ 296,488 2,405,675/ 52.0 Acres
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold. Supplemental Disclosure - Three Months Ended December 31, 2025 Page 18
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f

ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
Dollars in thousands
Property Name CBSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended December 31, 2025
1 Arapahoe Crossings - Project II Denver-Aurora-Centennial, CO Remerchandise former Kohl's with a 54K SF Hobby Lobby and additional retailers
2 Colonial Commons - Orange New Haven, CT Remerchandise former Christmas Tree Shops with a 53K SF Big Y grocer
3 Regency Park Shopping Center Jacksonville, FL Remerchandise former Party City with an 11K SF NetCost Market grocer
4 Vineyards at Chateau Elan Atlanta-Sandy Springs-Roswell, GA Remerchandise former Publix with a 23K SF Sprouts Farmers Market and a 22K SF Ross Dress for Less
5 Wilkes-Barre Township Marketplace Scranton--Wilkes-Barre, PA Remerchandise former Party City with a 16K SF NetCost Market grocer
6 Merchants Park Houston-Pasadena-The Woodlands, TX Combine multiple adjacent spaces for a 25K SF Marshalls
In Process Projects (1)
7 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
8 Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Remerchandise former Big Lots with a 27K SF Marshalls and additional retailers
9 Pine Tree Shopping Center Portland-South Portland, ME Remerchandise former Big Lots with a 25K SF ALDI
10 Sun Ray Shopping Center - Project II Minneapolis-St. Paul-Bloomington, MN-WI Remerchandise former TJ Maxx and adjacent small shop space with a 19K SF Burlington Stores and additional retailers
11 Capitol Shopping Center Concord, NH Rightsize existing Burlington Stores to 23K SF to accommodate the addition of a 13K SF Boot Barn, a 10K SF Five Below, and a 9K SF Ulta
12 Old Bridge Gateway New York-Newark-Jersey City, NY-NJ Remerchandise former Robert Wood Johnson Fitness with a 22K SF Ross Dress for Less and additional retailers
13 Roanoke Plaza New York-Newark-Jersey City, NY-NJ Remerchandise former TJ Maxx with a 22K SF Ross Dress for Less and a 15K SF Boot Barn
14 Northshore - Project II Houston-Pasadena-The Woodlands, TX Remerchandise and expand former Sellers Bros. with a 30K SF El Rancho (Heritage Grocers)
Number of Projects Net Estimated Costs (2) Gross Costs to Date Expected NOI Yield (2)
Total In Process 14 $ 63,850 $ 25,900 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended December 31, 2025
1 Northeast Plaza Atlanta-Sandy Springs-Roswell, GA Combine adjacent spaces for a 24K SF Burlington Stores
2 Arborland Center Ann Arbor, MI Remerchandise former Bed Bath & Beyond with a 22K SF Marshalls (relocated from within the center) and a 20K SF HomeGoods; backfill former Marshalls with a 22K SF Ross Dress for Less and an 11K SF Boot Barn
3 Western Hills Plaza Cincinnati, OH-KY-IN Remerchandise former Staples with a 20K SF Ross Dress for Less and a 7K SF Rally House
Projects Stabilized During the Nine Months Ended September 30, 2025
4 Gateway Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Party City with an 11K SF Five Below and a 4K SF Wells Fargo
5 Arapahoe Crossings - Project I Denver-Aurora-Centennial, CO Remerchandise former Stein Mart with a 17K SF Ace Hardware and a 13K SF Activate
6 Coastal Way - Coastal Landing - Project II Tampa-St. Petersburg-Clearwater, FL Demolish former Sears to accommodate construction of a 104K SF BJ's Wholesale Club
7 Rivercrest Shopping Center Chicago-Naperville-Elgin, IL-IN Remerchandise former Best Buy with a 55K SF Tony's Fresh Market (Heritage Grocers)
8 Bedford Grove Manchester-Nashua, NH Remerchandise former Bed Bath & Beyond with a 29K SF Planet Fitness and an additional retailer
9 Franklin Square Charlotte-Concord-Gastonia, NC-SC Rightsize existing Pep Boys to 8K SF to accommodate the addition of a 14K SF Boot Barn
10 Kingston Overlook Knoxville, TN Remerchandise former Badcock Furniture with a 24K SF Sprouts Farmers Market
11 Ridglea Plaza Dallas-Fort Worth-Arlington, TX Combine adjacent spaces for a 53K SF EōS Fitness
Number of Projects Net Project <br>Costs (2) NOI Yield (2)
Total Stabilized 11 $ 48,900 13 %
(1) The project at Springdale was removed from the In Process pipeline due to sale of property during the quarter.
(2) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 19
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OUTPARCEL DEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Stabilization Net Estimated Gross Costs Expected
Property Name CBSA Project Description Quarter Costs (1) to Date NOI Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended December 31, 2025
Hanover Square Richmond, VA Construction of two multi-tenant outparcels, including a 4K SF First Watch, a 2K SF Cava with a drive-thru, a 2K SF Habit Burger, and a 2K SF Panda Express Dec-26 $ 7,400 $ 2,200 9 %
In Process Projects (2)
Martin Downs Village Center (3) Port St. Lucie, FL Construction of a 2K SF Chipotle with a drive-thru and a 2K SF Wendy's with a drive-thru Jun-26 3,100 1,400 10 %
Crown Point Columbus, OH Construction of a 0.3K SF Biggby Coffee with a drive-thru Jun-26 150 — 38 %
Venice Village North Port-Bradenton-Sarasota, FL Construction of a 2K SF Chipotle with a drive-thru Sep-26 1,950 950 9 %
Pacoima Center Los Angeles-Long Beach-Anaheim, CA Construction of a 3K SF Starbucks with a drive-thru Dec-26 950 500 28 %
Laurel Square New York-Newark-Jersey City, NY-NJ Construction of a 5K SF multi-tenant outparcel, including a 3K SF Chipotle with a drive-thru and a 2K SF Quickway Japanese Hibachi; and construction of a 3K SF Starbucks with a drive-thru Dec-26 3,200 1,800 15 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 16,750 $ 6,850 12 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,4) NOI Yield (1,4)
Projects Stabilized During the Three Months Ended December 31, 2025
Coconut Creek Plaza Miami-Fort Lauderdale-West Palm Beach, FL Demolition of former outparcel and construction of a 2K SF Fifth Third Bank Dec-25 $ 150 113 %
Whitehall Square Allentown-Bethlehem-Easton, PA-NJ Construction of a 6K SF Mister Car Wash Dec-25 200 98 %
Collegeville Shopping Center - Project II Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Construction of a 1K SF 7 Brew with a drive-thru Dec-25 100 86 %
Projects Stabilized During the Nine Months Ended September 30, 2025
Collegeville Shopping Center - Project I 1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Demolition of former outparcel and construction of a 2K SF Chase Bank Sep-25 150 76 %
Paradise Pavilion Milwaukee-Waukesha, WI Construction of a 1K SF 7 Brew with a drive-thru Sep-25 750 9 %
Redford Plaza Detroit-Warren-Dearborn, MI Construction of a 4K SF Clean Express Auto Wash Jun-25 350 26 %
Panama City Square 1 Panama City-Panama City Beach, FL Construction of a 6K SF LongHorn Steakhouse Mar-25 1,600 9 %
Mansell Crossing 1 Atlanta-Sandy Springs-Roswell, GA Construction of an 11K SF Cooper’s Hawk Winery & Restaurant Mar-25 5,000 10 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 8,300 16 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) The project at Beltway South was removed from the In Process pipeline due to sale of property during the quarter.
(3) Net project costs exclude 0.2M 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, 2025.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 20
REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended December 31, 2025
1 Rockland Plaza New York-Newark-Jersey City, NY-NJ Extensive reconfiguration of center including redevelopment of former Barnes & Noble and Petco with a 25K SF Nordstrom Rack, a 5K SF Ann Taylor Factory Store, a 4K SF Motion PT, and additional retailers; redevelopment and rightsize of former Modells Sporting Goods and Marshalls to accommodate a 30K SF Ross Dress for Less, a 29K SF Burlington Stores, a 2K SF Honeygrow, a 2K SF Naya, and additional retailers; remerchandise several small shop spaces including the addition of a 3K SF Quickway Hibachi; construction of a 5K SF outparcel; and shopping center upgrades including comprehensive façade renovations, new landscaping, site lighting and signage, and structural upgrades 27 Mar-28 $ 29,450 $ 2,550 12 %
IN PROCESS REDEVELOPMENTS
2 Wynnewood Village - Phase IV (2) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Mar-26 32,650 22,400 9 %
3 Westridge Court / Block 59 - Phase I Chicago-Naperville-Elgin, IL-IN Redevelopment, reconfiguration, and rebranding of center, including the demolition of an underutilized two-story building, to accommodate the addition of a vibrant restaurant and entertainment district with an event plaza surrounded by several single-tenant buildings and outparcels including a 9K SF The Cheesecake Factory, an 8K SF Yard House, an 8K SF Ruth's Chris Steak House, a 3K SF Shake Shack, and a 2K SF Stan's Donuts; construction of additional multi-tenant outparcels including a 7K SF Piccolo Buco and a 4K SF First Watch and a 3K SF Velvet Taco, a 2K SF Crisp & Green, and a 2K SF Fresh Fin; and shopping center upgrades including new landscaping, signage, lighting, and improved vehicular and pedestrian circulation and connectivity 82 Jun-26 40,600 35,600 9 %
4 Hillcrest Market Place Spartanburg, SC Redevelopment and reconfiguration of adjacent small shop space to accommodate addition of a 6K SF J.Crew, a 5K SF Hallmark, and additional retailers surrounding a newly constructed outdoor community courtyard; and shopping center upgrades including façade, landscaping, and common area enhancements 38 Jun-26 5,000 2,850 10 %
5 Preston Park Village (3) Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a 3K SF outparcel; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Sep-26 35,600 29,050 8 %
6 Tinley Park Plaza (4) Chicago-Naperville-Elgin, IL-IN Redevelopment of former Walt's and adjacent space with a 22K SF Ross Dress for Less, a 9K SF Five Below, and additional retailers; construction of a 5K SF Fifth Third Bank outparcel; and shopping center upgrades including façade and roof renovations 22 Dec-26 11,550 11,350 13 %
7 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ Redevelopment of former Christmas Tree Shops with a 21K SF Sprouts Farmers Market and an additional retailer; remerchandise 19K SF of retail space with restaurants; and shopping center upgrades including façade renovations and parking lot reconfiguration 6 Mar-27 10,750 3,250 7 %
8 Barn Plaza - Phase II Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Demolition of 49K SF former freestanding theater to accommodate construction of three multi-tenant outparcel buildings totaling 46K SF, including a 13K SF Pottery Barn, a 6K SF Burton's Grill & Bar, a 6K SF Williams Sonoma, a 5K SF Sephora, a 3K SF Shake Shack, a 2K SF Just Salad, a 2K SF Naya, and a 2K SF Starbucks with a drive-thru; and shopping center upgrades including new storm water management, lighting, landscaping, and signage, and improved vehicular and pedestrian connectivity 42 Jun-27 24,500 2,550 11 %
9 Wynnewood Village - Phase V Dallas-Fort Worth-Arlington, TX Redevelopment of vacant outparcel pads, including the construction of a multi-tenant outparcel building for a 3K SF Cava and a 2K SF Chipotle, construction of a 3K SF Chase outparcel, and the construction of a 6K SF restaurant outparcel; reconfiguration of inline retail space to accommodate a 24K SF junior anchor and additional retailers; and shopping center upgrades including façade renovations, landscaping enhancements, and parking lot improvements 65 Jun-27 15,200 800 9 %
10 Sunrise Town Center Miami-Fort Lauderdale-West Palm Beach, FL Demolition of 52K SF former fitness center to accommodate construction of a 47K SF Publix; reconfigure and remerchandise several small shop spaces; and shopping center upgrades including façade renovations and parking lot improvements 17 Sep-27 12,050 550 14 %
11 Pointe Orlando - Phase III Orlando-Kissimmee-Sanford, FL Remerchandise with relevant retailers including a two-story 18K SF Museum of Ice Cream and an additional retailer; and shopping center upgrades to align with previous phase improvements including façade, landscaping and lighting and common area enhancements including public seating areas and improved pedestrian plazas 17 Dec-27 12,500 2,950 23 %
12 Circle Center Hilton Head Island-Bluffton-Port Royal, SC Demolition of 45K SF former BI-LO to accommodate construction of a 48K SF Publix; reconfigure and remerchandise several small shop spaces; and pedestrian improvements, including sidewalk access to new municipal park 7 Dec-27 9,550 450 7 %
13 Westridge Court / Block 59 - Phase II Chicago-Naperville-Elgin, IL-IN Construction of two multi-tenant buildings totaling 22K SF surrounding the newly redeveloped restaurant, entertainment, and event district; and shopping center upgrades to align with previous phase improvements including new landscaping, signage, lighting, and improved vehicular and pedestrian circulation and connectivity 82 Jun-28 16,350 5,900 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 255,750 $ 120,250 10 %
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 21
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REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Stabilization Net Project NOI
Property Name CBSA Project Description Acreage Quarter Costs (1,5) Yield (1,5)
Projects Stabilized During The Three Months Ended December 31, 2025
The Davis Collection Sacramento-Roseville-Folsom, CA Extensive redevelopment, reconfiguration, and rebranding of center including demolition of 92K SF to accommodate construction of a 25K SF Nordstrom Rack, a 17K SF PetSmart, a 10K SF Ulta, and approximately 20K SF of additional retail surrounding an outdoor community courtyard; construction of two multi-tenant outparcel buildings including a 4K SF Urban Plates, a 3K SF The Melt, a 2K SF Mendocino Farms, and additional retailers; and shopping center upgrades including construction of pedestrian plazas and walkways, new landscaping and signage, and parking enhancements 8 Dec-25 $ 47,750 8 %
Pointe Orlando - Phase II 1 Orlando-Kissimmee-Sanford, FL Remerchandise with relevant retailers including a 10K SF Activate and a 10K SF Dick's Last Resort; rebranding and reconfiguration of first level to match Phase I improvements including a third vehicular connection to International Drive; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas and improved pedestrian plazas 1 17 Dec-25 23,600 10 %
Burlington Square I, II & III (6) 1 Boston-Cambridge-Newton, MA-NH Redevelopment and reconfiguration of center to accommodate new retailers including a 5K SF Tatte Bakery & Cafe, a 4K SF Life Alive Organic Cafe, and a 2K SF YogaSix; and shopping center upgrades including façade and sidewalk renovations, new landscaping and stormwater improvements, and common area enhancements 1 7 Dec-25 9,250 12 %
Projects Stabilized During The Nine Months Ended September 30, 2025
Puente Hills Town Center Los Angeles-Long Beach-Anaheim, CA Redevelopment and expansion of several in-line retail spaces to accommodate a 20K SF ALDI; remerchandise existing adjacent small shop space including a 9K SF Five Below, an 8K SF Skechers, and a 5K SF Bath and Body Works; and shopping center upgrades including parking and sidewalk improvements 11 Sep-25 4,750 8 %
College Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of former Bob's Stores and adjacent retail space with a 21K SF Burlington Stores; remerchandise former Blink Fitness with a 10K SF Five Below and an 8K SF Ulta; construction of outparcels including a 5K SF Chick-fil-A and a 4K SF Aspen Dental; and shopping center upgrades including façade and sidewalk renovations 25 Sep-25 12,900 10 %
Barn Plaza - Phase I Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former anchor space with a 44K SF Whole Foods Market (Amazon) and an 11K SF Barnes & Noble; demolition of 5K SF to accommodate construction of a 7K SF multi-tenant outparcel including a 4K SF First Watch, a 2K SF Chipotle, and a 1K SF The Juice Pod; and shopping center upgrades including façade renovations and common area enhancements 42 Sep-25 14,550 9 %
Jones Plaza Houston-Pasadena-The Woodlands, TX Relocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Supermarket; and shopping center upgrades including façade renovations 9 Sep-25 2,050 15 %
WaterTower Plaza Worcester, MA Redevelopment of former Shaw's with a 46K SF grocer; reconfigure and remerchandise adjacent small shop space including an 11K SF Five Below and a 9K SF Ulta; and shopping center upgrades including the addition of patio areas, façade renovations, and parking enhancements 27 Jun-25 11,200 10 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 126,050 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 3.4M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude 0.2M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude 2.5M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(6) Net project costs exclude 0.2M 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, 2025.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 22
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
2 Metro 580 San Francisco-Oakland-Fremont, CA Redevelopment of existing anchor space for multiple retailers
3 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
4 Britton Plaza Tampa-St. Petersburg-Clearwater, FL Extensive repositioning and reconfiguration, densification of site
5 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
6 Kings Market Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center, densification of site
7 Kings Park Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
8 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ Densification of site, including multi-tenant outparcel development, potential multi-family component
9 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ Extensive repositioning and reconfiguration, densification of site
10 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
11 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential medical office component
12 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Brea Gateway Los Angeles-Long Beach-Anaheim, CA Reposition of former anchor which may include site densification with addition of outparcel pad development
2 The Plaza at Buckland Hills Hartford-West Hartford-East Hartford, CT Redevelopment and repositioning of shopping center, densification of site
3 Colonial Commons - Orange New Haven, CT Redevelopment and repositioning of shopping center
4 East Port Plaza Port St. Lucie, FL Redevelopment and repositioning of shopping center
5 Rutland Plaza Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
6 Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
7 Northeast Plaza - Future Phases Atlanta-Sandy Springs-Roswell, GA Redevelopment of existing anchor space for multiple retailers, densification of site
8 High Point Centre Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
9 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN Redevelopment and reposition of rear portion of shopping center
10 Ridge Plaza Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
11 Meridian Village Indianapolis-Carmel-Greenwood, IN Redevelopment and repositioning of shopping center
12 Burlington Square I, II & III - Future Phases Boston-Cambridge-Newton, MA-NH Redevelopment and repositioning of shopping center
13 Burning Tree Plaza Duluth, MN-WI Redevelopment of existing anchor space for multiple retailers
14 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
15 Sun Ray Shopping Center - Future Phases Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center
16 Wallkill Plaza Kiryas Joel-Poughkeepsie-Newburgh, NY Redevelopment of existing anchor spaces, remerchandise shop space and façade renovation
17 Suffolk Plaza New York-Newark-Jersey City, NY-NJ Densification of site, including multi-tenant outparcel development
18 Tinton Falls Plaza New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center
19 West Center New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center, densification of site
20 North Ridge Shopping Center Raleigh-Cary, NC Redevelopment of existing anchor space for multiple retailers, densification of site
21 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
22 South Towne Centre Dayton-Kettering-Beavercreek, OH Redevelopment of existing anchor space for multiple retailers
23 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
24 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
25 Warminster Towne Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and repositioning of shopping center, densification of site
26 Parmer Crossing Austin-Round Rock-San Marcos, TX Redevelopment of existing anchor space for multiple retailers, densification of site
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 23
--- ---
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
27 Arboretum Village Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
28 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
29 Stevens Park Village Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
30 Webb Royal Plaza Dallas-Fort Worth-Arlington, TX Redevelopment of existing anchor space for multiple retailers, densification of site
31 Clear Lake Camino South Houston-Pasadena-The Woodlands, TX Redevelopment of existing anchor space for multiple retailers, densification of site
32 Lake Pointe Village Houston-Pasadena-The Woodlands, TX Reposition of existing vacant space and site densification
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, 2025.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 24
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> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended December 31, 2025
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
12/31/25 9/30/25 6/30/25 3/31/25 12/31/24
Number of properties 348 354 360 361 363
GLA 62,684,741 63,368,510 63,621,719 63,687,360 64,016,521
Percent billed 91.6% 90.2% 89.7% 90.0% 91.4%
Percent leased 95.1% 94.1% 94.2% 94.1% 95.2%
TOTAL ≥ 10,000 SF 96.6% 95.4% 95.6% 95.7% 97.2%
TOTAL < 10,000 SF 92.2% 91.4% 91.2% 90.8% 91.1%
ABR $ 1,049,958 $ 1,034,848 $ 1,017,857 $ 1,008,053 $ 1,010,148
ABR PSF $ 18.77 $ 18.48 $ 18.07 $ 17.94 $ 17.66
PORTFOLIO BY UNIT SIZE AS OF 12/31/25
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 374 21,310,677 34.0% 95.7% 97.6% $ 217,205 20.7% $ 11.98
20,000 - 34,999 SF 476 12,389,437 19.8% 90.8% 96.1% 156,909 14.9% 13.28
10,000 - 19,999 SF 623 8,526,181 13.6% 90.9% 94.7% 135,944 13.0% 17.27
5,000 - 9,999 SF 1,087 7,502,918 12.0% 87.8% 92.6% 156,904 14.9% 23.64
< 5,000 SF 5,992 12,955,528 20.6% 88.4% 91.9% 382,996 36.5% 33.35
TOTAL 8,552 62,684,741 100.0% 91.6% 95.1% $ 1,049,958 100.0% $ 18.77
TOTAL ≥ 10,000 SF 1,473 42,226,295 67.4% 93.3% 96.6% $ 510,058 48.6% $ 13.49
TOTAL < 10,000 SF 7,079 20,458,446 32.6% 88.2% 92.2% 539,900 51.4% 29.79
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 26
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PORTFOLIO COMPOSITION
---
Dollars in thousands
NATIONAL / REGIONAL AND LOCAL TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-36d161e8fbcd4ad4ac6.jpg chart-195da6a0089345a0a0d.jpg

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

chart-09dadf41dcca43408ff.jpg chart-57c6a5cfb4164694850.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
Restaurants $ 188,361 18 %
Grocery 145,260 14 %
Personal services 84,986 8 %
Off-price apparel 71,761 7 %
Fitness / sports 64,041 6 %
Medical 58,461 6 %
Value apparel, shoes, accessories 56,809 5 %
General merchandise (department, gift, etc.) 46,329 4 %
Home décor 42,645 4 %
Health & beauty 35,455 3 %
Entertainment 30,121 3 %
Pet 27,983 3 %
Financial services 27,597 3 %
General merchandise (discount / dollar) 24,254 2 %
Hobby & crafts 23,766 2 %
Electronics & appliance 23,636 2 %
Home improvement 17,975 2 %
Sporting goods 17,236 2 %
Other (1) 63,282 6 %
TOTAL $ 1,049,958 100 %
(1) Other represents categories with percent of ABR of 1% or less including auto, liquor, mail / shipping and other services, office supply, party, pharmacy, and professional services.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 27
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TOP FORTY RETAILERS RANKED BY ABR ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA (1) Percent of GLA (1) ABR (1) Percent of ABR (1) ABR PSF (1)
1 The TJX Companies, Inc. (2) 90 2,564,676 4.1 % $ 33,673 3.2 % $ 13.13
2 The Kroger Co. (3) 44 3,000,900 4.8 % 24,006 2.3 % 8.00
3 Burlington Stores, Inc. 46 1,725,367 2.8 % 21,564 2.1 % 12.50
4 Publix Super Markets, Inc. 34 1,587,457 2.5 % 16,748 1.6 % 10.55
5 Ross Stores, Inc (4) 50 1,246,499 2.0 % 16,422 1.6 % 13.17
6 Dollar Tree Stores, Inc. 108 1,253,821 2.0 % 15,868 1.5 % 12.66
7 Five Below, Inc. 66 631,887 1.0 % 12,962 1.2 % 20.51
8 Amazon.com, Inc. / Whole Foods Market Services, Inc. 19 658,464 1.1 % 12,371 1.2 % 18.79
9 L.A Fitness International, LLC (5) 13 528,162 0.8 % 10,566 1.0 % 20.01
10 Ulta Beauty, Inc. 39 423,324 0.7 % 10,509 1.0 % 24.82
509 13,620,557 21.8 % 174,689 16.7 % 12.83
11 PetSmart, Inc. 28 609,077 1.0 % 10,462 1.0 % 17.18
12 Albertson's Companies, Inc (6) 14 749,018 1.2 % 9,875 0.9 % 13.18
13 PETCO Animal Supplies, Inc. 34 477,934 0.8 % 8,605 0.8 % 18.00
14 Ahold Delhaize (7) 13 736,178 1.2 % 8,492 0.8 % 11.54
15 Kohl's Corporation 13 963,606 1.5 % 7,405 0.7 % 7.68
16 The Michaels Companies, Inc. 24 544,061 0.9 % 7,298 0.7 % 13.41
17 Barnes & Noble, Inc. (8) 18 352,382 0.6 % 6,115 0.6 % 17.35
18 Sprouts Farmers Market, Inc. 9 245,212 0.4 % 6,076 0.6 % 24.78
19 Best Buy Co., Inc. 12 434,051 0.7 % 5,979 0.6 % 13.77
20 DICK's Sporting Goods, Inc. (9) 17 369,005 0.6 % 5,912 0.6 % 16.02
691 19,101,081 30.7 % 250,908 24.0 % 13.14
21 CVS Health 14 218,744 0.3 % 5,095 0.5 % 23.29
22 JP Morgan Chase & Co. 24 90,532 0.1 % 5,045 0.5 % 55.73
23 Bath & Body Works, Inc. 45 205,056 0.3 % 4,968 0.5 % 24.23
24 Gap, Inc. (10) 15 237,319 0.4 % 4,851 0.5 % 20.44
25 Chipotle Mexican Grill, Inc. 36 89,649 0.1 % 4,691 0.4 % 52.33
26 Trader Joe's Company, Inc. 13 171,594 0.3 % 4,676 0.4 % 27.25
27 ALDI (11) 17 474,794 0.8 % 4,643 0.4 % 9.78
28 Harbor Freight Tools 21 371,512 0.6 % 4,636 0.4 % 12.48
29 National Vision, Inc. (12) 41 147,885 0.2 % 4,362 0.4 % 29.50
30 Hobby Lobby Stores, Inc. 10 564,887 0.9 % 4,320 0.4 % 7.65
31 JD Sports Fashion Plc (13) 31 196,564 0.3 % 4,143 0.4 % 21.08
32 Starbucks Corporation 38 72,993 0.1 % 4,089 0.4 % 56.02
33 Designer Brands, Inc. (DSW) 13 249,833 0.4 % 4,061 0.4 % 16.25
34 Wells Fargo & Company 17 73,304 0.1 % 4,041 0.4 % 55.13
35 Staples, Inc. 15 302,603 0.5 % 3,995 0.4 % 13.20
36 Skechers U.S.A., Inc. 22 207,583 0.3 % 3,917 0.4 % 18.87
37 AMC Entertainment 4 200,955 0.3 % 3,863 0.4 % 19.22
38 Bank of America, NA 23 79,151 0.1 % 3,618 0.3 % 45.71
39 Wakefern Food Corporation (14) 4 230,254 0.4 % 3,500 0.3 % 15.20
40 Nordstrom, Inc. (15) 7 174,094 0.3 % 3,452 0.3 % 19.83
TOTAL TOP 40 RETAILERS 1,101 23,460,387 37.5 % $ 336,874 32.1 % $ 14.36
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (6) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, El Rancho (sublease)-1, (11) Includes ALDI-15 and Winn-Dixie-2 (expected banner conversion).
all franchise locations. Shop & Save Market-1, and Star Market-1. (12) Includes America's Best Contacts & Eyeglasses-39 and Eyeglass World-2.
(2) Includes T.J. Maxx-29, Marshalls-27, HomeGoods-20, Sierra Trading Post-6, (7) Includes Giant Food-5, Super Stop & Shop-4, Food Lion-2, ShopRite (sublease)-1, and (13) Includes Hibbett-17, JD Sports-6, DTLR-6, and Shoe Palace-2.
Marshalls/HomeGoods-4, HomeSense-2, and T.J. Maxx/HomeGoods-2. non-grocer (sublease)-1. (14) Includes ShopRite-3 and Price Rite Marketplace-1.
(3) Includes Kroger-30, King Soopers-5, Ralphs-3, Harris Teeter-2, Dillons-1, Food 4 Less-1, (8) Includes Barnes & Noble-16 and Paper Source-2. (15) Includes Nordstrom Rack-7.
Pay Less-1, and Pick 'N Save-1. (9) Includes Foot Locker-5, Golf Galaxy-4, DICK'S Sporting Goods Warehouse Sale-3,
(4) Includes Ross Dress for Less-45 and dd's Discounts-5. DICK'S Sporting Goods-2, WSS-2, and Kids Foot Locker-1.
(5) Includes LA Fitness-6, Esporta Fitness-4, XSport Fitness-2, and City Sports Club-1. (10) Includes Old Navy-12, Gap Factory-2, and Athleta-1. Supplemental Disclosure - Three Months Ended December 31, 2025 Page 28
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NEW & RENEWAL LEASE SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third-Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 12/31/25 337 2,179,975 $ 44,015 $ 20.19 $ 4.75 $ 3.37 7.5 256 1,739,030 $ 19.36 $ 16.32 18.6 %
Three months ended 9/30/25 323 2,638,011 49,678 18.83 1.92 1.66 7.2 268 2,248,504 17.76 15.74 12.8 %
Three months ended 6/30/25 459 2,465,322 51,085 20.72 3.65 2.61 6.9 386 2,108,780 20.00 16.75 19.4 %
Three months ended 3/31/25 334 2,247,394 42,614 18.96 2.42 1.71 6.4 278 1,949,529 18.29 15.91 15.0 %
TOTAL - TWELVE MONTHS ENDED 12/31/25 1,453 9,530,702 $ 187,392 $ 19.66 $ 3.13 $ 2.31 7.0 1,188 8,045,843 $ 18.82 $ 16.17 16.4 %
NEW & RENEWAL LEASES ONLY
Three months ended 12/31/25 293 1,453,359 $ 34,007 $ 23.40 $ 7.13 $ 5.05 8.8 212 1,012,414 $ 23.36 $ 18.81 24.2 %
Three months ended 9/30/25 270 1,521,066 34,919 22.96 3.33 2.88 8.9 216 1,224,839 20.93 17.77 17.8 %
Three months ended 6/30/25 400 1,708,956 40,673 23.80 5.27 3.77 7.8 327 1,352,414 23.49 18.91 24.2 %
Three months ended 3/31/25 269 1,294,992 28,892 22.31 4.20 2.97 7.4 213 997,127 21.99 18.25 20.5 %
TOTAL - TWELVE MONTHS ENDED 12/31/25 1,232 5,978,373 $ 138,491 $ 23.17 $ 5.00 $ 3.68 8.2 968 4,586,794 $ 22.45 $ 18.44 21.7 %
NEW LEASES
Three months ended 12/31/25 158 933,708 $ 21,583 $ 23.12 $ 10.06 $ 7.79 10.6 77 492,763 $ 22.79 $ 16.92 34.7 %
Three months ended 9/30/25 97 613,286 15,856 25.85 6.56 7.12 11.9 43 317,059 20.73 15.89 30.5 %
Three months ended 6/30/25 153 922,941 20,459 22.17 8.31 6.98 9.8 81 570,079 20.44 14.21 43.8 %
Three months ended 3/31/25 104 535,386 12,181 22.75 9.63 7.16 10.7 48 237,521 21.97 14.89 47.5 %
TOTAL - TWELVE MONTHS ENDED 12/31/25 512 3,005,321 $ 70,079 $ 23.32 $ 8.73 $ 7.29 10.6 249 1,617,422 $ 21.44 $ 15.46 38.7 %
RENEWAL LEASES
Three months ended 12/31/25 135 519,651 $ 12,424 $ 23.91 $ 1.86 $ 0.14 5.6 135 519,651 $ 23.91 $ 20.59 16.1 %
Three months ended 9/30/25 173 907,780 19,063 21.00 1.15 0.02 6.8 173 907,780 21.00 18.42 14.0 %
Three months ended 6/30/25 247 786,015 20,214 25.72 1.69 0.01 5.5 246 782,335 25.72 22.34 15.1 %
Three months ended 3/31/25 165 759,606 16,711 22.00 0.38 0.02 5.1 165 759,606 22.00 19.30 14.0 %
TOTAL - TWELVE MONTHS ENDED 12/31/25 720 2,973,052 $ 68,412 $ 23.01 $ 1.22 $ 0.04 5.8 719 2,969,372 $ 23.01 $ 20.06 14.7 %
OPTION LEASES
Three months ended 12/31/25 44 726,616 $ 10,008 $ 13.77 $ — $ — 5.0 44 726,616 $ 13.77 $ 12.86 7.1 %
Three months ended 9/30/25 53 1,116,945 14,759 13.21 — — 5.1 52 1,023,665 13.96 13.33 4.7 %
Three months ended 6/30/25 59 756,366 10,412 13.77 — — 5.0 59 756,366 13.77 12.89 6.8 %
Three months ended 3/31/25 65 952,402 13,722 14.41 — — 5.0 65 952,402 14.41 13.45 7.1 %
TOTAL - TWELVE MONTHS ENDED 12/31/25 221 3,552,329 $ 48,901 $ 13.77 $ — $ — 5.0 220 3,459,049 $ 14.00 $ 13.17 6.3 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 12/31/25 Twelve Months Ended 12/31/25
% 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 15 % 1,361,124 62 % 41 % $ 13.25 19.6 % 15 % 6,103,008 64 % 45 % $ 13.90 16.6 %
New & Renewal Leases Only 11 % 750,489 52 % 34 % 15.27 32.4 % 10 % 3,111,645 52 % 37 % 16.47 28.9 %
New Leases 13 % 525,798 56 % 39 % 15.84 49.8 % 14 % 1,754,801 58 % 45 % 17.84 57.7 %
Renewal Leases 8 % 224,691 43 % 25 % 13.93 10.4 % 8 % 1,356,844 46 % 29 % 14.70 11.5 %
Option Leases 45 % 610,635 84 % 66 % 10.76 6.3 % 41 % 2,991,363 84 % 69 % 11.23 5.2 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 85 % 818,851 38 % 59 % $ 31.73 17.8 % 85 % 3,427,694 36 % 55 % $ 29.92 16.3 %
New & Renewal Leases Only 89 % 702,870 48 % 66 % 32.08 20.0 % 90 % 2,866,728 48 % 63 % 30.43 18.1 %
New Leases 87 % 407,910 44 % 61 % 32.49 23.2 % 86 % 1,250,520 42 % 55 % 31.01 24.0 %
Renewal Leases 92 % 294,960 57 % 75 % 31.50 18.2 % 92 % 1,616,208 54 % 71 % 29.99 16.1 %
Option Leases 55 % 115,981 16 % 34 % 29.64 8.8 % 59 % 560,966 16 % 31 % 27.29 9.0 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 29
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Twelve Months Ended Three Months Ended
12/31/25 12/31/25 9/30/25 6/30/25 3/31/25 12/31/24
NEW LEASES
Weighted average over lease term:
Base rent $ 25.44 $ 25.06 $ 28.03 $ 24.49 $ 24.76 $ 23.04
Tenant improvements and allowances (1.05) (1.17) (0.78) (1.02) (1.19) (0.76)
Third-party leasing commissions (0.73) (0.80) (0.70) (0.70) (0.71) (0.69)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 23.66 23.09 26.55 22.77 22.86 21.59
Tenant specific landlord work (1) (2.13) (2.48) (2.02) (2.19) (1.51) (2.12)
NET EFFECTIVE RENT $ 21.53 $ 20.61 $ 24.53 $ 20.58 $ 21.35 $ 19.47
Net effective rent before tenant specific landlord work /
base rent 93% 92% 95% 93% 92% 94%
Net effective rent / base rent 85% 82% 88% 84% 86% 85%
Weighted average term (years) 10.6 10.6 11.9 9.8 10.7 10.3
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 44% 38% 55% 43% 42% 41%
< 10,000 SF 56% 62% 45% 57% 58% 59%
As of 12/31/2025 Leases GLA ABR ABR PSF
≥ 10,000 SF 72 1,763,870 $ 30,394 $ 17.23
< 10,000 SF 289 942,031 31,911 33.87
TOTAL 361 2,705,901 $ 62,305 $ 23.03
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2026 2027 2028+ Total
Projected Lease Commencements $ 42,806 $ 18,466 $ 1,033 $ 62,305
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 440 basis points of total portfolio GLA (62.3M in ABR), 90 basis points (12.5M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
(3) Includes only new leases and expansions of existing leases.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2025 Page 30
LEASE EXPIRATION SCHEDULE ↩Table of<br><br>Contents
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ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 176 685,497 1.1 % 1.0 % $ 15.28 $ 15.28 15 296,361 0.7 % 0.4 % $ 7.00 $ 7.00 161 389,136 2.1 % 1.6 % $ 21.59 $ 21.59
2026 851 4,830,714 8.1 % 6.9 % 14.97 14.99 108 2,941,057 7.2 % 5.5 % 9.62 9.62 743 1,889,657 10.0 % 8.2 % 23.30 23.33
2027 1,098 8,005,429 13.4 % 12.5 % 16.36 16.53 180 5,438,111 13.3 % 12.3 % 11.56 11.58 918 2,567,318 13.6 % 12.6 % 26.52 26.99
2028 1,096 6,909,399 11.6 % 12.0 % 18.21 18.66 163 4,496,614 11.0 % 11.0 % 12.46 12.55 933 2,412,785 12.8 % 12.9 % 28.93 30.06
2029 970 7,964,526 13.4 % 12.6 % 16.62 17.16 177 5,736,160 14.1 % 13.5 % 11.99 12.13 793 2,228,366 11.8 % 11.8 % 28.52 30.11
2030 934 7,767,334 13.0 % 12.4 % 16.75 17.42 184 5,544,048 13.6 % 13.1 % 12.05 12.17 750 2,223,286 11.8 % 11.7 % 28.47 30.53
2031 593 5,356,681 9.0 % 8.2 % 16.13 17.78 127 3,874,877 9.5 % 9.1 % 11.98 12.81 466 1,481,804 7.9 % 7.4 % 26.96 30.78
2032 400 2,998,006 5.0 % 5.3 % 18.52 20.58 68 1,973,990 4.8 % 4.9 % 12.54 13.52 332 1,024,016 5.4 % 5.7 % 30.06 34.19
2033 435 3,006,235 5.0 % 5.7 % 19.85 22.50 78 1,847,513 4.5 % 4.9 % 13.43 14.73 357 1,158,722 6.1 % 6.5 % 30.10 34.89
2034 434 3,604,255 6.0 % 6.3 % 18.32 20.94 83 2,480,054 6.1 % 6.2 % 12.75 13.90 351 1,124,201 6.0 % 6.5 % 30.62 36.46
2035 409 3,246,949 5.5 % 6.6 % 21.52 25.00 89 2,228,416 5.6 % 6.9 % 15.78 17.48 320 1,018,533 5.4 % 6.3 % 34.06 41.44
2036+ 515 5,252,858 8.9 % 10.5 % 21.01 25.48 140 3,915,445 9.6 % 12.2 % 15.93 18.68 375 1,337,413 7.1 % 8.8 % 35.90 45.37
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 176 685,497 1.1 % 1.0 % $ 15.28 $ 15.28 15 296,361 0.7 % 0.4 % $ 7.00 $ 7.00 161 389,136 2.1 % 1.6 % $ 21.59 $ 21.59
2026 727 3,298,649 5.5 % 4.6 % 14.73 14.74 67 1,685,100 4.1 % 2.4 % 7.24 7.24 660 1,613,549 8.6 % 6.7 % 22.55 22.58
2027 742 2,899,858 4.9 % 5.9 % 21.20 21.58 57 1,220,965 3.0 % 3.2 % 13.28 13.35 685 1,678,893 8.9 % 8.4 % 26.95 27.57
2028 777 2,550,990 4.3 % 5.8 % 23.68 24.71 44 888,733 2.2 % 2.4 % 13.64 14.00 733 1,662,257 8.8 % 8.9 % 29.06 30.45
2029 602 2,074,075 3.5 % 4.6 % 23.38 25.04 30 673,106 1.7 % 1.8 % 13.59 14.56 572 1,400,969 7.4 % 7.3 % 28.09 30.08
2030 586 2,445,966 4.1 % 5.1 % 21.99 23.72 47 1,033,428 2.5 % 3.0 % 14.57 14.99 539 1,412,538 7.5 % 7.2 % 27.42 30.10
2031 375 1,879,649 3.2 % 3.4 % 18.89 21.63 32 953,519 2.3 % 2.1 % 11.38 12.47 343 926,130 4.9 % 4.6 % 26.63 31.05
2032 336 2,011,757 3.4 % 3.6 % 18.93 20.95 52 1,186,230 2.9 % 2.9 % 12.47 13.43 284 825,527 4.4 % 4.3 % 28.22 31.76
2033 323 1,998,523 3.4 % 3.6 % 19.05 21.66 57 1,204,182 3.0 % 3.0 % 12.59 13.74 266 794,341 4.2 % 4.2 % 28.85 33.66
2034 340 2,239,015 3.7 % 4.0 % 18.70 22.38 50 1,394,504 3.4 % 3.3 % 12.00 14.83 290 844,511 4.5 % 4.7 % 29.77 34.85
2035 364 2,734,687 4.5 % 5.0 % 19.01 21.82 71 1,884,933 4.6 % 4.9 % 13.19 14.29 293 849,754 4.5 % 5.0 % 31.94 38.54
2036+ 2,563 34,809,217 58.4 % 53.4 % 16.12 21.07 890 28,351,585 69.6 % 70.6 % 12.73 16.48 1,673 6,457,632 34.2 % 37.1 % 31.02 41.22
(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 12/31/25 82.6% 86.6%
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 31
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
PROPERTIES BY LARGEST US CBSAs Percent of
Number of Percent Percent Number of Percent Percent
Largest US CBSAs by 2024 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 243 43,582,252 91.3 % 94.8 % $ 759,681 $ 19.52 69.8 % 69.5 % 72.4 %
CBSAs Ranked 51 - 100 by Population 35 6,779,887 89.8 % 93.8 % 98,928 16.53 10.1 % 10.8 % 9.4 %
Other CBSAs 70 12,322,602 93.7 % 96.8 % 191,349 17.35 20.1 % 19.7 % 18.2 %
TOTAL 348 62,684,741 91.6 % 95.1 % $ 1,049,958 $ 18.77 100.0 % 100.0 % 100.0 %
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9 21 3,950,041 95.4 % 97.9 % $ 78,336 $ 23.35 5.9 % 6.4 % 7.6 %
2 New York-Newark-Jersey City, NY-NJ 1 27 3,219,848 85.7 % 91.5 % 74,175 25.59 7.7 % 5.2 % 7.2 %
3 Houston-Pasadena-The Woodlands, TX 5 28 4,121,998 89.7 % 94.6 % 70,160 18.20 7.9 % 6.7 % 6.6 %
4 Chicago-Naperville-Elgin, IL-IN 3 15 3,824,753 88.3 % 91.9 % 56,984 16.66 4.2 % 6.1 % 5.4 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,727,215 88.7 % 95.9 % 55,871 22.58 3.6 % 4.4 % 5.3 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,901,253 93.5 % 96.8 % 45,656 27.01 3.1 % 3.0 % 4.3 %
7 Atlanta-Sandy Springs-Roswell, GA 8 20 2,943,705 94.1 % 96.2 % 42,298 15.57 5.7 % 4.7 % 4.0 %
8 Tampa-St. Petersburg-Clearwater, FL 17 12 2,241,084 92.3 % 93.9 % 34,641 17.51 3.4 % 3.6 % 3.3 %
9 Cincinnati, OH-KY-IN 30 7 1,616,571 98.2 % 99.5 % 24,011 19.67 2.0 % 2.6 % 2.3 %
10 Denver-Aurora-Centennial, CO 19 7 1,476,204 85.9 % 94.6 % 22,847 17.72 2.0 % 2.4 % 2.2 %
10 Largest CBSAs by ABR — 161 28,022,672 91.0 % 95.0 % 504,979 20.28 45.5 % 45.1 % 48.2 %
11 Naples-Marco Island, FL 136 5 1,067,602 96.9 % 98.3 % 22,467 21.77 1.4 % 1.7 % 2.1 %
12 Orlando-Kissimmee-Sanford, FL 20 5 813,168 94.2 % 97.6 % 21,426 27.07 1.4 % 1.3 % 2.0 %
13 Riverside-San Bernardino-Ontario, CA 12 5 962,914 95.4 % 97.3 % 21,069 28.33 1.4 % 1.5 % 2.0 %
14 Miami-Fort Lauderdale-West Palm Beach, FL 6 7 1,051,536 86.3 % 94.5 % 19,727 20.39 2.0 % 1.7 % 1.9 %
15 San Diego-Chula Vista-Carlsbad, CA 18 3 657,898 95.1 % 98.8 % 18,502 28.69 0.9 % 1.0 % 1.8 %
16 Detroit-Warren-Dearborn, MI 14 7 1,366,128 95.3 % 97.6 % 17,845 14.65 2.0 % 2.2 % 1.7 %
17 Ann Arbor, MI 150 4 942,205 94.4 % 98.6 % 17,370 18.90 1.1 % 1.5 % 1.7 %
18 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,642 94.7 % 95.1 % 16,339 17.45 2.3 % 1.7 % 1.6 %
19 Charlotte-Concord-Gastonia, NC-SC 21 4 1,301,437 93.2 % 97.1 % 16,267 14.14 1.1 % 2.1 % 1.5 %
20 Hartford-West Hartford-East Hartford, CT 51 4 876,628 86.4 % 90.1 % 13,530 17.49 1.1 % 1.4 % 1.3 %
20 Largest CBSAs by ABR — 213 38,148,830 91.6 % 95.4 % 689,521 20.23 60.2 % 61.2 % 65.8 %
21 Boston-Cambridge-Newton, MA-NH 11 6 771,135 95.5 % 95.9 % 13,219 17.89 1.7 % 1.2 % 1.3 %
22 Port St. Lucie, FL 106 5 692,612 93.9 % 98.3 % 12,072 17.91 1.4 % 1.1 % 1.1 %
23 North Port-Bradenton-Sarasota, FL 62 5 745,713 92.4 % 96.5 % 12,016 16.86 1.4 % 1.2 % 1.1 %
24 Vallejo, CA 120 1 519,266 97.9 % 98.3 % 11,744 23.19 0.3 % 0.8 % 1.1 %
25 Binghamton, NY 204 4 750,730 91.6 % 98.4 % 11,724 15.98 1.1 % 1.2 % 1.1 %
26 Allentown-Bethlehem-Easton, PA-NJ 68 3 824,148 98.8 % 98.8 % 11,674 15.62 0.9 % 1.3 % 1.1 %
27 San Francisco-Oakland-Fremont, CA 13 2 506,513 76.8 % 77.5 % 11,604 29.73 0.6 % 0.8 % 1.1 %
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 32
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
28 Nashville-Davidson--Murfreesboro--Franklin, TN 34 4 771,283 95.6 % 96.9 % 11,338 15.24 1.1 % 1.2 % 1.1 %
29 Memphis, TN-MS-AR 46 1 649,252 92.8 % 96.0 % 10,235 17.30 0.3 % 1.0 % 1.0 %
30 Jacksonville, FL 39 3 700,569 90.9 % 93.7 % 9,017 14.50 0.9 % 1.1 % 0.9 %
31 Cleveland, OH 35 3 643,028 87.5 % 87.5 % 8,918 16.00 0.9 % 1.0 % 0.8 %
32 Indianapolis-Carmel-Greenwood, IN 33 2 709,560 89.9 % 92.1 % 8,608 13.44 0.6 % 1.1 % 0.8 %
33 Louisville/Jefferson County, KY-IN 44 4 697,417 93.7 % 98.7 % 8,402 12.52 1.1 % 1.1 % 0.8 %
34 Raleigh-Cary, NC 41 3 462,319 99.2 % 99.2 % 8,000 17.53 0.9 % 0.7 % 0.8 %
35 Worcester, MA 70 3 526,403 94.2 % 97.3 % 7,205 16.69 0.9 % 0.8 % 0.7 %
36 Scranton--Wilkes-Barre, PA 104 2 618,431 94.7 % 99.7 % 6,607 24.26 0.6 % 1.0 % 0.6 %
37 Wilmington, NC 113 2 379,959 100.0 % 100.0 % 6,547 17.45 0.6 % 0.6 % 0.6 %
38 Greensboro-High Point, NC 79 1 407,244 97.4 % 100.0 % 6,537 16.05 0.3 % 0.6 % 0.6 %
39 Milwaukee-Waukesha, WI 42 3 520,769 93.6 % 94.0 % 6,473 13.24 0.9 % 0.8 % 0.6 %
40 Oxnard-Thousand Oaks-Ventura, CA 76 2 316,299 84.7 % 99.2 % 6,341 20.99 0.6 % 0.5 % 0.6 %
41 Hilton Head Island-Bluffton-Port Royal, SC 205 3 321,481 82.2 % 98.4 % 6,200 19.61 0.9 % 0.5 % 0.6 %
42 New Haven, CT 102 4 486,863 92.7 % 92.7 % 6,036 13.37 1.1 % 0.8 % 0.6 %
43 Kiryas Joel-Poughkeepsie-Newburgh, NY 86 3 401,205 95.4 % 96.6 % 5,778 16.04 0.9 % 0.6 % 0.6 %
44 Atlantic City-Hammonton, NJ 154 2 315,530 98.5 % 100.0 % 5,709 18.09 0.6 % 0.5 % 0.5 %
45 Spartanburg, SC 139 1 376,624 94.2 % 95.4 % 5,356 15.26 0.3 % 0.6 % 0.5 %
46 College Station-Bryan, TX 176 2 296,841 97.6 % 98.2 % 5,205 23.52 0.6 % 0.5 % 0.5 %
47 Manchester-Nashua, NH 130 2 234,324 99.5 % 100.0 % 5,188 23.79 0.6 % 0.4 % 0.5 %
48 Cape Coral-Fort Myers, FL 73 1 281,822 97.3 % 97.3 % 5,055 18.93 0.3 % 0.4 % 0.5 %
49 Washington-Arlington-Alexandria, DC-VA-MD-WV 7 2 412,549 74.3 % 79.0 % 4,836 15.00 0.6 % 0.7 % 0.5 %
50 Boulder, CO 163 1 275,919 98.5 % 99.0 % 4,731 17.32 0.3 % 0.4 % 0.5 %
50 Largest CBSAs by ABR — 293 53,764,638 92.0 % 95.5 % 931,896 19.32 83.5 % 85.7 % 88.9 %
51 Greenville-Anderson-Greer, SC 56 2 220,723 99.4 % 100.0 % 4,542 21.07 0.6 % 0.4 % 0.4 %
52 Panama City-Panama City Beach, FL 212 2 403,492 99.0 % 99.3 % 4,484 11.36 0.6 % 0.6 % 0.4 %
53 Norwich-New London-Willimantic, CT 177 1 245,533 87.4 % 92.5 % 4,480 20.17 0.3 % 0.4 % 0.4 %
54 Bakersfield-Delano, CA 64 1 240,068 97.8 % 100.0 % 4,156 17.62 0.3 % 0.4 % 0.4 %
55 Sacramento-Roseville-Folsom, CA 27 1 101,466 94.1 % 100.0 % 4,080 40.21 0.3 % 0.2 % 0.4 %
56 Winston-Salem, NC 87 2 351,938 76.0 % 76.0 % 3,740 14.69 0.6 % 0.6 % 0.4 %
57 Greenville, NC 253 1 233,153 100.0 % 100.0 % 3,727 15.99 0.3 % 0.4 % 0.4 %
58 Springfield, MA 119 2 321,398 91.7 % 92.2 % 3,476 16.18 0.6 % 0.5 % 0.3 %
59 Dayton-Kettering-Beavercreek, OH 77 1 333,998 70.5 % 70.5 % 3,443 15.10 0.3 % 0.5 % 0.3 %
60 Richmond, VA 45 1 152,279 92.0 % 99.3 % 3,168 20.96 0.3 % 0.2 % 0.3 %
61 Pittsfield, MA 335 1 188,493 99.1 % 99.1 % 3,161 16.93 0.3 % 0.3 % 0.3 %
62 Columbus, OH 32 2 277,000 96.0 % 96.1 % 3,151 12.22 0.6 % 0.4 % 0.3 %
63 Fresno, CA 49 1 200,166 96.2 % 96.2 % 3,094 16.06 0.3 % 0.3 % 0.3 %
64 Savannah, GA 128 2 214,679 97.9 % 97.9 % 3,087 14.69 0.6 % 0.3 % 0.3 %
65 Virginia Beach-Chesapeake-Norfolk, VA-NC 38 1 150,014 83.7 % 83.7 % 3,027 24.40 0.3 % 0.2 % 0.3 % Supplemental Disclosure - Three Months Ended December 31, 2025 Page 33
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
66 Roanoke, VA 167 2 311,149 100.0 % 100.0 % 3,016 11.95 0.6 % 0.5 % 0.3 %
67 Bridgeport-Stamford-Danbury, CT 60 1 180,507 79.0 % 95.2 % 2,961 19.43 0.3 % 0.3 % 0.3 %
68 Kansas City, MO-KS 31 2 286,525 96.7 % 97.7 % 2,904 10.37 0.6 % 0.5 % 0.3 %
69 Concord, NH 285 1 196,542 62.9 % 79.1 % 2,843 19.56 0.3 % 0.3 % 0.3 %
70 Duluth, MN-WI 181 1 183,105 83.3 % 93.0 % 2,541 14.93 0.3 % 0.3 % 0.2 %
71 Santa Maria-Santa Barbara, CA 124 1 166,696 100.0 % 100.0 % 2,511 15.06 0.3 % 0.3 % 0.2 %
72 Tucson, AZ 53 1 165,350 100.0 % 100.0 % 2,408 14.56 0.3 % 0.3 % 0.2 %
73 Portland-South Portland, ME 103 1 287,459 83.9 % 100.0 % 2,362 19.84 0.3 % 0.5 % 0.2 %
74 Flint, MI 140 1 164,632 98.5 % 100.0 % 2,342 14.32 0.3 % 0.3 % 0.2 %
75 Columbus, IN 439 1 143,740 96.9 % 98.1 % 2,299 16.31 0.3 % 0.2 % 0.2 %
76 Trenton-Princeton, NJ 143 1 149,993 100.0 % 100.0 % 2,294 15.29 0.3 % 0.2 % 0.2 %
77 Toledo, OH 99 1 298,765 65.8 % 88.9 % 2,121 13.55 0.3 % 0.5 % 0.2 %
78 Crestview-Fort Walton Beach-Destin, FL 171 1 158,118 100.0 % 100.0 % 2,110 13.34 0.3 % 0.3 % 0.2 %
79 Rutland, VT 552 1 223,314 93.5 % 93.5 % 2,088 10.00 0.3 % 0.4 % 0.2 %
80 Manhattan, KS 321 1 214,898 93.4 % 94.4 % 2,076 16.97 0.3 % 0.3 % 0.2 %
81 Deltona-Daytona Beach-Ormond Beach, FL 84 1 184,379 75.6 % 90.1 % 2,071 12.47 0.3 % 0.3 % 0.2 %
82 Austin-Round Rock-San Marcos, TX 25 1 170,605 89.5 % 89.5 % 2,066 13.53 0.3 % 0.3 % 0.2 %
83 Palm Bay-Melbourne-Titusville, FL 91 1 131,243 91.3 % 91.3 % 1,977 16.51 0.3 % 0.2 % 0.2 %
84 Charleston-North Charleston, SC 71 1 174,094 98.6 % 98.6 % 1,918 11.32 0.3 % 0.3 % 0.2 %
85 Lexington Park, MD 230 1 92,335 100.0 % 100.0 % 1,868 20.23 0.3 % 0.1 % 0.2 %
86 Ithaca, NY 382 1 204,405 69.1 % 71.1 % 1,864 12.82 0.3 % 0.3 % 0.2 %
87 Murrells Inlet, SC 519 1 120,453 97.7 % 97.7 % 1,836 15.60 0.3 % 0.2 % 0.2 %
88 Lansing-East Lansing, MI 116 1 160,946 100.0 % 100.0 % 1,781 11.07 0.3 % 0.3 % 0.2 %
89 Corbin, KY 301 1 166,026 99.0 % 99.0 % 1,640 9.97 0.3 % 0.3 % 0.2 %
90 Lafayette-West Lafayette, IN 214 1 132,027 100.0 % 100.0 % 1,540 11.66 0.3 % 0.2 % 0.1 %
91 Knoxville, TN 61 1 119,360 100.0 % 100.0 % 1,455 12.19 0.3 % 0.2 % 0.1 %
92 Corpus Christi, TX 122 1 84,667 95.3 % 95.3 % 1,438 17.83 0.3 % 0.1 % 0.1 %
93 Modesto, CA 107 1 87,124 75.1 % 100.0 % 1,418 16.75 0.3 % 0.1 % 0.1 %
94 St. Louis, MO-IL 23 1 137,408 69.6 % 69.6 % 1,387 15.01 0.3 % 0.2 % 0.1 %
95 Parkersburg-Vienna, WV 433 1 75,344 100.0 % 100.0 % 884 11.73 0.3 % 0.1 % 0.1 %
96 Muskegon-Norton Shores, MI 260 1 104,600 42.3 % 46.2 % 836 17.31 0.3 % 0.2 % 0.1 %
97 Altoona, PA 356 1 9,894 86.7 % 100.0 % 391 39.52 0.3 % 0.0 % 0.0 %
TOTAL — 348 62,684,741 91.6 % 95.1 % $ 1,049,958 $ 18.77 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended December 31, 2025 Page 34
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PROPERTIES BY STATE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 48 8,471,338 92.6 % 95.8 % $ 147,063 $ 18.66 13.8 % 13.5 % 14.0 %
2 Texas 45 7,401,326 89.7 % 95.1 % 134,740 19.86 12.9 % 11.8 % 12.8 %
3 California 29 5,659,663 92.6 % 96.0 % 130,175 25.73 8.4 % 9.0 % 12.4 %
4 New York 27 3,442,455 88.4 % 94.3 % 75,798 23.96 7.8 % 5.4 % 7.3 %
5 Pennsylvania 22 4,211,974 95.2 % 98.1 % 74,637 22.21 6.3 % 6.7 % 7.2 %
6 Illinois 15 3,824,753 88.3 % 91.9 % 56,984 16.66 4.3 % 6.1 % 5.4 %
7 New Jersey 16 2,789,796 91.6 % 93.8 % 48,117 19.54 4.6 % 4.5 % 4.6 %
8 Georgia 22 3,158,384 94.3 % 96.3 % 45,385 15.51 6.3 % 5.0 % 4.3 %
9 North Carolina 13 3,136,050 94.0 % 96.0 % 44,818 15.58 3.7 % 5.0 % 4.3 %
10 Michigan 14 2,738,511 93.4 % 96.3 % 40,174 16.01 4.0 % 4.4 % 3.8 %
11 Ohio 13 2,489,723 87.6 % 90.8 % 32,023 17.00 3.7 % 4.0 % 3.0 %
12 Colorado 8 1,752,123 87.9 % 95.3 % 27,578 17.65 2.3 % 2.8 % 2.6 %
13 Connecticut 10 1,789,531 87.5 % 91.7 % 27,007 16.89 2.9 % 2.9 % 2.6 %
14 Massachusetts 11 1,657,165 94.8 % 96.0 % 25,379 17.76 3.2 % 2.6 % 2.4 %
15 Tennessee 6 1,539,895 94.8 % 96.8 % 23,028 15.83 1.7 % 2.5 % 2.2 %
16 South Carolina 8 1,213,375 92.9 % 97.7 % 19,852 16.97 2.3 % 1.9 % 1.9 %
17 Kentucky 6 1,543,082 96.2 % 99.1 % 19,663 14.33 1.7 % 2.5 % 1.9 %
18 Minnesota 9 1,269,747 93.0 % 94.8 % 18,880 17.06 2.6 % 2.0 % 1.8 %
19 Indiana 4 985,327 92.3 % 94.0 % 12,447 13.62 1.1 % 1.6 % 1.2 %
20 Virginia 5 746,349 91.7 % 93.2 % 10,282 16.19 1.4 % 1.2 % 1.0 %
21 New Hampshire 4 581,130 86.1 % 91.9 % 9,713 19.16 1.1 % 0.9 % 0.9 %
22 Wisconsin 3 520,769 93.6 % 94.0 % 6,473 13.24 0.9 % 0.8 % 0.6 %
23 Maryland 2 371,977 78.3 % 83.5 % 5,633 18.35 0.6 % 0.6 % 0.5 %
24 Missouri 3 423,933 87.9 % 88.6 % 4,291 11.53 0.9 % 0.7 % 0.4 %
25 Arizona 1 165,350 100.0 % 100.0 % 2,408 14.56 0.3 % 0.3 % 0.2 %
26 Maine 1 287,459 83.9 % 100.0 % 2,362 19.84 0.3 % 0.5 % 0.2 %
27 Vermont 1 223,314 93.5 % 93.5 % 2,088 10.00 0.3 % 0.4 % 0.2 %
28 Kansas 1 214,898 93.4 % 94.4 % 2,076 16.97 0.3 % 0.3 % 0.2 %
29 West Virginia 1 75,344 100.0 % 100.0 % 884 11.73 0.3 % 0.1 % 0.1 %
TOTAL 348 62,684,741 91.6 % 95.1 % $ 1,049,958 $ 18.77 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 35
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
1 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 100.0 % $ 2,408 $ 14.56 Sam's Club* Ace Pickleball Club, Big 5 Sporting Goods, CareMore, Defy-Tucson, Dollar Tree —
2 Bakersfield Plaza Bakersfield CA Bakersfield-Delano, CA 1970 240,068 100.0 % 4,156 17.62 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Kids Empire, Ross Dress for Less Hobby Lobby
3 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 100.0 % 5,831 32.52 Ralphs (Kroger) Boot Barn, HomeGoods, World Market —
4 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 99.0 % 3,467 28.77 TBA, Trader Joe's* CVS, Harbor Freight Tools —
5 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,637 24.67 Stater Bros. — —
6 Chino Spectrum Towne Center Chino CA Riverside-San Bernardino-Ontario, CA 2002 461,246 95.3 % 9,858 31.84 H Mart, Sam's Club*, Walmart Supercenter* Best Buy, BevMo, Big 5 Sporting Goods, DSW, Kohl's, Marshalls, Nordstrom Rack, Skechers, Tilly's, Ulta —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 94.3 % 2,989 25.72 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection Davis CA Sacramento-Roseville-Folsom, CA 2025 101,466 100.0 % 4,080 40.21 Trader Joe's Nordstrom Rack, PetSmart, Ulta —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 94.9 % 1,743 18.62 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 97.8 % 3,576 29.32 Major Market, Trader Joe's FunBox —
11 Arbor Faire Fresno CA Fresno, CA 1995 200,166 96.2 % 3,094 16.06 Smart & Final Extra! (Chedraui USA) Boot Barn, PetSmart, The Home Depot DICK's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 166,696 100.0 % 2,511 15.06 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 87,124 100.0 % 1,418 16.75 Grocery Outlet dd's Discounts (Ross), Ross Dress for Less In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 94.4 % 6,182 23.22 Albertsons Best Buy, CVS, Kohl's, Optum Urgent Care, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 100.0 % 2,617 21.69 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 215,930 100.0 % 2,985 13.99 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Fremont, CA 1996 177,573 35.9 % 1,485 23.31 — — Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Fremont, CA 2019 328,940 100.0 % 10,119 30.98 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2025 258,685 96.3 % 7,074 28.39 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls/HomeGoods, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 98.2 % 5,799 34.73 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 % 1,491 30.62 Stater Bros. — —
22 Village at Mira Mesa San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 434,634 100.0 % 13,183 30.71 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Petco —
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 97.4 % 4,339 27.04 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J.Maxx Big 5 Sporting Goods, Burlington Stores
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 82.0 % 3,511 39.41 Trader Joe's Petco, Ross Dress for Less —
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 4,086 27.47 El Super (Chedraui USA), Walmart Supercenter Five Below, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 187,930 99.4 % 2,874 15.83 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, CVS, Dollar Tree, Planet Fitness, Regency Theaters —
27 Vail Ranch Center Temecula CA Riverside-San Bernardino-Ontario, CA 2024 201,682 98.4 % 4,377 29.60 Stater Bros. Burlington Stores, Dollar Tree, Five Below, Harbor Freight Tools, Kahoots —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 97.7 % 1,369 26.35 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 100.0 % 2,580 26.02 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (2) Vallejo CA Vallejo, CA 2023 519,266 98.3 % 11,744 23.19 Costco* Boot Barn, Century Theatres, City Sports Club, DSW, Mancini's Sleepworld, Marshalls, Michaels, OfficeMax, Petco, PetSmart, Ross Dress for Less, Sky Zone, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Centennial, CO 1994 93,904 100.0 % 1,053 11.58 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Centennial, CO 1996 476,299 87.7 % 7,698 18.63 King Soopers (Kroger) 2nd & Charles, Ace Hardware, Ace Pickleball, Activate, AMC, Boot Barn, Burlington Stores, Goldfish Swim School, Hobby Lobby, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Centennial, CO 1996 178,013 100.0 % 2,405 13.99 King Soopers (Kroger) Chuze Fitness, iGen —
34 Broomfield Town Centre Broomfield CO Denver-Aurora-Centennial, CO 1998 175,368 94.1 % 3,098 20.95 King Soopers (Kroger) Petco Home Depot
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 36
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
35 Villa Monaco Denver CO Denver-Aurora-Centennial, CO 1978 121,101 96.6 % 2,117 18.09 — Chuze Fitness —
36 Centennial Shopping Center Englewood CO Denver-Aurora-Centennial, CO 2013 113,830 100.0 % 1,441 39.46 King Soopers (Kroger) — —
37 Superior Marketplace Superior CO Boulder, CO 1997 275,919 99.0 % 4,731 17.32 Whole Foods Market (Amazon), Costco*, SuperTarget* Barnes & Noble, Chuck E. Cheese, Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
38 Westminster City Center Westminster CO Denver-Aurora-Centennial, CO 2024 317,689 98.1 % 5,035 16.15 Trader Joe's Barnes & Noble, Cavender's Boot City, David's Bridal, Dollar Tree, DSW, Golf Galaxy, Hyper Kidz, Petco, Ross Dress for Less, Sierra Trading Post, The Tile Shop, Ulta —
39 The Shoppes at Fox Run Glastonbury CT Hartford-West Hartford-East Hartford, CT 1974 108,167 94.3 % 3,054 29.94 Whole Foods Market (Amazon) Petco —
40 Parkway Plaza Hamden CT New Haven, CT 2006 72,353 100.0 % 1,144 15.81 Price Rite Marketplace (Wakefern) — The Home Depot
41 The Manchester Collection (2) Manchester CT Hartford-West Hartford-East Hartford, CT 2001 310,649 86.4 % 3,263 12.97 Walmart Supercenter* Advance Auto Parts, Crazy Hot Deals, DSW, Edge Fitness, Lava Island, Namco, Pickleball Kingdom, Savers, U.S. Furniture, World Market —
42 The Plaza at Buckland Hills Manchester CT Hartford-West Hartford-East Hartford, CT 1987 307,918 89.0 % 5,479 19.98 Trader Joe's Burlington Stores, Dollar Tree, K&G Fashion, Marshalls, Michaels, Nordstrom Rack, PetSmart, Total Wine & More, Ulta —
43 Turnpike Plaza Newington CT Hartford-West Hartford-East Hartford, CT 2004 149,894 97.1 % 1,734 11.91 Price Chopper (Northeast Grocery) — —
44 North Haven Crossing North Haven CT New Haven, CT 1993 102,787 89.8 % 1,644 17.81 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
45 Colonial Commons - Orange Orange CT New Haven, CT 1996 133,786 90.8 % 609 5.01 — — —
46 Stratford Square Stratford CT Bridgeport-Stamford-Danbury, CT 1984 180,507 95.2 % 2,961 19.43 ALDI Esporta Fitness, Five Below, Marshalls —
47 Waterbury Plaza Waterbury CT New Haven, CT 2000 177,937 92.9 % 2,639 15.97 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
48 Waterford Commons Waterford CT Norwich-New London-Willimantic, CT 2004 245,533 92.5 % 4,480 20.17 — Books-A-Million, DICK'S Sporting Goods, DSW, Michaels, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
49 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,822 97.3 % 5,055 18.93 Publix bealls, Burlington Stores, Gold's Gym, Kohl's, Naples Community Hospital, NewSouth Window Solutions —
50 Coastal Way - Coastal Landing (2) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 100.0 % 6,736 20.07 BJ's Wholesale Club, Sprouts Farmers Market Belk, Burlington Stores, HomeGoods, Marshalls, Michaels, Petco, Ulta —
51 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,729 98.0 % 8,020 27.21 Costco*, SuperTarget* Burlington Stores, Dollar Tree, Five Below, Golf Galaxy, Michaels, PetSmart, Ross Dress for Less, Ulta Lowe's
52 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 263,646 92.7 % 4,479 18.48 Publix Burlington Stores, Harvest Church, Off the Wall Trampoline, Planet Fitness, Sanitas Medical Center —
53 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2006 90,483 84.3 % 2,054 26.94 — Broward County Library, CVS —
54 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 90.1 % 2,071 12.47 Publix Marshalls, Planet Fitness, Tractor Supply Co. —
55 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 100.0 % 2,110 13.34 Publix, ALDI* bealls, Books-A-Million, Office Depot, T.J.Maxx —
56 Normandy Square Jacksonville FL Jacksonville, FL 1996 89,822 100.0 % 952 10.91 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar —
57 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 334,647 94.4 % 3,638 12.58 NetCost Market American Freight, bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse —
58 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,218 22.59 — Esporta Fitness, La Familia Pawn & Jewelry —
59 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-West Palm Beach, FL 2002 135,820 100.0 % 3,006 22.51 Walmart Neighborhood Market Walgreens —
60 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-West Palm Beach, FL 1992 185,675 94.1 % 2,048 11.90 Publix City Mattress, Dollar Tree, Staples —
61 Marco Town Center Marco Island FL Naples-Marco Island, FL 2023 109,545 100.0 % 3,376 30.82 Publix — —
62 Shops at Palm Lakes Miami FL Miami-Fort Lauderdale-West Palm Beach, FL 2023 231,536 100.0 % 5,337 25.19 Fresco y Más dd's Discounts (Ross), LA Fitness, Ross Dress for Less —
63 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 100.0 % 2,902 15.02 Publix Burlington Stores, HomeGoods, Planet Fitness —
64 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 100.0 % 6,380 20.81 Trader Joe's Chuck E. Cheese, Connors Steak and Seafood, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
65 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,531 22.84 Publix Marshalls, Office Depot, PGA TOUR Superstore, West Marine —
66 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,441 92.7 % 5,278 23.52 The Fresh Market Barnes & Noble, Burlington Stores, Dollar Tree, HomeGoods, Saks OFF Fifth —
67 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 94.5 % 1,099 14.33 Publix — —
68 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,379 16.86 — JAS Furniture Group, LA Fitness Target Supplemental Disclosure - Three Months Ended December 31, 2025 Page 37
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
69 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 100.0 % 1,293 16.94 Publix — —
70 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,461 20.10 Seabra Foods Office Depot —
71 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2026 423,004 95.3 % 14,075 34.91 — Activate, Capital Grille, Cuba Libre, Dick's Last Resort, Hampton Social, Improv & Fat Fish Blue, Main Event, Maggiano's Little Italy, Monkey Joe's, Museum of Ice Cream, Regal Cinemas, Rodizio Grill, Sports & Social, Wonderworks —
72 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 879 13.62 Publix — —
73 Martin Downs Village Center (2) Palm City FL Port St. Lucie, FL 1987 167,145 97.2 % 3,825 24.51 — Goodwill, Walgreens —
74 23rd Street Station Panama City FL Panama City-Panama City Beach, FL 1995 98,827 98.7 % 1,607 16.47 Publix — —
75 Panama City Square Panama City FL Panama City-Panama City Beach, FL 1989 304,665 99.5 % 2,877 9.68 Walmart Supercenter Good Deal Charlie’s Furniture, Harbor Freight Tools, HomeGoods, T.J.Maxx —
76 East Port Plaza Port St. Lucie FL Port St. Lucie, FL 2024 214,489 99.2 % 3,473 16.32 Publix Fortis Institute, Goodwill, Urban Air Adventure Park, Walgreens —
77 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 98.9 % 1,478 15.69 Winn-Dixie (ALDI) — —
78 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 818 14.35 Winn-Dixie (Southeastern Grocers) — —
79 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 39,404 96.4 % 960 25.26 SuperTarget* — —
80 Beneva Village Shoppes Sarasota FL North Port-Bradenton-Sarasota, FL 2020 144,078 100.0 % 3,065 21.27 Publix Archwell Health, Fitness Premier, Harbor Freight Tools —
81 Sarasota Village Sarasota FL North Port-Bradenton-Sarasota, FL 1972 173,654 100.0 % 2,561 15.12 Publix Crunch Fitness, HomeGoods, Ross Dress For Less —
82 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 91.3 % 1,977 16.51 Publix Home Centric, Planet Fitness —
83 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,290 14.61 Sprouts Farmers Market bealls, Burlington Stores, T.J.Maxx —
84 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 276,100 90.9 % 4,427 18.05 Publix Bealls Florida, Burlington Stores, Michaels, Petco —
85 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 80.6 % 2,230 20.80 Publix CVS —
86 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,327 8.98 Winn-Dixie (ALDI) bealls —
87 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 174,015 81.4 % 2,280 16.09 Winn-Dixie (Southeastern Grocers) Chuck E. Cheese, Crunch Fitness —
88 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 96.9 % 2,417 16.49 Publix Revive Health & Wellness —
89 Sunrise Town Center (3) Sunrise FL Miami-Fort Lauderdale-West Palm Beach, FL 2026 104,972 88.7 % 1,843 19.79 Patel Brothers, Publix Dollar Tree Walmart
90 Britton Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1958 465,639 88.2 % 3,802 10.92 Publix Burlington Stores, Conviva Care Center, Dollar Tree, Marshalls, Michaels, Pet Supermarket —
91 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 97.1 % 1,955 21.73 Publix Phenix Salon Suites —
92 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 90.2 % 1,373 17.97 — Dollar Tree, Ross Dress for Less —
93 Shoppes at Tarpon Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,711 18.59 Publix Petco, T.J.Maxx, Ulta —
94 Venice Plaza Venice FL North Port-Bradenton-Sarasota, FL 1999 140,345 98.9 % 1,251 9.02 ALDI T.J.Maxx/HomeGoods —
95 Venice Shopping Center Venice FL North Port-Bradenton-Sarasota, FL 2000 109,801 78.4 % 949 11.02 Publix — —
96 Venice Village Venice FL North Port-Bradenton-Sarasota, FL 2022 177,835 99.4 % 4,190 24.04 Publix Planet Fitness, The Paper Store —
97 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Roswell, GA 1993 291,622 98.0 % 4,683 22.32 — Barnes & Noble, Cooper's Hawk Winery & Restaurant, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
98 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Roswell, GA 1952 422,609 93.7 % 6,038 15.50 City Farmers Market Burlington Stores, dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma —
99 Sweetwater Village Austell GA Atlanta-Sandy Springs-Roswell, GA 1985 66,197 96.0 % 566 8.91 Food Depot Dollar Tree —
100 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Roswell, GA 2002 79,047 96.6 % 1,317 17.25 — — —
101 Salem Road Station Covington GA Atlanta-Sandy Springs-Roswell, GA 2000 67,270 100.0 % 892 13.26 Publix — —
102 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Roswell, GA 2002 94,886 97.4 % 1,450 15.69 Kroger — —
103 Cosby Station Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1994 77,811 95.7 % 919 12.35 Publix — —
104 Park Plaza Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1986 46,670 83.7 % 815 20.95 Kroger* — — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 38
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
105 Banks Station Fayetteville GA Atlanta-Sandy Springs-Roswell, GA 2006 178,871 93.3 % 1,633 11.33 Food Depot Staples —
106 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Roswell, GA 1992 220,787 100.0 % 3,235 15.19 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
107 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Roswell, GA 2003 97,040 100.0 % 1,528 15.75 Publix — —
108 Mableton Walk Mableton GA Atlanta-Sandy Springs-Roswell, GA 1994 105,884 89.8 % 1,509 15.87 Publix — —
109 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Roswell, GA 2023 221,201 96.2 % 2,595 12.20 — Burlington Stores, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Michaels, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
110 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Roswell, GA 1982 56,176 100.0 % 1,070 19.46 — Crunch Fitness —
111 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Roswell, GA 2004 113,079 92.1 % 1,392 13.36 Kroger — —
112 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Roswell, GA 1996 144,351 93.9 % 2,274 16.78 Kroger — —
113 ConneXion Roswell GA Atlanta-Sandy Springs-Roswell, GA 2016 107,355 93.6 % 2,173 21.63 — Planet Fitness —
114 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Roswell, GA 1988 93,420 100.0 % 1,128 12.07 — PGA TOUR Superstore —
115 Kings Market Roswell GA Atlanta-Sandy Springs-Roswell, GA 2005 275,244 98.0 % 3,533 13.10 Publix Ace Pickleball Club, Frontgate, Sky Zone —
116 Victory Square Savannah GA Savannah, GA 2007 113,217 98.6 % 1,880 16.84 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
117 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Roswell, GA 2008 184,185 100.0 % 3,548 19.26 Kroger DaVita Dialysis —
118 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.1 % 1,207 12.25 Kroger — —
119 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 1999 199,663 95.8 % 4,191 21.92 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese, Dollar Tree, Kirkland's, Petco, Ulta —
120 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 2000 151,643 96.0 % 2,708 18.59 Swadeshi Harbor Freight Tools, Slick City Kohl's
121 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN 2006 196,445 99.5 % 2,588 13.24 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
122 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN 1998 211,105 97.1 % 2,989 16.37 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, XSport Fitness The Home Depot
123 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN 1992 537,964 93.2 % 5,918 12.53 Tony's Fresh Market (Heritage Grocers) AMC, Burlington Stores, Dollar Tree, Hollywood Park, National Tire & Battery, OfficeMax, PetSmart, Planet Fitness, Ross Dress for Less, Skechers, The Collective —
124 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN 1987 273,060 80.1 % 2,904 13.28 Jewel-Osco (Albertsons) Harbor Freight Tools, VASA Fitness Hobby Lobby
125 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN 2005 347,503 100.0 % 5,204 14.98 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
126 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN 2006 171,530 79.5 % 2,061 15.12 — Bear Paddle Swim School, Lava Island, Painted Tree Marketplace —
127 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN 1997 106,683 84.5 % 1,451 16.10 Sunset Foods — —
128 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN 2019 240,345 70.1 % 2,593 15.40 — Altitude Trampoline Park, LA Fitness, Staxx Furniture —
129 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN 1997 118,281 93.8 % 1,819 17.30 Jewel-Osco (Albertsons) Planet Fitness —
130 Westridge Court / Block 59 (2) (3) Naperville IL Chicago-Naperville-Elgin, IL-IN 2026 533,806 93.8 % 11,427 24.38 — DICK’S Sporting Goods Warehouse Sale, Discovery Clothing, Edge Fitness, Five Below, Funtopia USA, La-Z-Boy Furniture, Painted Tree Marketplace, Star Cinema Grille, Ulta, Wayfair Outlet, World Market —
131 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN 2007 387,873 96.9 % 4,813 12.81 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco, Ulta —
132 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN 1990 102,289 94.5 % 2,225 23.02 Whole Foods Market (Amazon) Skechers —
133 Tinley Park Plaza (3) Tinley Park IL Chicago-Naperville-Elgin, IL-IN 2026 246,563 94.0 % 4,093 18.03 Amazon Fresh Burlington Stores, Dollar Tree, Planet Fitness, Ross Dress for Less, The Tile Shop —
134 Meridian Village Carmel IN Indianapolis-Carmel-Greenwood, IN 1990 130,431 97.7 % 1,493 11.72 — Ollie's Bargain Outlet —
135 Columbus Center Columbus IN Columbus, IN 1964 143,740 98.1 % 2,299 16.31 — Burlington Stores, Five Below, HomeGoods, T.J.Maxx Target
136 Speedway Super Center Speedway IN Indianapolis-Carmel-Greenwood, IN 2022 579,129 90.8 % 7,115 13.86 Kroger Aaron's, Burlington Stores, Dollar Tree, Empire Beauty School, Harbor Freight Tools, HealthNet, Indiana Bureau of Motor Vehicles, Kohl's, Mattress Firm, Oak Street Health, Petco, pOpshelf, Ross Dress for Less, T.J.Maxx —
137 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,540 11.66 Pay Less (Kroger) — —
138 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 94.4 % 2,076 16.97 Dillons (Kroger) Good Deal Charlie's Furniture, Marshalls — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 39
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
139 Florence Plaza - Florence Square (2) Florence KY Cincinnati, OH-KY-IN 2014 679,639 99.6 % 9,621 17.91 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Boot Barn, Burlington Stores, Chuck E. Cheese, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, KPot Korean BBQ & Hot Pot, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Shoe Carnival, Sierra Trading Post, Staples, T.J.Maxx, Ulta —
140 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 205,888 100.0 % 2,070 10.57 — Ace Pickleball Club, CVS, Dollar Tree, Tractor Supply Co. —
141 London Marketplace London KY Corbin, KY 1994 166,026 99.0 % 1,640 9.97 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
142 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 98.6 % 2,234 12.96 Kroger Petco —
143 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,747 96.1 % 1,936 13.44 Kroger Anytime Fitness —
144 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 100.0 % 2,162 13.60 Kroger Marketplace — —
145 Acton Plaza Acton MA Boston-Cambridge-Newton, MA-NH 1972 137,572 97.8 % 2,728 20.27 Roche Bros T.J.Maxx/HomeGoods —
146 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 93.2 % 1,191 9.10 America's Food Basket Citi Trends, Crunch Fitness —
147 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 2025 79,430 96.9 % 2,819 36.64 — Staples Duluth Trading Co.
148 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 89.5 % 1,772 15.18 Super Stop & Shop (Ahold Delhaize) Ocean State Job Lot —
149 WaterTower Plaza Leominster MA Worcester, MA 2025 295,840 99.0 % 4,321 15.02 TBA Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Petco, Staples, T.J.Maxx, The Paper Store —
150 Lunenburg Crossing Lunenburg MA Worcester, MA 1994 25,515 66.6 % 269 15.82 Hannaford Bros.* — Walmart
151 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 80,625 100.0 % 1,873 23.23 Stop And Compare Crunch Fitness —
152 Webster Square Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 94.3 % 2,926 16.97 Star Market (Albertsons) Marshalls/HomeGoods, Ocean State Job Lot —
153 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,493 99.1 % 3,161 16.93 Market 32 (Northeast Grocery) Barnes & Noble, Burlington Stores, Michaels, Ulta The Home Depot, Walmart
154 Westgate Plaza Westfield MA Springfield, MA 1996 125,403 96.4 % 1,704 17.37 ALDI Ocean State Job Lot, PetSmart, T.J.Maxx —
155 Perkins Farm Marketplace Worcester MA Worcester, MA 1967 205,048 98.8 % 2,615 20.58 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
156 South Plaza Shopping Center California MD Lexington Park, MD 2005 92,335 100.0 % 1,868 20.23 — Best Buy, Old Navy, Petco, Ross Dress for Less —
157 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,642 78.0 % 3,765 17.54 Giant Food (Ahold Delhaize) Planet Fitness, Ross Dress for Less, Ulta, Z&R Furniture —
158 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,459 100.0 % 2,362 19.84 ALDI Crunch Fitness, Dollar Tree, Lowe's, O'Reilly Auto Parts —
159 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 100.0 % 7,916 19.89 Kroger Boot Barn, DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Ross Dress for Less, Skechers, Ulta —
160 Huron Village Ann Arbor MI Ann Arbor, MI 2003 118,482 99.1 % 3,026 26.85 Whole Foods Market (Amazon) Barnes & Noble, Walgreens —
161 Maple Village Ann Arbor MI Ann Arbor, MI 2020 297,425 97.3 % 5,234 18.09 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta —
162 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 92.8 % 1,045 13.19 Busch’s Fresh Food Market Ace Hardware —
163 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 85,168 100.0 % 1,063 12.48 — Ollie's Bargain Outlet, True Value —
164 Silver Pointe Shopping Center (2) Fenton MI Flint, MI 1996 164,632 100.0 % 2,342 14.32 VG's Grocery (C&S Wholesale Grocers, LLC) Dunham's Sports Five Below, Michaels, Old Navy, T.J.Maxx
165 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 100.0 % 1,781 11.07 — DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
166 Lakes Crossing Muskegon MI Muskegon-Norton Shores, MI 2008 104,600 46.2 % 836 17.31 — Shoe Carnival, Ulta —
167 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 308,078 95.4 % 3,830 13.20 Sun Valley Supermarket Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Harbor Freight Tools, Octapharma, Ross Dress for less —
168 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 470,768 97.5 % 7,489 21.62 TBA Barnes & Noble, DSW, Emagine Theatre, Harbor Freight Tools, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta Target
169 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,781 100.0 % 1,234 12.12 — Citi Trends, Planet Fitness Burlington Stores, Forman Mills
170 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,217 7.86 — Dunham's Sports, Tractor Supply Co., Urban Air Adventure Park —
171 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 160,091 100.0 % 1,967 12.29 — Crunch Fitness, Petco, Rally House, Ross Dress for Less Burlington Stores, Target
172 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 1,194 10.03 Save-A-Lot (Rabban Brothers) Dollar Tree, Planet Fitness, Urban Air Adventure Park — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 40
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
173 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 100.0 % 2,758 22.20 SuperTarget* Dollar Tree, O'Reilly Auto Parts, Walgreens —
174 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,372 15.49 Cub Foods (United Natural Foods Inc.) — —
175 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 93.0 % 2,541 14.93 — Best Buy, Dollar Tree, Harbor Freight Tools, HomeGoods, Sierra Trading Post, T.J.Maxx —
176 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 98.6 % 2,282 26.27 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
177 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 95.7 % 2,754 13.47 Loma Bonita Market Dollar Tree, Marshalls, Michaels, Walgreens —
178 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,182 20.73 ALDI, Cub Foods* Dollar Tree —
179 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 97.0 % 2,051 17.81 Fresh Thyme Farmers Market (Meijer) Dollar Tree, Marshalls —
180 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,813 86.9 % 2,790 14.94 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Burlington Stores, Citi Trends, Dollar Tree, Five Below, Planet Fitness, Ross Dress for Less —
181 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,150 15.74 Festival Foods (Schnucks) Dollar Tree —
182 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 69.6 % 1,387 15.01 ALDI Chuck E. Cheese, Michaels, Petco —
183 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 98.5 % 1,618 10.16 Price Chopper (Associated Wholesale) Fowling Warehouse —
184 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 96.6 % 1,286 10.66 Price Chopper (Cosentino Group) — —
185 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,706 16.34 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
186 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,584 94.2 % 4,789 17.80 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
187 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,628 10.82 Patel Brothers Big Air Trampoline, Bob's Discount Furniture, Dollar Tree, Gabe's, The Home Depot, Tokyo Grill and Supreme Buffet, Value City Furniture —
188 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 184,267 98.7 % 2,952 16.23 LIDL Boot Barn, Burlington Stores, Harbor Freight Tools, PetSmart Target, The Home Depot
189 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 95.6 % 4,460 15.07 Walmart Supercenter* bealls, Best Buy, Boot Barn, Dollar Tree, Five Below, Michaels, pOpshelf, Ross Dress for Less —
190 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 100.0 % 6,537 16.05 — Burlington Stores, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Ross Dress for Less, Shoe Carnival, Total Wine & More, Ulta, Wayfair Outlet Target
191 University Commons Greenville NC Greenville, NC 1996 233,153 100.0 % 3,727 15.99 Harris Teeter (Kroger) Barnes & Noble, Five Below, HomeGoods, Petco, Shoe Carnival, T.J.Maxx —
192 North Ridge Shopping Center Raleigh NC Raleigh-Cary, NC 1980 171,372 99.2 % 3,342 19.66 Harris Teeter (Kroger) Ace Hardware, O2 Fitness —
193 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 98.1 % 4,390 12.81 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown —
194 New Centre Market Wilmington NC Wilmington, NC 1998 144,614 100.0 % 2,366 16.91 — Burlington Stores, Dollar Tree, PetSmart, Shoe Carnival, Sportsman's Warehouse —
195 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 4,181 17.77 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J.Maxx —
196 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 74.0 % 2,811 14.48 Compare Foods ArchWell Health, Citi Trends, Office Depot, O'Reilly Auto Parts —
197 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 83.8 % 929 15.34 CHEF'STORE (US Foods) Boot Barn —
198 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 103,076 100.0 % 2,399 24.56 — Boston Interiors, Planet Fitness —
199 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 79.1 % 2,843 19.56 Market Basket (DeMoulas Supermarkets) Boot Barn, Burlington Stores, Five Below, Marshalls —
200 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,789 23.17 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot
201 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 150,264 95.8 % 1,682 11.72 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
202 Laurel Square Brick NJ New York-Newark-Jersey City, NY-NJ 2023 246,254 100.0 % 2,912 11.83 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
203 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,206 100.0 % 5,306 25.77 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
204 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 41
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
205 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,464 100.0 % 3,603 15.75 LIDL Esporta Fitness, Five Below, Pep Boys, Ross Dress for Less, Ulta —
206 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 100.0 % 2,294 15.29 Grocery Outlet 2nd Ave, Crab Du Jour, DaVita Dialysis, Planet Fitness, Rothman Orthopaedic Institute —
207 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ 2002 127,230 100.0 % 2,041 16.04 Gourmet Glatt — —
208 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 96.2 % 7,893 24.28 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J.Maxx —
209 Middletown Plaza Middletown NJ New York-Newark-Jersey City, NY-NJ 2024 201,568 58.7 % 3,222 27.22 Trader Joe's Petco, Retro Fitness —
210 Springfield Place Morris NJ New York-Newark-Jersey City, NY-NJ 1965 4,000 100.0 % 267 66.75 ShopRite* — —
211 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 100.0 % 1,579 32.44 ShopRite — —
212 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ 2022 254,548 93.3 % 4,875 20.52 Bhavani Food Market, TBA Dollar Tree, Marshalls, Pep Boys, Petco, Ross Dress for Less, Texas Roadhouse —
213 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ 1994 159,561 62.8 % 1,240 12.37 — — —
214 Rio Grande Plaza Rio Grande NJ Atlantic City-Hammonton, NJ 1997 136,351 100.0 % 1,908 13.99 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
215 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,179 100.0 % 3,801 21.21 ShopRite (Village Supermarket) Staples —
216 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ 2006 87,760 100.0 % 1,721 19.61 Uncle Giuseppe's* Crunch Fitness, Dollar Tree —
217 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 99.2 % 3,990 18.60 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta —
218 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ 1993 89,834 100.0 % 3,184 35.44 ALDI T.J.Maxx —
219 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ 1998 84,316 92.0 % 1,901 25.12 Amazon Fresh, BJ's Wholesale Club* Five Below Kohl's, Walmart
220 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1991 77,458 36.1 % 1,268 45.31 Stop & Shop* — Walgreens
221 West Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1965 42,594 95.2 % 1,213 29.93 Wild by Nature Market (King Kullen) — —
222 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ 2022 217,893 100.0 % 4,494 20.62 — Burlington Stores, Crazy Hot Deals, Dollar Tree, Floor & Décor, Phenix Salon Suites —
223 Dalewood I, II & III Shopping Center (3) Hartsdale NY New York-Newark-Jersey City, NY-NJ 2026 196,831 100.0 % 8,900 46.17 H Mart, Sprouts Farmers Market Barnes & Noble, Best Buy, Boot Barn, GEN Korean BBQ House, T.J.Maxx, Ulta —
224 Unity Plaza Hopewell Junction NY Kiryas Joel-Poughkeepsie-Newburgh, NY 2005 67,462 100.0 % 1,484 22.00 Acme (Albertsons) — —
225 Cayuga Shopping Center Ithaca NY Ithaca, NY 1969 204,405 71.1 % 1,864 12.82 ALDI Planet Fitness, Ross Dress for Less, True Value, VA Community Based Outpatient —
226 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ 1985 72,208 100.0 % 1,795 24.86 Key Food Marketplace T.J.Maxx —
227 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ 1981 17,000 100.0 % 683 40.18 Trader Joe's — —
228 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ 1972 61,904 95.6 % 1,573 26.58 KolSave Market* Dollar Tree, Planet Fitness —
229 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ 2020 36,470 100.0 % 1,554 42.61 North Shore Farms CVS —
230 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ 2007 222,775 93.5 % 3,550 17.81 Super Stop & Shop (Ahold Delhaize) Planet Fitness, Savers —
231 Wallkill Plaza Middletown NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1986 211,736 98.9 % 2,269 12.47 — Citi Trends, David's Bridal, Hobby Lobby —
232 Monroe Plaza Monroe NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1985 122,007 90.7 % 2,025 18.29 ShopRite (Wakefern) Crazy Hot Deals, U.S. Post Office —
233 Rockland Plaza (3) Nanuet NY New York-Newark-Jersey City, NY-NJ 2026 256,640 97.9 % 7,075 30.28 A Matter of Health Barnes & Noble, Burlington Stores, Decor Home Furniture, Jembro, Ross Dress for Less, Ulta —
234 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ 1971 39,743 95.0 % 1,543 40.86 — — —
235 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ 1961 129,996 89.9 % 3,430 29.35 — Dollar Tree, HomeGoods —
236 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ 2002 99,131 93.6 % 2,275 24.51 Fine Fare Boot Barn, CVS, Ross Dress for Less —
237 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ 2018 120,088 100.0 % 3,181 26.49 Costco* HomeSense, Marshalls/HomeGoods, PetSmart, Ulta —
238 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ 1975 44,131 85.0 % 1,200 31.97 — HomeGoods —
239 College Plaza Selden NY New York-Newark-Jersey City, NY-NJ 2025 188,602 98.9 % 4,509 26.44 ShopRite (Wakefern) Burlington Stores, Five Below, Wren Kitchens —
240 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 99.5 % 2,211 13.82 — Dollar Tree, Staples — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 42
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
241 Parkway Plaza Vestal NY Binghamton, NY 1995 207,123 100.0 % 2,577 12.44 — Bob's Discount Furniture, Boot Barn, Kohl's, PetSmart, Ross Dress for Less —
242 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,726 18.69 — HomeGoods, Michaels, Old Navy —
243 Town Square (2) Vestal NY Binghamton, NY 1991 290,535 96.2 % 5,210 19.00 Sam's Club*, Walmart Supercenter* AMC, Barnes & Noble, Burlington Stores, DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DSW, Shoe Carnival, T.J.Maxx, Ulta —
244 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ 1977 88,501 97.9 % 3,104 35.83 H Mart — —
245 Brunswick Town Center Brunswick OH Cleveland, OH 2004 151,048 99.2 % 2,655 18.34 Giant Eagle — The Home Depot
246 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 100.0 % 3,017 19.56 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
247 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 167,328 99.3 % 1,677 10.18 Kroger Pet Supplies Plus, Salvation Army —
248 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 8,200 100.0 % 279 34.02 Fresh Thyme Farmers Market (Meijer)* — HomeGoods, Painted Tree Marketplace, T.J.Maxx
249 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 242,735 98.4 % 5,279 22.91 — Dollar Tree, Michaels, Old Navy, PetSmart, Ross Dress For Less, T.J.Maxx, Ulta Target
250 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,443 41.06 Kroger — —
251 Crown Point Columbus OH Columbus, OH 1980 145,280 100.0 % 1,617 11.16 Kroger Dollar Tree, Planet Fitness —
252 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,720 91.8 % 1,534 13.59 Kroger — —
253 South Towne Centre Dayton OH Dayton-Kettering-Beavercreek, OH 1972 333,998 70.5 % 3,443 15.10 Health Foods Unlimited Burlington Stores, PetSmart —
254 Southland Shopping Center Middleburg Heights OH Cleveland, OH 1951 421,977 81.2 % 5,027 14.67 Giant Eagle, Marc's, BJ's Wholesale Club* Crunch Fitness, Dollar Tree, Five Below, Marshalls, OfficeMax, Petco —
255 The Shoppes at North Olmsted North Olmsted OH Cleveland, OH 2002 70,003 100.0 % 1,236 17.66 — Ollie's Bargain Outlet —
256 Surrey Square Norwood OH Cincinnati, OH-KY-IN 2010 175,140 100.0 % 2,695 29.67 Kroger Advance Auto Parts, Rainbow Shops —
257 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 298,765 88.9 % 2,121 13.55 Kroger Crunch Fitness, Dollar General, Fun City Us, Harbor Freight Tools —
258 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 98.7 % 2,985 21.53 Giant Food (Ahold Delhaize) CVS —
259 Park Hills Plaza Altoona PA Altoona, PA 1985 9,894 100.0 % 391 39.52 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
260 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 100.0 % 4,690 15.03 Giant Food (Ahold Delhaize) Citi Trends, Decor Home Furniture, Marshalls/HomeGoods, PetSmart, Powerhouse Gym, Savers, Staples —
261 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 266,953 98.4 % 3,227 12.60 — Ollie's Bargain Outlet, Planet Fitness —
262 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 97.8 % 2,922 21.47 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
263 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 92.8 % 2,145 23.48 Kimberton Whole Foods Planet Fitness —
264 Plymouth Square Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 227,216 94.6 % 5,184 24.12 Weis Markets Planet Fitness, REI, Wren Kitchens —
265 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 97.8 % 2,203 29.49 Giant Food (Ahold Delhaize) — —
266 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 82.8 % 623 16.70 Hung Vuong Food Market* Planet Fitness —
267 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 2023 311,991 100.0 % 3,891 19.60 — Barnes & Noble, Burlington Stores, Crazy Hot Deals, Dollar Tree, Gabe's, PetSmart, Sierra Trading Post, T.J.Maxx, The Home Depot —
268 Barn Plaza (3) Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2026 212,083 100.0 % 5,362 25.28 Whole Foods Market (Amazon) Barnes & Noble, Kohl's —
269 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 94.3 % 1,516 21.38 — Ross Dress for Less —
270 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 100.0 % 1,176 21.48 Weis Markets* DaVita Dialysis —
271 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 226,829 100.0 % 8,847 40.48 McCaffrey's Ulta —
272 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,195 30.04 — Target —
273 Roosevelt Mall Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 609,521 96.3 % 11,621 42.91 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 43
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
274 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 97.8 % 1,631 9.44 Redner's Warehouse Market Decor Home Furniture, Ross Dress for Less —
275 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 100.0 % 1,880 12.16 ALDI Dollar Tree, Five Below, Planet Fitness —
276 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 508 12.18 Fresh Grocer* — —
277 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 3,925 17.96 ShopRite (Wakefern) Decor Home Furniture, Famous Footwear, Harbor Freight Tools, Old Navy, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
278 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 309,908 97.5 % 3,999 13.48 Redner's Warehouse Market Dollar Tree, Gabe's, PetSmart, Pickleball Kingdom, Ross Dress for Less, Staples —
279 Wilkes-Barre Township Marketplace Wilkes-Barre Township PA Scranton--Wilkes-Barre, PA 2004 306,440 99.4 % 2,716 36.75 NetCost Market, Walmart Supercenter Chuck E. Cheese, Cracker Barrel, Pet Supplies Plus —
280 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton-Port Royal, SC 2006 166,639 99.1 % 3,155 19.11 Kroger — —
281 Milestone Plaza Greenville SC Greenville-Anderson-Greer, SC 1995 89,721 100.0 % 1,778 21.02 Lowes Foods (Alex Lee) — —
282 Circle Center (3) Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 2026 68,444 96.8 % 1,388 20.94 Publix — —
283 The Fresh Market Shoppes Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 1983 86,398 98.1 % 1,657 19.54 The Fresh Market — —
284 Island Plaza James Island SC Charleston-North Charleston, SC 1994 174,094 98.6 % 1,918 11.32 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Harbor Freight Tools —
285 Pawleys Island Plaza Pawleys Island SC Murrells Inlet, SC 2015 120,453 97.7 % 1,836 15.60 Publix Petco, T.J.Maxx, Ulta —
286 Fairview Corners I & II Simpsonville SC Greenville-Anderson-Greer, SC 2003 131,002 100.0 % 2,764 21.10 — Petco, Ross Dress for Less, T.J.Maxx Target
287 Hillcrest Market Place (3) Spartanburg SC Spartanburg, SC 2026 376,624 95.4 % 5,356 15.26 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
288 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,571 100.0 % 4,161 15.86 ALDI At Home, HomeGoods —
289 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 304,784 96.4 % 4,506 15.34 — Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Painted Tree Marketplace, Planet Fitness —
290 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,455 12.19 Sprouts Farmers Market Painted Tree Marketplace, Urban Air Adventure Park —
291 The Market at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 96.0 % 10,235 17.30 — Academy Sports + Outdoors, Best Buy, Burlington Stores, Cavender's Boot City, Citi Trends, Crazy Hot Deals, Dave & Busters, David's Bridal, Dollar Tree, DSW, Good Deal Charlie's Furniture, Michaels, Office Depot, Old Navy, Painted Tree Marketplace, PetSmart, T.J.Maxx —
292 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 92.3 % 1,582 15.01 Kroger — —
293 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,089 13.18 Kroger — Walgreens
294 Parmer Crossing Austin TX Austin-Round Rock-San Marcos, TX 1989 170,605 89.5 % 2,066 13.53 Desi Brothers Crazy Hot Deals, Dollar Tree, Harbor Freight Tools, Planet Fitness —
295 Baytown Shopping Center Baytown TX Houston-Pasadena-The Woodlands, TX 1987 95,941 97.0 % 1,705 18.32 — Goodwill, Sky Zone —
296 El Camino Bellaire TX Houston-Pasadena-The Woodlands, TX 2008 71,651 83.2 % 688 11.54 El Ahorro Supermarket Dollar Tree —
297 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.5 % 3,690 21.52 — Dollar Tree, HomeGoods, Spec's Liquors Kohl's
298 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 97.7 % 1,515 30.37 Kroger CVS —
299 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 95.3 % 1,438 17.83 — Crunch Fitness, Five Below —
300 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 97.4 % 2,619 28.19 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
301 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 100.0 % 1,410 21.28 — EōS Fitness —
302 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 96.7 % 1,167 17.50 — Wellmed Medical —
303 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 93.8 % 448 10.50 — Authentic Warehouse —
304 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 90.7 % 1,369 14.58 El Rio Grande Latin Market Family Dollar —
305 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2026 581,261 93.9 % 9,100 21.84 El Rancho (Heritage Grocers), Kroger Burlington Stores, Citi Trends, Dollar Tree, Five Below, Foot Locker, Kids Empire, LA Fitness, Ross Dress for Less, Target —
306 Parktown Deer Park TX Houston-Pasadena-The Woodlands, TX 1999 118,221 100.0 % 1,299 10.99 Food Town bealls, Walgreens —
307 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 98.1 % 2,807 16.79 Tom Thumb (Albertsons) Dollar Tree, EōS Fitness, Goody Goody Wine & Spirits —
308 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,526 100.0 % 4,698 23.78 Tom Thumb (Albertsons) DSW, Ulta — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 44
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
309 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 792,351 98.2 % 19,058 24.49 SuperTarget* Belk, Best Buy, Boot Barn, Cloudbound, DSW, Half Price Books, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, PetSmart, pOpshelf, Ross Dress for Less, Sky Zone, Staples, T.J.Maxx, Ulta —
310 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,719 19.32 Truong Nguyen Market — —
311 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 100.0 % 1,370 13.79 — Painted Tree Marketplace, Planet Fitness —
312 Bay Forest Houston TX Houston-Pasadena-The Woodlands, TX 2004 76,092 100.0 % 863 12.48 Kroger — —
313 Braes Heights Houston TX Houston-Pasadena-The Woodlands, TX 2022 92,703 99.4 % 3,154 34.22 — CVS, My Salon Suites —
314 Braesgate Houston TX Houston-Pasadena-The Woodlands, TX 1997 91,982 100.0 % 793 8.62 Food Town — —
315 Broadway Houston TX Houston-Pasadena-The Woodlands, TX 2006 74,988 100.0 % 1,050 14.55 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
316 Clear Lake Camino South Houston TX Houston-Pasadena-The Woodlands, TX 1964 106,072 77.9 % 1,244 16.31 ALDI Mr. Gatti's Pizza, Spec's Liquors —
317 Hearthstone Corners Houston TX Houston-Pasadena-The Woodlands, TX 2019 208,147 98.6 % 3,136 15.28 El Rancho (Heritage Grocers) Amped Fitness, Sky Zone, XL Parts —
318 Jester Village Houston TX Houston-Pasadena-The Woodlands, TX 2022 62,731 99.0 % 1,532 24.66 — 24 Hour Fitness —
319 Jones Plaza Houston TX Houston-Pasadena-The Woodlands, TX 2025 111,206 88.5 % 1,203 12.22 La Michoacana Supermarket Aaron's, Fitness Connection —
320 Jones Square Houston TX Houston-Pasadena-The Woodlands, TX 1999 169,786 100.0 % 2,102 12.38 — Hobby Lobby, King Dollar, Octapharma, Walgreens —
321 Maplewood Houston TX Houston-Pasadena-The Woodlands, TX 2004 99,177 85.1 % 1,087 12.88 — bealls, Kids Empire, Planet Fitness —
322 Merchants Park Houston TX Houston-Pasadena-The Woodlands, TX 2009 246,707 94.3 % 4,262 18.33 Kroger JD Sports, Marshalls, Petco, Planet Fitness, Ross Dress for Less —
323 Northshore (2) Houston TX Houston-Pasadena-The Woodlands, TX 2001 231,640 78.2 % 3,304 18.58 El Rancho (Heritage Grocers) Dollar Tree, Melrose Fashions, Nova Healthcare, Planet Fitness —
324 Northtown Plaza Houston TX Houston-Pasadena-The Woodlands, TX 1960 184,940 98.5 % 2,718 15.25 El Rancho (Heritage Grocers) Crazy Boss Big Discount Store, dd's Discounts (Ross), Dollar Tree —
325 Orange Grove Houston TX Houston-Pasadena-The Woodlands, TX 2005 184,664 99.1 % 2,455 13.99 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
326 Royal Oaks Village Houston TX Houston-Pasadena-The Woodlands, TX 2001 146,279 100.0 % 3,817 26.09 H-E-B — —
327 Tanglewilde Center Houston TX Houston-Pasadena-The Woodlands, TX 1998 82,623 85.5 % 1,192 16.87 ALDI Dollar Tree, WeGotSoccer —
328 West U Marketplace Houston TX Houston-Pasadena-The Woodlands, TX 2000 60,136 100.0 % 1,756 29.20 Whole Foods Market (Amazon) — —
329 Westheimer Commons Houston TX Houston-Pasadena-The Woodlands, TX 1984 245,714 96.5 % 2,884 12.16 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Sanitas Medical Center, Walgreens —
330 LaCenterra at Cinco Ranch Katy TX Houston-Pasadena-The Woodlands, TX 2006 409,284 95.5 % 13,021 33.68 Trader Joe's Alamo Drafthouse Cinema, Brown & Gay Engineers, Inc., Nike, Peloton Computer Enterprises, Regus —
331 Spencer Square Pasadena TX Houston-Pasadena-The Woodlands, TX 1998 181,888 95.1 % 2,121 12.26 Kroger bealls, Octapharma, Petco, Retro Fitness —
332 Pearland Plaza Pearland TX Houston-Pasadena-The Woodlands, TX 1995 156,491 98.5 % 1,623 10.53 Kroger Goodwill, Harbor Freight Tools, Walgreens —
333 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 152,500 91.7 % 3,002 22.33 Central Market (H-E-B) — —
334 Preston Park Village (3) Plano TX Dallas-Fort Worth-Arlington, TX 2026 256,407 89.3 % 7,104 31.02 — Gap Factory Store, HomeGoods, Petco, Slick City —
335 Keegan's Meadow Stafford TX Houston-Pasadena-The Woodlands, TX 1999 125,100 99.0 % 1,744 14.49 El Rancho King Dollar, Retro Fitness —
336 Lake Pointe Village Sugar Land TX Houston-Pasadena-The Woodlands, TX 2010 162,263 96.7 % 4,964 31.64 Whole Foods Market (Amazon) — —
337 Texas City Bay Texas City TX Houston-Pasadena-The Woodlands, TX 2005 224,884 94.2 % 2,579 12.36 Kroger Burlington Stores, Five Below, Harbor Freight Tools, Planet Fitness —
338 Windvale Center The Woodlands TX Houston-Pasadena-The Woodlands, TX 2002 100,688 84.7 % 1,864 21.86 — Tesla —
339 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,907 81.0 % 1,071 9.95 — Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
340 Hanover Square Mechanicsville VA Richmond, VA 1991 152,279 99.3 % 3,168 20.96 — Gold's Gym, Hobby Lobby Kohl's
341 Cave Spring Corners Roanoke VA Roanoke, VA 2005 144,942 100.0 % 1,408 16.36 Kroger Hamrick's —
342 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 100.0 % 1,608 9.67 — Dollar Tree, Kohl's, PetSmart —
343 Hilltop Plaza Virginia Beach VA Virginia Beach-Chesapeake-Norfolk, VA-NC 2010 150,014 83.7 % 3,027 24.40 Trader Joe's Five Below, PetSmart, Ulta —
344 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 93.5 % 2,088 10.00 Market 32 (Northeast Grocery) Planet Fitness, T.J.Maxx, Walmart —
345 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,392 92.4 % 3,722 18.45 Sendik's Food Market Marshalls, Sierra Trading Post, The Tile Shop — Supplemental Disclosure - Three Months Ended December 31, 2025 Page 45
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (4) Other Major Tenants (4) Major Tenants
346 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 98.6 % 1,063 10.97 Pick 'n Save (Kroger) — —
347 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 204,074 93.5 % 1,688 8.87 — Hobby Lobby, Kohl's Five Below, HomeGoods, Sierra Trading Post
348 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 100.0 % 884 11.73 — Best Buy, Sportsman's Warehouse —
TOTAL PORTFOLIO 62,684,741 95.1 % $ 1,049,958 $ 18.77
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.
(4) Major Tenants exclude tenants that have ceased to operate prior to their lease expiration date.
Supplemental Disclosure - Three Months Ended December 31, 2025 Page 46
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