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8-K

Brixmor Property Group Inc. (BRX)

8-K 2023-10-30 For: 2023-10-30
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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): October 30, 2023

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

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

450 Lexington Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

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

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

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

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

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

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

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

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

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On October 30, 2023, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the third quarter ended September 30, 2023. 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 October 30, 2023.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the third quarter ended September 30, 2023.
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: October 30, 2023 BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary LLC, its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary

Document

Exhibit 99.1

brixmor_logo.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater

Senior Vice President, Investor Relations

800.468.7526

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS THIRD QUARTER 2023 RESULTS

NEW YORK, OCTOBER 30, 2023 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and nine months ended September 30, 2023. For the three months ended September 30, 2023 and 2022, net income was $0.21 per diluted share and $0.26 per diluted share, respectively.

Key highlights for the three months ended September 30, 2023 include:

•Executed 1.7 million square feet of new and renewal leases, with rent spreads on comparable space of 22.3%, including 0.8 million square

feet of new leases, with rent spreads on comparable space of 52.7%

•Realized total leased occupancy of 93.9%, anchor leased occupancy of 95.7%, and record small shop leased occupancy of 89.8%

◦Leased to billed occupancy spread totaled 390 basis points

◦Total signed but not yet commenced lease population represented 2.8 million square feet and a record $62.1 million of annualized base rent

•Reported an increase in same property NOI of 4.8%, including a contribution from base rent of 400 basis points

•Reported Nareit FFO of $152.2 million, or $0.50 per diluted share

•Stabilized $18.5 million of reinvestment projects at an average incremental NOI yield of 8%, with the in process reinvestment pipeline totaling $490.7 million at an expected average incremental NOI yield of 9%

•Completed $17.0 million of dispositions

•Promoted Angela M. Aman to President, Chief Financial Officer and Treasurer from Executive Vice President, Chief Financial Officer and Treasurer and Brian T. Finnegan to Senior Executive Vice President and Chief Operating Officer from Executive Vice President, Chief Revenue Officer

•Appointed John Peter ("JP") Suarez, retired Executive Vice President, Regional Chief Executive Officer and Chief Administration Officer, Walmart International, to the Company’s board of directors

•Published the Company's annual Corporate Responsibility Report on July 5, 2023 (view the 2022 report at https://www.brixmor.com/corporate-responsibility)

Subsequent events:

•Increased quarterly dividend by 4.8% to $0.2725 per common share, which represents an annualized yield of approximately 5.5% as of October 27, 2023

•Updated previously provided NAREIT FFO per diluted share expectations for 2023 to $2.02 - $2.04 from $1.99 - $2.04 and same property NOI growth expectations for 2023 to 3.5% - 4.0% from 2.5% - 3.5%

“We are very pleased to report another quarter of outperformance across all fronts,” commented James Taylor, CEO. “It’s a quarter that once again demonstrates the cumulative effects and momentum of our transformative, value-added business plan, the compelling returns and growth in cash flows that our plan continues to produce, the durability of demand from vibrant retailers to be in our centers, and, most importantly, the strength of our team.”

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended September 30, 2023 and 2022, net income was $63.7 million, or $0.21 per diluted share, and $79.7 million, or $0.26 per diluted share, respectively.

•For the nine months ended September 30, 2023 and 2022, net income was $232.4 million, or $0.77 per diluted share, and $247.0 million, or $0.82 per diluted share, respectively.

Nareit FFO

•For the three months ended September 30, 2023 and 2022, Nareit FFO was $152.2 million, or $0.50 per diluted share, and $147.7 million, or $0.49 per diluted share, respectively. Results for the three months ended September 30, 2023 and 2022 include items that impact FFO comparability, including transaction expenses, net, litigation and other non-routine legal expenses, and gain (loss) on extinguishment of debt, net, of $(0.1) million, or $(0.00) per diluted share, and $(0.4) million, or $(0.00) per diluted share, respectively.

•For the nine months ended September 30, 2023 and 2022, Nareit FFO was $460.9 million, or $1.52 per diluted share, and $442.0 million, or $1.47 per diluted share, respectively. Results for the nine months ended September 30, 2023 and 2022 include items that impact FFO comparability, including transaction expenses, net, litigation and other non-routine legal expenses, and gain (loss) on extinguishment of debt, net, of $4.2 million, or $0.01 per diluted share, and $(1.8) million, or $(0.01) per diluted share, respectively.

Same Property NOI Performance

•For the three months ended September 30, 2023, the Company reported an increase in same property NOI of 4.8% versus the comparable 2022 period.

•For the nine months ended September 30, 2023, the Company reported an increase in same property NOI of 4.2% versus the comparable 2022 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.2725 per common share (equivalent to $1.09 per annum) for the fourth quarter of 2023, which represents a 4.8% increase.

•The dividend is payable on January 16, 2024 to stockholders of record on January 3, 2024, representing an ex-dividend date of January 2, 2024.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended September 30, 2023, the Company stabilized four value enhancing reinvestment projects with a total aggregate net cost of approximately $18.5 million at an average incremental NOI yield of 8% and added ten new reinvestment projects to its in process pipeline. Projects added include eight anchor space repositioning projects and two outparcel development projects, with a total aggregate net estimated cost of approximately $39.5 million at an expected average incremental NOI yield of 9%.

•At September 30, 2023, the value enhancing reinvestment in process pipeline was comprised of 55 projects with an aggregate net estimated cost of approximately $490.7 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 24 anchor space repositioning projects with an aggregate net estimated cost of approximately $109.8 million at an expected incremental NOI yield of 7% - 14%; ten outparcel development projects with an aggregate net estimated cost of approximately $21.7 million at an expected average incremental NOI yield of 10%; and 21 redevelopment projects with an aggregate net estimated cost of approximately $359.2 million at an expected average incremental NOI yield of 8%.

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

•An in-depth review of an in process redevelopment project, which highlights the Company's reinvestment capabilities, Shops at Palm Lakes (Miami-Fort Lauderdale-Pompano Beach, FL CBSA), can be found at this link: https://www.brixmor.com/blog/shops-at-palm-lakes-redev.

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

Acquisitions

•During the three months ended September 30, 2023, the Company did not complete any acquisitions.

•During the nine months ended September 30, 2023, the Company terminated a ground lease and acquired the associated land parcel at an existing center for $1.8 million.

Dispositions

•During the three months ended September 30, 2023, the Company generated approximately $17.0 million of gross proceeds on the disposition of one shopping center, as well as one partial property, comprised of 0.1 million square feet of gross leasable area.

•During the nine months ended September 30, 2023, the Company generated approximately $168.3 million of gross proceeds on the disposition of nine shopping centers, as well as eight partial properties, comprised of 1.3 million square feet of gross leasable area.

CAPITAL STRUCTURE

•At September 30, 2023, the Company had $1.3 billion in liquidity and no debt maturities until June 2024.

•The Company's net principal debt to adjusted EBITDA was 6.1x.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2023 to $2.02 - $2.04 from $1.99 - $2.04 and same property NOI growth expectations for 2023 to 3.5% - 4.0% from 2.5% - 3.5%.

•Expectations for 2023 Nareit FFO:

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

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

•The following table provides a reconciliation of the range of the Company's 2023 estimated net income to Nareit FFO:

(Unaudited, dollars in millions, except per share amounts) 2023E 2023E Per Diluted Share
Net income $294 - $300 $0.98 - $1.00
Depreciation and amortization related to real estate 357 1.18
Gain on sale of real estate assets (59) (0.20)
Impairment of real estate assets 18 0.06
Nareit FFO $610 - $616 $2.02 - $2.04

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brixmor_logo.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

CONNECT WITH BRIXMOR

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

•Follow Brixmor on:

◦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.

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, October 31, 2023 at 10:00 AM ET. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on November 14, 2023 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode:13740606) or via the web through October 31, 2024 at https://www.brixmor.com in the Investors section.

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

NON-GAAP PERFORMANCE MEASURES

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

Nareit FFO

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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

Same Property NOI

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

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 364 retail centers comprise approximately 65 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

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

SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our Form 10-K for the year ended December 31, 2022 and in this report, 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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; and (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, and taxes. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this report and in our other periodic filings. The forward-looking statements speak only as of the date of this report, 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
9/30/23 12/31/22
Assets
Real estate
$ 1,795,807 $ 1,820,358
8,455,194 8,405,969
161,549 129,310
511,881 542,714
10,924,431 10,898,351
(3,131,183) (2,996,759)
Real estate, net 7,793,248 7,901,592
Cash and cash equivalents 861 16,492
Restricted cash 17,822 4,767
Marketable securities 20,609 21,669
Receivables, net 262,774 264,146
Deferred charges and prepaid expenses, net 167,997 154,141
Real estate assets held for sale 10,013 10,439
Other assets 62,566 62,684
Total assets $ 8,335,890 $ 8,435,930
Liabilities
Debt obligations, net $ 4,919,157 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 548,353 535,419
Total liabilities 5,467,510 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,006 2,999
Additional paid-in capital 3,303,935 3,299,496
Accumulated other comprehensive income 12,192 8,851
Distributions in excess of net income (450,753) (446,336)
Total equity 2,868,380 2,865,010
Total liabilities and equity $ 8,335,890 $ 8,435,930

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 Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
Revenues
Rental income $ 307,118 $ 304,643 $ 927,440 $ 908,903
Other revenues 196 102 1,111 602
Total revenues 307,314 304,745 928,551 909,505
Operating expenses
Operating costs 35,058 33,299 106,658 102,592
Real estate taxes 42,156 44,179 130,556 128,123
Depreciation and amortization 96,254 84,773 272,807 254,132
Impairment of real estate assets — — 17,836 4,597
General and administrative 29,182 29,094 86,868 86,796
Total operating expenses 202,650 191,345 614,725 576,240
Other income (expense)
Dividends and interest 273 88 345 198
Interest expense (47,364) (48,726) (143,529) (143,934)
Gain on sale of real estate assets 6,712 15,768 59,037 60,667
Gain (loss) on extinguishment of debt, net 6 — 4,356 (221)
Other (555) (789) (1,645) (2,937)
Total other income (expense) (40,928) (33,659) (81,436) (86,227)
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Net income per common share:
Basic $ 0.21 $ 0.26 $ 0.77 $ 0.82
Diluted $ 0.21 $ 0.26 $ 0.77 $ 0.82
Weighted average shares:
Basic 301,007 300,213 300,955 299,626
Diluted 302,511 301,341 302,447 300,784
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
$ 63,736 $ 79,741 $ 232,390 $ 247,038
Depreciation and amortization related to real estate 95,160 83,712 269,714 250,991
Gain on sale of real estate assets (6,712) (15,768) (59,037) (60,667)
Impairment of real estate assets — — 17,836 4,597
$ 152,184 $ 147,685 $ 460,903 $ 441,959
$ 0.50 $ 0.49 $ 1.52 $ 1.47
302,511 301,341 302,447 300,784
Transaction expenses, net $ (103) $ (250) $ (198) $ (1,131)
Litigation and other non-routine legal expenses — (157) — (492)
Gain (loss) on extinguishment of debt, net 6 — 4,356 (221)
$ (97) $ (407) $ 4,158 $ (1,844)
$ (0.00) $ (0.00) $ 0.01 $ (0.01)
Straight-line rental income, net (1) $ 5,088 $ 6,393 $ 16,510 $ 17,883
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,178 2,517 6,414 6,721
Straight-line ground rent expense, net (2) 8 (2) 25 (167)
$ 0.260 $ 0.240 $ 0.780 $ 0.720
$ 78,155 $ 71,979 $ 234,451 $ 215,777
51.4 % 48.7 % 50.9 % 48.8 %
(1) Includes straight-line rental income reversals and re-establishments of (1.8 million) and less than 0.1 million during the three months ended September 30, 2023 and 2022, respectively. Includes straight-line rental income reversals and re-establishments of (1.0 million) and (0.1 million) during the nine months ended September 30, 2023 and 2022, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

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SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/23 9/30/22 Change 9/30/23 9/30/22 Change
Same Property NOI Analysis
Number of properties 357 357 — 347 347 —
Percent billed 90.0 % 89.7 % 0.3 % 90.1 % 89.8 % 0.3 %
Percent leased 93.9 % 93.4 % 0.5 % 93.8 % 93.5 % 0.3 %
Revenues
Base rent $ 220,803 $ 212,295 $ 636,684 $ 607,404
Expense reimbursements 68,068 66,134 197,084 185,442
Revenues deemed uncollectible (503) (682) (3,357) 6,294
Ancillary and other rental income / Other revenues 5,977 6,189 17,252 17,266
Percentage rents 1,495 1,243 7,181 7,011
295,840 285,179 3.7 % 854,844 823,417 3.8 %
Operating expenses
Operating costs (33,983) (32,287) (100,391) (95,061)
Real estate taxes (41,705) (42,885) (119,086) (118,506)
(75,688) (75,172) 0.7 % (219,477) (213,567) 2.8 %
Same property NOI $ 220,152 $ 210,007 4.8 % $ 635,367 $ 609,850 4.2 %
NOI margin 74.4 % 73.6 % 74.3 % 74.1 %
Expense recovery ratio 89.9 % 88.0 % 89.8 % 86.8 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 8,508 4.0 % $ 29,280 4.8 %
Revenues deemed uncollectible 179 0.1 % (9,651) (1.6) %
Net expense reimbursements 1,418 0.7 % 5,732 1.0 %
Ancillary and other rental income / Other revenues (212) (0.1) % (14) 0.0 %
Percentage rents 252 0.1 % 170 0.0 %
4.8 % 4.2 %
Reconciliation of Net Income to Same Property NOI
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Adjustments:
Non-same property NOI (1,740) (7,658) (29,142) (41,749)
Lease termination fees (934) (694) (3,879) (2,754)
Straight-line rental income, net (5,088) (6,393) (16,510) (17,883)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,178) (2,517) (6,414) (6,721)
Straight-line ground rent expense, net (8) 2 (25) 167
Depreciation and amortization 96,254 84,773 272,807 254,132
Impairment of real estate assets — — 17,836 4,597
General and administrative 29,182 29,094 86,868 86,796
Total other (income) expense 40,928 33,659 81,436 86,227
Same property NOI $ 220,152 $ 210,007 $ 635,367 $ 609,850
ix
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Document

Exhibit 99.2

cover3q.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended September 30, 2023
TABLE OF CONTENTS
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Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
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 21
Redevelopment Summary 22
Future Redevelopment Opportunities 24
Portfolio Summary
Portfolio Overview 27
Portfolio Composition 28
Top Forty Retailers Ranked by ABR 29
New & Renewal Lease Summary 30
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 31
Lease Expiration Schedule 32
Major CBSA Detail 33
Properties by State 36
Property List 37
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, 2022 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s other periodic filings with the SEC. The forward looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
Supplemental Disclosure - Three Months Ended September 30, 2023
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
Adjusted SOFR Secured Overnight Financing Rate, plus 0.10%.
Anchor Spaces Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR") Contractual monthly base rent as of a specified date, under leases that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included and all signed leases on space that will be vacated by existing tenants in the near term are excluded.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.<br>References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Essential Tenants Businesses deemed necessary for day-to-day living, such as grocery, pharmacy, and general merchandise (discount) businesses.
Generally Accepted Accounting Principals ("GAAP") GAAP refers to a common set of United States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date, excluding all signed leases on space that will be vacated by existing tenants in the near term.
Local Tenants Single-state operators with fewer than 20 locations.
Major Tenants Any grocer and all national / regional anchor tenants.
Nareit National Association of Real Estate Investment Trusts.
Nareit Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Before Tenant Specific Landlord Work Average ABR PSF over the lease term adjusted for tenant improvements and allowances (excluding base building costs) and third party leasing commissions. For purposes of calculating net effective rent before tenant specific landlord work, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to NOI is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the estimated incremental third party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed Billed GLA as a percentage of total GLA.
Percent Leased Leased GLA as a percentage of total GLA. Supplemental Disclosure - Three Months Ended September 30, 2023 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Term Definition
PSF Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Same Property NOI is provided on page 11.<br><br>Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months<br>Ended 9/30/23 Nine Months<br>Ended 9/30/23
Total properties in Brixmor Property Group portfolio 364 364
Acquired properties excluded from Same Property NOI — (7)
Additional exclusions (1) (7) (10)
Same Property NOI pool (2) 357 347
(1) Additional exclusions for the three months ended September 30, 2023 and 2022 include six properties that were subject to partial dispositions in 2023 and 2022 and one property that was subject to a partial acquisition in 2023. Additional exclusions for the nine months ended September 30, 2023 and 2022 include nine properties that were subject to partial dispositions in 2023 and 2022 and one property that was subject to a partial acquisition in 2023.
(2) The Same Property NOI pool includes the balance of a shopping center when an outparcel has been acquired or if a partial disposition can be disaggregated from the remaining property. Two outparcels acquired in 2022 are excluded from the Same Property NOI pool for the nine months ended September 30, 2023, and 2022.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Secured Overnight Financing Rate ("SOFR") SOFR is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the London Interbank Offered Rate ("LIBOR").
Straight-line Rent Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted<br><br>• EBITDA & Cash Adjusted EBITDA Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are useful to investors in measuring its operating performance because they exclude items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, income or expense associated with the Company's captive insurance company, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods. Supplemental Disclosure - Three Months Ended September 30, 2023 Page 2
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RESULTS OVERVIEW & GUIDANCE ↩ Table of Contents
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended Nine Months Ended
Summary Financial Results 9/30/23 9/30/22 9/30/23 9/30/22
Total revenues (page 6) 307,314 304,745 928,551 909,505
Net income (page 6) 63,736 79,741 232,390 247,038
Net income per diluted share (page 6) 0.21 0.26 0.77 0.82
NOI (page 10) 221,892 217,665 664,509 651,599
EBITDA (page 7) 207,951 213,785 650,671 647,136
EBITDAre (page 7) 201,239 198,017 609,470 591,066
Adjusted EBITDA (page 7) 201,336 198,424 605,312 592,910
Cash Adjusted EBITDA (page 7) 194,062 189,516 582,363 568,473
Nareit FFO (page 8) 152,184 147,685 460,903 441,959
Nareit FFO per diluted share (page 8) 0.50 0.49 1.52 1.47
Items that impact FFO comparability, net per share (page 8) (0.00) (0.00) 0.01 (0.01)
Dividends declared per share (page 8) 0.260 0.240 0.780 0.720
Dividend payout ratio (as % of Nareit FFO) (page 8) 51.4 48.7 50.9 48.8
Three Months Ended
Summary Operating and Financial Ratios 9/30/23 6/30/23 3/31/23 12/31/22 9/30/22
NOI margin (page 10) 74.2 73.5 73.4 73.0 73.7
Same property NOI performance (page 11) (1) 4.8 2.7 4.9 7.3 3.6
Fixed charge coverage, current quarter annualized (page 13) 4.3x 4.3x 4.2x 4.1x 4.1x
Fixed charge coverage, trailing twelve months (page 13) 4.2x 4.1x 4.1x 4.1x 4.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 13) (2) 6.1x 6.1x 6.1x 6.4x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 13) (2) 6.1x 6.1x 6.2x 6.4x 6.5x
Outstanding Classes of Stock As of 9/30/23 As of 6/30/23 As of 3/31/23 As of 12/31/22 As of 9/30/22
Common shares outstanding (page 13) 300,596 300,593 300,548 299,916 299,913
Three Months Ended
Summary Acquisitions and Dispositions 9/30/23 6/30/23 3/31/23 12/31/22 9/30/22
Aggregate purchase price of acquisitions (page 17) — 1,803 — — —
Aggregate sale price of dispositions (page 18) 16,975 26,771 124,550 112,800 29,100
NOI adjustment for acquisitions and dispositions, net (3) (141)
Summary Portfolio Statistics (4) As of 9/30/23 As of 6/30/23 As of 3/31/23 As of 12/31/22 As of 9/30/22
Number of properties (page 27) 364 365 367 373 378
Percent billed (page 27) 90.0 90.4 90.0 90.2 89.6
Percent leased (page 27) 93.9 94.1 94.0 93.8 93.3
ABR PSF (page 27) 16.77 16.60 16.46 16.19 16.02
New lease rent spread (page 30) 52.7 22.4 43.4 43.8 32.2
New & renewal lease rent spread (page 30) 22.3 15.4 19.2 18.3 14.2
Total - new, renewal & option lease rent spread (page 30) 17.5 12.9 14.9 14.8 10.9
Total - new, renewal & option GLA (page 30) 2,733,476 2,302,495 2,453,972 2,589,069 2,791,073
2023 Guidance Current Previous(at 7/31/2023) YTD
Nareit FFO per diluted share 2.02 - 2.04 1.99 - 2.04 1.52
Same property NOI performance 3.5% - 4.0% 2.5% - 3.5% 4.2%
(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 September 30, 2023 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended September 30, 2023
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
9/30/23 12/31/22
Assets
Real estate
$ 1,795,807 $ 1,820,358
8,455,194 8,405,969
161,549 129,310
511,881 542,714
10,924,431 10,898,351
(3,131,183) (2,996,759)
Real estate, net 7,793,248 7,901,592
Cash and cash equivalents 861 16,492
Restricted cash 17,822 4,767
Marketable securities 20,609 21,669
Receivables, net 262,774 264,146
Deferred charges and prepaid expenses, net 167,997 154,141
Real estate assets held for sale 10,013 10,439
Other assets 62,566 62,684
Total assets $ 8,335,890 $ 8,435,930
Liabilities
Debt obligations, net $ 4,919,157 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 548,353 535,419
Total liabilities 5,467,510 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,006 2,999
Additional paid-in capital 3,303,935 3,299,496
Accumulated other comprehensive income 12,192 8,851
Distributions in excess of net income (450,753) (446,336)
Total equity 2,868,380 2,865,010
Total liabilities and equity $ 8,335,890 $ 8,435,930

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
Revenues
Rental income $ 307,118 $ 304,643 $ 927,440 $ 908,903
Other revenues 196 102 1,111 602
Total revenues 307,314 304,745 928,551 909,505
Operating expenses
Operating costs 35,058 33,299 106,658 102,592
Real estate taxes 42,156 44,179 130,556 128,123
Depreciation and amortization 96,254 84,773 272,807 254,132
Impairment of real estate assets — — 17,836 4,597
General and administrative 29,182 29,094 86,868 86,796
Total operating expenses 202,650 191,345 614,725 576,240
Other income (expense)
Dividends and interest 273 88 345 198
Interest expense (47,364) (48,726) (143,529) (143,934)
Gain on sale of real estate assets 6,712 15,768 59,037 60,667
Gain (loss) on extinguishment of debt, net 6 — 4,356 (221)
Other (555) (789) (1,645) (2,937)
Total other income (expense) (40,928) (33,659) (81,436) (86,227)
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Net income per common share:
Basic $ 0.21 $ 0.26 $ 0.77 $ 0.82
Diluted $ 0.21 $ 0.26 $ 0.77 $ 0.82
Weighted average shares:
Basic 301,007 300,213 300,955 299,626
Diluted 302,511 301,341 302,447 300,784
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 6
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EBITDA ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Interest expense 47,364 48,726 143,529 143,934
Federal and state taxes 597 545 1,945 2,032
Depreciation and amortization 96,254 84,773 272,807 254,132
EBITDA 207,951 213,785 650,671 647,136
Gain on sale of real estate assets (6,712) (15,768) (59,037) (60,667)
Impairment of real estate assets — — 17,836 4,597
EBITDAre $ 201,239 $ 198,017 $ 609,470 $ 591,066
EBITDAre $ 201,239 $ 198,017 $ 609,470 $ 591,066
Transaction expenses, net 103 250 198 1,131
Litigation and other non-routine legal expenses — 157 — 492
(Gain) loss on extinguishment of debt, net (6) — (4,356) 221
Total adjustments 97 407 (4,158) 1,844
Adjusted EBITDA $ 201,336 $ 198,424 $ 605,312 $ 592,910
Adjusted EBITDA $ 201,336 $ 198,424 $ 605,312 $ 592,910
Straight-line rental income, net (1) (5,088) (6,393) (16,510) (17,883)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,178) (2,517) (6,414) (6,721)
Straight-line ground rent expense, net (2) (8) 2 (25) 167
Total adjustments (7,274) (8,908) (22,949) (24,437)
Cash Adjusted EBITDA $ 194,062 $ 189,516 $ 582,363 $ 568,473
(1) For more information regarding straight-line rental income reversals and re-establishments please see page 8, footnote 1.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended September 30, 2023 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 Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
$ 63,736 $ 79,741 $ 232,390 $ 247,038
Depreciation and amortization related to real estate 95,160 83,712 269,714 250,991
Gain on sale of real estate assets (6,712) (15,768) (59,037) (60,667)
Impairment of real estate assets — — 17,836 4,597
$ 152,184 $ 147,685 $ 460,903 $ 441,959
$ 0.50 $ 0.49 $ 1.52 $ 1.47
302,511 301,341 302,447 300,784
Transaction expenses, net $ (103) $ (250) $ (198) $ (1,131)
Litigation and other non-routine legal expenses — (157) — (492)
Gain (loss) on extinguishment of debt, net 6 — 4,356 (221)
$ (97) $ (407) $ 4,158 $ (1,844)
$ (0.00) $ (0.00) $ 0.01 $ (0.01)
Straight-line rental income, net (1) $ 5,088 $ 6,393 $ 16,510 $ 17,883
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,178 2,517 6,414 6,721
Straight-line ground rent expense, net (2) 8 (2) 25 (167)
$ 0.260 $ 0.240 $ 0.780 $ 0.720
$ 78,155 $ 71,979 $ 234,451 $ 215,777
51.4 % 48.7 % 50.9 % 48.8 %
(1) Includes straight-line rental income reversals and re-establishments of (1.8 million) and less than 0.1 million during the three months ended September 30, 2023 and 2022, respectively. Includes straight-line rental income reversals and re-establishments of (1.0 million) and (0.1 million) during the nine months ended September 30, 2023 and 2022, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 8
SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
9/30/23 12/31/22
Receivables, net
Straight-line rent receivable, net $ 174,120 $ 159,823
Tenant receivables, net 81,995 97,825
Other 6,659 6,498
Total receivables, net $ 262,774 $ 264,146
Deferred charges and prepaid expenses, net
Deferred charges, net $ 137,455 $ 132,283
Prepaid expenses, net 30,542 21,858
Total deferred charges and prepaid expenses, net $ 167,997 $ 154,141
Other assets
Right-of-use asset $ 32,739 $ 35,754
Furniture, fixtures and leasehold improvements, net 13,588 13,800
Interest rate swaps 12,659 9,640
Other 3,580 3,490
Total other assets $ 62,566 $ 62,684
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 293,929 $ 269,286
Below market leases, net 86,294 96,837
Dividends payable 81,559 81,633
Lease liability 36,598 39,923
Other 49,973 47,740
Total accounts payable, accrued expenses and other liabilities $ 548,353 $ 535,419
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
Net Operating Income Detail
Base rent $ 223,079 $ 220,023 $ 668,380 $ 650,896
Expense reimbursements 68,927 68,433 211,404 199,982
Revenues deemed uncollectible (544) (925) (3,591) 5,958
Ancillary and other rental income / Other revenues 6,092 6,357 18,261 18,174
Percentage rents 1,560 1,253 7,294 7,137
Operating costs (35,066) (33,297) (106,683) (102,425)
Real estate taxes (42,156) (44,179) (130,556) (128,123)
Net operating income $ 221,892 $ 217,665 $ 664,509 $ 651,599
Operating Ratios
NOI margin (NOI / revenues) 74.2 % 73.7 % 73.7 % 73.9 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 89.3 % 88.3 % 89.1 % 86.7 %
Reconciliation of Net Income to Net Operating Income
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Lease termination fees (934) (694) (3,879) (2,754)
Straight-line rental income, net (1) (5,088) (6,393) (16,510) (17,883)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,178) (2,517) (6,414) (6,721)
Straight-line ground rent expense, net (2) (8) 2 (25) 167
Depreciation and amortization 96,254 84,773 272,807 254,132
Impairment of real estate assets — — 17,836 4,597
General and administrative 29,182 29,094 86,868 86,796
Total other (income) expense 40,928 33,659 81,436 86,227
Net operating income $ 221,892 $ 217,665 $ 664,509 $ 651,599
Supplemental Statement of Operations Detail
Rental income
Base rent $ 223,079 $ 220,023 $ 668,380 $ 650,896
Expense reimbursements 68,927 68,433 211,404 199,982
Revenues deemed uncollectible (544) (925) (3,591) 5,958
Lease termination fees 934 694 3,879 2,754
Straight-line rental income, net (1) 5,088 6,393 16,510 17,883
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,178 2,517 6,414 6,721
Ancillary and other rental income 5,896 6,255 17,150 17,572
Percentage rents 1,560 1,253 7,294 7,137
Total rental income $ 307,118 $ 304,643 $ 927,440 $ 908,903
Other revenues $ 196 $ 102 $ 1,111 $ 602
Interest expense
Note interest $ 40,832 $ 42,654 $ 124,824 $ 128,215
Unsecured credit facility and term loan interest 6,673 5,814 18,727 14,820
Capitalized interest (1,089) (783) (2,987) (2,215)
Deferred financing cost amortization 1,694 1,756 5,163 5,261
Debt premium and discount accretion, net (746) (715) (2,198) (2,147)
Total interest expense $ 47,364 $ 48,726 $ 143,529 $ 143,934
Other
Federal and state taxes $ 597 $ 545 $ 1,945 $ 2,032
Other (42) 244 (300) 905
Total other $ 555 $ 789 $ 1,645 $ 2,937
Additional General and Administrative Disclosures
Capitalized construction compensation costs $ 4,733 $ 4,390 $ 13,638 $ 12,902
Capitalized leasing legal costs (3) 892 675 3,286 3,125
Capitalized leasing commission costs 1,852 2,061 5,855 5,985
Equity compensation expense, net 5,724 6,071 14,559 16,414
(1) For more information regarding straight-line rental income reversals and re-establishments please see page 8, footnote 1.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
(3) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 10
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SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/23 9/30/22 Change 9/30/23 9/30/22 Change
Same Property NOI Analysis
Number of properties 357 357 — 347 347 —
Percent billed 90.0 % 89.7 % 0.3 % 90.1 % 89.8 % 0.3 %
Percent leased 93.9 % 93.4 % 0.5 % 93.8 % 93.5 % 0.3 %
Revenues
Base rent $ 220,803 $ 212,295 $ 636,684 $ 607,404
Expense reimbursements 68,068 66,134 197,084 185,442
Revenues deemed uncollectible (503) (682) (3,357) 6,294
Ancillary and other rental income / Other revenues 5,977 6,189 17,252 17,266
Percentage rents 1,495 1,243 7,181 7,011
295,840 285,179 3.7 % 854,844 823,417 3.8 %
Operating expenses
Operating costs (33,983) (32,287) (100,391) (95,061)
Real estate taxes (41,705) (42,885) (119,086) (118,506)
(75,688) (75,172) 0.7 % (219,477) (213,567) 2.8 %
Same property NOI $ 220,152 $ 210,007 4.8 % $ 635,367 $ 609,850 4.2 %
NOI margin 74.4 % 73.6 % 74.3 % 74.1 %
Expense recovery ratio 89.9 % 88.0 % 89.8 % 86.8 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 8,508 4.0 % $ 29,353 4.8 %
Revenues deemed uncollectible 179 0.1 % (9,651) (1.6) %
Net expense reimbursements 1,418 0.7 % 5,732 1.0 %
Ancillary and other rental income / Other revenues (212) (0.1) % (14) 0.0 %
Percentage rents 252 0.1 % 170 0.0 %
4.8 % 4.2 %
Reconciliation of Net Income to Same Property NOI
Net income $ 63,736 $ 79,741 $ 232,390 $ 247,038
Adjustments:
Non-same property NOI (1,740) (7,658) (29,142) (41,749)
Lease termination fees (934) (694) (3,879) (2,754)
Straight-line rental income, net (5,088) (6,393) (16,510) (17,883)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,178) (2,517) (6,414) (6,721)
Straight-line ground rent expense, net (8) 2 (25) 167
Depreciation and amortization 96,254 84,773 272,807 254,132
Impairment of real estate assets — — 17,836 4,597
General and administrative 29,182 29,094 86,868 86,796
Total other (income) expense 40,928 33,659 81,436 86,227
Same property NOI $ 220,152 $ 210,007 $ 635,367 $ 609,850
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Nine Months Ended
9/30/23 9/30/22 9/30/23 9/30/22
Leasing related:
Tenant improvements and tenant inducements $ 24,881 $ 17,252 $ 63,279 $ 54,147
External leasing commissions 3,544 2,614 10,269 10,003
28,425 19,866 73,548 64,150
Maintenance capital expenditures 16,620 21,062 41,254 48,411
Total leasing related and maintenance capital expenditures $ 45,045 $ 40,928 $ 114,802 $ 112,561
Value-enhancing:
Anchor space repositionings $ 11,522 $ 6,227 $ 31,378 $ 25,442
Outparcel developments 2,026 3,872 5,453 7,811
Redevelopments 32,648 28,849 90,497 73,075
New development — 16 — 341
Other (1) 5,669 7,366 16,777 19,840
Total value-enhancing capital expenditures $ 51,865 $ 46,330 $ 144,105 $ 126,509
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar array installations.
Supplemental Disclosure - Three Months Ended September 30, 2023 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
9/30/23 12/31/22
Common shares outstanding 300,596 299,916
Common share price $ 20.78 $ 22.67
$ 6,246,385 $ 6,799,096
Revolving credit facility $ 5,000 $ 125,000
Term loan facility 500,000 300,000
Unsecured notes 4,418,805 4,618,453
4,923,805 5,043,453
21,721 23,787
(26,369) (31,739)
4,919,157 5,035,501
(18,683) (21,259)
$ 4,900,474 $ 5,014,242
$ 11,146,859 $ 11,813,338
Cash and cash equivalents and restricted cash $ 18,683 $ 21,259
Available under Revolving Credit Facility (1) 1,243,574 1,124,475
Available under Term Loan Facility (2) — 200,000
$ 1,262,257 $ 1,345,734
Principal debt to total market capitalization 44.2 % 42.7 %
Principal debt to total assets, before depreciation 42.9 % 44.1 %
Unencumbered assets to unsecured debt 2.3x 2.3x
Net principal debt to Adjusted EBITDA, current quarter annualized (3) 6.1x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (3) 6.1x 6.4x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.3x 4.1x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.2x 4.1x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.3x 4.1x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.2x 4.1x
As of As of
9/30/23 12/31/22
Percentage of total debt: (4)
Fixed 99.9 % 97.5 %
Variable 0.1 % 2.5 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 4.3 5.0
Variable 2.8 3.5
Total 4.3 4.9
Fitch Ratings BBB Stable
Moody's Investors Service Baa3 Stable
S&P Global Ratings BBB- Positive
(1) Funds available under the Revolving Credit Facility are reduced by five outstanding letters of credit totaling 1.4 million.
(2) Funds available under the Term Loan Facility as of December 31, 2022 represent a 200.0 million delayed draw term loan, which was drawn on April 24, 2023.
(3) Net principal debt is as of the end of each specified period.
(4) Includes the impact of the Company's interest rate swap agreements.
(5) As of October 30, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 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)
2023 $ — — %
2024 300,352 3.65 %
2025 700,000 3.85 %
2026 612,542 4.19 %
2027 900,000 4.08 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
Total Debt Obligations $ 4,923,805 3.75 %
Net unamortized premium 21,721
Deferred financing costs (26,369)
Debt Obligations, Net $ 4,919,157
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Term Loan Facility (Adjusted SOFR + 120 basis points) (2)(3) $ 500,000 4.23 % 7/26/27 10.15 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes 300,352 3.65 % 6/15/24 6.10 %
3.85% 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 14.22 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 12.19 %
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.12 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.02 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 8.12 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.05 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.11 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 7.11 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 15.23 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.07 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 16.25 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 10.15 %
Total Fixed Rate Unsecured Notes 4,418,805 3.70 % 89.75 %
Total Fixed Rate Debt $ 4,918,805 3.75 % 99.90 %
Revolving Credit Facility (Adjusted SOFR + 105 basis points) $ 5,000 6.46 % 6/30/26 0.10 %
Total Variable Rate Debt $ 5,000 6.46 % 0.10 %
Total Debt Obligations $ 4,923,805 3.75 % 100.00 %
Net unamortized premium 21,721
Deferred financing costs (26,369)
Debt Obligations, Net $ 4,919,157
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective June 1, 2022, 300.0 million of the Term Loan Facility is swapped from Adjusted SOFR to a fixed, combined rate of 2.59% (plus a spread of 120 basis points) through July 26, 2024.
(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 of 120 basis points and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 9/30/23
I. Aggregate debt test < 65% 44.0 %
Total Debt 4,919,157
Total Assets 11,171,560
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 11,171,560
III. Unencumbered asset ratio > 150% 227.1 %
Total Unencumbered Assets 11,171,560
Unsecured Debt 4,919,157
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 4.3x 4.3x
Consolidated EBITDA 802,420 806,490
Annual Debt Service Charge 187,942 187,718
(1) The Company had no secured debt as of September 30, 2023.
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, and 2.500% 2031 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on August 11, 2021 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 9/30/23
I. Leverage ratio < 60% 35.8 %
Total Outstanding Indebtedness 4,923,805
Balance Sheet Cash (1) 28,969
Total Asset Value 13,684,463
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 28,969
Total Asset Value 13,684,463
III. Unsecured leverage ratio < 60% 35.9 %
Total Unsecured Indebtedness 4,923,805
Unrestricted Cash (3) 11,147
Unencumbered Asset Value 13,684,463
IV. Fixed charge coverage ratio > 1.5x 4.7x
Total Net Operating Income 888,940
Capital Expenditure Reserve 9,719
Fixed Charges 187,921
(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 September 30, 2023.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the Unsecured Credit Facility covenant calculations and definitions of capitalized terms please refer to the Third Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 28, 2022 filed as Exhibit 10.1 to Form 10-Q, filed with the Securities and Exchange Commission on May 2, 2022.
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 15
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> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended September 30, 2023
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)
There were no acquisitions completed during the three months ended March 31, 2023.
Three Months Ended June 30, 2023
Land at Aurora Plaza (4) Denver-Aurora-Lakewood, CO 4/24/23 $ 1,803 16.1 Acres — % N/A -
$ 1,803 16.1 Acres
There were no acquisitions completed during the three months ended September 30, 2023.
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2023 $ 1,803 16.1 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) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants. Major tenants exclude non-owned major tenants.
(4) Brixmor terminated a ground lease and acquired the associated land parcel.
Supplemental Disclosure - Three Months Ended September 30, 2023 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, 2023
The Plaza at Salmon Run Watertown-Fort Drum, NY 1/12/23 $ 9,100 68,761 94.1 % $ 11.48 Hannaford Bros. (Ahold Delhaize)
Park Hills Plaza - Mattress Firm (4) Altoona, PA 1/20/23 1,800 5,897 100.0 % 22.00 -
Augusta West Plaza Augusta-Richmond County, GA-SC 2/8/23 15,000 170,681 99.2 % 8.49 At Home, Citi Trends, Dollar Tree, Octapharma
Groton Square Norwich-New London, CT 2/24/23 31,250 196,802 96.2 % 13.05 Super Stop & Shop (Ahold Delhaize), Kohl's
Kinston Pointe Kinston, NC 3/14/23 13,900 250,580 100.0 % 4.64 Walmart Supercenter, Citi Trends, Dollar Tree
Bethel Park Shopping Center Pittsburgh, PA 3/20/23 31,000 202,349 98.3 % 12.02 Giant Eagle, Pep Boys, Walmart
Marketplace Tulsa, OK 3/22/23 20,200 193,276 100.0 % 10.77 Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, JOANN, Northern Tool + Equipment, Party City, PetSmart
Briggsmore Plaza - Taco Bell (4) Modesto, CA 3/30/23 2,300 3,000 100.0 % 32.40 -
$ 124,550 1,091,346
Three Months Ended June 30, 2023
Park Hills Plaza - Panda Express (4) Altoona, PA 4/26/23 $ 1,980 2,200 100.0 % N/A -
Park Hills Plaza - Red Robin (4) Altoona, PA 5/19/23 2,000 4,402 100.0 % 29.99 -
Arbor - Broadway Faire - former United Artist Theatre (4) Fresno, CA 6/15/23 3,600 39,983 — % N/A -
The Manchester Collection - Crossroads II (4) Hartford-East Hartford-Middletown, CT 6/15/23 2,375 14,867 100.0 % 12.58 -
Spring Mall Milwaukee-Waukesha, WI 6/20/23 3,700 45,920 31.3 % 10.01 -
Tuckernuck Square - Starbucks (4) Richmond, VA 6/22/23 2,116 2,210 100.0 % 53.85 -
Elk Grove Town Center Chicago-Naperville-Elgin, IL-IN-WI 6/29/23 11,000 47,704 100.0 % 22.22 Dollar Tree
$ 26,771 157,286
Three Months Ended September 30, 2023
Tuckernuck Square Richmond, VA 7/25/23 $ 14,525 86,010 93.0 % $ 16.74 2nd & Charles, Chuck E. Cheese's
Park Hills Plaza - Denny's (4) Altoona, PA 8/17/23 2,450 5,290 100.0 % 29.30 -
$ 16,975 91,300
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2023 $ 168,296 1,339,932
(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) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants. 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 September 30, 2023 Page 18
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ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Name CBSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2023
1 Gateway Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Party City with an 11K SF Five Below and additional retailers
2 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
3 Arapahoe Crossings Denver-Aurora-Lakewood, CO Remerchandise former Stein Mart with a 17K SF Ace Hardware and additional retailers
4 Coastal Way - Coastal Landing Tampa-St. Petersburg-Clearwater, FL Demolish former Sears to accommodate construction of a 104K SF BJ's Wholesale Club
5 Speedway Super Center Indianapolis-Carmel-Anderson, IN Combine adjacent small shop spaces for an 11K SF pOpshelf
6 Bedford Grove Manchester-Nashua, NH Remerchandise former Bed Bath & Beyond with a 29K SF Planet Fitness and additional retailers
7 Bristol Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Combine several small shop spaces for a 19K SF Planet Fitness
8 Northshore Houston-The Woodlands-Sugar Land, TX Combine adjacent small shop spaces for a 12K SF specialty medical use
In Process Projects
9 Springdale Mobile, AL Remerchandise former Michaels with a 9K SF Five Below and additional retailers
10 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
11 Lompoc Center Santa Maria-Santa Barbara, CA Remerchandise former grocer with a 22K SF ALDI, an 18K SF Old Navy, and a 15K SF Boot Barn
12 Center of Bonita Springs Cape Coral-Fort Myers, FL Remerchandise former Old Time Pottery with a 42K SF Kohl's and a 29K SF Burlington Stores
13 Granada Shoppes Naples-Marco Island, FL Remerchandise former Orchard Supply Hardware with a 29K SF HomeSense and a 9K SF Five Below
14 Coastal Way - Coastal Landing Tampa-St. Petersburg-Clearwater, FL Terminate existing Bed Bath & Beyond and remerchandise with a 28K SF Sprouts Farmers Market
15 Westridge Court - Project II Chicago-Naperville-Elgin, IL-IN-WI Reconfigure and remerchandise former Savers with a 26K SF The Fresh Market
16 Arborland Center Ann Arbor, MI Remerchandise former Bed Bath & Beyond with a 22K SF Marshalls, a 20K SF HomeGoods and additional retailers
17 Hampton Village Centre Detroit-Warren-Dearborn, MI Combine several small shop spaces for a 15K SF Barnes & Noble
18 Redford Plaza Detroit-Warren-Dearborn, MI Relocate and rightsize existing Burlington Stores to 30K SF and remerchandise the vacated space with a 15K SF Aaron's and additional retailers
19 Rio Grande Plaza Ocean City, NJ Remerchandise former Peebles with a 20K SF Burlington Stores and a 10K SF Skechers
20 Parkway Plaza Binghamton, NY Remerchandise former PriceRite with a 15K SF Boot Barn a 22K SF junior anchor
21 Surrey Square Mall Cincinnati, OH-KY-IN Reconfigure and remerchandise former Marshalls with a 20K SF Advance Auto Parts and a 12K SF Rainbow Shops (expanding from existing adjacent location)
22 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise anchor space with a 44K SF Whole Foods Market and an 11K SF Barnes & Noble
23 Collegetown Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former Staples with an 11K SF Ulta and a 10K SF Five Below
24 Windvale Center Houston-The Woodlands-Sugar Land, TX Remerchandise former Randall's and adjacent spaces with a 64K SF Tesla showroom and service center
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 24 $ 109,800 $ 34,100 7% - 14% Supplemental Disclosure - Three Months Ended September 30, 2023 Page 19
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ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Name CBSA Description
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended September 30, 2023
1 Stratford Square Bridgeport-Stamford-Norwalk, CT Combine former Mattress Firm and Payless for a 10K SF Five Below
Projects Stabilized During the Six Months Ended June 30, 2023
2 Downtown Publix Port St. Lucie, FL Expansion of existing Revive Health & Wellness to 14K SF
3 Stone Mountain Festival Atlanta-Sandy Springs-Alpharetta, GA Remerchandise former Hobby Lobby with a 35K SF Conn’s Home Plus and a 17K SF Harbor Freight Tools
4 Columbus Center Columbus, IN Remerchandise former Big Lots with a 21K SF Burlington Stores and a 4K SF Bath & Body Works
5 Seacoast Shopping Center Boston-Cambridge-Newton, MA-NH Remerchandise former NH1 Motorsports with a 25K SF The Zoo Health Club and a 22K SF Tractor Supply Co.
6 Maple Village Ann Arbor, MI Remerchandise former Stein Mart with a 25K SF Burlington Stores and a 4K SF America's Best Contacts & Eyeglasses
7 Franklin Square Charlotte-Concord-Gastonia, NC-SC Relocation of existing H&R Block to accommodate the combination of several small shop spaces for a 10K SF pOpshelf
8 Brentwood Plaza Cincinnati, OH-KY-IN Combine several small shop spaces for a 15K SF Ace Hardware
Number of Projects Net Project <br>Costs (1) NOI Yield (1)
Total Stabilized 8 $ 14,100 14 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Supplemental Disclosure - Three Months Ended September 30, 2023 Page 20
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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 September 30, 2023
McMullen Creek Market Charlotte-Concord-Gastonia, NC-SC Construction of a 4K SF Aspen Dental Sep-24 $ 1,750 $ 250 10 %
Mansell Crossing Atlanta-Sandy Springs-Alpharetta, GA Construction of an 11K SF Cooper’s Hawk Winery & Restaurant Jun-25 4,700 550 10 %
In Process Projects (2)
Plaza by the Sea (3) Los Angeles-Long Beach-Anaheim, CA Construction of a 4K SF multi-tenant outparcel, including a 2K SF Handel's Homemade Ice Cream and a 2K SF Better Buzz Dec-23 2,800 2,650 8 %
Upland Town Square Riverside-San Bernardino-Ontario, CA Construction of a 1K SF Dutch Bros. Coffee Mar-24 1,050 450 4 %
Bedford Grove Manchester-Nashua, NH Construction of a 7K SF Eviva Trattoria endcap Jun-24 450 150 24 %
Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center) Jun-24 4,900 4,450 9 %
Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Construction of a 2K SF Chipotle Sep-24 1,700 150 10 %
Eastlake Plaza - Project I Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Tropical Smoothie Café Sep-24 750 100 14 %
Eastlake Plaza - Project II Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Scooter's Coffee Sep-24 100 50 47 %
Brunswick Town Center Cleveland-Elyria, OH Constuction of an 8K SF multi-tenant outparcel, including a 4K SF First Watch and a 4K SF Mission BBQ Sep-24 3,450 1,150 10 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 21,650 $ 9,950 10 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,4) NOI Yield (1,4)
Projects Stabilized During the Three Months Ended September 30, 2023
Cobblestone Village Jacksonville, FL Construction of a 4K SF Whataburger Sep-23 $ 1,750 7 %
Capitol Shopping Center Concord, NH Construction of a 6K SF 110 Grill; a multitenant building including a 2K SF Playa Bowls, a 2K SF T-Mobile, and a 2K SF Xfinity; and a 2K SF Starbucks drive-thru Sep-23 6,300 8 %
Projects Stabilized During The Six Months Ended June 30, 2023
Delhi Shopping Center Cincinnati, OH-KY-IN Construction of a 1K SF Take 5 Oil Change Jun-23 50 127 %
Texas City Bay Houston-The Woodlands-Sugar Land, TX Construction of a 1K SF Take 5 Oil Change Jun-23 50 97 %
Plaza Rio Vista Riverside-San Bernardino-Ontario, CA Construction of a 4K SF Quick Quack Car Wash Mar-23 700 17 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 8,850 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) As a result of evolving project plans, Normandy Square was removed from the Company's in process projects.
(3) Net project costs exclude 0.2 million 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, 2022.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 21
REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
IN PROCESS REDEVELOPMENTS
1 Village at Mira Mesa - Phase II (2) San Diego-Chula Vista-Carlsbad, CA Raze existing 6K SF Firestone and 16K SF of outparcel buildings to accommodate construction of three retail and restaurant outparcels totaling 24K SF, including a 5K SF Buffalo Wild Wings, a 4K SF Mo-Mo-Paradise, a 4K SF Time Warner, a 2K SF Sunmerry Bakery and additional small shop space 36 Dec-23 $ 12,550 $ 12,600 7 %
2 Gateway Plaza - Vallejo 1 Vallejo, CA Redevelopment of former Hancock Fabrics with a 13K SF PetSmart; remerchandise small shop space; and shopping center upgrades including façade renovations 53 Dec-23 6,000 5,850 9 %
3 Shops at Palm Lakes Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage, landscaping improvements, and new signage and lighting 27 Dec-23 31,150 27,600 8 %
4 Marco Town Center Naples-Marco Island, FL Remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and signage enhancements, parking reconfiguration and common area improvements including addition of outdoor dining patios and gathering areas 10 Dec-23 11,500 9,850 10 %
5 The Village at Mableton Atlanta-Sandy Springs-Alpharetta, GA Redevelopment of former Kmart with a 28K SF Burlington Stores, a 22K SF Ross Dress for Less, a 20K SF dd's Discounts, a 10K SF Five Below, and additional retailers; Construction of a 1K SF outparcel building with drive-thru; shopping center upgrades including façade renovations, landscaping, and signage enhancements 24 Dec-23 16,200 12,450 9 %
6 Laurel Square New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Pathmark to accommodate a 30K SF Livoti's Old World Market and a 29K SF Ashley Homestore; combine small shop spaces for a 10K SF Dollar Tree; upgrade and remerchandise existing outparcel building; and shopping center upgrades including façade renovations, parking enhancements, and pylon sign upgrades 31 Dec-23 14,550 11,300 9 %
7 Hillcrest Market Place Spartanburg, SC Redevelopment of former Stein Mart with a 25K SF Ross Dress for Less (relocated and rightsized within center) and an 11K SF Five Below; combine former Ross Dress for Less and Office Depot to accommodate a 55K SF Hobby Lobby and additional retail space; remerchandise existing outparcel buildings; construction of multiple outparcel buildings; and shopping center upgrades including landscaping and signage enhancements 38 Dec-23 9,700 6,700 7 %
8 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Remerchandise former Mrs. Green's Natural Market, former Pet Valu, and former Rite Aid with a 12K SF Barnes & Noble, a 10K SF Ulta, a 3K SF Paris Baguette, and additional retailers; and shopping center upgrades including façade renovations and common area enhancements 6 Mar-24 8,050 5,750 14 %
9 Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise existing small shop retail with relevant retailers including a 29K SF Sports & Social, an 11K SF Hampton Social, a 7K SF Kavas Tacos & Tequila; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas 17 Jun-24 41,250 27,800 8 %
10 College Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Bob's Stores and adjacent retail space with a 21K SF Burlington Stores; remerchandise former Blink Fitness with a 10K SF Five Below and additional retailers; and shopping center upgrades including façade and sidewalk renovations 25 Jun-24 5,150 1,500 13 %
11 Plymouth Square Shopping Center (3) Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and remerchandise of 94K SF in-line and lower-level retail space, including an 18K SF Planet Fitness, an 8K SF P.J. Whelihan's Pub + Restaurant, a 7K SF My Salon Suites, and additional retailers; and shopping center upgrades including façade and parking renovations, new landscaping and signage, and improved pedestrian and vehicular access 17 Jun-24 22,300 19,000 7 %
12 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-24 4,900 2,500 8 %
13 East Port Plaza Port St. Lucie, FL Construction of a 3K SF Starbucks outparcel; remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and parking updates, point of entry and signage improvements, and common area enhancements including improved pedestrian walkways 32 Sep-24 7,150 3,850 8 %
14 Vail Ranch Center Riverside-San Bernardino-Ontario, CA Redevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken, and additional retailers; remerchandise additional small shop space with relevant retailers including a 7K SF My Salon Suite and a 6K SF Bark Social; and shopping center upgrades including façade renovations, parking, and roof repairs 10 Dec-24 10,750 9,450 9 %
15 Roosevelt Mall Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and reconfiguration of center to accommodate addition of a 24K SF Sprouts Farmers Market and a 10K SF JD Sports; construction of several outparcels including a 3K SF Raising Cane's and a 2K SF Panda Express; and shopping center upgrades including façade and sidewalk renovations, new landscaping and signage, and common area enhancements 36 Dec-24 40,850 19,850 7 %
16 Jones Plaza Houston-The Woodlands-Sugar Land, TX Relocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Meat Market grocer; and shopping center upgrades including façade renovations 9 Dec-24 2,150 1,350 15 %
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 22
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REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Walgreens, Party Fair, and additional junior anchor space with a 14K SF Trader Joe's and additional retailers; and shopping center upgrades including façade and sidewalk renovations, and new landscaping and signage 21 Mar-25 8,900 1,100 9 %
WaterTower Plaza Worcester, MA-CT Redevelopment of former Shaw's with a 46K SF grocer; reconfigure and remerchandise adjacent small shop space including an 11K SF Five Below and a 9K SF Ulta; and shopping center upgrades including the addition of patio areas, façade renovations, and parking enhancements 27 Jun-25 11,200 9,350 10 %
Westminster City Center Denver-Aurora-Lakewood, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies "R" Us location; backfill of former Golf Galaxy with a 16K SF Petco; redevelopment of former Gordmans with a 27K SF Sierra Trading Post and an additional retailer; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel 27 Dec-25 15,500 9,900 9 %
Preston Park Village Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a multi-tenant outparcel building; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Mar-26 34,600 16,200 7 %
Wynnewood Village - Phase IV (4) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; construction of two multi-tenant outparcel buildings; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Mar-26 44,800 5,600 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 359,200 $ 219,550 8 %
Property Stabilization Net Project NOI
Property Name CBSA Project Description Acreage Quarter Costs (1,5) Yield (1,5)
Projects Stabilized During The Three Months Ended September 30, 2023
Dickson City Crossings Scranton--Wilkes-Barre, PA Remerchandise former Dick's Sporting Goods and AC Moore with a 41K SF Burlington Stores, a 19K SF Sierra Trading Post, a 20K SF JOANN, and additional junior anchors; redevelopment of former Pier 1 outparcel into a multi-tenant building; and shopping center upgrades including partial façade renovations and addition of outdoor seating 29 Sep-23 $ 9,000 10 %
Projects Stabilized During The Six Months Ended June 30, 2023
Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Demolish 26K SF of underutilized retail space to accommodate construction of a 19K SF Crunch Fitness and additional retail space; and shopping center upgrades including façade renovations and sidewalk and landscaping improvements 16 Mar-23 6,300 9 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 15,300 10 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 1.5M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude 0.3M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude 0.5M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 23
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 The Davis Collection Sacramento-Roseville-Folsom, CA Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
2 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
3 Mall at 163rd Street Miami-Fort Lauderdale-Pompano Beach, FL Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
4 Pointe Orlando Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
5 Northeast Plaza Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
6 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space to create potential entertainment / restaurant destination
7 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
8 Kings Park Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
9 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
10 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
11 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
12 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
13 Kessler Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center with multiple retailers, restaurants, and potential multi-family component
14 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential multi family and/or medical office component
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 Sunrise Town Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment and repositioning of shopping center with new anchor prototype
3 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
4 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
5 Kings Market Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
6 Mableton Walk Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and reposition of existing center with new anchor prototype
7 Mansell Crossing Atlanta-Sandy Springs-Alpharetta, GA Densification of site, including multi-tenant outparcel development
8 London Marketplace London, KY Redevelopment and expansion of existing anchor space
9 High Point Centre Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and repositioning of shopping center
10 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and reposition of rear portion of shopping center
11 Tinley Park Plaza - Phase II Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing anchor space for multiple retailers
12 Burlington Square I, II & III Boston-Cambridge-Newton, MA-NH Redevelopment of existing anchor space, inline shop space and façade renovation
13 Sun Ray Shopping Center (1) Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center
14 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
15 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
16 Harpers Station (1) Cincinnati, OH-KY-IN Redevelopment of existing anchor space for multiple retailers
17 South Towne Centre (1) Dayton-Kettering, OH Redevelopment of existing anchor space for multiple retailers
18 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
19 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
20 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
21 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
22 Festival Centre Charleston-North Charleston, SC Redevelopment of shopping center, potential mixed-use component
23 Circle Center Hilton Head Island-Bluffton, SC Redevelopment and repositioning of shopping center Supplemental Disclosure - Three Months Ended September 30, 2023 Page 24
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FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
24 Baytown Shopping Center Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
25 Braesgate (1) Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers
26 Clear Lake Camino South Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
27 Lake Pointe Village Houston-The Woodlands-Sugar Land, TX Reposition of existing vacant space and site densification
28 Maplewood Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
29 Arboretum Village (1) Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
30 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
31 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
32 Hanover Square Richmond, VA Densification of site, including multi-tenant outparcel development
(1) Indicates project added to the pipeline during the three months ended September 30, 2023.
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, 2022.
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 25
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> PORTFOLIO SUMMARY
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Supplemental Disclosure
Three Months Ended September 30, 2023
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
9/30/23 6/30/23 3/31/23 12/31/22 9/30/22
Number of properties 364 365 367 373 378
GLA 64,827,439 64,897,615 65,004,693 65,990,997 66,851,369
Percent billed 90.0% 90.4% 90.0% 90.2% 89.6%
Percent leased 93.9% 94.1% 94.0% 93.8% 93.3%
TOTAL ≥ 10,000 SF 95.7% 96.2% 96.1% 95.9% 95.4%
TOTAL < 10,000 SF 89.8% 89.4% 89.3% 89.2% 88.8%
ABR $ 958,128 $ 952,560 $ 944,756 $ 944,490 $ 940,869
ABR PSF $ 16.77 $ 16.60 $ 16.46 $ 16.19 $ 16.02
PORTFOLIO BY UNIT SIZE AS OF 9/30/23
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 407 23,021,326 35.5% 93.8% 96.2% $ 217,968 22.7% $ 11.23
20,000 - 34,999 SF 492 12,838,195 19.8% 90.6% 94.6% 146,015 15.2% 12.13
10,000 - 19,999 SF 612 8,354,872 12.9% 91.3% 96.2% 123,007 12.8% 15.74
5,000 - 9,999 SF 1,102 7,605,906 11.7% 86.4% 91.7% 139,938 14.6% 20.85
< 5,000 SF 6,080 13,007,140 20.1% 84.0% 88.7% 331,200 34.7% 29.70
TOTAL 8,693 64,827,439 100.0% 90.0% 93.9% $ 958,128 100.0% $ 16.77
TOTAL ≥ 10,000 SF 1,511 44,214,393 68.2% 92.4% 95.7% $ 486,990 50.7% $ 12.40
TOTAL < 10,000 SF 7,182 20,613,046 31.8% 84.9% 89.8% 471,138 49.3% 26.37
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 27
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PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-72a1f0698d724bb1ba1.jpg](chart-72a1f0698d724bb1ba1.jpg)     ![chart-3c7bd295445a4a9da3d.jpg](chart-3c7bd295445a4a9da3d.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-341870aac27f4a82bde.jpg chart-f7605d7b556a43c8a99.jpg

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

chart-358569353b18422f9d3.jpg chart-a544df2b29af4023b57.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
ESSENTIAL $ 306,073 33 %
Grocery / Pharmacy 143,620 15 %
General Merchandise (Discount / Dollar) 31,046 3 %
Pet 27,133 3 %
Medical (Essential) 26,945 3 %
Financial services 25,503 3 %
Home improvement 15,498 2 %
Mail / Shipping and Other services 15,264 2 %
Other Essential 10,650 1 %
Auto 10,414 1 %
OTHER $ 652,055 67 %
Restaurants 156,006 16 %
Other Personal Services 73,209 8 %
Off-Price Apparel 64,503 6 %
Fitness / Sports 57,827 6 %
Value Apparel, Shoes, Accessories 47,665 5 %
General Merchandise (Department, Gift, etc.) 41,377 4 %
Home Décor 40,298 4 %
Other Retail 38,130 4 %
Other Medical 29,589 3 %
Electronics & Appliance 25,669 3 %
Entertainment 20,694 2 %
Health & Beauty 19,346 2 %
Hobby & Crafts 16,940 2 %
Other Professional Services 11,778 1 %
Liquor 9,024 1 %
TOTAL $ 958,128 100 %
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 28
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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) 88 2,581,568 4.0 % $ 32,656 3.4 % $ 12.65
2 The Kroger Co. (3) 44 2,994,662 4.6 % 22,650 2.4 % 7.56
3 Burlington Stores, Inc. 40 1,662,243 2.6 % 19,572 2.0 % 11.77
4 Dollar Tree Stores, Inc. (4) 119 1,359,453 2.1 % 16,083 1.7 % 11.83
5 Publix Super Markets, Inc. 31 1,431,891 2.2 % 14,557 1.5 % 10.17
6 Ross Stores, Inc (5) 40 1,042,193 1.6 % 13,138 1.4 % 12.61
7 L.A Fitness International, LLC (6) 14 566,362 0.9 % 10,994 1.1 % 19.41
8 Amazon.com, Inc. / Whole Foods Market Services, Inc. 15 595,292 0.9 % 10,626 1.1 % 17.85
9 Five Below, Inc. 55 509,376 0.8 % 10,219 1.1 % 20.06
10 PetSmart, Inc. 27 587,068 0.9 % 9,870 1.0 % 16.81
473 13,330,108 20.6 % 160,365 16.7 % 12.03
11 Albertson's Companies, Inc (7) 14 750,202 1.2 % 9,646 1.0 % 12.86
12 Ahold Delhaize (8) 16 864,919 1.3 % 9,353 1.0 % 10.81
13 Ulta Beauty, Inc. 34 378,888 0.6 % 9,136 1.0 % 24.11
14 Kohl's Corporation 14 1,051,137 1.6 % 8,772 0.9 % 8.35
15 PETCO Animal Supplies, Inc. 35 480,017 0.7 % 8,521 0.9 % 17.75
16 Big Lots, Inc. 30 1,009,969 1.6 % 7,377 0.8 % 7.30
17 The Michaels Companies, Inc. 21 472,884 0.7 % 6,190 0.6 % 13.09
18 Staples, Inc. 21 442,469 0.7 % 5,410 0.6 % 12.23
19 Best Buy Co., Inc. (9) 11 413,875 0.6 % 5,261 0.5 % 12.71
20 CVS Health 15 222,799 0.3 % 5,055 0.5 % 22.69
684 19,417,267 29.9 % 235,086 24.5 % 12.11
21 Party City Holdco Inc. 24 359,683 0.6 % 4,919 0.5 % 13.68
22 JOANN Stores, Inc. 19 398,614 0.6 % 4,809 0.5 % 12.06
23 JP Morgan Chase & Co. 24 91,983 0.1 % 4,677 0.5 % 50.85
24 Sprouts Farmers Market, Inc. 7 200,417 0.3 % 4,568 0.5 % 22.79
25 Gap, Inc. (10) 14 233,319 0.4 % 4,525 0.5 % 19.39
26 DICK's Sporting Goods, Inc. (11) 11 366,991 0.6 % 4,338 0.5 % 11.82
27 Hobby Lobby Stores, Inc. 11 604,732 0.9 % 4,318 0.5 % 7.14
28 Office Depot, Inc. (12) 17 360,564 0.6 % 4,303 0.4 % 11.93
29 The Home Depot, Inc. 5 428,868 0.7 % 4,196 0.4 % 9.78
30 Barnes & Noble, Inc. 12 239,461 0.4 % 4,104 0.4 % 17.14
31 At Home Stores LLC 6 544,922 0.8 % 3,996 0.4 % 7.33
32 National Vision, Inc. (13) 35 127,111 0.2 % 3,709 0.4 % 29.18
33 AMC Entertainment 4 200,955 0.3 % 3,704 0.4 % 18.43
34 Bank of America, NA 25 87,063 0.1 % 3,693 0.4 % 42.42
35 Designer Brands Inc. (DSW) 12 232,077 0.4 % 3,685 0.4 % 15.88
36 Starbucks Corporation 36 67,538 0.1 % 3,639 0.4 % 53.88
37 Harbor Freight Tools 19 325,381 0.5 % 3,594 0.4 % 11.05
38 Chipotle Mexican Grill, Inc. 30 73,892 0.1 % 3,579 0.4 % 48.44
39 Bath & Body Works, Inc. 35 141,423 0.2 % 3,551 0.4 % 25.11
40 Trader Joe's Company, Inc. 10 129,700 0.2 % 3,495 0.4 % 26.95
TOTAL TOP 40 RETAILERS 1,040 24,631,961 38.0 % $ 316,488 33.2 % $ 12.85
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (6) Includes LA Fitness-7, Esporta Fitness-6, and City Sports Club-1. (10) Includes Old Navy-12 and Gap Factory-2.
all franchise locations. (7) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, (11) Includes DICK'S Sporting Goods Warehouse Sale-4, Golf Galaxy-4 and
(2) Includes T.J. Maxx-32, Marshalls-31, HomeGoods-19, Sierra Trading Post-4 and HomeSense-2. El Rancho (sublease)-1, Shop & Save Market-1 and Star Market-1. DICK'S Sporting Goods-3.
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Harris Teeter-1, Food 4 Less-1, (8) Includes Giant Food-6, Super Stop & Shop-5, Food Lion-2, Bottom Dollar Food-1, (12) Includes Office Depot-10 and OfficeMax-7.
Pay Less-1 and Pick 'N Save-1. ShopRite (sublease)-1, and non-grocer (sublease)-1. (13) Includes America's Best Contacts & Eyeglasses-33 and Eyeglass World-2.
(4) Includes Dollar Tree-106 and Family Dollar-13. (9) Best Buy-10 and Yardbird-1.
(5) Includes Ross Dress for Less-35 and dd's Discounts-5. Supplemental Disclosure - Three Months Ended September 30, 2023 Page 29
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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 9/30/23 427 2,733,476 $ 50,591 $ 18.51 $ 4.29 $ 2.14 6.7 354 2,294,170 $ 18.09 $ 15.39 17.5 %
Three months ended 6/30/23 432 2,302,495 44,163 19.18 4.88 2.46 6.5 345 1,868,730 17.91 15.87 12.9 %
Three months ended 3/31/23 392 2,453,972 45,360 18.48 5.28 2.32 6.4 294 1,858,424 18.44 16.05 14.9 %
Three months ended 12/31/22 380 2,589,069 41,283 15.95 4.66 2.46 7.1 270 1,918,639 15.30 13.33 14.8 %
TOTAL - TWELVE MONTHS ENDED 9/30/23 1,631 10,079,012 $ 181,397 $ 18.00 $ 4.76 $ 2.34 6.7 1,263 7,939,963 $ 17.46 $ 15.16 15.2 %
NEW & RENEWAL LEASES ONLY
Three months ended 9/30/23 368 1,748,987 $ 37,730 $ 21.57 $ 6.71 $ 3.34 7.7 295 1,309,681 $ 21.87 $ 17.88 22.3 %
Three months ended 6/30/23 375 1,400,822 32,873 23.47 8.01 4.04 7.4 288 967,057 22.93 19.87 15.4 %
Three months ended 3/31/23 331 1,438,406 31,986 22.24 9.01 3.95 7.4 233 842,858 24.79 20.79 19.2 %
Three months ended 12/31/22 335 1,994,542 33,341 16.72 6.05 3.19 7.8 225 1,324,112 16.18 13.68 18.3 %
TOTAL - TWELVE MONTHS ENDED 9/30/23 1,409 6,582,757 $ 135,930 $ 20.65 $ 7.29 $ 3.58 7.6 1,041 4,443,708 $ 20.96 $ 17.61 19.0 %
NEW LEASES
Three months ended 9/30/23 151 789,336 $ 17,949 $ 22.74 $ 14.24 $ 7.38 10.6 78 350,030 $ 25.32 $ 16.58 52.7 %
Three months ended 6/30/23 136 624,684 15,180 24.30 15.29 9.03 9.9 52 205,869 23.15 18.91 22.4 %
Three months ended 3/31/23 140 768,410 15,463 20.12 13.22 7.27 9.5 44 201,562 23.33 16.27 43.4 %
Three months ended 12/31/22 152 944,792 17,203 18.21 10.55 6.69 9.6 47 306,747 18.90 13.14 43.8 %
TOTAL - TWELVE MONTHS ENDED 9/30/23 579 3,127,222 $ 65,795 $ 21.04 $ 13.08 $ 7.48 9.9 221 1,064,208 $ 22.67 $ 15.98 41.9 %
RENEWAL LEASES
Three months ended 9/30/23 217 959,651 $ 19,781 $ 20.61 $ 0.52 $ 0.02 5.4 217 959,651 $ 20.61 $ 18.36 12.3 %
Three months ended 6/30/23 239 776,138 17,693 22.80 2.16 0.02 5.4 236 761,188 22.87 20.13 13.6 %
Three months ended 3/31/23 191 669,996 16,523 24.66 4.18 0.14 5.0 189 641,296 25.25 22.21 13.7 %
Three months ended 12/31/22 183 1,049,750 16,138 15.37 2.01 0.04 6.2 178 1,017,365 15.35 13.84 10.9 %
TOTAL - TWELVE MONTHS ENDED 9/30/23 830 3,455,535 $ 70,135 $ 20.30 $ 2.05 $ 0.05 5.6 820 3,379,500 $ 20.42 $ 18.13 12.6 %
OPTION LEASES
Three months ended 9/30/23 59 984,489 $ 12,861 $ 13.06 $ — $ — 4.9 59 984,489 $ 13.06 $ 12.07 8.2 %
Three months ended 6/30/23 57 901,673 11,290 12.52 — — 5.0 57 901,673 12.52 11.59 8.0 %
Three months ended 3/31/23 61 1,015,566 13,374 13.17 — — 5.0 61 1,015,566 13.17 12.11 8.8 %
Three months ended 12/31/22 45 594,527 7,942 13.36 — — 4.8 45 594,527 13.36 12.54 6.5 %
TOTAL - TWELVE MONTHS ENDED 9/30/23 222 3,496,255 $ 45,467 $ 13.00 $ — $ — 5.0 222 3,496,255 $ 13.00 $ 12.04 8.0 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 9/30/23 Twelve Months Ended 9/30/23
% 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 16 % 1,829,366 67 % 50 % $ 13.72 18.8 % 14 % 6,317,561 63 % 43 % $ 12.21 15.5 %
New & Renewal Leases Only 11 % 970,116 55 % 40 % 15.51 30.5 % 10 % 3,295,464 50 % 32 % 13.33 25.9 %
New Leases 13 % 423,994 54 % 41 % 17.47 95.1 % 12 % 1,675,179 54 % 38 % 14.97 69.0 %
Renewal Leases 10 % 546,122 57 % 39 % 13.99 13.0 % 8 % 1,620,285 47 % 27 % 11.64 11.2 %
Option Leases 47 % 859,250 87 % 78 % 11.69 8.1 % 41 % 3,022,097 86 % 73 % 10.98 8.0 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 84 % 904,110 33 % 50 % $ 28.20 16.2 % 86 % 3,761,451 37 % 57 % $ 27.73 14.8 %
New & Renewal Leases Only 89 % 778,871 45 % 60 % 29.12 17.6 % 90 % 3,287,293 50 % 68 % 27.98 16.2 %
New Leases 87 % 365,342 46 % 59 % 28.85 33.3 % 88 % 1,452,043 46 % 62 % 28.04 28.3 %
Renewal Leases 90 % 413,529 43 % 61 % 29.36 11.8 % 92 % 1,835,250 53 % 73 % 27.94 13.2 %
Option Leases 53 % 125,239 13 % 22 % 22.49 8.4 % 59 % 474,158 14 % 27 % 25.94 8.4 %
(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 September 30, 2023 Page 30
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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
9/30/23 9/30/23 6/30/23 3/31/23 12/31/22 9/30/22
NEW LEASES
Weighted average over lease term:
Base rent $ 22.47 $ 25.00 $ 25.01 $ 21.47 $ 19.48 $ 22.77
Tenant improvements and allowances (1.49) (1.61) (1.70) (1.59) (1.16) (2.15)
Third party leasing commissions (0.76) (0.75) (0.90) (0.74) (0.69) (0.71)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 20.22 22.64 22.41 19.14 17.63 19.91
Tenant specific landlord work (1) (2.26) (2.38) (2.60) (2.07) (2.10) (1.93)
NET EFFECTIVE RENT $ 17.96 $ 20.26 $ 19.81 $ 17.07 $ 15.53 $ 17.98
Net effective rent before tenant specific landlord work /
base rent 90% 91% 90% 89% 91% 87%
Net effective rent / base rent 80% 81% 79% 80% 80% 79%
Weighted average term (years) 9.9 10.6 9.9 9.5 9.6 9.3
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 35% 39% 23% 39% 38% 27%
< 10,000 SF 65% 61% 77% 61% 62% 73%
As of 9/30/23: Leases GLA ABR ABR PSF
≥ 10,000 SF 71 1,765,380 $ 28,232 $ 15.99
< 10,000 SF 344 1,083,034 33,855 31.26
TOTAL 415 2,848,414 $ 62,087 $ 21.80
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2023 (remaining) 2024 2025+ Total
Projected Lease Commencements $ 13,082 $ 35,766 $ 13,239 $ 62,087
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 440 basis points of total portfolio GLA (62.1M in ABR), 50 basis points (7.5M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended September 30, 2023 Page 31
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 233 696,561 1.1 % 1.1 % $ 15.08 $ 15.08 12 206,893 0.5 % 0.3 % $ 8.13 $ 8.13 221 489,668 2.6 % 1.9 % $ 18.01 $ 18.01
2023 135 615,354 1.0 % 0.9 % 14.68 14.68 13 308,521 0.7 % 0.4 % 6.95 6.95 122 306,833 1.7 % 1.5 % 22.45 22.45
2024 1,088 6,827,788 11.2 % 9.6 % 13.43 13.45 151 4,366,896 10.3 % 8.2 % 9.13 9.13 937 2,460,892 13.3 % 11.0 % 21.06 21.11
2025 1,071 7,660,494 12.6 % 11.9 % 14.88 14.98 180 5,238,548 12.4 % 11.8 % 10.94 10.96 891 2,421,946 13.1 % 12.0 % 23.40 23.67
2026 1,012 6,986,737 11.5 % 11.7 % 16.09 16.38 160 4,708,873 11.1 % 11.0 % 11.41 11.47 852 2,277,864 12.3 % 12.5 % 25.78 26.52
2027 997 8,188,962 13.5 % 13.1 % 15.32 15.71 186 5,809,665 13.7 % 13.4 % 11.22 11.34 811 2,379,297 12.9 % 12.8 % 25.32 26.37
2028 938 6,840,300 11.2 % 11.8 % 16.51 17.12 169 4,734,080 11.2 % 11.6 % 11.95 12.04 769 2,106,220 11.4 % 12.0 % 26.74 28.52
2029 544 5,839,108 9.6 % 8.9 % 14.65 15.74 143 4,555,791 10.8 % 10.7 % 11.44 12.08 401 1,283,317 6.9 % 7.1 % 26.04 28.71
2030 334 3,076,084 5.1 % 5.1 % 15.77 17.02 73 2,193,259 5.2 % 4.9 % 10.97 11.56 261 882,825 4.7 % 5.2 % 27.69 30.60
2031 293 2,681,598 4.4 % 4.6 % 16.32 18.00 68 1,908,722 4.5 % 5.0 % 12.68 13.64 225 772,876 4.2 % 4.2 % 25.32 28.78
2032 347 2,737,365 4.5 % 5.1 % 17.79 19.46 62 1,819,733 4.3 % 4.6 % 11.97 12.62 285 917,632 5.0 % 5.6 % 29.35 33.04
2033+ 850 8,697,693 14.3 % 16.2 % 17.90 20.00 225 6,483,816 15.3 % 18.1 % 13.63 14.70 625 2,213,877 11.9 % 14.2 % 30.40 35.53
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 233 696,561 1.1 % 1.1 % $ 15.08 $ 15.08 12 206,893 0.5 % 0.3 % $ 8.13 $ 8.13 221 489,668 2.6 % 1.9 % $ 18.01 $ 18.01
2023 123 477,946 0.8 % 0.8 % 16.21 16.21 10 202,899 0.5 % 0.3 % 7.66 7.66 113 275,047 1.5 % 1.3 % 22.52 22.52
2024 857 3,737,809 6.1 % 5.6 % 14.32 14.34 75 1,818,117 4.3 % 3.1 % 8.20 8.20 782 1,919,692 10.4 % 8.2 % 20.11 20.16
2025 722 2,587,804 4.3 % 5.1 % 18.77 19.00 45 954,173 2.3 % 2.1 % 10.69 10.74 677 1,633,631 8.8 % 8.1 % 23.50 23.83
2026 669 2,564,181 4.2 % 5.1 % 19.04 19.62 43 1,071,186 2.5 % 2.4 % 10.90 11.09 626 1,492,995 8.1 % 7.9 % 24.89 25.74
2027 627 2,520,612 4.1 % 5.4 % 20.37 21.32 49 1,058,268 2.5 % 2.6 % 12.14 12.56 578 1,462,344 7.9 % 8.2 % 26.33 27.65
2028 615 2,238,637 3.7 % 5.0 % 21.53 22.94 40 826,000 2.0 % 2.2 % 13.26 13.51 575 1,412,637 7.6 % 7.9 % 26.37 28.45
2029 348 1,499,853 2.5 % 3.1 % 19.68 21.76 29 581,977 1.4 % 1.4 % 11.63 12.93 319 917,876 5.0 % 4.8 % 24.79 27.35
2030 292 1,777,357 2.9 % 3.1 % 16.90 18.50 39 1,016,599 2.4 % 2.3 % 11.14 11.94 253 760,758 4.1 % 4.0 % 24.61 27.27
2031 277 1,691,807 2.8 % 3.1 % 17.30 19.42 34 984,259 2.3 % 2.3 % 11.37 12.44 243 707,548 3.8 % 3.8 % 25.55 29.12
2032 304 2,079,266 3.4 % 3.9 % 17.93 19.74 55 1,291,657 3.0 % 3.3 % 12.55 13.55 249 787,609 4.3 % 4.5 % 26.75 29.90
2033+ 2,775 38,976,211 64.1 % 58.7 % 14.45 18.56 1,011 32,322,769 76.3 % 77.7 % 11.68 14.88 1,764 6,653,442 35.9 % 39.4 % 27.90 36.43
(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 9/30/23 79.4% 86.0%
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 32
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
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 2022 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 253 44,591,479 89.7 % 93.7 % $ 685,492 $ 17.43 69.5 % 68.8 % 71.5 %
CBSAs Ranked 51 - 100 by Population 42 7,673,984 88.7 % 92.2 % 96,648 14.51 11.5 % 11.8 % 10.1 %
Other CBSAs 69 12,561,976 91.8 % 95.5 % 175,988 15.79 19.0 % 19.4 % 18.4 %
TOTAL 364 64,827,439 90.0 % 93.9 % $ 958,128 $ 16.77 100.0 % 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 7 22 4,000,756 89.9 % 95.1 % $ 71,402 $ 21.65 5.9 % 6.2 % 7.6 %
2 New York-Newark-Jersey City, NY-NJ-PA 1 26 3,208,521 89.1 % 93.9 % 67,948 22.92 7.0 % 4.9 % 7.2 %
3 Houston-The Woodlands-Sugar Land, TX 5 30 4,004,192 90.4 % 95.0 % 55,269 14.96 8.1 % 6.2 % 5.9 %
4 Chicago-Naperville-Elgin, IL-IN-WI 3 16 4,291,493 82.2 % 84.5 % 52,942 15.24 4.3 % 6.6 % 5.5 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,710,937 84.4 % 92.4 % 47,690 20.11 3.6 % 4.2 % 5.0 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,890,596 93.1 % 99.2 % 43,237 25.28 3.0 % 2.9 % 4.5 %
7 Atlanta-Sandy Springs-Alpharetta, GA 8 23 3,326,958 90.1 % 94.5 % 42,729 14.10 6.2 % 5.1 % 4.5 %
8 Tampa-St. Petersburg-Clearwater, FL 18 11 1,796,844 92.8 % 96.7 % 28,304 16.90 3.0 % 2.8 % 3.0 %
9 Cincinnati, OH-KY-IN 30 7 1,857,229 96.5 % 98.4 % 25,867 17.98 1.9 % 2.9 % 2.7 %
10 Miami-Fort Lauderdale-Pompano Beach, FL 9 9 1,487,515 87.4 % 89.9 % 22,001 16.82 2.5 % 2.3 % 2.3 %
10 Largest CBSAs by ABR — 168 28,575,041 88.9 % 93.3 % 457,389 18.32 45.5 % 44.1 % 48.2 %
11 Naples-Marco Island, FL 142 5 1,068,109 93.1 % 99.1 % 20,799 19.98 1.4 % 1.6 % 2.2 %
12 Orlando-Kissimmee-Sanford, FL 23 5 803,287 91.5 % 97.7 % 18,414 23.71 1.4 % 1.2 % 1.9 %
13 Denver-Aurora-Lakewood, CO 19 6 1,314,146 91.8 % 95.4 % 18,234 15.63 1.6 % 2.0 % 1.9 %
14 San Diego-Chula Vista-Carlsbad, CA 17 3 655,343 97.3 % 99.4 % 16,538 25.91 0.8 % 1.0 % 1.7 %
15 Detroit-Warren-Dearborn, MI 14 8 1,451,270 86.0 % 89.7 % 16,526 13.83 2.2 % 2.2 % 1.7 %
16 Charlotte-Concord-Gastonia, NC-SC 22 5 1,312,391 96.0 % 97.4 % 15,264 13.50 1.4 % 2.0 % 1.6 %
17 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,726 84.7 % 85.0 % 13,661 16.47 2.2 % 1.7 % 1.4 %
18 Ann Arbor, MI 150 3 814,826 91.8 % 97.3 % 13,196 16.76 0.8 % 1.3 % 1.4 %
19 San Francisco-Oakland-Berkeley, CA 13 2 506,520 94.4 % 96.9 % 11,969 29.91 0.5 % 0.8 % 1.2 %
20 North Port-Sarasota-Bradenton, FL 69 5 734,750 95.7 % 99.0 % 10,897 15.13 1.4 % 1.1 % 1.1 %
20 Largest CBSAs by ABR — 218 38,322,409 89.6 % 93.8 % 612,887 18.21 59.2 % 59.0 % 64.3 %
21 Vallejo, CA 123 1 519,266 89.4 % 91.2 % 10,688 23.51 0.3 % 0.8 % 1.1 %
22 Nashville-Davidson--Murfreesboro--Franklin, TN 36 4 798,262 93.8 % 98.7 % 10,565 13.46 1.1 % 1.2 % 1.1 %
23 Binghamton, NY 197 4 751,572 89.8 % 91.8 % 10,500 15.21 1.1 % 1.2 % 1.1 %
24 Port St. Lucie, FL 113 5 692,612 90.3 % 92.8 % 10,443 16.35 1.4 % 1.1 % 1.1 %
25 Allentown-Bethlehem-Easton, PA-NJ 71 3 829,432 94.6 % 95.7 % 10,115 14.06 0.8 % 1.3 % 1.1 %
26 Riverside-San Bernardino-Ontario, CA 12 4 501,668 94.3 % 98.1 % 10,104 23.55 1.1 % 0.8 % 1.1 %
27 Memphis, TN-MS-AR 44 1 649,252 95.8 % 95.8 % 10,020 16.97 0.3 % 1.0 % 1.0 %
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 33
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
28 Boston-Cambridge-Newton, MA-NH 11 6 722,376 94.5 % 94.5 % 9,805 14.37 1.6 % 1.1 % 1.0 %
29 Cleveland-Elyria, OH 35 3 803,543 89.7 % 90.6 % 9,474 13.10 0.8 % 1.2 % 1.0 %
30 Indianapolis-Carmel-Anderson, IN 33 2 715,057 94.0 % 96.9 % 8,455 12.37 0.5 % 1.1 % 0.9 %
31 Jacksonville, FL 40 3 695,151 95.7 % 97.3 % 8,442 13.03 0.8 % 1.1 % 0.9 %
32 Louisville/Jefferson County, KY-IN 46 4 700,179 89.6 % 97.2 % 7,935 11.96 1.1 % 1.1 % 0.8 %
33 Hartford-East Hartford-Middletown, CT 49 3 570,969 93.4 % 94.3 % 7,623 14.61 0.8 % 0.9 % 0.8 %
34 Worcester, MA-CT 59 3 513,199 86.5 % 98.0 % 6,911 16.36 0.8 % 0.8 % 0.7 %
35 Scranton--Wilkes-Barre, PA 103 2 618,795 99.1 % 99.5 % 6,446 23.77 0.5 % 1.0 % 0.7 %
36 Wilmington, NC 170 2 379,107 97.6 % 99.6 % 6,096 16.31 0.5 % 0.6 % 0.6 %
37 Milwaukee-Waukesha, WI 41 3 520,692 91.6 % 93.0 % 5,960 12.31 0.8 % 0.8 % 0.6 %
38 New Haven-Milford, CT 70 4 488,490 79.7 % 81.6 % 5,769 14.48 1.1 % 0.8 % 0.6 %
39 Oxnard-Thousand Oaks-Ventura, CA 73 2 319,844 84.5 % 96.6 % 5,766 19.34 0.5 % 0.5 % 0.6 %
40 College Station-Bryan, TX 185 3 433,728 94.0 % 94.3 % 5,751 16.98 0.8 % 0.7 % 0.6 %
41 Greensboro-High Point, NC 79 1 407,244 90.4 % 90.7 % 5,649 15.29 0.3 % 0.6 % 0.6 %
42 Poughkeepsie-Newburgh-Middletown, NY 87 3 399,379 95.2 % 97.9 % 5,535 14.38 0.8 % 0.6 % 0.6 %
43 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 2 412,451 91.7 % 92.6 % 5,461 14.74 0.5 % 0.6 % 0.6 %
44 Spartanburg, SC 157 1 375,999 75.8 % 97.8 % 5,126 14.45 0.3 % 0.6 % 0.5 %
45 Cape Coral-Fort Myers, FL 77 1 281,822 73.0 % 98.9 % 4,787 17.62 0.3 % 0.4 % 0.5 %
46 Raleigh-Cary, NC 42 2 286,697 88.4 % 98.4 % 4,423 15.81 0.5 % 0.4 % 0.5 %
47 Panama City, FL 250 2 403,492 96.6 % 98.1 % 4,373 11.21 0.5 % 0.6 % 0.5 %
48 Mobile, AL 126 1 410,401 91.5 % 91.7 % 4,273 11.63 0.3 % 0.6 % 0.4 %
49 Dayton-Kettering, OH 75 1 333,998 87.4 % 89.4 % 4,270 14.67 0.3 % 0.5 % 0.4 %
50 Boulder, CO 161 1 275,919 85.3 % 87.3 % 4,222 17.54 0.3 % 0.4 % 0.4 %
50 Largest CBSAs by ABR — 295 54,133,005 90.1 % 94.1 % 827,874 17.32 80.0 % 83.4 % 86.7 %
51 Kansas City, MO-KS 31 3 448,226 87.3 % 95.1 % 4,216 9.89 0.8 % 0.7 % 0.4 %
52 Greenville-Anderson, SC 61 2 220,723 99.4 % 99.4 % 4,188 19.55 0.5 % 0.3 % 0.4 %
53 Norwich-New London, CT 186 1 243,511 88.3 % 90.9 % 4,184 19.35 0.3 % 0.4 % 0.4 %
54 Manchester-Nashua, NH 131 2 234,250 80.7 % 83.6 % 4,099 22.82 0.5 % 0.4 % 0.4 %
55 Bakersfield, CA 63 1 240,068 97.8 % 97.8 % 3,830 16.62 0.3 % 0.4 % 0.4 %
56 Charleston-North Charleston, SC 74 2 498,871 75.3 % 75.9 % 3,774 10.16 0.5 % 0.8 % 0.4 %
57 Winston-Salem, NC 89 2 351,938 85.0 % 88.0 % 3,716 12.65 0.5 % 0.5 % 0.4 %
58 Atlantic City-Hammonton, NJ 180 1 179,183 93.5 % 100.0 % 3,698 20.64 0.3 % 0.3 % 0.4 %
59 Hilton Head Island-Bluffton, SC 208 2 231,952 79.7 % 80.3 % 3,456 18.54 0.5 % 0.4 % 0.4 %
60 Fresno, CA 56 1 215,166 100.0 % 100.0 % 3,338 15.51 0.3 % 0.3 % 0.3 %
61 Virginia Beach-Norfolk-Newport News, VA-NC 38 1 150,105 97.6 % 99.8 % 3,309 22.31 0.3 % 0.2 % 0.3 %
62 Greenville, NC 256 1 233,153 87.6 % 90.0 % 3,288 15.66 0.3 % 0.4 % 0.3 %
63 Springfield, MA 88 2 322,088 95.2 % 95.2 % 3,082 13.69 0.5 % 0.5 % 0.3 %
64 Pittsfield, MA 332 1 188,444 99.1 % 99.1 % 2,981 15.97 0.3 % 0.3 % 0.3 %
65 Savannah, GA 135 2 221,381 95.5 % 97.1 % 2,924 14.04 0.5 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended September 30, 2023 Page 34
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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 Bridgeport-Stamford-Norwalk, CT 60 1 161,075 100.0 % 100.0 % 2,764 17.16 0.3 % 0.2 % 0.3 %
67 Elkhart-Goshen, IN 224 1 214,067 98.0 % 98.0 % 2,763 13.17 0.3 % 0.3 % 0.3 %
68 Concord, NH 285 1 196,542 100.0 % 100.0 % 2,709 14.54 0.3 % 0.3 % 0.3 %
69 Sacramento-Roseville-Folsom, CA 27 1 114,451 11.4 % 67.4 % 2,689 34.88 0.3 % 0.2 % 0.3 %
70 Roanoke, VA 164 2 313,340 96.5 % 97.1 % 2,684 10.94 0.5 % 0.5 % 0.3 %
71 Columbus, OH 32 2 276,504 83.8 % 87.5 % 2,591 11.08 0.5 % 0.4 % 0.3 %
72 Duluth, MN-WI 174 1 183,105 94.1 % 95.1 % 2,508 14.41 0.3 % 0.3 % 0.3 %
73 Santa Maria-Santa Barbara, CA 124 1 166,696 86.3 % 100.0 % 2,447 14.68 0.3 % 0.3 % 0.3 %
74 Rutland, VT 537 1 223,314 90.0 % 100.0 % 2,300 10.30 0.3 % 0.3 % 0.2 %
75 Richmond, VA 45 1 141,569 96.6 % 96.6 % 2,274 16.62 0.3 % 0.2 % 0.2 %
76 Flint, MI 138 1 164,632 100.0 % 100.0 % 2,220 13.58 0.3 % 0.3 % 0.2 %
77 Austin-Round Rock-Georgetown, TX 26 1 170,605 95.4 % 96.1 % 2,172 13.24 0.3 % 0.3 % 0.2 %
78 Manhattan, KS 326 1 214,898 98.5 % 99.5 % 2,157 16.20 0.3 % 0.3 % 0.2 %
79 Trenton-Princeton, NJ 147 1 149,993 97.3 % 97.3 % 2,113 14.47 0.3 % 0.2 % 0.2 %
80 Greeneville, TN 485 1 224,139 99.3 % 99.3 % 2,106 9.67 0.3 % 0.3 % 0.2 %
81 Columbus, IN 444 1 143,740 100.0 % 100.0 % 2,055 14.30 0.3 % 0.2 % 0.2 %
82 Ithaca, NY 377 1 204,405 94.5 % 94.5 % 2,026 10.49 0.3 % 0.3 % 0.2 %
83 Portland-South Portland, ME 104 1 287,533 95.5 % 97.9 % 2,006 17.72 0.3 % 0.4 % 0.2 %
84 Crestview-Fort Walton Beach-Destin, FL 173 1 158,118 96.9 % 99.1 % 2,005 12.79 0.3 % 0.2 % 0.2 %
85 St. Louis, MO-IL 21 2 208,998 84.4 % 84.4 % 1,979 11.43 0.5 % 0.3 % 0.2 %
86 Palm Bay-Melbourne-Titusville, FL 97 1 131,243 83.2 % 96.8 % 1,875 14.76 0.3 % 0.2 % 0.2 %
87 Deltona-Daytona Beach-Ormond Beach, FL 91 1 184,379 98.7 % 100.0 % 1,858 10.08 0.3 % 0.3 % 0.2 %
88 California-Lexington Park, MD 362 1 92,335 100.0 % 100.0 % 1,847 20.00 0.3 % 0.1 % 0.2 %
89 Tucson, AZ 54 1 165,350 79.3 % 79.3 % 1,831 13.96 0.3 % 0.3 % 0.2 %
90 Ocean City, NJ 412 1 136,351 89.1 % 98.2 % 1,773 13.24 0.3 % 0.2 % 0.2 %
91 Georgetown, SC 518 1 120,095 86.4 % 96.4 % 1,713 14.79 0.3 % 0.2 % 0.2 %
92 Toledo, OH 95 1 289,105 81.0 % 81.6 % 1,681 12.95 0.3 % 0.4 % 0.2 %
93 Lansing-East Lansing, MI 107 1 160,946 51.1 % 100.0 % 1,671 10.38 0.3 % 0.2 % 0.2 %
94 Des Moines-West Des Moines, IA 83 1 269,705 73.9 % 73.9 % 1,661 8.34 0.3 % 0.4 % 0.2 %
95 London, KY 300 1 166,026 100.0 % 100.0 % 1,613 9.72 0.4 % 0.3 % 0.2 %
96 Durham-Chapel Hill, NC 93 1 97,226 97.8 % 97.8 % 1,576 16.57 0.4 % 0.1 % 0.2 %
97 Muskegon, MI 252 1 104,600 96.2 % 96.2 % 1,528 15.19 0.4 % 0.3 % 0.2 %
98 Lafayette-West Lafayette, IN 210 1 132,027 100.0 % 100.0 % 1,426 10.80 0.4 % 0.3 % 0.1 %
99 Modesto, CA 106 1 86,689 100.0 % 100.0 % 1,220 14.49 0.4 % 0.2 % 0.1 %
100 Elizabethtown-Fort Knox, KY 278 1 130,466 98.6 % 100.0 % 1,125 8.62 0.4 % 0.3 % — %
100 Largest CBSAs by ABR — 357 64,296,331 90.1 % 93.9 % 952,923 16.81 98.1 % 99.2 % 99.5 %
Other CBSAs — 7 531,108 84.9 % 84.9 % 5,205 11.67 1.9 % 0.8 % 0.5 %
TOTAL — 364 64,827,439 90.0 % 93.9 % $ 958,128 $ 16.77 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended September 30, 2023 Page 35
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PROPERTIES BY STATE ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 49 8,437,322 91.6 % 96.1 % $ 134,198 $ 16.91 13.5 % 13.0 % 14.0 %
2 California 28 5,216,307 91.6 % 97.2 % 111,826 23.77 7.7 % 8.0 % 11.7 %
3 Texas 48 7,404,129 88.4 % 93.8 % 111,757 16.85 13.2 % 11.5 % 11.6 %
4 Pennsylvania 24 4,331,729 90.7 % 95.1 % 68,028 20.32 6.6 % 6.7 % 7.1 %
5 New York 26 3,398,058 90.9 % 94.1 % 67,561 21.48 7.1 % 5.2 % 7.1 %
6 Illinois 16 4,291,493 82.2 % 84.5 % 52,942 15.24 4.4 % 6.6 % 5.5 %
7 New Jersey 16 2,821,886 91.7 % 96.1 % 47,102 18.44 4.4 % 4.4 % 4.9 %
8 Georgia 26 3,627,261 90.7 % 94.8 % 46,546 14.05 7.1 % 5.6 % 4.9 %
9 North Carolina 14 3,067,756 92.9 % 95.2 % 40,012 14.54 3.8 % 4.7 % 4.2 %
10 Michigan 15 2,795,803 87.0 % 93.3 % 35,904 14.39 4.1 % 4.3 % 3.7 %
11 Ohio 13 2,880,740 90.9 % 92.5 % 35,115 15.34 3.6 % 4.4 % 3.7 %
12 Tennessee 7 1,791,013 95.6 % 97.8 % 23,703 13.84 1.9 % 2.8 % 2.5 %
13 Colorado 7 1,590,065 90.7 % 94.0 % 22,456 15.96 1.9 % 2.5 % 2.3 %
14 Massachusetts 10 1,504,719 92.9 % 96.8 % 20,414 15.76 2.7 % 2.3 % 2.1 %
15 Connecticut 9 1,464,045 88.7 % 90.1 % 20,340 15.68 2.5 % 2.3 % 2.1 %
16 Kentucky 7 1,676,310 93.9 % 98.1 % 19,441 13.07 1.9 % 2.6 % 2.0 %
17 South Carolina 8 1,447,640 80.7 % 87.6 % 18,257 14.69 2.2 % 2.2 % 1.9 %
18 Minnesota 9 1,269,831 86.0 % 86.4 % 16,169 16.11 2.5 % 2.0 % 1.7 %
19 Indiana 5 1,204,891 96.1 % 97.8 % 14,699 12.57 1.4 % 1.9 % 1.5 %
20 Virginia 5 737,896 93.1 % 94.3 % 9,298 14.63 1.4 % 1.1 % 1.0 %
21 New Hampshire 5 672,180 90.3 % 91.4 % 9,173 15.61 1.4 % 1.0 % 1.0 %
22 Maryland 2 371,904 99.2 % 99.2 % 6,277 17.55 0.5 % 0.6 % 0.7 %
23 Wisconsin 3 520,692 91.6 % 93.0 % 5,960 12.31 0.8 % 0.8 % 0.6 %
24 Missouri 4 495,523 85.9 % 92.1 % 4,655 10.27 1.1 % 0.8 % 0.5 %
25 Alabama 1 410,401 91.5 % 91.7 % 4,273 11.63 0.3 % 0.6 % 0.4 %
26 Kansas 2 376,599 94.0 % 95.6 % 3,697 13.23 0.5 % 0.6 % 0.4 %
27 Vermont 1 223,314 90.0 % 100.0 % 2,300 10.30 0.3 % 0.3 % 0.2 %
28 Maine 1 287,533 95.5 % 97.9 % 2,006 17.72 0.3 % 0.4 % 0.2 %
29 Arizona 1 165,350 79.3 % 79.3 % 1,831 13.96 0.3 % 0.3 % 0.2 %
30 Iowa 1 269,705 73.9 % 73.9 % 1,661 8.34 0.3 % 0.4 % 0.2 %
31 West Virginia 1 75,344 44.8 % 44.8 % 527 15.61 0.3 % 0.1 % 0.1 %
TOTAL 364 64,827,439 90.0 % 93.9 % $ 958,128 $ 16.77 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended September 30, 2023 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) (5) Other Major Tenants (2) (5) Major Tenants
1 Springdale Mobile AL Mobile, AL 2004 410,401 91.7 % $ 4,273 $ 11.63 Sam's Club* bealls, Big Lots, Burlington Stores, Conn's Home Plus, Crunch Fitness, David's Bridal, Five Below, Fresenius Medical Care, Marshalls, Piccadilly, Shoe Station, Ulta, World Market —
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 79.3 % 1,831 13.96 Sam's Club* Big 5 Sporting Goods, CareMore, Defy-Tucson, Dollar Tree —
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 97.8 % 3,830 16.62 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Kids Empire, Ross Dress for Less Hobby Lobby
4 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 100.0 % 5,017 27.98 Ralphs (Kroger) HomeGoods, Rite Aid, World Market —
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.1 % 3,238 28.04 TBA, Trader Joe's* CVS, Harbor Freight Tools —
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,571 23.67 Stater Bros. — —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 100.0 % 2,995 24.31 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection Davis CA Sacramento-Roseville-Folsom, CA 1964 114,451 67.4 % 2,689 34.88 Trader Joe's Nordstrom Rack, PetSmart, Ulta —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 98.8 % 1,733 17.79 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 98.0 % 3,231 26.45 Major Market, Trader Joe's — —
11 Arbor - Broadway Faire (3) Fresno CA Fresno, CA 1995 215,166 100.0 % 3,338 15.51 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 % 2,447 14.68 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 86,689 100.0 % 1,220 14.49 Grocery Outlet American Freight, dd's Discounts (Ross) In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 100.0 % 6,601 23.40 Albertsons Best Buy, CVS, Kohl's, Optum Urgent Care, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 98.4 % 2,334 19.67 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 205,273 100.0 % 2,733 13.48 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 95.8 % 2,705 33.06 — Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 328,947 97.5 % 9,264 29.10 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center (4) Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2023 258,685 97.0 % 6,541 26.08 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 98.9 % 5,594 33.27 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 % 1,415 29.06 Stater Bros. — —
22 Village at Mira Mesa (4) San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 432,079 100.0 % 11,574 27.64 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 96.7 % 3,880 24.36 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J.Maxx —
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 3,839 35.16 Trader Joe's Petco, Rite Aid, Ross Dress for Less —
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 3,413 25.50 El Super (Chedraui USA), Walmart Supercenter Party City, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.6 % 2,528 13.84 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, Big Lots, CVS, Dollar Tree, Regency Theaters —
27 Vail Ranch Center (4) Temecula CA Riverside-San Bernardino-Ontario, CA 2023 201,682 98.1 % 3,844 26.10 Stater Bros. Burlington Stores, Dollar Tree, Five Below —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 100.0 % 1,209 22.73 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 97.6 % 2,355 24.34 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (4) Vallejo CA Vallejo, CA 2023 519,266 91.2 % 10,688 23.51 Costco* Century Theatres, City Sports Club, DSW, Mancini's Sleepworld, Marshalls, Michaels, OfficeMax, Party City, Pep Boys, Petco, PetSmart, Ross Dress for Less, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 827 8.68 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,988 94.5 % 7,403 16.59 King Soopers (Kroger) 2nd & Charles, AMC, Big Lots, Burlington Stores, Boot Barn, DICK’S Sporting Goods Warehouse Sale, Goldfish Swim School, Kohl's, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,013 100.0 % 2,170 12.62 King Soopers (Kroger) Chuze Fitness, iGen —
34 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 121,101 97.6 % 2,049 17.33 — Chuze Fitness —
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 37
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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) (5) Other Major Tenants (2) (5) Major Tenants
35 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,830 95.2 % 1,187 38.20 King Soopers (Kroger) — —
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 87.3 % 4,222 17.54 Whole Foods Market (Amazon), Costco*, SuperTarget* Chuck E. Cheese's, Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
37 Westminster City Center (4) Westminster CO Denver-Aurora-Lakewood, CO 2023 328,978 92.3 % 4,598 15.14 — Barnes & Noble, David's Bridal, Dollar Tree, DSW, Golf Galaxy, JOANN, Party City, Petco, Ross Dress for Less, Sierra Trading Post, The Tile Shop, Ulta —
38 The Shoppes at Fox Run Glastonbury CT Hartford-East Hartford-Middletown, CT 1974 108,167 94.4 % 2,925 28.64 Whole Foods Market (Amazon) Petco —
39 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 95.2 % 1,071 15.55 PriceRite (Wakefern) — The Home Depot
40 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 312,908 95.1 % 3,028 10.78 Walmart Supercenter* Advance Auto Parts, Crazy Hot Deals, DICK’S Sporting Goods Warehouse Sale, DSW, Edge Fitness, Hobby Lobby, Namco, Savers, U.S. Post Office Best Buy, The Home Depot, Walmart
41 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 92.6 % 1,670 12.04 Price Chopper (Northeast Grocery) — —
42 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,365 97.7 % 1,806 17.88 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
43 Colonial Commons - Orange Orange CT New Haven-Milford, CT 1996 133,786 57.4 % 765 9.96 — — —
44 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 100.0 % 2,764 17.16 — Esporta Fitness, Five Below, Marshalls —
45 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,986 84.8 % 2,127 14.02 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
46 Waterford Commons Waterford CT Norwich-New London, CT 2004 243,511 90.9 % 4,184 19.35 — Books-A-Million, DICK'S Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
47 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,822 98.9 % 4,787 17.62 Publix bealls, Burlington Stores, Crunch Fitness, Kohl's, Naples Community Hospital, NewSouth Window Solutions —
48 Coastal Way - Coastal Landing (3) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 100.0 % 5,246 15.63 BJ's Wholesale Club, Sprouts Farmers Market Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta —
49 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 98.4 % 7,483 25.27 Costco*, SuperTarget* Burlington Stores, Dollar Tree, Five Below, Golf Galaxy, Michaels, PetSmart, Ross Dress for Less, Ulta Lowe's
50 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 264,921 92.8 % 3,897 15.86 Publix Big Lots, CareerSource Broward, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center —
51 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 86.4 % 1,980 25.33 — Broward County Library, CVS —
52 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 100.0 % 1,858 10.08 Publix Big Lots, Planet Fitness, Tractor Supply Co. —
53 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 99.1 % 2,005 12.79 Publix bealls, Books-A-Million, Office Depot, T.J.Maxx —
54 Normandy Square Jacksonville FL Jacksonville, FL 1996 90,384 100.0 % 966 11.07 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar —
55 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,567 95.6 % 3,037 10.33 — American Freight, bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Party City, Surplus Warehouse —
56 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,014 20.51 — Esporta Fitness, La Familia Pawn & Jewelry —
57 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 100.0 % 2,819 21.11 Walmart Neighborhood Market Walgreens —
58 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 184,416 79.2 % 1,846 12.63 Publix Daily Dealz, Dollar Tree, Staples —
59 Marco Town Center (4) Marco Island FL Naples-Marco Island, FL 2023 109,545 97.5 % 2,999 28.08 Publix — —
60 Mall at 163rd Street Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2007 342,385 79.4 % 3,394 12.82 Walmart Supercenter* Citi Trends, Ross Dress for Less The Home Depot
61 Shops at Palm Lakes (4) Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2023 231,536 100.0 % 5,203 24.56 Fresco y Más (Southeastern Grocers) dd's Discounts (Ross), LA Fitness, Miami Beach Healthcare Group, Ross Dress for Less —
62 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 96.8 % 2,626 14.03 Publix Burlington Stores, HomeGoods, Pet Supplies Plus, Planet Fitness —
63 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 100.0 % 5,879 19.18 Trader Joe's Chuck E. Cheese's, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
64 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 99.4 % 4,079 20.69 Publix Marshalls, Office Depot, PGA TOUR Superstore, West Marine —
65 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 100.0 % 5,216 21.42 The Fresh Market Big Lots, Burlington Stores, Dollar Tree, HomeGoods, Party City, Saks OFF Fifth —
66 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 94.5 % 1,027 13.40 Publix — —
67 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 100.0 % 1,127 12.74 Sedano's Family Dollar —
68 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,623 18.59 — Burlington Stores, LA Fitness Target Supplemental Disclosure - Three Months Ended September 30, 2023 Page 38
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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) (5) Other Major Tenants (2) (5) Major Tenants
69 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 96.1 % 1,126 15.36 Publix — —
70 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,351 18.11 Seabra Foods Office Depot —
71 Pointe Orlando (4) Orlando FL Orlando-Kissimmee-Sanford, FL 2023 413,123 96.2 % 11,300 29.01 — Capital Grille, Cuba Libre, Dick's Last Resort, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Monkey Joe's, Regal Cinemas, Rodizio Grill, Sports & Social, Wonderworks —
72 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 855 13.25 Publix — —
73 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 167,145 93.0 % 3,361 22.21 — Goodwill, Walgreens —
74 23rd Street Station Panama City FL Panama City, FL 1995 98,827 92.4 % 1,392 15.25 Publix — —
75 Panama City Square Panama City FL Panama City, FL 1989 304,665 100.0 % 2,981 9.98 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx —
76 East Port Plaza (4) Port St. Lucie FL Port St. Lucie, FL 2023 214,489 94.8 % 3,022 14.86 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 94.3 % 1,269 14.14 Winn-Dixie (Southeastern Grocers) — —
78 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 771 13.52 Winn-Dixie (Southeastern Grocers) — —
79 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 95.6 % 872 23.16 SuperTarget* — —
80 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 100.0 % 2,889 20.05 Publix Archwell Health, Harbor Freight Tools —
81 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,300 13.62 Publix Big Lots, Crunch Fitness, HomeGoods —
82 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 96.8 % 1,875 14.76 Publix Home Centric, Planet Fitness —
83 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,154 13.74 Sprouts Farmers Market bealls, Burlington Stores, T.J.Maxx —
84 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 98.5 % 4,439 16.66 Publix Bealls Florida, Burlington Stores, Michaels, Party City, Petco —
85 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 90.1 % 2,252 18.40 Publix CVS, Dollar Tree —
86 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,415 9.57 Winn-Dixie (Southeastern Grocers) bealls, Big Lots —
87 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 195,214 84.5 % 2,163 13.12 Winn-Dixie (Southeastern Grocers) Big Lots, Chuck E. Cheese's, Crunch Fitness, Lorraine's Academy & Spa —
88 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 85.9 % 1,936 14.91 Publix Revive Health & Wellness —
89 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-Pompano Beach, FL 1989 110,109 92.4 % 863 8.48 Patel Brothers Dollar Tree Walmart
90 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 98.9 % 1,831 19.97 Publix — —
91 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 95.2 % 1,405 17.42 — Dollar Tree, Ross Dress for Less —
92 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,557 17.53 Publix Petco, T.J.Maxx, Ulta —
93 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 98.8 % 1,071 8.19 Winn-Dixie (Southeastern Grocers) T.J.Maxx —
94 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 97.8 % 1,020 9.49 Publix American Freight —
95 Venice Village Venice FL North Port-Sarasota-Bradenton, FL 2022 175,342 97.9 % 3,617 21.37 Publix JOANN, Planet Fitness —
96 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 291,622 93.1 % 4,119 21.06 — American Freight, Barnes & Noble, Cooper's Hawk Winery & Restaurant, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
97 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 445,342 83.6 % 4,788 13.16 City Farmers Market dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma, P.C.X. —
98 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 98.0 % 567 8.74 Food Depot Dollar Tree —
99 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 100.0 % 1,320 16.70 Publix — —
100 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 100.0 % 841 12.50 Publix — —
101 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 97.1 % 1,348 14.63 Kroger — —
102 Northside Dalton GA Dalton, GA 2001 78,922 100.0 % 893 12.08 — America's Thirft Stores, Dollar Tree —
103 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 100.0 % 966 12.41 Publix — —
104 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 91.2 % 813 19.18 Kroger* — — Supplemental Disclosure - Three Months Ended September 30, 2023 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) (5) Other Major Tenants (2) (5) Major Tenants
105 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,776 11.45 Costco* American Freight, Ollie's Bargain Outlet, Studio Movie Grill Big Lots
106 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 82.7 % 1,419 11.35 Food Depot Staples —
107 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 218,818 100.0 % 3,025 14.19 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
108 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 97.2 % 1,404 14.89 Publix — —
109 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 95.2 % 1,629 16.16 Publix — —
110 The Village at Mableton (4) Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 2023 222,161 95.7 % 2,199 10.35 — Burlington Stores, Cash America, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
111 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 56,840 100.0 % 1,067 19.41 — Crunch Fitness —
112 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 100.0 % 1,491 13.19 Kroger — —
113 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 144,351 99.2 % 2,262 15.80 Kroger — —
114 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 683 9.79 Food Depot — —
115 ConneXion Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2016 107,355 100.0 % 2,145 19.98 — Planet Fitness —
116 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 92.7 % 1,077 12.44 — PGA TOUR Superstore —
117 Kings Market Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2005 275,294 95.5 % 2,961 11.26 Publix Frontgate, Sky Zone —
118 Victory Square Savannah GA Savannah, GA 2007 119,919 96.0 % 1,756 16.20 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
119 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 184,185 98.7 % 3,231 17.77 Kroger DaVita Dialysis —
120 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 135,865 92.9 % 1,598 12.66 — Conn's Home Plus, Harbor Freight Tools, NCG Cinemas —
121 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 98.4 % 1,168 11.70 Kroger — —
122 Haymarket Square Des Moines IA Des Moines-West Des Moines, IA 1979 269,705 73.9 % 1,661 8.34 — Big Lots, Dollar Tree, Genesis Health Club, Northern Tool + Equipment, Office Depot —
123 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 96.3 % 3,904 20.31 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese's, Dollar Tree, Kirkland's, Party City, Petco, Ulta —
124 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 89.7 % 2,097 15.41 — Harbor Freight Tools, XSport Fitness Kohl's
125 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 100.0 % 2,478 12.61 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
126 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 324,977 97.1 % 4,716 16.08 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, The Home Depot, XSport Fitness —
127 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 84.9 % 5,766 13.38 — AMC, At Home, Burlington Stores, Dollar Tree, Hollywood Park, JOANN, National Tire & Battery, OfficeMax, Party City, PetSmart, Planet Fitness, Ross Dress for Less —
128 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 76.4 % 2,244 10.76 Jewel-Osco (Albertsons) Burlington Stores, Harbor Freight Tools Hobby Lobby
129 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN-WI 2005 347,503 100.0 % 4,921 14.16 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
130 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 93.8 % 2,207 13.72 — Bear Paddle Swim School, Best Buy, Painted Tree Marketplace, PetSmart —
131 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 76.9 % 1,336 16.28 Sunset Foods — —
132 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,007 62.0 % 2,005 13.48 — Altitude Trampoline Park, JOANN, LA Fitness —
133 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 93.8 % 1,757 16.70 Jewel-Osco (Albertsons) Planet Fitness —
134 Westridge Court (3) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 699,491 61.5 % 8,138 19.87 The Fresh Market DICK’S Sporting Goods Warehouse Sale, Discovery Clothing, Edge Fitness, Five Below, Funtopia USA, La-Z-Boy Furniture, Painted Tree Marketplace, Star Cinema Grille, Ulta, Walter E. Smithe Furniture & Design —
135 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN-WI 2007 387,873 96.6 % 4,523 12.08 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco —
136 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN-WI 1990 101,800 89.2 % 1,776 19.56 Whole Foods Market (Amazon) Skechers —
137 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 192,913 93.8 % 1,911 17.63 — Buffalo Wild Wings, Esporta Fitness, Harbor Freight Tools, Petco —
138 Tinley Park Plaza Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2022 237,973 79.5 % 3,163 16.71 Amazon Fresh Burlington Stores, Dollar Tree, Planet Fitness, The Tile Shop —
139 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,431 100.0 % 1,475 11.31 — Godby Home Furnishings, Ollie's Bargain Outlet — Supplemental Disclosure - Three Months Ended September 30, 2023 Page 40
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
140 Columbus Center Columbus IN Columbus, IN 1964 143,740 100.0 % 2,055 14.30 — Burlington Stores, Five Below, OfficeMax, T.J.Maxx Target
141 Market Centre Goshen IN Elkhart-Goshen, IN 1994 214,067 98.0 % 2,763 13.17 Walmart Supercenter* Burlington Stores, Dollar Tree, JOANN, Ross Dress for Less, Staples —
142 Speedway Super Center Speedway IN Indianapolis-Carmel-Anderson, IN 2022 584,626 96.2 % 6,980 12.62 Kroger Aaron's, American Freight, Burlington Stores, Dollar Tree, Empire Beauty School, Harbor Freight Tools, HealthNet, Indiana Bureau of Motor Vehicles, Kohl's, Mattress Firm, Oak Street Health, Petco, pOpshelf, Ross Dress for Less, T.J.Maxx —
143 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,426 10.80 Pay Less (Kroger) — —
144 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 90.5 % 1,540 10.53 Hy-Vee — —
145 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.5 % 2,157 16.20 Dillons (Kroger) JOANN, Marshalls —
146 North Dixie Plaza Elizabethtown KY Elizabethtown-Fort Knox, KY 1992 130,466 100.0 % 1,125 8.62 — At Home, Staples —
147 Florence Plaza - Florence Square (3) Florence KY Cincinnati, OH-KY-IN 2014 679,639 98.1 % 8,768 16.62 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Burlington Stores, Boot Barn, Chuck E. Cheese's, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, KPot Korean BBQ & Hot Pot, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Shoe Carnival, Sierra Trading Post, Staples, T.J.Maxx, Ulta —
148 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,388 98.8 % 2,085 10.64 — CVS, Dollar Tree —
149 London Marketplace London KY London, KY 1994 166,026 100.0 % 1,613 9.72 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
150 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 97.1 % 2,063 12.15 Kroger Petco —
151 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 158,009 95.7 % 1,792 12.47 Kroger Anytime Fitness —
152 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 96.8 % 1,995 12.97 Kroger Marketplace — —
153 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 100.0 % 1,222 8.70 America's Food Basket Citi Trends, Crunch Fitness —
154 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 84.4 % 2,082 30.96 — Golf Galaxy, Staples Duluth Trading Co.
155 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 95.0 % 1,755 13.76 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot —
156 WaterTower Plaza (4) Leominster MA Worcester, MA-CT 2023 282,636 99.0 % 4,079 14.84 TBA Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Party City, Petco, Staples, T.J.Maxx, The Paper Store —
157 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 82.3 % 318 15.14 Hannaford Bros.* — Walmart
158 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 95.5 % 1,508 20.23 Stop And Compare Crunch Fitness —
159 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 97.6 % 2,628 14.74 Star Market (Albertsons) Marshalls, Ocean State Job Lot —
160 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 99.1 % 2,981 15.97 Market 32 (Northeast Grocery) Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
161 Westgate Plaza Westfield MA Springfield, MA 1996 126,093 95.5 % 1,327 13.59 ALDI Ocean State Job Lot, Staples, T.J.Maxx —
162 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 98.6 % 2,514 19.85 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
163 South Plaza Shopping Center California MD California-Lexington Park, MD 2005 92,335 100.0 % 1,847 20.00 — Best Buy, Old Navy, Petco, Ross Dress for Less —
164 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,569 99.0 % 4,430 16.69 Giant Food (Ahold Delhaize) Big Lots, JOANN, Planet Fitness, Ross Dress for Less, Ulta —
165 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,533 97.9 % 2,006 17.72 — Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts —
166 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 96.4 % 7,192 18.75 Kroger DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Ulta —
167 Maple Village Ann Arbor MI Ann Arbor, MI 2020 288,528 98.6 % 5,032 17.69 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta —
168 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 96.7 % 1,042 12.62 Busch’s Fresh Food Market Ace Hardware —
169 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 79,068 98.0 % 862 11.13 — Ollie's Bargain Outlet, True Value —
170 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,220 13.58 VG's Food (SpartanNash) Dunham's Sports Five Below, Michaels, Old Navy, T.J.Maxx
171 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 88.7 % 763 8.64 D&W Fresh Market (SpartanNash) — —
172 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 100.0 % 1,671 10.38 — DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
173 Lakes Crossing Muskegon MI Muskegon, MI 2008 104,600 96.2 % 1,528 15.19 — JOANN, Party City, Shoe Carnival, Ulta Kohl's Supplemental Disclosure - Three Months Ended September 30, 2023 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) (5) Other Major Tenants (2) (5) Major Tenants
174 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 304,283 80.3 % 2,878 11.78 Prince Valley Market Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Octapharma —
175 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 465,309 97.4 % 7,123 20.59 TBA Barnes & Noble, DSW, Emagine Theatre, Kohl's, OfficeMax, Old Navy, Petco, T.J.Maxx, Ulta Target
176 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,724 98.5 % 1,241 12.39 — Citi Trends, Party City, Planet Fitness Burlington Stores, Forman Mills
177 18 Ryan Sterling Heights MI Detroit-Warren-Dearborn, MI 1997 101,564 100.0 % 1,014 9.98 Dream Market Dollar Tree, Planet Fitness —
178 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 72.5 % 797 7.10 — Dunham's Sports, Urban Air Adventure Park —
179 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 159,080 81.9 % 1,569 12.05 — Crunch Fitness, Party City, Petco, Ross Dress for Less Burlington Stores, Target
180 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 972 8.16 Save-A-Lot (Rabban Brothers) Big Lots, Dollar Tree, Planet Fitness —
181 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 99.0 % 2,430 19.75 SuperTarget* Best Buy, Dollar Tree, Walgreens —
182 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 96.3 % 1,225 13.83 Cub Foods (United Natural Foods Inc.) — —
183 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 95.1 % 2,508 14.41 — Best Buy, Dollar Tree, Harbor Freight Tools, HomeGoods, JOANN, T.J.Maxx —
184 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 95.6 % 2,022 24.04 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
185 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 68.5 % 1,723 11.78 — Dollar Tree, Marshalls, Michaels, Walgreens —
186 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,113 19.52 ALDI, Cub Foods* Dollar Tree —
187 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 100.0 % 1,996 16.82 Fresh Thyme Farmers Market (Meijer) Dollar Tree, Marshalls —
188 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 70.3 % 2,023 14.60 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Citi Trends, Dollar Tree, Planet Fitness —
189 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,129 15.45 Festival Foods (Knowlan's Super Markets) Dollar Tree —
190 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 78.7 % 1,502 14.32 ALDI Chuck E. Cheese's, Michaels, Party City, Petco —
191 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 99.4 % 1,539 9.58 Price Chopper (Associated Wholesale) Fowling Warehouse —
192 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 95.6 % 1,137 9.53 Price Chopper (Associated Wholesale) — —
193 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 477 6.98 Schnucks — —
194 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,683 16.12 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
195 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,424 94.3 % 4,557 16.94 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
196 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,197 9.04 Patel Brothers Big Air Trampoline, Big Lots, Dollar Tree, Gabe's, The Home Depot, Tokyo Grill and Supreme Buffet, Value City Furniture —
197 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 180,017 97.4 % 2,740 15.62 LIDL Boot Barn, Conn's Home Plus, Harbor Freight Tools, PetSmart Target, The Home Depot
198 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 94.2 % 3,973 14.76 Walmart Supercenter* bealls, Best Buy, Dollar Tree, Five Below, Michaels, Pep Boys, pOpshelf, Ross Dress for Less —
199 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 90.7 % 5,649 15.29 — Burlington Stores, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, Party City, PetSmart, Ross Dress for Less, Shoe Carnival, Ulta Target
200 University Commons Greenville NC Greenville, NC 1996 233,153 90.0 % 3,288 15.66 Harris Teeter (Kroger) Barnes & Noble, Petco, Shoe Carnival, T.J.Maxx Target
201 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 97.8 % 1,576 16.57 — Person County Health & Human Services —
202 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 100.0 % 4,382 12.54 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinsletown —
203 Crossroads Statesville NC Charlotte-Concord-Gastonia, NC-SC 1997 11,114 100.0 % 155 — Walmart Supercenter* Olive Garden Tractor Supply Co., Big Lots, Burkes Outlet
204 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 98.9 % 2,198 15.89 — Burlington Stores, Party City, PetSmart, Shoe Carnival, Sportsman's Warehouse Target
205 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 3,898 16.56 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J.Maxx — Supplemental Disclosure - Three Months Ended September 30, 2023 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) (5) Other Major Tenants (2) (5) Major Tenants
206 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 86.2 % 2,802 12.44 Compare Foods Badcock Home Furniture, Citi Trends, Modern Home, Office Depot, O'Reilly Auto Parts —
207 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 94.8 % 914 13.33 — Chef Store, Golf Galaxy, Mattress Firm —
208 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 103,002 62.7 % 1,520 25.67 — Boston Interiors —
209 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 100.0 % 2,709 14.54 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls —
210 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,579 21.42 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot
211 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 89,634 92.2 % 801 9.69 — JOANN, The Zoo Health Club, Tractor Supply Co. Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
212 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 151,754 91.7 % 1,564 11.24 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
213 Laurel Square (4) Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2023 245,984 94.8 % 2,226 9.55 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
214 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 97.2 % 4,902 24.82 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
215 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — —
216 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,459 97.7 % 3,481 15.57 LIDL Big Lots, Esporta Fitness, Five Below, Pep Boys, Ross Dress for Less, Ulta —
217 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 97.3 % 2,113 14.47 Grocery Outlet 2nd Ave, Crab Du Jour, DaVita Dialysis, Planet Fitness, Rothman Orthopaedic Institute —
218 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ-PA 2002 127,230 94.9 % 1,630 13.49 Super Stop & Shop (Ahold Delhaize) — —
219 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 97.4 % 7,553 23.07 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J.Maxx —
220 Middletown Plaza (4) Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2023 201,715 91.3 % 3,607 19.87 Trader Joe's At Home, Party City, Petco, Retro Fitness —
221 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 94.5 % 1,293 30.06 ShopRite — —
222 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2022 254,548 100.0 % 4,764 18.72 Bhavani Food Market, TBA Dollar Tree, Marshalls, Pep Boys, Petco, Texas Roadhouse —
223 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ-PA 1994 159,561 78.5 % 2,603 20.79 — Blink Fitness (Equinox), Marshalls —
224 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,351 98.2 % 1,773 13.24 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
225 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,183 100.0 % 3,698 20.64 ShopRite (Village Supermarket) Staples —
226 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 100.0 % 693 19.14 ShopRite (Village Supermarket) — —
227 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 95.3 % 1,460 17.46 — Dollar Tree, Jersey Strong Uncle Giuseppe's
228 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 100.0 % 3,841 17.77 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta —
229 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 92.3 % 2,706 32.69 ALDI T.J.Maxx —
230 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,316 94.1 % 1,880 24.29 TBA, BJ's Wholesale Club* Five Below Kohl's, Walmart
231 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 91.3 % 2,101 29.71 Stop & Shop*, Wild by Nature Market* — Rite Aid
232 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2022 217,893 100.0 % 4,324 19.84 — Burlington Stores, Crazy Hot Deals, Dollar Tree, Floor & Décor, Phenix Salon Suites —
233 Dalewood I, II & III Shopping Center (4) Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 2023 196,148 74.2 % 6,195 43.81 H-Mart Barnes & Noble, T.J.Maxx, Ulta —
234 Unity Plaza Hopewell Junction NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,430 21.20 Acme (Albertsons) — —
235 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 94.5 % 2,026 10.49 ALDI Big Lots, JOANN, Planet Fitness, True Value, VA Community Based Outpatient —
236 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,635 22.64 Key Food Marketplace T.J.Maxx —
237 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 671 39.47 Trader Joe's — —
238 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 100.0 % 1,559 25.18 KolSave Market* Dollar Tree, Planet Fitness — Supplemental Disclosure - Three Months Ended September 30, 2023 Page 43
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
239 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,470 100.0 % 1,466 40.20 North Shore Farms CVS —
240 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 97.6 % 3,367 15.93 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers —
241 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 97.5 % 2,198 11.08 — Ashley Homestore, Big Lots, Citi Trends, David's Bridal, Hobby Lobby —
242 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 97.5 % 1,907 16.02 ShopRite (Wakefern) Crazy Hot Deals, U.S. Post Office —
243 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 251,589 96.4 % 5,523 24.55 A Matter of Health Barnes & Noble, Crazy Hot Deals, Jembro, Marshalls, Ulta —
244 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,743 79.3 % 1,207 38.31 — — —
245 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 90.8 % 3,159 26.77 — Dollar Tree, HomeGoods —
246 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,094 21.12 Fine Fare CVS, T.J.Maxx —
247 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 120,089 100.0 % 3,132 26.08 Costco* HomeSense, Marshalls, PetSmart, Ulta —
248 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,292 29.28 — HomeGoods —
249 College Plaza (4) Selden NY New York-Newark-Jersey City, NY-NJ-PA 2023 193,099 93.7 % 4,293 26.05 ShopRite (Wakefern) Burlington Stores, Five Below, Wren Kitchens Firestone
250 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 88.7 % 1,894 13.28 — Staples —
251 Parkway Plaza Vestal NY Binghamton, NY 1995 207,154 89.2 % 2,221 12.02 — Boot Barn, JOANN, Kohl's, PetSmart Target
252 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,647 17.84 — HomeGoods, Michaels, Old Navy —
253 Town Square Mall (3) Vestal NY Binghamton, NY 1991 291,346 92.9 % 4,738 17.51 Sam's Club*, Walmart Supercenter* AMC, Barnes & Noble, Burlington Stores, Dollar Tree, DSW, Shoe Carnival, T.J.Maxx, Ulta —
254 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 95.8 % 2,896 34.16 H-Mart — —
255 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 151,048 97.0 % 2,507 17.72 Giant Eagle — The Home Depot
256 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 98.7 % 2,779 18.37 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
257 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 165,348 99.3 % 1,561 9.59 Kroger Pet Supplies Plus, Salvation Army —
258 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,551 99.5 % 4,063 16.11 Fresh Thyme Farmers Market (Meijer) Esporta Fitness, HomeGoods, Painted Tree Marketplace, T.J.Maxx —
259 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 240,022 97.3 % 4,973 22.11 — Dollar Tree, Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, Ulta Target
260 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,318 37.50 Kroger — —
261 Crown Point Columbus OH Columbus, OH 1980 144,931 88.5 % 1,326 10.34 Kroger Dollar Tree, Planet Fitness —
262 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 86.4 % 1,265 11.98 Kroger — —
263 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 89.4 % 4,270 14.67 Health Foods Unlimited Burlington Stores, JOANN, Party City, PetSmart, Value City Furniture —
264 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 87.9 % 5,744 11.22 Giant Eagle, Marc's, BJ's Wholesale Club* Dollar Tree, JOANN, Marshalls, OfficeMax, Party City, Petco, Treasure Hunt, UFC Gym —
265 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 100.0 % 1,223 17.47 — Ollie's Bargain Outlet, Sears Outlet —
266 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,140 96.7 % 2,405 28.28 Kroger Advance Auto Parts, Rainbow Shops —
267 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 289,105 81.6 % 1,681 12.95 Kroger Big Lots, Crunch Fitness, Dollar General, Harbor Freight Tools —
268 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 89.6 % 2,459 19.54 Giant Food (Ahold Delhaize) CVS —
269 Park Hills Plaza Altoona PA Altoona, PA 1985 9,894 100.0 % 365 36.89 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
270 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 98.2 % 4,337 14.82 Giant Food (Ahold Delhaize) Big Lots, Citi Trends, Marshalls, PetSmart, Powerhouse Gym, Rite Aid, Staples —
271 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 97.6 % 3,137 12.64 — Ollie's Bargain Outlet, Planet Fitness, RumbleOn —
272 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 59.5 % 316 11.53 — — — Supplemental Disclosure - Three Months Ended September 30, 2023 Page 44
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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) (5) Other Major Tenants (2) (5) Major Tenants
273 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 95.1 % 2,693 19.71 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
274 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 88.5 % 1,742 19.49 Kimberton Whole Foods Pep Boys —
275 Plymouth Square Shopping Center (4) Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2023 234,874 87.7 % 4,619 22.41 Weis Markets Planet Fitness, REI, Rite Aid —
276 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,227 29.15 Giant Food (Ahold Delhaize) — —
277 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 100.0 % 681 15.10 Hung Vuong Food Market* — —
278 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 2023 312,355 98.9 % 3,789 19.38 — Burlington Stores, Dollar Tree, Gabe's, JOANN, Party City, PetSmart, Sierra Trading Post, T.J.Maxx, The Home Depot —
279 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 237,496 76.4 % 3,433 18.93 Whole Foods Market (Amazon) Barnes & Noble, Kohl's —
280 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 96.9 % 1,457 19.99 — Ross Dress for Less —
281 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 89.7 % 1,009 20.71 Weis Markets* DaVita Dialysis —
282 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 224,583 98.9 % 8,111 37.94 McCaffrey's Ulta —
283 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,093 29.08 — Target —
284 Roosevelt Mall (4) Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2023 589,360 96.7 % 10,121 39.90 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less —
285 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 100.0 % 1,470 8.32 Redner's Warehouse Market Big Lots, Staples —
286 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 95.1 % 1,703 11.58 ALDI Big Lots, Dollar Tree, Planet Fitness —
287 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 464 11.12 Fresh Grocer* — —
288 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 4,056 18.56 ShopRite (Wakefern) Famous Footwear, Harbor Freight Tools, Old Navy, Party City, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
289 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 91.6 % 770 13.25 Giant Food (Ahold Delhaize) — —
290 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 315,192 95.4 % 3,319 11.03 Redner's Warehouse Market Decor Home Furniture, Dollar Tree, Gabe's, PetSmart, Ross Dress for Less, Staples —
291 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,657 35.10 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus —
292 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 99.6 % 2,959 17.82 Kroger K1 Speed —
293 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 98.5 % 1,658 19.91 Lowes Foods (Alex Lee) — —
294 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 31.1 % 497 24.46 — — —
295 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 84.6 % 1,579 11.02 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym —
296 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 71.2 % 2,195 9.61 — American Freight, Gold's Gym, NewSpring Church —
297 Pawleys Island Plaza Pawleys Island SC Georgetown, SC 2015 120,095 96.4 % 1,713 14.79 Publix Petco, T.J.Maxx, Ulta —
298 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 100.0 % 2,530 19.31 — Petco, Ross Dress for Less, T.J.Maxx Target
299 Hillcrest Market Place (4) Spartanburg SC Spartanburg, SC 2023 375,999 97.8 % 5,126 14.45 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
300 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,948 100.0 % 3,575 13.61 ALDI At Home, Big Lots, HomeGoods —
301 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 100.0 % 4,476 13.51 — Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Mercy Children's Clinic, Painted Tree Marketplace, Planet Fitness —
302 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 99.3 % 2,106 9.67 — bealls, Belk, Hobby Lobby, Marshalls, Ross Dress for Less —
303 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,012 8.48 — Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park —
304 The Commons at Wolfcreek (3) Memphis TN Memphis, TN-MS-AR 2014 649,252 95.8 % 10,020 16.97 — Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Citi Trends, Crazy Hot Deals, Dave & Busters, David's Bridal, Dollar Tree, DSW, Michaels, Office Depot, Old Navy, Painted Tree Marketplace, PetSmart, T.J.Maxx Target, The Home Depot
305 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 94.8 % 1,456 13.46 Kroger — —
306 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,058 12.81 Kroger — Walgreens
307 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 170,605 96.1 % 2,172 13.24 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Planet Fitness — Supplemental Disclosure - Three Months Ended September 30, 2023 Page 45
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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) (5) Other Major Tenants (2) (5) Major Tenants
308 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 57.4 % 917 16.66 — Goodwill —
309 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 100.0 % 711 9.92 El Ahorro Supermarket Dollar Tree, Family Dollar —
310 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 85.2 % 917 7.86 — AlphaGraphics —
311 Central Station College Station TX College Station-Bryan, TX 1976 178,141 97.4 % 3,339 19.70 — Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's
312 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 100.0 % 1,495 28.40 Kroger CVS —
313 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 74.0 % 875 13.97 — Crunch Fitness —
314 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 95.2 % 2,396 26.38 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
315 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 36.2 % 388 16.50 — — —
316 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 98.2 % 771 11.38 — Canales —
317 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 100.0 % 506 11.12 — Big Lots —
318 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 86.8 % 1,207 13.48 El Rio Grande Latin Market Family Dollar —
319 Wynnewood Village (4) Dallas TX Dallas-Fort Worth-Arlington, TX 2023 576,375 93.5 % 7,639 18.20 El Rancho (Heritage Grocers), Kroger Burlington Stores, Citi Trends, DaVita Dialysis, Dollar Tree, Five Below, Kids Empire, LA Fitness, Ross Dress for Less, Target —
320 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 96.4 % 1,155 10.13 Food Town bealls, Walgreens —
321 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 100.0 % 1,953 11.45 Tom Thumb (Albertsons) Dollar Tree, Goody Goody Wine & Spirits —
322 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 93.6 % 4,083 22.10 Tom Thumb (Albertsons) DSW, Ulta —
323 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 788,584 95.1 % 17,234 22.99 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Half Price Books, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Party City, PetSmart, pOpshelf, Ross Dress for Less, Staples, T.J.Maxx, Ulta —
324 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,404 15.78 Truong Nguyen Market — —
325 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.7 % 1,244 12.68 — Painted Tree Marketplace, Planet Fitness —
326 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 95.3 % 736 10.78 Kroger — —
327 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 95.1 % 1,007 31.62 Kroger — —
328 Braes Heights Houston TX Houston-The Woodlands-Sugar Land, TX 2022 92,179 94.2 % 2,701 31.12 — CVS, My Salon Suites —
329 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,982 96.3 % 726 8.19 Food Town — —
330 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,988 100.0 % 984 13.64 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
331 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 89.0 % 1,389 15.77 ALDI Mr. Gatti's Pizza, Spec's Liquors —
332 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 97.2 % 2,476 12.23 El Rancho (Heritage Grocers) Big Lots, Conn's Home Plus, XL Parts —
333 Jester Village Houston TX Houston-The Woodlands-Sugar Land, TX 2022 62,665 93.7 % 1,321 22.50 — 24 Hour Fitness —
334 Jones Plaza (4) Houston TX Houston-The Woodlands-Sugar Land, TX 2023 111,206 94.1 % 1,254 11.98 La Michoacana Meat Market Aaron's, Fitness Connection —
335 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 99.5 % 1,617 9.57 — Big Lots, Hobby Lobby, King Dollar, Octapharma, Walgreens —
336 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 99.2 % 1,001 10.17 Foodarama bealls, Kids Empire —
337 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,651 99.1 % 4,114 16.82 Kroger Big Lots, JD Sports, Petco, Planet Fitness, Ross Dress for Less —
338 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 38,724 100.0 % 606 15.65 El Rancho* WSS —
339 Northshore (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2001 229,954 97.1 % 3,322 15.10 Sellers Bros. Conn's Home Plus, Dollar Tree, Kamada Plasma, Melrose Fashions, Nova Healthcare, Office Depot —
340 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,529 94.2 % 2,542 14.36 El Rancho (Heritage Grocers) 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) —
341 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,664 99.1 % 2,222 12.66 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
342 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 146,279 91.6 % 3,428 25.59 H-E-B — —
343 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 82,623 97.9 % 1,331 16.46 ALDI Dollar Tree, Party City, Salon Park —
344 West U Marketplace Houston TX Houston-The Woodlands-Sugar Land, TX 2000 60,136 100.0 % 1,594 26.51 Whole Foods Market (Amazon) — — Supplemental Disclosure - Three Months Ended September 30, 2023 Page 46
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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) (5) Other Major Tenants (2) (5) Major Tenants
345 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 97.0 % 2,679 11.24 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Salon Park, Sanitas Medical Center, Shoe Carnival, Walgreens —
346 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 96.4 % 2,133 16.10 Kroger LA Fitness —
347 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 181,932 96.8 % 1,991 11.31 Kroger bealls, Octapharma, Petco, Retro Fitness —
348 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 98.5 % 1,450 9.41 Kroger American Freight, Goodwill, Harbor Freight Tools, Walgreens —
349 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 145,000 92.2 % 2,955 23.05 Central Market (H-E-B) — —
350 Preston Park Village (4) Plano TX Dallas-Fort Worth-Arlington, TX 2023 256,385 83.7 % 5,910 27.53 — Gap Factory Store, HomeGoods, Petco —
351 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,293 97.0 % 1,526 12.93 El Rancho Family Dollar —
352 Lake Pointe Village Sugar Land TX Houston-The Woodlands-Sugar Land, TX 2010 162,263 86.8 % 4,178 29.66 Whole Foods Market (Amazon) — —
353 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,842 92.6 % 2,235 10.90 Kroger Conn's Home Plus, Harbor Freight Tools, Planet Fitness —
354 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 89.5 % 1,923 21.33 — Tesla —
355 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 79.1 % 1,031 9.80 — Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
356 Hanover Square Mechanicsville VA Richmond, VA 1991 141,569 96.6 % 2,274 16.62 — Gold's Gym, Hobby Lobby Kohl's
357 Cave Spring Corners Roanoke VA Roanoke, VA 2005 147,133 97.1 % 1,236 14.72 Kroger Hamrick's —
358 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 97.1 % 1,448 8.97 — Dollar Tree, Kohl's, PetSmart —
359 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,105 99.8 % 3,309 22.31 Trader Joe's Five Below, JOANN, PetSmart, Ulta —
360 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 100.0 % 2,300 10.30 Price Chopper (Northeast Grocery) Planet Fitness, T.J.Maxx, Walmart —
361 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,744 87.7 % 3,364 17.54 Sendik's Food Market Marshalls, The Tile Shop —
362 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 98.7 % 1,024 10.55 Pick 'n Save (Kroger) — —
363 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,645 96.0 % 1,572 8.04 — Hobby Lobby, Kohl's Big Lots, Five Below, HomeGoods, Sierra Trading Post
364 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 44.8 % 527 15.61 — Sportsman's Warehouse —
TOTAL PORTFOLIO 64,827,439 93.9 % $ 958,128 $ 16.77
(1) * Indicates grocer is not owned.
(2) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants.
(3) Property is listed as two individual properties on Company website for marketing purposes.
(4) Indicates property is currently in redevelopment.
(5) Major Tenants exclude tenants that have ceased to operate prior to their lease expiration date.
Supplemental Disclosure - Three Months Ended September 30, 2023 Page 47
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