Skip to main content
Equibles

8-K

Brixmor Property Group Inc. (BRX)

8-K 2021-08-02 For: 2021-08-02
View Original
Added on April 11, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 2, 2021

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 August 2, 2021, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the second quarter ended June 30, 2021. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.

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

Item 9.01     Financial Statements and Exhibits

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

99.1 Press release issued August 2, 2021.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the second quarter ended June 30, 2021.
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: August 2, 2021 BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary Inc., its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary

Document

Exhibit 99.1

header.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 SECOND QUARTER 2021 RESULTS

  • Achieves Record New Lease ABR of $19.48 Per Square Foot -

NEW YORK, AUGUST 2, 2021 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and six months ended June 30, 2021. For the three months ended June 30, 2021 and 2020, net income was $0.30 per diluted share and $0.03 per diluted share, respectively.

Key highlights for the three months ended June 30, 2021 include:

•Executed 1.6 million square feet of new and renewal leases, with rent spreads on comparable space of 10.7%, including 0.7 million square

feet of new leases, with rent spreads on comparable space of 19.8%

•Sequentially increased total leased occupancy to 91.1%, anchor leased occupancy to 94.0% and small shop leased occupancy to 84.8%

◦Leased to billed occupancy spread totaled 300 basis points

◦Total signed but not commenced lease population represented 2.4 million square feet and $41.9 million of annualized base rent

•Reported an increase in same property NOI of 13.9%

•Reported NAREIT FFO of $138.6 million, or $0.46 per diluted share, reflecting a $2.1 million favorable impact of revenues deemed uncollectible due primarily to recoveries of previously reserved amounts and a $0.7 million reversal of straight-line rental income, net primarily related to COVID-19

◦NAREIT FFO included items that impact FFO comparability, including litigation and other non-routine legal expenses, loss on extinguishment of debt, net and transaction expenses of ($0.5) million, or ($0.00) per diluted share

•Stabilized $20.3 million of reinvestment projects at an average incremental NOI yield of 18%, with the in process reinvestment pipeline now totaling $432.9 million at an expected average incremental NOI yield of 9%

•Completed $64.0 million of acquisitions and $69.4 million of dispositions

•Published annual Corporate Responsibility Report (view the 2020 report at https://www.brixmor.com/why-brixmor/corporate-responsibility)

Guidance update:

•Updated previously provided NAREIT FFO per diluted share expectations for 2021 to $1.70 - $1.76 from $1.60 - $1.70 and same property NOI growth expectations for 2021 to 4.5% - 6.0% from 1.0% - 3.0%

“I’m very pleased with yet another quarter of outstanding performance across all facets of our balanced business plan,” commented James Taylor, Chief Executive Officer and President. “Our sector leading leasing productivity, reinvestment execution, and operational enhancements not only continue to drive our improved outlook for 2021 and beyond, they also move us towards our purpose of being the center of the communities we serve.”

COVID-19 UPDATE (as of July 27, 2021)

•Rent collections continued to improve with 96.5% of billed based rent for the three months ended June 30, 2021 collected and including rent deferral and abatement agreements, total addressed billed base rent was 97.5%.

i

header.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

•A summary of trends in billed base rent collected, rent deferrals and abatements and total addressed billed base rent follows:

Percent of 2Q20 Billed Base Rent Collected Percent of 3Q20 Billed Base Rent Collected Percent of 4Q20 Billed Base Rent Collected Percent of 1Q21 Billed Base Rent Collected Percent of 2Q21 Billed Base Rent Collected
Essential tenants 99.4% 99.2% 99.5% 99.4% 99.3%
Hybrid tenants 90.7% 92.3% 93.5% 94.2% 95.4%
Other retail / services 81.3% 89.9% 91.3% 92.0% 94.8%
Total 89.8% 93.7% 94.6% 95.1% 96.5%
Rent deferrals and abatements 6.2% 2.9% 2.7% 2.2% 1.0%
Total addressed billed base rent 96.0% 96.6% 97.3% 97.3% 97.5%

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended June 30, 2021 and 2020, net income was $90.4 million, or $0.30 per diluted share, and $9.0 million, or $0.03 per diluted share, respectively.

•For the six months ended June 30, 2021 and 2020, net income was $142.8 million, or $0.48 per diluted share, and $68.8 million, or $0.23 per diluted share, respectively.

NAREIT FFO

•For the three months ended June 30, 2021 and 2020, NAREIT FFO was $138.6 million, or $0.46 per diluted share, and $94.1 million, or $0.32 per diluted share, respectively. Results for the three months ended June 30, 2021 and 2020 include items that impact FFO comparability, including litigation and other non-routine legal expenses, loss on extinguishment of debt, net and transaction expenses of ($0.5) million, or ($0.00) per diluted share, and ($12.8) million, or ($0.04) per diluted share, respectively.

•For the six months ended June 30, 2021 and 2020, NAREIT FFO was $269.2 million, or $0.90 per diluted share, and $231.6 million, or $0.78 per diluted share, respectively. Results for the six months ended June 30, 2021 and 2020 include items that impact FFO comparability, including litigation and other non-routine legal expenses, loss on extinguishment of debt, net and transaction expenses of ($3.6) million, or ($0.01) per diluted share, and ($13.4) million, or ($0.04) per diluted share, respectively.

Same Property NOI Performance

•For the three months ended June 30, 2021, the Company reported an increase in same property NOI of 13.9% versus the comparable 2020 period.

•For the six months ended June 30, 2021, the Company reported an increase in same property NOI of 5.7% versus the comparable 2020 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.215 per common share (equivalent to $0.860 per annum) for the third quarter of 2021.

•The dividend is payable on October 15, 2021 to stockholders of record on October 5, 2021, representing an ex-dividend date of October 4, 2021.

ii

header.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended June 30, 2021, the Company stabilized ten value enhancing reinvestment projects with a total aggregate net cost of approximately $20.3 million at an average incremental NOI yield of 18% and added nine new reinvestment projects to its in process pipeline. Projects added include six anchor space repositioning projects, one outparcel development project and two redevelopment projects, with a total aggregate net estimated cost of approximately $47.2 million at an expected average incremental NOI yield of 9%.

•At June 30, 2021, the value enhancing reinvestment in process pipeline was comprised of 56 projects with an aggregate net estimated cost of approximately $432.9 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 19 anchor space repositioning projects with an aggregate net estimated cost of approximately $86.7 million at an expected incremental NOI yield of 8% - 14%; 15 outparcel development projects with an aggregate net estimated cost of approximately $30.4 million at an expected average incremental NOI yield of 11%; and 22 redevelopment projects with an aggregate net estimated cost of approximately $315.8 million at an expected average incremental NOI yield of 9%.

•An in-depth review of a project that highlights the Company's reinvestment expertise can be found at this link:                 https://www.brixmor.com/blog/mamaroneck-centre-jim-taylor.

•Due to COVID-19, there is inherent uncertainty as it relates to the Company’s reinvestment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.

Acquisitions

•During the three months ended June 30, 2021, the Company acquired two shopping centers for a combined purchase price of $64.0 million.

◦The Center of Bonita Springs, a 281,394 square foot community shopping center located in the high-income market of Bonita Springs, Florida (Cape Coral-Fort Myers, Florida MSA), for $48.5 million. The Center of Bonita Springs is anchored by a highly-productive Publix and Bealls Outlet|Home Centric and has significant near-term value creation opportunity. The property complements the Company’s four other assets in Southwest Florida, three of which have recently been or currently are in redevelopment, and is ten miles from its 100% leased Park Shore Plaza in Naples, Florida.

◦Champlin Marketplace, a 91,970 square foot neighborhood shopping center located in the northern suburbs of Minneapolis, Minnesota (Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin MSA), for $15.5 million. Champlin Marketplace is anchored by a market dominant Cub Foods and is the Company’s ninth property in the market.

•During the six months ended June 30, 2021, the Company acquired two shopping centers, an outparcel adjacent to an existing center and land associated with an existing center and terminated a ground lease and acquired the associated land parcel at an existing center for a combined purchase price of $67.6 million.

Dispositions

•During the three months ended June 30, 2021, the Company generated approximately $69.4 million of gross proceeds on the disposition of two shopping centers, as well as five partial properties, comprised of 0.6 million square feet of gross leasable area.

•During the six months ended June 30, 2021, the Company generated approximately $102.6 million of gross proceeds on the disposition of six shopping centers, as well as nine partial properties, comprised of 1.2 million square feet of gross leasable area.

iii

header.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

CAPITAL STRUCTURE

•At June 30, 2021, the Company had $1.7 billion of total liquidity, comprised of $405.4 million of cash, cash equivalents and restricted cash and $1.2 billion of availability under its Revolving Credit Facility. The Company has no debt maturities in 2021 and only $250.0 million of debt maturities in 2022.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2021 to $1.70 - $1.76 from $1.60 - $1.70 and same property NOI growth expectations for 2021 to 4.5% - 6.0% from 1.0% - 3.0%.

•With respect to future periods, the Company’s updated guidance:

◦Reflects anticipated transaction activity

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

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

•The following table provides a reconciliation of the range of the Company’s 2021 estimated net income attributable to common stockholders to NAREIT FFO:

(Unaudited, dollars in millions, except per share amounts) 2021E 2021E Per Diluted Share
Net income attributable to common stockholders $250 - $268 $0.83 - $0.89
Depreciation and amortization 319 1.07
Impairment of real estate assets 2 0.01
Gain on sale of real estate assets (64) (0.21)
NAREIT FFO $507 - $525 $1.70 - $1.76

CONNECT WITH BRIXMOR

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

•Follow Brixmor on:

◦Twitter at https://twitter.com/Brixmor

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

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

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

•Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, August 3, 2021 at 10:00 AM ET. To participate, please dial 877.705.6003 (domestic) or 201.493.6725 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on August 17, 2021 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13719865) or via the web through August 3, 2022 at www.brixmor.com in the Investors section.

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

iv

header.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

NON-GAAP PERFORMANCE MEASURES

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

NAREIT FFO

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

Same Property NOI

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

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 389 retail centers comprise approximately 68 million square feet of prime retail space in established trade areas. The Company strives to own

v

header.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets 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 www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.

SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes or results to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company’s tenants, the real estate market, the financial markets and the global economy. The COVID-19 pandemic has impacted the Company and its tenants significantly, and the extent to which it continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments and their deployment, public adoption rates of COVID-19 vaccines and their effectiveness against emerging variants of COVID-19, such as the Delta variant, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained changes in consumer behavior, among others. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

vi

CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of As of
6/30/21 12/31/20
Assets
Real estate
$ 1,749,145 $ 1,740,263
7,810,683 7,714,105
147,898 142,745
551,150 566,448
10,258,876 10,163,561
(2,745,122) (2,659,448)
Real estate, net 7,513,754 7,504,113
Cash and cash equivalents 404,144 368,675
Restricted cash 1,242 1,412
Marketable securities 18,188 19,548
Receivables, net 228,583 240,323
Deferred charges and prepaid expenses, net 139,974 139,260
Real estate assets held for sale — 18,014
Other assets 49,288 50,802
Total assets $ 8,355,173 $ 8,342,147
Liabilities
Debt obligations, net $ 5,167,038 $ 5,167,330
Accounts payable, accrued expenses and other liabilities 483,791 494,116
Total liabilities 5,650,829 5,661,446
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
2,970 2,965
Additional paid-in capital 3,215,948 3,213,990
Accumulated other comprehensive loss (19,713) (28,058)
Distributions in excess of net income (494,861) (508,196)
Total equity 2,704,344 2,680,701
Total liabilities and equity $ 8,355,173 $ 8,342,147

All values are in US Dollars.

vii
CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
Revenues
Rental income $ 286,933 $ 247,434 $ 563,394 $ 527,836
Other revenues 91 186 3,376 2,085
Total revenues 287,024 247,620 566,770 529,921
Operating expenses
Operating costs 28,755 25,136 60,140 55,492
Real estate taxes 42,257 41,808 85,145 84,672
Depreciation and amortization 81,212 80,829 164,632 163,846
Impairment of real estate assets 431 5,962 1,898 10,560
General and administrative 26,461 24,436 51,106 47,033
Total operating expenses 179,116 178,171 362,921 361,603
Other income (expense)
Dividends and interest 104 102 191 226
Interest expense (49,689) (49,852) (98,683) (97,206)
Gain on sale of real estate assets 32,603 692 38,367 9,597
Loss on extinguishment of debt, net (32) (10,386) (1,229) (10,391)
Other (466) (961) 304 (1,719)
Total other expense (17,480) (60,405) (61,050) (99,493)
Net income $ 90,428 $ 9,044 $ 142,799 $ 68,825
Net income per common share:
Basic $ 0.30 $ 0.03 $ 0.48 $ 0.23
Diluted $ 0.30 $ 0.03 $ 0.48 $ 0.23
Weighted average shares:
Basic 297,216 296,546 297,196 297,194
Diluted 298,277 296,773 298,222 297,485
viii
---
FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
$ 90,428 $ 9,044 $ 142,799 $ 68,825
Depreciation and amortization related to real estate 80,368 79,768 162,823 161,788
Gain on sale of real estate assets (32,603) (692) (38,367) (9,597)
Impairment of real estate assets 431 5,962 1,898 10,560
$ 138,624 $ 94,082 $ 269,153 $ 231,576
$ 0.46 $ 0.32 $ 0.90 $ 0.78
298,277 296,773 298,222 297,485
Litigation and other non-routine legal expenses $ (498) $ (2,038) $ (2,329) $ (2,560)
Loss on extinguishment of debt, net (32) (10,386) (1,229) (10,391)
Transaction expenses (17) (413) (49) (425)
$ (547) $ (12,837) $ (3,607) $ (13,376)
$ (0.00) $ (0.04) $ (0.01) $ (0.04)
Straight-line rental income, net (1) $ 3,404 $ (6,422) $ 5,676 $ (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Straight-line ground rent expense (2) (42) (35) (88) (70)
$ 0.215 $ — $ 0.430 $ 0.285
$ 63,850 $ — $ 127,694 $ 84,488
46.1 % — % 47.4 % 36.5 %
(1) Includes straight-line rental income reversals of 0.7 million and 2.3 million for the three and six months ended June 30, 2021, respectively, and 11.5 million and 19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

ix
SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/21 6/30/20 Change 6/30/21 6/30/20 Change
Same Property NOI Analysis
Number of properties 376 376 — 374 374 —
Percent billed 88.0 % 89.0 % (1.0) % 88.0 % 89.2 % (1.2) %
Percent leased 91.1 % 92.2 % (1.1) % 91.2 % 92.3 % (1.1) %
Revenues
Base rent $ 201,229 $ 203,077 $ 397,720 $ 403,652
Expense reimbursements 59,042 58,024 119,979 119,212
Revenues deemed uncollectible 2,367 (26,617) (1,977) (31,955)
Ancillary and other rental income / Other revenues 4,665 3,758 12,188 9,632
Percentage rents 1,491 1,097 3,616 2,802
268,794 239,339 12.3 % 531,526 503,343 5.6 %
Operating expenses
Operating costs (27,748) (24,077) (57,498) (52,383)
Real estate taxes (41,059) (39,611) (81,942) (79,856)
(68,807) (63,688) 8.0 % (139,440) (132,239) 5.4 %
Same property NOI $ 199,987 $ 175,651 13.9 % $ 392,086 $ 371,104 5.7 %
NOI margin 74.4 % 73.4 % 73.8 % 73.7 %
Expense recovery ratio 85.8 % 91.1 % 86.0 % 90.1 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements $ (1,311) (0.7) % $ (3,136) (0.8) %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements (537) (0.4) % (2,796) (0.8) %
Revenues deemed uncollectible 28,984 16.6 % 29,978 8.1 %
Net expense reimbursements (4,101) (2.3) % (6,434) (1.7) %
Ancillary and other rental income / Other revenues 907 0.5 % 2,556 0.7 %
Percentage rents 394 0.2 % 814 0.2 %
13.9 % 5.7 %
Reconciliation of Net Income to Same Property NOI
Same property NOI $ 199,987 $ 175,651 $ 392,086 $ 371,104
Adjustments:
Non-same property NOI 5,222 6,586 14,002 17,627
Lease termination fees 4,073 1,746 5,457 3,134
Straight-line rental income, net 3,404 (6,422) 5,676 (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Straight-line ground rent expense (42) (35) (88) (70)
Depreciation and amortization (81,212) (80,829) (164,632) (163,846)
Impairment of real estate assets (431) (5,962) (1,898) (10,560)
General and administrative (26,461) (24,436) (51,106) (47,033)
Total other expense (17,480) (60,405) (61,050) (99,493)
Net income $ 90,428 $ 9,044 $ 142,799 $ 68,825
x
---

Document

Exhibit 99.2

cover2qa.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended June 30, 2021
TABLE OF CONTENTS
--- --- --- --- ---
Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
Supplemental COVID-19 Disclosure 11
Same Property NOI Analysis 13
Capital Expenditures 14
Capitalization, Liquidity & Debt Ratios 15
Debt Obligations 16
Covenant Disclosure 17
Investment Summary
Acquisitions 19
Dispositions 20
Anchor Space Repositioning Summary 21
Outparcel Development Summary 22
Redevelopment Summary 23
Future Redevelopment Opportunities 25
Portfolio Summary
Portfolio Overview 27
Portfolio Composition 28
Merchandise Mix Composition 29
Top Forty Retailers Ranked by ABR 30
New & Renewal Lease Summary 31
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 32
Lease Expiration Schedule 33
Properties by Largest US MSAs 34
Largest MSAs by ABR 36
Properties by State 39
Property List 40
Note: Financial and operational information is unaudited.
For additional information, please visit www.brixmor.com, follow Brixmor on Twitter at https://twitter.com/Brixmor, on Facebook at https://www.facebook.com/Brixmor, on Instagram at https://www.instagram.com/brixmorpropertygroup and on Youtube at https://www.youtube.com/user/Brixmor, and find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “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, 2020 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes or results to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company’s tenants, the real estate market, the financial markets and the global economy. The COVID-19 pandemic has impacted the Company and its tenants significantly, and the extent to which it continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments and their deployment, public adoption rates of COVID-19 vaccines and their effectiveness against emerging variants of COVID-19, such as the Delta variant, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained changes in consumer behavior, among others. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Supplemental Disclosure - Three Months Ended June 30, 2021
---
GLOSSARY OF TERMS
--- --- ---
Term Definition
Anchor Spaces Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR") Contractual monthly base rent as of a specified date, under leases which have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br>A reconciliation of net income to each of these measures is provided on page 7.<br>EBITDA is calculated as the sum of net income (loss) calculated in accordance with GAAP excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets and (ii) impairment write-downs of certain real estate assets. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense. EBITDA, EBITDAre, Adjusted EBITDA and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date.
LIBOR London Interbank Offered Rate.
Metropolitan Statistical Area ("MSA") Defined by the United States Office of Management and Budget as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting.
NAREIT National Association of Real Estate Investment Trusts.
NAREIT Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br>A reconciliation of net income to NAREIT FFO is provided on page 8.<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.
Net Effective Rent Average ABR PSF over the lease term adjusted for tenant improvements and allowances, third party leasing commissions and tenant specific landlord work. For purposes of calculating net effective rent, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br>A reconciliation of NOI to net income is provided on page 10.<br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) corporate level expenses (including general and administrative), (ii) lease termination fees, (iii) straight-line rental income, net, (iv) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (v) straight-line ground rent expense.
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching approximately 90% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching approximately 90% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the incremental third party costs of a specified project, net of any project specific credits (i.e. lease termination fees or other ancillary credits).
Non-owned Major Tenants Also known as shadow anchors. Represents tenants that are situated on parcels which are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new freestanding building, separate from the main retail buildings and generally located on the outer edge of a property. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new building.
Percent Billed Billed GLA as a percentage of total GLA.
Percent Leased Leased GLA as a percentage of total GLA.
PSF Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are 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 non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 1
--- ---
GLOSSARY OF TERMS
--- --- --- --- --- --- ---
Term Definition
Total Rent Spread Combined spreads for new, renewal and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of Same Property NOI to net income is provided on page 13. Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties which 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 6/30/21 Six Months<br>Ended 6/30/21
Total properties in Brixmor Property Group portfolio 389 389
Acquired properties excluded from Same Property NOI (2) (2)
Additional exclusions (11) (13)
Same Property NOI pool 376 374
In addition, three outparcels acquired in 2020 and 2021 are excluded from the Same Property NOI pool for the three months ended June 30, 2021 and 2020, and four outparcels acquired in 2020 and 2021 are excluded from the Same Property NOI pool for the six months ended June 30, 2021 and 2020. The balance of the shopping centers where those outparcels exist are included in the Same Property NOI pool. Additional exclusions for the three months ended June 30, 2021 and 2020 include 10 properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021. Additional exclusions for the six months ended June 30, 2021 and 2020 include 12 properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Straight-line Rent Non-cash revenue related to GAAP requirement to average a tenant's contractual base rent over the life of the lease. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net 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.
COVID-19
The Company expects the economic impact of the novel strain of coronavirus (“COVID-19”) to continue to adversely impact operating results for 2021. Portfolio data presented in the Supplemental Disclosure for the quarter ended June 30, 2021 reflects the contractual obligations of tenants. Due to COVID-19, there is inherent uncertainty as it relates to the Company’s reinvestment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields. For additional information refer to Form 10-Q, filed with the Securities and Exchange Commission (“SEC”) on August 2, 2021.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted<br><br>• EBITDA & Cash Adjusted EBITDA Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA is useful to investors in measuring its operating performance because the definition excludes items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate, such as interest expense, federal and state taxes, and depreciation and amortization. The Company believes EBITDAre is also useful to investors as it further eliminates disparities in EBITDA due to gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets during the period presented and therefore provides a more consistent metric for comparing the operating performance of the Company’s real estate between periods. The Company believes Adjusted EBITDA, which further eliminates disparities in EBITDAre due to gains and losses on extinguishment of debt and other items that the Company believes are not indicative of the Company’s operating performance, and Cash Adjusted EBITDA, which further eliminates straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense, are also useful to investors in understanding the Company’s operating performance.
• NAREIT FFO Considering the nature of its business as a real estate owner and operator, the Company believes that NAREIT FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its property portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as depreciation and amortization and corporate level expenses (including general and administrative). The Company believes Same Property NOI is also useful to investors as it further eliminates disparities in NOI due to the acquisition or disposition of properties or the stabilization of completed New Development properties during the period presented and therefore provides a more consistent metric for comparing the operating performance of the Company’s real estate between periods.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 2
--- ---
RESULTS OVERVIEW & GUIDANCE
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended Six Months Ended
Summary Financial Results 6/30/21 6/30/20 6/30/21 6/30/20
Total revenues (page 6) 287,024 247,620 566,770 529,921
Net income (page 6) 90,428 9,044 142,799 68,825
Net income per diluted share (page 6) 0.30 0.03 0.48 0.23
NOI (page 10) 205,209 182,237 406,088 388,731
Adjusted EBITDA (page 7) 190,447 158,512 374,089 345,685
Cash Adjusted EBITDA (page 7) 183,717 161,819 364,149 347,793
NAREIT FFO (page 8) 138,624 94,082 269,153 231,576
NAREIT FFO per diluted share (page 8) 0.46 0.32 0.90 0.78
Items that impact FFO comparability, net per share (page 8) (0.00) (0.04) (0.01) (0.04)
Dividends declared per share (page 8) 0.215 — 0.430 0.285
Dividend payout ratio (as % of NAREIT FFO) (page 8) 46.1 — 47.4 36.5
Three Months Ended
Summary Operating and Financial Ratios 6/30/21 3/31/21 12/31/20 9/30/20 6/30/20
NOI margin (page 10) 74.3 73.0 72.2 73.5 73.1
Same property NOI performance (page 13) (1) 13.9 (1.5) (6.4) (9.3) (9.0)
Fixed charge coverage, current quarter annualized (page 15) 3.8x 3.7x 3.4x 3.2x 3.2x
Fixed charge coverage, trailing twelve months (page 15) 3.5x 3.4x 3.4x 3.6x 3.8x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 15) (2) 6.3x 6.5x 6.9x 7.4x 7.9x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 15) (2) 6.7x 7.0x 7.0x 6.9x 6.8x
Outstanding Classes of Stock As of 6/30/21 As of 3/31/21 As of 12/31/20 As of 9/30/20 As of 6/30/20
Common shares outstanding (page 15) 296,978 296,946 296,494 296,482 296,481
Summary Portfolio Statistics (3) As of 6/30/21 As of 3/31/21 As of 12/31/20 As of 9/30/20 As of 6/30/20
Number of properties (page 27) 389 389 393 395 398
Percent billed (page 27) 88.1 87.8 87.8 88.0 88.9
Percent leased (page 27) 91.1 90.8 90.7 91.2 92.1
ABR PSF (page 27) 15.12 15.05 14.93 14.86 14.83
New lease rent spread (page 31) 19.8 20.3 21.9 14.1 19.4
New & renewal lease rent spread (page 31) 10.7 7.0 8.0 5.7 5.9
Total - new, renewal & option lease rent spread (page 31) 10.0 6.7 7.4 6.1 6.5
Total - new, renewal & option GLA (page 31) 2,275,255 2,130,048 2,213,791 3,155,433 1,841,519
2021 Guidance Current(at 8/2/2021) Previous(at 5/3/2021) YTD
NAREIT FFO per diluted share 1.70 - 1.76 1.60 - 1.70 0.90
Same property NOI performance 4.5% - 6.0% 1.0% - 3.0% 5.7%
(1) Reflects same property NOI as reported for the specified period.
(2) Net principal debt is as of the end of each specified period.
(3) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 3
> FINANCIAL SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended June 30, 2021
CONSOLIDATED BALANCE SHEETS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
6/30/21 12/31/20
Assets
Real estate
$ 1,749,145 $ 1,740,263
7,810,683 7,714,105
147,898 142,745
551,150 566,448
10,258,876 10,163,561
(2,745,122) (2,659,448)
Real estate, net 7,513,754 7,504,113
Cash and cash equivalents 404,144 368,675
Restricted cash 1,242 1,412
Marketable securities 18,188 19,548
Receivables, net 228,583 240,323
Deferred charges and prepaid expenses, net 139,974 139,260
Real estate assets held for sale — 18,014
Other assets 49,288 50,802
Total assets $ 8,355,173 $ 8,342,147
Liabilities
Debt obligations, net $ 5,167,038 $ 5,167,330
Accounts payable, accrued expenses and other liabilities 483,791 494,116
Total liabilities 5,650,829 5,661,446
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
2,970 2,965
Additional paid-in capital 3,215,948 3,213,990
Accumulated other comprehensive loss (19,713) (28,058)
Distributions in excess of net income (494,861) (508,196)
Total equity 2,704,344 2,680,701
Total liabilities and equity $ 8,355,173 $ 8,342,147

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
Revenues
Rental income $ 286,933 $ 247,434 $ 563,394 $ 527,836
Other revenues 91 186 3,376 2,085
Total revenues 287,024 247,620 566,770 529,921
Operating expenses
Operating costs 28,755 25,136 60,140 55,492
Real estate taxes 42,257 41,808 85,145 84,672
Depreciation and amortization 81,212 80,829 164,632 163,846
Impairment of real estate assets 431 5,962 1,898 10,560
General and administrative 26,461 24,436 51,106 47,033
Total operating expenses 179,116 178,171 362,921 361,603
Other income (expense)
Dividends and interest 104 102 191 226
Interest expense (49,689) (49,852) (98,683) (97,206)
Gain on sale of real estate assets 32,603 692 38,367 9,597
Loss on extinguishment of debt, net (32) (10,386) (1,229) (10,391)
Other (466) (961) 304 (1,719)
Total other expense (17,480) (60,405) (61,050) (99,493)
Net income $ 90,428 $ 9,044 $ 142,799 $ 68,825
Net income per common share:
Basic $ 0.30 $ 0.03 $ 0.48 $ 0.23
Diluted $ 0.30 $ 0.03 $ 0.48 $ 0.23
Weighted average shares:
Basic 297,216 296,546 297,196 297,194
Diluted 298,277 296,773 298,222 297,485
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 6
--- ---
EBITDA
--- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
$ 90,428 $ 9,044 $ 142,799 $ 68,825
Interest expense 49,689 49,852 98,683 97,206
Federal and state taxes 743 680 837 1,469
Depreciation and amortization 81,212 80,829 164,632 163,846
222,072 140,405 406,951 331,346
Gain on sale of real estate assets (32,603) (692) (38,367) (9,597)
Impairment of real estate assets 431 5,962 1,898 10,560
$ 189,900 $ 145,675 $ 370,482 $ 332,309
$ 189,900 $ 145,675 $ 370,482 $ 332,309
Litigation and other non-routine legal expenses 498 2,038 2,329 2,560
Loss on extinguishment of debt, net 32 10,386 1,229 10,391
Transaction expenses 17 413 49 425
Total adjustments 547 12,837 3,607 13,376
$ 190,447 $ 158,512 $ 374,089 $ 345,685
$ 190,447 $ 158,512 $ 374,089 $ 345,685
Straight-line rental income, net (1) (3,404) 6,422 (5,676) 8,559
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,368) (3,150) (4,352) (6,521)
Straight-line ground rent expense (2) 42 35 88 70
Total adjustments (6,730) 3,307 (9,940) 2,108
$ 183,717 $ 161,819 $ 364,149 $ 347,793
(1) Includes straight-line rental income reversals of 0.7 million and 2.3 million for the three and six months ended June 30, 2021, respectively, and 11.5 million and 19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 7
FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
$ 90,428 $ 9,044 $ 142,799 $ 68,825
Depreciation and amortization related to real estate 80,368 79,768 162,823 161,788
Gain on sale of real estate assets (32,603) (692) (38,367) (9,597)
Impairment of real estate assets 431 5,962 1,898 10,560
$ 138,624 $ 94,082 $ 269,153 $ 231,576
$ 0.46 $ 0.32 $ 0.90 $ 0.78
298,277 296,773 298,222 297,485
Litigation and other non-routine legal expenses $ (498) $ (2,038) (2,329) (2,560)
Loss on extinguishment of debt, net (32) (10,386) $ (1,229) $ (10,391)
Transaction expenses (17) (413) (49) (425)
$ (547) $ (12,837) $ (3,607) $ (13,376)
$ (0.00) $ (0.04) $ (0.01) $ (0.04)
Straight-line rental income, net (1) $ 3,404 $ (6,422) $ 5,676 $ (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Straight-line ground rent expense (2) (42) (35) (88) (70)
$ 0.215 $ — $ 0.430 $ 0.285
$ 63,850 $ — $ 127,694 $ 84,488
46.1 % — % 47.4 % 36.5 %
(1) Includes straight-line rental income reversals of 0.7 million and 2.3 million for the three and six months ended June 30, 2021, respectively, and 11.5 million and 19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 8
SUPPLEMENTAL BALANCE SHEET DETAIL
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
6/30/21 12/31/20
Receivables, net
Straight-line rent receivable, net $ 132,246 $ 127,349
Tenant receivables, net 89,270 107,165
Other 7,067 5,809
Total receivables, net $ 228,583 $ 240,323
Deferred charges and prepaid expenses, net
Deferred charges, net $ 116,849 $ 119,033
Prepaid expenses, net 23,125 20,227
Total deferred charges and prepaid expenses, net $ 139,974 $ 139,260
Other assets
Right-of-use asset $ 31,416 $ 34,006
Furniture, fixtures and leasehold improvements, net 12,382 11,137
Other 5,490 5,659
Total other assets $ 49,288 $ 50,802
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 243,848 $ 236,433
Below market leases, net 78,047 85,445
Dividends payable 66,338 65,972
Lease liability 35,940 38,599
Interest rate swaps 19,516 28,225
Other 40,102 39,442
Total accounts payable, accrued expenses and other liabilities $ 483,791 $ 494,116
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 9
--- ---
NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
Base rent $ 207,069 $ 211,226 $ 412,656 $ 424,073
Expense reimbursements 60,770 60,726 124,631 125,765
Revenues deemed uncollectible 2,097 (27,774) (2,240) (34,000)
Ancillary and other rental income / Other revenues 4,745 3,860 12,408 9,983
Percentage rents 1,498 1,108 3,830 3,004
Operating costs (28,713) (25,101) (60,052) (55,422)
Real estate taxes (42,257) (41,808) (85,145) (84,672)
$ 205,209 $ 182,237 $ 406,088 $ 388,731
NOI margin (NOI / revenues) 74.3 % 73.1 % 73.7 % 73.5 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 85.6 % 90.8 % 85.8 % 89.8 %
$ 205,209 $ 182,237 $ 406,088 $ 388,731
Lease termination fees 4,073 1,746 5,457 3,134
Straight-line rental income, net (1) 3,404 (6,422) 5,676 (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Straight-line ground rent expense (2) (42) (35) (88) (70)
Depreciation and amortization (81,212) (80,829) (164,632) (163,846)
Impairment of real estate assets (431) (5,962) (1,898) (10,560)
General and administrative (26,461) (24,436) (51,106) (47,033)
Total other expense (17,480) (60,405) (61,050) (99,493)
$ 90,428 $ 9,044 $ 142,799 $ 68,825
Base rent $ 207,069 $ 211,226 $ 412,656 $ 424,073
Expense reimbursements 60,770 60,726 124,631 125,765
Revenues deemed uncollectible 2,097 (27,774) (2,240) (34,000)
Lease termination fees 4,073 1,746 5,457 3,134
Straight-line rental income, net (1) 3,404 (6,422) 5,676 (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Ancillary and other rental income 4,654 3,674 9,032 7,898
Percentage rents 1,498 1,108 3,830 3,004
Total rental income $ 286,933 $ 247,434 $ 563,394 $ 527,836
$ 91 $ 186 $ 3,376 $ 2,085
Mortgage, note and other interest $ 45,633 $ 41,076 $ 89,230 $ 81,062
Unsecured credit facility and term loan interest 3,769 8,099 8,941 14,846
Capitalized interest (886) (1,114) (1,817) (2,177)
Deferred financing cost amortization 1,883 1,856 3,764 3,619
Debt premium and discount accretion, net (710) (65) (1,435) (144)
Total interest expense $ 49,689 $ 49,852 $ 98,683 $ 97,206
Federal and state taxes $ 743 $ 680 $ 837 $ 1,469
Other (277) 281 (1,141) 250
Total other $ 466 $ 961 $ (304) $ 1,719
$ 4,168 $ 3,621 $ 7,921 $ 7,118
322 50 759 74
1,647 1,245 2,753 2,608
4,199 1,955 6,791 4,607
(1) Includes straight-line rental income reversals of 0.7 million and 2.3 million for the three and six months ended June 30, 2021, respectively, and 11.5 million and 19.4 million for the three and six months ended June 30, 2020, respectively.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.
(3) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 10
SUPPLEMENTAL COVID-19 DISCLOSURE
---
Unaudited, dollars in thousands
Twelve Months Ended 3/31/21 Three Months Ended 6/30/21 Fifteen Months Ended 6/30/21
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Total<br>Portfolio (6) Percent of <br>Billed Base <br>Rent Total<br>Portfolio (6) Percent of <br>Billed Base <br>Rent Total<br>Portfolio (6) Percent of <br>Billed Base <br>Rent
$ 840,831 100.0 % $ 208,514 100.0 % $ 1,049,345 100.0 %
Rent deferrals, net (lease modifications) and rent abatements (2)(3) (9,485) (1.1) % (1,445) (0.7) % (10,930) (1.0) %
831,346 98.9 % 207,069 99.3 % 1,038,415 99.0 %
Out-of-period rent deferrals, net (lease modifications), rent abatements and retro billing adjustments (2)(3) (883) (0.1) % 883 0.4 % — — %
830,463 98.8 % 207,952 99.7 % 1,038,415 99.0 %
Cash collected from tenants (2) (769,462) (91.5) % (199,972) (95.9) % (983,616) (93.7) %
Out-of-period cash collected from tenants (2) (14,182) (1.7) % — — % — — %
46,819 5.6 % 7,980 3.8 % 54,799 5.2 %
Rent deferrals, net (not lease modifications) (4) (24,869) (3.0) % (967) (0.5) % (19,792) (1.9) %
Out-of-period rent deferrals, net (not lease modifications) (4) 6,044 0.7 % — — % — — %
$ 27,994 3.3 % $ 7,013 3.4 % $ 35,007 3.3 %
$ (16,654) $ (783) $ (16,466)
Out-of-period cash collected on revenues deemed uncollectible 2,243 — —
Out-of-period additional reserve (106) — —
Out-of-period deferrals on previously reserved amounts (1,166) — —
(15,683) (783) (16,466)
(34,853) (6,028) $ (33,147)
Out-of-period cash collected on revenues deemed uncollectible 5,247 — —
Out-of-period additional reserve 1,321 — —
Out-of-period deferrals on previously reserved amounts 1,166 — —
(27,119) (6,028) (33,147)
$ (42,802) $ (6,811) $ (49,613)
$ (40,047) $ (6,811) $ (46,858)
$ (6,811)
Adjustments for out-of-period cash received and additional reserves/abatements (5) 8,705
Revenues deemed uncollectible - net expense reimbursements and other adjustments 203
$ 2,097
(1) Amounts presented represent twelve months ended March 31, 2021 and three months ended June 30, 2021 base rent billings, respectively.
(2) Amounts are as of June 30, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to June 30, 2021.
(3) The Company accounts for COVID-19 rent deferrals and abatements that significantly increase the consideration due under the lease as lease modifications in accordance with ASC 842. As a result, rental revenue recognition is reduced by the amount of the deferral or abatement in the period it was granted and straight-line rental income recognition is updated over the remaining lease term. The Company does not account for COVID-19 rent abatements that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition is reduced by the amount of the abatement in the period it was granted and straight-line rental income recognition does not change over the remaining lease term.
(4) The Company does not account for COVID-19 rent deferrals that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition does not change, and Receivables, net increases for the deferred amount.
(5) Includes 2.2 million and 5.2 million of out-of-period cash received on rent deferrals (not lease modifications) and unaddressed (under negotiation) revenues deemed uncollectible, respectively, and a 1.3 million out-of-period additional reserve reduction on unaddressed (under negotiation) revenues deemed uncollectible, partially offset by a 0.1 million out-of-period additional reserve on rent deferrals (not lease modifications) revenues deemed uncollectible.
(6) The Company did not observe significant differences in billed based rent collection percentages between the Same Property pool and the Total Portfolio through June 30, 2021.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 11
SUPPLEMENTAL COVID-19 DISCLOSURE
---
Unaudited, dollars in thousands

covidchartsa.jpg

Supplemental Reserve Information (1) Twelve Months Ended 3/31/21 Three Months Ended 6/30/21 Fifteen Months Ended 6/30/21
Reserves on uncollected base rent
Accrued but uncollected base rent $ 46,819 $ 7,980 $ 54,799
Revenues deemed uncollectible - base rent 42,802 91.4 % 6,811 85.4 % 49,613 90.5 %
Reserves on uncollected and unaddressed (under negotiation) base rent
Accrued but uncollected and unaddressed (under negotiation) base rent $ 27,994 $ 7,013 $ 35,007
Revenues deemed uncollectible - accrued but uncollected and unaddressed (under negotiation) rent adjusted for out-of-period activity 27,119 96.9 % 6,028 86.0 % 33,147 94.7 %
Reserves on deferred base rent
Rent deferrals, net (not lease modifications) adjusted for out-of-period activity $ 18,825 $ 967 $ 19,792
Revenues deemed uncollectible - rent deferrals (not lease modifications) adjusted for out-of-period activity 15,683 83.3 % 783 81.0 % 16,466 83.2 %
(1) Amounts are as of June 30, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to June 30, 2021.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 12
--- ---
SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/21 6/30/20 Change 6/30/21 6/30/20 Change
Same Property NOI Analysis
Number of properties 376 376 — 374 374 —
Percent billed 88.0 % 89.0 % (1.0) % 88.0 % 89.2 % (1.2) %
Percent leased 91.1 % 92.2 % (1.1) % 91.2 % 92.3 % (1.1) %
Revenues
Base rent $ 201,229 $ 203,077 $ 397,720 $ 403,652
Expense reimbursements 59,042 58,024 119,979 119,212
Revenues deemed uncollectible 2,367 (26,617) (1,977) (31,955)
Ancillary and other rental income / Other revenues 4,665 3,758 12,188 9,632
Percentage rents 1,491 1,097 3,616 2,802
268,794 239,339 12.3 % 531,526 503,343 5.6 %
Operating expenses
Operating costs (27,748) (24,077) (57,498) (52,383)
Real estate taxes (41,059) (39,611) (81,942) (79,856)
(68,807) (63,688) 8.0 % (139,440) (132,239) 5.4 %
Same property NOI $ 199,987 $ 175,651 13.9 % $ 392,086 $ 371,104 5.7 %
NOI margin 74.4 % 73.4 % 73.8 % 73.7 %
Expense recovery ratio 85.8 % 91.1 % 86.0 % 90.1 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements $ (1,311) (0.7) % $ (3,136) (0.8) %
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements (537) (0.4) % (2,796) (0.8) %
Revenues deemed uncollectible 28,984 16.6 % 29,978 8.1 %
Net expense reimbursements (4,101) (2.3) % (6,434) (1.7) %
Ancillary and other rental income / Other revenues 907 0.5 % 2,556 0.7 %
Percentage rents 394 0.2 % 814 0.2 %
13.9 % 5.7 %
Reconciliation of Net Income to Same Property NOI
Same property NOI $ 199,987 $ 175,651 $ 392,086 $ 371,104
Adjustments:
Non-same property NOI 5,222 6,586 14,002 17,627
Lease termination fees 4,073 1,746 5,457 3,134
Straight-line rental income, net 3,404 (6,422) 5,676 (8,559)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,368 3,150 4,352 6,521
Straight-line ground rent expense (42) (35) (88) (70)
Depreciation and amortization (81,212) (80,829) (164,632) (163,846)
Impairment of real estate assets (431) (5,962) (1,898) (10,560)
General and administrative (26,461) (24,436) (51,106) (47,033)
Total other expense (17,480) (60,405) (61,050) (99,493)
Net income $ 90,428 $ 9,044 $ 142,799 $ 68,825
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 13
--- ---
CAPITAL EXPENDITURES
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/21 6/30/20 6/30/21 6/30/20
Leasing related:
Tenant improvements and tenant inducements $ 12,964 $ 11,458 $ 25,882 $ 27,004
External leasing commissions 3,249 769 5,543 2,375
16,213 12,227 31,425 29,379
Maintenance capital expenditures 10,270 8,995 16,268 15,531
Total leasing related and maintenance capital expenditures $ 26,483 $ 21,222 $ 47,693 $ 44,910
Value-enhancing:
Anchor space repositionings $ 9,192 $ 6,256 $ 22,452 $ 19,602
Outparcel developments 3,118 3,468 4,519 7,133
Redevelopments 31,015 25,675 54,760 51,791
New development 54 418 268 723
Other (1) 1,996 4,082 2,876 10,438
Total value-enhancing capital expenditures $ 45,375 $ 39,899 $ 84,875 $ 89,687
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades and solar array installations.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 14
--- ---
CAPITALIZATION, LIQUIDITY & DEBT RATIOS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars and shares in thousands except per share amounts
As of As of
6/30/21 12/31/20
Common shares outstanding 296,978 296,494
Common share price $ 22.89 $ 16.55
$ 6,797,826 $ 4,906,976
Revolving credit facility $ — $ —
Term loans 300,000 650,000
Unsecured notes 4,868,453 4,518,453
5,168,453 5,168,453
29,315 31,390
(30,730) (32,513)
5,167,038 5,167,330
(405,386) (370,087)
$ 4,761,652 $ 4,797,243
$ 11,559,478 $ 9,704,219
Cash and cash equivalents and restricted cash $ 405,386 $ 370,087
Available under revolving credit facility (1) 1,247,944 1,244,768
$ 1,653,330 $ 1,614,855
Principal debt to total market capitalization 44.7 % 53.3 %
Principal debt to total assets, before depreciation 46.6 % 47.0 %
Unencumbered assets to unsecured debt 2.1x 2.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (2) 6.3x 6.9x
Net principal debt to Adjusted EBITDA, trailing twelve months (2) 6.7x 7.0x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 3.8x 3.4x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 3.5x 3.4x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 3.8x 3.4x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 3.5x 3.4x
As of As of
6/30/21 12/31/20
Percentage of total debt: (3)
Fixed 100.0 % 98.1 %
Variable — % 1.9 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 5.2 5.5
Variable — 1.1
Total 5.2 5.4
Fitch Ratings BBB- Stable
Moody's Investors Service Baa3 Stable
Standard & Poor's Ratings Services BBB- Stable
(1) Funds available under the revolving credit facility are reduced by five outstanding letters of credit totaling 2.1 million.
(2) Net principal debt is as of the end of each specified period.
(3) Includes the impact of the Company's interest rate swap agreements.
(4) As of August 2, 2021.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 15
DEBT OBLIGATIONS
--- --- --- --- --- ---
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2021 $ — —
2022 250,000 2.16 %
2023 500,000 3.25 %
2024 800,000 3.73 %
2025 700,000 3.85 %
2026 607,542 4.17 %
2027 400,000 3.90 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
Total Debt Obligations $ 5,168,453 3.70 %
Net unamortized premium 29,315
Deferred financing costs (30,730)
Debt Obligations, Net $ 5,167,038
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Unsecured Term Loans
Term Loan Facility - $300,000 (2) $ 300,000 3.86 % 7/26/24 5.80 %
Unsecured Notes
2022 Brixmor OP Notes (3) 250,000 2.16 % 2/1/22 4.84 %
3.25%, 2023 Brixmor OP Notes 500,000 3.25 % 9/15/23 9.68 %
3.65%, 2024 Brixmor OP Notes 500,000 3.65 % 6/15/24 9.68 %
3.85%, 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 13.54 %
4.13%, 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 11.61 %
7.97%, 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65%, 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.12 %
7.68%, 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.01 %
3.90%, 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.74 %
6.90%, 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.04 %
6.90%, 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.11 %
2.25%, 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 6.77 %
4.13%, 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 14.51 %
7.50%, 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.06 %
4.05%, 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 15.48 %
Total Fixed Rate Unsecured Notes 4,868,453 3.69 % 94.20 %
Total Debt Obligations $ 5,168,453 3.70 % 100.00 %
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective January 2, 2019, the Term Loan Facility - 300,000 is swapped from one-month LIBOR to a fixed, combined rate of 2.611% (plus a spread of 125 basis points) through July 26, 2024.
(3) Effective November 1, 2016, the 2022 Brixmor OP Notes are swapped from three-month LIBOR to a fixed rate of 1.113% (plus a spread of 105 basis points) through July 30, 2021.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 16
COVENANT DISCLOSURE
--- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 6/30/21
I. Aggregate debt test < 65% 47.7 %
Total Debt 5,167,038
Total Assets 10,840,296
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 10,840,296
III. Unencumbered asset ratio > 150% 209.8 %
Total Unencumbered Assets 10,840,296
Unsecured Debt 5,167,038
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 3.6 x 3.8 x
Consolidated EBITDA 712,260 748,178
Annual Debt Service Charge 195,426 195,663
(1) The Company had no secured debt as of June 30, 2021.
(2) For the OP's 2.250%, 2028 Notes and 4.050%, 2030 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on March 2, 2021 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 6/30/21
I. Leverage ratio < 60% 39.8 %
Total Outstanding Indebtedness 5,168,453
Balance Sheet Cash (1) 406,569
Total Asset Value 11,976,129
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 406,569
Total Asset Value 11,976,129
III. Unsecured leverage ratio < 60% 39.8 %
Total Unsecured Indebtedness 5,168,453
Unrestricted Cash (3) 405,327
Unencumbered Asset Value 11,976,129
IV. Fixed charge coverage ratio > 1.5x 3.9 x
Total Net Operating Income 777,890
Capital Expenditure Reserve 10,197
Fixed Charges 194,605
(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 June 30, 2021.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the unsecured credit facility covenant calculations and definitions of capitalized terms please refer to Amendment No. 1 to the Second Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 29, 2020 filed as Exhibit 10.1 to Form 8-K, filed with the Securities and Exchange Commission on May 1, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 17
--- ---
> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended June 30, 2021
ACQUISITIONS
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name MSA Purchase Date Purchase Price GLA / Acres Percent Leased ABR PSF (1) Major Tenants (2)
Three Months Ended March 31, 2021
Land at Ellisville Square (3) St. Louis, MO-IL 1/6/21 $ 1,965 3.3 acres - - -
Outparcel adjacent to Cobblestone Village Jacksonville, FL 2/16/21 1,465 5,040 - - -
Land associated with Westgate Plaza Springfield, MA 3/16/21 190 21.0 acres - - -
$ 3,620 5,040 SF /<br>24.3 acres
Three Months Ended June 30, 2021
Center of Bonita Springs Cape Coral-Fort Myers, FL 4/20/21 $ 48,500 281,394 93.6 % $ 13.38 Publix, Anthony's Ladies Apparel, Bealls Outlet Home Centric, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery
Champlin Marketplace Minneapolis-St. Paul-Bloomington, MN-WI 6/15/21 15,450 91,970 100.0 % 13.41 Cub Foods (United Natural Foods Inc.)
$ 63,950 373,364
TOTAL - SIX MONTHS ENDED JUNE 30, 2021 $ 67,570 378,404 SF /<br>24.3 acres
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.
(3) Brixmor terminated a ground lease and acquired a land parcel.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 19
--- ---
DISPOSITIONS
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
MSA Sale Date Sale Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Charlotte-Concord-Gastonia, NC-SC 1/5/21 $ 7,876 193,513 100.0 % $ 2.81 Walmart Supercenter
Toledo, OH 2/3/21 1,100 3,060 100.0 % 17.97 Wendy's
Houston-The Woodlands-Sugar Land, TX 2/9/21 4,810 42,567 90.9 % 7.49 -
Alexandria, LA 2/12/21 8,600 179,039 71.4 % 7.43 Super 1 Foods, Ollie's Bargain Outlet
Victoria, TX 2/12/21 5,212 51,542 95.1 % 15.02 ALDI, Planet Fitness
Albany, GA 3/24/21 3,348 114,169 80.9 % 6.71 Harveys (Southeastern Grocers), OK Beauty & Fashions Outlet
Dublin, GA 3/29/21 871 3,744 100.0 % N/A McDonald's
Roanoke, VA 3/31/21 1,350 1,668 100.0 % N/A Valvoline
$ 33,167 589,302
Syracuse, NY 4/1/21 $ 3,908 5,000 100.0 % $ 51.40 Starbucks, T-Mobile
Pittsfield, MA 4/1/21 1,846 4,500 100.0 % N/A Chili's
Mount Pleasant, TX 4/6/21 10,100 130,096 100.0 % 7.55 Super 1 Foods, Harbor Freight Tools, PetSense
Des Moines-West Des Moines, IA 4/16/21 1,075 12,000 100.0 % 5.58 UnityPoint Clinic Urgent Care
Manchester-Nashua, NH 5/10/21 8,100 119,097 — % N/A -
Fresno, CA 6/8/21 2,500 6,195 100.0 % 24.21 Buffalo Wild Wings
Odessa, TX 6/9/21 41,900 372,534 100.0 % 14.22 H-E-B, dd's Discounts (Ross), Michaels, Office Depot, Party City, Ross Dress for Less, Target
$ 69,429 649,422
TOTAL - SIX MONTHS ENDED JUNE 30, 2021 $ 102,596 1,238,724
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold.
(5) In addition, on May 21, 2021, Brixmor received 350 to terminate its underlying ground lease rights and corresponding leasehold interest with Chick-fil-A at Kingston Overlook in Knoxville, TN.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 20

.

ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
Property Name MSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2021
1 Coconut Creek Plaza Miami-Fort Lauderdale-West Palm Beach, FL Combine several small shop spaces for a 13K SF Wellmax Medical Center
2 Elk Grove Town Center Chicago-Naperville-Elgin, IL-IN-WI Combine several small shop spaces for a 10K SF Dollar Tree and a 3K SF Athletico Physical Therapy
3 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Combine several small shop spaces for a 14K SF La-Z-Boy Furniture
4 Garner Towne Square Raleigh, NC Remerchandise former grocer with a 30K SF Lidl, an 18K SF junior anchor and additional shop space
5 Warminster Towne Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former AC Moore with a 23K SF Sportsman's Warehouse
6 Belfair Towne Village Hilton Head Island-Bluffton-Beaufort, SC Remerchandise former Steinmart with a 33K SF K1 Speed
In Process Projects (2)
7 Springdale - Phase III Mobile, AL Remerchandise former Burlington Stores (relocated within center) with a 46K SF Conn's HomePlus, a 27K SF Crunch fitness and additional retailers
8 Aurora Plaza Denver-Aurora-Lakewood, CO Combine former Gen-X and Techno Rescue for a 48K SF Chuze Fitness
9 Annex of Arlington Chicago-Naperville-Elgin, IL-IN-WI Relocate and expand Binny’s Beverage Depot to 34K SF, replacing a former hhgregg and remerchandise former Binny’s Beverage Depot with additional retailers
10 Market Centre Elkhart-Goshen, IN Remerchandise former Sam's Club with a 40K SF Burlington Stores and a 23K SF Ross Dress for Less
11 Lynn Marketplace Boston-Cambridge-Newton, MA-NH Remerchandise former Shaw’s with a 23K SF Stop And Compare grocer, a 20K SF Crunch Fitness and a 3K SF small shop space
12 Hampton Village Centre Detroit-Warren-Dearborn, MI Remerchandise former Best Buy with a 41K SF grocer and a 5K SF My Salon Suites
13 Hamilton Plaza Trenton-Princeton, NJ Remerchandise former Kmart with a 21K SF Grocery Outlet, a 16K SF Rothman Orthopaedic Institute, a 10K SF Dollar Tree and additional retailers
14 Wendover Place Greensboro-High Point, NC Remerchandise former Pier 1 with a 10K SF Ulta
15 College Plaza New York-Newark-Jersey City, NY-NJ-PA Remerchandise former Bob’s Stores with a 31K SF Wren Kitchens
16 Suffolk Plaza New York-Newark-Jersey City, NY-NJ-PA Remerchandise former A&P with a 43K SF grocer and a 14K SF Five Below
17 Florence Plaza - Florence Square - Project I Cincinnati, OH-KY-IN Rightsize existing T.J.Maxx / HomeGoods combo store to 48K SF to accommodate an additional junior anchor
18 Crossroads Centre - Pasadena Houston-The Woodlands-Sugar Land, TX Remerchandise and expand former Sears Outlet with a 34K SF LA Fitness and additional small shop space
19 Dickson City Crossings Scranton--Wilkes-Barre, PA Remerchandise former Dick's Sporting Goods with a 41K SF Burlington Stores and an additional junior anchor
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 19 $ 86,700 $ 50,500 8% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During The Three Months Ended June 30, 2021
1 Gateway Plaza - Vallejo Vallejo, CA Remerchandise former Toys"R"Us with a 45K SF LA Fitness
2 North Dover Center Dover, DE Remerchandise former Toys"R"Us with a 33K SF Bob's Discount Furniture
3 Coastal Way - Coastal Landing Tampa-St. Petersburg-Clearwater, FL Remerchandise former hhgregg with a 22K SF HomeGoods
4 Willow Springs Plaza Manchester-Nashua, NH Remerchandise former JCPenney with a 27K SF Patel Brothers grocer
5 Southland Shopping Center Cleveland-Elyria, OH Remerchandise former Aspire Fitness with a 29K SF UFC Gym
6 Northtown Plaza Houston-The Woodlands-Sugar Land, TX Remerchandise remaining 23K SF portion of the former Fallas Paredes with a Crazy Boss Big Discount Store
Projects Stabilized During The Three Months Ended March 31, 2021
7 Marketplace @ 42 Minneapolis-St. Paul-Bloomington, MN-WI Remerchandise and expand former Famous Footwear with a 10K SF Dollar Tree
8 Sun Ray Shopping Center Minneapolis-St. Paul-Bloomington, MN-WI Combine several small shop spaces for a 19K SF BioLife Plasma Services
9 Valley Crossing Hickory-Lenoir-Morganton, NC Remerchandise former Fallas with a 17K SF American Freight Furniture
10 Warminster Towne Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former Modell's Sporting Goods with a 17K SF Harbor Freight Tools
Number of Projects Net Project<br><br>Costs (1) NOI Yield (1)
Total Stabilized 10 $ 14,400 22 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) As a result of evolving project plans, Windvale Center was removed from the Company's in process projects.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's anchor space repositioning projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 21
--- ---
OUTPARCEL DEVELOPMENT SUMMARY
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross
Stabilization Estimated Costs Expected
Property Name MSA Project Description Quarter Costs (1) to Date NOI Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2021
Plaza Rio Vista Riverside-San Bernardino-Ontario, CA Construction of a 4K SF Quick Quack Car Wash Dec-22 $ 750 $ 100 16 %
In Process Projects
Hamilton Plaza Trenton-Princeton, NJ Construction of a 6K SF multi-tenant outparcel, including a 4K SF American Family Care and a 2K SF Starbucks Sep-21 2,700 2,600 9 %
Bethel Park Plaza Pittsburgh, PA Construction of a 4K SF Chase Bank Sep-21 600 300 13 %
Watson Glen Shopping Center Nashville-Davidson--Murfreesboro--Franklin, TN Construction of a 2K SF Chase Bank Sep-21 100 50 27 %
Market Centre Elkhart-Goshen, IN Construction of a 10K SF multi-tenant outparcel, including a 5K SF Panera, a 2K SF GNC and a 1K SF Cricket Wireless Dec-21 3,050 2,650 9 %
Westgate Plaza Springfield, MA Construction of a 20K SF Aldi endcap Dec-21 1,350 500 9 %
Whitemarsh Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Construction of a 9K SF multi-tenant outparcel, including a 3K SF American Family Care and a 3K SF Orangetheory Fitness Dec-21 4,750 4,300 9 %
The Commons at Wolfcreek Memphis, TN-MS-AR Relocation of Chick-fil-A to an existing 4K SF outparcel to accommodate construction of a multi-tenant outparcel including a 4K SF Aspen Dental and a 3K SF Sleep Number Dec-21 2,800 1,650 21 %
Plaza by the Sea Los Angeles-Long Beach-Anaheim, CA Construction of a 4K SF multi-tenant outparcel, including a 2K SF Plant Power Fast Food and a 2K SF Handel's Homemade Ice Cream Mar-22 2,900 350 7 %
Capitol Shopping Center Concord, NH Construction of a 6K SF 110 Grill Mar-22 1,150 300 9 %
County Line Plaza (2) Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Construction of a 3K SF American Family Care and a 2K SF Chipotle Mar-22 400 1,450 13 %
Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 5K SF multi-tenant outparcel, including a 3K SF Shake Shack Mar-22 3,100 2,700 14 %
Tri-City Plaza Boston-Cambridge-Newton, MA-NH Construction of a 4K SF Aspen Dental Jun-22 1,650 450 9 %
Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center) Jun-22 4,750 750 9 %
Rose Pavilion San Francisco-Oakland-Berkeley, CA Construction of a 2K SF Taco Bell Sep-22 300 100 20 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 30,350 $ 18,250 11 %
Stabilization Net Project
Property Name MSA Project Description Quarter Costs (1,3) NOI Yield (1,3)
Projects Stabilized During The Three Months Ended June 30, 2021
Speedway Super Center (4) Indianapolis-Carmel-Anderson, IN Construction of a 4K SF Bank of America Jun-21 $ 300 49 %
West Loop Shopping Center Manhattan, KS Construction of a 4K SF Tommy's Car Wash and 1K SF Scooter's Coffee Jun-21 150 29 %
Brentwood Plaza Cincinnati, OH-KY-IN Construction of a 2K SF Bank of America Jun-21 100 85 %
Projects Stabilized During The Three Months Ended March 31, 2021
Arapahoe Crossing Denver-Aurora-Lakewood, CO Construction of a 4K SF Bank of America Mar-21 400 49 %
Westwind Plaza Minneapolis-St. Paul-Bloomington, MN-WI Construction of a 4K SF Chase Bank Mar-21 1,050 14 %
Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Construction of a 5K SF multi-tenant outparcel, including a 3K SF Shake Shack and a 2K SF Chipotle Mar-21 4,400 8 %
Brice Park Columbus, OH Construction of an 11K SF Sheetz Mar-21 100 161 %
Park Hills Plaza Altoona, PA Construction of a 10K SF multi-tenant outparcel, including a 3K SF Sleep Number, a 2K SF Kay Jewelers, a 2K SF Starbucks, a 1K SF Lettuce Bowl Café and a 1K SF Sports Clips Mar-21 3,900 9 %
Tuckernuck Square Richmond, VA Construction of a 2K SF Starbucks Mar-21 1,450 8 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 11,850 13 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 1.8 million of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
(4) Project commenced and stabilized during the three months ended June 30, 2021.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's outparcel development projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, 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, 2020.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 22
REDEVELOPMENT SUMMARY
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name MSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
IN PROCESS REDEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2021
1 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, sidewalk and landscaping improvements 16 Dec-22 $ 6,350 $ 200 9 %
2 Shops at Palm Lakes Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage and landscaping, and new signage and lighting 27 Sep-24 33,700 12,050 7 %
In Process Projects
3 Western Hills Plaza Cincinnati, OH-KY-IN Demolish former Sears to accommodate construction of a 15K SF Old Navy, an 11K SF Ulta, a 4K SF Spectrum and additional retailers; construction of a multi-tenant outparcel building; and shopping center upgrades including façade renovations, new pylon signage, landscaping and parking enhancements 33 Sep-21 14,200 11,200 11 %
4 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Redevelopment of former Kmart with a 40K SF Chuze Fitness, a 25K SF Burlington Stores, and additional retailers; and shopping center upgrades including façade renovations and new pylon signage 9 Dec-21 16,800 15,500 8 %
5 Freedom Square Naples-Marco Island, FL Remerchandise former Kmart with a 35K SF Burlington Stores, a 30K SF HomeGoods, a 20K SF Planet Fitness and additional small shop space; shopping center upgrades including façade renovations and landscaping 22 Dec-21 11,500 7,000 11 %
6 Laurel Square New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Pathmark to accommodate a 30K SF Corrado’s Market and additional retail space; combine small shop spaces for a 10K SF Dollar Tree; upgrade and remerchandise existing outparcel building; and shopping center upgrades including façade renovations, parking lot enhancements and pylon sign upgrades 31 Dec-21 12,550 5,000 10 %
7 Village at Newtown Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Expansion and renovation of center including 60K SF of new construction, including a 10K SF Ulta; remerchandise existing small shop retail; and shopping center upgrades including façade, common areas and infrastructure enhancements 30 Dec-21 39,150 35,850 9 %
8 Venice Village North Port-Sarasota-Bradenton, FL Demolish and rebuild 30-year old 42K SF Publix with a 48K SF Publix prototype; right-size small shop GLA by 3K SF; shopping center upgrades include façade, landscaping and parking enhancements; and sustainable features including LED lighting 18 Mar-22 9,450 2,200 10 %
9 Jester Village Houston-The Woodlands-Sugar Land, TX Recapture and redevelopment of former H-E-B and adjacent junior anchor vacancy with a 37K SF fitness use tenant and additional retailers; and shopping center upgrades including façade and parking lot renovations 5 Mar-22 9,400 7,450 9 %
10 Tinley Park Plaza (2) Chicago-Naperville-Elgin, IL-IN-WI Demolish 80K SF of structurally obsolescent anchor space to accommodate construction of a 38K SF grocer, a 25K SF Burlington Stores and additional retailers; renovate and remerchandise 13K SF of retail space; and shopping center upgrades including façade and parking lot renovations, and new pylon signs, landscaping and irrigation 22 Jun-22 20,350 11,700 13 %
11 Fox Run Shopping Center Washington-Arlington-Alexandria, DC-VA-MD-WV Redevelopment of former Kmart with a 19K SF Planet Fitness, an 18K SF additional junior anchor, a 10K SF Ulta, a 9K SF Five Below and additional retailers; construction of two stand-alone outparcel buildings and one multi-tenant building; and shopping center upgrades including new pylon signage, landscaping and parking enhancements 30 Jun-22 15,600 10,250 7 %
12 Wynnewood Village - Phase III Dallas-Fort Worth-Arlington, TX Relocation and expansion of existing Gambro Healthcare to 14K SF and Mi Doctor to 12K SF; remerchandise existing space with a 15K SF Kid's Empire and a 12K SF Five Below; and shopping center upgrades including façade renovations and parking enhancements 65 Jun-22 7,450 3,800 6 %
13 Braes Heights Houston-The Woodlands-Sugar Land, TX Expansion of existing My Salon Suite to 14K SF; remerchandise shopping center with new relevant retailers; shopping center upgrades including full center façade renovation, parking reconfiguration, pylon sign improvements and new landscaping 6 Jun-22 8,650 6,150 8 %
14 Village at Mira Mesa - Phase II San Diego-Chula Vista-Carlsbad, CA Raze existing Firestone and 16K SF of outparcel buildings to accommodate construction of three retail and restaurant outparcels totaling 24K SF, including a 4K SF Mo-Mo-Paradise, a 4K SF Time Warner, a 2K SF Sunmerry Bakery and additional small shop space 36 Sep-22 12,700 7,050 7 %
15 Stewart Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment and rightsize existing Burlington Stores to 64K SF to accommodate addition of a 75K SF Floor & Décor; remerchandise additional small shop space with new relevant retailers; and shopping center upgrades including façade renovations, parking lot and pylon sign enhancements 13 Sep-22 15,150 6,050 10 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 23
--- ---
REDEVELOPMENT SUMMARY
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name MSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
16 Westminster City Center Denver-Aurora-Lakewood, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies"R"Us location; backfill of former Golf Galaxy with an entertainment user; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; redevelopment of former Gordmans with junior anchor retailers; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel 27 Dec-22 12,250 5,300 9 %
17 Speedway Super Center - Phase II Indianapolis-Carmel-Anderson, IN Redevelopment and rightsize existing Kohl's to 60K SF to accommodate additional retailers; combine small shop spaces for a 12K SF Department of Motor Vehicles; and shopping center upgrades including façade renovations and parking lot and lighting enhancements 66 Dec-22 7,700 3,650 10 %
18 Old Bridge Gateway New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Modell's Sporting Goods and adjacent retail space with a 38K SF grocer; lease-up of additional small shop space; and shopping center upgrades including façade renovations, landscaping and parking lot reconfiguration 23 Dec-22 10,850 5,950 7 %
19 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-22 2,400 1,200 12 %
20 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 lot reconfiguration and common area improvements including addition of outdoor dining patios and gathering areas 10 Sep-23 10,400 7,250 10 %
21 Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise existing small shop retail with relevant retailers including an 11K SF Hampton Social and a 4K SF Hopdoddy Burger Bar; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas 17 Dec-23 32,700 23,150 8 %
22 Wynnewood Village - Phase IV Dallas-Fort Worth-Arlington, TX Ground-up construction of a large-format retail use 65 Dec-23 6,500 1,250 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 315,800 $ 189,200 9 %
Property Stabilization Net Project NOI
Property Name MSA Project Description Acreage Quarter Costs (1,3) Yield (1,3)
STABILIZED REDEVELOPMENTS
Projects Stabilized During The Three Months Ended June 30, 2021
1 Roseville Center Minneapolis-St. Paul-Bloomington, MN-WI Demolish 26K SF of retail space to accommodate a 25K SF ALDI; reconfigure remaining underutilized small shop space; and shopping center upgrades including façade renovations, parking lot reconfiguration and common area enhancements 6 Jun-21 $ 6,800 9 %
Projects Stabilized During The Three Months Ended March 31, 2021
2 Collegetown Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of former Kmart with a 40K SF Big Lots, a 25K SF LIDL and a 22K SF Ross Dress for Less; construction of multiple outparcel buildings; and shopping center upgrades including façade renovations, parking reconfiguration, and pylon sign and lighting enhancements 23 Mar-21 15,550 8 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 22,350 8 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Expected NOI yield includes amounts anticipated to be received as part of an executed tax increment financing (TIF) agreement, which may not fully materialize until after the expected stabilization date.
(3) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's redevelopment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, 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, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 24
--- ---
FUTURE REDEVELOPMENT OPPORTUNITIES
--- --- --- --- ---
Property Name MSA Project Description
MAJOR REDEVELOPMENTS
1 University Mall Sacramento--Roseville--Arden-Arcade, CA Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
2 Village at Mira Mesa - Phase III San Diego-Carlsbad, CA Redevelopment of existing anchor space for multiple retailers and potential residential rental component
3 Superior Marketplace Boulder, CO Redevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family or hospitality users
4 Mall at 163rd Street Miami-Fort Lauderdale-West Palm Beach, FL Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
5 Pointe Orlando - Phase II Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
6 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing anchor space, adjacent retail space and potential densification of site with multiple retail and restaurant uses
7 Arborland Center Ann Arbor, MI Redevelopment and repositioning of shopping center, densification of site
8 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
9 Kings Park Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
10 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
11 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
12 Plymouth Square Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and remerchandising of shopping center
13 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
14 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
15 Preston Park Village Dallas-Fort Worth-Arlington, TX Repurpose, assemble and reposition for national retail merchandise mix, densification of site, enhancement of common areas
16 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Springdale - Phase IV Mobile, AL Densification of site, including a multi-tenant outparcel development
2 Venetian Isle Shopping Center Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
3 East Port Plaza Port St. Lucie, FL Redevelopment of existing anchor space for new anchor prototype
4 Mansell Crossing Atlanta-Sandy Springs-Roswell, GA Densification of site, including multi-tenant outparcel development
5 The Village at Mableton Atlanta-Sandy Springs-Roswell, GA Redevelopment of existing anchor space for multiple retailers
6 Northside Dalton, GA Anchor repositioning which may include site densification with addition of outparcel pad development
7 WaterTower Plaza Worcester, MA-CT Reposition of former anchor with major grocery tenant and spec space
8 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
9 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Remerchandise with relevant uses, façade renovation and enhancement of common areas
10 Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA Reposition of former anchor outparcel development and peripheral façade renovation
11 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
12 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
13 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of anchor and façade renovation on remaining center
14 Hillcrest Market Place Spartanburg, SC Redevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas
15 Kessler Plaza Dallas-Fort Worth-Arlington, TX Remerchandise former discount grocer with multiple retailers and potential multiple use redevelopment
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend or defer the expected opportunity or timing of execution. While the Company believes that these projects are likely to become active in the
near-term, it should be noted that this list will fluctuate as projects become active, 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, 2020.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 25
--- ---
> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended June 30, 2021
PORTFOLIO OVERVIEW
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
6/30/21 3/31/21 12/31/20 9/30/20 6/30/20
Number of properties 389 389 393 395 398
GLA 67,982,996 68,278,376 68,852,305 69,391,717 69,942,365
Percent billed 88.1% 87.8% 87.8% 88.0% 88.9%
Percent leased 91.1% 90.8% 90.7% 91.2% 92.1%
TOTAL ≥ 10,000 SF 94.0% 93.8% 93.8% 94.4% 95.1%
TOTAL < 10,000 SF 84.8% 84.2% 83.8% 84.3% 85.2%
ABR $ 880,335 $ 875,388 $ 875,925 $ 882,718 $ 892,337
ABR PSF $ 15.12 $ 15.05 $ 14.93 $ 14.86 $ 14.83
PORTFOLIO BY UNIT SIZE AS OF 6/30/21
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR ABR PSF
≥ 35,000 SF 436 24,840,029 36.5% 93.6% 95.4% $ 221,185 $ 10.52
20,000 - 34,999 SF 508 13,353,590 19.6% 89.3% 93.1% 136,398 11.09
10,000 - 19,999 SF 629 8,626,828 12.7% 87.6% 91.2% 110,773 14.48
5,000 - 9,999 SF 1,133 7,801,463 11.5% 82.3% 85.6% 117,956 18.50
< 5,000 SF 6,305 13,361,086 19.7% 80.3% 84.2% 294,023 27.00
TOTAL 9,011 67,982,996 100.0% 88.1% 91.1% $ 880,335 $ 15.12
TOTAL ≥ 10,000 SF 1,573 46,820,447 68.8% 91.3% 94.0% $ 468,356 $ 11.43
TOTAL < 10,000 SF 7,438 21,162,549 31.2% 81.1% 84.8% 411,979 23.86
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 27
--- ---
PORTFOLIO COMPOSITION
---
ESSENTIAL, HYBRID AND OTHER RETAIL / SERVICES
--- ---
Percent of Portfolio Leased GLA

chart-504be4f7427d4494a52a.jpg

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

chart-de47f5138af143eb962a.jpg

ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA

chart-d6346e73e86c43bfb99a.jpg

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

Percent of Portfolio ABR

chart-72c490e25af84b4cae1a.jpg

Percent of Portfolio ABR

chart-db2a74de24ac447f9b1a.jpg

Percent of Portfolio ABR

chart-6f5fc598eb1f4541a8fa.jpg

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

•97.5% of 2Q21 billed base rent collected for National / Regional tenants and 92.5% of 2Q21 billed base rent collected for Local tenants as of 7/27/21

•97.6% of 2Q21 billed base rent collected for Anchor tenants and 95.2% of 2Q21 billed base rent collected for Small Shop tenants as of 7/27/21

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 28

\

MERCHANDISE MIX COMPOSITION
Dollars in thousands
Essential = 34% of ABR Hybrid = 25% of ABR Other Retail / Services = 41% of ABR
--- --- ---
Essential / Hybrid = 59% of ABR ~70% of shopping centers are grocery-anchored
--- ---
As of 7/27/21
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Merchandise Mix ABR Percent of ABR Percent of 2Q20 Billed Base Rent Collected Percent of 3Q20 Billed Base Rent Collected Percent of 4Q20 Billed Base Rent Collected Percent of 1Q21 Billed Base Rent Collected Percent of 2Q21 Billed Base Rent Collected
ESSENTIAL $ 295,215 34 % 99.4 % 99.2 % 99.5 % 99.4 % 99.3 %
Grocery / Pharmacy 139,007 16 % 99.9 % 99.7 % 99.9 % 99.8 % 99.7 %
General Merchandise (Discount / Dollar) 33,660 4 % 99.2 % 99.4 % 99.6 % 99.6 % 99.6 %
Financial services 24,674 3 % 99.9 % 99.5 % 99.4 % 99.7 % 99.9 %
Pet 23,735 3 % 99.5 % 99.6 % 99.5 % 99.3 % 99.0 %
Medical (essential) 22,091 2 % 99.1 % 98.8 % 99.3 % 99.2 % 98.8 %
Home improvement 14,941 2 % 98.9 % 99.8 % 99.7 % 100.0 % 99.8 %
Mail / Shipping and Other services 14,687 2 % 97.2 % 96.0 % 96.3 % 96.8 % 97.1 %
Other Essential 12,991 1 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Auto 9,429 1 % 99.9 % 99.9 % 99.9 % 99.9 % 98.8 %
HYBRID $ 220,373 25 % 90.7 % 92.3 % 93.5 % 94.2 % 95.4 %
Restaurants 129,356 15 % 86.9 % 87.8 % 89.8 % 90.7 % 93.1 %
Electronics & Appliance 27,101 3 % 97.4 % 98.6 % 98.0 % 98.8 % 98.3 %
Medical (hybrid) 23,532 2 % 97.1 % 97.4 % 98.6 % 99.5 % 99.4 %
Hobby & Crafts 17,378 2 % 95.0 % 99.2 % 99.3 % 98.9 % 99.2 %
Liquor 8,752 1 % 99.8 % 99.8 % 100.0 % 100.0 % 99.7 %
Other Hybrid Services 8,129 1 % 98.7 % 98.7 % 99.4 % 99.2 % 98.9 %
Other Hybrid Retail 6,125 1 % 77.8 % 97.9 % 97.8 % 96.1 % 95.2 %
OTHER RETAIL / SERVICES $ 364,747 41 % 81.3 % 89.9 % 91.3 % 92.0 % 94.8 %
Other Services 61,136 7 % 88.0 % 91.8 % 92.5 % 93.0 % 94.9 %
Off-Price Apparel 59,225 7 % 94.6 % 98.7 % 99.5 % 99.5 % 99.8 %
Fitness / Sports 48,176 5 % 50.0 % 73.0 % 78.3 % 85.7 % 89.7 %
Value Apparel, Shoes, Accessories 43,610 5 % 75.4 % 93.5 % 93.5 % 94.4 % 96.4 %
Home Décor 40,299 4 % 86.1 % 95.9 % 97.8 % 98.6 % 98.3 %
Other Retail 32,820 4 % 90.8 % 97.1 % 99.4 % 98.5 % 99.7 %
General Merchandise (Department, Gift, etc.) 32,579 4 % 92.9 % 94.8 % 96.6 % 96.4 % 97.2 %
Health & Beauty 24,734 3 % 93.7 % 95.6 % 95.1 % 96.2 % 97.2 %
Entertainment 22,168 2 % 42.8 % 48.6 % 49.7 % 42.1 % 67.9 %
TOTAL (1) $ 880,335 100 % 89.8 % 93.7 % 94.6 % 95.1 % 96.5 %
Rent deferrals and abatements (1) 6.2 % 2.9 % 2.7 % 2.2 % 1.0 %
Total addressed billed base rent (1) 96.0 % 96.6 % 97.3 % 97.3 % 97.5 %
(1) As of July 27, 2021, 92.7% of 2Q20-4Q20 billed base rent had been collected and 3.9% had been addressed through rent deferrals, net of collections, and abatements, resulting in 96.6% total addressed billed base rent.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 29
--- ---
TOP FORTY RETAILERS RANKED BY ABR
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA Percent of GLA ABR Percent of ABR ABR PSF
The TJX Companies, Inc. (2) 86 2,616,139 3.8 % $ 30,832 3.5 % $ 11.79
The Kroger Co. (3) 48 3,206,253 4.7 % 23,850 2.7 % 7.44
Dollar Tree Stores, Inc. (4) 126 1,462,410 2.2 % 16,196 1.8 % 11.07
Burlington Stores, Inc. 31 1,514,189 2.2 % 16,101 1.8 % 10.63
Publix Super Markets, Inc. 30 1,339,750 2.0 % 13,554 1.5 % 10.12
Ross Stores, Inc (5) 36 959,060 1.4 % 11,742 1.3 % 12.24
Ahold Delhaize (6) 21 1,101,800 1.6 % 11,515 1.3 % 10.45
L.A Fitness International, LLC 15 618,290 0.9 % 11,451 1.3 % 18.52
Albertson's Companies, Inc (7) 13 740,399 1.1 % 8,977 1.0 % 12.12
PetSmart, Inc. 26 587,388 0.9 % 8,765 1.0 % 14.92
432 14,145,678 20.8 % 152,983 17.2 % 10.81
Big Lots, Inc. 35 1,150,126 1.7 % 8,058 0.9 % 7.01
PETCO Animal Supplies, Inc. (8) 32 437,078 0.6 % 7,717 0.9 % 17.66
Ulta Beauty, Inc. 29 325,331 0.5 % 7,445 0.8 % 22.88
Kohl's Corporation 12 914,585 1.3 % 7,253 0.8 % 7.93
Party City Holdco Inc. 32 464,729 0.7 % 6,777 0.8 % 14.58
The Michaels Companies, Inc. 23 522,247 0.8 % 6,543 0.7 % 12.53
Bed Bath & Beyond, Inc. (9) 23 561,594 0.8 % 6,274 0.7 % 11.17
Staples, Inc. 24 496,575 0.7 % 6,201 0.7 % 12.49
Five Below, Inc. 35 306,919 0.5 % 5,834 0.7 % 19.01
Office Depot, Inc. (10) 22 482,986 0.7 % 5,579 0.6 % 11.55
699 19,807,848 29.1 % 220,664 24.8 % 11.14
Best Buy Co., Inc. 11 437,660 0.6 % 5,275 0.6 % 12.05
DICK's Sporting Goods, Inc. (11) 10 384,141 0.6 % 5,126 0.6 % 13.34
CVS Health 15 222,799 0.3 % 4,900 0.6 % 21.99
JOANN Stores, Inc. 21 415,255 0.6 % 4,775 0.5 % 11.50
Hobby Lobby Stores, Inc. 12 671,397 1.0 % 4,647 0.5 % 6.92
Wal-Mart Stores, Inc. (12) 11 1,194,064 1.8 % 4,552 0.5 % 3.81
JP Morgan Chase & Co. 29 104,843 0.2 % 4,355 0.5 % 41.54
Designer Brands Inc. (DSW) 14 268,691 0.4 % 4,331 0.5 % 16.12
The Home Depot, Inc. 5 428,868 0.6 % 4,136 0.5 % 9.64
Gap, Inc. (13) 13 215,422 0.3 % 4,125 0.5 % 19.15
Harbor Freight Tools 23 398,273 0.6 % 4,004 0.5 % 10.05
Sally Beauty Holdings, Inc. (14) 90 161,890 0.2 % 3,675 0.4 % 22.70
Wakefern Food Corporation (15) 5 267,832 0.4 % 3,573 0.4 % 13.34
AMC Entertainment 4 200,955 0.3 % 3,541 0.4 % 17.62
Rainbow Shops 34 252,722 0.4 % 3,418 0.4 % 13.52
Bank of America, NA 24 84,663 0.1 % 3,339 0.4 % 39.44
Southeastern Grocers (16) 9 438,360 0.6 % 3,312 0.4 % 7.56
Regal Entertainment Group (17) 3 156,549 0.2 % 3,223 0.4 % 20.59
Giant Eagle, Inc 3 242,946 0.4 % 3,164 0.4 % 13.02
Mattress Firm, Inc. 24 151,124 0.2 % 3,125 0.4 % 20.68
TOTAL TOP 40 RETAILERS 1,059 26,506,302 38.9 % $ 301,260 34.2 % $ 11.37
(1) Includes only locations which are owned or guaranteed by the parent company. (7) Includes Vons-3, Acme-2, Jewel-Osco-2, Tom Thumb-2, Albertsons-1, El Rancho (sublease)-1, Shop & Save Market-1 and Star Market-1. (13) Includes Old Navy-11 and Gap Factory-2.
(2) Includes T.J. Maxx-35, Marshalls-34, HomeGoods-15, HomeSense-1 and Sierra Trading Post-1. (14) Includes Sally Beauty-82, Cosmoprof-7 and Macon Beauty Systems-1.
(3) Includes Kroger-36, King Soopers-4, Harris Teeter-2, Ralphs-2, Dillons-1, (8) Includes PETCO-31 and Unleashed-1. (15) Includes ShopRite-3 and PriceRite-2.
Food 4 Less-1, Pay Less-1 and Pick 'N Save-1. (9) Includes Bed Bath & Beyond-14, Harmon Face Values-4, Cost Plus World Market (sublease)-2, (16) Includes Winn-Dixie-6, BI-LO-1, Fresco y Más-1 and Harveys-1.
(4) Includes Dollar Tree-111, Family Dollar-14 and Deal-1. buybuy Baby-2, and Christmas Tree Shops (sublease)-1. (17) Includes Regal Cinemas-2 and United Artist Theatres-1.
(5) Includes Ross Dress for Less-32 and dd's Discounts-4. (10) Includes Office Depot-11 and OfficeMax-11.
(6) Includes Giant Food-6, Super Stop & Shop-6, Food Lion-5, Bottom Dollar Food-1, Hannaford-1, (11) Includes DICK'S Sporting Goods-6 and Golf Galaxy-4.
Stop & Shop-1, and Tops Market-1. (12) Includes Supercenters-7, Discount Stores-2, and Walmart Neighborhood Market-2.
Excludes 4 leases that are signed but not commenced and subject to non-disclosure agreements with a retailer aggregating 161,083 SF and 2.8 million of ABR. In combination with commenced leases, the retailer's total GLA and ABR is 243,761 SF and 4.8 million, respectively

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 30
NEW & RENEWAL LEASE SUMMARY
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 6/30/21 396 2,275,255 $ 37,424 $ 16.45 $ 4.75 $ 2.06 6.1 304 1,893,136 $ 15.89 $ 14.45 10.0 %
Three months ended 3/31/21 392 2,130,048 35,558 16.69 4.59 1.60 5.6 309 1,717,603 16.94 15.88 6.7 %
Three months ended 12/31/20 346 2,213,791 31,175 14.08 4.28 1.16 5.4 274 1,905,747 13.76 12.81 7.4 %
Three months ended 9/30/20 418 3,155,433 44,809 14.20 2.55 1.08 5.7 357 2,628,856 13.96 13.16 6.1 %
TOTAL - TWELVE MONTHS ENDED 6/30/21 1,552 9,774,527 $ 148,965 $ 15.24 $ 3.90 $ 1.44 5.7 1,244 8,145,342 $ 14.99 $ 13.95 7.5 %
NEW & RENEWAL LEASES ONLY
Three months ended 6/30/21 361 1,566,061 $ 30,041 $ 19.18 $ 6.91 $ 2.99 6.5 269 1,183,942 $ 19.17 $ 17.32 10.7 %
Three months ended 3/31/21 355 1,409,570 26,460 18.77 6.94 2.42 6.0 272 997,125 20.05 18.73 7.0 %
Three months ended 12/31/20 298 1,363,267 22,466 16.48 6.95 1.88 5.6 226 1,055,223 16.60 15.37 8.0 %
Three months ended 9/30/20 368 2,152,872 33,432 15.53 3.71 1.58 6.1 307 1,626,295 15.57 14.73 5.7 %
TOTAL - TWELVE MONTHS ENDED 6/30/21 1,382 6,491,770 $ 112,399 $ 17.31 $ 5.86 $ 2.17 6.1 1,074 4,862,585 $ 17.59 $ 16.32 7.8 %
NEW LEASES
Three months ended 6/30/21 163 700,175 $ 13,639 $ 19.48 $ 14.44 $ 6.45 9.3 75 328,891 $ 19.93 $ 16.64 19.8 %
Three months ended 3/31/21 140 654,505 11,164 17.06 14.37 5.16 8.7 60 252,511 19.18 15.95 20.3 %
Three months ended 12/31/20 138 560,349 9,709 17.33 15.79 4.54 8.0 67 258,887 18.68 15.33 21.9 %
Three months ended 9/30/20 103 683,517 11,083 16.22 10.05 4.94 9.7 46 178,742 18.60 16.30 14.1 %
TOTAL - TWELVE MONTHS ENDED 6/30/21 544 2,598,546 $ 45,595 $ 17.55 $ 13.56 $ 5.32 9.0 248 1,019,031 $ 19.19 $ 16.08 19.3 %
RENEWAL LEASES
Three months ended 6/30/21 198 865,886 $ 16,401 $ 18.94 $ 0.81 $ 0.20 4.3 194 855,051 $ 18.88 $ 17.59 7.3 %
Three months ended 3/31/21 215 755,065 15,297 20.26 0.50 0.05 3.6 212 744,614 20.34 19.67 3.4 %
Three months ended 12/31/20 160 802,918 12,757 15.89 0.78 0.02 3.9 159 796,336 15.92 15.38 3.5 %
Three months ended 9/30/20 265 1,469,355 22,349 15.21 0.76 0.01 4.4 261 1,447,553 15.19 14.54 4.5 %
TOTAL - TWELVE MONTHS ENDED 6/30/21 838 3,893,224 $ 66,804 $ 17.16 $ 0.72 $ 0.06 4.1 826 3,843,554 $ 17.16 $ 16.38 4.8 %
OPTION LEASES
Three months ended 6/30/21 35 709,194 $ 7,383 $ 10.41 $ — $ — 5.0 35 709,194 $ 10.41 $ 9.64 8.0 %
Three months ended 3/31/21 37 720,478 9,097 12.63 — — 5.0 37 720,478 12.63 11.93 5.9 %
Three months ended 12/31/20 48 850,524 8,709 10.24 — — 4.9 48 850,524 10.24 9.64 6.2 %
Three months ended 9/30/20 50 1,002,561 11,376 11.35 0.07 — 5.0 50 1,002,561 11.35 10.60 7.1 %
TOTAL - TWELVE MONTHS ENDED 6/30/21 170 3,282,757 $ 36,566 $ 11.14 $ 0.02 $ — 5.0 170 3,282,757 $ 11.14 $ 10.44 6.7 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 6/30/21 Twelve Months Ended 6/30/21
% of Leases % of GLA % of ABR New ABR PSF Rent Spread (1) % of Leases % of GLA % of ABR New ABR PSF Rent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases 12 % 58 % 41 % $ 11.59 6.4 % 14 % 62 % 45 % $ 11.02 5.4 %
New & Renewal Leases Only 9 % 44 % 33 % 14.27 6.3 % 10 % 48 % 34 % 12.19 4.7 %
New Leases 10 % 43 % 32 % 14.42 10.3 % 11 % 51 % 37 % 12.60 17.2 %
Renewal Leases 8 % 45 % 34 % 14.16 4.9 % 9 % 46 % 32 % 11.88 1.8 %
Option Leases 49 % 89 % 74 % 8.65 6.7 % 50 % 90 % 79 % 9.79 6.0 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 88 % 42 % 59 % $ 23.20 12.9 % 86 % 38 % 55 % $ 22.11 9.2 %
New & Renewal Leases Only 91 % 56 % 67 % 23.08 13.0 % 90 % 52 % 66 % 22.01 9.2 %
New Leases 90 % 57 % 68 % 23.27 24.6 % 89 % 49 % 63 % 22.69 20.4 %
Renewal Leases 92 % 55 % 66 % 22.92 8.7 % 91 % 54 % 68 % 21.60 6.2 %
Option Leases 51 % 11 % 26 % 24.55 12.0 % 50 % 10 % 21 % 23.19 9.7 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 31
--- ---
NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
--- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
NEW LEASE NET EFFECTIVE RENT
Twelve Months Ended Three Months Ended
6/30/21 6/30/21 3/31/21 12/31/20 6/30/20
NEW LEASES
Weighted average over lease term:
Base rent $ 18.82 $ 21.04 $ 18.15 18.64 $ 14.70
Tenant improvements and allowances (1.71) (1.80) (1.76) (1.97) (1.32)
Third party leasing commissions (0.57) (0.70) (0.55) (0.52) (0.44)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 16.54 18.54 15.84 16.15 12.94
Tenant specific landlord work (1) (1.14) (1.83) (1.31) (0.92) (0.74)
NET EFFECTIVE RENT $ 15.40 $ 16.71 $ 14.53 15.23 $ 12.20
Net effective rent before tenant specific landlord work /
base rent 88% 88% 87% 87% 88%
Net effective rent / base rent 82% 79% 80% 82% 83%
Weighted average term (years) 9.0 9.3 8.7 8.0 8.6
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 35% 30% 32% 22% 27%
< 10,000 SF 65% 70% 68% 78% 73%
LEASES SIGNED BUT NOT YET COMMENCED (2)
As of 6/30/21: Leases GLA ABR ABR PSF
≥ 10,000 SF 56 1,457,689 $ 19,060 13.08
< 10,000 SF 301 893,570 22,792 25.51
TOTAL 357 2,351,259 $ 41,852 17.80
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 350 basis points of total portfolio GLA, 50 basis points of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended June 30, 2021 Page 32
LEASE EXPIRATION SCHEDULE
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
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 316 889,423 1.4 % 1.5 % $ 15.27 $ 15.27 10 210,366 0.5 % 0.3 % $ 7.12 $ 7.12 306 679,057 3.8 % 2.9 % $ 17.80 $ 17.80
2021 429 2,231,622 3.6 % 3.1 % 12.21 12.21 40 1,220,040 2.8 % 1.9 % 7.24 7.24 389 1,011,582 5.6 % 4.5 % 18.21 18.21
2022 1,246 7,918,849 12.8 % 12.0 % 13.36 13.41 181 5,092,023 11.5 % 10.1 % 9.27 9.27 1,065 2,826,826 15.8 % 14.2 % 20.72 20.87
2023 1,110 6,954,450 11.2 % 11.7 % 14.77 14.96 173 4,529,607 10.3 % 10.1 % 10.48 10.50 937 2,424,843 13.5 % 13.4 % 22.79 23.29
2024 1,084 8,984,466 14.5 % 13.1 % 12.88 13.12 189 6,618,392 15.0 % 13.4 % 9.49 9.51 895 2,366,074 13.2 % 12.8 % 22.36 23.23
2025 863 7,471,884 12.1 % 11.6 % 13.66 13.98 175 5,436,973 12.4 % 12.1 % 10.39 10.46 688 2,034,911 11.3 % 11.1 % 22.41 23.39
2026 783 7,010,325 11.3 % 11.2 % 14.03 14.72 176 5,256,205 11.9 % 12.0 % 10.66 10.89 607 1,754,120 9.8 % 10.3 % 24.12 26.20
2027 415 4,012,941 6.5 % 6.9 % 15.07 16.57 97 2,956,262 6.7 % 7.6 % 12.04 13.01 318 1,056,679 5.9 % 6.0 % 23.55 26.55
2028 331 2,862,048 4.6 % 5.3 % 16.17 17.79 70 2,014,440 4.6 % 5.0 % 11.72 12.42 261 847,608 4.7 % 5.5 % 26.77 30.56
2029 346 3,792,543 6.1 % 6.3 % 14.67 16.29 102 2,978,171 6.8 % 7.3 % 11.52 12.50 244 814,372 4.5 % 5.2 % 26.18 30.16
2030 286 2,962,014 4.8 % 4.9 % 14.66 16.22 72 2,227,901 5.1 % 5.1 % 10.69 11.42 214 734,113 4.2 % 4.8 % 26.69 30.79
2031+ 559 6,844,975 11.1 % 12.4 % 15.93 18.48 173 5,458,439 12.4 % 15.1 % 12.96 14.72 386 1,386,536 7.7 % 9.3 % 27.64 33.28
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 316 889,423 1.4 % 1.5 % $ 15.27 $ 15.27 10 210,366 0.5 % 0.3 % $ 7.12 $ 7.12 306 679,057 3.8 % 2.9 % $ 17.80 $ 17.80
2021 382 1,667,577 2.7 % 2.4 % 12.48 12.48 25 749,657 1.7 % 0.9 % 5.80 5.80 357 917,920 5.1 % 4.0 % 17.94 17.94
2022 960 3,563,879 5.8 % 6.4 % 15.89 15.99 68 1,393,257 3.2 % 2.7 % 9.23 9.23 892 2,170,622 12.1 % 10.6 % 20.16 20.32
2023 803 2,856,298 4.6 % 5.9 % 18.12 18.52 57 1,099,261 2.5 % 2.5 % 10.50 10.57 746 1,757,037 9.8 % 9.8 % 22.88 23.49
2024 715 2,680,281 4.3 % 5.2 % 17.08 17.71 43 1,102,397 2.5 % 2.4 % 10.20 10.26 672 1,577,884 8.8 % 8.4 % 21.89 22.92
2025 516 2,235,621 3.6 % 4.4 % 17.13 18.02 41 1,024,732 2.3 % 2.3 % 10.48 10.90 475 1,210,889 6.8 % 6.7 % 22.76 24.05
2026 472 2,165,438 3.5 % 4.1 % 16.85 18.31 40 1,057,860 2.4 % 2.3 % 10.07 10.57 432 1,107,578 6.2 % 6.3 % 23.34 25.70
2027 361 2,061,153 3.3 % 3.9 % 16.65 18.61 52 1,133,837 2.6 % 2.7 % 10.78 11.90 309 927,316 5.2 % 5.4 % 23.82 26.82
2028 301 1,612,100 2.6 % 3.3 % 18.13 20.26 34 817,976 1.9 % 2.0 % 11.72 12.61 267 794,124 4.4 % 4.8 % 24.74 28.14
2029 285 1,450,775 2.3 % 3.0 % 18.07 20.49 35 702,075 1.6 % 1.8 % 11.84 13.20 250 748,700 4.1 % 4.3 % 23.90 27.33
2030 268 1,753,572 2.8 % 3.0 % 15.13 17.14 40 1,034,955 2.4 % 2.2 % 10.02 10.95 228 718,617 4.0 % 3.9 % 22.49 26.05
2031+ 2,389 38,999,423 63.1 % 56.9 % 12.84 16.52 1,013 33,672,446 76.4 % 77.9 % 10.84 13.76 1,376 5,326,977 29.7 % 32.9 % 25.48 33.99
(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 6/30/21 73.1% 78.6%
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 33
--- ---
PROPERTIES BY LARGEST US MSAs
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
Largest US MSAs by 2020 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 New York-Newark-Jersey City, NY-NJ-PA 26 3,180,388 86.3 % 92.9 % $ 62,980 $ 21.81 6.7 % 4.7 % 7.2 %
2 Los Angeles-Long Beach-Anaheim, CA 10 1,706,223 97.4 % 98.1 % 35,583 23.36 2.6 % 2.5 % 4.0 %
3 Chicago-Naperville-Elgin, IL-IN-WI 14 3,491,786 76.4 % 80.0 % 38,824 14.61 3.6 % 5.1 % 4.4 %
4 Dallas-Fort Worth-Arlington, TX 12 2,515,979 85.1 % 88.2 % 39,555 18.04 3.1 % 3.7 % 4.5 %
5 Houston-The Woodlands-Sugar Land, TX 28 3,780,669 91.7 % 94.0 % 45,597 13.26 7.2 % 5.6 % 5.2 %
6 Washington-Arlington-Alexandria, DC-VA-MD-WV 3 465,059 59.7 % 77.3 % 5,480 15.85 0.8 % 0.7 % 0.6 %
7 Miami-Fort Lauderdale-Pompano Beach, FL 9 1,464,517 77.6 % 85.6 % 19,868 16.10 2.3 % 2.2 % 2.3 %
8 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 23 4,214,054 87.0 % 89.8 % 62,026 18.95 5.9 % 6.2 % 7.0 %
9 Atlanta-Sandy Springs-Alpharetta, GA 22 3,327,861 86.5 % 89.5 % 35,023 12.16 5.7 % 4.9 % 4.0 %
10 Phoenix-Mesa-Chandler, AZ 0 — — — — — — — —
Top 10 Largest US MSAs by Population 147 24,146,536 85.5 % 89.3 % 344,936 16.88 37.9 % 35.6 % 39.2 %
11 Boston-Cambridge-Newton, MA-NH 6 724,145 87.0 % 93.1 % 9,008 13.35 1.5 % 1.1 % 1.0 %
12 San Francisco-Oakland-Berkeley, CA 2 506,994 98.6 % 99.0 % 11,828 29.14 0.5 % 0.7 % 1.3 %
13 Riverside-San Bernardino-Ontario, CA 4 504,179 83.4 % 88.3 % 8,431 22.02 1.0 % 0.7 % 1.0 %
14 Detroit-Warren-Dearborn, MI 8 1,436,631 86.8 % 90.6 % 15,473 12.96 2.1 % 2.1 % 1.8 %
15 Seattle-Tacoma-Bellevue, WA 0 — — — — — — — —
16 Minneapolis-St. Paul-Bloomington, MN-WI 9 1,290,595 91.5 % 92.5 % 15,647 14.22 2.3 % 1.9 % 1.8 %
17 San Diego-Chula Vista-Carlsbad, CA 3 646,187 90.9 % 97.7 % 14,712 23.82 0.8 % 1.0 % 1.7 %
18 Tampa-St. Petersburg-Clearwater, FL 11 1,782,693 87.1 % 90.3 % 25,047 16.23 2.8 % 2.6 % 2.8 %
19 Denver-Aurora-Lakewood, CO 6 1,316,626 92.7 % 96.1 % 16,724 14.21 1.5 % 1.9 % 1.9 %
20 St. Louis, MO-IL 2 209,036 95.5 % 95.5 % 2,101 10.70 0.5 % 0.3 % 0.2 %
Top 20 Largest US MSAs by Population 198 32,563,622 86.5 % 90.3 % 463,907 16.73 50.9 % 47.9 % 52.7 %
21 Baltimore-Columbia-Towson, MD 0 — — — — — — — —
22 Charlotte-Concord-Gastonia, NC-SC 6 1,579,106 92.7 % 93.0 % 16,421 12.32 1.5 % 2.3 % 1.9 %
23 Orlando-Kissimmee-Sanford, FL 5 802,048 83.8 % 86.0 % 15,717 23.01 1.3 % 1.2 % 1.8 %
24 San Antonio-New Braunfels, TX 0 — — — — — — — —
25 Portland-Vancouver-Hillsboro, OR-WA 0 — — — — — — — —
26 Sacramento-Roseville-Folsom, CA 1 105,531 33.1 % 33.1 % 982 28.12 0.3 % 0.2 % 0.1 %
27 Las Vegas-Henderson-Paradise, NV 0 — — — — — — — —
28 Pittsburgh, PA 1 202,349 98.4 % 100.0 % 2,119 11.80 0.3 % 0.3 % 0.2 %
29 Austin-Round Rock-Georgetown, TX 1 169,405 96.7 % 96.7 % 2,100 12.82 0.3 % 0.2 % 0.2 %
30 Cincinnati, OH-KY-IN 7 1,855,224 92.7 % 94.0 % 22,787 16.80 1.8 % 2.7 % 2.6 %
31 Kansas City, MO-KS 4 608,649 94.4 % 94.4 % 4,769 8.44 1.0 % 0.9 % 0.5 %
32 Columbus, OH 3 434,804 89.4 % 92.7 % 4,143 10.98 0.8 % 0.6 % 0.5 %
33 Indianapolis-Carmel-Anderson, IN 2 726,319 85.3 % 90.4 % 7,453 11.53 0.5 % 1.1 % 0.8 %
34 Cleveland-Elyria, OH 3 795,777 83.9 % 84.3 % 8,753 13.15 0.8 % 1.2 % 1.0 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 34
--- ---
PROPERTIES BY LARGEST US MSAs
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
Largest US MSAs by 2020 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
35 San Jose-Sunnyvale-Santa Clara, CA 0 — — — — — — — —
36 Nashville-Davidson--Murfreesboro--Franklin, TN 4 798,262 97.0 % 98.3 % 9,586 12.22 1.0 % 1.2 % 1.1 %
37 Virginia Beach-Norfolk-Newport News, VA-NC 1 150,300 97.7 % 97.7 % 2,873 21.61 0.3 % 0.2 % 0.3 %
38 Providence-Warwick, RI-MA 0 — — — — — — — —
39 Jacksonville, FL 3 690,355 94.8 % 96.5 % 6,988 10.89 0.8 % 1.0 % 0.8 %
40 Milwaukee-Waukesha, WI 4 566,998 85.6 % 86.7 % 5,725 11.65 1.0 % 0.8 % 0.7 %
41 Oklahoma City, OK 0 — — — — — — — —
42 Raleigh-Cary, NC 2 290,937 98.0 % 99.5 % 3,951 13.75 0.5 % 0.4 % 0.4 %
43 Memphis, TN-MS-AR 1 649,252 93.2 % 95.1 % 9,717 16.31 0.3 % 1.0 % 1.1 %
44 Richmond, VA 2 229,840 94.8 % 94.8 % 3,428 15.74 0.5 % 0.3 % 0.4 %
45 New Orleans-Metairie, LA 0 — — — — — — — —
46 Louisville/Jefferson County, KY-IN 4 700,232 93.2 % 94.2 % 7,184 11.19 1.0 % 1.0 % 0.8 %
47 Salt Lake City, UT 0 — — — — — — — —
48 Hartford-East Hartford-Middletown, CT 3 584,167 82.4 % 83.4 % 8,375 17.19 0.8 % 0.9 % 1.0 %
49 Buffalo-Cheektowaga, NY 0 — — — — — — — —
50 Birmingham-Hoover, AL 0 — — — — — — — —
Top 50 Largest US MSAs by Population 255 44,503,177 87.6 % 90.7 % 606,978 15.97 65.6 % 65.5 % 68.9 %
MSAs Ranked 51 - 100 by Population 49 8,582,450 89.9 % 91.9 % 97,971 13.13 12.6 % 12.6 % 11.1 %
Other MSAs 85 14,897,369 88.5 % 91.9 % 175,386 13.74 21.8 % 21.9 % 20.0 %
TOTAL 389 67,982,996 88.1 % 91.1 % $ 880,335 $ 15.12 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 35
--- ---
LARGEST MSAs BY ABR
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
Largest MSAs by ABR MSA Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 New York-Newark-Jersey City, NY-NJ-PA 1 26 3,180,388 86.3 % 92.9 % $ 62,980 $ 21.81 6.7 % 4.7 % 7.2 %
2 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 8 23 4,214,054 87.0 % 89.8 % 62,026 18.95 5.9 % 6.2 % 7.0 %
3 Houston-The Woodlands-Sugar Land, TX 5 28 3,780,669 91.7 % 94.0 % 45,597 13.26 7.2 % 5.6 % 5.2 %
4 Dallas-Fort Worth-Arlington, TX 4 12 2,515,979 85.1 % 88.2 % 39,555 18.04 3.1 % 3.7 % 4.5 %
5 Chicago-Naperville-Elgin, IL-IN-WI 3 14 3,491,786 76.4 % 80.0 % 38,824 14.61 3.6 % 5.1 % 4.4 %
6 Los Angeles-Long Beach-Anaheim, CA 2 10 1,706,223 97.4 % 98.1 % 35,583 23.36 2.6 % 2.5 % 4.0 %
7 Atlanta-Sandy Springs-Alpharetta, GA 9 22 3,327,861 86.5 % 89.5 % 35,023 12.16 5.7 % 4.9 % 4.0 %
8 Tampa-St. Petersburg-Clearwater, FL 18 11 1,782,693 87.1 % 90.3 % 25,047 16.23 2.8 % 2.6 % 2.8 %
9 Cincinnati, OH-KY-IN 30 7 1,855,224 92.7 % 94.0 % 22,787 16.80 1.8 % 2.7 % 2.6 %
10 Miami-Fort Lauderdale-Pompano Beach, FL 7 9 1,464,517 77.6 % 85.6 % 19,868 16.10 2.3 % 2.2 % 2.3 %
10 Largest MSAs by ABR — 162 27,319,394 86.5 % 89.9 % 387,290 16.85 41.7 % 40.2 % 44.0 %
11 Denver-Aurora-Lakewood, CO 19 6 1,316,626 92.7 % 96.1 % 16,724 14.21 1.5 % 1.9 % 1.9 %
12 Charlotte-Concord-Gastonia, NC-SC 22 6 1,579,106 92.7 % 93.0 % 16,421 12.32 1.5 % 2.3 % 1.9 %
13 Orlando-Kissimmee-Sanford, FL 23 5 802,048 83.8 % 86.0 % 15,717 23.01 1.3 % 1.2 % 1.8 %
14 Minneapolis-St. Paul-Bloomington, MN-WI 16 9 1,290,595 91.5 % 92.5 % 15,647 14.22 2.3 % 1.9 % 1.8 %
15 Detroit-Warren-Dearborn, MI 14 8 1,436,631 86.8 % 90.6 % 15,473 12.96 2.1 % 2.1 % 1.8 %
16 San Diego-Chula Vista-Carlsbad, CA 17 3 646,187 90.9 % 97.7 % 14,712 23.82 0.8 % 1.0 % 1.7 %
17 Naples-Marco Island, FL 139 4 780,327 80.5 % 92.7 % 13,208 18.72 1.0 % 1.1 % 1.5 %
18 San Francisco-Oakland-Berkeley, CA 12 2 506,994 98.6 % 99.0 % 11,828 29.14 0.5 % 0.7 % 1.3 %
19 Ann Arbor, MI 149 3 820,327 84.3 % 89.5 % 11,622 15.95 0.8 % 1.2 % 1.3 %
20 Vallejo, CA 122 1 519,223 94.2 % 94.5 % 10,228 21.03 0.3 % 0.8 % 1.2 %
20 Largest MSAs by ABR — 209 37,017,458 87.3 % 90.7 % 528,870 16.83 53.8 % 54.4 % 60.2 %
21 Binghamton, NY 196 4 751,572 95.6 % 95.6 % 9,842 13.69 1.0 % 1.1 % 1.1 %
22 Memphis, TN-MS-AR 43 1 649,252 93.2 % 95.1 % 9,717 16.31 0.3 % 1.0 % 1.1 %
23 Nashville-Davidson--Murfreesboro--Franklin, TN 36 4 798,262 97.0 % 98.3 % 9,586 12.22 1.0 % 1.2 % 1.1 %
24 North Port-Sarasota-Bradenton, FL 67 5 734,750 82.1 % 94.7 % 9,459 13.71 1.3 % 1.1 % 1.1 %
25 Allentown-Bethlehem-Easton, PA-NJ 70 3 829,432 95.0 % 95.2 % 9,351 13.08 0.8 % 1.2 % 1.1 %
26 Port St. Lucie, FL 112 5 688,049 87.8 % 88.7 % 9,177 15.15 1.3 % 1.0 % 1.0 %
27 Boston-Cambridge-Newton, MA-NH 11 6 724,145 87.0 % 93.1 % 9,008 13.35 1.5 % 1.1 % 1.0 %
28 Cleveland-Elyria, OH 34 3 795,777 83.9 % 84.3 % 8,753 13.15 0.8 % 1.2 % 1.0 %
29 Riverside-San Bernardino-Ontario, CA 13 4 504,179 83.4 % 88.3 % 8,431 22.02 1.0 % 0.7 % 1.0 %
30 Hartford-East Hartford-Middletown, CT 48 3 584,167 82.4 % 83.4 % 8,375 17.19 0.8 % 0.9 % 1.0 %
31 Indianapolis-Carmel-Anderson, IN 33 2 726,319 85.3 % 90.4 % 7,453 11.53 0.5 % 1.1 % 0.8 %
32 Louisville/Jefferson County, KY-IN 46 4 700,232 93.2 % 94.2 % 7,184 11.19 1.0 % 1.0 % 0.8 %
33 Jacksonville, FL 39 3 690,355 94.8 % 96.5 % 6,988 10.89 0.8 % 1.0 % 0.8 %
34 Norwich-New London, CT 186 2 433,532 91.3 % 91.6 % 6,425 16.38 0.5 % 0.6 % 0.7 %
35 New Haven-Milford, CT 68 4 487,795 82.6 % 83.0 % 5,893 14.56 1.0 % 0.7 % 0.7 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 36
--- ---
LARGEST MSAs BY ABR
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
Largest MSAs by ABR MSA Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
36 Greensboro-High Point, NC 76 1 406,768 95.4 % 98.7 % 5,779 14.39 0.3 % 0.6 % 0.7 %
37 Milwaukee-Waukesha, WI 40 4 566,998 85.6 % 86.7 % 5,725 11.65 1.0 % 0.8 % 0.7 %
38 Worcester, MA-CT 58 3 515,320 93.9 % 93.9 % 5,636 14.16 0.8 % 0.8 % 0.6 %
39 Wilmington, NC 167 2 379,107 89.4 % 98.2 % 5,582 15.16 0.5 % 0.6 % 0.6 %
40 Poughkeepsie-Newburgh-Middletown, NY 88 3 399,379 91.7 % 93.3 % 5,495 15.00 0.8 % 0.6 % 0.6 %
41 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 3 465,059 59.7 % 77.3 % 5,480 15.85 0.8 % 0.7 % 0.6 %
42 College Station-Bryan, TX 183 3 433,832 91.5 % 93.7 % 5,385 16.00 0.8 % 0.6 % 0.6 %
43 Scranton--Wilkes-Barre, PA 101 2 619,139 90.0 % 90.8 % 5,166 23.68 0.5 % 0.9 % 0.6 %
44 Winston-Salem, NC 87 3 437,561 87.2 % 87.2 % 4,791 13.21 0.8 % 0.6 % 0.5 %
45 Kansas City, MO-KS 31 4 608,649 94.4 % 94.4 % 4,769 8.44 1.0 % 0.9 % 0.5 %
46 Dayton-Kettering, OH 74 2 351,898 96.9 % 96.9 % 4,556 13.67 0.5 % 0.5 % 0.5 %
47 Oxnard-Thousand Oaks-Ventura, CA 72 2 320,372 82.0 % 85.0 % 4,539 17.35 0.5 % 0.5 % 0.5 %
48 Boulder, CO 156 1 278,419 94.4 % 95.7 % 4,484 16.91 0.3 % 0.4 % 0.5 %
49 Mobile, AL 127 1 429,636 74.1 % 84.8 % 4,379 12.29 0.3 % 0.6 % 0.5 %
50 Columbus, OH 32 3 434,804 89.4 % 92.7 % 4,143 10.98 0.8 % 0.6 % 0.5 %
50 Largest MSAs by ABR — 299 53,762,217 87.7 % 90.9 % 730,421 15.91 77.1 % 79.0 % 83.0 %
51 Greenville-Anderson, SC 60 2 220,723 98.8 % 98.8 % 4,039 18.97 0.5 % 0.3 % 0.5 %
52 Fresno, CA 55 1 255,149 99.0 % 99.0 % 4,003 15.84 0.3 % 0.4 % 0.5 %
53 Manchester-Nashua, NH 132 2 228,850 95.9 % 97.1 % 3,976 18.81 0.5 % 0.3 % 0.5 %
54 Raleigh-Cary, NC 42 2 290,937 98.0 % 99.5 % 3,951 13.75 0.5 % 0.4 % 0.4 %
55 Charleston-North Charleston, SC 73 2 498,871 83.1 % 83.6 % 3,937 9.57 0.5 % 0.7 % 0.4 %
56 Panama City, FL 252 2 397,492 94.0 % 97.1 % 3,899 10.11 0.5 % 0.6 % 0.4 %
57 Spartanburg, SC 158 1 360,277 73.6 % 74.9 % 3,785 14.57 0.3 % 0.5 % 0.4 %
58 Bakersfield, CA 62 1 240,068 96.3 % 96.3 % 3,504 15.44 0.3 % 0.4 % 0.4 %
59 Hilton Head Island-Bluffton, SC 203 2 231,952 80.4 % 95.3 % 3,465 15.68 0.5 % 0.3 % 0.4 %
60 Cape Coral-Fort Myers, FL 75 1 281,394 91.0 % 93.6 % 3,429 13.38 0.3 % 0.4 % 0.4 %
61 Richmond, VA 44 2 229,840 94.8 % 94.8 % 3,428 15.74 0.5 % 0.3 % 0.4 %
62 Atlantic City-Hammonton, NJ 188 1 179,199 90.5 % 93.1 % 3,220 19.30 0.3 % 0.3 % 0.4 %
63 Greenville, NC 238 1 233,153 94.3 % 95.5 % 3,051 13.71 0.3 % 0.3 % 0.3 %
64 Springfield, MA 84 2 319,668 91.2 % 97.4 % 2,996 13.03 0.5 % 0.5 % 0.3 %
65 Pittsfield, MA 330 1 188,444 97.3 % 97.3 % 2,899 15.81 0.3 % 0.3 % 0.3 %
66 Des Moines-West Des Moines, IA 82 2 500,825 86.7 % 86.7 % 2,877 6.70 0.5 % 0.7 % 0.3 %
67 Virginia Beach-Norfolk-Newport News, VA-NC 37 1 150,300 97.7 % 97.7 % 2,873 21.61 0.3 % 0.2 % 0.3 %
68 Savannah, GA 138 2 221,381 97.3 % 97.3 % 2,797 12.99 0.5 % 0.3 % 0.3 %
69 Bridgeport-Stamford-Norwalk, CT 59 1 161,075 97.3 % 97.3 % 2,597 16.57 0.3 % 0.2 % 0.3 %
70 Roanoke, VA 164 2 313,340 96.4 % 96.4 % 2,583 10.62 0.5 % 0.5 % 0.3 %
71 Elkhart-Goshen, IN 220 1 211,680 62.9 % 92.9 % 2,490 12.67 0.3 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended June 30, 2021 Page 37
--- ---
LARGEST MSAs BY ABR
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
Largest MSAs by ABR MSA Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
72 Hickory-Lenoir-Morganton, NC 147 2 284,984 93.0 % 94.5 % 2,453 9.11 0.5 % 0.4 % 0.3 %
73 Altoona, PA 343 1 266,512 87.4 % 87.4 % 2,430 10.54 0.3 % 0.4 % 0.3 %
74 Duluth, MN-WI 171 1 183,087 98.2 % 98.2 % 2,390 13.29 0.3 % 0.3 % 0.3 %
75 Fort Wayne, IN 133 2 248,451 74.5 % 79.6 % 2,168 12.90 0.5 % 0.4 % 0.2 %
76 Dover, DE 237 1 191,974 97.3 % 97.3 % 2,153 11.53 0.3 % 0.3 % 0.2 %
77 Concord, NH 280 1 191,887 97.4 % 97.4 % 2,149 12.37 0.3 % 0.3 % 0.2 %
78 Flint, MI 134 1 164,632 100.0 % 100.0 % 2,130 13.03 0.3 % 0.2 % 0.2 %
79 Pittsburgh, PA 28 1 202,349 98.4 % 100.0 % 2,119 11.80 0.3 % 0.3 % 0.2 %
80 St. Louis, MO-IL 20 2 209,036 95.5 % 95.5 % 2,101 10.70 0.5 % 0.3 % 0.2 %
81 Austin-Round Rock-Georgetown, TX 29 1 169,405 96.7 % 96.7 % 2,100 12.82 0.3 % 0.2 % 0.2 %
82 Manhattan, KS 322 1 214,898 99.2 % 99.2 % 2,093 15.79 0.3 % 0.3 % 0.2 %
83 Greeneville, TN 481 1 224,139 96.4 % 96.4 % 1,952 9.14 0.3 % 0.3 % 0.2 %
84 Saginaw, MI 231 1 184,735 96.8 % 98.0 % 1,927 10.65 0.3 % 0.3 % 0.2 %
85 Tulsa, OK 54 1 186,851 100.0 % 100.0 % 1,920 10.28 0.3 % 0.3 % 0.2 %
86 Rutland, VT 542 1 223,314 90.0 % 90.0 % 1,901 9.68 0.3 % 0.3 % 0.2 %
87 Trenton-Princeton, NJ 148 1 160,969 40.2 % 97.5 % 1,882 11.99 0.3 % 0.2 % 0.2 %
88 Crestview-Fort Walton Beach-Destin, FL 170 1 158,118 98.4 % 98.4 % 1,862 11.96 0.3 % 0.2 % 0.2 %
89 California-Lexington Park, MD 354 1 92,335 97.8 % 100.0 % 1,827 19.79 0.3 % 0.1 % 0.2 %
90 Portland-South Portland, ME 106 1 287,513 94.8 % 94.8 % 1,809 17.36 0.3 % 0.4 % 0.2 %
91 Toledo, OH 94 1 292,605 83.0 % 84.0 % 1,775 12.70 0.3 % 0.4 % 0.2 %
92 Syracuse, NY 92 1 123,404 100.0 % 100.0 % 1,724 13.97 0.3 % 0.2 % 0.2 %
93 Columbus, IN 425 1 142,989 80.5 % 83.2 % 1,651 13.88 0.3 % 0.2 % 0.2 %
94 Tucson, AZ 53 1 165,350 67.1 % 67.1 % 1,590 14.33 0.3 % 0.2 % 0.2 %
95 Deltona-Daytona Beach-Ormond Beach, FL 86 1 182,054 97.8 % 97.8 % 1,568 8.81 0.3 % 0.3 % 0.2 %
96 Durham-Chapel Hill, NC 91 1 97,226 100.0 % 100.0 % 1,565 16.10 0.3 % 0.1 % 0.2 %
97 Ithaca, NY 383 1 204,405 84.0 % 84.0 % 1,555 9.92 0.3 % 0.3 % 0.2 %
98 London, KY 292 1 165,826 99.0 % 99.0 % 1,553 9.46 0.3 % 0.2 % 0.2 %
99 Muskegon, MI 248 1 104,600 88.4 % 96.2 % 1,537 15.28 0.3 % 0.2 % 0.2 %
100 Lansing-East Lansing, MI 104 1 188,646 83.4 % 83.4 % 1,500 9.69 0.3 % 0.3 % 0.2 %
100 Largest MSAs by ABR — 363 64,989,129 88.2 % 91.3 % 855,604 15.36 93.3 % 95.6 % 97.2 %
Other MSAs — 26 2,993,867 85.7 % 86.5 % 24,731 9.78 6.7 % 4.4 % 2.8 %
TOTAL — 389 67,982,996 88.1 % 91.1 % $ 880,335 $ 15.12 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 38
--- ---
PROPERTIES BY STATE
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 48 8,087,189 85.4 % 90.6 % $ 111,614 $ 15.56 12.3 % 11.9 % 12.7 %
2 California 27 5,075,790 91.7 % 93.5 % 96,497 22.00 6.9 % 7.5 % 11.0 %
3 Texas 45 6,984,552 89.5 % 92.0 % 93,802 15.09 11.6 % 10.3 % 10.7 %
4 New York 28 3,566,329 89.3 % 93.6 % 64,762 19.89 7.2 % 5.2 % 7.4 %
5 Pennsylvania 26 4,990,306 88.5 % 90.5 % 63,509 17.06 6.7 % 7.3 % 7.2 %
6 North Carolina 20 4,052,005 92.8 % 94.3 % 45,155 12.48 5.1 % 6.0 % 5.1 %
7 New Jersey 16 2,843,142 85.0 % 91.6 % 42,298 17.36 4.1 % 4.2 % 4.8 %
8 Georgia 29 4,112,101 87.9 % 90.5 % 42,035 11.60 7.5 % 6.0 % 4.8 %
9 Illinois 15 3,579,632 76.8 % 80.4 % 39,440 14.40 3.9 % 5.3 % 4.5 %
10 Michigan 16 2,999,100 87.0 % 90.7 % 34,837 13.38 4.1 % 4.4 % 4.0 %
11 Ohio 15 3,043,567 89.2 % 90.5 % 34,300 14.51 3.9 % 4.5 % 3.9 %
12 Connecticut 11 1,792,065 85.3 % 85.9 % 24,387 15.89 2.8 % 2.6 % 2.8 %
13 Tennessee 9 1,885,963 95.0 % 96.6 % 23,263 12.93 2.3 % 2.8 % 2.6 %
14 Colorado 7 1,595,045 93.0 % 96.0 % 21,208 14.70 1.8 % 2.3 % 2.4 %
15 Massachusetts 10 1,505,383 91.1 % 94.9 % 18,459 14.63 2.6 % 2.2 % 2.1 %
16 Minnesota 10 1,473,682 92.3 % 93.2 % 18,037 14.09 2.6 % 2.2 % 2.0 %
17 Kentucky 7 1,683,265 94.7 % 95.2 % 17,520 12.12 1.8 % 2.5 % 2.0 %
18 South Carolina 7 1,311,823 82.6 % 85.8 % 15,226 13.78 1.8 % 1.9 % 1.7 %
19 Indiana 7 1,461,466 80.9 % 88.8 % 15,068 11.97 1.8 % 2.1 % 1.7 %
20 Virginia 7 1,016,604 86.5 % 89.8 % 10,870 12.94 1.7 % 1.6 % 1.3 %
21 New Hampshire 5 662,931 94.1 % 95.5 % 8,205 13.47 1.2 % 1.0 % 0.9 %
22 Maryland 3 424,512 71.2 % 83.2 % 6,474 19.08 0.7 % 0.6 % 0.7 %
23 Wisconsin 4 566,998 85.6 % 86.7 % 5,725 11.65 1.0 % 0.8 % 0.7 %
24 Missouri 5 655,984 95.7 % 95.7 % 5,391 8.76 1.3 % 1.0 % 0.6 %
25 Alabama 1 429,636 74.1 % 84.8 % 4,379 12.29 0.3 % 0.6 % 0.5 %
26 Kansas 2 376,599 95.4 % 95.4 % 3,572 12.82 0.5 % 0.6 % 0.4 %
27 Iowa 2 500,825 86.7 % 86.7 % 2,877 6.70 0.5 % 0.7 % 0.3 %
28 Delaware 1 191,974 97.3 % 97.3 % 2,153 11.53 0.3 % 0.3 % 0.2 %
29 West Virginia 2 251,500 90.0 % 90.0 % 2,052 9.06 0.5 % 0.4 % 0.2 %
30 Oklahoma 1 186,851 100.0 % 100.0 % 1,920 10.28 0.3 % 0.3 % 0.2 %
31 Vermont 1 223,314 90.0 % 90.0 % 1,901 9.68 0.3 % 0.3 % 0.2 %
32 Maine 1 287,513 94.8 % 94.8 % 1,809 17.36 0.3 % 0.4 % 0.2 %
33 Arizona 1 165,350 67.1 % 67.1 % 1,590 14.33 0.3 % 0.2 % 0.2 %
TOTAL 389 67,982,996 88.1 % 91.1 % $ 880,335 $ 15.12 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 39
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
1 Springdale Mobile AL Mobile, AL 2004 429,636 84.8 % $ 4,379 $ 12.29 Sam's Club* Bed Bath & Beyond, Big Lots, Burke's Outlet, Burlington Stores, Conn's HomePlus, Cost Plus World Market, Crunch Fitness, David's Bridal, Fresenius Medical Care, Marshalls, Michaels, Shoe Station -
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 67.1 % 1,590 14.33 Sam's Club* CareMore, Defy-Tucson -
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 96.3 % 3,504 15.44 Lassens Natural Foods & Vitamins AMC Theatres, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for Less Hobby Lobby
4 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,897 67.3 % 2,307 28.79 Trader Joe's* CVS, Harbor Freight Tools -
5 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 94.5 % 1,404 22.11 Stater Bros. - -
6 Cudahy Plaza (3) Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,146 92.9 % 2,578 22.52 - Big Lots, Burlington Stores, Chuze Fitness -
7 University Mall Davis CA Sacramento-Roseville-Folsom, CA 1964 105,531 33.1 % 982 28.12 Trader Joe's - -
8 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 97.0 % 1,559 16.31 Vons (Albertsons) Chuze Fitness -
9 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 92.7 % 2,820 24.41 Major Market, Trader Joe's Rite Aid -
10 Arbor - Broadway Faire (2) Fresno CA Fresno, CA 1995 255,149 99.0 % 4,003 15.84 Smart & Final Extra! PetSmart, The Home Depot, United Artists Theatres -
11 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 179,549 68.5 % 1,444 13.14 - Five Below, Harbor Freight Tools, Marshalls, Michaels, Ulta -
12 Briggsmore Plaza Modesto CA Modesto, CA 1998 92,315 96.5 % 1,243 14.80 Grocery Outlet dd's Discounts (Ross), Sears Outlet In Shape Fitness
13 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 100.0 % 6,212 22.44 Albertsons Best Buy, CVS, Five Below, Kohl's, Ross Dress for Less -
14 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 99.2 % 2,235 18.68 Barons Market Crunch Fitness, Dollar Tree -
15 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 202,773 100.0 % 2,390 11.79 Food 4 Less (Kroger) Ross Dress for Less, Target -
16 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 100.0 % 2,830 34.48 - Kohl's, Party City Walmart
17 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 329,421 98.5 % 8,998 27.79 99 Ranch Market, Trader Joe's CVS, Macy's Home Store, Restoration Hardware, Total Wine & More -
18 Puente Hills Town Center Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 1984 258,685 93.6 % 6,042 24.97 - Marshalls, Planet Fitness -
19 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 98.4 % 5,344 31.95 Ralphs (Kroger), Trader Joe's Crunch Fitness, CVS -
20 Plaza By The Sea San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1976 48,697 100.0 % 1,240 25.46 Stater Bros. - -
21 Village at Mira Mesa (3) San Diego CA San Diego-Chula Vista-Carlsbad, CA 2021 422,923 99.3 % 10,333 25.41 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Mira Mesa Lanes -
22 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 97.3 % 3,855 24.04 Smart & Final Extra! Harbor Freight Tools, T.J.Maxx -
23 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 3,233 29.61 Trader Joe's Big Lots, Petco, Rite Aid -
24 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 3,543 23.82 El Super, Walmart Supercenter LA Fitness, Ross Dress for Less Target
25 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.0 % 2,232 12.30 Vons (Albertsons) Ace Hardware, Big Lots -
26 Vail Ranch Center Temecula CA Riverside-San Bernardino-Ontario, CA 2003 201,903 74.6 % 2,592 25.90 Stater Bros. Rite Aid -
27 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 100.0 % 1,146 21.54 Ralphs (Kroger) - -
28 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 102,380 97.4 % 2,200 22.07 Sprouts Farmers Market - -
29 Gateway Plaza - Vallejo (2) Vallejo CA Vallejo, CA 2018 519,223 94.5 % 10,228 21.03 Costco* Bed Bath & Beyond, Century Theatres, DSW, LA Fitness, Marshalls, Michaels, OfficeMax, Party City, Petco, Ross Dress for Less, Ulta Target
30 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 808 8.48 King Soopers (Kroger) Arc -
31 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,988 98.0 % 7,044 15.21 King Soopers (Kroger) 2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Goldfish Swim School, Kohl's, Planet Fitness -
32 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,491 85.1 % 1,783 12.22 King Soopers (Kroger) Chuze Fitness -
33 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 121,101 95.9 % 1,783 15.36 - Chuze Fitness -
34 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,682 90.6 % 1,028 40.08 King Soopers (Kroger) Pet Supplies Plus -
35 Superior Marketplace Superior CO Boulder, CO 1997 278,419 95.7 % 4,484 16.91 Whole Foods Market, Costco*, SuperTarget* Goldfish Swim School, Stickley Furniture, T.J.Maxx, Ulta -
36 Westminster City Center (3) Westminster CO Denver-Aurora-Lakewood, CO 2021 331,128 100.0 % 4,278 12.92 - Barnes & Noble, David's Bridal, Five Below, Golf Galaxy, JOANN, Kids Empire, Overstock Furniture & Mattress, Ross Dress for Less, Tile Shop, Ulta -
37 The Shoppes at Fox Run Glastonbury CT Hartford-East Hartford-Middletown, CT 1974 106,498 93.0 % 2,590 26.15 Whole Foods Market Petco -
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 40
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
38 Groton Square Groton CT Norwich-New London, CT 1987 196,802 91.7 % 2,324 12.88 Super Stop & Shop (Ahold Delhaize) Kohl's Walmart
39 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 95.2 % 1,041 15.12 PriceRite (Wakefern) - The Home Depot
40 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 327,775 76.5 % 3,436 13.71 Walmart Supercenter* Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, DSW, Edge Fitness, Frontera Grill, Hobby Lobby Best Buy, The Home Depot, Walmart
41 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 91.7 % 2,349 17.08 Price Chopper Dick's Sporting Goods -
42 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,865 95.3 % 1,702 17.19 - Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart -
43 Christmas Tree Plaza Orange CT New Haven-Milford, CT 1996 132,791 69.6 % 1,170 12.66 - Christmas Tree Shops, Montana Nights Axe Throwing -
44 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 97.3 % 2,597 16.57 - LA Fitness, Marshalls -
45 Torrington Plaza Torrington CT Torrington, CT 1994 125,496 74.4 % 1,097 11.76 - JOANN, Staples, T.J.Maxx -
46 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,786 80.8 % 1,980 13.70 Super Stop & Shop (Ahold Delhaize) Dollar Tree Target
47 Waterford Commons Waterford CT Norwich-New London, CT 2004 236,730 91.6 % 4,101 19.36 - Dick’s Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
48 North Dover Center Dover DE Dover, DE 1989 191,974 97.3 % 2,153 11.53 - Bob's Discount Furniture, Hobby Lobby, Kirkland's, Party City, Staples, T.J.Maxx -
49 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,394 93.6 % 3,429 13.38 Publix Anthony's Ladies Apparel, Bealls Outlet Home Centric, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery -
50 Coastal Way - Coastal Landing Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 374,598 75.5 % 3,914 17.79 - Bed Bath & Beyond, Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta -
51 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 94.3 % 6,518 22.97 Costco*, SuperTarget* Burlington Stores, David's Bridal, Five Below, Michaels, PetSmart, Ross Dress for Less, Tota Music & Theatre Conservatory Lowe's
52 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 264,129 92.4 % 3,693 15.13 Publix Big Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center -
53 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 85.8 % 1,907 24.56 - Broward County Library, CVS -
54 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 182,054 97.8 % 1,568 8.81 Publix Big Lots, Planet Fitness, Tractor Supply Co. -
55 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 98.4 % 1,862 11.96 Publix Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx -
56 Normandy Square Jacksonville FL Jacksonville, FL 1996 89,822 100.0 % 883 10.12 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar -
57 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,029 97.4 % 2,321 7.75 - American Signature Furniture, Bealls Outlet, David's Bridal, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse -
58 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 96.6 % 1,838 19.38 - Dollar Tree, LA Fitness -
59 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 87.8 % 2,167 18.52 Walmart Neighborhood Market Walgreens -
60 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 183,816 84.4 % 1,778 11.85 Publix Dollar Tree, Petco, Staples, T.J.Maxx -
61 Marco Town Center (3) Marco Island FL Naples-Marco Island, FL 2021 109,745 78.8 % 2,029 23.80 Publix - -
62 Mall at 163rd Street Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2007 342,385 69.5 % 3,374 14.62 Walmart Supercenter* Citi Trends, Ross Dress for Less The Home Depot
63 Shops at Palm Lakes (3) Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2021 209,930 98.1 % 4,046 20.12 Fresco y Más (Southeastern Grocers) dd's Discounts (Ross), LA Fitness, Ross Dress for Less -
64 Freedom Square (3) Naples FL Naples-Marco Island, FL 2021 211,839 84.6 % 2,330 13.01 Publix Burlington Stores, HomeGoods, Planet Fitness -
65 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 3,829 19.30 Publix Marshalls, Office Depot, PGA TOUR Superstore -
66 Park Shore Plaza Naples FL Naples-Marco Island, FL 2018 256,948 99.6 % 5,020 20.69 The Fresh Market Big Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth, Yard House -
67 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 100.0 % 1,121 13.82 Publix Zone Fitness Club -
68 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 95.9 % 1,040 12.26 Sedano's Family Dollar -
69 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 99.1 % 2,543 18.18 - Burlington Stores, LA Fitness Target
70 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 92.8 % 1,000 14.12 Publix - -
71 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 72,683 98.2 % 1,210 16.95 Seabra Foods Office Depot -
72 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2021 413,784 75.6 % 9,126 29.82 - Capital Grille, Cuba Libre, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Regal Cinemas, Rodizio Grill -
73 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 843 13.06 Publix - - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 41
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
74 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 162,582 94.2 % 2,984 20.04 - Coastal Care, Walgreens -
75 23rd Street Station Panama City FL Panama City, FL 1995 98,827 88.1 % 1,223 14.04 Publix Pet Supplies Plus -
76 Panama City Square Panama City FL Panama City, FL 1989 298,665 100.0 % 2,676 8.96 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx -
77 East Port Plaza Port St. Lucie FL Port St. Lucie, FL 1991 214,489 86.8 % 2,549 13.69 Publix Fortis Institute, Urban Air Adventure Park, Walgreens -
78 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 98.9 % 1,275 13.54 Winn-Dixie (Southeastern Grocers) Dollar Tree -
79 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 97.4 % 717 12.94 Winn-Dixie (Southeastern Grocers) - -
80 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 81.0 % 674 21.12 SuperTarget* The Zoo Health Club -
81 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 98.7 % 2,647 18.62 Publix Harbor Freight Tools, Pet Supermarket, Walgreens -
82 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,152 12.74 Publix Big Lots, Crunch Fitness, HomeGoods -
83 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 125,392 76.0 % 1,392 14.62 Publix Planet Fitness -
84 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 98.4 % 2,052 13.30 Sprouts Farmers Market Bealls Outlet, Burlington Stores, T.J.Maxx -
85 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 270,504 94.3 % 3,784 14.84 Publix Bealls, Bed Bath & Beyond, Michaels, Party City, Petco -
86 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 81.0 % 1,814 16.49 Publix CVS, Dollar Tree -
87 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 100.0 % 1,454 9.72 Winn-Dixie (Southeastern Grocers) Bealls Outlet, Big Lots -
88 Tyrone Gardens (3) St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2021 195,214 87.4 % 1,962 11.50 Winn-Dixie (Southeastern Grocers) Big Lots, Chuck E. Cheese’s, Crunch Fitness -
89 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 74.0 % 1,526 13.63 Publix Flooring USA -
90 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-Pompano Beach, FL 1989 110,109 87.5 % 1,189 12.34 Patel Brothers Dollar Tree, LA Fitness Walmart
91 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 96.2 % 1,721 19.31 Publix Rarehues -
92 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 89,207 98.1 % 1,395 15.95 - Dollar Tree, Lumber Liquidators, Ross Dress for Less -
93 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 96.9 % 2,379 16.83 Publix Petco, T.J.Maxx, Ulta -
94 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 92.7 % 921 7.50 Winn-Dixie (Southeastern Grocers) Lumber Liquidators, Pet Supermarket, T.J.Maxx -
95 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 87.3 % 812 8.47 Publix American Freight Furniture -
96 Venice Village (3) Venice FL North Port-Sarasota-Bradenton, FL 2021 175,342 92.1 % 2,927 18.26 Publix JOANN, Planet Fitness -
97 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 280,749 92.3 % 3,542 18.27 - Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
98 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 445,042 85.6 % 4,411 11.83 City Farmers Market Buckhead Fight Club, dd's Discounts (Ross), NCG Cinemas -
99 Augusta West Plaza Augusta GA Augusta-Richmond County, GA-SC 2006 170,681 96.0 % 1,348 8.23 - At Home, Dollar Tree, Hibachi Grill & Supreme Buffet, Octapharma -
100 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 100.0 % 561 8.48 Food Depot Family Dollar -
101 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 93.8 % 1,133 15.28 Publix - -
102 Cedar Plaza Cedartown GA Cedartown, GA 1994 83,300 100.0 % 735 8.82 Kroger Planet Fitness -
103 Conyers Plaza Conyers GA Atlanta-Sandy Springs-Alpharetta, GA 2001 171,374 100.0 % 2,350 13.71 Walmart Supercenter* JOANN, PetSmart, Value Village The Home Depot
104 Cordele Square Cordele GA Cordele, GA 2002 127,953 85.4 % 760 6.96 Harveys (Southeastern Grocers) Belk, Citi Trends, Cordele Theatres -
105 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 92.3 % 740 11.92 Publix - -
106 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 95.1 % 1,257 13.93 Kroger - -
107 Northside Dalton GA Dalton, GA 2001 73,931 97.3 % 639 8.88 - Dollar Tree -
108 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 97.3 % 892 11.78 Publix - -
109 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 81.3 % 699 18.52 Kroger* - -
110 Westgate Dublin GA Dublin, GA 2004 106,994 93.4 % 733 7.34 - Big Lots, Citi Trends, Planet Fitness The Home Depot
111 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,687 10.87 Costco* American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill Big Lots
112 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 87.3 % 1,372 10.28 Food Depot Staples - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 42
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
113 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 218,818 100.0 % 2,622 11.98 ALDI Best Buy, Duluth Trading, Georgia Furniture Mart, Michaels, OfficeMax, PetSmart -
114 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 94.4 % 1,303 14.23 Publix - -
115 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 88.4 % 1,441 15.40 Publix - -
116 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1959 229,013 55.4 % 1,025 8.08 - Dollar Tree, Ollie's Bargain Outlet, Planet Fitness -
117 Marshalls at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 54,976 95.9 % 543 10.30 - Marshalls -
118 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 96.5 % 1,251 11.47 Kroger - -
119 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 147,538 90.6 % 1,960 14.67 Kroger - -
120 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 664 9.52 Food Depot - -
121 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 88.2 % 914 11.10 - PGA TOUR Superstore -
122 Victory Square Savannah GA Savannah, GA 2007 119,919 97.3 % 1,693 14.51 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
123 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 188,135 95.2 % 2,990 16.70 Kroger - -
124 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 347,091 83.7 % 1,666 5.73 Walmart Supercenter NCG Cinemas -
125 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.2 % 1,104 11.19 Kroger - -
126 Haymarket Mall Des Moines IA Des Moines-West Des Moines, IA 1979 231,120 90.8 % 1,401 6.83 - Burlington Stores, Harbor Freight Tools, Hobby Lobby -
127 Haymarket Square Des Moines IA Des Moines-West Des Moines, IA 1979 269,705 83.2 % 1,476 6.57 Price Chopper Big Lots, Genesis Health Club, Northern Tool + Equipment, Office Depot -
128 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 98.2 % 3,722 18.97 Trader Joe's Chuck E. Cheese's, Kirkland's, Petco, Ulta -
129 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 76.3 % 1,997 17.27 - XSport Fitness Kohl's
130 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 99.0 % 2,354 12.11 Shop & Save Market Hobby Lobby, Octapharma, Planet Fitness, Walgreens -
131 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 324,977 92.6 % 4,463 16.02 - Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness -
132 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 82.7 % 5,403 12.90 - AMC Theatres, At Home, Burlington Stores, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less -
133 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 81.4 % 2,335 10.51 Jewel-Osco (Albertsons) Burlington Stores Hobby Lobby
134 Elk Grove Town Center Elk Grove Village IL Chicago-Naperville-Elgin, IL-IN-WI 1998 59,409 95.3 % 1,120 19.77 - Dollar Tree, Walgreens -
135 Freeport Plaza Freeport IL Freeport, IL 2000 87,846 92.6 % 616 7.57 Cub Foods (United Natural Foods Inc.) - -
136 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 64.9 % 1,621 14.55 - Best Buy, Painted Tree Marketplace, PetSmart -
137 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 82.1 % 1,368 15.62 Sunset Foods - -
138 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,007 61.0 % 1,755 11.98 - Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness -
139 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 93.9 % 1,731 16.45 Jewel-Osco Planet Fitness -
140 Westridge Court (2) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 682,626 59.3 % 6,166 15.56 - Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, Edge Fitness, La-Z-Boy Furniture, Painted Tree Marketplace, Party City, Star Cinema Grille, Ulta -
141 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 192,913 94.5 % 1,948 17.78 - Asian Grill Sushi Buffet, LA Fitness, Regal Cinemas -
142 Tinley Park Plaza (3) Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2021 232,898 93.5 % 2,841 13.04 TBA Burlington Stores, Planet Fitness, Tile Shop -
143 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,769 97.0 % 1,325 10.45 - Godby Home Furnishings, Just Click For It, Ollie's Bargain Outlet -
144 Columbus Center Columbus IN Columbus, IN 1964 142,989 83.2 % 1,651 13.88 - Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, Ulta Target
145 Apple Glen Crossing Fort Wayne IN Fort Wayne, IN 2002 150,163 93.5 % 1,773 16.01 Walmart Supercenter* Best Buy, Dick's Sporting Goods, PetSmart Kohl's
146 Market Centre Goshen IN Elkhart-Goshen, IN 1994 211,680 92.9 % 2,490 12.67 Walmart Supercenter* Burlington Stores, JOANN, Ross Dress for Less, Staples -
147 Lincoln Plaza New Haven IN Fort Wayne, IN 1968 98,288 58.3 % 395 6.90 Kroger - -
148 Speedway Super Center (3) Speedway IN Indianapolis-Carmel-Anderson, IN 2021 595,550 88.9 % 6,128 11.79 Kroger Burlington Stores, Harbor Freight Tools, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx -
149 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 97.6 % 1,306 10.14 Pay Less (Kroger) - -
150 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 90.3 % 1,479 10.13 Hy-Vee - - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 43
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
151 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.2 % 2,093 15.79 Dillons (Kroger) Bellus Academy, JOANN, Marshalls -
152 North Dixie Plaza Elizabethtown KY Elizabethtown-Fort Knox, KY 1992 130,466 100.0 % 1,069 8.19 - At Home, Staples -
153 Florence Plaza - Florence Square (2) Florence KY Cincinnati, OH-KY-IN 2014 686,741 94.4 % 7,714 15.16 Kroger Barnes & Noble, Bob's Discount Furniture, Burlington Stores, David's Bridal, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Staples, T.J.Maxx -
154 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,374 95.2 % 1,891 10.04 - King Pin Lanes, Louisville Athletic Club -
155 London Marketplace London KY London, KY 1994 165,826 99.0 % 1,553 9.46 Kroger Goody's, Kohl's, Marshalls, Planet Fitness -
156 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,947 98.3 % 2,001 11.63 Kroger Petco -
157 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,971 88.2 % 1,476 11.20 Kroger - -
158 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 94.3 % 1,816 12.12 Kroger Marketplace - -
159 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 141,451 94.6 % 1,025 7.66 America's Food Basket Citi Trends, Crunch Fitness, Jerusalem Discount Furniture -
160 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 84.4 % 1,945 28.92 - Golf Galaxy, Staples Duluth Trading Co.
161 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 96.9 % 1,753 13.35 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot -
162 WaterTower Plaza Leominster MA Worcester, MA-CT 2000 284,757 92.9 % 2,952 11.61 - Barnes & Noble, Michaels, Party City, Petco, Staples, The Paper Store, T.J.Maxx -
163 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 76.5 % 293 15.01 Hannaford Bros. (Ahold Delhaize)* - Walmart
164 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 95.5 % 1,408 18.89 Stop And Compare Crunch Fitness, Rainbow Shops -
165 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 95.7 % 2,550 14.57 Star Market (Albertsons) Marshalls, Ocean State Job Lot -
166 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 97.3 % 2,899 15.81 Market 32 Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
167 Westgate Plaza Westfield MA Springfield, MA 1996 123,673 98.2 % 1,243 12.59 ALDI Five Below, Ocean State Job Lot, Staples, T.J.Maxx -
168 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 97.4 % 2,391 19.24 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet -
169 South Plaza Shopping Center California MD California-Lexington Park, MD 2005 92,335 100.0 % 1,827 19.79 - Best Buy, Old Navy, Petco, Ross Dress for Less -
170 Campus Village Shoppes College Park MD Washington-Arlington-Alexandria, DC-VA-MD-WV 1986 25,528 100.0 % 896 35.10 - - -
171 Fox Run (3) Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2021 306,649 76.7 % 3,751 16.95 Giant Food (Ahold Delhaize) Five Below, JOANN, Planet Fitness, Ross Dress for Less, Ulta -
172 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,513 94.8 % 1,809 17.36 - Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts -
173 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 90.7 % 6,457 17.92 Kroger Bed Bath & Beyond, DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta -
174 Maple Village Ann Arbor MI Ann Arbor, MI 2020 294,029 85.5 % 4,251 16.91 Plum Market Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta -
175 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 93.0 % 953 12.00 Busch’s Fresh Food Market Ace Hardware -
176 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 79,068 100.0 % 868 10.98 - Dollar Tree, Ollie's Bargain Outlet, True Value -
177 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,130 13.03 VG's Food (SpartanNash) Dunham's Sports, Glik's Five Below, Michaels, T.J.Maxx
178 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 80.7 % 648 8.07 D&W Fresh Market (SpartanNash) - -
179 Delta Center Lansing MI Lansing-East Lansing, MI 1985 188,646 83.4 % 1,500 9.69 - Bed Bath & Beyond, DXL Destination XL, Hobby Lobby, Planet Fitness -
180 Lakes Crossing Muskegon MI Muskegon, MI 2008 104,600 96.2 % 1,537 15.28 - JOANN, Party City, Shoe Carnival, Ulta Kohl's
181 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 280,883 86.6 % 2,706 11.12 Prince Valley Market Blink Fitness (Equinox), Burlington Stores, Citi Trends, Dollar Tree -
182 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 470,276 88.9 % 6,228 20.04 TBA DSW, Emagine Theatre, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta Target
183 Fashion Corners Saginaw MI Saginaw, MI 2004 184,735 98.0 % 1,927 10.65 - Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools -
184 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,724 100.0 % 1,268 12.47 - Party City, Planet Fitness Burlington Stores
185 18 Ryan Sterling Heights MI Detroit-Warren-Dearborn, MI 1997 101,564 100.0 % 947 9.32 Dream Market O'Reilly Auto Parts, Planet Fitness -
186 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,109 7.16 - Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 44
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
187 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 162,874 75.8 % 1,394 11.30 - Bed Bath & Beyond, Crunch Fitness, Party City, Petco Burlington Stores, Target
188 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 95.4 % 914 7.81 Save-A-Lot Big Lots, Dollar Tree, Planet Fitness -
189 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,243 100.0 % 2,269 18.26 SuperTarget* Best Buy, Dollar Tree, Walgreens -
190 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,233 13.41 Cub Foods (United Natural Foods Inc.) - -
191 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,087 98.2 % 2,390 13.30 - Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx -
192 Elk Park Center Elk River MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 205,009 85.8 % 1,982 11.27 Cub Foods (Jerry's Foods) Planet Fitness -
193 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,617 97.0 % 1,856 21.76 Cub Foods (United Natural Foods Inc.)* - -
194 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 95.9 % 2,274 11.10 - Marshalls, Michaels -
195 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 81,506 94.1 % 1,011 19.39 ALDI, Cub Foods (Jerry's Foods)* Dollar Tree -
196 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 98.5 % 1,837 15.72 Fresh Thyme Farmers Market Dollar Tree, Marshalls -
197 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 83.0 % 2,307 13.13 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Planet Fitness, T.J.Maxx, Valu Thrift Store -
198 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 878 12.02 Festival Foods Dollar Tree -
199 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,446 95.5 % 1,635 12.77 ALDI Michaels, Party City, Petco, Tuesday Morning -
200 Hub Shopping Center Independence MO Kansas City, MO-KS 1995 160,423 94.8 % 884 6.20 Price Chopper Dollar Tree -
201 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 99.0 % 1,355 8.47 Price Chopper Ace Hardware -
202 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 93.1 % 1,051 9.05 Price Chopper - -
203 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 466 6.82 Schnucks - -
204 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,572 15.05 - Burlington Stores, Dollar Tree, Harbor Freight Tools, REI -
205 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 284,224 93.7 % 4,189 15.73 Walmart Neighborhood Market Burlington Stores, Dollar Tree, Staples -
206 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 89.6 % 1,937 9.37 Patel Brothers Big Lots, Gabriel Brothers, The Home Depot, Value City Furniture -
207 Macon Plaza Franklin NC — 2001 92,583 75.6 % 495 17.80 Food Lion (Ahold Delhaize) - -
208 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 184,257 99.2 % 2,379 13.01 LIDL Burn Boot Camp, Citi Trends, OfficeMax, PetSmart Target, The Home Depot
209 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 91.3 % 3,612 13.89 Walmart Supercenter* Best Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, Ross Dress for Less, Skechers -
210 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 406,768 98.7 % 5,779 14.39 - Burlington Stores, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for Less, Ulta Target
211 University Commons Greenville NC Greenville, NC 1996 233,153 95.5 % 3,051 13.71 Harris Teeter (Kroger) Barnes & Noble, Overstock Furniture & Mattress, Petco, T.J.Maxx Target
212 Valley Crossing Hickory NC Hickory-Lenoir-Morganton, NC 2014 191,431 98.8 % 1,781 9.41 - Academy Sports + Outdoors, American Freight Furniture, Dollar Tree, Harbor Freight Tools, Ollie's Bargain Outlet -
213 Kinston Pointe Kinston NC Kinston, NC 2001 250,580 99.6 % 1,067 4.30 Walmart Supercenter Dollar Tree -
214 Magnolia Plaza Morganton NC Hickory-Lenoir-Morganton, NC 1990 93,553 85.5 % 672 8.40 - Big Lots, Harbor Freight Tools Rural King
215 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 100.0 % 1,565 16.10 - Person County Health & Human Services -
216 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 98.7 % 4,148 12.03 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown -
217 Crossroads Statesville NC Charlotte-Concord-Gastonia, NC-SC 1997 146,676 98.6 % 1,805 12.48 Walmart Supercenter* Big Lots, Burkes Outlet, Tractor Supply Co. -
218 Anson Station Wadesboro NC Charlotte-Concord-Gastonia, NC-SC 1988 132,353 83.1 % 730 6.64 Food Lion (Ahold Delhaize) Rose's, Tractor Supply Co. -
219 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 95.1 % 1,980 14.89 - Burlington Stores, PetSmart, PopShelf, Sportsmans Warehouse Target
220 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 3,602 15.31 Lowes Foods HomeGoods, T.J.Maxx -
221 Whitaker Square Winston Salem NC Winston-Salem, NC 1996 82,760 96.6 % 1,183 14.80 Harris Teeter (Kroger) - -
222 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 282,493 81.2 % 2,664 12.66 Super Compare Foods Badcock Home Furniture, Citi Trends, Modern Home, Office Depot - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 45
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
223 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 100.0 % 944 13.06 - Golf Galaxy, Mattress Firm, OfficeMax -
224 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 97,602 93.2 % 1,576 17.33 - Bed Bath & Beyond, Boston Interiors -
225 Capitol Shopping Center Concord NH Concord, NH 2001 191,887 97.4 % 2,149 12.37 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls -
226 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,400 19.94 Patel Brothers New Hampshire Liquor and Wine Outlet, Petco The Home Depot
227 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 91,690 85.6 % 571 7.28 - JOANN, NH1 MotorPlex Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
228 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 150,504 96.6 % 1,509 10.38 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx -
229 Laurel Square (3) Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2021 246,235 78.7 % 1,628 8.41 Corrado's Market At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square -
230 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 96.2 % 4,613 23.74 ShopRite Burlington Stores, Planet Fitness, Ross Dress For Less -
231 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 2007 52,812 100.0 % 1,422 26.93 Acme (Albertsons) - -
232 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 247,991 88.9 % 3,001 13.79 LIDL Big Lots, LA Fitness, Ross Dress for Less, Staples -
233 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 160,969 97.5 % 1,882 11.99 Grocery Outlet Crab Du Jour, Dollar Tree, Planet Fitness, Rothman Orthopaedic Institue -
234 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ-PA 2002 127,230 89.7 % 1,562 13.68 Super Stop & Shop (Ahold Delhaize) - -
235 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 335,378 95.3 % 6,725 21.16 Sprouts Farmers Market Burlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx -
236 Middletown Plaza Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2001 197,066 98.2 % 3,688 19.32 - Petco, Walgreens -
237 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 87.9 % 1,137 31.48 ShopRite - -
238 Old Bridge Gateway (3) Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2021 254,707 92.6 % 4,207 17.98 Bhavani Food Market, TBA Marshalls, Pep Boys, Petco, Robert Wood Johnson Fitness -
239 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ-PA 1994 159,561 96.8 % 2,922 18.92 - Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls -
240 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,822 69.6 % 1,230 12.91 ShopRite* PetSmart, Planet Fitness -
241 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,199 93.1 % 3,220 19.30 ShopRite Dollar Tree, Staples -
242 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 100.0 % 657 18.15 ShopRite - -
243 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 96.5 % 1,462 17.27 - Dollar Tree, Jersey Strong -
244 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 91.6 % 2,942 15.42 Walmart Supercenter* Dollar Tree, Marshalls, Rainbow Shops, Ross Dress for Less, Staples, Ulta -
245 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 76.5 % 2,279 33.22 - T.J.Maxx -
246 Erie Canal Centre DeWitt NY Syracuse, NY 2018 123,404 100.0 % 1,724 13.97 - Burlington Stores, Dick's Sporting Goods, Michaels -
247 Unity Plaza East Fishkill NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,450 21.49 Acme (Albertsons) True Value -
248 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,480 70.1 % 1,359 23.71 BJ's Wholesale*, TBA Five Below Kohl's, Walmart
249 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 94.4 % 2,066 28.24 Stop & Shop*, Wild by Nature Market* Ace Hardware Rite Aid
250 Stewart Plaza (3) Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2021 205,630 97.2 % 3,389 17.13 - Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites -
251 Dalewood I, II & III Shopping Center Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 1972 194,441 94.9 % 6,311 34.99 H-Mart Christmas Tree Shops, T.J.Maxx -
252 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 84.0 % 1,555 9.92 - Big Lots, Dollar Tree, JOANN, Party City, Planet Fitness, True Value -
253 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,627 22.53 Key Food Marketplace T.J.Maxx -
254 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 611 35.94 Trader Joe's - -
255 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 100.0 % 1,510 24.39 KolSave Market* Advance Auto Parts, Dollar Tree, Planet Fitness -
256 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,848 95.1 % 1,329 37.93 North Shore Farms CVS -
257 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 95.5 % 3,168 15.33 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers -
258 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 87.2 % 2,063 11.66 - Big Lots, Citi Trends, David's Bridal, Hobby Lobby -
259 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 100.0 % 1,982 16.25 ShopRite Better Lifestyle Club, U.S. Post Office, Walgreens - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 46
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
260 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 251,322 84.6 % 5,290 27.11 A Matter of Health Barnes & Noble, Marshalls, Petco -
261 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,429 87.8 % 1,291 37.28 - Harmon Discount -
262 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 97.3 % 3,255 25.73 - Dollar Tree, HomeGoods -
263 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,026 20.44 Fine Fare CVS, T.J.Maxx -
264 Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 118,589 100.0 % 2,942 24.81 Costco* HomeSense, Marshalls, Petsmart, Ulta -
265 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,261 28.57 - HomeGoods, Rite Aid -
266 College Plaza Selden NY New York-Newark-Jersey City, NY-NJ-PA 2013 184,714 97.6 % 2,954 19.56 ShopRite Wren Kitchens Firestone
267 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 98.7 % 1,937 12.21 - Olum's Furniture & Appliances, Staples, Walgreens -
268 Parkway Plaza Vestal NY Binghamton, NY 1995 207,154 100.0 % 2,144 10.35 - Bed Bath & Beyond, Kohl's, PetSmart Target
269 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 95.3 % 1,432 16.27 - HomeGoods, Michaels, Old Navy -
270 Town Square Mall Vestal NY Binghamton, NY 1991 291,346 90.9 % 4,329 16.34 Sam's Club*, Walmart Supercenter* AMC Theatres, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta -
271 The Plaza at Salmon Run Watertown NY Watertown-Fort Drum, NY 1993 68,761 94.1 % 714 11.03 Hannaford Bros. (Ahold Delhaize) Red Robin Gourmet Burger Lowe's
272 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 98.4 % 2,764 31.74 H-Mart - -
273 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 143,282 98.9 % 2,143 15.67 Giant Eagle - The Home Depot
274 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 223,843 94.5 % 2,525 18.30 Kroger Petco, Planet Fitness, Rainbow Shops -
275 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 163,634 99.5 % 1,486 9.13 Kroger Pet Supplies Plus, Salvation Army -
276 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,356 93.8 % 3,465 14.58 Fresh Thyme Farmers Market HomeGoods, LA Fitness, Pet Supplies Plus, T.J.Maxx -
277 Western Hills Plaza (3) Cincinnati OH Cincinnati, OH-KY-IN 2021 236,692 98.3 % 4,442 19.83 - Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, Ulta Target
278 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 97.8 % 1,220 37.45 Kroger - -
279 Crown Point Columbus OH Columbus, OH 1980 144,931 94.5 % 1,418 10.35 Kroger Dollar Tree, Planet Fitness -
280 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 83.9 % 1,201 11.73 Kroger - -
281 Brandt Pike Place Dayton OH Dayton-Kettering, OH 2008 17,900 100.0 % 209 11.68 Kroger* - -
282 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 96.7 % 4,347 13.78 Health Foods Unlimited Burlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Value City Furniture -
283 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 78.8 % 5,436 11.84 BJ's Wholesale Club*, Giant Eagle, Marc's Cleveland Furniture Bank, JOANN, Marshalls, Party City, UFC Gym -
284 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 100.0 % 1,174 16.77 - Ollie's Bargain Outlet, Sears Outlet -
285 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,167 78.2 % 1,935 36.70 Kroger - -
286 Brice Park Reynoldsburg OH Columbus, OH 1989 158,300 98.3 % 1,524 11.04 - Ashley Furniture, Citi Trends, Dollar Tree, Michaels, Sheetz -
287 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 292,605 84.0 % 1,775 12.70 Kroger Big Lots, Crunch Fitness, Harbor Freight Tools -
288 Marketplace Tulsa OK Tulsa, OK 1992 186,851 100.0 % 1,920 10.28 - Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmart Best Buy
289 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 86.0 % 2,335 19.32 Giant Food (Ahold Delhaize) CVS, Dollar Tree -
290 Park Hills Plaza Altoona PA Altoona, PA 1985 266,512 87.4 % 2,430 10.54 Weis Markets Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park -
291 Bethel Park Shopping Center Bethel Park PA Pittsburgh, PA 1965 202,349 100.0 % 2,119 11.80 Giant Eagle Pep Boys, Walmart -
292 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 97.0 % 4,036 14.00 Giant Food (Ahold Delhaize) Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe -
293 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 88.6 % 1,994 8.87 - Complete Liquidators, Dollar Tree, Family Dollar, Ollie's Bargain Outlet -
294 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 69.9 % 420 13.04 - - -
295 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 87.3 % 2,419 19.28 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe -
296 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 110,430 79.9 % 1,495 16.95 Kimberton Whole Foods Pep Boys, Rascal Fitness -
297 Plymouth Square Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1959 235,601 72.9 % 3,494 20.34 Weis Markets Marshalls, REI - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 47
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
298 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 74,432 93.1 % 1,851 26.70 Giant Food (Ahold Delhaize) - -
299 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 105,086 26.8 % 537 19.04 - - -
300 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 1997 312,699 84.5 % 2,800 18.58 - Burlington Stores, Dollar Tree, Gabe's, Party City, PetSmart, The Home Depot, T.J.Maxx -
301 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 237,681 99.0 % 3,639 15.46 - Kohl's, Marshalls, Regal Cinemas -
302 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 98.0 % 1,337 18.14 - Dollar Tree, Ross Dress for Less, Tuesday Morning, U.S. Post Office -
303 New Garden Center Kennett Square PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1979 144,920 94.8 % 1,040 7.74 - Big Lots, Ollie's Bargain Outlet, Planet Fitness -
304 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 93.1 % 994 19.60 Weis Markets* - -
305 Village at Newtown (3) Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 219,131 89.8 % 6,633 34.68 McCaffrey's Ulta -
306 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 93.4 % 2,682 27.00 - Dollar Tree, Target, Wine & Spirits Shoppe -
307 Roosevelt Mall Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 581,405 92.3 % 8,043 35.92 - LA Fitness, Macy's, Rainbow Shops, Ross Dress For Less -
308 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 95.4 % 1,294 7.68 Redner's Warehouse Market Big Lots, Staples -
309 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 92.3 % 1,595 11.18 ALDI Dollar Tree, Planet Fitness, Rite Aid, VF Outlet -
310 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 455 10.91 Fresh Grocer (Wakefern)* EZ Bargains, Rent-A-Center, Super Dollar City -
311 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 98.1 % 3,686 17.21 ShopRite Harbor Freight Tools, Old Navy, Party City, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
312 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 100.0 % 835 13.17 Giant Food (Ahold Delhaize) Penn State Health -
313 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 315,192 97.0 % 2,980 9.75 Redner's Warehouse Market Dollar Tree, Gabe's, National Tire & Battery, PetSmart, Ross Dress for Less, Staples -
314 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 97.3 % 2,366 35.06 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus -
315 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 94.6 % 2,557 16.22 Kroger K1 Speed -
316 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 100.0 % 1,664 19.67 Lowes Foods - -
317 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 96.9 % 908 14.34 - - -
318 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 97.3 % 1,679 10.08 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Tuesday Morning -
319 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 76.3 % 2,258 9.22 - Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet -
320 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 98.0 % 2,375 18.51 - Ross Dress for Less, T.J.Maxx Target
321 Hillcrest Market Place Spartanburg SC Spartanburg, SC 1965 360,277 74.9 % 3,785 14.57 Publix Marshalls, NCG Cinemas, Petco, Ross Dress for Less -
322 East Ridge Crossing Chattanooga TN Chattanooga, TN-GA 1999 58,950 93.9 % 586 10.59 Food Lion (Ahold Delhaize) - -
323 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,948 100.0 % 3,026 11.38 ALDI At Home, Big Lots, Franklin Athletic Club, Trees n Trends -
324 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 98.9 % 4,054 12.37 - Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness -
325 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 96.4 % 1,952 9.14 - Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less -
326 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 974 8.16 - Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park -
327 The Commons at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 95.1 % 9,717 16.31 - Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Dave & Busters, David's Bridal, DSW, Office Depot, Painted Tree Marketplace, PetSmart, T.J.Maxx Target, The Home Depot
328 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 91.4 % 1,358 13.02 Kroger Aaron's -
329 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 100.0 % 1,148 13.22 Kroger - Walgreens
330 Commerce Central Tullahoma TN Tullahoma-Manchester, TN 1995 36,000 82.5 % 448 15.08 Walmart Supercenter* Dollar Tree -
331 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 169,405 96.7 % 2,100 12.82 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet Fitness Fry's Electronics
332 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 91.2 % 1,337 15.28 - 24 Hour Fitness -
333 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 98.5 % 688 9.75 El Ahorro Supermarket Dollar Tree, Family Dollar - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 48
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
334 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 88.8 % 945 7.77 - Tops Printing -
335 Central Station College Station TX College Station-Bryan, TX 1976 178,245 94.6 % 3,043 18.49 - Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's
336 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 98.1 % 1,397 27.69 Kroger CVS -
337 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 100.0 % 1,165 13.76 - Crunch Fitness, Dollar Tree, Tuesday Morning -
338 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 98.7 % 600 9.18 - Family Dollar -
339 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 100.0 % 768 11.14 - Canales, Family Dollar -
340 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 97.0 % 472 10.69 - Big Lots, O'Reilly Auto Parts -
341 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 89.9 % 1,152 12.39 El Rio Grande Latin Market Family Dollar -
342 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2021 464,995 92.5 % 6,131 14.52 El Rancho, Kroger Fallas, Five Below, Gambro Healthcare, Kids Empire, LA Fitness, Mi Doctor, Ross Dress for Less -
343 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 91.9 % 1,003 9.24 Food Town Burkes Outlet, Walgreens -
344 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 789,559 85.9 % 14,917 22.15 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Ross Dress for Less, T.J.Maxx -
345 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 92.0 % 1,764 11.24 Tom Thumb (Albertsons) Fan Boys, Goody Goody Wine & Spirits -
346 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 94.9 % 3,966 21.18 Tom Thumb (Albertsons) DSW, Ulta -
347 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 94.4 % 1,206 14.37 Truong Nguyen Grocer - -
348 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.8 % 1,192 12.15 - Painted Tree Marketplace, Planet Fitness -
349 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 100.0 % 784 11.13 Kroger - -
350 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 97.0 % 1,001 29.57 Kroger - -
351 Braes Heights (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2021 92,179 93.1 % 2,250 26.23 - CVS, I W Marks Jewelers, My Salon Suites -
352 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,382 94.5 % 621 7.19 Food Town - -
353 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,717 100.0 % 937 13.03 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions -
354 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 91.1 % 1,460 16.26 ALDI 24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors -
355 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 96.6 % 2,214 11.01 El Rancho Big Lots, Conn's -
356 Jester Village (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2021 62,665 88.4 % 1,244 22.45 - 24 Hour Fitness -
357 Jones Plaza (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2021 111,206 80.1 % 907 10.19 La Michoacana Supermarket Aaron's, Fitness Connection -
358 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 98.9 % 1,554 9.25 - Big Lots, Hobby Lobby, Octapharma -
359 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 96.1 % 916 9.61 Foodarama Burke's Outlet, Kids Empire -
360 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,451 96.9 % 3,460 14.49 Kroger Big Lots, Petco, Planet Fitness, Ross Dress for Less, Tuesday Morning -
361 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 40,244 100.0 % 354 8.80 El Rancho* Affordable Furniture, Firestone, TitleMax -
362 Northshore Houston TX Houston-The Woodlands-Sugar Land, TX 2001 223,954 92.6 % 2,860 14.01 Sellers Bros. Conn's, Dollar Tree, Office Depot -
363 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,666 94.1 % 2,494 14.08 El Rancho 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) -
364 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,704 84.3 % 1,608 10.85 - 24 Hour Fitness, Floor & Décor -
365 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 144,929 96.3 % 3,301 23.65 H-E-B - -
366 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 83,343 97.9 % 1,284 15.88 ALDI Dollar Tree, Party City, Salon In The Park -
367 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 96.5 % 2,359 9.95 Fiesta Mart King Dollar, Marshalls, Sanitas Medical Center -
368 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 95.2 % 2,028 15.52 Kroger LA Fitness -
369 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 186,732 94.7 % 2,147 12.50 Kroger Burkes Outlet -
370 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 95.9 % 1,354 9.02 Kroger American Freight Furniture, Harbor Freight Tools, Walgreens -
371 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 142,058 88.5 % 2,748 22.86 Central Market (H-E-B) - -
372 Preston Park Village Plano TX Dallas-Fort Worth-Arlington, TX 1985 270,128 66.5 % 4,639 25.84 - Gap Factory Store, Rollie Pollies Gymnastics Center -
373 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,293 85.5 % 1,257 12.14 El Rancho Family Dollar - Supplemental Disclosure - Three Months Ended June 30, 2021 Page 49
--- ---
PROPERTY LIST
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Metropolitan Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) Other Major Tenants Major Tenants
374 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,922 93.1 % 2,170 10.47 Kroger Conn's, Harbor Freight Tools, Planet Fitness -
375 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 94.8 % 2,005 21.00 - Star Cinema Grille -
376 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 74.3 % 833 8.44 - Ollie's Bargain Outlet, Tractor Supply Co. -
377 Hanover Square Mechanicsville VA Richmond, VA 1991 141,620 94.4 % 2,027 15.17 - Gold's Gym, Hobby Lobby Kohl's
378 Tuckernuck Square Richmond VA Richmond, VA 1981 88,220 95.4 % 1,401 16.64 - 2nd & Charles, Chuck E. Cheese's -
379 Cave Spring Corners Roanoke VA Roanoke, VA 2005 147,133 95.7 % 1,155 14.10 Kroger Hamrick's -
380 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 97.1 % 1,428 8.85 - Dollar Tree, Kohl's, PetSmart -
381 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,300 97.7 % 2,873 21.61 Trader Joe's JOANN, Kirkland’s, PetSmart, Ulta -
382 Ridgeview Centre Wise VA Big Stone Gap, VA 1990 190,242 77.4 % 1,153 7.83 - Dollar Tree, Grand Home Furnishings, Harbor Freight Tools, Marshalls, Ollie's Bargain Outlet Belk
383 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 90.0 % 1,901 9.68 Price Chopper Dollar Tree, T.J.Maxx, Walmart -
384 Spring Mall Greenfield WI Milwaukee-Waukesha, WI 2003 45,920 36.0 % 193 11.67 - - Walgreens
385 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 219,230 92.7 % 3,342 16.45 Sendik's Food Market Bed Bath & Beyond, DSW, Marshalls -
386 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 89.0 % 830 9.49 Pick 'n Save (Kroger) - -
387 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,545 90.5 % 1,360 7.38 - Hobby Lobby, Kohl's -
388 Moundsville Plaza Moundsville WV Wheeling, WV-OH 2004 176,156 89.8 % 1,270 8.03 Kroger Big Lots, Dunham's Sports -
389 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 90.7 % 782 11.44 - Office Depot, O'Reilly Auto Parts -
TOTAL PORTFOLIO 67,982,996 91.1 % $ 880,335 $ 15.12
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.
Supplemental Disclosure - Three Months Ended June 30, 2021 Page 50
--- ---

Report a Problem

Category
Description
Email (optional, for follow-up)