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8-K

Brixmor Property Group Inc. (BRX)

8-K 2023-05-01 For: 2023-05-01
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): May 1, 2023

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

Maryland 001-36160 45-2433192
Delaware 333-268091-01 80-0831163
(State or Other Jurisdiction<br>of Incorporation) (Commission<br>File Number) (IRS Employer<br>Identification No.)

450 Lexington Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

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

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

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

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

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

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

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

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

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On May 1, 2023, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the first quarter ended March 31, 2023. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.

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

Item 9.01     Financial Statements and Exhibits

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

99.1 Press release issued May 1, 2023.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the first quarter ended March 31, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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

Date: May 1, 2023 BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary LLC, its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary

Document

Exhibit 99.1

brixmor_logo.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater

Senior Vice President, Investor Relations

800.468.7526

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS FIRST QUARTER 2023 RESULTS

  • Continues to Deliver Strong Operating Metrics -

NEW YORK, MAY 1, 2023 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2023. For the three months ended March 31, 2023 and 2022, net income was $0.37 per diluted share and $0.26 per diluted share, respectively.

Key highlights for the three months ended March 31, 2023 include:

•Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 19.2%, including 0.8 million square

feet of new leases, with rent spreads on comparable space of 43.4%

•Sequentially increased total leased occupancy to a record 94.0%, anchor leased occupancy to 96.1%, and small shop leased occupancy to a record 89.3%

◦Leased to billed occupancy spread totaled 400 basis points

◦Total signed but not yet commenced lease population represented 3.0 million square feet and $56.2 million of annualized base rent

•Reported an increase in same property NOI of 4.9%, including a contribution from base rent of 500 basis points

•Reported Nareit FFO of $151.6 million, or $0.50 per diluted share

•Stabilized $13.5 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline totaling $360.0 million at an expected average incremental NOI yield of 9%

•Completed $124.6 million of dispositions

Subsequent events:

•Updated previously provided NAREIT FFO per diluted share expectations for 2023 to $1.97 - $2.04 from $1.95 - $2.03 and same property NOI growth expectations for 2023 to 2.0% - 3.5% from 1.5% - 3.5%

•The Company’s operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), repurchased $199.6 million of its 3.650% Senior Notes due 2024 pursuant to a cash tender offer (the “Tender Offer”). The Tender Offer was funded with proceeds from the Operating Partnership’s previously disclosed $200.0 million delayed draw term loan

•Appointed Sheryl M. Crosland, an independent director since 2016, as chair of the Company's board of directors following the retirement of John G. Schreiber

“Our results this quarter once again demonstrate the durability and strength of our self-funded business plan, the proven tenant demand for our well-located centers, and, most importantly, the disciplined execution of the Brixmor team in not only delivering growing value for our stakeholders, but positioning this platform for continued outperformance,” commented James Taylor, CEO and President.

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended March 31, 2023 and 2022, net income was $112.2 million, or $0.37 per diluted share, and $79.5 million, or $0.26 per diluted share, respectively.

Nareit FFO

•For the three months ended March 31, 2023 and 2022, Nareit FFO was $151.6 million, or $0.50 per diluted share, and $145.4 million, or $0.49 per diluted share, respectively.

Same Property NOI Performance

•For the three months ended March 31, 2023, the Company reported an increase in same property NOI of 4.9% versus the comparable 2022 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.26 per common share (equivalent to $1.04 per annum) for the second quarter of 2023.

•The dividend is payable on July 17, 2023 to stockholders of record on July 5, 2023, representing an ex-dividend date of July 3, 2023.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended March 31, 2023, the Company stabilized six value enhancing reinvestment projects with a total aggregate net cost of approximately $13.5 million at an average incremental NOI yield of 10% and added five new reinvestment projects to its in process pipeline. Projects added include three anchor space repositioning projects, one outparcel development project, and one redevelopment project, with a total aggregate net estimated cost of approximately $21.5 million at an expected average incremental NOI yield of 9%.

•At March 31, 2023, the value enhancing reinvestment in process pipeline was comprised of 47 projects with an aggregate net estimated cost of approximately $360.0 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 17 anchor space repositioning projects with an aggregate net estimated cost of approximately $63.6 million at an expected incremental NOI yield of 7% - 14%; 11 outparcel development projects with an aggregate net estimated cost of approximately $19.5 million at an expected average incremental NOI yield of 9%; and 19 redevelopment projects with an aggregate net estimated cost of approximately $276.9 million at an expected average incremental NOI yield of 9%.

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

Acquisitions

•During the three months ended March 31, 2023, the Company did not complete any acquisitions.

Dispositions

•During the three months ended March 31, 2023, the Company generated approximately $124.6 million of gross proceeds on the disposition of six shopping centers, as well as two partial properties, comprised of 1.1 million square feet of gross leasable area.

ii

brixmor_logo.jpg

450 Lexington Avenue : New York, NY 10017 : 800.468.7526

CAPITAL STRUCTURE

•At March 31, 2023, the Company had $1.4 billion in liquidity and no debt maturities until June 2024.

•On April 25, 2023, the Operating Partnership repurchased $199.6 million of its 3.650% Senior Notes due 2024 pursuant to the Tender Offer. In connection with the Tender Offer, the Company expects to recognize a gain on extinguishment of debt of approximately $4.3 million, or $0.01 per diluted share, in the second quarter of 2023.

•The Operating Partnership funded the Tender Offer with proceeds from its previously disclosed $200.0 million delayed draw term loan, which was drawn on April 24, 2023. Effective May 1, 2023, the $200.0 million delayed draw term loan has been swapped to a fixed, combined rate of 3.59% (plus a spread of 119 basis points and SOFR adjustment of 10 basis points) through the maturity of the term loan on July 26, 2027.

GUIDANCE

•The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2023 to $1.97 - $2.04 from $1.95 - $2.03 and same property NOI growth expectations for 2023 to 2.0% - 3.5% from 1.5% - 3.5%.

•Expectations for 2023 Nareit FFO:

◦Include the expected gain on extinguishment of debt of approximately $4.3 million, or $0.01 per diluted share, in the second quarter of 2023

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

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

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

(Unaudited, dollars in millions, except per share amounts) 2023E 2023E Per Diluted Share
Net income $290 - $311 $0.96 - $1.03
Depreciation and amortization related to real estate 352 1.17
Gain on sale of real estate assets (48) (0.16)
Impairment of real estate assets 1 0.00
Nareit FFO $595 - $616 $1.97 - $2.04

CONNECT WITH BRIXMOR

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

•Follow Brixmor on:

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

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

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

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

CONFERENCE CALL AND SUPPLEMENTAL INFORMATION

The Company will host a teleconference on Tuesday, May 2, 2023 at 10:00 AM ET. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on May 16, 2023 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13736613) or via the web through May 2, 2024 at https://www.brixmor.com in the Investors section.

iii

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

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

NON-GAAP PERFORMANCE MEASURES

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

Nareit FFO

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

Same Property NOI

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

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450 Lexington Avenue : New York, NY 10017 : 800.468.7526

both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year, or income or expense associated with the Company’s captive insurance company 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 367 retail centers comprise approximately 65 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

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

SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our Form 10-K for the year ended December 31, 2022 and in this report, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; and (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, and taxes. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this report and in our other periodic filings. The forward-looking statements speak only as of the date of this report, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

v

CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of As of
3/31/23 12/31/22
Assets
Real estate
$ 1,806,186 $ 1,820,358
8,398,797 8,405,969
127,254 129,310
525,888 542,714
10,858,125 10,898,351
(3,022,868) (2,996,759)
Real estate, net 7,835,257 7,901,592
Cash and cash equivalents 3,430 16,492
Restricted cash 31,999 4,767
Marketable securities 20,642 21,669
Receivables, net 246,914 264,146
Deferred charges and prepaid expenses, net 157,034 154,141
Real estate assets held for sale — 10,439
Other assets 59,522 62,684
Total assets $ 8,354,798 $ 8,435,930
Liabilities
Debt obligations, net $ 4,958,480 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 508,802 535,419
Total liabilities 5,467,282 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,005 2,999
Additional paid-in capital 3,292,779 3,299,496
Accumulated other comprehensive income (loss) 5,120 8,851
Distributions in excess of net income (413,388) (446,336)
Total equity 2,887,516 2,865,010
Total liabilities and equity $ 8,354,798 $ 8,435,930

All values are in US Dollars.

vi
CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/23 3/31/22
Revenues
Rental income $ 311,130 $ 298,362
Other revenues 314 267
Total revenues 311,444 298,629
Operating expenses
Operating costs 35,895 34,796
Real estate taxes 44,688 41,640
Depreciation and amortization 87,741 84,222
Impairment of real estate assets 1,100 4,590
General and administrative 29,172 28,000
Total operating expenses 198,596 193,248
Other income (expense)
Dividends and interest 15 75
Interest expense (48,680) (47,322)
Gain on sale of real estate assets 48,468 21,911
Other (405) (539)
Total other income (expense) (602) (25,875)
Net income $ 112,246 $ 79,506
Net income per common share:
Basic $ 0.37 $ 0.27
Diluted $ 0.37 $ 0.26
Weighted average shares:
Basic 300,821 298,528
Diluted 301,833 299,457
vii
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/23 3/31/22
$ 112,246 $ 79,506
Depreciation and amortization related to real estate 86,748 83,190
Gain on sale of real estate assets (48,468) (21,911)
Impairment of real estate assets 1,100 4,590
$ 151,626 $ 145,375
$ 0.50 $ 0.49
301,833 299,457
Transaction expenses, net $ (58) $ (33)
$ (58) $ (33)
$ (0.00) $ (0.00)
Straight-line rental income, net (1) $ 4,001 $ 4,739
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,668 2,044
Straight-line ground rent expense, net (2) 9 8
$ 0.260 $ 0.240
$ 78,142 $ 71,877
51.5 % 49.4 %
(1) Includes straight-line rental income reversals and re-establishments of (1.5 million) and (0.1 million) during the three months ended March 31, 2023 and 2022, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

viii
SAME PROPERTY NOI ANALYSIS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/23 3/31/22 Change
Same Property NOI Analysis
Number of properties 350 350 —
Percent billed 90.2 % 88.7 % 1.5 %
Percent leased 94.1 % 92.3 % 1.8 %
Revenues
Base rent $ 211,406 $ 201,335
Expense reimbursements 66,611 61,682
Revenues deemed uncollectible (899) 2,056
Ancillary and other rental income / Other revenues 5,460 5,452
Percentage rents 3,762 3,403
286,340 273,928 4.5 %
Operating expenses
Operating costs (34,092) (32,634)
Real estate taxes (40,290) (39,185)
(74,382) (71,819) 3.6 %
Same property NOI $ 211,958 $ 202,109 4.9 %
NOI margin 74.0 % 73.8 %
Expense recovery ratio 89.6 % 85.9 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent $ 10,071 5.0 %
Revenues deemed uncollectible (2,955) (1.5) %
Net expense reimbursements 2,366 1.2 %
Ancillary and other rental income / Other revenues 8 0.0 %
Percentage rents 359 0.2 %
4.9 %
Reconciliation of Net Income to Same Property NOI
Net income $ 112,246 $ 79,506
Adjustments:
Non-same property NOI (9,956) (12,163)
Lease termination fees (2,269) (1,130)
Straight-line rental income, net (4,001) (4,739)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,668) (2,044)
Straight-line ground rent expense, net (9) (8)
Depreciation and amortization 87,741 84,222
Impairment of real estate assets 1,100 4,590
General and administrative 29,172 28,000
Total other (income) expense 602 25,875
Same property NOI $ 211,958 $ 202,109
ix
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Document

Exhibit 99.2

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> SUPPLEMENTAL DISCLOSURE
Three Months Ended March 31, 2023
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
Same Property NOI Analysis 11
Capital Expenditures 12
Capitalization, Liquidity & Debt Ratios 13
Debt Obligations 14
Covenant Disclosure 15
Investment Summary
Acquisitions 17
Dispositions 18
Anchor Space Repositioning Summary 19
Outparcel Development Summary 20
Redevelopment Summary 21
Future Redevelopment Opportunities 23
Portfolio Summary
Portfolio Overview 26
Portfolio Composition 27
Top Forty Retailers Ranked by ABR 28
New & Renewal Lease Summary 29
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 30
Lease Expiration Schedule 31
Major CBSA Detail 32
Properties by State 35
Property List 36
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and Youtube at https://www.youtube.com/user/Brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s other periodic filings with the SEC. The forward looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
Supplemental Disclosure - Three Months Ended March 31, 2023
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
Adjusted SOFR Secured Overnight Financing Rate, plus 0.10%.
Anchor Spaces Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR") Contractual monthly base rent as of a specified date, under leases that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.<br><br>References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Essential Tenants Businesses deemed necessary for day-to-day living, such as grocery, pharmacy, and general merchandise (discount) businesses.
Generally Accepted Accounting Principals ("GAAP") GAAP refers to a common set of Uniting States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date.
Local Tenants Single-state operators with fewer than 20 locations.
Nareit National Association of Real Estate Investment Trusts.
Nareit Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Average ABR PSF over the lease term adjusted for tenant improvements and allowances, third party leasing commissions, and tenant specific landlord work (base building costs funded through tenant allowances). For purposes of calculating net effective rent, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of NOI to net income is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the estimated incremental third party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed Billed GLA as a percentage of total GLA.
Percent Leased Leased GLA as a percentage of total GLA.
PSF Per square foot of GLA. Supplemental Disclosure - Three Months Ended March 31, 2023 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
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Term Definition
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of Same Property NOI to net income is provided on page 11.<br><br>Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months<br>Ended 3/31/23
Total properties in Brixmor Property Group portfolio 367
Acquired properties excluded from Same Property NOI (7)
Additional exclusions (1) (10)
Same Property NOI pool (2) 350
(1) Additional exclusions for the three months ended March 31, 2023 and 2022 include 10 properties that were subject to partial dispositions in 2023 and 2022.
(2) The Same Property NOI pool includes the balance of a shopping center when an outparcel has been acquired or if a partial disposition can be disaggregated from the remaining property. Two outparcels acquired in 2022 are excluded from the Same Property NOI pool for the three months ended March 31, 2023, and 2022.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Straight-line Rent Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted<br><br>• EBITDA & Cash Adjusted EBITDA Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are useful to investors in measuring its operating performance because they exclude items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year, or income or expense associated with the Company’s captive insurance company and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods. Supplemental Disclosure - Three Months Ended March 31, 2023 Page 2
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RESULTS OVERVIEW & GUIDANCE ↩ Table of Contents
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Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Summary Financial Results 3/31/23 3/31/22
Total revenues (page 6) 311,444 298,629
Net income (page 6) 112,246 79,506
Net income per diluted share (page 6) 0.37 0.26
NOI (page 10) 221,914 214,272
EBITDA (page 7) 249,377 211,749
EBITDAre (page 7) 202,009 194,428
Adjusted EBITDA (page 7) 202,067 194,461
Cash Adjusted EBITDA (page 7) 195,389 187,670
Nareit FFO (page 8) 151,626 145,375
Nareit FFO per diluted share (page 8) 0.50 0.49
Items that impact FFO comparability, net per share (page 8) (0.00) (0.00)
Dividends declared per share (page 8) 0.260 0.240
Dividend payout ratio (as % of Nareit FFO) (page 8) 51.5 49.4
Three Months Ended
Summary Operating and Financial Ratios 3/31/23 12/31/22 9/30/22 6/30/22 3/31/22
NOI margin (page 10) 73.4 73.0 73.7 74.1 73.7
Same property NOI performance (page 11) (1) 4.9 7.3 3.6 6.7 8.4
Fixed charge coverage, current quarter annualized (page 13) 4.2x 4.1x 4.1x 4.2x 4.1x
Fixed charge coverage, trailing twelve months (page 13) 4.1x 4.1x 4.1x 4.0x 4.0x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 13) (2) 6.1x 6.4x 6.4x 6.4x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 13) (2) 6.2x 6.4x 6.5x 6.6x 6.5x
Outstanding Classes of Stock As of 3/31/23 As of 12/31/22 As of 9/30/22 As of 6/30/22 As of 3/31/22
Common shares outstanding (page 13) 300,548 299,916 299,913 299,669 299,488
Three Months Ended
Summary Acquisitions and Dispositions 3/31/23 12/31/22 9/30/22 6/30/22 3/31/22
Aggregate purchase price of acquisitions (page 17) — — — 251,125 159,475
Aggregate sale price of dispositions (page 18) 124,550 112,800 29,100 84,536 60,930
NOI adjustment for acquisitions and dispositions, net (3) (1,598)
Summary Portfolio Statistics (4) As of 3/31/23 As of 12/31/22 As of 9/30/22 As of 6/30/22 As of 3/31/22
Number of properties (page 26) 367 373 378 379 380
Percent billed (page 26) 90.0 90.2 89.6 89.0 88.6
Percent leased (page 26) 94.0 93.8 93.3 92.5 92.1
ABR PSF (page 26) 16.46 16.19 16.02 15.90 15.64
New lease rent spread (page 29) 43.4 43.8 32.2 34.3 35.9
New & renewal lease rent spread (page 29) 19.2 18.3 14.2 14.6 18.1
Total - new, renewal & option lease rent spread (page 29) 14.9 14.8 10.9 12.5 13.1
Total - new, renewal & option GLA (page 29) 2,453,972 2,589,069 2,791,073 2,885,438 2,307,147
2023 Guidance Current Previous(at 2/13/2023) YTD
Nareit FFO per diluted share 1.97 - 2.04 1.95 - 2.03 0.50
Same property NOI performance 2.0% - 3.5% 1.5% - 3.5% 4.9%
(1) Reflects same property NOI as reported for the specified period.
(2) Net principal debt is as of the end of each specified period.
(3) Represents an estimate of the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended March 31, 2023
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
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Unaudited, dollars in thousands, except share information
As of As of
3/31/23 12/31/22
Assets
Real estate
$ 1,806,186 $ 1,820,358
8,398,797 8,405,969
127,254 129,310
525,888 542,714
10,858,125 10,898,351
(3,022,868) (2,996,759)
Real estate, net 7,835,257 7,901,592
Cash and cash equivalents 3,430 16,492
Restricted cash 31,999 4,767
Marketable securities 20,642 21,669
Receivables, net 246,914 264,146
Deferred charges and prepaid expenses, net 157,034 154,141
Real estate assets held for sale — 10,439
Other assets 59,522 62,684
Total assets $ 8,354,798 $ 8,435,930
Liabilities
Debt obligations, net $ 4,958,480 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 508,802 535,419
Total liabilities 5,467,282 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,005 2,999
Additional paid-in capital 3,292,779 3,299,496
Accumulated other comprehensive income (loss) 5,120 8,851
Distributions in excess of net income (413,388) (446,336)
Total equity 2,887,516 2,865,010
Total liabilities and equity $ 8,354,798 $ 8,435,930

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
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Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/23 3/31/22
Revenues
Rental income $ 311,130 $ 298,362
Other revenues 314 267
Total revenues 311,444 298,629
Operating expenses
Operating costs 35,895 34,796
Real estate taxes 44,688 41,640
Depreciation and amortization 87,741 84,222
Impairment of real estate assets 1,100 4,590
General and administrative 29,172 28,000
Total operating expenses 198,596 193,248
Other income (expense)
Dividends and interest 15 75
Interest expense (48,680) (47,322)
Gain on sale of real estate assets 48,468 21,911
Other (405) (539)
Total other income (expense) (602) (25,875)
Net income $ 112,246 $ 79,506
Net income per common share:
Basic $ 0.37 $ 0.27
Diluted $ 0.37 $ 0.26
Weighted average shares:
Basic 300,821 298,528
Diluted 301,833 299,457
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 6
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EBITDA ↩Table of<br><br>Contents
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Unaudited, dollars in thousands
Three Months Ended
3/31/23 3/31/22
Net income $ 112,246 $ 79,506
Interest expense 48,680 47,322
Federal and state taxes 710 699
Depreciation and amortization 87,741 84,222
EBITDA 249,377 211,749
Gain on sale of real estate assets (48,468) (21,911)
Impairment of real estate assets 1,100 4,590
EBITDAre $ 202,009 $ 194,428
EBITDAre $ 202,009 $ 194,428
Transaction expenses, net 58 33
Total adjustments 58 33
Adjusted EBITDA $ 202,067 $ 194,461
Adjusted EBITDA $ 202,067 $ 194,461
Straight-line rental income, net (1) (4,001) (4,739)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,668) (2,044)
Straight-line ground rent expense, net (2) (9) (8)
Total adjustments (6,678) (6,791)
Cash Adjusted EBITDA $ 195,389 $ 187,670
(1) For more information regarding straight-line rental income reversals and re-establishments please see page 8, footnote 1.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 7
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FUNDS FROM OPERATIONS (FFO) ↩Table of<br><br>Contents
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Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/23 3/31/22
$ 112,246 $ 79,506
Depreciation and amortization related to real estate 86,748 83,190
Gain on sale of real estate assets (48,468) (21,911)
Impairment of real estate assets 1,100 4,590
$ 151,626 $ 145,375
$ 0.50 $ 0.49
301,833 299,457
Transaction expenses, net $ (58) $ (33)
$ (58) $ (33)
$ (0.00) $ (0.00)
Straight-line rental income, net (1) $ 4,001 $ 4,739
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,668 2,044
Straight-line ground rent expense, net (2) 9 8
$ 0.260 $ 0.240
$ 78,142 $ 71,877
51.5 % 49.4 %
(1) Includes straight-line rental income reversals and re-establishments of (1.5 million) and (0.1 million) during the three months ended March 31, 2023 and 2022, respectively.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 8
SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
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Unaudited, dollars in thousands
As of As of
3/31/23 12/31/22
Receivables, net
Straight-line rent receivable, net $ 162,388 $ 159,823
Tenant receivables, net 78,288 97,825
Other 6,238 6,498
Total receivables, net $ 246,914 $ 264,146
Deferred charges and prepaid expenses, net
Deferred charges, net $ 134,310 $ 132,283
Prepaid expenses, net 22,724 21,858
Total deferred charges and prepaid expenses, net $ 157,034 $ 154,141
Other assets
Right-of-use asset $ 34,801 $ 35,754
Furniture, fixtures and leasehold improvements, net 13,270 13,800
Interest rate swaps 7,383 9,640
Other 4,068 3,490
Total other assets $ 59,522 $ 62,684
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 246,204 $ 269,286
Below market leases, net 92,902 96,837
Dividends payable 80,851 81,633
Lease liability 38,867 39,923
Interest rate swaps 1,731 —
Other 48,247 47,740
Total accounts payable, accrued expenses and other liabilities $ 508,802 $ 535,419
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
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Unaudited, dollars in thousands
Three Months Ended
3/31/23 3/31/22
Net Operating Income Detail
Base rent $ 222,202 $ 213,879
Expense reimbursements 71,865 65,626
Revenues deemed uncollectible (1,086) 2,038
Ancillary and other rental income / Other revenues 5,744 5,733
Percentage rents 3,781 3,440
Operating costs (35,904) (34,804)
Real estate taxes (44,688) (41,640)
Net operating income $ 221,914 $ 214,272
Operating Ratios
NOI margin (NOI / revenues) 73.4 % 73.7 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 89.2 % 85.8 %
Reconciliation of Net Operating Income to Net Income
Net operating income $ 221,914 $ 214,272
Lease termination fees 2,269 1,130
Straight-line rental income, net (1) 4,001 4,739
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,668 2,044
Straight-line ground rent expense, net (2) 9 8
Depreciation and amortization (87,741) (84,222)
Impairment of real estate assets (1,100) (4,590)
General and administrative (29,172) (28,000)
Total other income (expense) (602) (25,875)
Net income $ 112,246 $ 79,506
Supplemental Statement of Operations Detail
Rental income
Base rent $ 222,202 $ 213,879
Expense reimbursements 71,865 65,626
Revenues deemed uncollectible (1,086) 2,038
Lease termination fees 2,269 1,130
Straight-line rental income, net (1) 4,001 4,739
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,668 2,044
Ancillary and other rental income 5,430 5,466
Percentage rents 3,781 3,440
Total rental income $ 311,130 $ 298,362
Other revenues $ 314 $ 267
Interest expense
Note interest $ 42,654 $ 42,908
Unsecured credit facility and term loan interest 5,936 4,041
Capitalized interest (949) (677)
Deferred financing cost amortization 1,755 1,766
Debt premium and discount accretion, net (716) (716)
Total interest expense $ 48,680 $ 47,322
Other
Federal and state taxes $ 710 $ 699
Other (305) (160)
Total other $ 405 $ 539
Additional General and Administrative Disclosures
Capitalized construction compensation costs $ 4,633 $ 4,216
Capitalized leasing legal costs (3) 1,373 1,529
Capitalized leasing commission costs 2,211 1,872
Equity compensation expense, net 4,191 4,315
(1) For more information regarding straight-line rental income reversals and re-establishments please see page 8, footnote 1.
(2) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
(3) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 10
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SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
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Unaudited, dollars in thousands
Three Months Ended
3/31/23 3/31/22 Change
Same Property NOI Analysis
Number of properties 350 350 —
Percent billed 90.2 % 88.7 % 1.5 %
Percent leased 94.1 % 92.3 % 1.8 %
Revenues
Base rent $ 211,406 $ 201,335
Expense reimbursements 66,611 61,682
Revenues deemed uncollectible (899) 2,056
Ancillary and other rental income / Other revenues 5,460 5,452
Percentage rents 3,762 3,403
286,340 273,928 4.5 %
Operating expenses
Operating costs (34,092) (32,634)
Real estate taxes (40,290) (39,185)
(74,382) (71,819) 3.6 %
Same property NOI $ 211,958 $ 202,109 4.9 %
NOI margin 74.0 % 73.8 %
Expense recovery ratio 89.6 % 85.9 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution
Base rent $ 10,071 5.0 %
Revenues deemed uncollectible (2,955) (1.5) %
Net expense reimbursements 2,366 1.2 %
Ancillary and other rental income / Other revenues 8 0.0 %
Percentage rents 359 0.2 %
4.9 %
Reconciliation of Net Income to Same Property NOI
Net income $ 112,246 $ 79,506
Adjustments:
Non-same property NOI (9,956) (12,163)
Lease termination fees (2,269) (1,130)
Straight-line rental income, net (4,001) (4,739)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,668) (2,044)
Straight-line ground rent expense, net (9) (8)
Depreciation and amortization 87,741 84,222
Impairment of real estate assets 1,100 4,590
General and administrative 29,172 28,000
Total other (income) expense 602 25,875
Same property NOI $ 211,958 $ 202,109
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended
3/31/23 3/31/22
Leasing related:
Tenant improvements and tenant inducements $ 18,373 $ 17,269
External leasing commissions 2,791 3,497
21,164 20,766
Maintenance capital expenditures 10,644 11,057
Total leasing related and maintenance capital expenditures $ 31,808 $ 31,823
Value-enhancing:
Anchor space repositionings $ 8,993 $ 6,502
Outparcel developments 1,244 1,322
Redevelopments 28,620 20,666
New development — 235
Other (1) 4,690 5,995
Total value-enhancing capital expenditures $ 43,547 $ 34,720
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar array installations.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 12
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CAPITALIZATION, LIQUIDITY & DEBT RATIOS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars and shares in thousands except per share amounts
As of As of
3/31/23 12/31/22
Common shares outstanding 300,548 299,916
Common share price $ 21.52 $ 22.67
$ 6,467,793 $ 6,799,096
Revolving credit facility $ 47,000 $ 125,000
Term loan facility 300,000 300,000
Unsecured notes 4,618,453 4,618,453
4,965,453 5,043,453
23,072 23,787
(30,045) (31,739)
4,958,480 5,035,501
(35,429) (21,259)
$ 4,923,051 $ 5,014,242
$ 11,390,844 $ 11,813,338
Cash and cash equivalents and restricted cash $ 35,429 $ 21,259
Available under Revolving Credit Facility (1) 1,202,475 1,124,475
Available under Term Loan Facility (2) 200,000 200,000
$ 1,437,904 $ 1,345,734
Principal debt to total market capitalization 43.6 % 42.7 %
Principal debt to total assets, before depreciation 43.6 % 44.1 %
Unencumbered assets to unsecured debt 2.3x 2.3x
Net principal debt to Adjusted EBITDA, current quarter annualized (3) 6.1x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (3) 6.2x 6.4x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.2x 4.1x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.1x 4.1x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.2x 4.1x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.1x 4.1x
As of As of
3/31/23 12/31/22
Percentage of total debt: (4)
Fixed 99.0 % 97.5 %
Variable 1.0 % 2.5 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 4.7 5.0
Variable 3.3 3.5
Total 4.7 4.9
Fitch Ratings BBB Stable
Moody's Investors Service Baa3 Stable
S&P Global Ratings BBB- Positive
(1) Funds available under the Revolving Credit Facility are reduced by three outstanding letters of credit totaling 0.5 million.
(2) Funds available under the Term Loan Facility represent a 200.0 million delayed draw term loan which was drawn on April 24, 2023. Effective May 1, 2023, the 200.0 million delayed draw term loan is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread of 119 basis points and SOFR adjustment of 10 basis points) through the maturity of the term loan on July 26, 2027. On April, 25, 2023, the Company repurchased 199.6 million of its 3.65% 2024 Brixmor OP Notes pursuant to a cash tender offer.
(3) Net principal debt is as of the end of each specified period.
(4) Includes the impact of the Company's interest rate swap agreements.
(5) As of May 1, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 13
DEBT OBLIGATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- ---
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2023 $ — —
2024 500,000 3.65 %
2025 700,000 3.85 %
2026 654,542 4.30 %
2027 700,000 3.85 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
Total Debt Obligations $ 4,965,453 3.72 %
Net unamortized premium 23,072
Deferred financing costs (30,045)
Debt Obligations, Net $ 4,958,480
Summary of Outstanding Debt Obligations
--- --- --- --- --- --- --- --- ---
Outstanding Weighted Average Maturity Percent of
Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Term Loan Facility (Adjusted SOFR + 119 basis points) (2)(3)(4) $ 300,000 3.78 % 7/26/27 6.04 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes (4) 500,000 3.65 % 6/15/24 10.07 %
3.85% 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 14.10 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 12.09 %
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.12 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.02 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 8.06 %
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 7.05 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 15.10 %
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 16.11 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 10.07 %
Total Fixed Rate Unsecured Notes 4,618,453 3.69 % 93.01 %
Total Fixed Rate Debt $ 4,918,453 3.70 % 99.05 %
Revolving Credit Facility (Adjusted SOFR + 104 basis points)(3) $ 47,000 6.01 % 6/30/26 0.95 %
Total Variable Rate Debt $ 47,000 6.01 % 0.95 %
Total Debt Obligations $ 4,965,453 3.72 % 100.00 %
Net unamortized premium 23,072
Deferred financing costs (30,045)
Debt Obligations, Net $ 4,958,480
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective June 1, 2022, 300.0 million of the Term Loan Facility is swapped from Adjusted SOFR to a fixed, combined rate of 2.59% (plus a spread of 119 basis points) through July 26, 2024.
(3) Reflects a 1 basis point rate reduction in the spread due to the achievement of certain sustainability metric targets for the year ended December 31, 2021.
(4) The Term Loan Facility also includes a 200.0 million delayed draw term loan which was drawn on April 24, 2023. Effective May 1, 2023, the 200.0 million delayed draw term loan is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread of 119 basis points and SOFR adjustment of 10 basis points) through the maturity of the term loan on July 26, 2027. On April, 25, 2023, the Company repurchased 199.6 million of its 3.65% 2024 Brixmor OP Notes pursuant to a cash tender offer.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 3/31/23
I. Aggregate debt test < 65% 44.7 %
Total Debt 4,958,480
Total Assets 11,095,951
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 11,095,951
III. Unencumbered asset ratio > 150% 223.8 %
Total Unencumbered Assets 11,095,951
Unsecured Debt 4,958,480
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 4.2x 4.2x
Consolidated EBITDA 797,624 798,350
Annual Debt Service Charge 189,503 189,227
(1) The Company had no secured debt as of March 31, 2023.
(2) For the OP's 2.250% 2028 Notes, 4.050% 2030 Notes, and 2.500% 2031 Notes, the covenant calculation reference period for calculating EBITDA and Debt Service Charge is the most recent twelve months for which it reported financial results. For all other OP Notes, the reference period is the most recent six months for which it reported financial results, annualized.
For detailed descriptions of the unsecured OP notes covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the Securities and Exchange Commission on August 11, 2021 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 3/31/23
I. Leverage ratio < 60% 36.5 %
Total Outstanding Indebtedness 4,965,453
Balance Sheet Cash (1) 40,045
Total Asset Value 13,510,185
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 40,045
Total Asset Value 13,510,185
III. Unsecured leverage ratio < 60% 36.7 %
Total Unsecured Indebtedness 4,965,453
Unrestricted Cash (3) 8,046
Unencumbered Asset Value 13,510,185
IV. Fixed charge coverage ratio > 1.5x 4.6x
Total Net Operating Income 877,609
Capital Expenditure Reserve 9,751
Fixed Charges 188,696
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of March 31, 2023.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the Unsecured Credit Facility covenant calculations and definitions of capitalized terms please refer to the Third Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 28, 2022 filed as Exhibit 10.1 to Form 10-Q, filed with the Securities and Exchange Commission on May 2, 2022.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 15
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> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2023
ACQUISITIONS ↩Table of<br><br>Contents
--- --- ---
Dollars in thousands, except ABR PSF
There were no acquisitions completed during the three months ended March 31, 2023.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 17
--- ---
DISPOSITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Sale Date Sale Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2023
The Plaza at Salmon Run Watertown-Fort Drum, NY 1/12/23 $ 9,100 68,761 94.1 % $ 11.48 Hannaford Bros. (Ahold Delhaize), Red Robin Gourmet Burger
Park Hills - Mattress Firm (4) Altoona, PA 1/20/23 1,800 5,897 100.0 % 22.00 Mattress Firm
Augusta West Plaza Augusta-Richmond County, GA-SC 2/8/23 15,000 170,681 99.2 % 8.49 At Home, Dollar Tree, Hibachi Grill & Supreme Buffet, Octapharma
Groton Square Norwich-New London, CT 2/24/23 31,250 196,802 96.2 % 13.05 Super Stop & Shop (Ahold Delhaize), Kohl's
Kinston Pointe Kinston, NC 3/14/23 13,900 250,580 100.0 % 4.64 Walmart Supercenter, Dollar Tree
Bethel Park Shopping Center Pittsburgh, PA 3/20/23 31,000 202,349 98.3 % 12.02 Giant Eagle, Pep Boys, Walmart
Marketplace Tulsa, OK 3/22/23 20,200 193,276 100.0 % 10.77 Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmart
Briggsmore Plaza - Taco Bell (4) Modesto, CA 3/30/23 2,300 3,000 100.0 % 32.40 Taco Bell
$ 124,550 1,091,346
TOTAL - THREE MONTHS ENDED MARCH 31, 2023 $ 124,550 1,091,346
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 18
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ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Name CBSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2023
1 Center of Bonita Springs Cape Coral-Fort Myers, FL Remerchandise former Old Time Pottery with a 42K SF Kohls and a 29K SF Burlington Stores
2 Coastal Way - Coastal Landing Tampa-St. Petersburg-Clearwater, FL Terminate existing Bed Bath & Beyond and remerchandise with a 28K SF Sprouts Farmers Market
3 Hampton Village Centre Detroit-Warren-Dearborn, MI Combine several small shop spaces for a 15K SF Barnes & Noble
In Process Projects
4 Springdale Mobile, AL Remerchandise former Michaels with a 9K SF Five Below and additional retailers
5 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
6 Lompoc Center Santa Maria-Santa Barbara, CA Remerchandise former grocer with a 22K SF ALDI, an 18K SF Old Navy, and a 15K SF Boot Barn
7 Stratford Square Bridgeport-Stamford-Norwalk, CT Combine former Mattress Firm and Payless for a 10K SF Five Below
8 Granada Shoppes Naples-Marco Island, FL Remerchandise former Orchard Supply Hardware with a 29K SF HomeSense and additional retailers
9 Stone Mountain Festival Atlanta-Sandy Springs-Alpharetta, GA Remerchandise former Hobby Lobby with a 35K SF Conn’s Home Plus and a 17K SF Harbor Freight Tools
10 Westridge Court - Project II Chicago-Naperville-Elgin, IL-IN-WI Reconfigure and remerchandise former Savers with a 26K SF The Fresh Market
11 Maple Village Ann Arbor, MI Remerchandise former Stein Mart with a 25K SF Burlington Stores and a 4K SF America's Best Contacts & Eyeglasses
12 Redford Plaza Detroit-Warren-Dearborn, MI Relocate and rightsize existing Burlington Stores to 30K SF and remerchandise the vacated space with a 15K SF Aaron's and additional retailers
13 Rio Grande Plaza Ocean City, NJ Remerchandise former Peebles with a 20K SF Burlington Stores and a 10K SF Skechers
14 Brentwood Plaza Cincinnati, OH-KY-IN Combine several small shop spaces for a 15K SF Ace Hardware
15 Surrey Square Mall Cincinnati, OH-KY-IN Reconfigure and remerchandise former Marshalls with a 20K SF Advance Auto Parts and a 12K SF Rainbow Shops (expanding from existing adjacent location)
16 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise anchor space with a 44K SF specialty grocer and additional retailers
17 Collegetown Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former Staples with an 11K SF Ulta and a 10K SF Five Below
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 17 $ 63,600 $ 19,150 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended March 31, 2023
1 Columbus Center Columbus, IN Remerchandise former Big Lots with a 21K SF Burlington Stores and a 4K SF Bath & Body Works
2 Downtown Publix Port St. Lucie, FL Expansion of existing Revive Wellness to 14K SF
3 Seacoast Shopping Center Boston-Cambridge-Newton, MA-NH Remerchandise former NH1 Motorsports with a 25K SF The Zoo Health Club and a 22K SF Tractor Supply Co.
4 Franklin Square Charlotte-Concord-Gastonia, NC-SC Relocation of existing H&R Block to accommodate the combination of several small shop spaces for a 10K SF pOpshelf
Number of Projects Net Project <br>Costs (1) NOI Yield (1)
Total Stabilized 4 $ 6,500 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Supplemental Disclosure - Three Months Ended March 31, 2023 Page 19
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OUTPARCEL DEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Stabilization Net Estimated Gross Costs Expected
Property Name CBSA Project Description Quarter Costs (1) to Date NOI Yield (1)
IN PROCESS OUTPARCEL DEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2023
1 Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Construction of a 2K SF Chipotle Jun-24 $ 1,700 $ 150 10 %
In Process Projects
2 Delhi Shopping Center Cincinnati, OH-KY-IN Construction of a 1K SF Take 5 Oil Change Jun-23 50 50 83 %
3 Texas City Bay Houston-The Woodlands-Sugar Land, TX Construction of a 13K SF Take 5 Oil Change Jun-23 100 50 33 %
4 Cobblestone Village Jacksonville, FL Construction of a 4K SF Whataburger Sep-23 1,750 1,750 7 %
5 Normandy Square Jacksonville, FL Construction of a 1K SF The Human Bean Sep-23 50 — 76 %
6 Capitol Shopping Center Concord, NH Construction of a 6K SF 110 Grill, a 5K SF multi-tenant building and a 2K SF Starbucks drive thru Sep-23 6,300 5,250 8 %
7 Nesconset Shopping Center New York-Newark-Jersey City, NY-NJ-PA Construction of a 7K SF multi-tenant outparcel, including a 4K SF Aspen Dental and a 3K SF Bethpage Federal Credit Union (re-located from within the center) Sep-23 4,750 4,300 9 %
8 Plaza by the Sea Los Angeles-Long Beach-Anaheim, CA Construction of a 4K SF multi-tenant outparcel, including a 2K SF Handel's Homemade Ice Cream and a 2K SF Better Buzz Mar-24 2,900 2,650 7 %
9 Upland Town Square Riverside-San Bernardino-Ontario, CA Construction of a 1K SF Dutch Bros. Coffee Mar-24 1,050 450 4 %
10 Eastlake Plaza - Project I Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Tropical Smoothie Café Mar-24 750 100 14 %
11 Eastlake Plaza - Project II Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Scooter's Coffee Jun-24 100 50 47 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 19,500 $ 14,800 9 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,2) NOI Yield (1,2)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During the Three Months Ended March 31, 2023
1 Plaza Rio Vista Riverside-San Bernardino-Ontario, CA Construction of a 4K SF Quick Quack Car Wash Mar-23 $ 700 17 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 700 17 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 20
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REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended March 31, 2023
1 Puente Hills Town Center Los Angeles-Long Beach-Anaheim, CA Redevelopment and expansion of several in-line retail spaces to accommodate a 20K SF ALDI; remerchandise existing adjacent small shop space including a 9K SF Five Below, an 8K SF Skechers, and a 5K SF Bath and Body Works; and shopping center upgrades including parking and sidewalk improvements 11 Sep-24 $ 4,900 $ 600 8 %
IN PROCESS REDEVELOPMENTS
2 Shops at Palm Lakes Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage, landscaping improvements, and new signage and lighting 27 Sep-23 31,150 26,900 8 %
3 Dickson City Crossings Scranton--Wilkes-Barre, PA Remerchandise former Dick's Sporting Goods and AC Moore with a 41K SF Burlington Stores, a 19K SF Sierra Trading Post, a 20K SF JOANN, and additional junior anchors; redevelopment of former Pier 1 outparcel into a multi-tenant building; and shopping center upgrades including partial façade renovations and addition of outdoor seating 29 Sep-23 9,000 6,250 10 %
4 Village at Mira Mesa - Phase II (2) San Diego-Chula Vista-Carlsbad, CA Raze existing 6K SF Firestone and 16K SF of outparcel buildings to accommodate construction of three retail and restaurant outparcels totaling 24K SF, including a 5K SF Buffalo Wild Wings, a 4K SF Mo-Mo-Paradise, a 4K SF Time Warner, a 2K SF Sunmerry Bakery and additional small shop space 36 Dec-23 12,550 12,400 7 %
5 Gateway Plaza - Vallejo Vallejo, CA Redevelopment of former Hancock Fabrics with a 13K SF PetSmart; remerchandise small shop space; and shopping center upgrades including façade renovations 53 Dec-23 6,000 3,050 9 %
6 Marco Town Center Naples-Marco Island, FL Remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and signage enhancements, parking reconfiguration and common area improvements including addition of outdoor dining patios and gathering areas 10 Dec-23 11,500 9,700 10 %
7 Laurel Square New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Pathmark to accommodate a 30K SF Livoti's Old World Market and a 29K SF Ashley Homestore; combine small shop spaces for a 10K SF Dollar Tree; upgrade and remerchandise existing outparcel building; and shopping center upgrades including façade renovations, parking enhancements, and pylon sign upgrades 31 Dec-23 14,550 6,850 9 %
8 Hillcrest Market Place Spartanburg, SC Redevelopment of former Stein Mart with a 25K SF Ross Dress for Less (relocated and rightsized within center) and an 11K SF Five Below; combine former Ross Dress for Less and Office Depot to accommodate a 55K SF Hobby Lobby and additional retail space; remerchandise existing outparcel buildings; construction of multiple outparcel buildings; and shopping center upgrades including landscaping and signage enhancements 38 Dec-23 9,700 6,450 7 %
9 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-23 2,150 1,350 15 %
10 Vail Ranch Center Riverside-San Bernardino-Ontario, CA Redevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken, and additional retailers; remerchandise additional small shop space with relevant retailers including a 7K SF My Salon Suite and a 6K SF Bark Social; and shopping center upgrades including façade renovations, parking, and roof repairs 10 Mar-24 10,750 9,100 9 %
11 Westminster City Center Denver-Aurora-Lakewood, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies "R" Us location; backfill of former Golf Galaxy with a 16K SF Petco; redevelopment of former Gordmans with a 27K SF Sierra Trading Post and an additional retailer; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel 27 Mar-24 14,700 6,750 9 %
12 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ-PA Remerchandise former Mrs. Green's Natural Market, former Pet Valu, and former Rite Aid with a 12K SF Barnes & Noble, a 10K SF Ulta, a 3K SF Paris Baguette, and additional retailers; and shopping center upgrades including façade renovations and common area enhancements 6 Mar-24 7,900 3,250 14 %
13 Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise existing small shop retail with relevant retailers including a 29K SF Sport & Social, an 11K SF Hampton Social, a 7K SF Kavas Tacos & Tequila; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas 17 Jun-24 41,300 26,150 8 %
14 The Village at Mableton Atlanta-Sandy Springs-Alpharetta, GA Redevelopment of former Kmart with a 28K SF Burlington Stores, a 22K SF Ross Dress for Less, a 20K SF dd's Discounts, a 10K SF Five Below, and additional retailers; Construction of a 1K SF outparcel building with drive-thru; shopping center upgrades including façade renovations, landscaping, and signage enhancements 24 Jun-24 16,200 9,550 9 %
15 Plymouth Square Shopping Center (3) Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and remerchandise of 94K SF in-line and lower-level retail space, including an 18K SF Planet Fitness, an 8K SF P.J. Whelihan's Pub + Restaurant, a 7K SF My Salon Suites, and additional retailers; and shopping center upgrades including façade and parking renovations, new landscaping and signage, and improved pedestrian and vehicular access 17 Jun-24 22,300 14,450 7 %
16 East Port Plaza Port St. Lucie, FL Construction of a 3K SF Starbucks outparcel; remerchandise existing small shop spaces and extensive shopping center upgrades including façade, landscaping, lighting and parking updates, point of entry and signage improvements, and common area enhancements including improved pedestrian walkways 32 Sep-24 7,150 3,850 8 %
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 21
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REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
WaterTower Plaza Worcester, MA-CT Redevelopment of former Shaw's with a 46K SF grocer; reconfigure and remerchandise adjacent small shop space including an 11K SF Five Below and a 9K SF Ulta; and shopping center upgrades including the addition of patio areas, façade renovations, and parking enhancements 27 Dec-24 11,200 8,150 9 %
Preston Park Village Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a multi-tenant outparcel building; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Jun-25 34,600 12,150 7 %
Wynnewood Village - Phase IV (4) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise existing anchor space; and shopping center upgrades including landscaping enhancements, pylon sign upgrades, and parking lot improvements 65 Jun-25 9,250 2,400 13 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 276,850 $ 169,350 9 %
Property Stabilization Net Project NOI
Property Name CBSA Project Description Acreage Quarter Costs (1,5) Yield (1,5)
Projects Stabilized During The Three Months Ended March 31, 2023
Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Demolish 26K SF of underutilized retail space to accommodate construction of a 19K SF Crunch Fitness and additional retail space; and shopping center upgrades including façade renovations and sidewalk and landscaping improvements 16 Mar-23 $ 6,300 9 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 6,300 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 1.5M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude 0.3M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude 0.5M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 22
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 The Davis Collection Sacramento-Roseville-Folsom, CA Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
2 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
3 Superior Marketplace Boulder, CO Redevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family
4 Mall at 163rd Street Miami-Fort Lauderdale-Pompano Beach, FL Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
5 Pointe Orlando Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
6 Northeast Plaza Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
7 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space to create potential entertainment / restaurant destination
8 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
9 Kings Park Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
10 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
11 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ-PA Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
12 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
13 Kessler Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center with multiple retailers, restaurants, and potential multi-family component
14 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential multi family and/or medical office component
15 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Brea Gateway Los Angeles-Long Beach-Anaheim, CA Reposition of former anchor which may include site densification with addition of outparcel pad development
2 Sunrise Town Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment and repositioning of shopping center with new anchor prototype
3 Venetian Isle Shopping Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
4 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
5 Kings Market Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
6 Mableton Walk Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and reposition of existing center with new anchor prototype
7 Mansell Crossing Atlanta-Sandy Springs-Alpharetta, GA Densification of site, including multi-tenant outparcel development
8 High Point Centre Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space for potential residential component
9 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and reposition of rear portion of shopping center
10 Tinley Park Plaza - Phase II Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing anchor space for multiple retailers
11 London Marketplace London, KY Redevelopment and expansion of existing anchor space
12 Delta Center Lansing-East Lansing, MI Redevelopment of existing anchor space for multiple retailers
13 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
14 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
15 Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA Reposition of former anchor outparcel and peripheral façade renovation
16 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
17 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
18 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
19 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
20 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
21 Festival Centre Charleston-North Charleston, SC Redevelopment of shopping center, potential mixed-use component
22 Circle Center Hilton Head Island-Bluffton, SC Redevelopment and repositioning of shopping center Supplemental Disclosure - Three Months Ended March 31, 2023 Page 23
--- ---
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
23 Baytown Shopping Center Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
24 Clear Lake Camino South Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
25 Lake Pointe Village Houston-The Woodlands-Sugar Land, TX Reposition of existing vacant space and site densification
26 Maplewood Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
27 Windvale Center Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
28 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
(1) Indicates project added to the pipeline during the three months ended March 31, 2023.
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend, or defer the expected opportunity or timing of execution. While the Company believes that these projects are likely to become active in the
near-term, it should be noted that this list will fluctuate as projects become active, or are suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2022.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 24
--- ---
> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended March 31, 2023
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
3/31/23 12/31/22 9/30/22 6/30/22 3/31/22
Number of properties 367 373 378 379 380
GLA 65,004,693 65,990,997 66,851,369 67,107,846 67,203,965
Percent billed 90.0% 90.2% 89.6% 89.0% 88.6%
Percent leased 94.0% 93.8% 93.3% 92.5% 92.1%
TOTAL ≥ 10,000 SF 96.1% 95.9% 95.4% 94.8% 94.4%
TOTAL < 10,000 SF 89.3% 89.2% 88.8% 87.7% 87.0%
ABR $ 944,756 $ 944,490 $ 940,869 $ 929,793 $ 910,758
ABR PSF $ 16.46 $ 16.19 $ 16.02 $ 15.90 $ 15.64
PORTFOLIO BY UNIT SIZE AS OF 3/31/23
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 411 23,207,824 35.8% 94.0% 96.3% $ 218,922 23.2% $ 11.16
20,000 - 34,999 SF 489 12,770,494 19.6% 91.6% 96.6% 146,513 15.5% 11.99
10,000 - 19,999 SF 612 8,334,012 12.8% 89.8% 95.0% 119,086 12.6% 15.39
5,000 - 9,999 SF 1,102 7,606,497 11.7% 85.7% 91.0% 134,892 14.3% 20.22
< 5,000 SF 6,139 13,085,866 20.1% 83.8% 88.3% 325,343 34.4% 29.12
TOTAL 8,753 65,004,693 100.0% 90.0% 94.0% $ 944,756 100.0% $ 16.46
TOTAL ≥ 10,000 SF 1,512 44,312,330 68.2% 92.5% 96.1% $ 484,521 51.3% $ 12.25
TOTAL < 10,000 SF 7,241 20,692,363 31.8% 84.5% 89.3% 460,235 48.7% 25.79
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 26
--- ---
PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-1e23dc06cc1349779f2a.jpg](chart-1e23dc06cc1349779f2a.jpg)     ![chart-a591ab21e0ca447aba4a.jpg](chart-a591ab21e0ca447aba4a.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-ecf1bba0baad400dae3a.jpg chart-e54369a1e287491993aa.jpg

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

chart-8f31f3e23621401b8eaa.jpg chart-5f659414b8cb4a10b2ca.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
ESSENTIAL $ 303,582 33 %
Grocery / Pharmacy 141,413 15 %
General Merchandise (Discount / Dollar) 31,270 3 %
Pet 26,753 3 %
Medical (essential) 26,712 3 %
Financial services 25,265 3 %
Mail / Shipping and Other services 15,547 2 %
Home improvement 15,388 2 %
Other Essential 10,876 1 %
Auto 10,358 1 %
OTHER $ 641,174 67 %
Restaurants 148,436 15 %
Other Personal Services 72,805 8 %
Off-Price Apparel 62,306 6 %
Fitness / Sports 54,667 6 %
Value Apparel, Shoes, Accessories 46,614 5 %
Home Décor 44,529 5 %
General Merchandise (Department, Gift, etc.) 40,627 4 %
Other Retail 39,797 4 %
Other Medical 28,777 3 %
Electronics & Appliance 25,572 3 %
Entertainment 20,128 2 %
Health & Beauty 19,343 2 %
Hobby & Crafts 16,833 2 %
Other Professional Services 11,807 1 %
Liquor 8,933 1 %
TOTAL $ 944,756 100 %
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 27
--- ---
TOP FORTY RETAILERS RANKED BY ABR ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA (1) Percent of GLA (1) ABR (1) Percent of ABR (1) ABR PSF (1)
The TJX Companies, Inc. (2) 86 2,564,599 3.9 % $ 32,008 3.4 % $ 12.48
The Kroger Co. (3) 44 2,993,862 4.6 % 22,648 2.4 % 7.56
Burlington Stores, Inc. 36 1,567,993 2.4 % 18,071 1.9 % 11.52
Dollar Tree Stores, Inc. (4) 119 1,357,696 2.1 % 15,708 1.7 % 11.57
Publix Super Markets, Inc. 31 1,431,891 2.2 % 14,555 1.5 % 10.16
Ross Stores, Inc (5) 39 1,017,273 1.6 % 12,919 1.4 % 12.70
L.A Fitness International, LLC (6) 14 566,362 0.9 % 10,994 1.2 % 19.41
Amazon.com, Inc. / Whole Foods Market Services, Inc. 15 551,442 0.8 % 9,661 1.0 % 17.52
Albertson's Companies, Inc (7) 14 750,202 1.2 % 9,638 1.0 % 12.85
PetSmart, Inc. 26 569,631 0.9 % 9,324 1.0 % 16.37
424 13,370,951 20.6 % 155,526 16.5 % 11.63
Ahold Delhaize (8) 16 864,719 1.3 % 9,324 1.0 % 10.78
Five Below, Inc. 50 465,044 0.7 % 9,232 1.0 % 19.85
Ulta Beauty, Inc. 32 356,888 0.5 % 8,542 0.9 % 23.93
PETCO Animal Supplies, Inc. 35 480,017 0.7 % 8,459 0.9 % 17.62
Kohl's Corporation 13 1,009,337 1.6 % 8,208 0.9 % 8.13
Big Lots, Inc. 31 1,009,969 1.6 % 7,377 0.8 % 7.30
The Michaels Companies, Inc. 21 472,884 0.7 % 6,169 0.7 % 13.05
Party City Holdco Inc. 25 373,123 0.6 % 5,805 0.6 % 15.56
Staples, Inc. 21 442,469 0.7 % 5,373 0.6 % 12.14
Best Buy Co., Inc. 11 413,875 0.6 % 5,261 0.6 % 12.71
679 19,259,276 29.6 % 229,276 24.5 % 11.90
Bed Bath & Beyond, Inc. (9) 18 450,246 0.7 % 5,137 0.5 % 11.41
CVS Health 15 222,799 0.3 % 5,042 0.5 % 22.63
JOANN Stores, Inc. 19 398,614 0.6 % 4,797 0.5 % 12.03
JP Morgan Chase & Co. 25 94,928 0.1 % 4,726 0.5 % 49.79
DICK's Sporting Goods, Inc. (10) 12 413,069 0.6 % 4,611 0.5 % 11.16
Gap, Inc. (11) 14 233,319 0.4 % 4,555 0.5 % 19.52
Office Depot, Inc. (12) 18 383,814 0.6 % 4,512 0.5 % 11.76
Sprouts Farmers Market, Inc. 7 200,366 0.3 % 4,384 0.5 % 21.88
Hobby Lobby Stores, Inc. 11 604,732 0.9 % 4,318 0.5 % 7.14
The Home Depot, Inc. 5 428,868 0.7 % 4,196 0.4 % 9.78
Barnes & Noble, Inc. 11 228,096 0.4 % 4,054 0.4 % 17.77
At Home Stores LLC 6 544,922 0.8 % 3,996 0.4 % 7.33
AMC Entertainment 4 200,955 0.3 % 3,704 0.4 % 18.43
Designer Brands Inc. (DSW) 12 232,077 0.4 % 3,685 0.4 % 15.88
Bank of America, NA 25 87,063 0.1 % 3,648 0.4 % 41.90
National Vision, Inc. (13) 34 124,311 0.2 % 3,600 0.4 % 28.96
Harbor Freight Tools 19 325,381 0.5 % 3,582 0.4 % 11.01
Sally Beauty Holdings, Inc. (14) 77 148,070 0.2 % 3,573 0.4 % 24.13
Chipotle Mexican Grill, Inc. 30 73,870 0.1 % 3,485 0.4 % 47.18
Wakefern Food Corporation (15) 4 230,254 0.4 % 3,398 0.4 % 14.76
TOTAL TOP 40 RETAILERS 1,045 24,885,030 38.2 % $ 312,279 33.4 % $ 12.55
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (7) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, Randalls-1, (11) Includes Old Navy-12 and Gap Factory-2.
all franchise locations. Shop & Save Market-1 and Star Market-1. (12) Includes Office Depot-10 and OfficeMax-8.
(2) Includes T.J. Maxx-32, Marshalls-31, HomeGoods-17, Sierra Trading Post-4 and HomeSense-2. (8) Includes Giant Food-6, Super Stop & Shop-5, Food Lion-2, Stop & Shop-1, Bottom Dollar Food-1, (13) Includes America's Best Contacts & Eyeglasses-32 and Eyeglass World-2.
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Harris Teeter-1, and Tops Market-1. (14) Includes Sally Beauty-65, Cosmoprof-10, Happy Beauty-1 and
Food 4 Less-1, Pay Less-1 and Pick 'N Save-1. (9) Includes Bed Bath & Beyond-11, buybuy Baby-3, Harmon Face Values-2 and Macon Beauty Systems-1.
(4) Includes Dollar Tree-105, Family Dollar-13 and Deal-1. Cost Plus World Market (sublease)-2. (15) Includes ShopRite-3 and PriceRite-1.
(5) Includes Ross Dress for Less-34 and dd's Discounts-5. (10) Includes DICK'S Sporting Goods Warehouse Sale-5, Golf Galaxy-4 and
(6) Includes LA Fitness-7, Esporta Fitness-6, and City Sports Club-1. DICK'S Sporting Goods-3.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 28
NEW & RENEWAL LEASE SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 3/31/23 392 2,453,972 $ 45,360 $ 18.48 $ 5.28 $ 2.32 6.4 294 1,858,424 $ 18.44 $ 16.05 14.9 %
Three months ended 12/31/22 380 2,589,069 41,283 15.95 4.66 2.46 7.1 270 1,918,639 15.30 13.33 14.8 %
Three months ended 9/30/22 417 2,791,073 47,703 17.09 4.91 1.62 6.2 319 2,275,773 16.17 14.58 10.9 %
Three months ended 6/30/22 443 2,885,438 49,312 17.09 4.59 2.15 6.5 331 2,297,341 16.38 14.56 12.5 %
TOTAL - TWELVE MONTHS ENDED 3/31/23 1,632 10,719,552 $ 183,658 $ 17.13 $ 4.85 $ 2.12 6.6 1,214 8,350,177 $ 16.53 $ 14.61 13.1 %
NEW & RENEWAL LEASES ONLY
Three months ended 3/31/23 331 1,438,406 $ 31,986 $ 22.24 $ 9.01 $ 3.95 7.4 233 842,858 $ 24.79 $ 20.79 19.2 %
Three months ended 12/31/22 335 1,994,542 33,341 16.72 6.05 3.19 7.8 225 1,324,112 16.18 13.68 18.3 %
Three months ended 9/30/22 360 1,748,497 33,678 19.26 7.83 2.59 6.9 262 1,233,197 18.46 16.16 14.2 %
Three months ended 6/30/22 387 1,962,044 36,865 18.79 6.75 3.16 7.2 275 1,373,947 18.33 16.00 14.6 %
TOTAL - TWELVE MONTHS ENDED 3/31/23 1,413 7,143,489 $ 135,870 $ 19.02 $ 7.28 $ 3.19 7.3 995 4,774,114 $ 18.91 $ 16.24 16.4 %
NEW LEASES
Three months ended 3/31/23 140 768,410 $ 15,463 $ 20.12 $ 13.22 $ 7.27 9.5 44 201,562 $ 23.33 $ 16.27 43.4 %
Three months ended 12/31/22 152 944,792 17,203 18.21 10.55 6.69 9.6 47 306,747 18.90 13.14 43.8 %
Three months ended 9/30/22 146 661,587 14,027 21.20 17.80 6.72 9.3 49 151,440 21.24 16.07 32.2 %
Three months ended 6/30/22 166 870,194 17,160 19.72 12.68 6.99 9.1 56 291,223 19.75 14.71 34.3 %
TOTAL - TWELVE MONTHS ENDED 3/31/23 604 3,244,983 $ 63,853 $ 19.68 $ 13.23 $ 6.92 9.4 196 950,972 $ 20.47 $ 14.75 38.8 %
RENEWAL LEASES
Three months ended 3/31/23 191 669,996 $ 16,523 $ 24.66 $ 4.18 $ 0.14 5.0 189 641,296 $ 25.25 $ 22.21 13.7 %
Three months ended 12/31/22 183 1,049,750 16,138 15.37 2.01 0.04 6.2 178 1,017,365 15.35 13.84 10.9 %
Three months ended 9/30/22 214 1,086,910 19,651 18.08 1.76 0.08 5.4 213 1,081,757 18.07 16.17 11.8 %
Three months ended 6/30/22 221 1,091,850 19,705 18.05 2.03 0.10 5.6 219 1,082,724 17.95 16.35 9.8 %
TOTAL - TWELVE MONTHS ENDED 3/31/23 809 3,898,506 $ 72,017 $ 18.47 $ 2.32 $ 0.09 5.6 799 3,823,142 $ 18.52 $ 16.61 11.5 %
OPTION LEASES
Three months ended 3/31/23 61 1,015,566 $ 13,374 $ 13.17 $ — $ — 5.0 61 1,015,566 $ 13.17 $ 12.11 8.8 %
Three months ended 12/31/22 45 594,527 7,942 13.36 — — 4.8 45 594,527 13.36 12.54 6.5 %
Three months ended 9/30/22 57 1,042,576 14,025 13.45 — — 5.2 57 1,042,576 13.45 12.71 5.8 %
Three months ended 6/30/22 56 923,394 12,447 13.48 — — 5.0 56 923,394 13.48 12.41 8.6 %
TOTAL - TWELVE MONTHS ENDED 3/31/23 219 3,576,063 $ 47,788 $ 13.36 $ — $ — 5.0 219 3,576,063 $ 13.36 $ 12.43 7.5 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 3/31/23 Twelve Months Ended 3/31/23
% of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1) % of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases 14 % 1,552,962 63 % 44 % $ 12.71 14.8 % 15 % 6,904,122 64 % 45 % $ 12.01 11.6 %
New & Renewal Leases Only 9 % 681,820 47 % 31 % 14.44 26.8 % 11 % 3,808,043 53 % 35 % 12.36 17.8 %
New Leases 13 % 461,172 60 % 40 % 13.39 91.0 % 13 % 1,751,815 54 % 39 % 14.14 57.6 %
Renewal Leases 7 % 220,648 33 % 22 % 16.62 5.2 % 10 % 2,056,228 53 % 31 % 10.84 8.6 %
Option Leases 39 % 871,142 86 % 74 % 11.36 9.0 % 43 % 3,096,079 87 % 75 % 11.58 6.9 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 86 % 901,010 37 % 56 % $ 28.43 15.0 % 85 % 3,815,430 36 % 55 % $ 26.40 14.6 %
New & Renewal Leases Only 91 % 756,586 53 % 69 % 29.27 16.8 % 89 % 3,335,446 47 % 65 % 26.63 15.8 %
New Leases 87 % 307,238 40 % 60 % 30.22 19.6 % 87 % 1,493,168 46 % 61 % 26.18 29.4 %
Renewal Leases 93 % 449,348 67 % 78 % 28.61 16.2 % 90 % 1,842,278 47 % 69 % 26.99 12.8 %
Option Leases 61 % 144,424 14 % 26 % 24.06 8.1 % 57 % 479,984 13 % 25 % 24.85 9.0 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 29
--- ---
NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Twelve Months Ended Three Months Ended
3/31/23 3/31/23 12/31/22 9/30/22 6/30/22 3/31/22
NEW LEASES
Weighted average over lease term:
Base rent $ 21.02 $ 21.47 $ 19.48 $ 22.77 $ 20.96 $ 18.87
Tenant improvements and allowances (1.57) (1.59) (1.16) (2.15) (1.57) (1.65)
Third party leasing commissions (0.71) (0.74) (0.69) (0.71) (0.71) (0.63)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 18.74 19.14 17.63 19.91 18.68 16.59
Tenant specific landlord work (1) (1.97) (2.07) (2.10) (1.93) (1.77) (1.57)
NET EFFECTIVE RENT $ 16.77 $ 17.07 $ 15.53 $ 17.98 $ 16.91 $ 15.02
Net effective rent before tenant specific landlord work /
base rent 89% 89% 91% 87% 89% 88%
Net effective rent / base rent 80% 80% 80% 79% 81% 80%
Weighted average term (years) 9.4 9.5 9.6 9.3 9.1 9.0
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 37% 39% 38% 27% 43% 31%
< 10,000 SF 63% 61% 62% 73% 57% 69%
As of 3/31/23: Leases GLA ABR ABR PSF
≥ 10,000 SF 74 1,876,128 $ 25,100 $ 13.38
< 10,000 SF 342 1,081,597 31,073 28.73
TOTAL 416 2,957,725 $ 56,173 $ 18.99
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2023 (remaining) 2024 2025+ Total
Projected Lease Commencements $ 36,172 $ 15,804 $ 4,197 $ 56,173
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 450 basis points of total portfolio GLA (56.2M in ABR), 50 basis points (7.9M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended March 31, 2023 Page 30
LEASE EXPIRATION SCHEDULE ↩Table of<br><br>Contents
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ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO SPACES ≥ 10,000 SF SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 306 1,065,972 1.7 % 1.7 % $ 15.10 $ 15.10 24 445,391 1.0 % 0.8 % $ 8.39 $ 8.39 282 620,581 3.4 % 2.7 % $ 19.90 $ 19.90
2023 679 2,983,668 4.9 % 4.5 % 14.40 14.40 53 1,422,287 3.3 % 2.2 % 7.51 7.51 626 1,561,381 8.4 % 7.0 % 20.68 20.68
2024 1,164 7,991,785 13.1 % 11.9 % 14.08 14.15 179 5,419,038 12.7 % 11.1 % 9.92 9.93 985 2,572,747 13.9 % 12.8 % 22.84 23.06
2025 1,062 7,797,995 12.8 % 12.1 % 14.65 14.82 184 5,432,209 12.8 % 12.2 % 10.86 10.88 878 2,365,786 12.8 % 12.0 % 23.35 23.89
2026 944 7,112,566 11.6 % 11.8 % 15.67 16.07 168 4,947,604 11.6 % 11.6 % 11.37 11.45 776 2,164,962 11.7 % 12.0 % 25.50 26.62
2027 996 8,254,744 13.5 % 13.4 % 15.34 15.91 188 5,883,696 13.8 % 13.8 % 11.39 11.54 808 2,371,048 12.8 % 13.0 % 25.14 26.74
2028 750 5,993,259 9.8 % 10.2 % 16.08 17.17 152 4,242,849 10.0 % 10.6 % 12.11 12.48 598 1,750,410 9.5 % 9.8 % 25.69 28.55
2029 409 4,358,930 7.1 % 7.0 % 15.15 16.58 110 3,374,040 7.9 % 8.3 % 11.87 12.71 299 984,890 5.3 % 5.6 % 26.38 29.85
2030 308 2,997,677 4.9 % 4.9 % 15.51 17.15 69 2,178,601 5.1 % 5.0 % 11.08 11.90 239 819,076 4.4 % 4.9 % 27.32 31.12
2031 275 2,630,320 4.3 % 4.5 % 16.16 18.26 68 1,911,362 4.5 % 5.0 % 12.66 13.96 207 718,958 3.9 % 4.0 % 25.47 29.68
2032 353 2,883,219 4.7 % 5.4 % 17.66 19.91 65 1,955,575 4.6 % 5.0 % 12.27 13.30 288 927,644 5.0 % 5.8 % 29.01 33.85
2033+ 627 7,013,956 11.6 % 12.6 % 16.91 19.61 185 5,389,613 12.7 % 14.4 % 13.06 14.69 442 1,624,343 8.9 % 10.4 % 29.69 35.92
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 306 1,065,972 1.7 % 1.7 % $ 15.10 $ 15.10 24 445,391 1.0 % 0.8 % $ 8.39 $ 8.39 282 620,581 3.4 % 2.7 % $ 19.90 $ 19.90
2023 591 2,140,676 3.5 % 3.4 % 15.11 15.11 34 778,586 1.8 % 1.1 % 6.61 6.61 557 1,362,090 7.4 % 5.9 % 19.96 19.96
2024 837 3,330,817 5.5 % 5.8 % 16.55 16.69 62 1,498,814 3.5 % 3.0 % 9.65 9.65 775 1,832,003 9.9 % 8.8 % 22.19 22.44
2025 700 2,477,606 4.1 % 4.9 % 18.78 19.21 44 923,263 2.2 % 2.1 % 10.98 11.02 656 1,554,343 8.4 % 7.9 % 23.41 24.08
2026 591 2,354,981 3.9 % 4.7 % 18.69 19.60 41 996,762 2.3 % 2.2 % 10.46 10.72 550 1,358,219 7.3 % 7.3 % 24.73 26.11
2027 622 2,557,833 4.2 % 5.4 % 19.95 21.32 52 1,111,215 2.6 % 2.8 % 12.18 12.63 570 1,446,618 7.8 % 8.1 % 25.92 27.99
2028 487 1,997,033 3.3 % 4.3 % 20.21 22.33 38 821,389 1.9 % 2.2 % 13.16 13.60 449 1,175,644 6.4 % 6.4 % 25.13 28.43
2029 308 1,410,007 2.3 % 2.9 % 19.51 21.85 29 576,483 1.4 % 1.4 % 11.87 13.16 279 833,524 4.5 % 4.5 % 24.79 27.87
2030 279 1,730,534 2.8 % 3.0 % 16.60 18.46 37 992,757 2.3 % 2.3 % 11.00 11.82 242 737,777 4.0 % 3.9 % 24.13 27.40
2031 273 1,760,180 2.9 % 3.1 % 16.88 19.13 37 1,059,777 2.5 % 2.5 % 11.29 12.35 236 700,403 3.8 % 3.9 % 25.35 29.40
2032 306 2,113,729 3.5 % 4.0 % 17.94 20.12 55 1,320,703 3.1 % 3.4 % 12.66 13.76 251 793,026 4.3 % 4.6 % 26.74 30.71
2033+ 2,573 38,144,723 62.3 % 56.8 % 14.04 18.10 992 32,077,125 75.4 % 76.2 % 11.53 14.71 1,581 6,067,598 32.8 % 36.0 % 27.29 36.02
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By Count By GLA
Twelve Months Ended 3/31/23 79.6% 84.1%
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 31
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
PROPERTIES BY LARGEST US CBSAs Percent of
Number of Percent Percent Number of Percent Percent
Largest US CBSAs by 2022 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 256 44,734,483 89.3 % 93.6 % $ 673,819 $ 17.09 69.8 % 68.8 % 71.4 %
CBSAs Ranked 51 - 100 by Population 42 7,710,550 90.6 % 93.5 % 96,651 14.23 11.4 % 11.9 % 10.2 %
Other CBSAs 69 12,559,660 92.1 % 95.7 % 174,286 15.58 18.8 % 19.3 % 18.4 %
TOTAL 367 65,004,693 90.0 % 94.0 % $ 944,756 $ 16.46 100.0 % 100.0 % 100.0 %
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 7 22 3,998,296 87.0 % 94.0 % $ 68,361 $ 21.03 5.9 % 6.2 % 7.3 %
2 New York-Newark-Jersey City, NY-NJ-PA 1 26 3,193,788 89.3 % 94.1 % 67,691 23.00 7.0 % 4.9 % 7.3 %
3 Chicago-Naperville-Elgin, IL-IN-WI 3 17 4,327,656 84.3 % 86.9 % 53,820 14.89 4.5 % 6.7 % 5.8 %
4 Houston-The Woodlands-Sugar Land, TX 5 30 4,003,929 90.7 % 92.8 % 52,431 14.53 8.1 % 6.2 % 5.5 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,715,190 83.8 % 90.5 % 45,563 19.61 3.5 % 4.2 % 4.8 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,888,045 93.8 % 99.0 % 42,834 24.88 3.0 % 2.9 % 4.5 %
7 Atlanta-Sandy Springs-Alpharetta, GA 8 23 3,315,917 86.2 % 94.1 % 41,457 13.71 6.2 % 5.1 % 4.4 %
8 Tampa-St. Petersburg-Clearwater, FL 18 11 1,778,215 92.2 % 96.4 % 27,507 16.70 3.0 % 2.7 % 2.9 %
9 Cincinnati, OH-KY-IN 30 7 1,864,136 92.8 % 97.3 % 25,464 17.87 1.9 % 2.9 % 2.7 %
10 Miami-Fort Lauderdale-Pompano Beach, FL 9 9 1,486,123 87.4 % 90.5 % 22,005 16.82 2.5 % 2.3 % 2.3 %
10 Largest CBSAs by ABR — 169 28,571,295 88.1 % 93.0 % 447,133 17.98 45.6 % 44.1 % 47.5 %
11 Naples-Marco Island, FL 142 5 1,068,511 93.6 % 98.4 % 20,286 19.61 1.4 % 1.6 % 2.1 %
12 Denver-Aurora-Lakewood, CO 19 6 1,315,848 95.5 % 99.3 % 18,858 15.50 1.6 % 2.0 % 2.0 %
13 Orlando-Kissimmee-Sanford, FL 23 5 808,446 90.4 % 94.7 % 17,693 23.30 1.4 % 1.2 % 1.9 %
14 Detroit-Warren-Dearborn, MI 14 8 1,456,405 89.2 % 92.7 % 16,752 13.48 2.2 % 2.2 % 1.8 %
15 San Diego-Chula Vista-Carlsbad, CA 17 3 655,343 97.1 % 99.6 % 16,313 25.51 0.8 % 1.0 % 1.7 %
16 Charlotte-Concord-Gastonia, NC-SC 22 5 1,312,391 96.1 % 97.6 % 15,242 13.44 1.4 % 2.0 % 1.6 %
17 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,726 84.6 % 85.7 % 13,695 16.36 2.2 % 1.7 % 1.4 %
18 Ann Arbor, MI 150 3 814,826 95.6 % 97.0 % 13,076 16.66 0.8 % 1.3 % 1.4 %
19 San Francisco-Oakland-Berkeley, CA 13 2 506,994 95.1 % 95.5 % 11,702 29.75 0.5 % 0.8 % 1.2 %
20 Vallejo, CA 123 1 519,324 93.7 % 99.6 % 11,173 21.78 0.3 % 0.8 % 1.2 %
20 Largest CBSAs by ABR — 215 38,116,109 89.3 % 93.6 % 601,923 18.01 58.2 % 58.7 % 63.8 %
21 Binghamton, NY 197 4 751,572 90.4 % 94.6 % 10,675 15.01 1.1 % 1.2 % 1.1 %
22 North Port-Sarasota-Bradenton, FL 69 5 734,750 94.2 % 98.4 % 10,474 14.57 1.4 % 1.1 % 1.1 %
23 Port St. Lucie, FL 113 5 690,384 90.8 % 92.9 % 10,207 16.02 1.4 % 1.1 % 1.1 %
24 Nashville-Davidson--Murfreesboro--Franklin, TN 36 4 798,262 97.4 % 97.9 % 10,080 12.96 1.1 % 1.2 % 1.1 %
25 Memphis, TN-MS-AR 44 1 649,252 93.0 % 95.8 % 10,054 17.02 0.3 % 1.0 % 1.1 %
26 Allentown-Bethlehem-Easton, PA-NJ 71 3 829,432 96.1 % 97.3 % 10,022 13.69 0.8 % 1.3 % 1.1 %
27 Riverside-San Bernardino-Ontario, CA 12 4 501,668 94.1 % 97.4 % 9,676 22.73 1.1 % 0.8 % 1.0 %
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 32
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
28 Boston-Cambridge-Newton, MA-NH 11 6 722,376 93.3 % 94.7 % 9,528 13.93 1.6 % 1.1 % 1.0 %
29 Cleveland-Elyria, OH 35 3 799,543 83.6 % 92.8 % 9,408 12.77 0.8 % 1.2 % 1.0 %
30 Indianapolis-Carmel-Anderson, IN 33 2 714,943 95.1 % 96.3 % 8,215 12.11 0.5 % 1.1 % 0.9 %
31 Jacksonville, FL 40 3 695,151 93.5 % 98.1 % 8,138 12.45 0.8 % 1.1 % 0.9 %
32 Hartford-East Hartford-Middletown, CT 49 3 584,167 81.7 % 93.5 % 8,134 14.89 0.8 % 0.9 % 0.9 %
33 Louisville/Jefferson County, KY-IN 46 4 700,179 91.1 % 92.7 % 7,625 12.08 1.1 % 1.1 % 0.8 %
34 Worcester, MA-CT 59 3 515,320 85.7 % 97.8 % 6,771 16.00 0.8 % 0.8 % 0.7 %
35 New Haven-Milford, CT 70 4 488,290 85.0 % 93.5 % 6,535 14.31 1.1 % 0.8 % 0.7 %
36 Scranton--Wilkes-Barre, PA 103 2 618,795 95.6 % 99.5 % 6,443 23.75 0.5 % 1.0 % 0.7 %
37 Milwaukee-Waukesha, WI 41 4 566,588 86.9 % 91.8 % 6,317 12.14 1.1 % 0.9 % 0.7 %
38 Greensboro-High Point, NC 79 1 407,244 99.4 % 99.7 % 6,156 15.16 0.3 % 0.6 % 0.7 %
39 Wilmington, NC 170 2 379,107 97.7 % 98.1 % 5,884 15.99 0.5 % 0.6 % 0.6 %
40 Oxnard-Thousand Oaks-Ventura, CA 73 2 319,844 84.5 % 96.6 % 5,706 19.14 0.5 % 0.5 % 0.6 %
41 Poughkeepsie-Newburgh-Middletown, NY 87 3 399,379 97.0 % 97.0 % 5,663 14.86 0.8 % 0.6 % 0.6 %
42 College Station-Bryan, TX 185 3 433,728 92.8 % 94.6 % 5,649 16.60 0.8 % 0.7 % 0.6 %
43 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 2 412,451 90.3 % 92.6 % 5,432 14.66 0.5 % 0.6 % 0.6 %
44 Spartanburg, SC 157 1 369,759 73.9 % 95.1 % 4,965 14.69 0.3 % 0.6 % 0.5 %
45 Dayton-Kettering, OH 75 1 333,998 96.1 % 98.0 % 4,758 15.18 0.3 % 0.5 % 0.5 %
46 Mobile, AL 126 1 410,401 89.1 % 91.7 % 4,399 11.97 0.3 % 0.6 % 0.5 %
47 Manchester-Nashua, NH 131 2 234,250 95.9 % 98.2 % 4,338 20.28 0.5 % 0.4 % 0.5 %
48 Kansas City, MO-KS 31 3 448,226 89.2 % 96.1 % 4,240 9.85 0.8 % 0.7 % 0.4 %
49 Panama City, FL 250 2 397,492 98.1 % 98.1 % 4,209 10.79 0.5 % 0.6 % 0.4 %
50 Raleigh-Cary, NC 42 2 286,697 96.5 % 97.9 % 4,179 15.01 0.5 % 0.4 % 0.4 %
50 Largest CBSAs by ABR — 300 54,309,357 90.0 % 94.3 % 815,803 16.96 81.1 % 83.8 % 86.6 %
51 Greenville-Anderson, SC 61 2 220,723 98.9 % 99.4 % 4,167 19.45 0.5 % 0.3 % 0.4 %
52 Cape Coral-Fort Myers, FL 77 1 281,394 98.9 % 98.9 % 4,095 15.09 0.3 % 0.4 % 0.4 %
53 Boulder, CO 161 1 275,919 74.9 % 85.8 % 4,092 17.28 0.3 % 0.4 % 0.4 %
54 Norwich-New London, CT 186 1 243,511 88.3 % 88.3 % 4,002 19.05 0.3 % 0.4 % 0.4 %
55 Charleston-North Charleston, SC 74 2 498,871 81.7 % 81.7 % 3,982 9.94 0.5 % 0.8 % 0.4 %
56 Bakersfield, CA 63 1 240,068 97.8 % 97.8 % 3,729 16.18 0.3 % 0.4 % 0.4 %
57 Richmond, VA 45 2 229,789 90.6 % 95.1 % 3,699 16.93 0.5 % 0.4 % 0.4 %
58 Atlantic City-Hammonton, NJ 180 1 179,183 91.3 % 99.1 % 3,645 20.53 0.3 % 0.3 % 0.4 %
59 Winston-Salem, NC 89 2 351,938 86.0 % 86.0 % 3,504 12.22 0.5 % 0.5 % 0.4 %
60 Greenville, NC 256 1 233,153 95.0 % 98.1 % 3,306 14.45 0.3 % 0.4 % 0.3 %
61 Virginia Beach-Norfolk-Newport News, VA-NC 38 1 150,105 96.5 % 99.8 % 3,284 22.14 0.3 % 0.2 % 0.3 %
62 Fresno, CA 56 1 255,149 83.3 % 83.3 % 3,269 15.37 0.3 % 0.4 % 0.3 %
63 Hilton Head Island-Bluffton, SC 208 2 231,952 78.2 % 78.9 % 3,261 17.82 0.5 % 0.4 % 0.3 %
64 Springfield, MA 88 2 322,088 93.3 % 93.3 % 2,984 13.61 0.5 % 0.5 % 0.3 %
65 Pittsfield, MA 332 1 188,444 99.1 % 99.1 % 2,981 15.97 0.3 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended March 31, 2023 Page 33
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
66 Savannah, GA 135 2 221,381 96.6 % 96.6 % 2,856 13.36 0.5 % 0.3 % 0.3 %
67 Bridgeport-Stamford-Norwalk, CT 60 1 161,075 93.8 % 100.0 % 2,757 17.12 0.3 % 0.2 % 0.3 %
68 Roanoke, VA 164 2 313,340 94.6 % 97.1 % 2,681 10.93 0.5 % 0.5 % 0.3 %
69 Elkhart-Goshen, IN 224 1 214,067 88.9 % 94.7 % 2,651 13.07 0.3 % 0.3 % 0.3 %
70 Duluth, MN-WI 174 1 183,105 97.1 % 99.1 % 2,622 14.46 0.3 % 0.3 % 0.3 %
71 Columbus, OH 32 2 276,504 85.9 % 88.4 % 2,609 11.04 0.5 % 0.4 % 0.3 %
72 Concord, NH 285 1 196,542 93.6 % 97.5 % 2,602 14.35 0.3 % 0.3 % 0.3 %
73 Santa Maria-Santa Barbara, CA 124 1 166,696 85.3 % 99.0 % 2,379 14.41 0.3 % 0.3 % 0.3 %
74 Rutland, VT 537 1 223,314 90.0 % 100.0 % 2,291 10.26 0.3 % 0.3 % 0.2 %
75 Flint, MI 138 1 164,632 100.0 % 100.0 % 2,205 13.48 0.3 % 0.3 % 0.2 %
76 St. Louis, MO-IL 21 2 208,998 96.1 % 96.1 % 2,180 11.03 0.5 % 0.3 % 0.2 %
77 Austin-Round Rock-Georgetown, TX 26 1 170,605 96.0 % 96.0 % 2,168 13.24 0.3 % 0.3 % 0.2 %
78 Manhattan, KS 326 1 214,898 99.5 % 99.5 % 2,142 16.09 0.3 % 0.3 % 0.2 %
79 Greeneville, TN 485 1 224,139 97.9 % 99.3 % 2,100 9.64 0.3 % 0.3 % 0.2 %
80 Trenton-Princeton, NJ 147 1 149,993 97.3 % 97.3 % 2,099 14.38 0.3 % 0.2 % 0.2 %
81 Columbus, IN 444 1 143,740 99.2 % 100.0 % 2,015 14.02 0.3 % 0.2 % 0.2 %
82 Ithaca, NY 377 1 204,405 94.5 % 94.5 % 1,982 10.26 0.3 % 0.3 % 0.2 %
83 Crestview-Fort Walton Beach-Destin, FL 173 1 158,118 96.4 % 97.6 % 1,907 12.36 0.3 % 0.2 % 0.2 %
84 Portland-South Portland, ME 104 1 287,533 95.5 % 95.5 % 1,887 17.76 0.3 % 0.4 % 0.2 %
85 Deltona-Daytona Beach-Ormond Beach, FL 91 1 184,379 98.7 % 100.0 % 1,851 10.04 0.3 % 0.3 % 0.2 %
86 California-Lexington Park, MD 362 1 92,335 100.0 % 100.0 % 1,847 20.00 0.3 % 0.1 % 0.2 %
87 Tucson, AZ 54 1 165,350 79.3 % 79.3 % 1,829 13.95 0.3 % 0.3 % 0.2 %
88 Ocean City, NJ 412 1 136,351 73.6 % 98.2 % 1,782 13.30 0.3 % 0.2 % 0.2 %
89 Palm Bay-Melbourne-Titusville, FL 97 1 126,333 86.3 % 95.9 % 1,777 14.66 0.3 % 0.2 % 0.2 %
90 Des Moines-West Des Moines, IA 83 1 269,705 70.3 % 73.9 % 1,658 8.32 0.3 % 0.4 % 0.2 %
91 Toledo, OH 95 1 289,105 81.0 % 81.0 % 1,637 12.79 0.3 % 0.4 % 0.2 %
92 London, KY 300 1 165,826 100.0 % 100.0 % 1,609 9.70 0.3 % 0.3 % 0.2 %
93 Georgetown, SC 518 1 120,095 96.4 % 96.4 % 1,608 13.89 0.3 % 0.2 % 0.2 %
94 Durham-Chapel Hill, NC 93 1 97,226 97.1 % 97.1 % 1,562 16.55 0.3 % 0.1 % 0.2 %
95 Muskegon, MI 252 1 104,600 96.2 % 96.2 % 1,528 15.19 0.3 % 0.2 % 0.2 %
96 Sacramento-Roseville-Folsom, CA 27 1 105,531 27.8 % 51.5 % 1,465 26.94 0.3 % 0.2 % 0.2 %
97 Lafayette-West Lafayette, IN 210 1 132,027 100.0 % 100.0 % 1,408 10.66 0.3 % 0.2 % 0.1 %
98 Lansing-East Lansing, MI 107 1 160,946 63.6 % 66.5 % 1,209 11.30 0.3 % 0.2 % 0.1 %
99 Modesto, CA 106 1 86,689 100.0 % 100.0 % 1,208 14.34 0.3 % 0.1 % 0.1 %
100 Elizabethtown-Fort Knox, KY 278 1 130,466 97.7 % 98.6 % 1,078 8.38 0.3 % 0.2 % 0.1 %
100 Largest CBSAs by ABR — 360 64,461,693 90.0 % 94.0 % 938,992 16.49 98.1 % 99.2 % 99.4 %
Other CBSAs — 7 543,000 88.0 % 88.2 % 5,764 12.22 1.9 % 0.8 % 0.6 %
TOTAL — 367 65,004,693 90.0 % 94.0 % $ 944,756 $ 16.46 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended March 31, 2023 Page 34
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PROPERTIES BY STATE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 49 8,409,296 92.2 % 95.8 % $ 130,149 $ 16.52 13.3 % 12.8 % 13.7 %
2 California 28 5,245,351 92.0 % 96.7 % 109,454 23.10 7.5 % 8.1 % 11.6 %
3 Texas 48 7,408,119 88.5 % 92.1 % 106,884 16.41 13.1 % 11.4 % 11.3 %
4 New York 26 3,383,259 92.6 % 95.4 % 68,087 21.54 7.1 % 5.2 % 7.2 %
5 Pennsylvania 24 4,341,161 88.0 % 94.6 % 65,584 19.67 6.5 % 6.7 % 6.9 %
6 Illinois 17 4,327,656 84.3 % 86.9 % 53,820 14.89 4.6 % 6.7 % 5.7 %
7 New Jersey 16 2,821,952 89.2 % 95.0 % 46,201 18.30 4.4 % 4.3 % 4.9 %
8 Georgia 26 3,616,220 87.1 % 94.4 % 45,203 13.65 7.1 % 5.6 % 4.8 %
9 North Carolina 14 3,067,756 95.6 % 96.7 % 39,833 14.24 3.8 % 4.7 % 4.2 %
10 Michigan 15 2,800,938 90.5 % 92.9 % 35,531 14.29 4.1 % 4.3 % 3.8 %
11 Ohio 13 2,876,545 89.0 % 94.0 % 35,354 15.21 3.5 % 4.4 % 3.7 %
12 Tennessee 7 1,791,013 96.0 % 97.5 % 23,238 13.62 1.9 % 2.8 % 2.5 %
13 Colorado 7 1,591,767 91.9 % 96.9 % 22,950 15.79 1.9 % 2.4 % 2.4 %
14 Connecticut 9 1,477,043 85.2 % 93.4 % 21,428 15.59 2.5 % 2.3 % 2.3 %
15 Massachusetts 10 1,506,840 92.0 % 96.3 % 20,008 15.53 2.7 % 2.3 % 2.1 %
16 Kentucky 7 1,683,212 92.7 % 95.0 % 18,834 13.06 1.9 % 2.6 % 2.0 %
17 South Carolina 8 1,441,400 83.0 % 88.6 % 17,983 14.37 2.2 % 2.2 % 1.9 %
18 Minnesota 9 1,269,831 86.4 % 87.6 % 16,317 16.02 2.5 % 2.0 % 1.7 %
19 Indiana 5 1,204,777 95.0 % 96.8 % 14,289 12.35 1.4 % 1.9 % 1.5 %
20 Virginia 6 826,116 90.6 % 94.1 % 10,679 14.89 1.6 % 1.3 % 1.1 %
21 New Hampshire 5 672,180 92.9 % 96.2 % 9,196 14.83 1.4 % 1.0 % 1.0 %
22 Wisconsin 4 566,588 86.9 % 91.8 % 6,317 12.14 1.1 % 0.9 % 0.7 %
23 Maryland 2 371,904 98.4 % 99.2 % 6,264 17.51 0.5 % 0.6 % 0.7 %
24 Missouri 4 495,523 91.4 % 97.6 % 4,881 10.16 1.1 % 0.8 % 0.5 %
25 Alabama 1 410,401 89.1 % 91.7 % 4,399 11.97 0.3 % 0.6 % 0.5 %
26 Kansas 2 376,599 96.0 % 96.0 % 3,681 13.10 0.5 % 0.6 % 0.4 %
27 Vermont 1 223,314 90.0 % 100.0 % 2,291 10.26 0.3 % 0.3 % 0.2 %
28 Maine 1 287,533 95.5 % 95.5 % 1,887 17.76 0.3 % 0.4 % 0.2 %
29 Arizona 1 165,350 79.3 % 79.3 % 1,829 13.95 0.3 % 0.3 % 0.2 %
30 Iowa 1 269,705 70.3 % 73.9 % 1,658 8.32 0.3 % 0.4 % 0.2 %
31 West Virginia 1 75,344 44.8 % 44.8 % 527 15.61 0.3 % 0.1 % 0.1 %
TOTAL 367 65,004,693 90.0 % 94.0 % $ 944,756 $ 16.46 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 35
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
1 Springdale Mobile AL Mobile, AL 2004 410,401 91.7 % $ 4,399 $ 11.97 Sam's Club* Bed Bath & Beyond (5), Big Lots, Burke's Outlet, Burlington Stores, Conn's HomePlus, Cost Plus World Market, Crunch Fitness, David's Bridal, Fresenius Medical Care, Marshalls, Shoe Station —
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 79.3 % 1,829 13.95 Sam's Club* Bookmans, CareMore, Defy-Tucson —
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 97.8 % 3,729 16.18 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for Less Hobby Lobby
4 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 100.0 % 4,821 26.89 Ralphs (Kroger) Cost Plus World Market, HomeGoods, Rite Aid —
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.1 % 3,214 27.83 TBA, Trader Joe's* CVS, Harbor Freight Tools, Pet Supplies Plus —
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,509 22.74 Stater Bros. — —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,149 100.0 % 2,984 24.23 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection Davis CA Sacramento-Roseville-Folsom, CA 1964 105,531 51.5 % 1,465 26.94 Trader Joe's Nordstrom Rack —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 98.8 % 1,710 17.56 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 99.0 % 3,253 26.37 Major Market, Trader Joe's Rite Aid —
11 Arbor - Broadway Faire (2) Fresno CA Fresno, CA 1995 255,149 83.3 % 3,269 15.37 Smart & Final Extra! PetSmart, The Home Depot DICK's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 166,696 99.0 % 2,379 14.41 ALDI Boot Barn, Five Below, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 86,689 100.0 % 1,208 14.34 Grocery Outlet American Freight, dd's Discounts (Ross) In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 284,331 100.0 % 6,584 23.34 Albertsons Best Buy, CVS, Five Below, Kohl's, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 98.4 % 2,318 19.54 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 202,773 100.0 % 2,468 12.17 Food 4 Less (Kroger) Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 93.4 % 2,629 33.85 — Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 329,421 96.7 % 9,073 28.74 99 Ranch Market, Trader Joe's CVS, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center (3) Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2023 258,685 97.0 % 6,477 25.80 ALDI Marshalls, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 98.9 % 5,560 33.07 Ralphs (Kroger), Trader Joe's Crunch Fitness, CVS —
21 Plaza By The Sea San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1976 48,697 100.0 % 1,383 28.40 Stater Bros. — —
22 Village at Mira Mesa (3) San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 432,079 100.0 % 11,350 27.11 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Mira Mesa Lanes —
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 99.4 % 4,046 24.71 Smart & Final Extra! Harbor Freight Tools, T.J.Maxx —
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 92.5 % 3,550 35.22 Trader Joe's Petco, Rite Aid, Ross Dress for less —
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 3,774 25.38 El Super, Walmart Supercenter Esporta Fitness, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.6 % 2,492 13.64 Vons (Albertsons) Ace Hardware, Big Lots, CVS —
27 Vail Ranch Center (3) Temecula CA Riverside-San Bernardino-Ontario, CA 2023 201,682 97.1 % 3,599 24.76 Stater Bros. Burlington Stores, Five Below, Rite Aid —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 100.0 % 1,187 22.31 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 96.1 % 2,250 23.62 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (3) Vallejo CA Vallejo, CA 2023 519,324 99.6 % 11,173 21.78 Costco* Century Theatres, City Sports Club, DSW, Five Below, Marshalls, Michaels, OfficeMax, Party City, Petco, PetSmart, Ross Dress for Less, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 827 8.68 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,988 99.4 % 7,662 16.31 King Soopers (Kroger) 2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, DICK’S Sporting Goods Warehouse Sale, Goldfish Swim School, Kohl's, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,013 100.0 % 2,164 12.58 King Soopers (Kroger) Chuze Fitness, iGen —
34 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 122,803 97.7 % 2,060 17.42 — Chuze Fitness —
35 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,830 96.3 % 1,214 37.56 King Soopers (Kroger) Pet Supplies Plus —
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 36
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 85.8 % 4,092 17.28 Whole Foods Market, Costco*, SuperTarget* Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
37 Westminster City Center (3) Westminster CO Denver-Aurora-Lakewood, CO 2023 328,978 100.0 % 4,931 14.99 — Barnes & Noble, buybuy BABY, David's Bridal, Five Below, Golf Galaxy, JOANN, Petco, Ross Dress for Less, Sierra Trading Post, Tile Shop, Ulta —
38 The Shoppes at Fox Run Glastonbury CT Hartford-East Hartford-Middletown, CT 1974 106,498 91.0 % 2,765 28.54 Whole Foods Market Petco —
39 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 95.2 % 1,061 15.41 PriceRite (Wakefern) — The Home Depot
40 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 327,775 94.8 % 3,703 11.92 Walmart Supercenter* Bed Bath & Beyond (5), Cost Plus World Market, DICK’S Sporting Goods Warehouse Sale, DSW, Edge Fitness, Frontera Grill, Hobby Lobby, U.S. Furniture Best Buy, The Home Depot, Walmart
41 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 92.6 % 1,666 12.01 Price Chopper Quality Furniture & Electronic —
42 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,365 97.7 % 1,783 17.65 — Barnes & Noble, Dollar Tree, Five Below, HomeGoods, Lumber Liquidators, PetSmart —
43 Christmas Tree Plaza Orange CT New Haven-Milford, CT 1996 133,786 97.0 % 1,507 11.61 — Christmas Tree Shops, Montana Nights Axe Throwing, U.S. Furniture —
44 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 100.0 % 2,757 17.12 — Esporta Fitness, Five Below, Marshalls —
45 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,786 87.9 % 2,184 13.90 Super Stop & Shop (Ahold Delhaize) DLTR, Dollar Tree Target
46 Waterford Commons Waterford CT Norwich-New London, CT 2004 243,511 88.3 % 4,002 19.05 — DICK’S Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
47 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,394 98.9 % 4,095 15.09 Publix Anthony's Ladies Apparel, Bealls Outlet, Burlington Stores, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery —
48 Coastal Way - Coastal Landing (2) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 374,620 99.5 % 4,829 15.58 Sprouts Farmers Market Belk, HomeGoods, Icon EV, Marshalls, Michaels, Office Depot, Petco, Ulta —
49 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 96.4 % 7,201 24.82 Costco*, SuperTarget* Burlington Stores, David's Bridal, Five Below, Michaels, PetSmart, Ross Dress for Less, Total Music & Theatre Conservatory Lowe's
50 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 264,129 96.3 % 4,080 16.26 Publix Big Lots, CareerSource Broward, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center —
51 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 86.4 % 1,963 25.11 — Broward County Library, CVS —
52 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 100.0 % 1,851 10.04 Publix Big Lots, Planet Fitness, Tractor Supply Co. —
53 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 97.6 % 1,907 12.36 Publix Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx —
54 Normandy Square Jacksonville FL Jacksonville, FL 1996 90,384 100.0 % 950 10.89 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar —
55 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,567 96.1 % 2,737 9.25 — American Signature Furniture, Bealls Outlet, Crunch Fitness, David's Bridal, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse —
56 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 98.6 % 1,950 20.15 — Dollar Tree, Esporta Fitness —
57 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 98.8 % 2,749 20.84 Walmart Neighborhood Market Walgreens —
58 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 183,816 80.0 % 1,788 12.59 Publix Daily Dealz, Dollar Tree, Petco, Staples —
59 Marco Town Center (3) Marco Island FL Naples-Marco Island, FL 2023 109,545 93.2 % 2,798 27.41 Publix — —
60 Mall at 163rd Street Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2007 342,385 79.4 % 3,399 12.84 Walmart Supercenter* Citi Trends, Ross Dress for Less The Home Depot
61 Shops at Palm Lakes (3) Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2023 231,536 100.0 % 5,195 24.52 Fresco y Más (Southeastern Grocers) dd's Discounts (Ross), LA Fitness, Miami Beach Healthcare Group, Ross Dress for Less —
62 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 99.5 % 2,785 14.49 Publix Burlington Stores, HomeGoods, Planet Fitness —
63 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,981 97.2 % 5,406 18.12 Trader Joe's Advance Auto Parts, Chuck E. Cheese's, Hobby Lobby, HomeSense, Marshalls —
64 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,104 20.69 Publix Marshalls, Office Depot, PGA TOUR Superstore —
65 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 100.0 % 5,193 21.32 The Fresh Market Big Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth, Yard House —
66 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 100.0 % 1,153 14.21 Publix Zone Fitness Club —
67 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 98.4 % 1,082 12.43 Sedano's Family Dollar —
68 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,616 18.54 — Burlington Stores, LA Fitness Target Supplemental Disclosure - Three Months Ended March 31, 2023 Page 37
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
69 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 100.0 % 1,199 15.71 Publix — —
70 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,366 18.32 Seabra Foods Office Depot —
71 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2023 418,282 90.1 % 10,562 28.51 — Capital Grille, Cuba Libre, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Regal Cinemas, Rodizio Grill, Sport & Social —
72 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 853 13.22 Publix — —
73 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 164,917 92.8 % 3,212 21.57 — Coastal Care, Walgreens —
74 23rd Street Station Panama City FL Panama City, FL 1995 98,827 92.4 % 1,385 15.17 Publix Pet Supplies Plus —
75 Panama City Square Panama City FL Panama City, FL 1989 298,665 100.0 % 2,824 9.46 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx —
76 East Port Plaza (3) Port St. Lucie FL Port St. Lucie, FL 2023 214,489 92.7 % 2,892 14.54 Publix Fortis Institute, Urban Air Adventure Park, Walgreens —
77 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 96.0 % 1,294 14.16 Winn-Dixie (Southeastern Grocers) Dollar Tree —
78 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 761 13.35 Winn-Dixie (Southeastern Grocers) — —
79 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 100.0 % 884 22.43 SuperTarget* The Zoo Health Club —
80 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 100.0 % 2,878 19.98 Publix Archwell Health, Harbor Freight Tools, Pet Supermarket —
81 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,187 12.95 Publix Big Lots, Crunch Fitness, HomeGoods —
82 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 126,333 95.9 % 1,777 14.66 Publix Home Centric, Planet Fitness —
83 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 98.0 % 2,085 13.58 Sprouts Farmers Market Bealls Outlet, Burlington Stores, T.J.Maxx —
84 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 100.0 % 4,451 16.45 Publix Bealls, Bed Bath & Beyond, Michaels, Party City, Petco —
85 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 90.1 % 2,199 17.97 Publix CVS, Dollar Tree —
86 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,407 9.52 Winn-Dixie (Southeastern Grocers) Bealls Outlet, Big Lots —
87 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 195,214 85.8 % 2,151 12.84 Winn-Dixie (Southeastern Grocers) Big Lots, Chuck E. Cheese’s, Crunch Fitness —
88 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 88.2 % 1,956 14.66 Publix Flooring USA —
89 Sunrise Town Center Sunrise FL Miami-Fort Lauderdale-Pompano Beach, FL 1989 110,109 92.4 % 865 8.50 Patel Brothers Dollar Tree Walmart
90 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 98.9 % 1,799 19.62 Publix Rarehues —
91 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 95.2 % 1,371 17.00 — Dollar Tree, Lumber Liquidators, Ross Dress for Less —
92 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,551 17.49 Publix Petco, T.J.Maxx, Ulta —
93 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 98.8 % 1,070 8.18 Winn-Dixie (Southeastern Grocers) Lumber Liquidators, Pet Supermarket, T.J.Maxx —
94 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 97.8 % 1,031 9.60 Publix American Freight Furniture —
95 Venice Village Venice FL North Port-Sarasota-Bradenton, FL 2022 175,342 95.5 % 3,308 19.75 Publix JOANN, Planet Fitness —
96 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 280,749 92.3 % 3,684 19.00 — Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
97 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 445,042 85.1 % 4,752 12.83 City Farmers Market Buckhead Fight Club, dd's Discounts (Ross), Happy Land Dresses, HippoHopp, NCG Cinemas —
98 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 100.0 % 587 8.87 Food Depot Family Dollar —
99 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 100.0 % 1,292 16.34 Publix — —
100 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 100.0 % 839 12.47 Publix — —
101 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 97.1 % 1,343 14.58 Kroger — —
102 Northside Dalton GA Dalton, GA 2001 78,922 100.0 % 890 12.04 — America's Thirft Stores, Dollar Tree —
103 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 100.0 % 960 12.34 Publix — —
104 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 91.2 % 802 18.92 Kroger* — —
105 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,773 11.43 Costco* American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill Big Lots Supplemental Disclosure - Three Months Ended March 31, 2023 Page 38
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
106 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 85.5 % 1,465 11.26 Food Depot Staples —
107 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 218,818 100.0 % 2,885 13.18 ALDI Best Buy, Duluth Trading, Georgia Furniture Mart, Michaels, Nordstrom Rack, PetSmart —
108 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 94.6 % 1,353 14.74 Publix — —
109 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 95.2 % 1,603 15.91 Publix — —
110 The Village at Mableton (3) Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 2023 222,161 97.0 % 2,112 9.80 — Burlington Stores, Dashmart, dd's Discounts (Ross), Dollar Tree, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
111 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 56,840 97.9 % 1,026 19.08 — Crunch Fitness —
112 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 97.3 % 1,443 13.11 Kroger — —
113 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 144,151 97.2 % 2,165 15.45 Kroger — —
114 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 682 9.77 Food Depot — —
115 ConneXion Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2016 107,687 94.9 % 1,990 19.47 — My Salon Suites —
116 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 92.7 % 1,068 12.34 — PGA TOUR Superstore —
117 Kings Market Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2005 275,294 92.1 % 2,918 11.51 Publix Ace Pickleball Club, Frontgate, SkyZone, TK Volleyball —
118 Victory Square Savannah GA Savannah, GA 2007 119,919 96.0 % 1,716 14.91 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
119 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 184,185 97.0 % 3,117 17.44 Kroger — —
120 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 135,865 93.8 % 1,598 12.54 — Conn's Home Plus, Harbor Freight Tools, NCG Cinemas —
121 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.2 % 1,140 11.56 Kroger — —
122 Haymarket Square Des Moines IA Des Moines-West Des Moines, IA 1979 269,705 73.9 % 1,658 8.32 — Big Lots, Genesis Health Club, Many Hands Thrift, Northern Tool + Equipment, Office Depot, Skechers —
123 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 96.3 % 3,879 20.18 Trader Joe's Chuck E. Cheese's, Kirkland's, Petco, Ulta —
124 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 89.7 % 2,089 15.36 — DashMart, XSport Fitness, Wholesalers Unlimited Kohl's
125 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 100.0 % 2,466 12.55 Shop & Save Market Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
126 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 324,977 97.7 % 4,759 16.12 — KPot Korean BBQ & Hot Pot, Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness —
127 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 84.9 % 5,746 13.34 — AMC Theatre, At Home, Burlington Stores, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less —
128 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 75.8 % 2,195 10.61 Jewel-Osco (Albertsons) Burlington Stores Hobby Lobby
129 Elk Grove Town Center Elk Grove Village IL Chicago-Naperville-Elgin, IL-IN-WI 1998 47,704 100.0 % 1,011 22.22 — Dollar Tree —
130 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN-WI 2005 347,503 100.0 % 4,920 14.16 Whole Foods Market At Home, Five Below, Kohl's, Petco, Shoe Carnival —
131 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 93.8 % 2,207 13.72 — Bear Paddle Swim School, Furniture Source & Rugs, Best Buy, Painted Tree Marketplace, PetSmart —
132 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 86.3 % 1,566 17.01 Sunset Foods — —
133 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,007 66.3 % 2,078 13.06 — Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness —
134 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 95.2 % 1,789 16.74 Jewel-Osco Planet Fitness —
135 Westridge Court (2) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 687,950 72.0 % 7,892 16.37 The Fresh Market Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, DICK'S Sporting Goods, Edge Fitness, Five Below, La-Z-Boy Furniture, Painted Tree Marketplace, Star Cinema Grille, Ulta —
136 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN-WI 2007 387,873 96.6 % 4,500 12.01 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco —
137 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN-WI 1990 101,800 88.4 % 1,665 18.50 Whole Foods Market Skechers —
138 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 192,913 93.2 % 1,883 17.58 — Asian Grill Sushi Buffet, Esporta Fitness —
139 Tinley Park Plaza Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2022 237,973 80.2 % 3,175 16.63 Amazon Fresh Burlington Stores, Planet Fitness, Tile Shop —
140 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,769 100.0 % 1,466 11.21 — Dollar Tree, Godby Home Furnishings, Ollie's Bargain Outlet — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 39
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
141 Columbus Center Columbus IN Columbus, IN 1964 143,740 100.0 % 2,015 14.02 — Burlington Stores, Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, Ulta Target
142 Market Centre Goshen IN Elkhart-Goshen, IN 1994 214,067 94.7 % 2,651 13.07 Walmart Supercenter* Aaron's, Burlington Stores, JOANN, Ross Dress for Less, Staples —
143 Speedway Super Center Speedway IN Indianapolis-Carmel-Anderson, IN 2022 584,174 95.4 % 6,749 12.32 Kroger Aaron's, Burlington Stores, Harbor Freight Tools, Healthnet, Kohl's, Oak Street Health Center, Ross Dress for Less, Sears Outlet, T.J.Maxx —
144 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,408 10.66 Pay Less (Kroger) — —
145 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 91.4 % 1,539 10.41 Hy-Vee — —
146 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.5 % 2,142 16.09 Dillons (Kroger) Bellus Academy, JOANN, Marshalls —
147 North Dixie Plaza Elizabethtown KY Elizabethtown-Fort Knox, KY 1992 130,466 98.6 % 1,078 8.38 — At Home, Staples —
148 Florence Plaza - Florence Square (2) Florence KY Cincinnati, OH-KY-IN 2014 686,741 95.4 % 8,522 16.52 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Boot Barn, Burlington Stores, David's Bridal, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Sierra Trading Post, Staples, T.J.Maxx —
149 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,388 80.4 % 1,739 11.04 — Dollar Tree, King Pin Lanes —
150 London Marketplace London KY London, KY 1994 165,826 100.0 % 1,609 9.70 Kroger Goody's, Kohl's, Marshalls, Planet Fitness —
151 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 97.1 % 2,027 11.93 Kroger Petco —
152 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 158,009 97.4 % 1,802 12.32 Kroger Anytime Fitness —
153 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 99.1 % 2,057 13.06 Kroger Marketplace — —
154 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 100.0 % 1,216 8.66 America's Food Basket Citi Trends, Crunch Fitness, Jerusalem Discount Furniture —
155 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 84.4 % 2,010 29.89 — Golf Galaxy, Staples Duluth Trading Co.
156 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 92.0 % 1,665 13.70 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot —
157 WaterTower Plaza (3) Leominster MA Worcester, MA-CT 2023 284,757 96.6 % 3,837 14.22 TBA Barnes & Noble, Michaels, Party City, Petco, Staples, The Paper Store, T.J.Maxx, Ulta —
158 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 100.0 % 390 15.29 Hannaford Bros. (Ahold Delhaize)* — Walmart
159 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 92.6 % 1,395 19.30 Stop And Compare Crunch Fitness, Rainbow Shops —
160 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 98.0 % 2,651 14.80 Star Market (Albertsons) Marshalls, Ocean State Job Lot, The Paper Store —
161 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 99.1 % 2,981 15.97 Market 32 Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
162 Westgate Plaza Westfield MA Springfield, MA 1996 126,093 95.5 % 1,319 13.51 ALDI Five Below, Ocean State Job Lot, Staples, T.J.Maxx —
163 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 99.2 % 2,544 19.90 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
164 South Plaza Shopping Center California MD California-Lexington Park, MD 2005 92,335 100.0 % 1,847 20.00 — Best Buy, Old Navy, Petco, Ross Dress for Less —
165 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,569 99.0 % 4,417 16.64 Giant Food (Ahold Delhaize) Big Lots, Five Below, JOANN, Planet Fitness, Ross Dress for Less, Ulta —
166 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,533 95.5 % 1,887 17.76 — Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts —
167 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 95.8 % 7,096 18.61 Kroger DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta —
168 Maple Village Ann Arbor MI Ann Arbor, MI 2020 288,528 98.6 % 5,024 17.66 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta —
169 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 98.6 % 1,049 12.46 Busch’s Fresh Food Market Ace Hardware —
170 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 79,068 98.0 % 858 11.08 — Dollar Tree, Ollie's Bargain Outlet, True Value —
171 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,205 13.48 VG's Food (SpartanNash) Dunham's Sports, Glik's Five Below, Michaels, Old Navy, T.J.Maxx
172 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 88.7 % 761 8.62 D&W Fresh Market (SpartanNash) — —
173 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 66.5 % 1,209 11.30 — DXL Destination XL, Planet Fitness —
174 Lakes Crossing Muskegon MI Muskegon, MI 2008 104,600 96.2 % 1,528 15.19 — JOANN, Party City, Shoe Carnival, Ulta Kohl's Supplemental Disclosure - Three Months Ended March 31, 2023 Page 40
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
175 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 304,283 80.6 % 2,878 11.73 Prince Valley Market Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Lincoln Behavioral Services —
176 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 470,444 94.1 % 6,855 20.42 TBA Barnes & Noble, DSW, Emagine Theatre, Five Below, Kohl's, Old Navy, Petco, T.J.Maxx, Ulta Target
177 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,724 98.5 % 1,238 12.36 — Citi Trends, Party City, Planet Fitness Burlington Stores, Forman Mills
178 18 Ryan Sterling Heights MI Detroit-Warren-Dearborn, MI 1997 101,564 100.0 % 1,005 9.90 Dream Market — —
179 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,113 7.19 — Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park —
180 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 159,080 90.3 % 1,756 12.22 — Bed Bath & Beyond (5), Crunch Fitness, Party City Petco, Ross Burlington Stores, Target
181 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 956 8.03 Save-A-Lot Big Lots, Dollar Tree, Planet Fitness —
182 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 99.0 % 2,416 19.63 SuperTarget* Best Buy, Dollar Tree, Walgreens —
183 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,287 13.99 Cub Foods (United Natural Foods Inc.) — —
184 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 99.1 % 2,622 14.46 — Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx —
185 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 98.6 % 2,029 23.36 Cub Foods (United Natural Foods Inc.)* Bethesda Thrift, Goldfish Swim School —
186 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 68.6 % 1,704 11.64 — Marshalls, Michaels —
187 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 100.0 % 1,119 19.29 ALDI, Cub Foods (Jerry's Foods)* Dollar Tree —
188 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 100.0 % 1,994 16.80 Fresh Thyme Farmers Market Dollar Tree, Marshalls —
189 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 70.4 % 2,029 14.59 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Planet Fitness —
190 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,117 15.29 Festival Foods Dollar Tree —
191 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 96.5 % 1,710 13.21 ALDI Michaels, Party City, Petco, Tuesday Morning —
192 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 99.0 % 1,518 9.48 Price Chopper Fowling Warehouse —
193 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 98.3 % 1,183 9.64 Price Chopper — —
194 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 470 6.88 Schnucks — —
195 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,649 15.79 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
196 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,424 95.5 % 4,617 16.94 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
197 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,196 9.04 Patel Brothers Big Air Trampoline, Big Lots, Gabriel Brothers, The Home Depot, Value City Furniture —
198 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 180,017 96.7 % 2,530 14.54 LIDL Burn Boot Camp, Citi Trends, Harbor Freight Tools, OfficeMax, PetSmart Target, The Home Depot
199 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 94.2 % 3,926 14.59 Walmart Supercenter* Best Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, pOpshelf, Ross Dress for Less, Skechers —
200 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 99.7 % 6,156 15.16 — Burlington Stores, Christmas Tree Shops, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for Less, Ulta Target
201 University Commons Greenville NC Greenville, NC 1996 233,153 98.1 % 3,306 14.45 Harris Teeter (Kroger) Barnes & Noble, Petco, T.J.Maxx Target
202 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 97.1 % 1,562 16.55 — Person County Health & Human Services —
203 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 100.0 % 4,348 12.44 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown —
204 Crossroads Statesville NC Charlotte-Concord-Gastonia, NC-SC 1997 11,114 100.0 % 155 — Walmart Supercenter* — Tractor Supply Co., Big Lots, Burkes Outlet
205 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 97.5 % 2,124 15.58 — Burlington Stores, PetSmart, pOpshelf, Sportsmans Warehouse Target
206 University Commons Wilmington NC Wilmington, NC 2007 235,345 98.4 % 3,760 16.23 Lowes Foods HomeGoods, Skechers, T.J.Maxx —
207 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 82.4 % 2,546 11.87 Super Compare Foods Badcock Home Furniture, Citi Trends, Modern Home, Office Depot, O'Reilly Auto Parts — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 41
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
208 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 100.0 % 958 13.25 — Chef Store, Golf Galaxy, Mattress Firm —
209 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 103,002 96.0 % 1,798 19.24 — Bed Bath & Beyond, Boston Interiors —
210 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 97.5 % 2,602 14.35 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls —
211 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,540 21.10 Patel Brothers New Hampshire Liquor and Wine Outlet, Petco The Home Depot
212 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 89,634 92.2 % 673 8.14 — JOANN, The Zoo Health Club, Tractor Supply Co. Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
213 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 151,754 93.6 % 1,583 11.14 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
214 Laurel Square (3) Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2023 245,984 93.3 % 2,108 9.18 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
215 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 96.3 % 4,792 24.62 ShopRite Burlington Stores, Planet Fitness, Ross Dress For Less —
216 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — —
217 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,459 97.7 % 3,459 15.48 LIDL Big Lots, Esporta Fitness, Five Below, Ross Dress for Less, Ulta —
218 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 97.3 % 2,099 14.38 Grocery Outlet 2nd Ave, Crab Du Jour, Dollar Tree, Family Dollar, Planet Fitness, Rothman Orthopaedic Institute —
219 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ-PA 2002 127,230 94.9 % 1,622 13.43 Super Stop & Shop (Ahold Delhaize) Pet Supplies Plus —
220 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 97.3 % 7,527 23.01 Sprouts Farmers Market Burlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx —
221 Middletown Plaza Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2001 201,781 86.2 % 3,301 19.26 — At Home, Petco —
222 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 93.0 % 1,252 30.23 ShopRite — —
223 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2022 254,548 100.0 % 4,728 18.57 Bhavani Food Market, TBA Marshalls, Pep Boys, Petco, Robert Wood Johnson Fitness —
224 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ-PA 1994 159,561 74.6 % 2,577 21.65 — Blink Fitness (Equinox), HomeGoods, Marshalls —
225 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,351 98.2 % 1,782 13.30 ShopRite* Burlington Stores, PetSmart, Planet Fitness, Skechers —
226 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,183 99.1 % 3,645 20.53 ShopRite Dollar Tree, Staples —
227 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 100.0 % 664 18.34 ShopRite — —
228 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 95.3 % 1,459 17.45 — Dollar Tree, Jersey Strong Uncle Giuseppe's
229 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 98.3 % 3,721 17.51 Walmart Supercenter* Dollar Tree, Marshalls, Ross Dress for Less, Staples, Ulta —
230 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 92.3 % 2,687 32.45 ALDI T.J.Maxx —
231 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,316 94.1 % 1,869 24.15 BJ's Wholesale*, TBA Five Below Kohl's, Walmart
232 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 91.3 % 2,091 29.57 Stop & Shop*, Wild by Nature Market* Ace Hardware Rite Aid
233 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2022 207,893 100.0 % 4,209 20.25 — Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites —
234 Dalewood I, II & III Shopping Center (3) Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 2023 196,375 90.2 % 7,072 40.88 H-Mart Barnes & Noble, Christmas Tree Shops, T.J.Maxx, Ulta —
235 Unity Plaza Hopewell Junction NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,430 21.20 Acme (Albertsons) True Value —
236 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 94.5 % 1,982 10.26 ALDI Big Lots, Dollar Tree, JOANN, Planet Fitness, True Value, VA Community Based Outpatient —
237 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,634 22.63 Key Food Marketplace T.J.Maxx —
238 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 669 39.35 Trader Joe's — —
239 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 100.0 % 1,555 25.12 KolSave Market* Advance Auto Parts, Dollar Tree, Planet Fitness —
240 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,470 100.0 % 1,463 40.12 North Shore Farms CVS —
241 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 97.6 % 3,351 15.86 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers —
242 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 100.0 % 2,373 11.65 — Big Lots, Citi Trends, David's Bridal, Hobby Lobby — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 42
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
243 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 90.1 % 1,860 16.92 ShopRite Better Lifestyle Club, U.S. Post Office —
244 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 251,448 92.3 % 5,552 25.88 A Matter of Health Barnes & Noble, Marshalls, Quality Furniture & Electronic, Ulta —
245 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,743 96.3 % 1,488 38.89 — Chipotle, Phenix Salon Suites —
246 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 92.4 % 3,228 26.88 — Dollar Tree, HomeGoods —
247 Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 120,089 100.0 % 3,092 25.75 Costco* HomeSense, Marshalls, Petsmart, Ulta —
248 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,084 21.02 Fine Fare CVS, T.J.Maxx —
249 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,284 29.10 — HomeGoods, Rite Aid —
250 College Plaza Selden NY New York-Newark-Jersey City, NY-NJ-PA 2013 188,214 92.7 % 3,660 25.19 ShopRite Five Below, Wren Kitchens Firestone
251 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 87.6 % 1,879 13.34 — Olum's Furniture & Appliances, Staples —
252 Parkway Plaza Vestal NY Binghamton, NY 1995 207,154 100.0 % 2,322 11.21 — DICK’S Sporting Goods Warehouse Sale, JOANN, Kohl's, PetSmart Target
253 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 93.9 % 1,531 17.67 — HomeGoods, Michaels, Old Navy —
254 Town Square Mall (2) Vestal NY Binghamton, NY 1991 291,346 94.9 % 4,943 17.87 Sam's Club*, Walmart Supercenter* AMC Vestal Town Square 9, Barnes & Noble, Burlington Stores, DICK'S Sporting Goods, Dollar Tree, DSW, GameStop, Starbucks, T.J.Maxx, Ulta —
255 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 94.0 % 2,779 33.42 H-Mart — —
256 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 147,048 96.9 % 2,312 16.82 Giant Eagle — The Home Depot
257 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 98.7 % 2,762 18.26 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
258 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 165,348 99.3 % 1,552 9.54 Kroger Pet Supplies Plus, Salvation Army —
259 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,356 98.9 % 3,973 15.86 Fresh Thyme Farmers Market Esporta Fitness, HomeGoods, Painted Tree Marketplace, Pet Supplies Plus, T.J.Maxx —
260 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 240,022 97.3 % 4,953 22.02 — Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, Ulta Target
261 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,312 37.33 Kroger — —
262 Crown Point Columbus OH Columbus, OH 1980 144,931 90.2 % 1,352 10.34 Kroger Dollar Tree, Planet Fitness —
263 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 86.4 % 1,257 11.90 Kroger — —
264 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 98.0 % 4,758 15.18 Health Foods Unlimited Burlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Red Robin Gourmet Burger, Value City Furniture —
265 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 90.8 % 5,876 11.10 BJ's Wholesale Club*, Giant Eagle, Marc's Cleveland Furniture Bank, JOANN, Marshalls, Office Max, Party City, UFC Gym —
266 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 100.0 % 1,220 17.43 — Ollie's Bargain Outlet, Sears Outlet —
267 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,140 96.6 % 2,390 28.17 Kroger Advance Auto Parts, Rainbow Shops —
268 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 289,105 81.0 % 1,637 12.79 Kroger Big Lots, Crunch Fitness, Harbor Freight Tools —
269 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 91.1 % 2,469 19.29 Giant Food (Ahold Delhaize) CVS, Dollar Tree —
270 Park Hills Plaza Altoona PA Altoona, PA 1985 21,786 100.0 % 742 37.88 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
271 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 98.2 % 4,281 14.63 Giant Food (Ahold Delhaize) Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe —
272 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 91.6 % 2,746 11.81 — Dollar Tree, Family Dollar, Ollie's Bargain Outlet, RumbleOn —
273 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 59.5 % 316 11.53 — — —
274 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 92.1 % 2,542 19.20 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
275 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 91.1 % 1,767 19.19 Kimberton Whole Foods Pep Boys, Rascal Fitness —
276 Plymouth Square Shopping Center (3) Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2023 234,810 91.0 % 4,738 22.18 Weis Markets Pet Supplies Plus, Planet Fitness, REI, Rite Aid — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 43
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
277 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,211 28.94 Giant Food (Ahold Delhaize) — —
278 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 62.6 % 578 20.49 Hung Vuong Food Market* — —
279 Dickson City Crossings (3) Dickson City PA Scranton--Wilkes-Barre, PA 2023 312,355 98.9 % 3,775 19.31 — Burlington Stores, Dollar Tree, Gabe's, JOANN, Party City, PetSmart, Sierra Trading Post, The Home Depot, T.J.Maxx —
280 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 237,681 78.5 % 2,810 15.07 — Kohl's, Marshalls —
281 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 96.9 % 1,355 18.59 — Dollar Tree, Ross Dress for Less, Tuesday Morning (5), U.S. Post Office —
282 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 89.7 % 1,004 20.61 Weis Markets* — —
283 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 224,502 93.4 % 7,350 36.50 McCaffrey's Ulta —
284 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,072 28.89 — Dollar Tree, Target, Wine & Spirits Shoppe —
285 Roosevelt Mall Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 586,860 96.4 % 9,641 38.62 Sprouts Farmers Market LA Fitness, Macy's, Rainbow Shops, Ross Dress For Less —
286 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 100.0 % 1,266 7.17 Redner's Warehouse Market Big Lots, Staples —
287 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 95.1 % 1,700 11.56 ALDI Big Lots, Dollar Tree, Planet Fitness, Rite Aid —
288 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 464 11.12 Fresh Grocer (Wakefern)* EZ Bargains, Rent-A-Center, Super Dollar City —
289 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 4,050 18.53 ShopRite Harbor Freight Tools, Old Navy, Party City, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
290 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 91.6 % 767 13.20 Giant Food (Ahold Delhaize) Penn State Health —
291 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 315,192 98.9 % 3,272 10.50 Redner's Warehouse Market Dollar Tree, Gabe's, Mavis Discount Tires, PetSmart, Ross Dress for Less, Staples —
292 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,668 35.24 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus —
293 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 97.6 % 2,779 17.08 Kroger K1 Speed —
294 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 98.5 % 1,656 19.89 Lowes Foods — —
295 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 31.1 % 482 23.72 — — —
296 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 98.4 % 1,758 10.51 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Tuesday Morning —
297 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 72.8 % 2,224 9.52 — Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet —
298 Pawleys Island Plaza Pawleys Island SC Georgetown, SC 2015 120,095 96.4 % 1,608 13.89 Publix Petco, T.J.Maxx, Tuesday Morning —
299 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 100.0 % 2,511 19.17 — Ross Dress for Less, T.J.Maxx Target
300 Hillcrest Market Place (3) Spartanburg SC Spartanburg, SC 2023 369,759 95.1 % 4,965 14.69 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
301 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,948 99.5 % 3,286 12.57 ALDI At Home, Big Lots, Carbon Athletics, DICK’S Sporting Goods Warehouse Sale —
302 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 99.6 % 4,377 13.26 — Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness —
303 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 99.3 % 2,100 9.64 — Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less —
304 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,004 8.41 — Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park —
305 The Commons at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 95.8 % 10,054 17.02 — 2nd & Charles, 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
306 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 91.0 % 1,361 13.11 Kroger Aaron's —
307 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,056 12.78 Kroger — Walgreens
308 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 170,605 96.0 % 2,168 13.24 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet Fitness —
309 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 59.6 % 949 16.60 — — —
310 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 98.5 % 675 9.57 El Ahorro Supermarket Dollar Tree, Family Dollar — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 44
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
311 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 85.2 % 914 7.84 — Tops Printing —
312 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.3 % 3,253 19.01 — Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's
313 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 100.0 % 1,482 28.15 Kroger CVS —
314 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 92.8 % 1,073 13.66 — Crunch Fitness, Dollar Tree, Tuesday Morning —
315 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 95.2 % 2,390 26.32 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
316 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 33.5 % 344 15.84 — Family Dollar —
317 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 96.4 % 751 11.30 — Canales, Family Dollar —
318 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 100.0 % 495 10.88 — Big Lots, O'Reilly Auto Parts —
319 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 86.8 % 1,175 13.12 El Rio Grande Latin Market Family Dollar —
320 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2023 575,995 90.1 % 6,787 16.99 El Rancho, Kroger Five Below, Kids Empire, LA Fitness, Mi Doctor, Ross Dress for Less, Skechers, Target —
321 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 96.4 % 1,144 10.04 Food Town Burkes Outlet, Walgreens —
322 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 100.0 % 1,939 11.37 Tom Thumb (Albertsons) Goody Goody Wine & Spirits, Overstock Furniture & Mattress —
323 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 92.4 % 3,845 21.08 Tom Thumb (Albertsons) DSW, Ulta —
324 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 793,217 92.1 % 16,466 22.55 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, pOpshelf, Ross Dress for Less, T.J.Maxx —
325 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,386 15.57 Truong Nguyen Grocer — —
326 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 96.7 % 1,188 12.38 — Painted Tree Marketplace, Planet Fitness —
327 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 93.6 % 694 10.35 Kroger — —
328 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 95.1 % 998 31.33 Kroger — —
329 Braes Heights Houston TX Houston-The Woodlands-Sugar Land, TX 2022 92,179 92.5 % 2,602 30.51 — CVS, I W Marks Jewelers, My Salon Suites —
330 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,982 96.3 % 717 8.09 Food Town — —
331 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,988 100.0 % 971 13.46 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
332 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 90.6 % 1,424 15.86 ALDI 24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors —
333 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 98.0 % 2,372 11.62 El Rancho Big Lots, Conn's —
334 Jester Village Houston TX Houston-The Woodlands-Sugar Land, TX 2022 62,665 94.7 % 1,325 22.33 — 24 Hour Fitness —
335 Jones Plaza (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2023 111,206 92.1 % 1,195 11.67 La Michoacana Meat Market Aaron's, Fitness Connection —
336 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 99.5 % 1,611 9.54 — Big Lots, Hobby Lobby, Octapharma —
337 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 100.0 % 1,012 10.20 Foodarama Burke's Outlet, Kids Empire —
338 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,451 99.1 % 3,772 15.44 Kroger Big Lots, Petco, Planet Fitness, Ross Dress for Less, Tuesday Morning —
339 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 38,724 100.0 % 606 15.65 El Rancho* Firestone, TitleMax, WSS —
340 Northshore (2) Houston TX Houston-The Woodlands-Sugar Land, TX 2001 229,954 93.0 % 3,129 14.86 Sellers Bros. Conn's, Dollar Tree, Oak Street Health, Office Depot —
341 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,666 91.8 % 2,486 14.40 El Rancho 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) —
342 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,664 100.0 % 2,241 12.65 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
343 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 146,279 86.9 % 3,165 24.91 H-E-B — —
344 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 82,623 97.9 % 1,325 16.38 ALDI Dollar Tree, Party City, Salon In The Park —
345 West U Marketplace Houston TX Houston-The Woodlands-Sugar Land, TX 2000 60,136 100.0 % 1,575 26.19 Whole Foods Market — —
346 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 94.8 % 2,412 10.35 Fiesta Mart King Dollar, Marshalls, Sanitas Medical Center —
347 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 95.5 % 2,082 15.87 Kroger LA Fitness —
348 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 181,732 96.8 % 1,916 10.89 Kroger Burkes Outlet, Retro Fitness — Supplemental Disclosure - Three Months Ended March 31, 2023 Page 45
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1)(4) Other Major Tenants (4) Major Tenants
349 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 98.5 % 1,446 9.38 Kroger American Freight Furniture, Harbor Freight Tools, Walgreens —
350 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 145,000 91.2 % 2,890 22.79 Central Market (H-E-B) — —
351 Preston Park Village (3) Plano TX Dallas-Fort Worth-Arlington, TX 2023 256,385 83.9 % 5,907 27.45 — Gap Factory Store, HomeGoods, Petco —
352 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,293 97.0 % 1,504 12.75 El Rancho Family Dollar —
353 Lake Pointe Village Sugar Land TX Houston-The Woodlands-Sugar Land, TX 2010 162,263 87.9 % 4,184 29.32 Whole Foods Market — —
354 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,842 92.6 % 2,229 10.87 Kroger Conn's, Harbor Freight Tools, Planet Fitness —
355 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 26.1 % 670 25.48 — — —
356 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 79.1 % 1,015 9.65 — Ollie's Bargain Outlet, Tractor Supply Co. —
357 Hanover Square Mechanicsville VA Richmond, VA 1991 141,569 96.6 % 2,258 16.51 — Gold's Gym, Hobby Lobby Kohl's
358 Tuckernuck Square Richmond VA Richmond, VA 1981 88,220 92.6 % 1,441 17.65 — 2nd & Charles, Chuck E. Cheese's —
359 Cave Spring Corners Roanoke VA Roanoke, VA 2005 147,133 97.1 % 1,234 14.70 Kroger Hamrick's —
360 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 97.1 % 1,447 8.97 — Dollar Tree, Kohl's, PetSmart —
361 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,105 99.8 % 3,284 22.14 Trader Joe's JOANN, PetSmart, Ulta —
362 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 100.0 % 2,291 10.26 Price Chopper Dollar Tree, T.J.Maxx, Planet Fitness, Walmart —
363 Spring Mall Greenfield WI Milwaukee-Waukesha, WI 2003 45,920 31.3 % 144 10.01 — — Walgreens
364 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,744 96.9 % 3,628 17.11 Sendik's Food Market Marshalls, The Tile Shop —
365 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 100.0 % 1,036 10.54 Pick 'n Save (Kroger) — —
366 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,621 96.0 % 1,509 7.72 — Hobby Lobby, Kohl's Big Lots, Five Below, HomeGoods, Sierra Trading Company
367 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 44.8 % 527 15.61 — O'Reilly Auto Parts, Sportsman's Warehouse —
TOTAL PORTFOLIO 65,004,693 94.0 % $ 944,756 $ 16.46
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.
(4) Major tenants exclude tenants that have ceased to operate or gone dark.
(5) Location rejected in bankruptcy subsequent to quarter-end.
Supplemental Disclosure - Three Months Ended March 31, 2023 Page 46
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