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8-K

Brixmor Property Group Inc. (BRX)

8-K 2024-02-12 For: 2024-02-12
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 12, 2024

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

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

450 Lexington Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

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

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

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

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

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

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

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

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

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On February 12, 2024, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the fourth quarter and year ended December 31, 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 February 12, 2024.
99.2 Brixmor Property Group Inc. Supplemental Financial Information for the fourth quarter ended December 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: February 12, 2024 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 FOURTH QUARTER AND FULL YEAR 2023 RESULTS

  • Achieved Record Total and Small Shop Leased Occupancy -

NEW YORK, FEBRUARY 12, 2024 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2023. For the three months ended December 31, 2023 and 2022, net income was $0.24 per diluted share and $0.35 per diluted share, respectively, and for the twelve months ended December 31, 2023 and 2022, net income was $1.01 per diluted share and $1.17 per diluted share, respectively.

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

•Executed 1.7 million square feet of new and renewal leases, with rent spreads on comparable space of 19.6%, including 0.8 million square

feet of new leases, with rent spreads on comparable space of 37.4%

•Sequentially increased total leased occupancy to a record 94.7%, anchor leased occupancy to 96.8%, and small shop leased occupancy to a record 90.3%

◦Commenced $15.9 million of annualized base rent

◦Leased to billed occupancy spread totaled 410 basis points

◦Total signed but not yet commenced lease population represented 3.0 million square feet and a record $64.0 million of annualized base rent

•Reported an increase in same property NOI of 3.1%

•Reported Nareit FFO of $154.7 million, or $0.51 per diluted share

•Stabilized $119.5 million of reinvestment projects at an average incremental NOI yield of 9%, with the in process reinvestment pipeline totaling $429.2 million at an expected average incremental NOI yield of 9%

•Completed $21.6 million of dispositions

•Received a credit rating upgrade on November 3, 2023 from S&P Global Ratings to 'BBB' from 'BBB-', with a stable outlook

Key highlights for the twelve months ended December 31, 2023 include:

•Executed 6.3 million square feet of new and renewal leases, with rent spreads on comparable space of 19.3%, including 3.0 million square

feet of new leases, with rent spreads on comparable space of 40.0%

•Reported an increase in same property NOI of 4.0%, including a contribution from base rent of 430 basis points

•Reported Nareit FFO of $615.6 million, or $2.04 per diluted share

•Stabilized $156.7 million of reinvestment projects at an average incremental NOI yield of 9%

•Completed $189.9 million of dispositions

•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 $200.0 million delayed draw term loan

•Promoted Brian T. Finnegan to Senior Executive Vice President and Chief Operating Officer from Executive Vice President, Chief Revenue Officer

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•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, John Peter ("JP") Suarez, retired Executive Vice President, Regional Chief Executive Officer and Chief Administration Officer, Walmart International, as a director, and Sandra A. J. Lawrence as chair of the Company's audit committee

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

Subsequent events:

•Provided 2024 Nareit FFO per diluted share expectations of $2.06 - $2.10 and same property NOI growth expectations of 2.50% - 3.50%

•Completed $12.4 million of dispositions

•Issued $400.0 million of 5.500% Senior Notes due 2034

•As previously announced, named Steven Gallagher, the Company’s Senior Vice President, Chief Accounting Officer since 2017, as interim Chief Financial Officer, effective January 19, 2024. Mr. Gallagher succeeded Angela M. Aman, who stepped down as the Company’s President, Chief Financial Officer and Treasurer, in order to assume the position of Chief Executive Officer of Kilroy Realty Corporation

“Our balanced, value-added business plan continues to deliver, not only driving the transformation of our portfolio, which is reflected in every metric, but also positioning us for continued outperformance,” commented James Taylor, Chief Executive Officer and President.

FINANCIAL HIGHLIGHTS

Net Income

•For the three months ended December 31, 2023 and 2022, net income was $72.7 million, or $0.24 per diluted share, and $107.2 million, or $0.35 per diluted share, respectively.

•For the twelve months ended December 31, 2023 and 2022, net income was $305.1 million, or $1.01 per diluted share, and $354.2 million, or $1.17 per diluted share, respectively.

Nareit FFO

•For the three months ended December 31, 2023 and 2022, Nareit FFO was $154.7 million, or $0.51 per diluted share, and $147.0 million, or $0.49 per diluted share, respectively. Results for the three months ended December 31, 2023 and 2022 include items that impact FFO comparability, including transaction expenses, net, litigation and other non-routine legal expenses, and gain (loss) on extinguishment of debt, net, of $(0.1) million, or $(0.00) per diluted share, and $0.0 million, or $0.00 per diluted share, respectively.

•For the twelve months ended December 31, 2023 and 2022, Nareit FFO was $615.6 million, or $2.04 per diluted share, and $588.9 million, or $1.95 per diluted share, respectively. Results for the twelve months ended December 31, 2023 and 2022 include items that impact FFO comparability, including transaction expenses, net, litigation and other non-routine legal expenses, and gain (loss) on extinguishment of debt, net, of $4.1 million, or $0.01 per diluted share, and $(1.8) million, or $(0.01) per diluted share, respectively.

Same Property NOI Performance

•For the three months ended December 31, 2023, the Company reported an increase in same property NOI of 3.1% versus the comparable 2022 period.

•For the twelve months ended December 31, 2023, the Company reported an increase in same property NOI of 4.0% versus the comparable 2022 period.

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Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.2725 per common share (equivalent to $1.09 per annum) for the first quarter of 2024.

•The dividend is payable on April 15, 2024 to stockholders of record on April 2, 2024, representing an ex-dividend date of April 1, 2024.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended December 31, 2023, the Company stabilized 14 value enhancing reinvestment projects with a total aggregate net cost of approximately $119.5 million at an average incremental NOI yield of 9% and added four new reinvestment projects to its in process pipeline. Projects added include one anchor space repositioning project, one outparcel development project, and two redevelopment projects, with a total aggregate net estimated cost of approximately $62.8 million at an expected average incremental NOI yield of 10%.

•At December 31, 2023, the value enhancing reinvestment in process pipeline was comprised of 45 projects with an aggregate net estimated cost of approximately $429.2 million at an expected average incremental NOI yield of 9%. The in process pipeline includes 20 anchor space repositioning projects with an aggregate net estimated cost of approximately $94.9 million at an expected incremental NOI yield of 7% - 14%; nine outparcel development projects with an aggregate net estimated cost of approximately $19.8 million at an expected average incremental NOI yield of 10%; and 16 redevelopment projects with an aggregate net estimated cost of approximately $314.5 million at an expected average incremental NOI yield of 8%.

•A virtual road trip highlighting the breadth and depth of the ongoing transformation across the Company's portfolio can be found at this link: https://www.brixmor.com/transformation-tour.

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

Acquisitions

•During the three months ended December 31, 2023, the Company acquired a land parcel at an existing property for $0.4 million.

•During the twelve months ended December 31, 2023, the Company terminated a ground lease and acquired the associated land parcel at an existing property and acquired a land parcel at an existing property, for a combined purchase price of $2.2 million.

Dispositions

•During the three months ended December 31, 2023, the Company generated approximately $21.6 million of gross proceeds on the disposition of two shopping centers, as well as one partial property, comprised of 0.4 million square feet of gross leasable area.

•During the twelve months ended December 31, 2023, the Company generated approximately $189.9 million of gross proceeds on the disposition of eleven shopping centers, as well as nine partial properties, comprised of 1.7 million square feet of gross leasable area.

•Subsequent to December 31, 2023, the Company disposed of one shopping center for $12.4 million of gross proceeds.

CAPITAL STRUCTURE

•During the three months ended December 31, 2023, the Operating Partnership entered into new forward-starting swaps related to $300.0 million of the Company’s $500.0 million Term Loan that fix SOFR at a rate of 4.08% (plus a credit spread, currently 95 basis points, and SOFR adjustment of 10 basis points), from July 26, 2024 through July 26, 2027, the maturity of the Term Loan, and which will replace existing swaps that fix SOFR at a rate of 2.59% (plus a credit spread, currently 95 basis points) and expire on July 26, 2024.

•During the twelve months ended December 31, 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 recognized a gain on extinguishment of debt of $4.4 million, or $0.01 per diluted share, in the second quarter of 2023. The Operating Partnership funded the Tender Offer with proceeds from its

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$200.0 million delayed draw term loan, which was drawn on April 24, 2023, and together with the $300.0 million term loan comprises the Company’s $500.0 million Term Loan.

•At December 31, 2023, the Company had $1.2 billion in liquidity and $300.4 million of debt maturities in June 2024.

•At December 31, 2023, the Company's net principal debt to adjusted EBITDA was 6.0x.

•On January 12, 2024, the Operating Partnership issued $400.0 million aggregate principal amount of 5.50% Senior Notes due 2034. Proceeds will be utilized for general corporate purposes, including repayment of indebtedness.

GUIDANCE

•The Company expects 2024 NAREIT FFO per diluted share of $2.06 - $2.10 and same property NOI growth of 2.50% - 3.50%

•Expectations for 2024 same property NOI growth include a:

◦Contribution from base rent of 350 - 400 basis points

◦Detraction from revenues deemed uncollectible of (100) - (50) basis points (this equates to 110 - 75 basis points of total expected revenues in 2024)

•Expectations for 2024 Nareit FFO:

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

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

•The following table provides a bridge from the Company's 2023 Nareit FFO per diluted share to the Company's 2024 estimated Nareit FFO per diluted share:

Low High
2023 Nareit FFO per diluted share $2.04 $2.04
Same property NOI growth 0.07 0.10
General and administrative expense and other 1 0.01 0.01
Interest expense, net 2 (0.03) (0.03)
Impact of 2023 transaction activity (0.01) (0.01)
Items that impact FFO comparability 3 (0.01) (0.01)
Non-cash GAAP rental adjustments 4 (0.01) 0.00
2024E Nareit FFO per diluted share $2.06 $2.10

1.Includes general and administrative expense, non-same property NOI, lease termination fees, non-real estate depreciation and amortization, and other income (expense). 2024 general and administrative expense includes a favorable impact of approximately $0.01 per share associated with the Chief Financial Officer transition.

2.Includes interest expense and dividends and interest.

3.Includes gain on extinguishment of debt, net, and transaction expenses, net recognized in 2023.

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

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•The following table provides a reconciliation of the range of the Company's 2024 estimated net income to Nareit FFO:

(Unaudited, dollars in millions, except per share amounts) 2024E 2024E Per Diluted Share
Net income $252 - $264 $0.83 - $0.87
Depreciation and amortization related to real estate 371 1.23
Nareit FFO $623 - $635 $2.06 - $2.10

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, February 13, 2024 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 February 27, 2024 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode:13742799) or via the web through February 13, 2025 at https://www.brixmor.com in the Investors section.

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

NON-GAAP PERFORMANCE MEASURES

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

Nareit FFO

Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis. Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in

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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, income or expense associated with the Company’s captive insurance company, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that same property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.

ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 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,”

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“seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2023, 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 press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of As of
12/31/23 12/31/22
Assets
Real estate
$ 1,794,011 $ 1,820,358
8,570,874 8,405,969
126,007 129,310
504,995 542,714
10,995,887 10,898,351
(3,198,980) (2,996,759)
Real estate, net 7,796,907 7,901,592
Cash and cash equivalents 866 16,492
Restricted cash 18,038 4,767
Marketable securities 19,914 21,669
Receivables, net 278,775 264,146
Deferred charges and prepaid expenses, net 164,061 154,141
Real estate assets held for sale — 10,439
Other assets 54,155 62,684
Total assets $ 8,332,716 $ 8,435,930
Liabilities
Debt obligations, net $ 4,933,525 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 548,890 535,419
Total liabilities 5,482,415 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,006 2,999
Additional paid-in capital 3,310,590 3,299,496
Accumulated other comprehensive income (loss) (2,700) 8,851
Distributions in excess of net income (460,595) (446,336)
Total equity 2,850,301 2,865,010
Total liabilities and equity $ 8,332,716 $ 8,435,930

All values are in US Dollars.

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CONSOLIDATED STATEMENTS OF OPERATIONS
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
Revenues
Rental income $ 316,404 $ 308,459 $ 1,243,844 $ 1,217,362
Other revenues 81 110 1,192 712
Total revenues 316,485 308,569 1,245,036 1,218,074
Operating expenses
Operating costs 39,815 38,816 146,473 141,408
Real estate taxes 42,961 42,260 173,517 170,383
Depreciation and amortization 89,470 90,599 362,277 344,731
Impairment of real estate assets — 1,127 17,836 5,724
General and administrative 30,260 30,429 117,128 117,225
Total operating expenses 202,506 203,231 817,231 779,471
Other income (expense)
Dividends and interest 321 116 666 314
Interest expense (47,204) (48,493) (190,733) (192,427)
Gain on sale of real estate assets 6,402 50,896 65,439 111,563
Gain (loss) on extinguishment of debt, net — — 4,356 (221)
Other (801) (702) (2,446) (3,639)
Total other income (expense) (41,282) 1,817 (122,718) (84,410)
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Net income per common share:
Basic $ 0.24 $ 0.36 $ 1.01 $ 1.18
Diluted $ 0.24 $ 0.35 $ 1.01 $ 1.17
Weighted average shares:
Basic 301,022 300,474 300,977 299,938
Diluted 302,430 302,258 302,376 301,742
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FUNDS FROM OPERATIONS (FFO)
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
$ 72,697 $ 107,155 $ 305,087 $ 354,193
Depreciation and amortization related to real estate 88,374 89,570 358,088 340,561
Gain on sale of real estate assets (6,402) (50,896) (65,439) (111,563)
Impairment of real estate assets — 1,127 17,836 5,724
$ 154,669 $ 146,956 $ 615,572 $ 588,915
$ 0.51 $ 0.49 $ 2.04 $ 1.95
302,430 302,258 302,376 301,742
Transaction expenses, net $ (58) $ 9 $ (256) $ (1,122)
Litigation and other non-routine legal expenses — (2) — (494)
Gain (loss) on extinguishment of debt, net — — 4,356 (221)
$ (58) $ 7 $ 4,100 $ (1,837)
$ (0.00) $ 0.00 $ 0.01 $ (0.01)
Straight-line rental income, net (1) $ 6,988 $ 5,575 $ 23,498 $ 23,458
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,739 2,072 9,153 8,793
Straight-line ground rent expense, net (2) 6 7 31 (160)
$ 0.2725 $ 0.2600 $ 1.0525 $ 0.9800
$ 81,913 $ 77,978 $ 316,364 $ 293,755
53.0 % 53.1 % 51.4 % 49.9 %
(1) Includes straight-line rental income reversals and re-establishments of 0.6 million and (1.0 million) during the three months ended December 31, 2023 and 2022, respectively. Includes straight-line rental income reversals and re-establishments of (0.4 million) and (1.2 million) during the twelve months ended December 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 Twelve Months Ended
12/31/23 12/31/22 Change 12/31/23 12/31/22 Change
Same Property NOI Analysis
Number of properties 357 357 — 345 345 —
Percent billed 90.6 % 90.2 % 0.4 % 90.6 % 90.4 % 0.2 %
Percent leased 94.7 % 93.9 % 0.8 % 94.7 % 94.1 % 0.6 %
Revenues
Base rent $ 221,287 $ 215,399 $ 847,190 $ 811,943
Expense reimbursements 74,683 70,079 266,957 251,991
Revenues deemed uncollectible (1,895) (1,908) (5,095) 4,484
Ancillary and other rental income / Other revenues 6,498 6,502 23,408 23,476
Percentage rents 2,012 1,829 9,187 8,832
302,585 291,901 3.7 % 1,141,647 1,100,726 3.7 %
Operating expenses
Operating costs (40,012) (37,351) (137,863) (130,292)
Real estate taxes (42,267) (40,816) (157,636) (157,024)
(82,279) (78,167) 5.3 % (295,499) (287,316) 2.8 %
Same property NOI $ 220,306 $ 213,734 3.1 % $ 846,148 $ 813,410 4.0 %
NOI margin 72.8 % 73.2 % 74.1 % 73.9 %
Expense recovery ratio 90.8 % 89.7 % 90.3 % 87.7 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 5,888 2.8 % $ 35,247 4.3 %
Revenues deemed uncollectible 13 0.0 % (9,579) (1.1) %
Net expense reimbursements 492 0.2 % 6,783 0.8 %
Ancillary and other rental income / Other revenues (4) (0.0) % (68) (0.0) %
Percentage rents 183 0.1 % 355 0.0 %
3.1 % 4.0 %
Reconciliation of Net Income to Same Property NOI
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Adjustments:
Non-same property NOI (2,927) (5,628) (41,594) (57,551)
Lease termination fees (743) (477) (4,622) (3,231)
Straight-line rental income, net (6,988) (5,575) (23,498) (23,458)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,739) (2,072) (9,153) (8,793)
Straight-line ground rent expense, net (6) (7) (31) 160
Depreciation and amortization 89,470 90,599 362,277 344,731
Impairment of real estate assets — 1,127 17,836 5,724
General and administrative 30,260 30,429 117,128 117,225
Total other (income) expense 41,282 (1,817) 122,718 84,410
Same property NOI $ 220,306 $ 213,734 $ 846,148 $ 813,410
ix
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Document

Exhibit 99.2

cover4q.jpg

> SUPPLEMENTAL DISCLOSURE
Three Months Ended December 31, 2023
TABLE OF CONTENTS
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Page
Glossary of Terms 1
Results Overview & Guidance 3
Financial Summary
Consolidated Balance Sheets 5
Consolidated Statements of Operations 6
EBITDA 7
Funds From Operations (FFO) 8
Supplemental Balance Sheet Detail 9
NOI & Supplemental Statement of Operations Detail 10
Same Property NOI Analysis 11
Capital Expenditures 12
Capitalization, Liquidity & Debt Ratios 13
Debt Obligations 14
Covenant Disclosure 15
Investment Summary
Acquisitions 17
Dispositions 18
Anchor Space Repositioning Summary 19
Outparcel Development Summary 21
Redevelopment Summary 22
Future Redevelopment Opportunities 24
Portfolio Summary
Portfolio Overview 27
Portfolio Composition 28
Top Forty Retailers Ranked by ABR 29
New & Renewal Lease Summary 30
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced 31
Lease Expiration Schedule 32
Major CBSA Detail 33
Properties by State 36
Property List 37
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and Youtube at https://www.youtube.com/user/Brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 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 December 31, 2023
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
--- --- --- ---
Term Definition
Adjusted SOFR Secured Overnight Financing Rate, plus 0.10%.
Anchor Spaces Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR") Contractual monthly base rent as of a specified date, under leases that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included and all signed leases on space that will be vacated by existing tenants in the near term are excluded.
ABR PSF ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.<br>References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to each of these measures is provided on page 7.<br><br>EBITDA is calculated as the sum of net income (loss), calculated in accordance with GAAP, excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Essential Tenants Businesses deemed necessary for day-to-day living, such as grocery, pharmacy, and general merchandise (discount) businesses.
Generally Accepted Accounting Principals ("GAAP") GAAP refers to a common set of United States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA") Represents the total amount of leasable property square footage.
Leased GLA Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date, excluding all signed leases on space that will be vacated by existing tenants in the near term.
Local Tenants Single-state operators with fewer than 20 locations.
Major Tenants Any grocer and all national / regional anchor tenants.
Nareit National Association of Real Estate Investment Trusts.
Nareit Funds From Operations (“FFO") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Nareit FFO is provided on page 8.<br><br>Nareit defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Before Tenant Specific Landlord Work Average ABR PSF over the lease term adjusted for tenant improvements and allowances (excluding base building costs) and third-party leasing commissions. For purposes of calculating net effective rent before tenant specific landlord work, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI") A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.<br><br>A reconciliation of net income to NOI is provided on page 10.<br><br>Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
New Development Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield Calculated as the projected incremental NOI as a percentage of the estimated incremental third-party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s) Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed Billed GLA as a percentage of total GLA.
Percent Leased Leased GLA as a percentage of total GLA. Supplemental Disclosure - Three Months Ended December 31, 2023 Page 1
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GLOSSARY OF TERMS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Term Definition
PSF Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread Combined spreads for new, renewal, and option leases.
Same Property NOI A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income to Same Property NOI is provided on page 11.<br><br>Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months<br>Ended 12/31/23 Twelve Months<br>Ended 12/31/23
Total properties in Brixmor Property Group portfolio 362 362
Acquired properties excluded from Same Property NOI (1) (8)
Additional exclusions (1) (4) (9)
Same Property NOI pool (2) 357 345
(1) Additional exclusions for the three months ended December 31, 2023 and 2022 include four properties that were subject to partial dispositions in 2023 and 2022. Additional exclusions for the twelve months ended December 31, 2023 and 2022 include nine 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. One outparcel acquired in 2023 is excluded from the Same Property NOI pool for the three months ended December 31, 2023, and 2022. Two outparcels acquired in 2022 and one outparcel acquired in 2023 are excluded from the Same Property NOI pool for the twelve months ended December 31, 2023, and 2022.
Small Shop Spaces Spaces less than 10,000 SF of GLA.
Secured Overnight Financing Rate ("SOFR") SOFR is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the London Interbank Offered Rate ("LIBOR").
Straight-line Rent Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted<br><br>• EBITDA & Cash Adjusted EBITDA Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are useful to investors in measuring its operating performance because they exclude items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, and Cash Adjusted EBITDA are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, income or expense associated with the Company's captive insurance company, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods. Supplemental Disclosure - Three Months Ended December 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 Twelve Months Ended
Summary Financial Results 12/31/23 12/31/22 12/31/23 12/31/22
Total revenues (page 6) 316,485 308,569 1,245,036 1,218,074
Net income (page 6) 72,697 107,155 305,087 354,193
Net income per diluted share (page 6) 0.24 0.35 1.01 1.17
NOI (page 10) 223,233 219,362 887,742 870,961
EBITDA (page 7) 210,039 246,884 860,710 894,020
EBITDAre (page 7) 203,637 197,115 813,107 788,181
Adjusted EBITDA (page 7) 203,695 197,108 809,007 790,018
Cash Adjusted EBITDA (page 7) 193,962 189,454 776,325 757,927
Nareit FFO (page 8) 154,669 146,956 615,572 588,915
Nareit FFO per diluted share (page 8) 0.51 0.49 2.04 1.95
Items that impact FFO comparability, net per share (page 8) (0.00) 0.00 0.01 (0.01)
Dividends declared per share (page 8) 0.2725 0.2600 1.0525 0.9800
Dividend payout ratio (as % of Nareit FFO) (page 8) 53.0 53.1 51.4 49.9
Three Months Ended
Summary Operating and Financial Ratios 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22
NOI margin (page 10) 72.9 74.2 73.5 73.4 73.0
Same property NOI performance (page 11) (1) 3.1 4.8 2.7 4.9 7.3
Fixed charge coverage, current quarter annualized (page 13) 4.3x 4.3x 4.3x 4.2x 4.1x
Fixed charge coverage, trailing twelve months (page 13) 4.2x 4.2x 4.1x 4.1x 4.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 13) (2) 6.0x 6.1x 6.1x 6.1x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 13) (2) 6.1x 6.1x 6.1x 6.2x 6.4x
Outstanding Classes of Stock As of 12/31/23 As of 9/30/23 As of 6/30/23 As of 3/31/23 As of 12/31/22
Common shares outstanding (page 13) 300,596 300,596 300,593 300,548 299,916
Three Months Ended
Summary Acquisitions and Dispositions 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22
Aggregate purchase price of acquisitions (page 17) 400 — 1,803 — —
Aggregate sale price of dispositions (page 18) 21,576 16,975 26,771 124,550 112,800
NOI adjustment for acquisitions and dispositions, net (3) (129)
Summary Portfolio Statistics (4) As of 12/31/23 As of 9/30/23 As of 6/30/23 As of 3/31/23 As of 12/31/22
Number of properties (page 27) 362 364 365 367 373
Percent billed (page 27) 90.6 90.0 90.4 90.0 90.2
Percent leased (page 27) 94.7 93.9 94.1 94.0 93.8
ABR PSF (page 27) 16.88 16.77 16.60 16.46 16.19
New lease rent spread (page 30) 37.4 52.7 22.4 43.4 43.8
New & renewal lease rent spread (page 30) 19.6 22.3 15.4 19.2 18.3
Total - new, renewal & option lease rent spread (page 30) 15.6 17.5 12.9 14.9 14.8
Total - new, renewal & option GLA (page 30) 2,679,220 2,733,476 2,302,495 2,453,972 2,589,069
2024 Guidance Current
Nareit FFO per diluted share 2.06 - 2.10
Same property NOI performance 2.50% - 3.50%
(1) Reflects same property NOI as reported for the specified period.
(2) Net principal debt is as of the end of each specified period.
(3) Represents an estimate of the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 3
> FINANCIAL SUMMARY
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Supplemental Disclosure
Three Months Ended December 31, 2023
CONSOLIDATED BALANCE SHEETS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except share information
As of As of
12/31/23 12/31/22
Assets
Real estate
$ 1,794,011 $ 1,820,358
8,570,874 8,405,969
126,007 129,310
504,995 542,714
10,995,887 10,898,351
(3,198,980) (2,996,759)
Real estate, net 7,796,907 7,901,592
Cash and cash equivalents 866 16,492
Restricted cash 18,038 4,767
Marketable securities 19,914 21,669
Receivables, net 278,775 264,146
Deferred charges and prepaid expenses, net 164,061 154,141
Real estate assets held for sale — 10,439
Other assets 54,155 62,684
Total assets $ 8,332,716 $ 8,435,930
Liabilities
Debt obligations, net $ 4,933,525 $ 5,035,501
Accounts payable, accrued expenses and other liabilities 548,890 535,419
Total liabilities 5,482,415 5,570,920
Equity
Common stock, 0.01 par value; authorized 3,000,000,000 shares;
3,006 2,999
Additional paid-in capital 3,310,590 3,299,496
Accumulated other comprehensive income (loss) (2,700) 8,851
Distributions in excess of net income (460,595) (446,336)
Total equity 2,850,301 2,865,010
Total liabilities and equity $ 8,332,716 $ 8,435,930

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
Revenues
Rental income $ 316,404 $ 308,459 $ 1,243,844 $ 1,217,362
Other revenues 81 110 1,192 712
Total revenues 316,485 308,569 1,245,036 1,218,074
Operating expenses
Operating costs 39,815 38,816 146,473 141,408
Real estate taxes 42,961 42,260 173,517 170,383
Depreciation and amortization 89,470 90,599 362,277 344,731
Impairment of real estate assets — 1,127 17,836 5,724
General and administrative 30,260 30,429 117,128 117,225
Total operating expenses 202,506 203,231 817,231 779,471
Other income (expense)
Dividends and interest 321 116 666 314
Interest expense (47,204) (48,493) (190,733) (192,427)
Gain on sale of real estate assets 6,402 50,896 65,439 111,563
Gain (loss) on extinguishment of debt, net — — 4,356 (221)
Other (801) (702) (2,446) (3,639)
Total other income (expense) (41,282) 1,817 (122,718) (84,410)
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Net income per common share:
Basic $ 0.24 $ 0.36 $ 1.01 $ 1.18
Diluted $ 0.24 $ 0.35 $ 1.01 $ 1.17
Weighted average shares:
Basic 301,022 300,474 300,977 299,938
Diluted 302,430 302,258 302,376 301,742
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 6
--- ---
EBITDA ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Interest expense 47,204 48,493 190,733 192,427
Federal and state taxes 668 637 2,613 2,669
Depreciation and amortization 89,470 90,599 362,277 344,731
EBITDA 210,039 246,884 860,710 894,020
Gain on sale of real estate assets (6,402) (50,896) (65,439) (111,563)
Impairment of real estate assets — 1,127 17,836 5,724
EBITDAre $ 203,637 $ 197,115 $ 813,107 $ 788,181
EBITDAre $ 203,637 $ 197,115 $ 813,107 $ 788,181
Transaction expenses, net 58 (9) 256 1,122
Litigation and other non-routine legal expenses — 2 — 494
(Gain) loss on extinguishment of debt, net — — (4,356) 221
Total adjustments 58 (7) (4,100) 1,837
Adjusted EBITDA $ 203,695 $ 197,108 $ 809,007 $ 790,018
Adjusted EBITDA $ 203,695 $ 197,108 $ 809,007 $ 790,018
Straight-line rental income, net (1) (6,988) (5,575) (23,498) (23,458)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,739) (2,072) (9,153) (8,793)
Straight-line ground rent expense, net (2) (6) (7) (31) 160
Total adjustments (9,733) (7,654) (32,682) (32,091)
Cash Adjusted EBITDA $ 193,962 $ 189,454 $ 776,325 $ 757,927
(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 December 31, 2023 Page 7
--- ---
FUNDS FROM OPERATIONS (FFO) ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
$ 72,697 $ 107,155 $ 305,087 $ 354,193
Depreciation and amortization related to real estate 88,374 89,570 358,088 340,561
Gain on sale of real estate assets (6,402) (50,896) (65,439) (111,563)
Impairment of real estate assets — 1,127 17,836 5,724
$ 154,669 $ 146,956 $ 615,572 $ 588,915
$ 0.51 $ 0.49 $ 2.04 $ 1.95
302,430 302,258 302,376 301,742
Transaction expenses, net $ (58) $ 9 $ (256) $ (1,122)
Litigation and other non-routine legal expenses — (2) — (494)
Gain (loss) on extinguishment of debt, net — — 4,356 (221)
$ (58) $ 7 $ 4,100 $ (1,837)
$ (0.00) $ 0.00 $ 0.01 $ (0.01)
Straight-line rental income, net (1) $ 6,988 $ 5,575 $ 23,498 $ 23,458
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,739 2,072 9,153 8,793
Straight-line ground rent expense, net (2) 6 7 31 (160)
$ 0.2725 $ 0.260 $ 1.0525 $ 0.980
$ 81,913 $ 77,978 $ 316,364 $ 293,755
53.0 % 53.1 % 51.4 % 49.9 %
(1) Includes straight-line rental income reversals and re-establishments of 0.6 million and (1.0 million) during the three months ended December 31, 2023 and 2022, respectively. Includes straight-line rental income reversals and re-establishments of (0.4 million) and (1.2 million) during the twelve months ended December 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 December 31, 2023 Page 8
SUPPLEMENTAL BALANCE SHEET DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
As of As of
12/31/23 12/31/22
Receivables, net
Straight-line rent receivable, net $ 180,810 $ 159,823
Tenant receivables, net 90,161 97,825
Other 7,804 6,498
Total receivables, net $ 278,775 $ 264,146
Deferred charges and prepaid expenses, net
Deferred charges, net $ 141,816 $ 132,283
Prepaid expenses, net 22,245 21,858
Total deferred charges and prepaid expenses, net $ 164,061 $ 154,141
Other assets
Right-of-use asset $ 32,350 $ 35,754
Furniture, fixtures and leasehold improvements, net 14,120 13,800
Interest rate swaps 4,364 9,640
Other 3,321 3,490
Total other assets $ 54,155 $ 62,684
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 289,215 $ 269,286
Below market leases, net 82,583 96,837
Dividends payable 85,692 81,633
Lease liability 36,105 39,923
Interest rate swaps 6,877 —
Other 48,418 47,740
Total accounts payable, accrued expenses and other liabilities $ 548,890 $ 535,419
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 9
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NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
Net Operating Income Detail
Base rent $ 223,573 $ 221,469 $ 891,953 $ 872,365
Expense reimbursements 75,679 72,552 287,083 272,534
Revenues deemed uncollectible (1,824) (2,121) (5,415) 3,837
Ancillary and other rental income / Other revenues 6,560 6,661 24,821 24,835
Percentage rents 2,027 1,884 9,321 9,021
Operating costs (39,821) (38,823) (146,504) (141,248)
Real estate taxes (42,961) (42,260) (173,517) (170,383)
Net operating income $ 223,233 $ 219,362 $ 887,742 $ 870,961
Operating Ratios
NOI margin (NOI / revenues) 72.9 % 73.0 % 73.5 % 73.6 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 91.4 % 89.5 % 89.7 % 87.5 %
Reconciliation of Net Income to Net Operating Income
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Lease termination fees (743) (477) (4,622) (3,231)
Straight-line rental income, net (1) (6,988) (5,575) (23,498) (23,458)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,739) (2,072) (9,153) (8,793)
Straight-line ground rent expense, net (2) (6) (7) (31) 160
Depreciation and amortization 89,470 90,599 362,277 344,731
Impairment of real estate assets — 1,127 17,836 5,724
General and administrative 30,260 30,429 117,128 117,225
Total other (income) expense 41,282 (1,817) 122,718 84,410
Net operating income $ 223,233 $ 219,362 $ 887,742 $ 870,961
Supplemental Statement of Operations Detail
Rental income
Base rent $ 223,573 $ 221,469 $ 891,953 $ 872,365
Expense reimbursements 75,679 72,552 287,083 272,534
Revenues deemed uncollectible (1,824) (2,121) (5,415) 3,837
Lease termination fees 743 477 4,622 3,231
Straight-line rental income, net (1) 6,988 5,575 23,498 23,458
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 2,739 2,072 9,153 8,793
Ancillary and other rental income 6,479 6,551 23,629 24,123
Percentage rents 2,027 1,884 9,321 9,021
Total rental income $ 316,404 $ 308,459 $ 1,243,844 $ 1,217,362
Other revenues $ 81 $ 110 $ 1,192 $ 712
Interest expense
Note interest $ 40,832 $ 42,655 $ 165,656 $ 170,870
Unsecured credit facility and term loan interest 6,581 5,669 25,308 20,489
Capitalized interest (1,160) (866) (4,147) (3,081)
Deferred financing cost amortization 1,697 1,751 6,860 7,012
Debt premium and discount accretion, net (746) (716) (2,944) (2,863)
Total interest expense $ 47,204 $ 48,493 $ 190,733 $ 192,427
Other
Federal and state taxes $ 668 $ 637 $ 2,613 $ 2,669
Other 133 65 (167) 970
Total other $ 801 $ 702 $ 2,446 $ 3,639
Additional General and Administrative Disclosures
Capitalized construction compensation costs $ 4,817 $ 4,626 $ 18,455 $ 17,528
Capitalized leasing legal costs (3) 1,264 970 4,550 4,095
Capitalized leasing commission costs 2,044 1,901 7,899 7,886
Equity compensation expense, net 6,218 6,993 20,777 23,407
(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 December 31, 2023 Page 10
--- ---
SAME PROPERTY NOI ANALYSIS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 Change 12/31/23 12/31/22 Change
Same Property NOI Analysis
Number of properties 357 357 — 345 345 —
Percent billed 90.6 % 90.2 % 0.4 % 90.6 % 90.4 % 0.2 %
Percent leased 94.7 % 93.9 % 0.8 % 94.7 % 94.1 % 0.6 %
Revenues
Base rent $ 221,287 $ 215,399 $ 847,190 $ 811,943
Expense reimbursements 74,683 70,079 266,957 251,991
Revenues deemed uncollectible (1,895) (1,908) (5,095) 4,484
Ancillary and other rental income / Other revenues 6,498 6,502 23,408 23,476
Percentage rents 2,012 1,829 9,187 8,832
302,585 291,901 3.7 % 1,141,647 1,100,726 3.7 %
Operating expenses
Operating costs (40,012) (37,351) (137,863) (130,292)
Real estate taxes (42,267) (40,816) (157,636) (157,024)
(82,279) (78,167) 5.3 % (295,499) (287,316) 2.8 %
Same property NOI $ 220,306 $ 213,734 3.1 % $ 846,148 $ 813,410 4.0 %
NOI margin 72.8 % 73.2 % 74.1 % 73.9 %
Expense recovery ratio 90.8 % 89.7 % 90.3 % 87.7 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 5,888 2.8 % $ 35,247 4.3 %
Revenues deemed uncollectible 13 0.0 % (9,579) (1.1) %
Net expense reimbursements 492 0.2 % 6,783 0.8 %
Ancillary and other rental income / Other revenues (4) (0.0) % (68) (0.0) %
Percentage rents 183 0.1 % 355 0.0 %
3.1 % 4.0 %
Reconciliation of Net Income to Same Property NOI
Net income $ 72,697 $ 107,155 $ 305,087 $ 354,193
Adjustments:
Non-same property NOI (2,927) (5,628) (41,594) (57,551)
Lease termination fees (743) (477) (4,622) (3,231)
Straight-line rental income, net (6,988) (5,575) (23,498) (23,458)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (2,739) (2,072) (9,153) (8,793)
Straight-line ground rent expense, net (6) (7) (31) 160
Depreciation and amortization 89,470 90,599 362,277 344,731
Impairment of real estate assets — 1,127 17,836 5,724
General and administrative 30,260 30,429 117,128 117,225
Total other (income) expense 41,282 (1,817) 122,718 84,410
Same property NOI $ 220,306 $ 213,734 $ 846,148 $ 813,410
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 11
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CAPITAL EXPENDITURES ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Three Months Ended Twelve Months Ended
12/31/23 12/31/22 12/31/23 12/31/22
Leasing related:
Tenant improvements and tenant inducements $ 23,106 $ 20,493 $ 86,385 $ 74,640
External leasing commissions 5,310 3,999 15,579 14,002
28,416 24,492 101,964 88,642
Maintenance capital expenditures 17,538 23,665 58,792 72,076
Total leasing related and maintenance capital expenditures $ 45,954 $ 48,157 $ 160,756 $ 160,718
Value-enhancing:
Anchor space repositionings $ 13,348 $ 4,741 $ 44,726 $ 30,183
Outparcel developments 1,841 3,311 7,294 11,122
Redevelopments 21,879 33,395 112,376 106,470
New development — 16 — 357
Other (1) 7,166 6,247 23,943 26,087
Total value-enhancing capital expenditures $ 44,234 $ 47,710 $ 188,339 $ 174,219
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar array installations.
Supplemental Disclosure - Three Months Ended December 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
12/31/23 12/31/22
Common shares outstanding 300,596 299,916
Common share price $ 23.27 $ 22.67
$ 6,994,869 $ 6,799,096
Revolving credit facility $ 18,500 $ 125,000
Term loan facility 500,000 300,000
Unsecured notes 4,418,805 4,618,453
4,937,305 5,043,453
20,974 23,787
(24,754) (31,739)
4,933,525 5,035,501
(18,904) (21,259)
$ 4,914,621 $ 5,014,242
$ 11,909,490 $ 11,813,338
Cash and cash equivalents and restricted cash $ 18,904 $ 21,259
Available under Revolving Credit Facility (1) 1,230,074 1,124,475
Available under Term Loan Facility (2) — 200,000
$ 1,248,978 $ 1,345,734
Principal debt to total market capitalization 41.5 % 42.7 %
Principal debt to total assets, before depreciation 42.8 % 44.1 %
Unencumbered assets to unsecured debt 2.3x 2.3x
Net principal debt to Adjusted EBITDA, current quarter annualized (3) 6.0x 6.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (3) 6.1x 6.4x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.3x 4.1x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.2x 4.1x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.3x 4.1x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments)) 4.2x 4.1x
As of As of
12/31/23 12/31/22
Percentage of total debt: (4)
Fixed 99.6 % 97.5 %
Variable 0.4 % 2.5 %
Unencumbered summary:
Percent of properties, ABR and NOI 100.0 % 100.0 %
Weighted average maturity (years):
Fixed 4.1 5.0
Variable 2.5 3.5
Total 4.1 4.9
Fitch Ratings BBB Stable
Moody's Investors Service Baa3 Stable
S&P Global Ratings BBB Stable
(1) Funds available under the Revolving Credit Facility are reduced by outstanding letters of credit totaling 1.4 million.
(2) Funds available under the Term Loan Facility as of December 31, 2022 represent a 200.0 million delayed draw term loan, which was drawn on April 24, 2023.
(3) Net principal debt is as of the end of each specified period.
(4) Includes the impact of the Company's interest rate swap agreements.
(5) As of February 12, 2024.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 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)
2024 $ 300,352 3.65 %
2025 700,000 3.85 %
2026 626,042 4.23 %
2027 900,000 3.94 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 800,000 4.05 %
2031 500,000 2.50 %
Total Debt Obligations $ 4,937,305 3.73 %
Net unamortized premium 20,974
Deferred financing costs (24,754)
Debt Obligations, Net $ 4,933,525
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 + 95 basis points) (2)(3) $ 500,000 3.98 % 7/26/27 10.13 %
Unsecured Notes
3.65% 2024 Brixmor OP Notes 300,352 3.65 % 6/15/24 6.08 %
3.85% 2025 Brixmor OP Notes 700,000 3.85 % 2/1/25 14.18 %
4.13% 2026 Brixmor OP Notes 600,000 4.13 % 6/15/26 12.15 %
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 8.10 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.05 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.11 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 7.09 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 15.19 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.07 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 16.20 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 10.13 %
Total Fixed Rate Unsecured Notes 4,418,805 3.70 % 89.50 %
Total Fixed Rate Debt $ 4,918,805 3.72 % 99.63 %
Revolving Credit Facility (Adjusted SOFR + 85 basis points) $ 18,500 6.33 % 6/30/26 0.37 %
Total Variable Rate Debt $ 18,500 6.33 % 0.37 %
Total Debt Obligations $ 4,937,305 3.73 % 100.00 %
Net unamortized premium 20,974
Deferred financing costs (24,754)
Debt Obligations, Net $ 4,933,525
(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, currently 95 basis points) through July 26, 2024. Effective July 26, 2024, 300.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 4.08% (plus a spread, currently 95 basis points, and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.
(3) Effective May 1, 2023, 200.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread, currently 95 basis points, and SOFR adjustment of 10 basis points) through the maturity of the loan on July 26, 2027.
In December 2023, the Company entered into three forward-starting interest rate swap agreements with an aggregate notional amount of 150.0 million and a fixed, combined rate of 3.44%, subject to a variable spread adjustment upon debt issuance, to hedge against changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of long-term debt.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 14
COVENANT DISCLOSURE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- ---
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 12/31/23
I. Aggregate debt test < 65% 44.0 %
Total Debt 4,933,525
Total Assets 11,220,572
II. Secured debt test (1) < 40% N/A
Total Secured Debt (1) —
Total Assets 11,220,572
III. Unencumbered asset ratio > 150% 227.4 %
Total Unencumbered Assets 11,220,572
Unsecured Debt 4,933,525
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (2) > 1.5x 4.3x 4.3x
Consolidated EBITDA 809,007 810,062
Annual Debt Service Charge 186,624 186,272
(1) The Company had no secured debt as of December 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 12/31/23
I. Leverage ratio < 60% 35.5 %
Total Outstanding Indebtedness 4,937,305
Balance Sheet Cash (1) 29,577
Total Asset Value 13,806,682
II. Secured leverage ratio (2) < 40% N/A
Total Secured Indebtedness (2) —
Balance Sheet Cash (1) 29,577
Total Asset Value 13,806,682
III. Unsecured leverage ratio < 60% 35.7 %
Total Unsecured Indebtedness 4,937,305
Unrestricted Cash (3) 11,539
Unencumbered Asset Value 13,806,682
IV. Fixed charge coverage ratio > 1.5x 4.7x
Total Net Operating Income 896,884
Capital Expenditure Reserve 9,669
Fixed Charges 186,894
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) The Company had no secured indebtedness as of December 31, 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 December 31, 2023 Page 15
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> INVESTMENT SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended December 31, 2023
ACQUISITIONS ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except ABR PSF
Property Name CBSA Purchase Date Purchase Price GLA / <br>Acres (1) Percent Leased (1) ABR<br>PSF (1)(2) Major Tenants (1)(3)
There were no acquisitions completed during the three months ended March 31, 2023.
Three Months Ended June 30, 2023
Land at Aurora Plaza (4) Denver-Aurora-Lakewood, CO 4/24/23 $ 1,803 16.1 Acres — % N/A -
$ 1,803 16.1 Acres
There were no acquisitions completed during the three months ended September 30, 2023.
Three Months Ended December 31, 2023
Land at Paradise Pavilion Milwaukee-Waukesha, WI 11/29/23 $ 400 0.4 Acres — % N/A -
$ 400 0.4 Acres
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2023 $ 2,203 16.5 Acres
(1) Data presented is as of the quarter end subsequent to the acquisition date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants. Major tenants exclude non-owned major tenants.
(4) Brixmor terminated a ground lease and acquired the associated land parcel.
Supplemental Disclosure - Three Months Ended December 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)
Park Hills Plaza - Mattress Firm (4) Altoona, PA 1/20/23 1,800 5,897 100.0 % 22.00 -
Augusta West Plaza Augusta-Richmond County, GA-SC 2/8/23 15,000 170,681 99.2 % 8.49 At Home, Citi Trends, Dollar Tree, Octapharma
Groton Square Norwich-New London, CT 2/24/23 31,250 196,802 96.2 % 13.05 Super Stop & Shop (Ahold Delhaize), Kohl's
Kinston Pointe Kinston, NC 3/14/23 13,900 250,580 100.0 % 4.64 Walmart Supercenter, Citi Trends, Dollar Tree
Bethel Park Shopping Center Pittsburgh, PA 3/20/23 31,000 202,349 98.3 % 12.02 Giant Eagle, Pep Boys, Walmart
Marketplace Tulsa, OK 3/22/23 20,200 193,276 100.0 % 10.77 Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, JOANN, Northern Tool + Equipment, Party City, PetSmart
Briggsmore Plaza - Taco Bell (4) Modesto, CA 3/30/23 2,300 3,000 100.0 % 32.40 -
$ 124,550 1,091,346
Three Months Ended June 30, 2023
Park Hills Plaza - Panda Express (4) Altoona, PA 4/26/23 $ 1,980 2,200 100.0 % N/A -
Park Hills Plaza - Red Robin (4) Altoona, PA 5/19/23 2,000 4,402 100.0 % 29.99 -
Arbor - Broadway Faire - former United Artist Theatre (4) Fresno, CA 6/15/23 3,600 39,983 — % N/A -
The Manchester Collection - Crossroads II (4) Hartford-East Hartford-Middletown, CT 6/15/23 2,375 14,867 100.0 % 12.58 -
Spring Mall Milwaukee-Waukesha, WI 6/20/23 3,700 45,920 31.3 % 10.01 -
Tuckernuck Square - Starbucks (4) Richmond, VA 6/22/23 2,116 2,210 100.0 % 53.85 -
Elk Grove Town Center Chicago-Naperville-Elgin, IL-IN-WI 6/29/23 11,000 47,704 100.0 % 22.22 Dollar Tree
$ 26,771 157,286
Three Months Ended September 30, 2023
Tuckernuck Square Richmond, VA 7/25/23 $ 14,525 86,010 93.0 % $ 16.74 2nd & Charles, Chuck E. Cheese's
Park Hills Plaza - Denny's (4) Altoona, PA 8/17/23 2,450 5,290 100.0 % 29.30 -
$ 16,975 91,300
Three Months Ended December 31, 2023
Crossroads Charlotte-Concord-Gastonia, NC-SC 12/22/23 $ 2,785 11,114 100.0 % N/A Olive Garden
Rollins Crossing (4) Chicago-Naperville-Elgin, IL-IN-WI 12/28/23 2,215 72,621 100.0 % N/A -
Haymarket Square Des Moines-West Des Moines, IA 12/29/23 16,576 269,705 73.9 % 8.34 Big Lots, Dollar Tree, Genesis Health Club, Northern Tool + Equipment, Office Depot
$ 21,576 353,440
TOTAL - TWELVE MONTHS ENDED DECEMBER 31, 2023 $ 189,872 1,693,372
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants. Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold. Supplemental Disclosure - Three Months Ended December 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 December 31, 2023
1 Rivercrest Shopping Center Chicago-Naperville-Elgin, IL-IN-WI Remerchandise former Best Buy with a 55K SF Tony's Fresh Market
In Process Projects
2 Springdale Mobile, AL Remerchandise former Michaels with a 10K SF Five Below and additional retailers
3 Cudahy Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Big Lots with a 26K SF Sprouts Farmers Market
4 Gateway Plaza Los Angeles-Long Beach-Anaheim, CA Remerchandise former Party City with an 11K SF Five Below and additional retailers
5 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
6 Arapahoe Crossings Denver-Aurora-Lakewood, CO Remerchandise former Stein Mart with a 17K SF Ace Hardware and additional retailers
7 Center of Bonita Springs Cape Coral-Fort Myers, FL Remerchandise former Old Time Pottery with a 42K SF Kohl's and a 29K SF Burlington Stores
8 Granada Shoppes Naples-Marco Island, FL Remerchandise former Orchard Supply Hardware with a 29K SF HomeSense and a 9K SF Five Below
9 Coastal Way - Coastal Landing - Project I Tampa-St. Petersburg-Clearwater, FL Terminate existing Bed Bath & Beyond and remerchandise with a 28K SF Sprouts Farmers Market
10 Coastal Way - Coastal Landing - Project II Tampa-St. Petersburg-Clearwater, FL Demolish former Sears to accommodate construction of a 104K SF BJ's Wholesale Club
11 Speedway Super Center Indianapolis-Carmel-Anderson, IN Combine adjacent small shop spaces for an 11K SF pOpshelf
12 Arborland Center Ann Arbor, MI Remerchandise former Bed Bath & Beyond with a 22K SF Marshalls, a 20K SF HomeGoods and additional retailers
13 Hampton Village Centre Detroit-Warren-Dearborn, MI Combine several small shop spaces for a 15K SF Barnes & Noble
14 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
15 Bedford Grove Manchester-Nashua, NH Remerchandise former Bed Bath & Beyond with a 29K SF Planet Fitness and additional retailers
16 Parkway Plaza Binghamton, NY Remerchandise former PriceRite with a 22K SF Ross Dress for Less and a 15K SF Boot Barn
17 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise anchor space with a 44K SF Whole Foods Market and an 11K SF Barnes & Noble
18 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Combine several small shop spaces for a 19K SF Planet Fitness
19 Northshore Houston-The Woodlands-Sugar Land, TX Combine adjacent small shop spaces for a 12K SF specialty medical use
20 Windvale Center Houston-The Woodlands-Sugar Land, TX Remerchandise former Randall's and adjacent spaces with a 64K SF Tesla showroom and service center
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 20 $ 94,900 $ 33,300 7% - 14% Supplemental Disclosure - Three Months Ended December 31, 2023 Page 19
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ANCHOR SPACE REPOSITIONING SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Property Name CBSA Description
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended December 31, 2023
1 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
2 Westridge Court - Project II Chicago-Naperville-Elgin, IL-IN-WI Reconfigure and remerchandise former Savers with a 26K SF The Fresh Market
3 Rio Grande Plaza Ocean City, NJ Remerchandise former Peebles with a 20K SF Burlington Stores and a 10K SF Skechers
4 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)
5 Collegetown Shopping Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Remerchandise former Staples with an 11K SF Ulta and a 10K SF Five Below
Projects Stabilized During the Nine Months Ended September 30, 2023
6 Stratford Square Bridgeport-Stamford-Norwalk, CT Combine former Mattress Firm and Payless for a 10K SF Five Below
7 Downtown Publix Port St. Lucie, FL Expansion of existing Revive Health & Wellness to 14K SF
8 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
9 Columbus Center Columbus, IN Remerchandise former Big Lots with a 21K SF Burlington Stores and a 4K SF Bath & Body Works
10 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.
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 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
13 Brentwood Plaza Cincinnati, OH-KY-IN Combine several small shop spaces for a 15K SF Ace Hardware
Number of Projects Net Project <br>Costs (1) NOI Yield (1)
Total Stabilized 13 $ 31,050 12 %
(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, 2023. Supplemental Disclosure - Three Months Ended December 31, 2023 Page 20
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OUTPARCEL DEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Stabilization Net Estimated Gross Costs Expected
Property Name CBSA Project Description Quarter Costs (1) to Date NOI Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended December 31, 2023
Panama City Square Panama City, FL Construction of a 6K SF LongHorn Steakhouse Mar-25 $ 1,850 $ 400 8 %
In Process Projects
Upland Town Square Riverside-San Bernardino-Ontario, CA Construction of a 1K SF Dutch Bros. Coffee Jun-24 550 550 8 %
Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Construction of a 2K SF Chipotle Sep-24 1,700 150 10 %
Eastlake Plaza - Project II Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Scooter's Coffee Sep-24 100 50 47 %
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-24 4,900 4,650 9 %
McMullen Creek Market Charlotte-Concord-Gastonia, NC-SC Construction of a 4K SF Aspen Dental Sep-24 1,750 250 10 %
Brunswick Town Center Cleveland-Elyria, OH Constuction of an 8K SF multi-tenant outparcel, including a 4K SF First Watch and a 4K SF Mission BBQ Sep-24 3,500 2,250 10 %
Bedford Grove Manchester-Nashua, NH Construction of a 7K SF Evviva Trattoria endcap Dec-24 750 150 14 %
Mansell Crossing Atlanta-Sandy Springs-Alpharetta, GA Construction of an 11K SF Cooper’s Hawk Winery & Restaurant Jun-25 4,700 550 10 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 19,800 $ 9,000 10 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,2) NOI Yield (1,2)
Projects Stabilized During the Three Months Ended December 31, 2023
Plaza By The Sea (3) Los Angeles-Long Beach-Anaheim, CA Construction of a 4K SF multi-tenant outparcel, including a 2K SF Handel's Homemade Ice Cream and a 2K SF Better Buzz Dec-23 $ 2,800 8 %
Eastlake Plaza - Project I Atlanta-Sandy Springs-Alpharetta, GA Construction of a 1K SF Tropical Smoothie Café Dec-23 700 14 %
Projects Stabilized During The Nine Months Ended September 30, 2023
Cobblestone Village Jacksonville, FL Construction of a 4K SF Whataburger Sep-23 1,750 7 %
Capitol Shopping Center Concord, NH Construction of a 6K SF 110 Grill; a multitenant building including a 2K SF Playa Bowls, a 2K SF T-Mobile, and a 2K SF Xfinity; and a 2K SF Starbucks drive-thru Sep-23 6,300 8 %
Delhi Shopping Center Cincinnati, OH-KY-IN Construction of a 1K SF Take 5 Oil Change Jun-23 50 127 %
Texas City Bay Houston-The Woodlands-Sugar Land, TX Construction of a 1K SF Take 5 Oil Change Jun-23 50 97 %
Plaza Rio Vista Riverside-San Bernardino-Ontario, CA Construction of a 4K SF Quick Quack Car Wash Mar-23 700 17 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 12,350 9 %
(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.
(3) Net project costs exclude 0.2 million of project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 21
REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
IN PROCESS REDEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended December 31, 2023
1 The Davis Collection Sacramento-Roseville-Folsom, CA Extensive redevelopment, reconfiguration, and rebranding of center including demolition of 92K SF to accommodate construction of a 25K SF Nordstrom Rack, a 17K SF PetSmart, a 10K SF Ulta, and approximately 20K SF of additional retail surrounding an outdoor community courtyard; construction of two multi-tenant outparcel buildings including a 4K SF Urban Plates, a 3K SF The Melt, a 2K SF Mendocino Farms, and additional retailers; and shopping center upgrades including construction of pedestrian plazas and walkways, new landscaping and signage, and parking enhancements 8 Sep-25 $ 45,950 $ 5,700 8 %
2 Tinley Park Plaza (2) Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of former Walt's and adjacent space with a 22K SF Ross Dress for Less, a 9K SF Five Below, and additional retailers; and shopping center upgrades including façade and roof renovations 22 Dec-25 11,000 700 12 %
In Process Projects
3 College Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Bob's Stores and adjacent retail space with a 21K SF Burlington Stores; remerchandise former Blink Fitness with a 10K SF Five Below and additional retailers; and shopping center upgrades including façade and sidewalk renovations 25 Jun-24 5,150 2,200 13 %
4 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 Jun-24 8,050 6,300 14 %
5 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 20,100 7 %
6 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 3,900 8 %
7 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 Dec-24 4,900 2,650 8 %
8 Vail Ranch Center Riverside-San Bernardino-Ontario, CA Redevelopment of former Stein Mart with a 25K SF Burlington Stores and an 11K SF Five Below; relocation and expansion of existing Kahoots to 10K SF; redevelopment of former Kahoots outparcel with a 3K SF Carbon Health, a 2K SF Dave's Hot Chicken, and additional retailers; remerchandise additional small shop space with relevant retailers including a 7K SF My Salon Suite and a 6K SF Bark Social; and shopping center upgrades including façade renovations, parking, and roof repairs 10 Dec-24 10,750 9,500 9 %
9 Pointe Orlando - Phase I Orlando-Kissimmee-Sanford, FL Remerchandise existing small shop retail with relevant retailers including a 29K SF Sports & Social, an 11K SF Hampton Social, a 7K SF Kavas Tacos & Tequila; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas 17 Dec-24 41,250 28,550 8 %
10 Roosevelt Mall Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and reconfiguration of center to accommodate addition of a 24K SF Sprouts Farmers Market and a 10K SF JD Sports; construction of several outparcels including a 3K SF Raising Cane's and a 2K SF Panda Express; and shopping center upgrades including façade and sidewalk renovations, new landscaping and signage, and common area enhancements 36 Dec-24 40,850 25,550 7 %
11 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 Supermarket; and shopping center upgrades including façade renovations 9 Dec-24 2,150 1,350 15 %
12 Middletown Plaza New York-Newark-Jersey City, NY-NJ-PA Redevelopment of former Walgreens, Party Fair, and additional junior anchor space with a 14K SF Trader Joe's and additional retailers; and shopping center upgrades including façade and sidewalk renovations, and new landscaping and signage 21 Mar-25 8,900 2,050 9 %
13 WaterTower Plaza Worcester, MA-CT Redevelopment of former Shaw's with a 46K SF grocer; reconfigure and remerchandise adjacent small shop space including an 11K SF Five Below and a 9K SF Ulta; and shopping center upgrades including the addition of patio areas, façade renovations, and parking enhancements 27 Jun-25 11,200 10,050 10 %
14 Westminster City Center Denver-Aurora-Lakewood, CO Relocation and expansion of existing Golf Galaxy to 43K SF in former Babies "R" Us location; backfill of former Golf Galaxy with a 16K SF Petco; redevelopment of former Gordmans with a 27K SF Sierra Trading Post and an additional retailer; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel 27 Dec-25 15,500 11,950 9 %
15 Preston Park Village Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a multi-tenant outparcel building; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Mar-26 34,600 17,800 7 %
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 22
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REDEVELOPMENT SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands
Net Gross Expected
Property Stabilization Estimated Costs NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
Wynnewood Village - Phase IV (4) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; construction of two multi-tenant outparcel buildings; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Mar-26 44,800 6,500 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 314,500 $ 154,850 8 %
Property Stabilization Net Project NOI
Property Name CBSA Project Description Acreage Quarter Costs (1,5) Yield (1,5)
Projects Stabilized During The Three Months Ended December 31, 2023
Village at Mira Mesa - Phase II (6) 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 7 %
Gateway Plaza - Vallejo 1 Vallejo, CA Redevelopment of former Hancock Fabrics with a 13K SF PetSmart; remerchandise small shop space; and shopping center upgrades including façade renovations 53 Dec-23 6,050 9 %
Shops at Palm Lakes 1 Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage, landscaping improvements, and new signage and lighting 27 Dec-23 30,150 9 %
Marco Town Center 1 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 10 %
The Village at Mableton 1 Atlanta-Sandy Springs-Alpharetta, GA Redevelopment of former Kmart with a 28K SF Burlington Stores, a 22K SF Ross Dress for Less, a 20K SF dd's Discounts, a 10K SF Five Below, and additional retailers; Construction of a 1K SF outparcel building with drive-thru; shopping center upgrades including façade renovations, landscaping, and signage enhancements 24 Dec-23 16,400 9 %
Laurel Square (7) 1 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 13,800 8 %
Hillcrest Market Place 1 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 8,150 8 %
Projects Stabilized During The Nine Months Ended September 30, 2023
Dickson City Crossings Scranton--Wilkes-Barre, PA Remerchandise former Dick's Sporting Goods and AC Moore with a 41K SF Burlington Stores, a 19K SF Sierra Trading Post, a 20K SF JOANN, and additional junior anchors; redevelopment of former Pier 1 outparcel into a multi-tenant building; and shopping center upgrades including partial façade renovations and addition of outdoor seating 29 Sep-23 8,400 10 %
Tyrone Gardens 1 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 $ 113,300 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude 2.5M 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.
(6) Net project costs exclude 1.2M of project specific credits (lease termination fees or other ancillary credits).
(7) Net project costs exclude 0.8M of project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 23
FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
2 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
3 Pointe Orlando Orlando-Kissimmee-Sanford, FL Redevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
4 Northeast Plaza Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
5 Westridge Court Chicago-Naperville-Elgin, IL-IN-WI Redevelopment of existing retail space to create potential entertainment / restaurant destination
6 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
7 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
8 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ-PA Densification of site, including multi-tenant outparcel development, potential multi-family component
9 Rockland Plaza New York-Newark-Jersey City, NY-NJ-PA Extensive redevelopment and repositioning of shopping center, multiple outparcel developments
10 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
11 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
12 Kessler Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center with multiple retailers, restaurants, and potential multi-family component
13 Market Plaza Dallas-Fort Worth-Arlington, TX Extensive redevelopment and repositioning of shopping center, remerchandise with potential multi family and/or medical office component
MINOR REDEVELOPMENTS
1 Brea Gateway Los Angeles-Long Beach-Anaheim, CA Reposition of former anchor which may include site densification with addition of outparcel pad development
2 Arvada Plaza (1) Denver-Aurora-Lakewood, CO Redevelopment and repositioning of shopping center
3 Coconut Creek Plaza (1) Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space, inline shop space and outparcel development
4 Sunrise Town Center Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment and repositioning of shopping center with new anchor prototype
5 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-Pompano Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
6 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
7 Tyrone Gardens (1) Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
8 Kings Market Atlanta-Sandy Springs-Alpharetta, GA Redevelopment and repositioning of shopping center
9 High Point Centre Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and repositioning of shopping center
10 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN-WI Redevelopment and reposition of rear portion of shopping center
11 London Marketplace London, KY Redevelopment and expansion of existing anchor space
12 Burlington Square I, II & III Boston-Cambridge-Newton, MA-NH Redevelopment of existing anchor space, inline shop space and façade renovation
13 Sun Ray Shopping Center Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center
14 Capitol Shopping Center Concord, NH Redevelopment of existing anchor space for multiple retailers
15 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
16 Harpers Station Cincinnati, OH-KY-IN Redevelopment of existing anchor space for multiple retailers
17 South Towne Centre Dayton-Kettering, OH Redevelopment of existing anchor space for multiple retailers
18 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
19 Barn Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
20 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
21 Valley Fair Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Reposition of former anchor and façade renovation
22 Festival Centre Charleston-North Charleston, SC Redevelopment of shopping center, potential mixed-use component
23 Circle Center Hilton Head Island-Bluffton, SC Redevelopment and repositioning of shopping center Supplemental Disclosure - Three Months Ended December 31, 2023 Page 24
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FUTURE REDEVELOPMENT OPPORTUNITIES ↩Table of<br><br>Contents
--- --- --- --- --- ---
Property Name CBSA Project Description
24 Arboretum Village Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
25 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
26 Webb Royal Plaza (1) Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
27 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
28 Baytown Shopping Center Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
29 Braesgate Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers
30 Clear Lake Camino South Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
31 Lake Pointe Village Houston-The Woodlands-Sugar Land, TX Reposition of existing vacant space and site densification
32 Maplewood Houston-The Woodlands-Sugar Land, TX Redevelopment of existing anchor space for multiple retailers, densification of site
33 Hanover Square Richmond, VA Densification of site, including multi-tenant outparcel development
(1) Indicates project added to the pipeline during the three months ended December 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, 2023.
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 25
--- ---
> PORTFOLIO SUMMARY
--- ---
Supplemental Disclosure
Three Months Ended December 31, 2023
PORTFOLIO OVERVIEW ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
As of:
12/31/23 9/30/23 6/30/23 3/31/23 12/31/22
Number of properties 362 364 365 367 373
GLA 64,460,825 64,827,439 64,897,615 65,004,693 65,990,997
Percent billed 90.6% 90.0% 90.4% 90.0% 90.2%
Percent leased 94.7% 93.9% 94.1% 94.0% 93.8%
TOTAL ≥ 10,000 SF 96.8% 95.7% 96.2% 96.1% 95.9%
TOTAL < 10,000 SF 90.3% 89.8% 89.4% 89.3% 89.2%
ABR $ 968,949 $ 958,128 $ 952,560 $ 944,756 $ 944,490
ABR PSF $ 16.88 $ 16.77 $ 16.60 $ 16.46 $ 16.19
PORTFOLIO BY UNIT SIZE AS OF 12/31/23
Number of<br><br>Units GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 401 22,733,414 35.2% 95.0% 97.8% $ 219,190 22.6% $ 11.21
20,000 - 34,999 SF 491 12,812,019 19.9% 90.7% 95.3% 147,803 15.3% 12.22
10,000 - 19,999 SF 607 8,290,068 12.9% 91.4% 96.5% 122,645 12.7% 15.75
5,000 - 9,999 SF 1,108 7,661,299 11.9% 85.9% 91.8% 143,111 14.8% 21.19
< 5,000 SF 6,056 12,964,025 20.1% 85.0% 89.4% 336,200 34.6% 30.00
TOTAL 8,663 64,460,825 100.0% 90.6% 94.7% $ 968,949 100.0% $ 16.88
TOTAL ≥ 10,000 SF 1,499 43,835,501 68.0% 93.1% 96.8% $ 489,638 50.6% $ 12.41
TOTAL < 10,000 SF 7,164 20,625,324 32.0% 85.3% 90.3% 479,311 49.4% 26.69
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 27
--- ---
PORTFOLIO COMPOSITION
---
Dollars in thousands
ESSENTIAL AND OTHER TENANTS
--- --- ---
Percent of Portfolio Leased GLA Percent of Portfolio ABR 
 ![chart-9f2b9f72d0294ec6820.jpg](chart-9f2b9f72d0294ec6820.jpg)     ![chart-b373d24b2a574b0f9c1.jpg](chart-b373d24b2a574b0f9c1.jpg)
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR

chart-eb7ad251f50e4fcf8b5.jpg chart-b6596d493a714887925.jpg

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

chart-4432c914693945fbab8.jpg chart-7e0054162b9f4a75b78.jpg

↩Table of<br><br>Contents
Merchandise Mix ABR Percent of ABR
--- --- --- --- ---
ESSENTIAL $ 305,580 33 %
Grocery / Pharmacy 142,720 15 %
General Merchandise (Discount / Dollar) 31,260 3 %
Pet 27,867 3 %
Medical (Essential) 26,784 3 %
Financial services 25,707 3 %
Home improvement 15,604 2 %
Mail / Shipping and Other services 15,101 2 %
Auto 10,535 1 %
Other Essential 10,002 1 %
OTHER $ 663,369 67 %
Restaurants 159,686 16 %
Other Personal Services 74,098 8 %
Off-Price Apparel 65,493 6 %
Fitness / Sports 59,184 6 %
Value Apparel, Shoes, Accessories 48,268 5 %
General Merchandise (Department, Gift, etc.) 42,573 4 %
Other Retail 40,412 4 %
Home Décor 39,902 4 %
Other Medical 29,980 3 %
Electronics & Appliance 25,451 3 %
Entertainment 20,599 2 %
Health & Beauty 19,639 2 %
Hobby & Crafts 17,022 2 %
Other Professional Services 11,939 1 %
Liquor 9,123 1 %
TOTAL $ 968,949 100 %
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 28
--- ---
TOP FORTY RETAILERS RANKED BY ABR ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA (1) Percent of GLA (1) ABR (1) Percent of ABR (1) ABR PSF (1)
1 The TJX Companies, Inc. (2) 90 2,624,402 4.1 % $ 33,239 3.4 % $ 12.67
2 The Kroger Co. (3) 44 2,994,662 4.6 % 22,712 2.3 % 7.58
3 Burlington Stores, Inc. 40 1,663,459 2.6 % 19,716 2.0 % 11.85
4 Dollar Tree Stores, Inc. (4) 119 1,364,427 2.1 % 16,423 1.7 % 12.04
5 Publix Super Markets, Inc. 31 1,431,891 2.2 % 14,559 1.5 % 10.17
6 Ross Stores, Inc (5) 43 1,110,510 1.7 % 13,946 1.4 % 12.56
7 L.A Fitness International, LLC (6) 14 566,362 0.9 % 10,994 1.1 % 19.41
8 Five Below, Inc. 58 550,050 0.9 % 10,964 1.1 % 19.93
9 Amazon.com, Inc. / Whole Foods Market Services, Inc. 15 595,292 0.9 % 10,630 1.1 % 17.86
10 PetSmart, Inc. 28 607,653 0.9 % 10,381 1.1 % 17.08
482 13,508,708 20.9 % 163,564 16.7 % 12.11
11 Albertson's Companies, Inc (7) 14 750,202 1.2 % 9,679 1.0 % 12.90
12 Ahold Delhaize (8) 16 864,919 1.3 % 9,469 1.0 % 10.95
13 Ulta Beauty, Inc. 34 378,884 0.6 % 9,136 0.9 % 24.11
14 Kohl's Corporation 14 1,051,137 1.6 % 8,772 0.9 % 8.35
15 PETCO Animal Supplies, Inc. 35 480,017 0.7 % 8,544 0.9 % 17.80
16 Big Lots, Inc. 29 975,534 1.5 % 7,242 0.7 % 7.42
17 The Michaels Companies, Inc. 21 472,884 0.7 % 6,229 0.6 % 13.17
18 Best Buy Co., Inc. (9) 11 413,875 0.6 % 5,261 0.5 % 12.71
19 Staples, Inc. 19 397,969 0.6 % 5,146 0.5 % 12.93
20 CVS Health 15 222,799 0.3 % 5,055 0.5 % 22.69
690 19,516,928 30.0 % 238,097 24.2 % 12.20
21 Party City Holdco Inc. 24 359,683 0.6 % 4,919 0.5 % 13.68
22 JOANN Stores, Inc. 19 398,614 0.6 % 4,809 0.5 % 12.06
23 JP Morgan Chase & Co. 24 91,983 0.1 % 4,713 0.5 % 51.24
24 Sprouts Farmers Market, Inc. 7 200,417 0.3 % 4,568 0.5 % 22.79
25 Gap, Inc. (10) 14 233,319 0.4 % 4,525 0.5 % 19.39
26 DICK's Sporting Goods, Inc. (11) 11 366,991 0.6 % 4,363 0.5 % 11.89
27 Hobby Lobby Stores, Inc. 11 604,732 0.9 % 4,348 0.4 % 7.19
28 The Home Depot, Inc. 5 428,868 0.7 % 4,196 0.4 % 9.78
29 Barnes & Noble, Inc. 12 242,536 0.4 % 4,156 0.4 % 17.14
30 At Home Stores LLC 6 544,922 0.8 % 4,042 0.4 % 7.42
31 Bath & Body Works, Inc. 39 164,233 0.3 % 3,980 0.4 % 24.23
32 Office Depot, Inc. (12) 15 313,821 0.5 % 3,916 0.4 % 12.48
33 Harbor Freight Tools 20 341,629 0.5 % 3,841 0.4 % 11.24
34 Chipotle Mexican Grill, Inc. 31 76,385 0.1 % 3,794 0.4 % 49.67
35 Starbucks Corporation 37 69,668 0.1 % 3,757 0.4 % 53.93
36 AMC Entertainment 4 200,955 0.3 % 3,704 0.4 % 18.43
37 Bank of America, NA 25 87,063 0.1 % 3,696 0.4 % 42.45
38 Designer Brands Inc. (DSW) 12 232,077 0.4 % 3,685 0.4 % 15.88
39 National Vision, Inc. (13) 34 124,111 0.2 % 3,632 0.4 % 29.26
40 Trader Joe's Company, Inc. 10 129,700 0.2 % 3,526 0.4 % 27.19
TOTAL TOP 40 RETAILERS 1,050 24,728,635 38.1 % $ 320,267 32.8 % $ 12.95
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (5) Includes Ross Dress for Less-38 and dd's Discounts-5. (9) Includes Best Buy-10 and Yardbird-1.
all franchise locations. (6) Includes LA Fitness-7, Esporta Fitness-6, and City Sports Club-1. (10) Includes Old Navy-12 and Gap Factory-2.
(2) Includes T.J. Maxx-32, Marshalls-31, HomeGoods-20, Sierra Trading Post-5 and HomeSense-2. (7) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, (11) Includes DICK'S Sporting Goods Warehouse Sale-4, Golf Galaxy-4 and
(3) Includes Kroger-32, King Soopers-4, Ralphs-3, Dillons-1, Food 4 Less-1, Harris Teeter-1, El Rancho (sublease)-1, Shop & Save Market-1 and Star Market-1. DICK'S Sporting Goods-3.
Pay Less-1 and Pick 'N Save-1. (8) Includes Giant Food-6, Super Stop & Shop-5, Food Lion-2, Bottom Dollar Food-1, (12) Includes Office Depot-9 and OfficeMax-6.
(4) Includes Dollar Tree-107 and Family Dollar-12. ShopRite (sublease)-1, and non-grocer (sublease)-1. (13) Includes America's Best Contacts & Eyeglasses-32 and Eyeglass World-2. Supplemental Disclosure - Three Months Ended December 31, 2023 Page 29
--- ---
NEW & RENEWAL LEASE SUMMARY ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF Third-Party Leasing Commissions PSF Weighted Average Lease Term (years) Comparable Only
Leases GLA New ABR New ABR PSF Leases GLA New ABR PSF Old ABR PSF Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 12/31/23 402 2,679,220 $ 46,347 $ 17.30 $ 5.29 $ 2.46 6.7 315 2,218,623 $ 16.63 $ 14.38 15.6 %
Three months ended 9/30/23 427 2,733,476 50,591 18.51 4.29 2.14 6.7 354 2,294,170 18.09 15.39 17.5 %
Three months ended 6/30/23 432 2,302,495 44,163 19.18 4.88 2.46 6.5 345 1,868,730 17.91 15.87 12.9 %
Three months ended 3/31/23 392 2,453,972 45,360 18.48 5.28 2.32 6.4 294 1,858,424 18.44 16.05 14.9 %
TOTAL - TWELVE MONTHS ENDED 12/31/23 1,653 10,169,163 $ 186,461 $ 18.34 $ 4.93 $ 2.34 6.6 1,308 8,239,947 $ 17.73 $ 15.38 15.3 %
NEW & RENEWAL LEASES ONLY
Three months ended 12/31/23 357 1,739,188 $ 36,717 $ 21.11 $ 8.15 $ 3.78 7.6 270 1,278,591 $ 21.32 $ 17.82 19.6 %
Three months ended 9/30/23 368 1,748,987 37,730 21.57 6.71 3.34 7.7 295 1,309,681 21.87 17.88 22.3 %
Three months ended 6/30/23 375 1,400,822 32,873 23.47 8.01 4.04 7.4 288 967,057 22.93 19.87 15.4 %
Three months ended 3/31/23 331 1,438,406 31,986 22.24 9.01 3.95 7.4 233 842,858 24.79 20.79 19.2 %
TOTAL - TWELVE MONTHS ENDED 12/31/23 1,431 6,327,403 $ 139,306 $ 22.02 $ 7.92 $ 3.76 7.5 1,086 4,398,187 $ 22.50 $ 18.86 19.3 %
NEW LEASES
Three months ended 12/31/23 150 798,868 $ 16,772 $ 20.99 $ 15.43 $ 8.14 9.6 65 387,876 $ 20.49 $ 14.91 37.4 %
Three months ended 9/30/23 151 789,336 17,949 22.74 14.24 7.38 10.6 78 350,030 25.32 16.58 52.7 %
Three months ended 6/30/23 136 624,684 15,180 24.30 15.29 9.03 9.9 52 205,869 23.15 18.91 22.4 %
Three months ended 3/31/23 140 768,410 15,463 20.12 13.22 7.27 9.5 44 201,562 23.33 16.27 43.4 %
TOTAL - TWELVE MONTHS ENDED 12/31/23 577 2,981,298 $ 65,364 $ 21.92 $ 14.51 $ 7.90 9.9 239 1,145,337 $ 22.94 $ 16.38 40.0 %
RENEWAL LEASES
Three months ended 12/31/23 207 940,320 $ 19,945 $ 21.21 $ 1.97 $ 0.08 5.9 205 890,715 $ 21.68 $ 19.08 13.6 %
Three months ended 9/30/23 217 959,651 19,781 20.61 0.52 0.02 5.4 217 959,651 20.61 18.36 12.3 %
Three months ended 6/30/23 239 776,138 17,693 22.80 2.16 0.02 5.4 236 761,188 22.87 20.13 13.6 %
Three months ended 3/31/23 191 669,996 16,523 24.66 4.18 0.14 5.0 189 641,296 25.25 22.21 13.7 %
TOTAL - TWELVE MONTHS ENDED 12/31/23 854 3,346,105 $ 73,942 $ 22.10 $ 2.04 $ 0.06 5.5 847 3,252,850 $ 22.35 $ 19.73 13.3 %
OPTION LEASES
Three months ended 12/31/23 45 940,032 $ 9,630 $ 10.24 $ — $ — 5.0 45 940,032 $ 10.24 $ 9.71 5.5 %
Three months ended 9/30/23 59 984,489 12,861 13.06 — — 4.9 59 984,489 13.06 12.07 8.2 %
Three months ended 6/30/23 57 901,673 11,290 12.52 — — 5.0 57 901,673 12.52 11.59 8.0 %
Three months ended 3/31/23 61 1,015,566 13,374 13.17 — — 5.0 61 1,015,566 13.17 12.11 8.8 %
TOTAL - TWELVE MONTHS ENDED 12/31/23 222 3,841,760 $ 47,155 $ 12.27 $ — $ — 5.0 222 3,841,760 $ 12.27 $ 11.39 7.7 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 12/31/23 Twelve Months Ended 12/31/23
% 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 15 % 1,723,767 64 % 42 % $ 11.17 12.0 % 14 % 6,385,281 63 % 42 % $ 12.34 14.8 %
New & Renewal Leases Only 10 % 873,919 50 % 32 % 13.39 18.7 % 9 % 3,029,053 48 % 32 % 14.58 24.4 %
New Leases 12 % 409,990 51 % 33 % 13.58 35.9 % 12 % 1,562,676 52 % 36 % 15.26 59.6 %
Renewal Leases 9 % 463,929 49 % 31 % 13.22 9.0 % 8 % 1,466,377 44 % 27 % 13.86 10.5 %
Option Leases 53 % 849,848 90 % 78 % 8.89 4.7 % 43 % 3,356,228 87 % 73 % 10.32 7.5 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 85 % 955,453 36 % 58 % $ 28.36 18.8 % 86 % 3,783,882 37 % 58 % $ 28.45 15.7 %
New & Renewal Leases Only 90 % 865,269 50 % 68 % 28.91 20.2 % 91 % 3,298,350 52 % 68 % 28.84 17.2 %
New Leases 88 % 388,878 49 % 67 % 28.81 38.9 % 88 % 1,418,622 48 % 64 % 29.26 28.7 %
Renewal Leases 91 % 476,391 51 % 69 % 28.99 15.5 % 92 % 1,879,728 56 % 73 % 28.52 14.3 %
Option Leases 47 % 90,184 10 % 22 % 23.04 8.6 % 57 % 485,532 13 % 27 % 25.77 8.4 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 30
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NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Twelve Months Ended Three Months Ended
12/31/23 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22
NEW LEASES
Weighted average over lease term:
Base rent $ 23.54 $ 22.94 $ 25.00 $ 25.01 $ 21.47 $ 19.48
Tenant improvements and allowances (1.66) (1.76) (1.61) (1.70) (1.59) (1.16)
Third-party leasing commissions (0.80) (0.82) (0.75) (0.90) (0.74) (0.69)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 21.08 20.36 22.64 22.41 19.14 17.63
Tenant specific landlord work (1) (2.45) (2.77) (2.38) (2.60) (2.07) (2.10)
NET EFFECTIVE RENT $ 18.63 $ 17.59 $ 20.26 $ 19.81 $ 17.07 $ 15.53
Net effective rent before tenant specific landlord work /
base rent 90% 89% 91% 90% 89% 91%
Net effective rent / base rent 79% 77% 81% 79% 80% 80%
Weighted average term (years) 9.9 9.6 10.6 9.9 9.5 9.6
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 32% 28% 39% 23% 39% 38%
< 10,000 SF 68% 72% 61% 77% 61% 62%
As of 12/31/23: Leases GLA ABR ABR PSF
≥ 10,000 SF 76 1,931,734 $ 29,716 $ 15.38
< 10,000 SF 337 1,094,657 34,323 31.36
TOTAL 413 3,026,391 $ 64,039 $ 21.16
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2024 2025 2026+ Total
Projected Lease Commencements $ 43,578 $ 16,856 $ 3,605 $ 64,039
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 470 basis points of total portfolio GLA (64.0M in ABR), 60 basis points (8.5M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

All values are in US Dollars.

Supplemental Disclosure - Three Months Ended December 31, 2023 Page 31
LEASE EXPIRATION SCHEDULE ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
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 214 611,355 1.0 % 1.0 % $ 16.40 $ 16.40 12 209,440 0.5 % 0.4 % $ 9.76 $ 9.76 202 401,915 2.2 % 1.7 % $ 19.85 $ 19.85
2024 955 5,671,690 9.3 % 7.7 % 13.23 13.23 120 3,475,490 8.2 % 6.3 % 8.86 8.87 835 2,196,200 11.8 % 9.2 % 20.14 20.15
2025 1,078 7,780,769 12.7 % 11.9 % 14.77 14.86 184 5,357,595 12.6 % 11.8 % 10.83 10.83 894 2,423,174 13.0 % 11.9 % 23.50 23.77
2026 1,025 7,020,573 11.5 % 11.7 % 16.12 16.47 161 4,714,226 11.1 % 11.0 % 11.39 11.50 864 2,306,347 12.4 % 12.4 % 25.78 26.63
2027 1,012 8,190,140 13.4 % 13.0 % 15.39 15.88 184 5,763,745 13.6 % 13.2 % 11.21 11.34 828 2,426,395 13.0 % 12.8 % 25.34 26.66
2028 968 6,853,350 11.2 % 12.0 % 16.94 17.63 167 4,679,876 11.0 % 11.6 % 12.12 12.21 801 2,173,474 11.7 % 12.4 % 27.32 29.31
2029 648 6,765,006 11.1 % 10.0 % 14.38 15.67 166 5,280,798 12.4 % 11.9 % 11.02 11.73 482 1,484,208 8.0 % 8.1 % 26.32 29.68
2030 352 3,154,343 5.2 % 5.2 % 15.98 17.58 75 2,231,318 5.3 % 5.1 % 11.15 11.92 277 923,025 5.0 % 5.3 % 27.66 31.26
2031 306 2,685,993 4.4 % 4.6 % 16.56 18.67 67 1,874,722 4.4 % 4.9 % 12.78 14.04 239 811,271 4.4 % 4.3 % 25.29 29.37
2032 342 2,694,748 4.4 % 5.0 % 17.88 20.10 61 1,794,395 4.2 % 4.4 % 12.04 13.04 281 900,353 4.8 % 5.5 % 29.51 34.18
2033 427 3,368,756 5.5 % 6.4 % 18.34 20.84 89 2,200,554 5.2 % 5.8 % 12.92 14.08 338 1,168,202 6.3 % 7.0 % 28.57 33.56
2034+ 541 6,253,437 10.3 % 11.5 % 17.83 21.05 157 4,850,138 11.5 % 13.6 % 13.76 15.70 384 1,403,299 7.4 % 9.4 % 31.90 39.52
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 214 611,355 1.0 % 1.0 % $ 16.40 $ 16.40 12 209,440 0.5 % 0.4 % $ 9.76 $ 9.76 202 401,915 2.2 % 1.7 % $ 19.85 $ 19.85
2024 784 3,467,763 5.7 % 4.8 % 13.43 13.44 68 1,669,994 3.9 % 2.5 % 7.30 7.32 716 1,797,769 9.7 % 7.2 % 19.13 19.12
2025 737 2,776,651 4.5 % 5.2 % 18.10 18.30 50 1,102,438 2.6 % 2.2 % 9.93 9.96 687 1,674,213 9.0 % 8.2 % 23.47 23.80
2026 680 2,499,292 4.1 % 5.1 % 19.59 20.38 42 975,714 2.3 % 2.3 % 11.39 11.80 638 1,523,578 8.2 % 7.9 % 24.84 25.87
2027 642 2,501,182 4.1 % 5.3 % 20.71 21.93 47 989,900 2.3 % 2.5 % 12.21 12.68 595 1,511,282 8.1 % 8.3 % 26.28 27.99
2028 639 2,273,215 3.7 % 5.2 % 22.17 23.81 40 826,000 1.9 % 2.3 % 13.39 13.62 599 1,447,215 7.8 % 8.2 % 27.18 29.62
2029 401 1,592,185 2.6 % 3.3 % 20.33 22.94 29 583,879 1.4 % 1.4 % 11.52 12.90 372 1,008,306 5.4 % 5.3 % 25.43 28.76
2030 305 1,812,918 3.0 % 3.2 % 17.36 19.20 40 1,025,531 2.4 % 2.5 % 11.70 12.58 265 787,387 4.2 % 4.1 % 24.74 27.82
2031 287 1,717,943 2.8 % 3.1 % 17.49 19.81 34 984,259 2.3 % 2.3 % 11.37 12.44 253 733,684 3.9 % 3.9 % 25.69 29.71
2032 300 2,041,032 3.3 % 3.8 % 18.13 20.18 54 1,266,319 3.0 % 3.3 % 12.69 13.72 246 774,713 4.2 % 4.4 % 27.02 30.73
2033 329 2,182,846 3.6 % 4.0 % 17.63 20.26 63 1,373,957 3.2 % 3.3 % 12.16 13.33 266 808,889 4.3 % 4.5 % 26.94 32.03
2034+ 2,550 37,573,778 61.6 % 56.0 % 14.41 18.68 964 31,424,866 74.2 % 75.0 % 11.69 14.94 1,586 6,148,912 33.0 % 36.3 % 28.30 37.75
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By Count By GLA
Twelve Months Ended 12/31/23 80.0% 86.2%
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 32
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
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 252 44,484,090 90.3 % 94.4 % $ 693,999 $ 17.53 69.6 % 69.0 % 71.6 %
CBSAs Ranked 51 - 100 by Population 41 7,411,233 88.8 % 94.1 % 96,704 14.71 11.3 % 11.5 % 10.0 %
Other CBSAs 69 12,565,502 92.9 % 96.2 % 178,246 15.87 19.1 % 19.5 % 18.4 %
TOTAL 362 64,460,825 90.6 % 94.7 % $ 968,949 $ 16.88 100.0 % 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 8 22 4,002,516 89.1 % 94.5 % $ 71,653 $ 21.89 6.0 % 6.3 % 7.3 %
2 New York-Newark-Jersey City, NY-NJ-PA 1 26 3,208,687 90.8 % 94.8 % 68,204 22.78 7.1 % 5.1 % 7.0 %
3 Houston-The Woodlands-Sugar Land, TX 5 30 4,003,997 89.3 % 94.7 % 55,764 15.14 8.2 % 6.3 % 5.8 %
4 Chicago-Naperville-Elgin, IL-IN-WI 3 16 4,219,418 83.5 % 87.9 % 55,701 15.37 4.3 % 6.6 % 5.7 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,711,118 85.5 % 92.5 % 48,492 20.41 3.5 % 4.2 % 5.0 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,890,596 94.7 % 99.1 % 43,339 25.36 2.9 % 2.9 % 4.5 %
7 Atlanta-Sandy Springs-Alpharetta, GA 7 23 3,326,958 92.8 % 94.5 % 43,071 14.22 6.3 % 5.2 % 4.4 %
8 Tampa-St. Petersburg-Clearwater, FL 17 11 1,796,844 93.0 % 96.6 % 28,467 17.00 2.9 % 2.8 % 2.9 %
9 Cincinnati, OH-KY-IN 30 7 1,860,090 96.9 % 98.9 % 26,238 18.07 1.8 % 2.9 % 2.7 %
10 Miami-Fort Lauderdale-Pompano Beach, FL 9 9 1,487,515 86.4 % 91.1 % 22,000 16.78 2.4 % 2.3 % 2.3 %
10 Largest CBSAs by ABR — 168 28,507,739 89.6 % 93.9 % 462,929 18.42 45.4 % 44.6 % 47.6 %
11 Naples-Marco Island, FL 138 5 1,068,109 93.6 % 99.3 % 21,127 20.23 1.3 % 1.7 % 2.2 %
12 Orlando-Kissimmee-Sanford, FL 22 5 803,287 90.2 % 98.3 % 19,071 24.31 1.3 % 1.2 % 2.0 %
13 Denver-Aurora-Lakewood, CO 19 6 1,314,146 92.2 % 95.7 % 18,356 15.70 1.6 % 2.0 % 1.9 %
14 Detroit-Warren-Dearborn, MI 14 8 1,459,645 85.4 % 93.4 % 17,193 13.68 2.1 % 2.3 % 1.8 %
15 San Diego-Chula Vista-Carlsbad, CA 18 3 655,343 95.4 % 96.8 % 16,486 26.54 0.8 % 1.0 % 1.7 %
16 Charlotte-Concord-Gastonia, NC-SC 23 4 1,301,277 96.9 % 97.2 % 15,100 13.38 1.1 % 2.0 % 1.6 %
17 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,726 84.4 % 85.6 % 13,839 16.55 2.1 % 1.7 % 1.4 %
18 Ann Arbor, MI 149 3 814,826 91.8 % 97.3 % 13,206 16.78 0.8 % 1.3 % 1.4 %
19 San Francisco-Oakland-Berkeley, CA 13 2 506,520 95.2 % 96.5 % 11,964 30.05 0.6 % 0.8 % 1.2 %
20 North Port-Sarasota-Bradenton, FL 66 5 737,243 95.7 % 99.1 % 11,204 15.47 1.3 % 1.1 % 1.2 %
20 Largest CBSAs by ABR — 217 38,254,861 90.1 % 94.4 % 620,475 18.32 58.4 % 59.7 % 64.0 %
21 Binghamton, NY 200 4 751,490 89.8 % 96.6 % 10,890 15.00 1.1 % 1.2 % 1.1 %
22 Vallejo, CA 123 1 519,266 90.9 % 91.2 % 10,728 23.60 0.3 % 0.8 % 1.1 %
23 Port St. Lucie, FL 112 5 692,612 91.0 % 94.3 % 10,693 16.53 1.3 % 1.1 % 1.1 %
24 Nashville-Davidson--Murfreesboro--Franklin, TN 34 4 797,885 92.2 % 97.4 % 10,544 13.63 1.1 % 1.2 % 1.1 %
25 Boston-Cambridge-Newton, MA-NH 11 6 722,376 94.7 % 97.0 % 10,403 14.85 1.6 % 1.1 % 1.1 %
26 Allentown-Bethlehem-Easton, PA-NJ 70 3 824,148 93.9 % 96.5 % 10,267 14.10 0.8 % 1.3 % 1.1 %
27 Riverside-San Bernardino-Ontario, CA 12 4 501,668 91.0 % 94.8 % 9,972 24.16 1.1 % 0.8 % 1.0 %
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 33
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
28 Memphis, TN-MS-AR 45 1 649,252 94.6 % 96.0 % 9,852 16.66 0.3 % 1.0 % 1.0 %
29 Cleveland-Elyria, OH 35 3 803,543 89.7 % 92.4 % 9,733 13.20 0.8 % 1.2 % 1.0 %
30 Indianapolis-Carmel-Anderson, IN 33 2 715,057 94.8 % 97.5 % 8,580 12.48 0.6 % 1.1 % 0.9 %
31 Jacksonville, FL 39 3 695,151 95.4 % 97.2 % 8,436 13.02 0.8 % 1.1 % 0.9 %
32 Louisville/Jefferson County, KY-IN 46 4 699,917 90.7 % 97.8 % 8,059 12.08 1.1 % 1.1 % 0.8 %
33 Hartford-East Hartford-Middletown, CT 49 3 570,969 93.5 % 95.8 % 7,693 14.51 0.8 % 0.9 % 0.8 %
34 Worcester, MA-CT 58 3 513,199 87.5 % 98.4 % 7,000 16.50 0.8 % 0.8 % 0.7 %
35 Scranton--Wilkes-Barre, PA 103 2 618,795 99.5 % 99.5 % 6,506 23.99 0.6 % 1.0 % 0.7 %
36 Milwaukee-Waukesha, WI 41 3 520,340 92.5 % 97.6 % 6,379 12.56 0.8 % 0.8 % 0.7 %
37 Wilmington, NC 168 2 379,107 98.1 % 99.6 % 6,102 16.33 0.6 % 0.6 % 0.6 %
38 New Haven-Milford, CT 71 4 488,490 78.6 % 92.0 % 5,854 13.02 1.1 % 0.8 % 0.6 %
39 Greensboro-High Point, NC 80 1 407,244 90.7 % 91.8 % 5,820 15.57 0.3 % 0.6 % 0.6 %
40 College Station-Bryan, TX 180 3 433,728 94.3 % 94.6 % 5,794 17.03 0.8 % 0.7 % 0.6 %
41 Oxnard-Thousand Oaks-Ventura, CA 74 2 319,844 84.5 % 96.6 % 5,781 19.39 0.6 % 0.5 % 0.6 %
42 Poughkeepsie-Newburgh-Middletown, NY 87 3 399,379 97.9 % 98.2 % 5,568 14.42 0.8 % 0.6 % 0.6 %
43 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 2 412,533 92.2 % 92.2 % 5,424 14.70 0.6 % 0.6 % 0.6 %
44 Spartanburg, SC 153 1 381,927 93.0 % 97.8 % 5,184 14.38 0.3 % 0.6 % 0.5 %
45 Cape Coral-Fort Myers, FL 75 1 281,822 73.9 % 98.9 % 4,812 17.71 0.3 % 0.4 % 0.5 %
46 Manchester-Nashua, NH 132 2 234,121 76.6 % 96.7 % 4,628 22.01 0.6 % 0.4 % 0.5 %
47 Raleigh-Cary, NC 42 2 286,697 98.0 % 98.8 % 4,500 16.01 0.6 % 0.4 % 0.5 %
48 Panama City, FL 236 2 403,492 96.6 % 99.0 % 4,450 11.31 0.6 % 0.6 % 0.5 %
49 Norwich-New London, CT 186 1 243,511 89.9 % 92.5 % 4,339 19.69 0.3 % 0.4 % 0.4 %
50 Dayton-Kettering, OH 77 1 333,998 85.3 % 89.4 % 4,337 14.90 0.3 % 0.5 % 0.4 %
50 Largest CBSAs by ABR — 295 53,856,422 90.6 % 94.8 % 838,803 17.47 80.1 % 83.9 % 86.6 %
51 Mobile, AL 130 1 410,401 91.5 % 91.7 % 4,273 11.63 0.3 % 0.6 % 0.4 %
52 Boulder, CO 161 1 275,919 84.9 % 88.4 % 4,266 17.49 0.3 % 0.4 % 0.4 %
53 Greenville-Anderson, SC 60 2 220,723 99.4 % 99.4 % 4,210 19.65 0.6 % 0.3 % 0.4 %
54 Kansas City, MO-KS 31 3 448,226 92.3 % 94.5 % 4,187 9.89 0.8 % 0.7 % 0.4 %
55 Charleston-North Charleston, SC 73 2 498,871 75.9 % 76.4 % 3,840 10.23 0.6 % 0.8 % 0.4 %
56 Bakersfield, CA 63 1 240,068 95.3 % 95.3 % 3,737 16.65 0.3 % 0.4 % 0.4 %
57 Winston-Salem, NC 90 2 351,938 84.1 % 87.1 % 3,722 12.67 0.6 % 0.5 % 0.4 %
58 Atlantic City-Hammonton, NJ 182 1 179,183 100.0 % 100.0 % 3,708 20.69 0.3 % 0.3 % 0.4 %
59 Hilton Head Island-Bluffton, SC 202 2 231,952 79.7 % 80.0 % 3,471 18.71 0.6 % 0.4 % 0.4 %
60 Springfield, MA 91 2 322,173 88.8 % 96.1 % 3,455 15.13 0.6 % 0.5 % 0.4 %
61 Virginia Beach-Norfolk-Newport News, VA-NC 38 1 150,014 99.8 % 99.8 % 3,327 22.45 0.3 % 0.2 % 0.3 %
62 Greenville, NC 257 1 233,153 87.6 % 90.0 % 3,288 15.66 0.3 % 0.4 % 0.3 %
63 Fresno, CA 56 1 215,166 97.3 % 97.3 % 3,230 15.42 0.3 % 0.3 % 0.3 %
64 Pittsfield, MA 331 1 188,444 99.1 % 99.1 % 2,981 15.97 0.3 % 0.3 % 0.3 %
65 Savannah, GA 133 2 221,381 96.0 % 96.5 % 2,904 14.03 0.6 % 0.3 % 0.3 % Supplemental Disclosure - Three Months Ended December 31, 2023 Page 34
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MAJOR CBSA DETAIL ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
66 Roanoke, VA 164 2 311,149 97.8 % 98.4 % 2,808 11.35 0.6 % 0.5 % 0.3 %
67 Sacramento-Roseville-Folsom, CA 27 1 78,103 16.7 % 100.0 % 2,775 35.53 0.3 % 0.1 % 0.3 %
68 Bridgeport-Stamford-Norwalk, CT 61 1 161,075 100.0 % 100.0 % 2,769 17.19 0.3 % 0.2 % 0.3 %
69 Elkhart-Goshen, IN 226 1 214,067 98.0 % 98.0 % 2,767 13.19 0.3 % 0.3 % 0.3 %
70 Columbus, OH 32 2 276,504 87.0 % 90.5 % 2,757 11.38 0.6 % 0.4 % 0.3 %
71 Concord, NH 286 1 196,542 100.0 % 100.0 % 2,709 14.54 0.3 % 0.3 % 0.3 %
72 Duluth, MN-WI 174 1 183,105 95.1 % 95.1 % 2,508 14.41 0.3 % 0.3 % 0.3 %
73 Santa Maria-Santa Barbara, CA 124 1 166,696 97.0 % 100.0 % 2,449 14.69 0.3 % 0.3 % 0.3 %
74 Richmond, VA 44 1 141,569 96.6 % 96.6 % 2,284 16.70 0.3 % 0.2 % 0.2 %
75 Rutland, VT 539 1 223,314 88.5 % 98.6 % 2,251 10.23 0.3 % 0.3 % 0.2 %
76 Flint, MI 137 1 164,632 100.0 % 100.0 % 2,222 13.59 0.3 % 0.3 % 0.2 %
77 Tucson, AZ 54 1 165,350 79.3 % 100.0 % 2,194 13.27 0.3 % 0.3 % 0.2 %
78 Manhattan, KS 323 1 214,898 98.5 % 99.5 % 2,182 16.39 0.3 % 0.3 % 0.2 %
79 Austin-Round Rock-Georgetown, TX 26 1 170,605 95.4 % 96.1 % 2,177 13.27 0.3 % 0.3 % 0.2 %
80 Columbus, IN 440 1 143,740 83.8 % 100.0 % 2,124 14.78 0.3 % 0.2 % 0.2 %
81 Trenton-Princeton, NJ 146 1 149,993 97.3 % 97.3 % 2,113 14.47 0.3 % 0.2 % 0.2 %
82 Greeneville, TN 483 1 224,139 99.3 % 99.3 % 2,110 9.69 0.3 % 0.3 % 0.2 %
83 Portland-South Portland, ME 104 1 287,533 97.9 % 100.0 % 2,056 17.26 0.3 % 0.4 % 0.2 %
84 Crestview-Fort Walton Beach-Destin, FL 170 1 158,118 96.9 % 99.1 % 2,005 12.79 0.3 % 0.2 % 0.2 %
85 St. Louis, MO-IL 21 2 208,998 84.4 % 84.4 % 1,979 11.43 0.6 % 0.3 % 0.2 %
86 Ithaca, NY 380 1 204,405 92.5 % 92.5 % 1,940 10.26 0.3 % 0.3 % 0.2 %
87 Palm Bay-Melbourne-Titusville, FL 96 1 131,243 84.6 % 96.8 % 1,878 14.78 0.3 % 0.2 % 0.2 %
88 Deltona-Daytona Beach-Ormond Beach, FL 86 1 184,379 98.7 % 100.0 % 1,860 10.09 0.3 % 0.3 % 0.2 %
89 California-Lexington Park, MD 360 1 92,335 100.0 % 100.0 % 1,847 20.00 0.3 % 0.1 % 0.2 %
90 Ocean City, NJ 409 1 136,351 98.2 % 98.2 % 1,799 13.43 0.3 % 0.2 % 0.2 %
91 Toledo, OH 95 1 298,765 79.0 % 82.2 % 1,768 12.68 0.3 % 0.5 % 0.2 %
92 Georgetown, SC 510 1 120,095 86.4 % 96.4 % 1,714 14.80 0.3 % 0.2 % 0.2 %
93 Lansing-East Lansing, MI 108 1 160,946 66.5 % 100.0 % 1,706 10.60 0.3 % 0.2 % 0.2 %
94 London, KY 295 1 166,026 100.0 % 100.0 % 1,616 9.73 0.3 % 0.3 % 0.2 %
95 Durham-Chapel Hill, NC 92 1 97,226 97.8 % 97.8 % 1,578 16.59 0.3 % 0.2 % 0.2 %
96 Muskegon, MI 256 1 104,600 96.2 % 96.2 % 1,546 15.37 0.3 % 0.2 % 0.2 %
97 Lafayette-West Lafayette, IN 208 1 132,027 100.0 % 100.0 % 1,461 11.07 0.3 % 0.2 % 0.2 %
98 Modesto, CA 106 1 86,689 100.0 % 100.0 % 1,224 14.53 0.3 % 0.1 % 0.1 %
99 Elizabethtown-Fort Knox, KY 280 1 130,466 98.6 % 100.0 % 1,125 8.62 0.3 % 0.2 % 0.1 %
100 Knoxville, TN 64 1 119,360 100.0 % 100.0 % 1,012 8.48 0.3 % 0.2 % 0.1 %
100 Largest CBSAs by ABR — 356 64,049,077 90.7 % 94.8 % 964,715 16.90 98.3 % 99.4 % 99.6 %
Other CBSAs — 6 411,748 80.1 % 80.7 % 4,234 12.93 1.7 % 0.6 % 0.4 %
TOTAL — 362 64,460,825 90.6 % 94.7 % $ 968,949 $ 16.88 100.0 % 100.0 % 100.0 % Supplemental Disclosure - Three Months Ended December 31, 2023 Page 35
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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 8,439,815 91.5 % 96.5 % $ 136,003 $ 17.07 13.5 % 13.1 % 14.0 %
2 Texas 48 7,404,115 88.2 % 93.7 % 113,092 17.07 13.3 % 11.5 % 11.7 %
3 California 28 5,179,959 92.6 % 97.0 % 111,685 23.98 7.7 % 8.0 % 11.6 %
4 Pennsylvania 24 4,328,200 89.4 % 94.6 % 68,316 20.52 6.6 % 6.7 % 7.1 %
5 New York 26 3,398,142 91.5 % 95.9 % 68,082 21.22 7.2 % 5.3 % 7.1 %
6 Illinois 16 4,219,418 83.5 % 87.9 % 55,701 15.37 4.4 % 6.5 % 5.7 %
7 New Jersey 16 2,821,891 94.6 % 96.2 % 47,386 18.53 4.4 % 4.4 % 5.0 %
8 Georgia 26 3,627,261 93.1 % 94.7 % 46,873 14.16 7.2 % 5.6 % 4.8 %
9 North Carolina 13 3,056,642 94.2 % 95.2 % 40,110 14.55 3.6 % 4.7 % 4.1 %
10 Michigan 15 2,804,178 87.5 % 95.3 % 36,681 14.33 4.1 % 4.4 % 3.8 %
11 Ohio 13 2,893,261 90.9 % 93.6 % 35,990 15.42 3.6 % 4.5 % 3.7 %
12 Tennessee 7 1,790,636 94.5 % 97.3 % 23,518 13.82 1.9 % 2.8 % 2.4 %
13 Colorado 7 1,590,065 90.9 % 94.4 % 22,622 16.01 1.9 % 2.5 % 2.3 %
14 Massachusetts 10 1,504,804 91.9 % 97.7 % 21,363 16.33 2.8 % 2.3 % 2.2 %
15 Connecticut 9 1,464,045 88.7 % 94.5 % 20,655 15.17 2.5 % 2.3 % 2.1 %
16 Kentucky 7 1,676,048 94.5 % 98.4 % 19,643 13.17 1.9 % 2.6 % 2.0 %
17 South Carolina 8 1,453,568 85.4 % 87.7 % 18,419 14.72 2.2 % 2.3 % 1.9 %
18 Minnesota 9 1,269,831 86.0 % 87.0 % 16,347 16.18 2.5 % 2.0 % 1.7 %
19 Indiana 5 1,204,891 94.6 % 98.2 % 14,932 12.73 1.4 % 1.9 % 1.5 %
20 New Hampshire 5 672,051 89.2 % 97.4 % 9,813 15.63 1.4 % 1.0 % 1.0 %
21 Virginia 5 735,614 94.6 % 94.9 % 9,450 14.82 1.4 % 1.1 % 1.0 %
22 Wisconsin 3 520,340 92.5 % 97.6 % 6,379 12.56 0.8 % 0.8 % 0.7 %
23 Maryland 2 371,986 98.8 % 98.8 % 6,240 17.52 0.6 % 0.6 % 0.6 %
24 Missouri 4 495,523 90.4 % 91.5 % 4,620 10.26 1.0 % 0.8 % 0.5 %
25 Alabama 1 410,401 91.5 % 91.7 % 4,273 11.63 0.3 % 0.6 % 0.4 %
26 Kansas 2 376,599 94.0 % 95.6 % 3,728 13.34 0.6 % 0.6 % 0.4 %
27 Vermont 1 223,314 88.5 % 98.6 % 2,251 10.23 0.3 % 0.3 % 0.2 %
28 Arizona 1 165,350 79.3 % 100.0 % 2,194 13.27 0.3 % 0.3 % 0.2 %
29 Maine 1 287,533 97.9 % 100.0 % 2,056 17.26 0.3 % 0.4 % 0.2 %
30 West Virginia 1 75,344 44.8 % 44.8 % 527 15.61 0.3 % 0.1 % 0.1 %
TOTAL 362 64,460,825 90.6 % 94.7 % $ 968,949 $ 16.88 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 36
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
1 Springdale Mobile AL Mobile, AL 2004 410,401 91.7 % $ 4,273 $ 11.63 Sam's Club* bealls, Big Lots, Burlington Stores, Conn's Home Plus, Crunch Fitness, David's Bridal, Five Below, Fresenius Medical Care, Marshalls, Piccadilly, Shoe Station, Ulta, World Market —
2 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 100.0 % 2,194 13.27 Sam's Club* Ace Pickleball Club, Big 5 Sporting Goods, CareMore, Defy-Tucson, Dollar Tree —
3 Bakersfield Plaza Bakersfield CA Bakersfield, CA 1970 240,068 95.3 % 3,737 16.65 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Kids Empire, Ross Dress for Less Hobby Lobby
4 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 100.0 % 5,047 28.15 Ralphs (Kroger) HomeGoods, Rite Aid, World Market —
5 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.1 % 3,247 28.12 TBA, Trader Joe's* CVS, Harbor Freight Tools —
6 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,575 23.73 Stater Bros. — —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 100.0 % 2,996 24.32 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection (4) Davis CA Sacramento-Roseville-Folsom, CA 2024 78,103 100.0 % 2,775 35.53 Trader Joe's Nordstrom Rack, PetSmart, Ulta —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 98.8 % 1,740 17.87 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,670 84.3 % 3,110 29.58 Major Market, Trader Joe's — —
11 Arbor - Broadway Faire (3) Fresno CA Fresno, CA 1995 215,166 97.3 % 3,230 15.42 Smart & Final Extra! (Chedraui USA) Boot Barn, PetSmart, The Home Depot DICK's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 166,696 100.0 % 2,449 14.69 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 86,689 100.0 % 1,224 14.53 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 % 6,633 23.51 Albertsons Best Buy, CVS, Kohl's, Optum Urgent Care, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 98.4 % 2,356 19.86 Barons Market Crunch Fitness, Dollar Tree —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 205,273 100.0 % 2,743 13.53 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Berkeley, CA 1996 177,573 94.1 % 2,593 32.90 — Kohl's, Party City Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Berkeley, CA 2019 328,947 97.8 % 9,371 29.34 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center (4) Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2024 258,685 97.0 % 6,553 26.12 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 98.9 % 5,620 33.42 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 % 1,417 29.10 Stater Bros. — —
22 Village at Mira Mesa San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 432,079 100.0 % 11,636 27.79 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, CVS, Marshalls, Michaels, Petco —
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 164,757 95.6 % 3,813 24.22 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J.Maxx —
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 3,885 35.58 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 % 3,414 25.51 El Super (Chedraui USA), Walmart Supercenter Party City, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 191,475 97.6 % 2,534 13.87 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, Big Lots, CVS, Dollar Tree, Regency Theaters —
27 Vail Ranch Center (4) Temecula CA Riverside-San Bernardino-Ontario, CA 2024 201,682 90.0 % 3,673 28.04 Stater Bros. Burlington Stores, Dollar Tree, Five Below, Kahoots —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 100.0 % 1,218 22.89 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 97.6 % 2,368 24.48 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo Vallejo CA Vallejo, CA 2023 519,266 91.2 % 10,728 23.60 Costco* Century Theatres, City Sports Club, DSW, Mancini's Sleepworld, Marshalls, Michaels, OfficeMax, Party City, Pep Boys, Petco, PetSmart, Ross Dress for Less, Ulta Target
31 Arvada Plaza Arvada CO Denver-Aurora-Lakewood, CO 1994 95,236 100.0 % 829 8.70 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Lakewood, CO 1996 476,988 95.1 % 7,501 16.71 King Soopers (Kroger) 2nd & Charles, AMC, Big Lots, Burlington Stores, Boot Barn, DICK’S Sporting Goods Warehouse Sale, Goldfish Swim School, Kohl's, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Lakewood, CO 1996 178,013 100.0 % 2,184 12.70 King Soopers (Kroger) Chuze Fitness, iGen —
34 Villa Monaco Denver CO Denver-Aurora-Lakewood, CO 1978 121,101 97.6 % 2,054 17.37 — Chuze Fitness —
Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
35 Centennial Shopping Center Englewood CO Denver-Aurora-Lakewood, CO 2013 113,830 95.2 % 1,187 38.20 King Soopers (Kroger) — —
36 Superior Marketplace Superior CO Boulder, CO 1997 275,919 88.4 % 4,266 17.49 Whole Foods Market (Amazon), Costco*, SuperTarget* Chuck E. Cheese's, Goldfish Swim School, Michaels, PetSmart, Restoration Hardware Outlet, Stickley Furniture, T.J.Maxx, Ulta —
37 Westminster City Center (4) Westminster CO Denver-Aurora-Lakewood, CO 2024 328,978 92.3 % 4,601 15.15 — Barnes & Noble, David's Bridal, Dollar Tree, DSW, Golf Galaxy, JOANN, Party City, Petco, Ross Dress for Less, Sierra Trading Post, The Tile Shop, Ulta —
38 The Shoppes at Fox Run Glastonbury CT Hartford-East Hartford-Middletown, CT 1974 108,167 93.4 % 2,909 28.78 Whole Foods Market (Amazon) Petco —
39 Parkway Plaza Hamden CT New Haven-Milford, CT 2006 72,353 92.7 % 1,042 15.53 PriceRite (Wakefern) — The Home Depot
40 The Manchester Collection Manchester CT Hartford-East Hartford-Middletown, CT 2001 312,908 95.1 % 3,028 10.78 Walmart Supercenter* Advance Auto Parts, Crazy Hot Deals, DICK’S Sporting Goods Warehouse Sale, DSW, Edge Fitness, Hobby Lobby, Namco, Savers, U.S Furniture Best Buy, The Home Depot, Walmart
41 Turnpike Plaza Newington CT Hartford-East Hartford-Middletown, CT 2004 149,894 99.0 % 1,756 11.84 Price Chopper (Northeast Grocery) — —
42 North Haven Crossing North Haven CT New Haven-Milford, CT 1993 103,365 97.7 % 1,806 17.88 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
43 Colonial Commons - Orange Orange CT New Haven-Milford, CT 1996 133,786 97.0 % 873 6.73 — — —
44 Stratford Square Stratford CT Bridgeport-Stamford-Norwalk, CT 1984 161,075 100.0 % 2,769 17.19 — Esporta Fitness, Five Below, Marshalls —
45 Waterbury Plaza Waterbury CT New Haven-Milford, CT 2000 178,986 84.8 % 2,133 14.06 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
46 Waterford Commons Waterford CT Norwich-New London, CT 2004 243,511 92.5 % 4,339 19.69 — Books-A-Million, DICK'S Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., Ulta Best Buy, Raymour & Flanigan
47 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,822 98.9 % 4,812 17.71 Publix bealls, Burlington Stores, Crunch Fitness, Kohl's, Naples Community Hospital, NewSouth Window Solutions —
48 Coastal Way - Coastal Landing (3) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 100.0 % 5,251 15.65 BJ's Wholesale Club, Sprouts Farmers Market Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta —
49 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,929 97.5 % 7,534 25.67 Costco*, SuperTarget* Burlington Stores, Dollar Tree, Five Below, Golf Galaxy, Michaels, PetSmart, Ross Dress for Less, Ulta Lowe's
50 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 264,921 92.8 % 3,916 15.93 Publix Big Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness —
51 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 90,483 86.4 % 1,998 25.56 — Broward County Library, CVS —
52 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 100.0 % 1,860 10.09 Publix Big Lots, Planet Fitness, Tractor Supply Co. —
53 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 99.1 % 2,005 12.79 Publix, ALDI* bealls, Books-A-Million, Office Depot, T.J.Maxx —
54 Normandy Square Jacksonville FL Jacksonville, FL 1996 90,384 99.4 % 925 10.60 Winn-Dixie (Southeastern Grocers) Ace Hardware, Family Dollar —
55 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 330,567 95.6 % 3,054 10.38 — American Freight, bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Party City, Surplus Warehouse —
56 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,025 20.62 — Esporta Fitness, La Familia Pawn & Jewelry —
57 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-Pompano Beach, FL 2002 135,820 98.8 % 2,798 21.21 Walmart Neighborhood Market Walgreens —
58 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-Pompano Beach, FL 1992 184,416 94.4 % 2,037 11.70 Publix City Mattress, Dollar Tree, Staples —
59 Marco Town Center Marco Island FL Naples-Marco Island, FL 2023 109,545 98.6 % 3,056 28.29 Publix — —
60 Mall at 163rd Street Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2007 342,385 76.8 % 3,097 12.83 Walmart Supercenter* Citi Trends, Ross Dress for Less The Home Depot
61 Shops at Palm Lakes Miami FL Miami-Fort Lauderdale-Pompano Beach, FL 2023 231,536 100.0 % 5,276 24.90 Fresco y Más (Southeastern Grocers) dd's Discounts (Ross), LA Fitness, Ross Dress for Less —
62 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 99.5 % 2,783 14.48 Publix Burlington Stores, HomeGoods, Pet Supplies Plus, Planet Fitness —
63 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 98.6 % 5,809 19.23 Trader Joe's Chuck E. Cheese's, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
64 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,207 21.21 Publix Marshalls, Office Depot, PGA TOUR Superstore, West Marine —
65 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,948 100.0 % 5,272 21.65 The Fresh Market Big Lots, Burlington Stores, Dollar Tree, HomeGoods, Party City, Saks OFF Fifth —
66 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 92.9 % 1,006 13.35 Publix — —
67 Presidential Plaza West North Lauderdale FL Miami-Fort Lauderdale-Pompano Beach, FL 2006 88,441 100.0 % 1,134 12.82 Sedano's Family Dollar —
68 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 141,069 100.0 % 2,634 18.67 — Burlington Stores, LA Fitness Target Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
69 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 100.0 % 1,235 16.18 Publix — —
70 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,359 18.70 Seabra Foods Office Depot —
71 Pointe Orlando (4) Orlando FL Orlando-Kissimmee-Sanford, FL 2024 413,123 96.8 % 11,818 29.82 — Capital Grille, Cuba Libre, Dick's Last Resort, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Monkey Joe's, Regal Cinemas, Rodizio Grill, Sports & Social, Wonderworks —
72 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 858 13.29 Publix — —
73 Martin Downs Village Center Palm City FL Port St. Lucie, FL 1987 167,145 92.9 % 3,409 22.90 — Goodwill, Walgreens —
74 23rd Street Station Panama City FL Panama City, FL 1995 98,827 96.1 % 1,467 15.45 Publix — —
75 Panama City Square Panama City FL Panama City, FL 1989 304,665 100.0 % 2,983 9.99 Walmart Supercenter Big Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx —
76 East Port Plaza (4) Port St. Lucie FL Port St. Lucie, FL 2024 214,489 95.6 % 3,069 14.97 Publix Fortis Institute, Goodwill, Urban Air Adventure Park, Walgreens —
77 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 94.3 % 1,277 14.23 Winn-Dixie (Southeastern Grocers) — —
78 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 774 13.58 Winn-Dixie (Southeastern Grocers) — —
79 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-Pompano Beach, FL 2005 39,404 95.6 % 879 23.34 SuperTarget* — —
80 Beneva Village Shoppes Sarasota FL North Port-Sarasota-Bradenton, FL 2020 144,078 100.0 % 2,917 20.25 Publix Archwell Health, Harbor Freight Tools —
81 Sarasota Village Sarasota FL North Port-Sarasota-Bradenton, FL 1972 173,184 100.0 % 2,301 13.62 Publix Big Lots, Crunch Fitness, HomeGoods —
82 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 96.8 % 1,878 14.78 Publix Home Centric, Planet Fitness —
83 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,154 13.74 Sprouts Farmers Market bealls, Burlington Stores, T.J.Maxx —
84 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 274,200 98.5 % 4,457 16.72 Publix Bealls Florida, Burlington Stores, Michaels, Party City, Petco —
85 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 135,796 92.2 % 2,338 18.68 Publix CVS, Dollar Tree —
86 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,415 9.57 Winn-Dixie (Southeastern Grocers) bealls, Big Lots —
87 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 195,214 84.5 % 2,164 13.13 Winn-Dixie (Southeastern Grocers) Big Lots, Chuck E. Cheese's, Crunch Fitness —
88 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 91.7 % 2,080 14.99 Publix Revive Health & Wellness —
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 % 1,841 20.08 Publix — —
91 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 95.2 % 1,413 17.52 — Dollar Tree, Ross Dress for Less —
92 Tarpon Mall Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 100.0 % 2,577 17.67 Publix Petco, T.J.Maxx, Ulta —
93 Venice Plaza Venice FL North Port-Sarasota-Bradenton, FL 1999 132,345 98.8 % 1,073 8.21 Winn-Dixie (Southeastern Grocers) T.J.Maxx —
94 Venice Shopping Center Venice FL North Port-Sarasota-Bradenton, FL 2000 109,801 97.8 % 1,023 9.52 Publix American Freight —
95 Venice Village Venice FL North Port-Sarasota-Bradenton, FL 2022 177,835 98.7 % 3,890 22.47 Publix JOANN, Planet Fitness —
96 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Alpharetta, GA 1993 291,622 93.1 % 4,143 21.18 — American Freight, Barnes & Noble, Cooper's Hawk Winery & Restaurant, DSW, Macy's Furniture Gallery, REI, T.J.Maxx Burlington Stores, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
97 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Alpharetta, GA 1952 445,342 83.2 % 4,768 13.17 City Farmers Market dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma, P.C.X. —
98 Sweetwater Village Austell GA Atlanta-Sandy Springs-Alpharetta, GA 1985 66,197 98.0 % 568 8.76 Food Depot Dollar Tree —
99 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Alpharetta, GA 2002 79,047 100.0 % 1,322 16.72 Publix — —
100 Salem Road Station Covington GA Atlanta-Sandy Springs-Alpharetta, GA 2000 67,270 100.0 % 844 12.55 Publix — —
101 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Alpharetta, GA 2002 94,886 97.4 % 1,390 15.04 Kroger — —
102 Northside Dalton GA Dalton, GA 2001 78,922 100.0 % 898 12.15 — America's Thirft Stores, Dollar Tree —
103 Cosby Station Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1994 77,811 100.0 % 970 12.47 Publix — —
104 Park Plaza Douglasville GA Atlanta-Sandy Springs-Alpharetta, GA 1986 46,670 91.2 % 818 19.30 Kroger* — — Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
105 Venture Pointe Duluth GA Atlanta-Sandy Springs-Alpharetta, GA 1995 155,172 100.0 % 1,776 11.45 Costco* American Freight, Ollie's Bargain Outlet, Studio Movie Grill Big Lots
106 Banks Station Fayetteville GA Atlanta-Sandy Springs-Alpharetta, GA 2006 178,871 81.6 % 1,405 11.41 Food Depot Staples —
107 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Alpharetta, GA 1992 218,818 100.0 % 3,025 14.19 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
108 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Alpharetta, GA 2003 97,040 97.2 % 1,409 14.94 Publix — —
109 Mableton Walk Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 1994 105,884 95.2 % 1,637 16.24 Publix — —
110 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Alpharetta, GA 2023 222,161 96.0 % 2,269 10.63 — Burlington Stores, Cash America, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
111 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1982 56,840 100.0 % 1,069 19.44 — Crunch Fitness —
112 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 2004 113,079 100.0 % 1,492 13.19 Kroger — —
113 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Alpharetta, GA 1996 144,351 99.2 % 2,288 15.98 Kroger — —
114 Creekwood Village Rex GA Atlanta-Sandy Springs-Alpharetta, GA 1990 69,778 100.0 % 691 9.90 Food Depot — —
115 ConneXion Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2016 107,355 100.0 % 2,161 20.13 — Planet Fitness —
116 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 1988 93,420 92.7 % 1,106 12.77 — PGA TOUR Superstore —
117 Kings Market Roswell GA Atlanta-Sandy Springs-Alpharetta, GA 2005 275,294 95.5 % 2,993 11.38 Publix Ace Pickleball Club, Frontgate, Sky Zone —
118 Victory Square Savannah GA Savannah, GA 2007 119,919 96.0 % 1,763 16.26 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
119 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Alpharetta, GA 2008 184,185 98.7 % 3,289 18.09 Kroger DaVita Dialysis —
120 Stone Mountain Festival Stone Mountain GA Atlanta-Sandy Springs-Alpharetta, GA 2006 135,865 94.2 % 1,638 12.80 — Conn's Home Plus, Harbor Freight Tools, NCG Cinemas —
121 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.1 % 1,141 11.58 Kroger — —
122 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 1999 199,663 98.3 % 3,995 20.36 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese's, Dollar Tree, Kirkland's, Party City, Petco, Ulta —
123 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN-WI 2000 151,643 89.7 % 2,101 15.44 — Harbor Freight Tools, XSport Fitness Kohl's
124 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN-WI 2006 196,445 100.0 % 2,515 12.80 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
125 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN-WI 1998 324,977 98.5 % 4,837 16.24 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, The Home Depot, XSport Fitness —
126 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN-WI 1992 541,651 94.7 % 6,294 13.00 Tony's Fresh Market (Heritage Grocers) AMC, At Home, Burlington Stores, Dollar Tree, Hollywood Park, JOANN, National Tire & Battery, OfficeMax, Party City, PetSmart, Planet Fitness, Ross Dress for Less —
127 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN-WI 1987 273,060 76.4 % 2,262 10.85 Jewel-Osco (Albertsons) Burlington Stores, Harbor Freight Tools Hobby Lobby
128 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN-WI 2005 347,503 100.0 % 4,973 14.31 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
129 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN-WI 2006 171,530 94.7 % 2,246 13.83 — Bear Paddle Swim School, Best Buy, Painted Tree Marketplace, PetSmart —
130 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN-WI 1997 106,683 76.9 % 1,338 16.30 Sunset Foods — —
131 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN-WI 2019 240,553 69.4 % 2,401 14.38 — Altitude Trampoline Park, JOANN, LA Fitness —
132 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN-WI 1997 118,281 93.8 % 1,768 16.81 Jewel-Osco (Albertsons) Planet Fitness —
133 Westridge Court (3) Naperville IL Chicago-Naperville-Elgin, IL-IN-WI 1992 699,491 67.5 % 9,273 20.92 The Fresh Market DICK’S Sporting Goods Warehouse Sale, Discovery Clothing, Edge Fitness, Five Below, Funtopia USA, La-Z-Boy Furniture, Painted Tree Marketplace, Star Cinema Grille, Ulta, Walter E. Smithe Furniture & Design, World Market —
134 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN-WI 2007 387,873 96.6 % 4,527 12.09 Amazon Fresh Best Buy, Burlington Stores, Kohl's, Michaels, Petco —
135 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN-WI 1990 101,800 87.6 % 1,741 19.51 Whole Foods Market (Amazon) Skechers —
136 Rollins Crossing Round Lake Beach IL Chicago-Naperville-Elgin, IL-IN-WI 1998 120,292 90.1 % 1,728 15.94 — Buffalo Wild Wings, Esporta Fitness, Harbor Freight Tools, Petco —
137 Tinley Park Plaza (4) Tinley Park IL Chicago-Naperville-Elgin, IL-IN-WI 2024 237,973 94.8 % 3,702 16.42 Amazon Fresh Burlington Stores, Dollar Tree, Planet Fitness, Ross Dress for Less, The Tile Shop —
138 Meridian Village Carmel IN Indianapolis-Carmel-Anderson, IN 1990 130,431 100.0 % 1,490 11.42 — Ollie's Bargain Outlet —
139 Columbus Center Columbus IN Columbus, IN 1964 143,740 100.0 % 2,124 14.78 — Burlington Stores, Five Below, HomeGoods, T.J.Maxx Target Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
140 Market Centre Goshen IN Elkhart-Goshen, IN 1994 214,067 98.0 % 2,767 13.19 Walmart Supercenter* Burlington Stores, Dollar Tree, JOANN, Ross Dress for Less, Staples —
141 Speedway Super Center Speedway IN Indianapolis-Carmel-Anderson, IN 2022 584,626 96.9 % 7,090 12.73 Kroger Aaron's, American Freight, Burlington Stores, Dollar Tree, Empire Beauty School, Harbor Freight Tools, HealthNet, Indiana Bureau of Motor Vehicles, Kohl's, Mattress Firm, Oak Street Health, Petco, pOpshelf, Ross Dress for Less, T.J.Maxx —
142 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,461 11.07 Pay Less (Kroger) — —
143 Westchester Square Lenexa KS Kansas City, MO-KS 1987 161,701 90.5 % 1,546 10.57 Hy-Vee — —
144 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 99.5 % 2,182 16.39 Dillons (Kroger) JOANN, Marshalls —
145 North Dixie Plaza Elizabethtown KY Elizabethtown-Fort Knox, KY 1992 130,466 100.0 % 1,125 8.62 — At Home, Staples —
146 Florence Plaza - Florence Square (3) Florence KY Cincinnati, OH-KY-IN 2014 679,639 98.3 % 8,843 16.73 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Burlington Stores, Boot Barn, Chuck E. Cheese's, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, KPot Korean BBQ & Hot Pot, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Shoe Carnival, Sierra Trading Post, Staples, T.J.Maxx, Ulta —
147 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 208,388 100.0 % 2,145 10.82 — Ace Pickleball Club, CVS, Dollar Tree —
148 London Marketplace London KY London, KY 1994 166,026 100.0 % 1,616 9.73 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
149 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 100.0 % 2,171 12.42 Kroger Petco —
150 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,747 93.5 % 1,745 12.47 Kroger Anytime Fitness —
151 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 96.8 % 1,998 12.99 Kroger Marketplace — —
152 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 100.0 % 1,233 8.78 America's Food Basket Citi Trends, Crunch Fitness —
153 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 1992 79,698 93.4 % 2,525 33.91 — Golf Galaxy, Staples Duluth Trading Co.
154 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 96.6 % 1,814 13.89 Super Stop & Shop (Ahold Delhaize) JOANN, Ocean State Job Lot —
155 WaterTower Plaza (4) Leominster MA Worcester, MA-CT 2024 282,636 99.0 % 4,094 14.90 TBA Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Party City, Petco, Staples, T.J.Maxx, The Paper Store —
156 Lunenberg Crossing Lunenburg MA Worcester, MA-CT 1994 25,515 82.3 % 325 15.48 Hannaford Bros.* — Walmart
157 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 78,046 95.5 % 1,508 20.23 Stop And Compare Crunch Fitness —
158 Webster Square Shopping Center Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 98.4 % 2,661 14.80 Star Market (Albertsons) Marshalls, Ocean State Job Lot —
159 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,444 99.1 % 2,981 15.97 Market 32 (Northeast Grocery) Barnes & Noble, Michaels, Staples, Ulta The Home Depot, Walmart
160 Westgate Plaza Westfield MA Springfield, MA 1996 126,178 95.5 % 1,641 16.79 ALDI Ocean State Job Lot, PetSmart, T.J.Maxx —
161 Perkins Farm Marketplace Worcester MA Worcester, MA-CT 1967 205,048 99.4 % 2,581 20.11 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
162 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 —
163 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,651 98.4 % 4,393 16.66 Giant Food (Ahold Delhaize) Big Lots, JOANN, Planet Fitness, Ross Dress for Less, Ulta —
164 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,533 100.0 % 2,056 17.26 — Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts —
165 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,536 96.4 % 7,196 18.76 Kroger DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Ulta —
166 Maple Village Ann Arbor MI Ann Arbor, MI 2020 288,528 98.6 % 5,036 17.70 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta —
167 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 93.9 % 1,003 12.51 Busch’s Fresh Food Market Ace Hardware —
168 Farmington Crossroads Farmington MI Detroit-Warren-Dearborn, MI 1986 87,268 88.8 % 875 11.29 — Ollie's Bargain Outlet, True Value —
169 Silver Pointe Shopping Center Fenton MI Flint, MI 1996 164,632 100.0 % 2,222 13.59 VG's Food (SpartanNash) Dunham's Sports Five Below, Michaels, Old Navy, T.J.Maxx
170 Cascade East Grand Rapids MI Grand Rapids-Kentwood, MI 1983 99,529 91.2 % 808 8.90 D&W Fresh Market (SpartanNash) — —
171 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 100.0 % 1,706 10.60 — DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
172 Lakes Crossing Muskegon MI Muskegon, MI 2008 104,600 96.2 % 1,546 15.37 — JOANN, Party City, Shoe Carnival, Ulta Kohl's Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
173 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 304,401 85.6 % 3,105 11.91 Sun Valley Supermarket Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Harbor Freight Tools, Octapharma —
174 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 465,309 96.9 % 7,067 20.56 TBA Barnes & Noble, DSW, Emagine Theatre, Kohl's, OfficeMax, Old Navy, Petco, T.J.Maxx, Ulta Target
175 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,781 100.0 % 1,303 12.80 — Citi Trends, Party City, Planet Fitness Burlington Stores, Forman Mills
176 18 Ryan Sterling Heights MI Detroit-Warren-Dearborn, MI 1997 101,564 100.0 % 1,017 10.01 Dream Market Dollar Tree, Planet Fitness —
177 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 154,853 100.0 % 1,127 7.28 — Dunham's Sports, Tractor Supply Co., Urban Air Adventure Park —
178 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 159,080 85.7 % 1,696 12.44 — Crunch Fitness, Party City, Petco, Ross Dress for Less Burlington Stores, Target
179 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 974 8.18 Save-A-Lot (Rabban Brothers) Big Lots, Dollar Tree, Planet Fitness —
180 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 99.0 % 2,439 19.82 SuperTarget* Best Buy, Dollar Tree, Walgreens —
181 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 96.3 % 1,239 13.99 Cub Foods (United Natural Foods Inc.) — —
182 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 95.1 % 2,508 14.41 — Best Buy, Dollar Tree, Harbor Freight Tools, HomeGoods, JOANN, T.J.Maxx —
183 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 95.6 % 2,043 24.29 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
184 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 68.5 % 1,724 11.79 — Dollar Tree, Marshalls, Michaels, Walgreens —
185 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,113 19.52 ALDI, Cub Foods* Dollar Tree —
186 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 98.1 % 1,948 16.74 Fresh Thyme Farmers Market (Meijer) Dollar Tree, Marshalls —
187 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,897 73.5 % 2,200 14.87 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Citi Trends, Dollar Tree, Five Below, Planet Fitness —
188 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,133 15.51 Festival Foods (Knowlan's Super Markets) Dollar Tree —
189 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 78.7 % 1,502 14.32 ALDI Chuck E. Cheese's, Michaels, Party City, Petco —
190 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 97.7 % 1,500 9.50 Price Chopper (Associated Wholesale) Fowling Warehouse —
191 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 95.6 % 1,141 9.57 Price Chopper (Associated Wholesale) — —
192 Maplewood Square Maplewood MO St. Louis, MO-IL 1998 71,590 95.4 % 477 6.98 Schnucks — —
193 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,706 16.34 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
194 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,424 93.7 % 4,524 16.92 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
195 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,197 9.04 Patel Brothers Big Air Trampoline, Big Lots, Dollar Tree, Gabe's, The Home Depot, Tokyo Grill and Supreme Buffet, Value City Furniture —
196 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 180,017 98.1 % 2,794 15.82 LIDL Boot Barn, Conn's Home Plus, Harbor Freight Tools, PetSmart Target, The Home Depot
197 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 94.2 % 3,985 14.81 Walmart Supercenter* bealls, Best Buy, Dollar Tree, Five Below, Michaels, Pep Boys, pOpshelf, Ross Dress for Less —
198 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 91.8 % 5,820 15.57 — Burlington Stores, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, Party City, PetSmart, Ross Dress for Less, Shoe Carnival, Ulta Target
199 University Commons Greenville NC Greenville, NC 1996 233,153 90.0 % 3,288 15.66 Harris Teeter (Kroger) Barnes & Noble, Petco, Shoe Carnival, T.J.Maxx Target
200 Roxboro Square Roxboro NC Durham-Chapel Hill, NC 2005 97,226 97.8 % 1,578 16.59 — Person County Health & Human Services —
201 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 100.0 % 4,394 12.57 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinsletown —
202 New Centre Market Wilmington NC Wilmington, NC 1998 143,762 98.9 % 2,198 15.89 — Burlington Stores, Party City, PetSmart, Shoe Carnival, Sportsman's Warehouse Target
203 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 3,904 16.59 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J.Maxx —
204 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 85.1 % 2,808 12.47 Compare Foods Badcock Home Furniture, Citi Trends, Modern Home, Office Depot, O'Reilly Auto Parts —
205 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 94.8 % 914 13.33 — Chef Store, Golf Galaxy, Mattress Firm — Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
206 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 102,873 92.6 % 2,034 22.64 — Boston Interiors, Planet Fitness —
207 Capitol Shopping Center Concord NH Concord, NH 2001 196,542 100.0 % 2,709 14.54 Market Basket (DeMoulas Supermarkets) Burlington Stores, JOANN, Marshalls —
208 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 100.0 % 2,594 21.55 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot
209 Seacoast Shopping Center Seabrook NH Boston-Cambridge-Newton, MA-NH 1991 89,634 92.2 % 803 9.72 — JOANN, The Zoo Health Club, Tractor Supply Co. Ashley Furniture, Cardi's Furniture, Ocean State Job Lot
210 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 151,754 98.1 % 1,673 11.24 Market Basket (DeMoulas Supermarkets) Staples, T.J.Maxx —
211 Laurel Square Brick NJ New York-Newark-Jersey City, NY-NJ-PA 2023 245,984 94.8 % 2,229 9.56 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
212 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,211 98.4 % 4,997 24.86 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
213 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ-PA 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — —
214 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,464 97.7 % 3,482 15.58 LIDL Big Lots, Esporta Fitness, Five Below, Pep Boys, Ross Dress for Less, Ulta —
215 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 97.3 % 2,113 14.47 Grocery Outlet 2nd Ave, Crab Du Jour, DaVita Dialysis, Planet Fitness, Rothman Orthopaedic Institute —
216 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ-PA 2002 127,230 97.8 % 1,704 13.69 Super Stop & Shop (Ahold Delhaize) — —
217 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 97.4 % 7,618 23.26 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J.Maxx —
218 Middletown Plaza (4) Middletown NJ New York-Newark-Jersey City, NY-NJ-PA 2024 201,715 91.3 % 3,616 19.92 Trader Joe's At Home, Party Fair, Petco, Retro Fitness —
219 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 94.5 % 1,304 30.31 ShopRite — —
220 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ-PA 2022 254,548 97.2 % 4,626 18.70 Bhavani Food Market, TBA Dollar Tree, Marshalls, Pep Boys, Petco, Texas Roadhouse —
221 Morris Hills Shopping Center Parsippany NJ New York-Newark-Jersey City, NY-NJ-PA 1994 159,561 78.5 % 2,604 20.79 — Blink Fitness (Equinox), Marshalls —
222 Rio Grande Plaza Rio Grande NJ Ocean City, NJ 1997 136,351 98.2 % 1,799 13.43 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
223 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,183 100.0 % 3,708 20.69 ShopRite (Village Supermarket) Staples —
224 Springfield Place Springfield NJ New York-Newark-Jersey City, NY-NJ-PA 1965 36,209 100.0 % 707 19.53 ShopRite (Village Supermarket) — —
225 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ-PA 2006 87,760 98.8 % 1,569 18.09 — Dollar Tree, Jersey Strong Uncle Giuseppe's
226 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 100.0 % 3,845 17.78 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta —
227 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ-PA 1993 89,704 92.9 % 2,806 33.67 ALDI T.J.Maxx —
228 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1998 84,316 94.1 % 1,886 24.37 TBA, BJ's Wholesale Club* Five Below Kohl's, Walmart
229 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ-PA 1991 77,458 91.3 % 2,101 29.71 Stop & Shop*, Wild by Nature Market* — Walgreens
230 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ-PA 2022 217,893 100.0 % 4,347 19.95 — Burlington Stores, Crazy Hot Deals, Dollar Tree, Floor & Décor, Phenix Salon Suites —
231 Dalewood I, II & III Shopping Center (4) Hartsdale NY New York-Newark-Jersey City, NY-NJ-PA 2024 196,148 93.6 % 6,389 35.57 H-Mart Barnes & Noble, T.J.Maxx, Ulta —
232 Unity Plaza Hopewell Junction NY Poughkeepsie-Newburgh-Middletown, NY 2005 67,462 100.0 % 1,430 21.20 Acme (Albertsons) — —
233 Cayuga Mall Ithaca NY Ithaca, NY 1969 204,405 92.5 % 1,940 10.26 ALDI Big Lots, JOANN, Planet Fitness, True Value, VA Community Based Outpatient —
234 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ-PA 1985 72,208 100.0 % 1,638 22.68 Key Food Marketplace T.J.Maxx —
235 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ-PA 1981 17,000 100.0 % 671 39.47 Trader Joe's — —
236 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ-PA 1972 61,904 95.6 % 1,454 24.57 KolSave Market* Dollar Tree, Planet Fitness —
237 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ-PA 2020 36,470 100.0 % 1,468 40.25 North Shore Farms CVS —
238 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ-PA 2007 223,322 92.0 % 3,160 15.90 Super Stop & Shop (Ahold Delhaize) Lumber Liquidators, Planet Fitness, Savers —
239 Wallkill Plaza Middletown NY Poughkeepsie-Newburgh-Middletown, NY 1986 209,910 97.5 % 2,198 11.08 — Ashley Homestore, Big Lots, Citi Trends, David's Bridal, Hobby Lobby — Supplemental Disclosure - Three Months Ended December 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) (5) Other Major Tenants (2) (5) Major Tenants
240 Monroe ShopRite Plaza Monroe NY Poughkeepsie-Newburgh-Middletown, NY 1985 122,007 98.5 % 1,940 16.14 ShopRite (Wakefern) Crazy Hot Deals, U.S. Post Office —
241 Rockland Plaza Nanuet NY New York-Newark-Jersey City, NY-NJ-PA 2006 251,589 96.4 % 5,523 24.55 A Matter of Health Barnes & Noble, Crazy Hot Deals, Jembro, Marshalls, Ulta —
242 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ-PA 1971 39,743 79.3 % 1,216 38.60 — — —
243 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ-PA 1961 129,996 95.7 % 3,306 26.58 — Dollar Tree, HomeGoods —
244 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2002 99,131 100.0 % 2,100 21.18 Fine Fare CVS, T.J.Maxx —
245 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ-PA 2018 120,089 100.0 % 3,132 26.08 Costco* HomeSense, Marshalls, PetSmart, Ulta —
246 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ-PA 1975 44,131 100.0 % 1,292 29.28 — HomeGoods —
247 College Plaza (4) Selden NY New York-Newark-Jersey City, NY-NJ-PA 2024 193,265 93.7 % 4,285 25.97 ShopRite (Wakefern) Burlington Stores, Five Below, Wren Kitchens Firestone
248 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 97.0 % 2,034 13.05 — Dollar Tree, Staples —
249 Parkway Plaza Vestal NY Binghamton, NY 1995 207,072 100.0 % 2,447 11.82 — Boot Barn, JOANN, Kohl's, PetSmart, Ross Dress for Less Target
250 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,647 17.84 — HomeGoods, Michaels, Old Navy —
251 Town Square Mall (3) Vestal NY Binghamton, NY 1991 291,346 92.9 % 4,762 17.60 Sam's Club*, Walmart Supercenter* AMC, Barnes & Noble, Burlington Stores, DICK'S Sporting Goods, Dollar Tree, DSW, Shoe Carnival, T.J.Maxx, Ulta —
252 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ-PA 1977 88,501 95.8 % 2,910 34.32 H-Mart — —
253 Brunswick Town Center Brunswick OH Cleveland-Elyria, OH 2004 151,048 97.0 % 2,509 17.73 Giant Eagle — The Home Depot
254 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,738 98.7 % 2,780 18.38 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
255 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 165,348 100.0 % 1,602 9.77 Kroger Pet Supplies Plus, Salvation Army —
256 Harpers Station Cincinnati OH Cincinnati, OH-KY-IN 1994 253,551 99.5 % 4,066 16.12 Fresh Thyme Farmers Market (Meijer) Esporta Fitness, HomeGoods, Painted Tree Marketplace, T.J.Maxx —
257 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 242,883 98.3 % 5,078 22.06 — Dollar Tree, Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, Ulta Target
258 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,320 37.56 Kroger — —
259 Crown Point Columbus OH Columbus, OH 1980 144,931 92.9 % 1,430 10.63 Kroger Dollar Tree, Planet Fitness —
260 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,573 87.9 % 1,327 12.33 Kroger — —
261 South Towne Centre Dayton OH Dayton-Kettering, OH 1972 333,998 89.4 % 4,337 14.90 Health Foods Unlimited Burlington Stores, JOANN, Party City, PetSmart, Value City Furniture —
262 Southland Shopping Center Middleburg Heights OH Cleveland-Elyria, OH 1951 582,492 90.3 % 6,001 11.41 Giant Eagle, Marc's, BJ's Wholesale Club* Dollar Tree, Five Below, JOANN, Marshalls, OfficeMax, Party City, Petco, Treasure Hunt, UFC Gym —
263 The Shoppes at North Olmsted North Olmsted OH Cleveland-Elyria, OH 2002 70,003 100.0 % 1,223 17.47 — Ollie's Bargain Outlet, Sears Outlet —
264 Surrey Square Mall Norwood OH Cincinnati, OH-KY-IN 2010 175,140 100.0 % 2,549 28.06 Kroger Advance Auto Parts, Rainbow Shops —
265 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 298,765 82.2 % 1,768 12.68 Kroger Big Lots, Crunch Fitness, Dollar General, Harbor Freight Tools —
266 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 91.3 % 2,537 19.79 Giant Food (Ahold Delhaize) CVS —
267 Park Hills Plaza Altoona PA Altoona, PA 1985 9,894 100.0 % 365 36.89 Weis Markets* — Burlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park
268 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 96.6 % 4,201 14.03 Giant Food (Ahold Delhaize) Big Lots, Citi Trends, Marshalls, PetSmart, Powerhouse Gym, Staples —
269 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 260,953 94.3 % 3,008 12.55 — Ollie's Bargain Outlet, Planet Fitness, RumbleOn —
270 Chalfont Village Shopping Center Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 46,051 59.5 % 316 11.53 — — —
271 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 95.1 % 2,698 19.74 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
272 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 88.5 % 1,791 20.03 Kimberton Whole Foods — —
273 Plymouth Square Shopping Center (4) Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 234,874 82.2 % 4,411 22.85 Weis Markets Planet Fitness, REI —
274 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 100.0 % 2,227 29.15 Giant Food (Ahold Delhaize) — — Supplemental Disclosure - Three Months Ended December 31, 2023 Page 44
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
275 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 100.0 % 681 15.10 Hung Vuong Food Market* — —
276 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 2023 312,355 98.9 % 3,830 19.59 — Burlington Stores, Dollar Tree, Gabe's, JOANN, Party City, PetSmart, Sierra Trading Post, T.J.Maxx, The Home Depot —
277 Barn Plaza Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 237,496 77.3 % 3,549 19.32 Whole Foods Market (Amazon) Barnes & Noble, Kohl's —
278 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 96.9 % 1,481 20.32 — Ross Dress for Less —
279 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 92.2 % 1,049 20.89 Weis Markets* DaVita Dialysis —
280 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 226,909 96.7 % 8,045 38.11 McCaffrey's Ulta —
281 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,101 29.16 — Target —
282 Roosevelt Mall (4) Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 588,789 98.0 % 10,387 39.76 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less —
283 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 97.8 % 1,646 9.53 Redner's Warehouse Market Big Lots, Ross Dress for Less —
284 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 88.0 % 1,493 10.98 ALDI Big Lots, Dollar Tree, Planet Fitness —
285 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 468 11.22 Fresh Grocer* — —
286 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 4,056 18.56 ShopRite (Wakefern) Famous Footwear, Harbor Freight Tools, Old Navy, Party City, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
287 Shops at Prospect West Hempfield PA Lancaster, PA 1994 63,392 91.6 % 771 13.27 Giant Food (Ahold Delhaize) — —
288 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 309,908 98.9 % 3,529 11.73 Redner's Warehouse Market Decor Home Furniture, Dollar Tree, Gabe's, PetSmart, Ross Dress for Less, Staples —
289 Wilkes-Barre Township Marketplace Wilkes-Barre PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,676 35.35 Walmart Supercenter Chuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus —
290 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton, SC 2006 166,639 99.2 % 2,973 17.99 Kroger — —
291 Milestone Plaza Greenville SC Greenville-Anderson, SC 1995 89,721 98.5 % 1,667 20.02 Lowes Foods (Alex Lee) — —
292 Circle Center Hilton Head Island SC Hilton Head Island-Bluffton, SC 2000 65,313 31.1 % 498 24.51 — — —
293 Island Plaza James Island SC Charleston-North Charleston, SC 1994 173,524 84.6 % 1,611 11.15 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym —
294 Festival Centre North Charleston SC Charleston-North Charleston, SC 1987 325,347 72.0 % 2,229 9.66 — American Freight, Gold's Gym, NewSpring Church —
295 Pawleys Island Plaza Pawleys Island SC Georgetown, SC 2015 120,095 96.4 % 1,714 14.80 Publix Petco, T.J.Maxx, Ulta —
296 Fairview Corners I & II Simpsonville SC Greenville-Anderson, SC 2003 131,002 100.0 % 2,543 19.41 — Petco, Ross Dress for Less, T.J.Maxx Target
297 Hillcrest Market Place Spartanburg SC Spartanburg, SC 2023 381,927 97.8 % 5,184 14.38 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
298 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,571 100.0 % 3,588 13.68 ALDI At Home, Big Lots, HomeGoods —
299 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 331,386 96.1 % 4,371 13.73 — Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Painted Tree Marketplace, Planet Fitness —
300 Greeneville Commons Greeneville TN Greeneville, TN 2002 224,139 99.3 % 2,110 9.69 — bealls, Belk, Hobby Lobby, Marshalls, Ross Dress for Less —
301 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 100.0 % 1,012 8.48 — Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park —
302 The Commons at Wolfcreek (3) Memphis TN Memphis, TN-MS-AR 2014 649,252 96.0 % 9,852 16.66 — Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Citi Trends, Crazy Hot Deals, Dave & Busters, David's Bridal, Dollar Tree, DSW, Michaels, Office Depot, Old Navy, Painted Tree Marketplace, PetSmart, T.J.Maxx Target, The Home Depot
303 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 96.7 % 1,511 13.70 Kroger — —
304 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,074 13.00 Kroger — Walgreens
305 Parmer Crossing Austin TX Austin-Round Rock-Georgetown, TX 1989 170,605 96.1 % 2,177 13.27 Desi Brothers Big Lots, Dollar Tree, Harbor Freight Tools, Planet Fitness —
306 Baytown Shopping Center Baytown TX Houston-The Woodlands-Sugar Land, TX 1987 95,941 57.4 % 935 16.98 — Goodwill —
307 El Camino Bellaire TX Houston-The Woodlands-Sugar Land, TX 2008 71,651 100.0 % 712 9.94 El Ahorro Supermarket Dollar Tree, Family Dollar —
308 Townshire Bryan TX College Station-Bryan, TX 2002 136,887 85.2 % 917 7.86 — AlphaGraphics —
309 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.2 % 3,379 19.76 — Dollar Tree, HomeGoods, Party City, Spec's Liquors Kohl's Supplemental Disclosure - Three Months Ended December 31, 2023 Page 45
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PROPERTY LIST ↩Table of<br><br>Contents
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Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
310 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 100.0 % 1,498 28.45 Kroger CVS —
311 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 72.0 % 865 14.19 — Crunch Fitness —
312 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 95,354 95.2 % 2,403 26.46 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
313 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 36.2 % 390 16.58 — — —
314 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 98.2 % 782 11.55 — Canales —
315 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 100.0 % 524 11.52 — Big Lots —
316 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 86.8 % 1,215 13.57 El Rio Grande Latin Market Family Dollar —
317 Wynnewood Village (4) Dallas TX Dallas-Fort Worth-Arlington, TX 2024 576,556 95.7 % 8,160 18.87 El Rancho (Heritage Grocers), Kroger Burlington Stores, Citi Trends, Dollar Tree, Five Below, Kids Empire, LA Fitness, Ross Dress for Less, South Oak Cliff Dialysis, Target —
318 Parktown Deer Park TX Houston-The Woodlands-Sugar Land, TX 1999 118,221 96.4 % 1,184 10.39 Food Town bealls, Walgreens —
319 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 100.0 % 2,014 11.81 Tom Thumb (Albertsons) Dollar Tree, Goody Goody Wine & Spirits —
320 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,423 92.1 % 4,002 22.01 Tom Thumb (Albertsons) DSW, Ulta —
321 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 788,584 95.1 % 17,455 23.28 SuperTarget* Best Buy, Big Lots, Boot Barn, DSW, Half Price Books, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Party City, PetSmart, pOpshelf, Ross Dress for Less, Staples, T.J.Maxx, Ulta —
322 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,474 16.56 Truong Nguyen Market — —
323 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 98.7 % 1,254 12.78 — Painted Tree Marketplace, Planet Fitness —
324 Bay Forest Houston TX Houston-The Woodlands-Sugar Land, TX 2004 71,667 95.3 % 740 10.84 Kroger — —
325 Beltway South Houston TX Houston-The Woodlands-Sugar Land, TX 1998 107,174 95.1 % 1,020 32.03 Kroger — —
326 Braes Heights Houston TX Houston-The Woodlands-Sugar Land, TX 2022 92,179 96.5 % 2,833 31.86 — CVS, My Salon Suites —
327 Braesgate Houston TX Houston-The Woodlands-Sugar Land, TX 1997 91,982 96.3 % 728 8.22 Food Town — —
328 Broadway Houston TX Houston-The Woodlands-Sugar Land, TX 2006 74,988 100.0 % 1,000 13.86 El Ahorro Supermarket Blink Fitness (Equinox), Melrose Fashions —
329 Clear Lake Camino South Houston TX Houston-The Woodlands-Sugar Land, TX 1964 106,058 69.8 % 1,159 17.11 ALDI Mr. Gatti's Pizza, Spec's Liquors —
330 Hearthstone Corners Houston TX Houston-The Woodlands-Sugar Land, TX 2019 208,147 97.2 % 2,483 12.27 El Rancho (Heritage Grocers) Big Lots, Conn's Home Plus, XL Parts —
331 Jester Village Houston TX Houston-The Woodlands-Sugar Land, TX 2022 62,665 93.7 % 1,323 22.53 — 24 Hour Fitness —
332 Jones Plaza (4) Houston TX Houston-The Woodlands-Sugar Land, TX 2024 111,206 94.1 % 1,264 12.08 La Michoacana Supermarket Aaron's, Fitness Connection —
333 Jones Square Houston TX Houston-The Woodlands-Sugar Land, TX 1999 169,786 96.8 % 1,581 9.62 — Big Lots, Hobby Lobby, King Dollar, Octapharma, Walgreens —
334 Maplewood Houston TX Houston-The Woodlands-Sugar Land, TX 2004 99,177 99.2 % 1,005 10.21 Foodarama bealls, Kids Empire —
335 Merchants Park Houston TX Houston-The Woodlands-Sugar Land, TX 2009 246,651 99.1 % 4,120 16.85 Kroger Big Lots, JD Sports, Petco, Planet Fitness, Ross Dress for Less —
336 Northgate Houston TX Houston-The Woodlands-Sugar Land, TX 1972 38,724 100.0 % 642 16.58 El Rancho* WSS —
337 Northshore (3) Houston TX Houston-The Woodlands-Sugar Land, TX 2001 229,954 97.1 % 3,345 15.21 Sellers Bros. Conn's Home Plus, Dollar Tree, Kamada Plasma, Melrose Fashions, Nova Healthcare, Office Depot —
338 Northtown Plaza Houston TX Houston-The Woodlands-Sugar Land, TX 1960 190,529 96.3 % 2,577 14.24 El Rancho (Heritage Grocers) 99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross) —
339 Orange Grove Houston TX Houston-The Woodlands-Sugar Land, TX 2005 184,664 99.1 % 2,223 12.67 — 24 Hour Fitness, Burlington Stores, Floor & Décor, WSS —
340 Royal Oaks Village Houston TX Houston-The Woodlands-Sugar Land, TX 2001 146,279 91.6 % 3,431 25.61 H-E-B — —
341 Tanglewilde Center Houston TX Houston-The Woodlands-Sugar Land, TX 1998 82,623 97.9 % 1,347 16.66 ALDI Dollar Tree, Party City —
342 West U Marketplace Houston TX Houston-The Woodlands-Sugar Land, TX 2000 60,136 100.0 % 1,616 26.87 Whole Foods Market (Amazon) — —
343 Westheimer Commons Houston TX Houston-The Woodlands-Sugar Land, TX 1984 245,714 97.0 % 2,694 11.31 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Sanitas Medical Center, Shoe Carnival, Walgreens —
344 Crossroads Centre - Pasadena Pasadena TX Houston-The Woodlands-Sugar Land, TX 1997 146,567 96.4 % 2,135 16.12 Kroger LA Fitness —
345 Spencer Square Pasadena TX Houston-The Woodlands-Sugar Land, TX 1998 181,888 98.5 % 2,049 11.44 Kroger bealls, Octapharma, Petco, Retro Fitness — Supplemental Disclosure - Three Months Ended December 31, 2023 Page 46
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PROPERTY LIST ↩Table of<br><br>Contents
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Dollars in thousands, except per square foot amounts
Year Percent Non-Owned
Property Name City State Core-Based Statistical Area Built GLA Leased ABR ABR PSF Grocer (1) (5) Other Major Tenants (2) (5) Major Tenants
346 Pearland Plaza Pearland TX Houston-The Woodlands-Sugar Land, TX 1995 156,491 98.5 % 1,451 9.42 Kroger American Freight, Goodwill, Harbor Freight Tools, Walgreens —
347 Market Plaza Plano TX Dallas-Fort Worth-Arlington, TX 2002 145,000 88.3 % 2,887 23.56 Central Market (H-E-B) — —
348 Preston Park Village (4) Plano TX Dallas-Fort Worth-Arlington, TX 2024 256,385 83.7 % 5,932 27.63 — Gap Factory Store, HomeGoods, Petco —
349 Keegan's Meadow Stafford TX Houston-The Woodlands-Sugar Land, TX 1999 125,100 97.0 % 1,610 13.67 El Rancho Retro Fitness —
350 Lake Pointe Village Sugar Land TX Houston-The Woodlands-Sugar Land, TX 2010 162,263 87.8 % 4,273 29.98 Whole Foods Market (Amazon) — —
351 Texas City Bay Texas City TX Houston-The Woodlands-Sugar Land, TX 2005 224,884 93.5 % 2,335 11.28 Kroger Conn's Home Plus, Harbor Freight Tools, Planet Fitness —
352 Windvale Center The Woodlands TX Houston-The Woodlands-Sugar Land, TX 2002 100,688 89.5 % 1,949 21.62 — Tesla —
353 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,882 79.1 % 1,031 9.80 — Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
354 Hanover Square Mechanicsville VA Richmond, VA 1991 141,569 96.6 % 2,284 16.70 — Gold's Gym, Hobby Lobby Kohl's
355 Cave Spring Corners Roanoke VA Roanoke, VA 2005 144,942 100.0 % 1,351 15.69 Kroger Hamrick's —
356 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 97.1 % 1,457 9.03 — Dollar Tree, Kohl's, PetSmart —
357 Hilltop Plaza Virginia Beach VA Virginia Beach-Norfolk-Newport News, VA-NC 2010 150,014 99.8 % 3,327 22.45 Trader Joe's Five Below, JOANN, PetSmart, Ulta —
358 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 98.6 % 2,251 10.23 Market 32 (Northeast Grocery) Planet Fitness, T.J.Maxx, Walmart —
359 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,392 98.6 % 3,774 17.53 Sendik's Food Market Marshalls, Sierra Trading Post, The Tile Shop —
360 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 98.7 % 1,033 10.65 Pick 'n Save (Kroger) — —
361 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 203,645 96.0 % 1,572 8.04 — Hobby Lobby, Kohl's Big Lots, Five Below, HomeGoods, Sierra Trading Post
362 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 44.8 % 527 15.61 — Sportsman's Warehouse —
TOTAL PORTFOLIO 64,460,825 94.7 % $ 968,949 $ 16.88
(1) * Indicates grocer is not owned.
(2) As of June 30, 2023, Major Tenants are defined as any grocer and all National / Regional anchor tenants.
(3) Property is listed as two individual properties on Company website for marketing purposes.
(4) Indicates property is currently in redevelopment.
(5) Major Tenants exclude tenants that have ceased to operate prior to their lease expiration date.
Supplemental Disclosure - Three Months Ended December 31, 2023 Page 47
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