EX-99.2 3 brx-20211101ex992.htm EX-99.2 Document
Exhibit 99.2

cover3q.jpg



>SUPPLEMENTAL DISCLOSURE
Three Months Ended September 30, 2021





TABLE OF CONTENTS
Page
Note: Financial and operational information is unaudited.
For additional information, please visit www.brixmor.com, follow Brixmor on Twitter at https://twitter.com/Brixmor, on Facebook at https://www.facebook.com/Brixmor, on Instagram at https://www.instagram.com/brixmorpropertygroup and on Youtube at https://www.youtube.com/user/Brixmor, and find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes or results to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company’s tenants, the real estate market, the financial markets and the global economy. The COVID-19 pandemic has impacted the Company and its tenants significantly, and the extent to which it continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, treatment developments, public adoption rates of COVID-19 vaccines, including booster shots, and their effectiveness against emerging variants of COVID-19, such as the Delta variant, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained changes in consumer behavior, among others. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Supplemental Disclosure - Three Months Ended September 30, 2021
image4.jpg



GLOSSARY OF TERMS
Term
Definition
Anchor Spaces
Spaces equal to or greater than 10,000 square feet ("SF") of GLA.
Anchor Space Repositioning
Anchor leasing that is primarily focused on reconfiguring or significantly remerchandising existing space with minimal work required outside of normal tenant improvement and landlord costs.
Annualized Base Rent ("ABR")
Contractual monthly base rent as of a specified date, under leases which have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included.
ABR PSF
ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA
Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
EBITDA, EBITDAre, Adjusted EBITDA & Cash Adjusted EBITDA
Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.
A reconciliation of net income to each of these measures is provided on page 7.
EBITDA is calculated as the sum of net income (loss) calculated in accordance with GAAP excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets and (ii) impairment write-downs of certain real estate assets. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense. EBITDA, EBITDAre, Adjusted EBITDA and Cash Adjusted EBITDA are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Gross Leasable Area ("GLA")
Represents the total amount of leasable property square footage.
Leased GLA
Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date.
LIBOR
London Interbank Offered Rate.
Metropolitan Statistical Area ("MSA")
Defined by the United States Office of Management and Budget as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting.
NAREIT
National Association of Real Estate Investment Trusts.
NAREIT Funds From Operations (“FFO")
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
A reconciliation of net income to NAREIT FFO is provided on page 8.
NAREIT defines FFO as net income (loss), calculated in accordance with GAAP, excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
Net Effective Rent
Average ABR PSF over the lease term adjusted for tenant improvements and allowances, third party leasing commissions and tenant specific landlord work. For purposes of calculating net effective rent, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI")
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
A reconciliation of NOI to net income is provided on page 10.
Calculated as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents and other revenues) less direct property operating expenses (operating costs and real estate taxes). NOI excludes (i) corporate level expenses (including general and administrative), (ii) lease termination fees, (iii) straight-line rental income, net, (iv) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (v) straight-line ground rent expense.
New Development
Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment StabilizationNew 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 incremental third party costs of a specified project, net of any project specific credits (i.e. lease termination fees or other ancillary credits).
Non-owned Major TenantsAlso known as shadow anchors. Represents tenants that are situated on parcels which are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s)
Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development
Construction of a new freestanding building, separate from the main retail buildings and generally located on the outer edge of a property. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new building.
Percent Billed
Billed GLA as a percentage of total GLA.
Percent Leased
Leased GLA as a percentage of total GLA.
PSF
Per square foot of GLA.
RedevelopmentLarger 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 ProjectsRepresents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread
Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread
Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread
Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread
Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 1
image4.jpg



GLOSSARY OF TERMS
Term
Definition
Total Rent Spread
Combined spreads for new, renewal and option leases.
Same Property NOI
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of Same Property NOI to net income is provided on page 13. Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties which have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis:
Three Months
Ended 9/30/21
Nine Months
Ended 9/30/21
Total properties in Brixmor Property Group portfolio
386386
Acquired properties excluded from Same Property NOI
(2)(2)
Additional exclusions
(11)(13)
Same Property NOI pool
373371
In addition, three outparcels acquired in 2021 and 2020 are excluded from the Same Property NOI pool for the three months ended September 30, 2021 and 2020, and four outparcels acquired in 2021 and 2020 are excluded from the Same Property NOI pool for the nine months ended September 30, 2021 and 2020. The balance of the shopping centers where those outparcels exist are included in the Same Property NOI pool. Additional exclusions for the three months ended September 30, 2021 and 2020 include ten properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021. Additional exclusions for the nine months ended September 30, 2021 and 2020 include 12 properties that were subject to partial dispositions in 2021 and 2020 and one property that was subject to a partial acquisition in 2021.
Small Shop Spaces
Spaces less than 10,000 SF of GLA.
Straight-line Rent
Non-cash revenue related to GAAP requirement to average a tenant's contractual base rent over the life of the lease. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built
Year of most recent redevelopment or year built if no redevelopment has occurred.
COVID-19
The Company expects the economic impact of the novel strain of coronavirus (“COVID-19”) to continue to adversely impact operating results for 2021. Portfolio data presented in the Supplemental Disclosure for the quarter ended September 30, 2021 reflects the contractual obligations of tenants. Due to COVID-19, there is inherent uncertainty as it relates to the Company’s reinvestment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields. For additional information refer to Form 10-Q, filed with the Securities and Exchange Commission (“SEC”) on November 1, 2021.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.

The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
  • EBITDA, EBITDAre, Adjusted
  • EBITDA & Cash Adjusted EBITDA
Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA is useful to investors in measuring its operating performance because the definition excludes items included in net income that do not relate to or are not indicative of the operating performance of the Company’s real estate, such as interest expense, federal and state taxes, and depreciation and amortization. The Company believes EBITDAre is also useful to investors as it further eliminates disparities in EBITDA due to gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets during the period presented and therefore provides a more consistent metric for comparing the operating performance of the Company’s real estate between periods. The Company believes Adjusted EBITDA, which further eliminates disparities in EBITDAre due to gains and losses on extinguishment of debt and other items that the Company believes are not indicative of the Company’s operating performance, and Cash Adjusted EBITDA, which further eliminates straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, and straight-line ground rent expense, are also useful to investors in understanding the Company’s operating performance.
  • NAREIT FFO
Considering the nature of its business as a real estate owner and operator, the Company believes that NAREIT FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
  • NOI and Same Property NOI
Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its property portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as depreciation and amortization and corporate level expenses (including general and administrative). The Company believes Same Property NOI is also useful to investors as it further eliminates disparities in NOI due to the acquisition or disposition of properties or the stabilization of completed New Development properties during the period presented and therefore provides a more consistent metric for comparing the operating performance of the Company’s real estate between periods.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 2
image4.jpg


RESULTS OVERVIEW & GUIDANCE
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Nine Months Ended
Summary Financial Results
9/30/219/30/209/30/219/30/20
Total revenues (page 6)$ 290,186$ 253,935$ 856,956$ 783,856
Net income (page 6)46,14527,944188,94496,769
Net income per diluted share (page 6)0.150.090.630.32
NOI (page 10)208,757185,351614,845574,082
Adjusted EBITDA (page 7)192,751164,274566,840509,959
Cash Adjusted EBITDA (page 7)185,858164,002550,007511,795
NAREIT FFO (page 8)115,801106,555384,954338,131
NAREIT FFO per diluted share (page 8)0.390.361.291.14
Items that impact FFO comparability, net per share (page 8)(0.09)(0.02)(0.10)(0.06)
Dividends declared per share (page 8)0.215— 0.6450.285
Dividend payout ratio (as % of NAREIT FFO) (page 8)55.1 %— %49.8 %25.0 %
Three Months Ended
Summary Operating and Financial Ratios9/30/216/30/213/31/2112/31/209/30/20
NOI margin (page 10)74.2 %74.3 %73.0 %72.2 %73.5 %
Same property NOI performance (page 13) (1)14.5 %13.9 %(1.5)%(6.4)%(9.3)%
Fixed charge coverage, current quarter annualized (page 15)3.9x3.8x3.7x3.4x3.2x
Fixed charge coverage, trailing twelve months (page 15)3.7x3.5x3.4x3.4x3.6x
Net principal debt to Adjusted EBITDA, current quarter annualized (page 15) (2)6.2x6.3x6.5x6.9x7.4x
Net principal debt to Adjusted EBITDA, trailing twelve months (page 15) (2)6.4x6.7x7.0x7.0x6.9x
Outstanding Classes of Stock
As of 9/30/21As of 6/30/21As of 3/31/21As of 12/31/20As of 9/30/20
Common shares outstanding (page 15)296,988296,978296,946296,494296,482
Summary Portfolio Statistics (3)As of 9/30/21As of 6/30/21As of 3/31/21As of 12/31/20As of 9/30/20
Number of properties (page 27)386389389393395
Percent billed (page 27)88.2 %88.1 %87.8 %87.8 %88.0 %
Percent leased (page 27)91.5 %91.1 %90.8 %90.7 %91.2 %
ABR PSF (page 27)$ 15.25$ 15.12$ 15.05$ 14.93$ 14.86
New lease rent spread (page 31)26.3 %19.8 %20.3 %21.9 %14.1 %
New & renewal lease rent spread (page 31)12.3 %10.7 %7.0 %8.0 %5.7 %
Total - new, renewal & option lease rent spread (page 31)10.7 %10.0 %6.7 %7.4 %6.1 %
Total - new, renewal & option GLA (page 31)2,770,0032,275,2552,130,0482,213,7913,155,433
2021 GuidanceCurrent
(at 11/1/2021)
Previous
(at 8/2/2021)
YTD
NAREIT FFO per diluted share$1.72 - $1.75$1.70 - $1.76$1.29
Same property NOI performance7.5% - 8.5%4.5% - 6.0%8.6%
(1) Reflects same property NOI as reported for the specified period.
(2) Net principal debt is as of the end of each specified period.
(3) Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 3
image4.jpg



>FINANCIAL SUMMARY
Supplemental Disclosure
Three Months Ended September 30, 2021





CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of
As of
9/30/2112/31/20
Assets
Real estate
Land$1,736,876 $1,740,263 
Buildings and tenant improvements7,808,558 7,714,105 
Construction in progress157,229 142,745 
Lease intangibles541,433 566,448 
10,244,096 10,163,561 
Accumulated depreciation and amortization(2,785,227)(2,659,448)
Real estate, net7,458,869 7,504,113 
Cash and cash equivalents397,198 368,675 
Restricted cash7,166 1,412 
Marketable securities20,769 19,548 
Receivables, net229,421 240,323 
Deferred charges and prepaid expenses, net147,014 139,260 
Real estate assets held for sale42,011 18,014 
Other assets48,665 50,802 
Total assets$8,351,113 $8,342,147 
Liabilities
Debt obligations, net$5,163,375 $5,167,330 
Accounts payable, accrued expenses and other liabilities495,229 494,116 
Total liabilities5,658,604 5,661,446 
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
306,115,437 and 305,621,403 shares issued and 296,988,445 and 296,494,411
shares outstanding2,970 2,965 
Additional paid-in capital3,220,183 3,213,990 
Accumulated other comprehensive loss(17,588)(28,058)
Distributions in excess of net income(513,056)(508,196)
Total equity2,692,509 2,680,701 
Total liabilities and equity$8,351,113 $8,342,147 



Supplemental Disclosure - Three Months Ended September 30, 2021
Page 5
image4.jpg



CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months EndedNine Months Ended
9/30/219/30/209/30/219/30/20
Revenues
Rental income$290,013 $253,799 $853,407 $781,635 
Other revenues173 136 3,549 2,221 
Total revenues290,186 253,935 856,956 783,856 
Operating expenses
Operating costs32,774 24,794 92,914 80,286 
Real estate taxes39,763 42,124 124,908 126,796 
Depreciation and amortization81,724 87,488 246,356 251,334 
Impairment of real estate assets— 5,746 1,898 16,306 
General and administrative25,309 27,748 76,415 74,781 
Total operating expenses179,570 187,900 542,491 549,503 
Other income (expense)
Dividends and interest51 109 242 335 
Interest expense(48,918)(50,991)(147,601)(148,197)
Gain on sale of real estate assets11,122 13,621 49,489 23,218 
Loss on extinguishment of debt, net(27,116)(50)(28,345)(10,441)
Other 390 (780)694 (2,499)
Total other expense(64,471)(38,091)(125,521)(137,584)
Net income$46,145 $27,944 $188,944 $96,769 
Net income per common share:
Basic $0.15 $0.09 $0.63 $0.32 
Diluted $0.15 $0.09 $0.63 $0.32 
Weighted average shares:
Basic 297,188 296,562 297,165 296,982 
Diluted 298,269 296,862 298,209 297,317 

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 6
image4.jpg



EBITDA
Unaudited, dollars in thousands
Three Months EndedNine Months Ended
9/30/219/30/209/30/219/30/20
Net income$46,145 $27,944 $188,944 $96,769 
Interest expense48,918 50,991 147,601 148,197 
Federal and state taxes(329)678 508 2,147 
Depreciation and amortization81,724 87,488 246,356 251,334 
EBITDA176,458 167,101 583,409 498,447 
Gain on sale of real estate assets(11,122)(13,621)(49,489)(23,218)
Impairment of real estate assets— 5,746 1,898 16,306 
EBITDAre$165,336 $159,226 $535,818 $491,535 
EBITDAre$165,336 $159,226 $535,818 $491,535 
Loss on extinguishment of debt, net27,116 50 28,345 10,441 
Litigation and other non-routine legal expenses145 4,835 2,474 7,395 
Transaction expenses154 163 203 588 
Total adjustments27,415 5,048 31,022 18,424 
Adjusted EBITDA$192,751 $164,274 $566,840 $509,959 
Adjusted EBITDA$192,751 $164,274 $566,840 $509,959 
Straight-line rental income, net (1)(4,951)2,974 (10,627)11,533 
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements(1,974)(3,281)(6,326)(9,802)
Straight-line ground rent expense (2)32 35 120 105 
Total adjustments (6,893)(272)(16,833)1,836 
Cash Adjusted EBITDA$185,858 $164,002 $550,007 $511,795 
(1) Includes straight-line rental income reversals of $0.6 million and $11.3 million for the three months ended September 30, 2021 and 2020, respectively, and $2.9 million and $30.7 million for the nine months ended September 30, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.8 million of straight-line rental income during the three and nine months ended September 30, 2021 that had previously been reversed.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 7
image4.jpg



FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months EndedNine Months Ended
9/30/219/30/209/30/219/30/20
Net income$46,145 $27,944 $188,944 $96,769 
Depreciation and amortization related to real estate80,778 86,486 243,601 248,274 
Gain on sale of real estate assets(11,122)(13,621)(49,489)(23,218)
Impairment of real estate assets— 5,746 1,898 16,306 
NAREIT FFO$115,801 $106,555 $384,954 $338,131 
NAREIT FFO per diluted share$0.39 $0.36 $1.29 $1.14 
Weighted average diluted shares outstanding298,269 296,862 298,209 297,317 
Items that impact FFO comparability
Loss on extinguishment of debt, net$(27,116)$(50)$(28,345)$(10,441)
Litigation and other non-routine legal expenses(145)(4,835)(2,474)(7,395)
Transaction expenses(154)(163)(203)(588)
Total items that impact FFO comparability$(27,415)$(5,048)$(31,022)$(18,424)
Items that impact FFO comparability, net per share$(0.09)$(0.02)$(0.10)$(0.06)
Additional Disclosures
Straight-line rental income, net (1)$4,951 $(2,974)$10,627 $(11,533)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,974 3,281 6,326 9,802 
Straight-line ground rent expense (2)(32)(35)(120)(105)
Dividends declared per share$0.215 $— $0.645 $0.285 
Dividends declared$63,852 $— $191,546 $84,488 
Dividend payout ratio (as % of NAREIT FFO) 55.1 %— %49.8 %25.0 %
(1) Includes straight-line rental income reversals of $0.6 million and $11.3 million for the three months ended September 30, 2021 and 2020, respectively, and $2.9 million and $30.7 million for the nine months ended September 30, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.8 million of straight-line rental income during the three and nine months ended September 30, 2021 that had previously been reversed.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 8
image4.jpg



SUPPLEMENTAL BALANCE SHEET DETAIL
Unaudited, dollars in thousands
As ofAs of
9/30/2112/31/20
Receivables, net
Straight-line rent receivable, net$136,487 $127,349 
Tenant receivables, net85,199 107,165 
Other 7,735 5,809 
Total receivables, net$229,421 $240,323 
Deferred charges and prepaid expenses, net
Deferred charges, net$117,011 $119,033 
Prepaid expenses, net30,003 20,227 
Total deferred charges and prepaid expenses, net $147,014 $139,260 
Other assets
Right-of-use asset$30,376 $34,006 
Furniture, fixtures and leasehold improvements, net12,292 11,137 
Other 5,997 5,659 
Total other assets$48,665 $50,802 
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $260,955 $236,433 
Below market leases, net74,653 85,445 
Dividends payable66,598 65,972 
Lease liability34,842 38,599 
Interest rate swaps17,586 28,225 
Other 40,595 39,442 
Total accounts payable, accrued expenses and other liabilities$495,229 $494,116 

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 9
image4.jpg



NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
Unaudited, dollars in thousands
Three Months EndedNine Months Ended
9/30/219/30/209/30/219/30/20
Net Operating Income Detail
Base rent$208,550 $207,458 $621,206 $631,531 
Expense reimbursements62,219 61,322 186,850 187,087 
Revenues deemed uncollectible4,353 (21,462)2,113 (55,462)
Ancillary and other rental income / Other revenues5,249 4,275 17,657 14,258 
Percentage rents 891 641 4,721 3,645 
Operating costs(32,742)(24,759)(92,794)(80,181)
Real estate taxes(39,763)(42,124)(124,908)(126,796)
Net operating income $208,757 $185,351 $614,845 $574,082 
Operating Ratios
NOI margin (NOI / revenues)74.2 %73.5 %73.9 %73.5 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes))85.8 %91.7 %85.8 %90.4 %
Reconciliation of Net Operating Income to Net Income
Net operating income $208,757 $185,351 $614,845 $574,082 
Lease termination fees1,999 1,394 7,456 4,528 
Straight-line rental income, net (1)4,951 (2,974)10,627 (11,533)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,974 3,281 6,326 9,802 
Straight-line ground rent expense (2)(32)(35)(120)(105)
Depreciation and amortization(81,724)(87,488)(246,356)(251,334)
Impairment of real estate assets— (5,746)(1,898)(16,306)
General and administrative(25,309)(27,748)(76,415)(74,781)
Total other expense(64,471)(38,091)(125,521)(137,584)
Net income$46,145 $27,944 $188,944 $96,769 
Supplemental Statement of Operations Detail
Rental income
Base rent$208,550 $207,458 $621,206 $631,531 
Expense reimbursements62,219 61,322 186,850 187,087 
Revenues deemed uncollectible4,353 (21,462)2,113 (55,462)
Lease termination fees1,999 1,394 7,456 4,528 
Straight-line rental income, net (1)4,951 (2,974)10,627 (11,533)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,974 3,281 6,326 9,802 
Ancillary and other rental income5,076 4,139 14,108 12,037 
Percentage rents 891 641 4,721 3,645 
Total rental income$290,013 $253,799 $853,407 $781,635 
Other revenues$173 $136 $3,549 $2,221 
Interest expense
Mortgage, note and other interest$44,972 $44,324 $134,202 $125,386 
Unsecured credit facility and term loan interest3,802 6,172 12,743 21,018 
Capitalized interest (1,019)(1,156)(2,836)(3,333)
Deferred financing cost amortization1,874 1,931 5,638 5,550 
Debt premium and discount accretion, net(711)(280)(2,146)(424)
Total interest expense$48,918 $50,991 $147,601 $148,197 
Other
Federal and state taxes$(329)$678 $508 $2,147 
Other(61)102 (1,202)352 
Total other$(390)$780 $(694)$2,499 
Additional General and Administrative Disclosures
Capitalized construction compensation costs$4,198 $3,755 $12,119 $10,873 
Capitalized leasing legal costs (3)738 141 1,497 215 
Capitalized leasing commission costs2,042 1,432 4,795 4,040 
Equity compensation expense, net4,027 3,200 10,818 7,807 
(1) Includes straight-line rental income reversals of $0.6 million and $11.3 million for the three months ended September 30, 2021 and 2020, respectively, and $2.9 million and $30.7 million for the nine months ended September 30, 2021 and 2020, respectively. Additionally, in connection with returning certain tenants to the accrual basis of accounting, the Company recognized $0.8 million of straight-line rental income during the three and nine months ended September 30, 2021 that had previously been reversed.
(2) Straight-line ground rent expense is included in Operating costs on the Consolidated Statements of Operations.
(3) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 10
image4.jpg



SUPPLEMENTAL COVID-19 DISCLOSURE
Unaudited, dollars in thousands
Fifteen Months Ended 6/30/21Three Months Ended 9/30/21Eighteen Months Ended 9/30/21
Total
Portfolio (7)
Percent of
Billed Base
Rent
Total
Portfolio (7)
Percent of
Billed Base
Rent
Total
Portfolio (7)
Percent of
Billed Base
Rent
Billed base rent (1)$1,049,345 100.0 %$209,384 100.0 %$1,258,729 100.0 %
Rent deferrals, net (lease modifications) and rent abatements (2)(3)(10,930)(1.0)%(834)(0.4)%(11,764)(0.9)%
Base rent (Page 10)1,038,415 99.0 %208,550 99.6 %1,246,965 99.1 %
Out-of-period rent deferrals, net (lease modifications), rent abatements and retro billing adjustments (2)(3)(419)— %419 0.2 %— — %
Base rent adjusted for out-of-period rent deferrals, net (lease modifications), rent
abatements and retro billing adjustments
1,037,996 98.9 %208,969 99.8 %1,246,965 99.1 %
Cash collected from tenants (2)(983,616)(93.7)%(203,000)(97.0)%(1,196,456)(95.1)%
Out-of-period cash collected from tenants (2)(9,840)(0.9)%— — %— — %
Accrued but uncollected base rent44,540 4.2 %5,969 2.9 %50,509 4.0 %
Rent deferrals, net (not lease modifications) (4)(19,792)(1.9)%(370)(0.2)%(18,113)(1.4)%
Out-of-period rent deferrals, net (not lease modifications) (4)2,049 0.2 %— — %— — %
Accrued but uncollected and unaddressed (under negotiation) base rent$26,797 2.6 %$5,599 2.7 %$32,396 2.6 %
Revenues deemed uncollectible - rent deferrals (not lease modifications) before
out-of-period adjustments
$(16,466)$(307)$(16,005)
Out-of-period cash collected on revenues deemed uncollectible2,695 — — 
Out-of-period additional reserve(183)— — 
Out-of-period deferrals on previously reserved amounts(1,744)— — 
Revenues deemed uncollectible - rent deferrals (not lease modifications) adjusted for out-of-period activity(15,698)(307)(16,005)
Revenues deemed uncollectible - accrued but uncollected and unaddressed
(under negotiation) rent before out-of-period adjustments
(33,147)(4,356)(30,073)
Out-of-period cash collected on revenues deemed uncollectible4,547 — — 
Out-of-period additional reserve1,139 — — 
Out-of-period deferrals on previously reserved amounts1,744 — — 
Revenues deemed uncollectible - accrued but uncollected and unaddressed
(under negotiation) rent adjusted for out-of-period activity
(25,717)(4,356)(30,073)
Revenues deemed uncollectible - base rent$(41,415)$(4,663)$(46,078)
Revenues deemed uncollectible - base rent (cash basis tenants)$(38,869)$(4,663)$(43,532)
Revenues deemed uncollectible - base rent$(4,663)
Adjustments for out-of-period cash received - base rent (5)7,242 
Adjustments for out-of-period cash received - net expense reimbursements3,267 
Adjustments for out-of-period additional reserves/abatements (6)956 
Revenues deemed uncollectible - net expense reimbursements and other adjustments(2,449)
Revenues deemed uncollectible (page 10)$4,353 
(1) Amounts presented represent fifteen months ended June 30, 2021 and three months ended September 30, 2021 base rent billings, respectively.
(2) Amounts are as of September 30, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to September 30, 2021.
(3) The Company accounts for COVID-19 rent deferrals and abatements that significantly increase the consideration due under the lease as lease modifications in accordance with ASC 842. As a result, rental revenue recognition is reduced by the amount of the deferral or abatement in the period it was granted and straight-line rental income recognition is updated over the remaining lease term. The Company does not account for COVID-19 rent abatements that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition is reduced by the amount of the abatement in the period it was granted and straight-line rental income recognition does not change over the remaining lease term.
(4) The Company does not account for COVID-19 rent deferrals that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition does not change, and Receivables, net increases for the deferred amount.
(5) Includes $2.7 million and $4.5 million of out-of-period cash received on rent deferrals (not lease modifications) and unaddressed (under negotiation) revenues deemed uncollectible, respectively.
(6) Includes a $2.9 million out-of-period additional reserve reduction on unaddressed (under negotiation) revenues deemed uncollectible, partially offset by a $1.9 million out-of-period additional reserve on rent deferrals (not lease modifications) revenues deemed uncollectible.
(7) The Company did not observe significant differences in billed based rent collection percentages between the Same Property pool and the Total Portfolio through September 30, 2021.






Supplemental Disclosure - Three Months Ended September 30, 2021
Page 11
image4.jpg



SUPPLEMENTAL COVID-19 DISCLOSURE
Unaudited, dollars in thousands



billedcharts.jpg




Supplemental Reserve Information (1)Fifteen Months Ended 6/30/21Three Months Ended 9/30/21Eighteen Months Ended 9/30/21
Reserves on uncollected base rent
Accrued but uncollected base rent$44,540 $5,969 $50,509 
Revenues deemed uncollectible - base rent41,415 93.0 %4,663 78.1 %46,078 91.2 %
Reserves on uncollected and unaddressed (under negotiation) base rent
Accrued but uncollected and unaddressed (under negotiation) base rent$26,797 $5,599 $32,396 
Revenues deemed uncollectible - accrued but uncollected and unaddressed (under negotiation) rent adjusted for out-of-period activity25,717 96.0 %4,356 77.8 %30,073 92.8 %
Reserves on deferred base rent
Rent deferrals, net (not lease modifications) adjusted for out-of-period activity$17,743 $370 $18,113 
Revenues deemed uncollectible - rent deferrals (not lease modifications) adjusted for out-of-period activity15,698 88.5 %307 83.0 %16,005 88.4 %
(1) Amounts are as of September 30, 2021 and do not reflect rent deferral or abatement agreements executed or cash collected subsequent to September 30, 2021.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 12
image4.jpg



SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
Three Months EndedNine Months Ended
9/30/219/30/20Change9/30/219/30/20Change
Same Property NOI Analysis
Number of properties373 373 — 371 371 — 
Percent billed88.1 %88.1 %— %88.2 %88.2 %— %
Percent leased91.5 %91.3 %0.2 %91.6 %91.5 %0.1 %
Revenues
Base rent$203,008 $199,618 $597,873 $600,333 
Expense reimbursements60,585 59,041 179,829 177,524 
Revenues deemed uncollectible3,756 (20,932)1,748 (52,711)
Ancillary and other rental income / Other revenues5,171 4,145 17,306 13,728 
Percentage rents887 594 4,503 3,395 
273,407 242,466 12.8 %801,259 742,269 7.9 %
Operating expenses
Operating costs(31,907)(25,027)(88,922)(76,979)
Real estate taxes(38,747)(40,427)(120,160)(119,783)
(70,654)(65,454)7.9 %(209,082)(196,762)6.3 %
Same property NOI $202,753 $177,012 14.5 %$592,177 $545,507 8.6 %
NOI margin74.2 %73.0 %73.9 %73.5 %
Expense recovery ratio85.7 %90.2 %86.0 %90.2 %
Percent Contribution to Same Property NOI Performance:
ChangePercent ContributionChangePercent Contribution
Base rent - excluding COVID-19 rent deferrals (lease modifications) and rent abatements$450 0.2 %$(2,603)(0.5)%
Base rent - COVID-19 rent deferrals (lease modifications) and rent abatements2,940 1.7 %143 0.0 %
Revenues deemed uncollectible24,688 13.9 %54,459 10.0 %
Net expense reimbursements(3,656)(2.1)%(10,015)(1.8)%
Ancillary and other rental income / Other revenues1,026 0.6 %3,578 0.7 %
Percentage rents293 0.2 %1,108 0.2 %
14.5 %8.6 %
Reconciliation of Net Income to Same Property NOI
Same property NOI$202,753 $177,012 $592,177 $545,507 
Adjustments:
Non-same property NOI6,004 8,339 22,668 28,575 
Lease termination fees1,999 1,394 7,456 4,528 
Straight-line rental income, net4,951 (2,974)10,627 (11,533)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements1,974 3,281 6,326 9,802 
Straight-line ground rent expense(32)(35)(120)(105)
Depreciation and amortization(81,724)(87,488)(246,356)(251,334)
Impairment of real estate assets— (5,746)(1,898)(16,306)
General and administrative(25,309)(27,748)(76,415)(74,781)
Total other expense(64,471)(38,091)(125,521)(137,584)
Net income$46,145 $27,944 $188,944 $96,769 

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 13
image4.jpg



CAPITAL EXPENDITURES
Unaudited, dollars in thousands
Three Months EndedNine Months Ended
9/30/219/30/209/30/219/30/20
Leasing related:
Tenant improvements and tenant inducements$11,797 $8,950 $37,679 $35,954 
External leasing commissions2,316 921 7,859 3,296 
14,113 9,871 45,538 39,250 
Maintenance capital expenditures16,121 7,058 32,389 22,589 
Total leasing related and maintenance capital expenditures$30,234 $16,929 $77,927 $61,839 
Value-enhancing:
Anchor space repositionings$11,757 $10,774 $34,209 $30,376 
Outparcel developments3,040 2,639 7,559 9,772 
Redevelopments24,683 24,555 79,443 76,346 
New development58 52 326 775 
Other (1)4,106 5,399 6,982 15,837 
Total value-enhancing capital expenditures$43,644 $43,419 $128,519 $133,106 
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades and solar array installations.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 14
image4.jpg



CAPITALIZATION, LIQUIDITY & DEBT RATIOS
Unaudited, dollars and shares in thousands except per share amounts
As ofAs of
9/30/2112/31/20
Equity Capitalization:
Common shares outstanding296,988 296,494 
Common share price$22.11 $16.55 
Total equity capitalization$6,566,405 $4,906,976 
Debt:
Revolving credit facility$— $— 
Term loans300,000 650,000 
Unsecured notes4,868,453 4,518,453 
Total principal debt 5,168,453 5,168,453 
Add: Net unamortized premium27,366 31,390 
Less: Deferred financing fees(32,444)(32,513)
Total debt5,163,375 5,167,330 
Less: Cash, cash equivalents and restricted cash (404,364)(370,087)
Net debt $4,759,011 $4,797,243 
Total market capitalization$11,325,416 $9,704,219 
Liquidity:
Cash and cash equivalents and restricted cash $404,364 $370,087 
Available under revolving credit facility (1)1,249,252 1,244,768 
$1,653,616 $1,614,855 
Ratios:
Principal debt to total market capitalization45.6 %53.3 %
Principal debt to total assets, before depreciation46.4 %47.0 %
Unencumbered assets to unsecured debt2.2x2.1x
Net principal debt to Adjusted EBITDA, current quarter annualized (2)6.2x6.9x
Net principal debt to Adjusted EBITDA, trailing twelve months (2)6.4x7.0x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense)3.9x3.4x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense)3.7x3.4x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments))3.9x3.4x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments))3.7x3.4x
As ofAs of
9/30/2112/31/20
Percentage of total debt: (3)
Fixed95.2 %98.1 %
Variable4.8 %1.9 %
Unencumbered summary:
Percent of properties, ABR and NOI100.0 %100.0 %
Weighted average maturity (years):
Fixed6.0 5.5 
Variable0.3 1.1 
Total5.7 5.4 
Credit Ratings & Outlook: (4)
Fitch RatingsBBB-Stable
Moody's Investors ServiceBaa3Stable
Standard & Poor's Ratings ServicesBBB-Stable
(1) Funds available under the revolving credit facility are reduced by four outstanding letters of credit totaling $0.7 million.
(2) Net principal debt is as of the end of each specified period.
(3) Includes the impact of the Company's interest rate swap agreements.
(4) As of November 1, 2021.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 15
image4.jpg



DEBT OBLIGATIONS
Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
YearMaturitiesWeighted Average Stated Interest Rate (1)
2021$— — 
2022250,000 1.18 %
2023— — 
2024800,000 3.73 %
2025700,000 3.85 %
2026607,542 4.17 %
2027400,000 3.90 %
2028357,708 2.35 %
2029753,203 4.14 %
2030+1,300,000 3.45 %
Total Debt Obligations$             5,168,453 3.58 %
Net unamortized premium27,366 
Deferred financing costs (32,444)
Debt Obligations, Net$             5,163,375 

Summary of Outstanding Debt Obligations
OutstandingWeighted AverageMaturityPercent of
LoanPrincipal BalanceStated Interest Rate (1)DateTotal Indebtedness
Fixed Rate Debt:
Unsecured Term Loans
Term Loan Facility - $300,000 (2)$300,000 3.86 %7/26/245.80 %
Unsecured Notes
3.65%, 2024 Brixmor OP Notes500,000 3.65 %6/15/249.68 %
3.85%, 2025 Brixmor OP Notes700,000 3.85 %2/1/2513.54 %
4.13%, 2026 Brixmor OP Notes600,000 4.13 %6/15/2611.61 %
7.97%, 2026 Brixmor LLC Notes 694 7.97 %8/14/260.01 %
7.65%, 2026 Brixmor LLC Notes 6,100 7.65 %11/2/260.12 %
7.68%, 2026 Brixmor LLC Notes I 748 7.68 %11/2/260.01 %
3.90%, 2027 Brixmor OP Notes400,000 3.90 %3/15/277.74 %
6.90%, 2028 Brixmor LLC Notes I2,222 6.90 %2/15/280.04 %
6.90%, 2028 Brixmor LLC Notes II5,486 6.90 %2/15/280.11 %
2.25%, 2028 Brixmor OP Notes350,000 2.25 %4/1/286.77 %
4.13%, 2029 Brixmor OP Notes750,000 4.13 %5/15/2914.51 %
7.50%, 2029 Brixmor LLC Notes 3,203 7.50 %7/30/290.06 %
4.05%, 2030 Brixmor OP Notes800,000 4.05 %7/1/3015.48 %
2.50%, 2031 Brixmor OP Notes500,000 2.50 %8/16/319.68 %
Total Fixed Rate Unsecured Notes4,618,453 3.69 %89.36 %
Total Fixed Rate Debt$4,918,453 3.70 %95.16 %
Variable Rate Debt:
Unsecured Notes
2022 Brixmor OP Notes$250,000 1.18 %2/1/224.84 %
Total Variable Rate Debt$250,000 1.18 %4.84 %
Total Debt Obligations$5,168,453 3.58 %100.00 %
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective January 2, 2019, the Term Loan Facility - $300,000 is swapped from one-month LIBOR to a fixed, combined rate of 2.611% (plus a spread of 125 basis points) through July 26, 2024.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 16
image4.jpg



COVENANT DISCLOSURE
Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants9/30/21
I. Aggregate debt test < 65%47.5 %
Total Debt5,163,375 
Total Assets10,876,543 
II. Secured debt test (1)< 40%N/A
Total Secured Debt (1)— 
Total Assets10,876,543 
III. Unencumbered asset ratio > 150%210.6 %
Total Unencumbered Assets10,876,543 
Unsecured Debt5,163,375 
Prior Twelve MonthsPrior Six Months, Annualized
IV. Debt service test (2) > 1.5x3.6 x3.8 x
Consolidated EBITDA740,737 766,396 
Annual Debt Service Charge203,990 202,560 
(1) The Company had no secured debt as of September 30, 2021.
(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
Covenants9/30/21
 I. Leverage ratio < 60% 38.3 %
Total Outstanding Indebtedness5,168,453 
Balance Sheet Cash (1)405,788 
Total Asset Value12,443,308 
II. Secured leverage ratio (2)< 40%N/A
Total Secured Indebtedness (2)— 
Balance Sheet Cash (1)405,788 
Total Asset Value12,443,308 
III. Unsecured leverage ratio < 60% 38.3 %
Total Unsecured Indebtedness5,168,453 
Unrestricted Cash (3)398,622 
Unencumbered Asset Value12,443,308 
IV. Fixed charge coverage ratio > 1.5x 3.9 x
Total Net Operating Income808,256 
Capital Expenditure Reserve10,157 
Fixed Charges203,156 
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash and certain Marketable securities.
(2) The Company had no secured indebtedness as of September 30, 2021.
(3) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the unsecured credit facility covenant calculations and definitions of capitalized terms please refer to Amendment No. 1 to the Second Amended and Restated Revolving Credit and Term Loan Agreement, dated as of April 29, 2020 filed as Exhibit 10.1 to Form 8-K, filed with the Securities and Exchange Commission on May 1, 2020.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 17
image4.jpg



>INVESTMENT SUMMARY
Supplemental Disclosure
Three Months Ended September 30, 2021





ACQUISITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Purchase Date
Purchase Price
GLA / Acres
Percent Leased
ABR PSF (1)Major Tenants (2)
Three Months Ended March 31, 2021
Land at Ellisville Square (3)St. Louis, MO-IL1/6/21$1,965 3.3 acres
-
-
-
Outparcel adjacent to Cobblestone VillageJacksonville, FL2/16/211,465 5,040 
-
-
-
Land associated with Westgate PlazaSpringfield, MA3/16/21190 21.0 acres
-
-
-
$3,620 5,040 SF /
24.3 acres
Three Months Ended June 30, 2021
Center of Bonita SpringsCape Coral-Fort Myers, FL4/20/21$48,500 281,394 93.6 %$13.38 Publix, Anthony's Ladies Apparel, Bealls Outlet|Home Centric, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery
Champlin MarketplaceMinneapolis-St. Paul-Bloomington, MN-WI6/15/2115,450 91,970 100.0 %13.41 Cub Foods (United Natural Foods Inc.)
$63,950 373,364 
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2021$67,570 378,404 SF /
24.3 acres
(1) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(2) Major tenants exclude non-owned major tenants.
(3) Brixmor terminated a ground lease and acquired a land parcel.



Supplemental Disclosure - Three Months Ended September 30, 2021
Page 19
image4.jpg



DISPOSITIONS
Dollars in thousands, except ABR PSF
Property Name
MSA
Sale Date
Sale Price
GLA /
Acres (1)
Percent Leased (1)ABR
PSF (1)(2)
Major Tenants (1)(3)
Three Months Ended March 31, 2021
Crossroads - Walmart Supercenter (4)Charlotte-Concord-Gastonia, NC-SC1/5/21$7,876 193,513 100.0 %$2.81 Walmart Supercenter
Miracle Mile Shopping Plaza - Wendy's (4)Toledo, OH2/3/211,100 3,060 100.0 %17.97 Wendy's
Braes Oaks CenterHouston-The Woodlands-Sugar Land, TX2/9/214,810 42,567 90.9 %7.49 -
The Pines Shopping CenterAlexandria, LA2/12/218,600 179,039 71.4 %7.43 Super 1 Foods, Ollie's Bargain Outlet
The Centre at NavarroVictoria, TX2/12/215,212 51,542 95.1 %15.02 ALDI, Planet Fitness
Albany PlazaAlbany, GA3/24/213,348 114,169 80.9 %6.71 Harveys (Southeastern Grocers), OK Beauty & Fashions Outlet
Westgate - McDonald's (4)Dublin, GA3/29/21871 3,744 100.0 %N/AMcDonald's
Hunting Hills - Valvoline (4)Roanoke, VA3/31/211,350 1,668 100.0 %N/AValvoline
$33,167 589,302 
Three Months Ended June 30, 2021 (5)
Erie Canal - Starbucks / T-Mobile (4)Syracuse, NY4/1/21$3,908 5,000 100.0 %$51.40 Starbucks, T-Mobile
Berkshire Crossing - Chili's (4)Pittsfield, MA4/1/211,846 4,500 100.0 %N/AChili's
Jefferson ParkMount Pleasant, TX4/6/2110,100 130,096 100.0 %7.55 Super 1 Foods, Harbor Freight Tools, PetSense
Haymarket Mall - UnityPoint Clinic Urgent Care (4)Des Moines-West Des Moines, IA4/16/211,075 12,000 100.0 %5.58 UnityPoint Clinic Urgent Care
Bedford Grove - Vacant Building (4)Manchester-Nashua, NH5/10/218,100 119,097 — %N/A-
Arbor - Broadway Faire - Buffalo Wild Wings (4)Fresno, CA6/8/212,500 6,195 100.0 %24.21 Buffalo Wild Wings
Winwood Town CenterOdessa, TX6/9/2141,900 372,534 100.0 %14.22 H-E-B, dd's Discounts (Ross), Michaels, Office Depot, Party City, Ross Dress for Less, Target
$69,429 649,422 
Three Months Ended September 30, 2021
Miracle Mile Shopping Plaza - McDonald's (4)Toledo, OH7/16/21$1,538 3,500 100.0 %$18.68 McDonald's
Brandt Pike Place - Land Parcel (4)Dayton-Kettering, OH8/16/21525 1.9 acresN/AN/A-
Commerce CentralTullahoma-Manchester, TN8/24/215,250 36,000 82.5 %15.08 Dollar Tree
Lincoln PlazaFort Wayne, IN9/10/213,579 98,288 58.3 %6.90 Kroger
Cedar PlazaCedartown, GA9/13/218,465 83,300 100.0 %8.82 Kroger, Planet Fitness
Ross Plaza - Chase Bank (4)Tampa-St. Petersburg-Clearwater, FL9/30/21960 4,500 100.0 %12.83 Chase Bank
Westgate - Dunkin' Donuts (4)Dublin, GA9/30/21884 2,200 100.0 %25.30 Dunkin' Donuts
Haymarket Mall - Chick-fil-A (4)Des Moines-West Des Moines, IA9/30/211,838 4,877 100.0 %N/AChick-fil-A
Crossroads - Tractor Supply Company (4)Charlotte-Concord-Gastonia, NC-SC9/30/212,493 18,750 100.0 %9.49 Tractor Supply Company
$25,532 251,415 / 1.9 acres
TOTAL - NINE MONTHS ENDED SEPTEMBER 30, 2021$128,128 1,490,139 / 1.9 acres
(1) Data presented is as of the quarter end prior to the sale date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
(4) Represents partial sale of property. Data presented reflects only the portion of property sold.
(5) In addition, on May 21, 2021, Brixmor received $350 to terminate its underlying ground lease rights and corresponding leasehold interest with Chick-fil-A at Kingston Overlook in Knoxville, TN.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 20
image4.jpg



.
ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands
Property Name
MSA
Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2021
Seacoast Shopping CenterBoston-Cambridge-Newton, MA-NHRemerchandise former NH1 Motorsports with a 25K SF The Zoo Health Club and additional retailers
Parkway PlazaNew York-Newark-Jersey City, NY-NJ-PACombine former Minado Restaurant and Stew Leonard's Wine & Spirits for a 22K SF Aldi
In Process Projects
Springdale - Phase IIIMobile, ALRemerchandise former Burlington Stores (relocated within center) with a 46K SF Conn's HomePlus, a 27K SF Crunch Fitness, a 14K SF Fresenius Medical Care and additional retailers
Aurora PlazaDenver-Aurora-Lakewood, COCombine former Gen-X and Techno Rescue for a 48K SF Chuze Fitness
Coconut Creek PlazaMiami-Fort Lauderdale-Pompano Beach, FLCombine several small shop spaces for a 13K SF Wellmax Medical Center
Elk Grove Town CenterChicago-Naperville-Elgin, IL-IN-WICombine several small shop spaces for a 10K SF Dollar Tree and a 3K SF Athletico Physical Therapy
Westridge CourtChicago-Naperville-Elgin, IL-IN-WICombine several small shop spaces for a 14K SF La-Z-Boy Furniture
Market CentreElkhart-Goshen, INRemerchandise former Sam's Club with a 40K SF Burlington Stores and a 23K SF Ross Dress for Less
Hampton Village CentreDetroit-Warren-Dearborn, MIRemerchandise former Best Buy with a 41K SF grocer and a 5K SF My Salon Suites
10 Hamilton PlazaTrenton-Princeton, NJRemerchandise former Kmart with a 21K SF Grocery Outlet, a 16K SF Rothman Orthopaedic Institute, a 10K SF Dollar Tree and additional retailers
11 College PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former Bob’s Stores with a 31K SF Wren Kitchens
12 Suffolk PlazaNew York-Newark-Jersey City, NY-NJ-PARemerchandise former A&P with a 43K SF grocer and a 14K SF Five Below
13 Garner Towne SquareRaleigh-Cary, NCRemerchandise former grocer with a 30K SF Lidl, a 15K SF Harbor Freight Tools and additional retailers
14 Florence Plaza - Florence Square - Project ICincinnati, OH-KY-INRightsize existing T.J.Maxx / HomeGoods combo store to 48K SF to accommodate an additional junior anchor
15 Warminster Towne Center - Project IIPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRemerchandise former AC Moore with a 23K SF Sportsman's Warehouse
16 Dickson City CrossingsScranton--Wilkes-Barre, PARemerchandise former Dick's Sporting Goods with a 41K SF Burlington Stores and an additional junior anchor
Number of ProjectsNet Estimated Costs (1)Gross Costs to DateExpected NOI Yield (1)
Total In Process16 $75,450 $46,000 8% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During The Three Months Ended September 30, 2021
Annex of ArlingtonChicago-Naperville-Elgin, IL-IN-WIRelocate and expand Binny’s Beverage Depot to 34K SF, replacing a former hhgregg, and remerchandise former Binny’s Beverage Depot with additional retailers
Lynn MarketplaceBoston-Cambridge-Newton, MA-NHRemerchandise former Shaw’s with a 23K SF Stop And Compare grocer, a 20K SF Crunch Fitness and a 3K SF small shop space
Wendover PlaceGreensboro-High Point, NCRemerchandise former Pier 1 with a 10K SF Ulta
Belfair Towne VillageHilton Head Island-Bluffton, SCRemerchandise former Steinmart with a 33K SF K1 Speed
Crossroads Centre - PasadenaHouston-The Woodlands-Sugar Land, TXRemerchandise and expand former Sears Outlet with a 34K SF LA Fitness and additional small shop space
Projects Stabilized During The Six Months Ended June 30, 2021
Gateway Plaza - VallejoVallejo, CARemerchandise former Toys"R"Us with a 45K SF LA Fitness
North Dover CenterDover, DERemerchandise former Toys"R"Us with a 33K SF Bob's Discount Furniture
Coastal Way - Coastal LandingTampa-St. Petersburg-Clearwater, FLRemerchandise former hhgregg with a 22K SF HomeGoods
Marketplace @ 42Minneapolis-St. Paul-Bloomington, MN-WIRemerchandise and expand former Famous Footwear with a 10K SF Dollar Tree
10 Sun Ray Shopping CenterMinneapolis-St. Paul-Bloomington, MN-WICombine several small shop spaces for a 19K SF BioLife Plasma Services
11 Willow Springs PlazaManchester-Nashua, NHRemerchandise former JCPenney with a 27K SF Patel Brothers grocer
12 Valley CrossingHickory-Lenoir-Morganton, NCRemerchandise former Fallas with a 17K SF American Freight Furniture
13 Southland Shopping CenterCleveland-Elyria, OHRemerchandise former Aspire Fitness with a 29K SF UFC Gym
14 Warminster Towne Center - Project IPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRemerchandise former Modell's Sporting Goods with a 17K SF Harbor Freight Tools
15 Northtown PlazaHouston-The Woodlands-Sugar Land, TXRemerchandise remaining 23K SF portion of a former Fallas Paredes with a Crazy Boss Big Discount Store
Number of ProjectsNet Project
Costs (1)
NOI Yield (1)
Total Stabilized15 $30,800 16 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
Due to COVID-19, there is inherent uncertainty as it relates to the Company's anchor space repositioning projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that
the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to
the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 21
image4.jpg



OUTPARCEL DEVELOPMENT SUMMARY
Dollars in thousands
 Net
 Gross
Stabilization
 Estimated
 Costs
Expected
Property Name
MSA
Project Description
Quarter
 Costs (1)
 to Date
NOI Yield (1)
IN PROCESS OUTPARCEL DEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended September 30, 2021
1Marketplace at Wycliffe (2)Miami-Fort Lauderdale-Pompano Beach, FLConstruction of a 2K SF KFCSep-22$250 $200 44 %
2The Commons at Wolfcreek - Project IIMemphis, TN-MS-ARConstruction of a 2K SF WhataburgerSep-22300 100 61 %
In Process Projects
3County Line Plaza (3)Philadelphia-Camden-Wilmington, PA-NJ-DE-MDConstruction of a 3K SF American Family Care and a 2K SF ChipotleDec-21400 1,650 13 %
4Whitemarsh Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDConstruction of a 9K SF multi-tenant outparcel, including a 3K SF American Family Care and a 3K SF Orangetheory FitnessDec-214,750 4,450 %
5Plaza by the SeaLos Angeles-Long Beach-Anaheim, CAConstruction of a 4K SF multi-tenant outparcel, including a 2K SF Plant Power Fast Food and a 2K SF Handel's Homemade Ice CreamMar-222,900 850 %
6Tri-City PlazaBoston-Cambridge-Newton, MA-NHConstruction of a 4K SF Aspen DentalJun-221,650 1,100 %
7Rose PavilionSan Francisco-Oakland-Berkeley, CAConstruction of a 2K SF Taco BellSep-22300 200 18 %
8Market CentreElkhart-Goshen, INConstruction of a 10K SF multi-tenant outparcel, including a 5K SF Panera, a 2K SF GNC and a 1K SF Cricket WirelessSep-223,050 2,650 %
9Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 5K SF multi-tenant outparcel, including a 3K SF Shake ShackSep-223,100 2,700 14 %
10Plaza Rio VistaRiverside-San Bernardino-Ontario, CAConstruction of a 4K SF Quick Quack Car WashDec-22750 100 16 %
11Westgate PlazaSpringfield, MAConstruction of a 20K SF Aldi and 2K SF PopeyesDec-222,500 950 %
12Capitol Shopping CenterConcord, NHConstruction of a 6K SF 110 Grill, an 8K SF multi-tenant building and a 2K SF drive thruDec-225,000 300 %
13Nesconset Shopping CenterNew York-Newark-Jersey City, NY-NJ-PAConstruction 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-234,750 1,050 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$29,700 $16,300 10 %
Stabilization
Net Project
Property Name
MSA
Project Description
Quarter
 Costs (1,4)NOI Yield (1,4)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During The Three Months Ended September 30, 2021
1Hamilton PlazaTrenton-Princeton, NJConstruction of a 6K SF multi-tenant outparcel, including a 4K SF American Family Care and a 2K SF StarbucksSep-21$2,700 %
2Bethel Park Shopping CenterPittsburgh, PAConstruction of a 4K SF Chase BankSep-21300 26 %
3The Commons at Wolfcreek - Project IMemphis, TN-MS-ARRelocation of Chick-fil-A to an existing outparcel to accommodate construction of a multi-tenant outparcel including a 4K SF Aspen Dental and a 3K SF Sleep NumberSep-212,500 23 %
4Watson Glen Shopping CenterNashville-Davidson--Murfreesboro--Franklin, TNConstruction of a 2K SF Chase BankSep-21100 28 %
Projects Stabilized During The Six Months Ended June 30, 2021
5Speedway Super CenterIndianapolis-Carmel-Anderson, INConstruction of a 4K SF Bank of AmericaJun-21300 52 %
6West Loop Shopping CenterManhattan, KSConstruction of a 4K SF Tommy's Car Wash and 1K SF Scooter's CoffeeJun-21150 29 %
7Brentwood PlazaCincinnati, OH-KY-INConstruction of a 2K SF Bank of AmericaJun-21100 119 %
8Arapahoe CrossingDenver-Aurora-Lakewood, COConstruction of a 4K SF Bank of AmericaMar-21400 49 %
9Westwind PlazaMinneapolis-St. Paul-Bloomington, MN-WIConstruction of a 4K SF Chase BankMar-211,050 14 %
10Rockland PlazaNew York-Newark-Jersey City, NY-NJ-PAConstruction of a 5K SF multi-tenant outparcel, including a 3K SF Shake Shack and a 2K SF ChipotleMar-214,500 %
11Brice ParkColumbus, OHConstruction of an 11K SF SheetzMar-21100 161 %
12Park Hills PlazaAltoona, PAConstruction of a 10K SF multi-tenant outparcel, including a 3K SF Sleep Number, a 2K SF Kay Jewelers, a 2K SF Starbucks, a 1K SF Lettuce Bowl Café and a 1K SF Sports ClipsMar-213,900 %
13Tuckernuck SquareRichmond, VAConstruction of a 2K SF StarbucksMar-211,400 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$17,500 14 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude $0.6 million of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude $1.8 million of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's outparcel development projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 22
image4.jpg



REDEVELOPMENT SUMMARY
Dollars in thousands
Net
Gross
Expected
Property
Stabilization
Estimated
Costs
NOI
Property Name
MSA
Project Description
Acreage
Quarter
Costs (1)
to Date
Yield (1)
IN PROCESS REDEVELOPMENTS
In Process Projects
Freedom SquareNaples-Marco Island, FLRemerchandise former Kmart with a 35K SF Burlington Stores, a 30K SF HomeGoods, a 20K SF Planet Fitness and additional small shop space; shopping center upgrades including façade renovations and landscaping22Dec-21$11,500 $7,700 11 %
Village at Newtown (2)Philadelphia-Camden-Wilmington, PA-NJ-DE-MDExpansion and renovation of center including 60K SF of new construction, including a 10K SF Ulta; remerchandise existing small shop retail; and shopping center upgrades including façade, common areas and infrastructure enhancements30Dec-2139,150 35,950 %
Tinley Park Plaza (3)Chicago-Naperville-Elgin, IL-IN-WIDemolish 80K SF of structurally obsolescent anchor space to accommodate construction of a 38K SF grocer, a 25K SF Burlington Stores and additional retailers; renovate and remerchandise 13K SF of retail space; and shopping center upgrades including façade and parking renovations, and new pylon signs, landscaping and irrigation22Jun-2220,350 14,850 13 %
Laurel SquareNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former Pathmark to accommodate a 30K SF Corrado’s Market and additional retail space; combine small shop spaces for a 10K SF Dollar Tree; upgrade and remerchandise existing outparcel building; and shopping center upgrades including façade renovations, parking enhancements and pylon sign upgrades31Jun-2212,550 5,250 10 %
Wynnewood Village - Phase IIIDallas-Fort Worth-Arlington, TXRelocation and expansion of existing Gambro Healthcare to 14K SF and Mi Doctor to 12K SF; remerchandise existing space with a 15K SF Kid's Empire and a 12K SF Five Below; and shopping center upgrades including façade renovations and parking enhancements65Jun-227,450 3,750 %
Braes HeightsHouston-The Woodlands-Sugar Land, TXExpansion of existing My Salon Suite to 14K SF; remerchandise shopping center with new relevant retailers; and shopping center upgrades including full center façade renovation, parking reconfiguration, pylon sign improvements and new landscaping6Jun-228,650 6,150 %
Jester VillageHouston-The Woodlands-Sugar Land, TXRecapture and redevelopment of former H-E-B and adjacent junior anchor vacancy with a 37K SF fitness tenant and additional retailers; and shopping center upgrades including façade and parking renovations5Jun-229,400 8,700 %
Village at Mira Mesa - Phase II (4)San Diego-Chula Vista-Carlsbad, CARaze existing 6K SF Firestone and 16K SF of outparcel buildings to accommodate construction of three retail and restaurant outparcels totaling 24K SF, including a 4K SF Mo-Mo-Paradise, a 4K SF Time Warner, a 2K SF Sunmerry Bakery and additional small shop space36Sep-2212,650 8,700 %
Venice VillageNorth Port-Sarasota-Bradenton, FLDemolish and rebuild 30-year old 42K SF Publix with a 48K SF Publix prototype; right-size small shop GLA by 3K SF; shopping center upgrades include façade, landscaping and parking enhancements and sustainable features including LED lighting18Sep-229,450 3,700 10 %
10 Stewart PlazaNew York-Newark-Jersey City, NY-NJ-PARedevelopment and rightsize of existing Burlington Stores to 64K SF to accommodate addition of a 75K SF Floor & Décor; remerchandise additional small shop space with new relevant retailers; and shopping center upgrades including façade renovations, parking and pylon sign enhancements13Sep-2215,150 8,500 10 %
11 Westminster City CenterDenver-Aurora-Lakewood, CORelocation and expansion of existing Golf Galaxy to 43K SF in former Babies"R"Us location; backfill of former Golf Galaxy with an entertainment user; remerchandise former Dress Barn with a 9K SF Five Below; addition of a 6K SF Seo's Martial Arts; redevelopment of former Gordmans with a 25K SF buybuy Baby and an additional junior anchor retailer; and remerchandise existing outparcels with a 6K SF Sola Salon Suites and a 6K SF Hook & Reel27Dec-2212,250 5,900 %
12 Tyrone GardensTampa-St. Petersburg-Clearwater, FLDemolish 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 improvements16Dec-226,350 250 %
13 Speedway Super Center - Phase IIIndianapolis-Carmel-Anderson, INRedevelopment and rightsize of existing Kohl's to 60K SF to accommodate additional retailers; combine small shop spaces for a 12K SF Department of Motor Vehicles; and shopping center upgrades including façade renovations and parking and lighting enhancements66Dec-227,700 4,250 10 %
14 Fox RunWashington-Arlington-Alexandria, DC-VA-MD-WVRedevelopment of former Kmart and Peebles with a 38K SF Big Lots, a 19K SF Planet Fitness, an 18K SF additional junior anchor, a 10K SF Ulta, a 9K SF Five Below and additional retailers; construction of two stand-alone outparcel buildings and one multi-tenant building; and shopping center upgrades including new pylon signage, landscaping and parking enhancements30Dec-2221,100 12,450 %
15 Old Bridge GatewayNew York-Newark-Jersey City, NY-NJ-PARedevelopment of former Modell's Sporting Goods and adjacent retail space with a 38K SF grocer; lease-up of additional small shop space; and shopping center upgrades, including façade renovations, landscaping and parking reconfiguration23Dec-2210,850 7,900 %
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 23
image4.jpg



REDEVELOPMENT SUMMARY
Dollars in thousands
Net
Gross
Expected
Property
Stabilization
Estimated
Costs
NOI
Property Name
MSA
Project Description
Acreage
Quarter
Costs (1)
to Date
Yield (1)
16 Jones PlazaHouston-The Woodlands-Sugar Land, TXRelocation and expansion of existing Aaron's to 14K SF to accommodate a 15K SF La Michoacana Meat Market grocer; and shopping center upgrades including façade renovations9Dec-222,150 1,200 15 %
17 Marco Town CenterNaples-Marco Island, FLRemerchandise 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 areas10Sep-2311,550 8,050 10 %
18 Pointe Orlando - Phase IOrlando-Kissimmee-Sanford, FLRemerchandise existing small shop retail with relevant retailers including an 11K SF Hampton Social and a 4K SF Hopdoddy Burger Bar; rebranding and reconfiguration of the center; and extensive shopping center upgrades including façade, landscaping and lighting upgrades and common area enhancements including public seating areas, addition of digital directories and kiosks and improved pedestrian plazas17Dec-2332,700 23,900 %
19 Wynnewood Village - Phase IVDallas-Fort Worth-Arlington, TXGround-up construction of a large-format retail use65Dec-236,500 1,250 %
20 Shops at Palm LakesMiami-Fort Lauderdale-Pompano Beach, FLRedevelopment of former Kmart for multiple retailers including a 41K SF LA Fitness, a 24K SF dd's Discounts and construction of multi-tenant outparcel developments; and shopping center upgrades including façade renovation, updates to storm water drainage and landscaping and new signage and lighting27Sep-2433,650 14,250 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
$291,100 $182,650 %
Property
Stabilization
Net Project
NOI
Property Name
MSA
Project Description
Acreage
Quarter
 Costs (1,5)Yield (1,5,)
STABILIZED REDEVELOPMENTS
Projects Stabilized During The Three Months Ended September 30, 2021
Cudahy PlazaLos Angeles-Long Beach-Anaheim, CARedevelopment of former Kmart with a 40K SF Chuze Fitness, a 25K SF Burlington Stores and additional retailers; and shopping center upgrades including façade renovations and new pylon signage9Sep-21$17,150 %
Western Hills PlazaCincinnati, OH-KY-INDemolish former Sears to accommodate construction of a 15K SF Old Navy, an 11K SF Ulta, a 4K SF Spectrum and a 2K SF Tropical Smoothie Cafe; construction of a multi-tenant outparcel building including a 3K SF Buff City Soap, a 3K SF Chicken Salad Chick and a 3K SF Sleep Outfitters; and shopping center upgrades including façade renovations, new pylon signage, landscaping and parking enhancements33Sep-2113,100 11 %
Projects Stabilized During The Six Months Ended June 30, 2021
Roseville CenterMinneapolis-St. Paul-Bloomington, MN-WIDemolish 26K SF of retail space to accommodate a 25K SF ALDI; reconfigure remaining underutilized small shop space; and shopping center upgrades including façade renovations, parking reconfiguration and common area enhancements6Jun-216,800 %
Collegetown Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of former Kmart with a 40K SF Big Lots, a 25K SF LIDL and a 22K SF Ross Dress for Less; construction of multiple outparcel buildings; and shopping center upgrades, including façade renovations, parking reconfiguration, and pylon sign and lighting enhancements23Mar-2115,550 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE$52,600 %
(1) Represents gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude $0.3 million of project specific credits (lease termination fees or other ancillary credits).
(3) Expected NOI yield includes amounts anticipated to be received as part of an executed tax increment financing (TIF) agreement, which may not fully materialize until after the expected stabilization date.
(4) Net project costs exclude $1.5 million 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.
Due to COVID-19, there is inherent uncertainty as it relates to the Company's redevelopment projects, specifically with respect to expected project scopes, expected stabilization dates and expected NOI yields.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 24
image4.jpg



FUTURE REDEVELOPMENT OPPORTUNITIES
Property NameMSAProject Description
MAJOR REDEVELOPMENTS
University MallSacramento--Roseville--Arden-Arcade, CAExtensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component
Village at Mira Mesa - Phase IIISan Diego-Carlsbad, CARedevelopment of existing anchor space for multiple retailers and potential residential rental component
Superior MarketplaceBoulder, CORedevelopment and repositioning of shopping center with multiple retailers, restaurants and/or multi-family or hospitality users
Mall at 163rd StreetMiami-Fort Lauderdale-West Palm Beach, FLExtensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space
Pointe Orlando - Phase IIOrlando-Kissimmee-Sanford, FLRedevelopment, densification and rebranding for multiple retailers, hospitality, and/or entertainment users
Northeast Plaza (1)Atlanta-Sandy Springs-Roswell, GARedevelopment and repositioning of shopping center including potential residential component
Westridge CourtChicago-Naperville-Elgin, IL-IN-WIRedevelopment of existing retail space to create entertainment / restaurant destination
Arborland CenterAnn Arbor, MIRedevelopment and repositioning of shopping center, densification of site
Richfield HubMinneapolis-St. Paul-Bloomington, MN-WIRedevelopment and repositioning of shopping center, densification of site
10 Kings Park PlazaNew York-Newark-Jersey City, NY-NJ-PARedevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
11 Rockland PlazaNew York-Newark-Jersey City, NY-NJ-PAExtensive redevelopment and repositioning of shopping center, multiple outparcel developments
12 Three Village Shopping CenterNew York-Newark-Jersey City, NY-NJ-PARedevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
13 Plymouth Square Shopping CenterPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment and remerchandising of shopping center
14 Roosevelt Mall - Future PhasesPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDExtensive repositioning and reconfiguration, densification of site
15 Market PlazaDallas-Fort Worth-Arlington, TXExtensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers
16 Preston Park VillageDallas-Fort Worth-Arlington, TXRepurpose, assemble and reposition for national retail merchandise mix, densification of site, enhancement of common areas
17 Wynnewood Village - Future PhasesDallas-Fort Worth-Arlington, TXRedevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
Springdale - Phase IVMobile, ALDensification of site, including a multi-tenant outparcel development
Venetian Isle Shopping CenterMiami-Fort Lauderdale-West Palm Beach, FLRedevelopment of existing anchor space for new anchor prototype, potential outparcel development
East Port PlazaPort St. Lucie, FLRedevelopment of existing anchor space for new anchor prototype
Mansell CrossingAtlanta-Sandy Springs-Roswell, GADensification of site, including multi-tenant outparcel development
The Village at MabletonAtlanta-Sandy Springs-Roswell, GARedevelopment of existing anchor space for multiple retailers
NorthsideDalton, GAReposition of former anchor which may include site densification with addition of outparcel pad development
WaterTower PlazaWorcester, MA-CTReposition of former anchor with major grocery tenant and spec space
Delta Center (1)Lansing-East Lansing, MIRedevelopment of existing anchor space for multiple retailers
Capitol Shopping CenterConcord, NHRedevelopment of existing anchor space for multiple retailers
10 Dalewood I, II & III Shopping CenterNew York-Newark-Jersey City, NY-NJ-PARemerchandise with relevant uses, façade renovation and enhancement of common areas
11 Middletown PlazaNew York-Newark-Jersey City, NY-NJ-PAReposition of former anchor outparcel and peripheral façade renovation
12 Morris Hills Shopping CenterNew York-Newark-Jersey City, NY-NJ-PADensification of site, including multi-tenant outparcel development, potential multi-family component
13 Bristol ParkPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDRedevelopment of existing anchor space, inline shop space and façade renovation
14 Valley FairPhiladelphia-Camden-Wilmington, PA-NJ-DE-MDReposition of former anchor and façade renovation
15 Hillcrest Market PlaceSpartanburg, SCRedevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas
(1) Indicates project added to the pipeline during the three months ended September 30, 2021.
The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend or defer the expected opportunity or timing of execution. While the Company believes that these projects are likely to become active in the
near-term, it should be noted that this list will fluctuate as projects become active, or are suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2020.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 25
image4.jpg



>PORTFOLIO SUMMARY
Supplemental Disclosure
Three Months Ended September 30, 2021




PORTFOLIO OVERVIEW
Dollars in thousands, except per square foot amounts


As of:
9/30/216/30/213/31/2112/31/209/30/20
Number of properties386 389 389 393 395 
GLA67,712,852 67,982,996 68,278,376 68,852,305 69,391,717 
Percent billed88.2%88.1%87.8%87.8%88.0%
Percent leased91.5%91.1%90.8%90.7%91.2%
TOTAL ≥ 10,000 SF94.2%94.0%93.8%93.8%94.4%
TOTAL < 10,000 SF85.7%84.8%84.2%83.8%84.3%
ABR$           888,875 $           880,335 $           875,388 $           875,925 $           882,718 
ABR PSF$               15.25 $               15.12 $               15.05 $               14.93 $               14.86 
PORTFOLIO BY UNIT SIZE AS OF 9/30/21
Number of
Units
GLAPercent of GLAPercent BilledPercent Leased ABRABR PSF
≥ 35,000 SF432 24,612,316 36.3%93.4%95.5%$           222,287 $               10.67 
20,000 - 34,999 SF512 13,443,967 19.9%90.0%93.8%139,087 11.16 
10,000 - 19,999 SF628 8,598,984 12.7%87.3%90.9%110,373 14.51 
5,000 - 9,999 SF1,121 7,728,279 11.4%83.0%87.4%119,965 18.58 
< 5,000 SF6,287 13,329,306 19.7%80.7%84.8%297,163 27.16 
TOTAL8,980 67,712,852 100.0%88.2%91.5%$           888,875 $               15.25 
TOTAL ≥ 10,000 SF1,572 46,655,267 68.9%91.3%94.2%$           471,747 $               11.53 
TOTAL < 10,000 SF7,408 21,057,585 31.1%81.5%85.7%417,128 23.98 
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 27
image4.jpg



PORTFOLIO COMPOSITION
ESSENTIAL, HYBRID AND OTHER RETAIL / SERVICES
Percent of Portfolio Leased GLA
chart-1e6ad7952ae940229f7.jpg
NATIONAL / REGIONAL AND LOCAL TENANTS (1)
Percent of Portfolio Leased GLA

chart-47469b1547b54569a04.jpg


ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA
chart-9d3909945ddf42759c8.jpg

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

Percent of Portfolio ABR
chart-b0eeae010d034319a4d.jpg

Percent of Portfolio ABR
chart-61bd7718fcee401eb77.jpg


Percent of Portfolio ABR

chart-4efe2ad8999b404ebc6.jpg

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


98% of 3Q21 billed base rent collected for National / Regional tenants and 94% of 3Q21 billed base rent collected for Local tenants as of 10/26/21

99% of 3Q21 billed base rent collected for Anchor tenants and 96% of 3Q21 billed base rent collected for Small Shop tenants as of 10/26/21
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 28
image4.jpg



\
MERCHANDISE MIX COMPOSITION
Dollars in thousands
Essential = 34% of ABRHybrid = 25% of ABROther Retail / Services = 41% of ABR

Essential / Hybrid = 59% of ABR
~70% of shopping centers are grocery-anchored
As of 10/26/21
Merchandise Mix ABRPercent of ABRPercent of 2Q20, 3Q20 and 4Q20 Billed Base Rent CollectedPercent of 1Q21 Billed Base Rent CollectedPercent of 2Q21 Billed Base Rent CollectedPercent of 3Q21 Billed Base Rent Collected
ESSENTIAL$298,220 34 %99 %99 %99 %99 %
Grocery / Pharmacy139,700 16 %100 %100 %100 %100 %
General Merchandise (Discount / Dollar)34,035 %99 %100 %100 %99 %
Financial services25,045 %100 %100 %100 %99 %
Pet25,034 %100 %99 %99 %100 %
Medical (essential)21,889 %99 %99 %100 %100 %
Home improvement15,457 %99 %100 %100 %100 %
Mail / Shipping and Other services14,802 %97 %97 %97 %98 %
Other Essential12,754 %100 %100 %100 %100 %
Auto9,504 %100 %100 %99 %97 %
HYBRID$221,508 25 %93 %95 %96 %97 %
Restaurants130,537 15 %90 %92 %95 %95 %
Electronics & Appliance26,940 %98 %99 %99 %98 %
Medical (hybrid)23,870 %98 %99 %100 %99 %
Hobby & Crafts17,173 %98 %99 %99 %100 %
Liquor8,919 %100 %100 %100 %99 %
Other Hybrid Services8,109 %99 %99 %99 %98 %
Other Hybrid Retail5,960 %91 %96 %97 %96 %
OTHER RETAIL / SERVICES$369,147 41 %89 %93 %96 %96 %
Other Services61,815 %92 %94 %96 %94 %
Off-Price Apparel59,385 %98 %100 %100 %99 %
Fitness / Sports48,751 %71 %87 %91 %94 %
Value Apparel, Shoes, Accessories44,149 %89 %95 %97 %98 %
Home Décor41,266 %95 %100 %100 %99 %
General Merchandise (Department, Gift, etc.)33,264 %95 %97 %97 %97 %
Other Retail33,028 %97 %99 %100 %100 %
Health & Beauty25,413 %95 %96 %98 %97 %
Entertainment22,076 %54 %49 %76 %84 %
TOTAL (1)$888,875 100 %94 %96 %97 %97 %
Rent deferrals, abatements and retro billing adjustments%%%%
Total addressed billed base rent98 %98 %98 %98 %

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 29
image4.jpg



TOP FORTY RETAILERS RANKED BY ABR
Dollars in thousands, except per square foot amounts
RetailerOwned Leases (1)Leased GLAPercent of GLAABRPercent of ABR ABR PSF
The TJX Companies, Inc. (2)86 2,616,139 3.9 %$30,832 3.5 %$11.79 
The Kroger Co. (3)45 3,051,735 4.5 %22,673 2.6 %7.43 
Burlington Stores, Inc.31 1,494,936 2.2 %16,260 1.8 %10.88 
Dollar Tree Stores, Inc. (4)126 1,464,461 2.2 %16,213 1.8 %11.07 
Publix Super Markets, Inc.30 1,339,750 2.0 %13,554 1.5 %10.12 
Ross Stores, Inc (5)36 959,060 1.4 %11,742 1.3 %12.24 
L.A Fitness International, LLC15 618,290 0.9 %11,451 1.3 %18.52 
Ahold Delhaize (6)20 1,059,637 1.6 %11,273 1.3 %10.64 
PetSmart, Inc.27 612,511 0.9 %9,305 1.0 %15.19 
10 Albertson's Companies, Inc (7)13 740,399 1.1 %8,977 1.0 %12.12 
429 13,956,918 20.7 %152,280 17.1 %10.91 
11 Big Lots, Inc.36 1,188,448 1.8 %8,373 0.9 %7.05 
12 PETCO Animal Supplies, Inc. (8)32 437,078 0.6 %7,758 0.9 %17.75 
13 Ulta Beauty, Inc.29 325,398 0.5 %7,445 0.8 %22.88 
14 Kohl's Corporation12 914,585 1.4 %7,253 0.8 %7.93 
15 Party City Holdco Inc.32 464,729 0.7 %6,804 0.8 %14.64 
16 The Michaels Companies, Inc.23 522,247 0.8 %6,543 0.7 %12.53 
17 Five Below, Inc.38 342,306 0.5 %6,449 0.7 %18.84 
18 Staples, Inc.24 496,575 0.7 %6,206 0.7 %12.50 
19 Bed Bath & Beyond, Inc. (9)23 553,560 0.8 %6,101 0.7 %11.02 
20 Office Depot, Inc. (10)21 459,486 0.7 %5,320 0.6 %11.58 
699 19,661,330 29.2 %220,532 24.7 %11.22 
21 Best Buy Co., Inc.11 437,660 0.6 %5,275 0.6 %12.05 
22 DICK's Sporting Goods, Inc. (11)10 384,141 0.6 %5,126 0.6 %13.34 
23 CVS Health15 222,799 0.3 %4,900 0.6 %21.99 
24 JOANN Stores, Inc.21 415,255 0.6 %4,775 0.5 %11.50 
25 Hobby Lobby Stores, Inc.12 671,397 1.0 %4,675 0.5 %6.96 
26 JP Morgan Chase & Co.28 100,343 0.1 %4,565 0.5 %45.49 
27 Wal-Mart Stores, Inc. (12)11 1,194,064 1.8 %4,552 0.5 %3.81 
28 Harbor Freight Tools24 413,648 0.6 %4,253 0.5 %10.28 
29 The Home Depot, Inc.428,868 0.6 %4,136 0.5 %9.64 
30 Gap, Inc. (13)13 215,422 0.3 %4,132 0.5 %19.18 
31 Designer Brands Inc. (DSW)13 256,901 0.4 %4,113 0.5 %16.01 
32 AMC Entertainment200,955 0.3 %3,579 0.4 %17.81 
33 Sally Beauty Holdings, Inc. (14)88 158,144 0.2 %3,578 0.4 %22.62 
34 Wakefern Food Corporation (15)267,832 0.4 %3,573 0.4 %13.34 
35 Bank of America, NA25 87,063 0.1 %3,495 0.4 %40.14 
36 Rainbow Shops34 252,722 0.4 %3,418 0.4 %13.52 
37 Southeastern Grocers (16)438,360 0.6 %3,312 0.4 %7.56 
38 Regal Entertainment Group (17)156,549 0.2 %3,223 0.4 %20.59 
39 Giant Eagle, Inc242,946 0.4 %3,164 0.4 %13.02 
40 Mattress Firm, Inc.24 151,124 0.2 %3,129 0.4 %20.70 
TOTAL TOP 40 RETAILERS1,057 26,357,523 38.9 %$301,505 34.1 %$11.44 
(1) Includes only locations which are owned or guaranteed by the parent company.(7) Includes Vons-3, Acme-2, Jewel-Osco-2, Tom Thumb-2, Albertsons-1, El Rancho (sublease)-1,(13) Includes Old Navy-11 and Gap Factory-2.
(2) Includes T.J. Maxx-35, Marshalls-34, HomeGoods-15, HomeSense-1 and Sierra Trading Post-1.Shop & Save Market-1, and Star Market-1.(14) Includes Sally Beauty-80, Cosmoprof-7 and Macon Beauty Systems-1.
(3) Includes Kroger-33, King Soopers-4, Harris Teeter-2, Ralphs-2, Dillons-1, Food 4 Less-1,(8) Includes PETCO-31 and Unleashed-1.(15) Includes ShopRite-3 and PriceRite-2.
Pay Less-1 and Pick 'N Save-1.(9) Includes Bed Bath & Beyond-14, Harmon Face Values-4, buybuy Baby-3,(16) Includes Winn-Dixie-6, BI-LO-1, Fresco y Más-1 and Harveys-1.
(4) Includes Dollar Tree-110, Family Dollar-15 and Deal$-1.and Cost Plus World Market (sublease)-2.(17) Includes Regal Cinemas-2 and United Artist Theatres-1.
(5) Includes Ross Dress for Less-32 and dd's Discounts-4.(10) Includes Office Depot-11 and OfficeMax-10.
(6) Includes Giant Food-6, Super Stop & Shop-6, Food Lion-4, Bottom Dollar Food-1, Hannaford-1,(11) Includes DICK'S Sporting Goods-6 and Golf Galaxy-4.
 Stop & Shop-1, and Tops Market-1.(12) Includes Supercenters-7, Discount Stores-2, and Walmart Neighborhood Market-2.
Excludes 4 leases that are signed but not commenced and subject to non-disclosure agreements with a retailer aggregating 161,083 SF and $2.8 million of ABR. In combination with commenced leases, the retailer's total GLA and ABR is 243,761 SF and $4.8 million, respectively.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 30
image4.jpg



NEW & RENEWAL LEASE SUMMARY
Dollars in thousands, except per square foot amounts

Tenant Improvements and Allowances PSFThird Party Leasing Commissions PSFWeighted Average Lease Term (years)
Comparable Only
Leases
GLA
New ABR
New ABR PSF
Leases
GLA
New ABR PSF
Old ABR PSF
Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 9/30/21386 2,770,003 $40,269 $14.54 $3.23 $1.43 6.0 285 2,352,283 $14.22 $12.85 10.7 %
Three months ended 6/30/21396 2,275,255 37,423 16.45 4.75 2.06 6.1 304 1,893,136 15.89 14.45 10.0 %
Three months ended 3/31/21392 2,130,048 35,558 16.69 4.59 1.60 5.6 309 1,717,603 16.94 15.88 6.7 %
Three months ended 12/31/20346 2,213,791 31,175 14.08 4.28 1.16 5.4 274 1,905,747 13.76 12.81 7.4 %
TOTAL - TWELVE MONTHS ENDED 9/30/211,520 9,389,097 $144,425 $15.38 $4.16 $1.56 5.8 1,172 7,868,769 $15.10 $13.89 8.7 %

NEW & RENEWAL LEASES ONLY
Three months ended 9/30/21332 1,719,493 $28,570 $16.62 $5.20 $2.31 6.6 231 1,301,773 $16.70 $14.87 12.3 %
Three months ended 6/30/21361 1,566,061 30,040 19.18 6.91 2.99 6.5 269 1,183,942 19.17 17.32 10.7 %
Three months ended 3/31/21355 1,409,570 26,461 18.77 6.94 2.42 6.0 272 997,125 20.05 18.73 7.0 %
Three months ended 12/31/20298 1,363,267 22,466 16.48 6.95 1.88 5.6 226 1,055,223 16.60 15.37 8.0 %
TOTAL - TWELVE MONTHS ENDED 9/30/211,346 6,058,391 $107,537 $17.75 $6.44 $2.42 6.2 998 4,538,063 $18.06 $16.47 9.7 %
NEW LEASES
Three months ended 9/30/21161 745,712 $13,001 $17.43 $9.62 $5.28 8.2 60 327,992 $18.82 $14.90 26.3 %
Three months ended 6/30/21163 700,175 13,639 19.48 14.44 6.45 9.3 75 328,891 19.93 16.64 19.8 %
Three months ended 3/31/21140 654,505 11,164 17.06 14.37 5.16 8.7 60 252,511 19.18 15.95 20.3 %
Three months ended 12/31/20138 560,349 9,709 17.33 15.79 4.54 8.0 67 258,887 18.68 15.33 21.9 %
TOTAL - TWELVE MONTHS ENDED 9/30/21602 2,660,741 $47,513 $17.86 $13.36 $5.40 8.6 262 1,168,281 $19.18 $15.71 22.1 %
RENEWAL LEASES
Three months ended 9/30/21171 973,781 $15,569 $15.99 $1.82 $0.04 5.3 171 973,781 $15.99 $14.86 7.6 %
Three months ended 6/30/21198 865,886 16,401 18.94 0.81 0.20 4.3 194 855,051 18.88 17.59 7.3 %
Three months ended 3/31/21215 755,065 15,297 20.26 0.50 0.05 3.6 212 744,614 20.34 19.67 3.4 %
Three months ended 12/31/20160 802,918 12,757 15.89 0.78 0.02 3.9 159 796,336 15.92 15.38 3.5 %
TOTAL - TWELVE MONTHS ENDED 9/30/21744 3,397,650 $60,024 $17.67 $1.02 $0.08 4.4 736 3,369,782 $17.67 $16.74 5.6 %
OPTION LEASES
Three months ended 9/30/2154 1,050,510 $11,699 $11.14 $— $— 5.0 54 1,050,510 $11.14 $10.35 7.6 %
Three months ended 6/30/2135 709,194 7,383 10.41 — — 5.0 35 709,194 10.41 9.64 8.0 %
Three months ended 3/31/2137 720,478 9,097 12.63 — — 5.0 37 720,478 12.63 11.93 5.9 %
Three months ended 12/31/2048 850,524 8,709 10.24 — — 4.9 48 850,524 10.24 9.64 6.2 %
TOTAL - TWELVE MONTHS ENDED 9/30/21174 3,330,706 $36,888 $11.08 $ $ 5.0 174 3,330,706 $11.08 $10.36 6.9 %
LEASES BY ANCHOR AND SMALL SHOPThree Months Ended 9/30/21Twelve Months Ended 9/30/21
% of LeasesGLA% of GLA% of ABRNew ABR PSFRent Spread (1)% of LeasesGLA% of GLA% of ABRNew ABR PSFRent Spread (1)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases17 %1,837,134 66 %49 %$10.67 9.7 %14 %5,794,234 62 %44 %$10.90 6.6 %
New & Renewal Leases Only12 %911,368 53 %37 %11.64 12.3 %10 %2,820,083 47 %32 %12.36 7.2 %
New Leases10 %336,843 45 %31 %12.03 34.5 %10 %1,199,045 45 %31 %12.35 26.5 %
Renewal Leases15 %574,525 59 %42 %11.42 4.9 %10 %1,621,038 48 %33 %12.37 1.2 %
Option Leases48 %925,766 88 %77 %9.72 6.9 %47 %2,974,151 89 %77 %9.52 6.0 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases83 %932,869 34 %51 %$22.14 11.8 %86 %3,594,863 38 %56 %$22.61 10.8 %
New & Renewal Leases Only88 %808,125 47 %63 %22.22 12.3 %90 %3,238,308 53 %68 %22.45 10.9 %
New Leases90 %408,869 55 %69 %21.89 20.1 %90 %1,461,696 55 %69 %22.38 19.9 %
Renewal Leases85 %399,256 41 %58 %22.56 9.6 %90 %1,776,612 52 %67 %22.50 7.9 %
Option Leases52 %124,744 12 %23 %21.64 9.6 %53 %356,555 11 %23 %24.07 9.9 %
(1) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 31
image4.jpg



NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
Dollars in thousands, except per square foot amounts
NEW LEASE NET EFFECTIVE RENT
Twelve Months EndedThree Months Ended
9/30/219/30/216/30/213/31/2112/31/209/30/20
NEW LEASES
Weighted average over lease term:
Base rent$ 19.12$ 18.53$ 21.04$ 18.15$ 18.64$ 17.32
Tenant improvements and allowances(1.70)(1.35)(1.80)(1.76)(1.97)(1.37)
Third party leasing commissions(0.59)(0.57)(0.70)(0.55)(0.52)(0.49)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK16.8316.6118.5415.8416.1515.46
Tenant specific landlord work (1)(1.38)(1.35)(1.83)(1.31)(0.92)(0.46)
NET EFFECTIVE RENT$ 15.45$ 15.26$ 16.71$ 14.53$ 15.23$ 15.00
Net effective rent before tenant specific landlord work /
base rent88%90%88%87%87%89%
Net effective rent / base rent81%82%79%80%82%87%
Weighted average term (years)8.68.29.38.78.09.7
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF29%29%30%32%22%55%
< 10,000 SF71%71%70%68%78%45%
LEASES SIGNED BUT NOT YET COMMENCED (2)
As of 9/30/21:LeasesGLAABRABR PSF
≥ 10,000 SF
571,400,546$ 18,176$ 12.98
< 10,000 SF
3201,002,70025,33925.27
TOTAL3772,403,246$ 43,515$ 18.11
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 350 basis points of total portfolio GLA, 20 basis points of which represents leases on space that will be vacated by existing tenants in the near term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 32
image4.jpg



LEASE EXPIRATION SCHEDULE
ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number% of% ofABR PSFNumber% of% ofABR PSFNumber% of% ofABR PSF
ofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeat
LeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpiration
M-M323 738,723 1.2 %1.4 %$17.38 $17.38 54,254 0.1 %0.1 %$10.69 $10.69 319 684,469 3.8 %2.9 %$17.91 $17.91 
2021197 1,168,165 1.9 %1.5 %11.24 11.24 22 683,555 1.6 %1.0 %6.85 6.85 175 484,610 2.7 %2.0 %17.43 17.43 
20221,208 6,751,701 10.9 %10.4 %13.73 13.75 151 4,010,137 9.0 %7.7 %9.10 9.09 1,057 2,741,564 15.2 %13.4 %20.51 20.56 
20231,113 6,942,504 11.2 %11.6 %14.87 15.03 170 4,507,739 10.3 %10.1 %10.55 10.57 943 2,434,765 13.5 %13.4 %22.88 23.29 
20241,108 8,924,795 14.4 %13.1 %13.01 13.24 185 6,498,655 14.8 %13.1 %9.53 9.55 923 2,426,140 13.4 %13.0 %22.32 23.13 
2025875 7,523,414 12.1 %11.6 %13.66 13.96 176 5,451,979 12.4 %12.0 %10.39 10.45 699 2,071,435 11.5 %11.1 %22.27 23.21 
2026849 7,447,639 12.0 %11.9 %14.15 14.68 183 5,530,180 12.6 %12.5 %10.63 10.76 666 1,917,459 10.6 %11.2 %24.30 25.98 
2027513 5,167,854 8.3 %8.2 %14.15 15.52 124 3,873,436 8.8 %9.2 %11.22 12.09 389 1,294,418 7.2 %7.1 %22.94 25.80 
2028336 2,946,406 4.8 %5.3 %16.10 17.63 74 2,102,194 4.8 %5.2 %11.72 12.40 262 844,212 4.7 %5.5 %26.99 30.66 
2029354 3,779,306 6.1 %6.3 %14.77 16.40 102 2,938,982 6.7 %7.2 %11.57 12.54 252 840,324 4.7 %5.2 %25.98 29.91 
2030285 2,956,784 4.8 %4.9 %14.65 16.24 72 2,232,740 5.1 %5.1 %10.70 11.44 213 724,044 3.9 %4.7 %26.82 31.03 
2031+637 7,638,500 12.3 %13.8 %16.10 18.44 197 6,047,156 13.8 %16.8 %13.08 14.65 440 1,591,344 8.8 %10.5 %27.59 32.85 
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number% of% ofABR PSFNumber% of% ofABR PSFNumber% of% ofABR PSF
ofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeatofLeasedLeasedIn-PlaceIn-placeat
LeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpirationLeasesGLAGLAABRABR PSFExpiration
M-M323 738,723 1.2 %1.4 %$17.38 $17.38 54,254 0.1 %0.1 %$10.69 $10.69 319 684,469 3.8 %2.9 %$17.91 $17.91 
2021187 993,624 1.6 %1.3 %11.23 11.23 18 531,284 1.2 %0.7 %6.05 6.05 169 462,340 2.6 %1.9 %17.17 17.17 
2022980 3,713,286 6.0 %6.3 %15.23 15.26 73 1,506,591 3.4 %2.7 %8.50 8.48 907 2,206,695 12.2 %10.5 %19.83 19.89 
2023813 2,876,302 4.6 %5.9 %18.47 18.81 55 1,091,267 2.5 %2.5 %10.97 11.04 758 1,785,035 9.9 %9.9 %23.05 23.56 
2024741 2,685,502 4.3 %5.3 %17.39 18.00 42 1,063,309 2.4 %2.4 %10.43 10.50 699 1,622,193 9.0 %8.5 %21.95 22.92 
2025530 2,206,239 3.6 %4.4 %17.60 18.35 40 946,726 2.2 %2.2 %11.04 11.18 490 1,259,513 7.0 %6.8 %22.53 23.74 
2026500 2,272,540 3.7 %4.4 %17.09 18.25 42 1,097,291 2.5 %2.4 %10.11 10.32 458 1,175,249 6.5 %6.6 %23.60 25.64 
2027388 2,146,243 3.5 %4.0 %16.67 18.66 52 1,152,720 2.6 %2.7 %10.90 12.05 336 993,523 5.5 %5.6 %23.36 26.33 
2028296 1,542,965 2.5 %3.2 %18.43 20.54 33 761,056 1.7 %1.9 %11.78 12.68 263 781,909 4.3 %4.7 %24.89 28.19 
2029290 1,462,838 2.4 %3.0 %18.08 20.47 34 689,383 1.6 %1.7 %11.87 13.17 256 773,455 4.3 %4.4 %23.61 26.97 
2030266 1,758,713 2.8 %3.0 %15.06 17.08 41 1,053,796 2.4 %2.2 %10.00 10.93 225 704,917 3.9 %3.8 %22.62 26.29 
2031+2,484 39,588,816 63.8 %57.8 %12.98 16.60 1,026 33,983,330 77.4 %78.5 %10.90 13.81 1,458 5,605,486 31.0 %34.4 %25.58 33.49 
(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 CountBy GLA
Twelve Months Ended 9/30/2172.9%80.7%
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 33
image4.jpg



PROPERTIES BY LARGEST US MSAs
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercentPercentNumber ofPercentPercent
Largest US MSAs by 2020 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
New York-Newark-Jersey City, NY-NJ-PA26 3,183,987 85.5 %93.9 %$64,571 $22.09 6.7 %4.7 %7.3 %
Los Angeles-Long Beach-Anaheim, CA10 1,706,226 96.6 %97.7 %35,598 23.46 2.6 %2.5 %4.0 %
Chicago-Naperville-Elgin, IL-IN-WI14 3,491,786 77.6 %80.0 %38,996 14.68 3.6 %5.2 %4.4 %
Dallas-Fort Worth-Arlington, TX12 2,515,979 86.2 %88.7 %39,813 18.06 3.1 %3.7 %4.5 %
Houston-The Woodlands-Sugar Land, TX28 3,782,019 91.0 %93.7 %45,334 13.21 7.3 %5.6 %5.1 %
Washington-Arlington-Alexandria, DC-VA-MD-WV468,481 59.6 %85.3 %5,858 15.20 0.8 %0.7 %0.7 %
Miami-Fort Lauderdale-Pompano Beach, FL1,466,177 77.4 %87.0 %20,329 16.17 2.3 %2.2 %2.3 %
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD23 4,205,547 88.2 %90.8 %63,189 19.12 6.0 %6.2 %7.1 %
Atlanta-Sandy Springs-Alpharetta, GA22 3,327,861 87.8 %91.5 %35,798 12.14 5.7 %4.9 %4.0 %
10 Phoenix-Mesa-Chandler, AZ— — — — — — — — 
Top 10 Largest US MSAs by Population147 24,148,063 85.9 %90.1 %349,486 16.94 38.1 %35.7 %39.4 %
11 Boston-Cambridge-Newton, MA-NH724,145 91.8 %93.8 %9,112 13.41 1.6 %1.1 %1.0 %
12 San Francisco-Oakland-Berkeley, CA506,994 97.4 %99.0 %11,962 29.47 0.5 %0.7 %1.3 %
13 Riverside-San Bernardino-Ontario, CA502,149 84.3 %90.2 %8,544 21.86 1.0 %0.7 %1.0 %
14 Detroit-Warren-Dearborn, MI1,436,631 86.9 %91.9 %15,808 13.04 2.1 %2.1 %1.8 %
15 Seattle-Tacoma-Bellevue, WA— — — — — — — — 
16 Minneapolis-St. Paul-Bloomington, MN-WI1,290,598 91.0 %92.5 %16,020 14.56 2.3 %1.9 %1.8 %
17 San Diego-Chula Vista-Carlsbad, CA646,187 91.1 %98.1 %14,797 23.85 0.8 %1.0 %1.7 %
18 Tampa-St. Petersburg-Clearwater, FL11 1,778,193 88.0 %90.5 %25,061 16.25 2.8 %2.6 %2.8 %
19 Denver-Aurora-Lakewood, CO1,316,148 86.7 %95.9 %17,319 14.75 1.6 %1.9 %1.9 %
20 St. Louis, MO-IL209,036 95.5 %95.5 %2,125 10.82 0.5 %0.3 %0.2 %
Top 20 Largest US MSAs by Population198 32,558,144 86.7 %91.0 %470,234 16.82 51.3 %48.0 %52.9 %
21 Baltimore-Columbia-Towson, MD— — — — — — — — 
22 Charlotte-Concord-Gastonia, NC-SC1,560,356 93.0 %93.4 %16,442 12.45 1.6 %2.3 %1.8 %
23 Orlando-Kissimmee-Sanford, FL802,048 85.3 %86.4 %15,780 22.99 1.3 %1.2 %1.8 %
24 San Antonio-New Braunfels, TX— — — — — — — — 
25 Portland-Vancouver-Hillsboro, OR-WA— — — — — — — — 
26 Sacramento-Roseville-Folsom, CA105,531 33.1 %33.1 %982 28.12 0.3 %0.2 %0.1 %
27 Las Vegas-Henderson-Paradise, NV— — — — — — — — 
28 Pittsburgh, PA202,349 100.0 %100.0 %2,120 11.81 0.3 %0.3 %0.2 %
29 Austin-Round Rock-Georgetown, TX170,605 96.0 %96.0 %2,115 12.91 0.3 %0.3 %0.2 %
30 Cincinnati, OH-KY-IN1,858,571 92.0 %94.7 %23,664 17.22 1.8 %2.7 %2.7 %
31 Kansas City, MO-KS608,649 93.1 %94.1 %4,787 8.49 1.0 %0.9 %0.5 %
32 Columbus, OH434,804 89.8 %92.7 %4,202 11.13 0.8 %0.6 %0.5 %
33 Indianapolis-Carmel-Anderson, IN726,319 85.1 %89.7 %7,440 11.60 0.5 %1.1 %0.8 %
34 Cleveland-Elyria, OH795,777 83.1 %84.3 %8,777 13.18 0.8 %1.2 %1.0 %
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 34
image4.jpg



PROPERTIES BY LARGEST US MSAs
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercentPercentNumber ofPercentPercent
Largest US MSAs by 2020 PopulationProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
35 San Jose-Sunnyvale-Santa Clara, CA— — — — — — — — 
36 Nashville-Davidson--Murfreesboro--Franklin, TN798,262 96.5 %98.5 %9,690 12.33 1.0 %1.2 %1.1 %
37 Virginia Beach-Norfolk-Newport News, VA-NC150,300 97.7 %97.7 %2,884 21.69 0.3 %0.2 %0.3 %
38 Providence-Warwick, RI-MA— — — — — — — — 
39 Jacksonville, FL690,893 94.3 %98.5 %7,419 11.30 0.8 %1.0 %0.8 %
40 Milwaukee-Waukesha, WI566,998 83.3 %84.2 %5,510 11.54 1.0 %0.8 %0.6 %
41 Oklahoma City, OK— — — — — — — — 
42 Raleigh-Cary, NC290,937 79.2 %95.7 %4,020 14.56 0.5 %0.4 %0.5 %
43 Memphis, TN-MS-AR649,252 93.4 %95.5 %9,785 16.36 0.3 %1.0 %1.1 %
44 Richmond, VA229,840 94.8 %96.4 %3,548 16.02 0.5 %0.3 %0.4 %
45 New Orleans-Metairie, LA— — — — — — — — 
46 Louisville/Jefferson County, KY-IN700,232 94.0 %94.7 %7,308 11.32 1.0 %1.0 %0.8 %
47 Salt Lake City, UT— — — — — — — — 
48 Hartford-East Hartford-Middletown, CT584,167 82.1 %82.4 %8,272 17.19 0.8 %0.9 %0.9 %
49 Buffalo-Cheektowaga, NY— — — — — — — — 
50 Birmingham-Hoover, AL— — — — — — — — 
Top 50 Largest US MSAs by Population255 44,484,034 87.6 %91.2 %614,979 16.09 66.2 %65.7 %69.0 %
MSAs Ranked 51 - 100 by Population49 8,576,473 89.7 %91.9 %99,134 13.28 12.7 %12.7 %11.2 %
Other MSAs82 14,652,345 89.4 %92.3 %174,762 13.87 21.1 %21.6 %19.8 %
TOTAL386 67,712,852 88.2 %91.5 %$888,875 $15.25 100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended September 30, 2021
Page 35
image4.jpg



LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
New York-Newark-Jersey City, NY-NJ-PA126 3,183,987 85.5 %93.9 %$64,571 $22.09 6.7 %4.7 %7.3 %
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD823 4,205,547 88.2 %90.8 %63,189 19.12 6.0 %6.2 %7.1 %
Houston-The Woodlands-Sugar Land, TX528 3,782,019 91.0 %93.7 %45,334 13.21 7.3 %5.6 %5.1 %
Dallas-Fort Worth-Arlington, TX412 2,515,979 86.2 %88.7 %39,813 18.06 3.1 %3.7 %4.5 %
Chicago-Naperville-Elgin, IL-IN-WI314 3,491,786 77.6 %80.0 %38,996 14.68 3.6 %5.2 %4.4 %
Atlanta-Sandy Springs-Alpharetta, GA922 3,327,861 87.8 %91.5 %35,798 12.14 5.7 %4.9 %4.0 %
Los Angeles-Long Beach-Anaheim, CA210 1,706,226 96.6 %97.7 %35,598 23.46 2.6 %2.5 %4.0 %
Tampa-St. Petersburg-Clearwater, FL1811 1,778,193 88.0 %90.5 %25,061 16.25 2.8 %2.6 %2.8 %
Cincinnati, OH-KY-IN301,858,571 92.0 %94.7 %23,664 17.22 1.8 %2.7 %2.7 %
10 Miami-Fort Lauderdale-Pompano Beach, FL71,466,177 77.4 %87.0 %20,329 16.17 2.3 %2.2 %2.3 %
10 Largest MSAs by ABR162 27,316,346 86.9 %90.5 %392,353 16.94 41.9 %40.3 %44.2 %
11 Denver-Aurora-Lakewood, CO191,316,148 86.7 %95.9 %17,319 14.75 1.6 %1.9 %1.9 %
12 Charlotte-Concord-Gastonia, NC-SC221,560,356 93.0 %93.4 %16,442 12.45 1.6 %2.3 %1.8 %
13 Minneapolis-St. Paul-Bloomington, MN-WI161,290,598 91.0 %92.5 %16,020 14.56 2.3 %1.9 %1.8 %
14 Detroit-Warren-Dearborn, MI141,436,631 86.9 %91.9 %15,808 13.04 2.1 %2.1 %1.8 %
15 Orlando-Kissimmee-Sanford, FL23802,048 85.3 %86.4 %15,780 22.99 1.3 %1.2 %1.8 %
16 San Diego-Chula Vista-Carlsbad, CA17646,187 91.1 %98.1 %14,797 23.85 0.8 %1.0 %1.7 %
17 Naples-Marco Island, FL139780,327 83.5 %93.2 %13,325 18.79 1.0 %1.2 %1.5 %
18 San Francisco-Oakland-Berkeley, CA12506,994 97.4 %99.0 %11,962 29.47 0.5 %0.7 %1.3 %
19 Ann Arbor, MI149820,327 85.1 %89.8 %11,726 16.04 0.8 %1.2 %1.3 %
20 Vallejo, CA122519,223 92.2 %92.5 %10,083 21.18 0.3 %0.8 %1.1 %
20 Largest MSAs by ABR209 36,995,185 87.4 %91.2 %535,615 16.95 54.2 %54.6 %60.2 %
21 Binghamton, NY196751,572 95.6 %95.6 %9,882 13.75 1.0 %1.1 %1.1 %
22 Memphis, TN-MS-AR43649,252 93.4 %95.5 %9,785 16.36 0.3 %1.0 %1.1 %
23 North Port-Sarasota-Bradenton, FL67734,750 85.3 %95.8 %9,717 13.91 1.3 %1.1 %1.1 %
24 Nashville-Davidson--Murfreesboro--Franklin, TN36798,262 96.5 %98.5 %9,690 12.33 1.0 %1.2 %1.1 %
25 Allentown-Bethlehem-Easton, PA-NJ70829,432 95.0 %96.1 %9,566 13.24 0.8 %1.2 %1.1 %
26 Port St. Lucie, FL112688,049 87.9 %88.7 %9,213 15.21 1.3 %1.0 %1.0 %
27 Boston-Cambridge-Newton, MA-NH11724,145 91.8 %93.8 %9,112 13.41 1.6 %1.1 %1.0 %
28 Cleveland-Elyria, OH34795,777 83.1 %84.3 %8,777 13.18 0.8 %1.2 %1.0 %
29 Riverside-San Bernardino-Ontario, CA13502,149 84.3 %90.2 %8,544 21.86 1.0 %0.7 %1.0 %
30 Hartford-East Hartford-Middletown, CT48584,167 82.1 %82.4 %8,272 17.19 0.8 %0.9 %0.9 %
31 Indianapolis-Carmel-Anderson, IN33726,319 85.1 %89.7 %7,440 11.60 0.5 %1.1 %0.8 %
32 Jacksonville, FL39690,893 94.3 %98.5 %7,419 11.30 0.8 %1.0 %0.8 %
33 Louisville/Jefferson County, KY-IN46700,232 94.0 %94.7 %7,308 11.32 1.0 %1.0 %0.8 %
34 Norwich-New London, CT186433,532 91.3 %91.8 %6,486 16.50 0.5 %0.6 %0.7 %
35 New Haven-Milford, CT68487,795 82.7 %82.7 %5,913 14.66 1.0 %0.7 %0.7 %
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 36
image4.jpg



LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
36 Washington-Arlington-Alexandria, DC-VA-MD-WV6468,481 59.6 %85.3 %5,858 15.20 0.8 %0.7 %0.7 %
37 Greensboro-High Point, NC76406,768 98.7 %98.7 %5,784 14.40 0.3 %0.6 %0.7 %
38 Poughkeepsie-Newburgh-Middletown, NY88399,379 98.0 %100.0 %5,762 14.65 0.8 %0.6 %0.6 %
39 Worcester, MA-CT58515,320 83.6 %84.7 %5,615 16.00 0.8 %0.8 %0.6 %
40 Milwaukee-Waukesha, WI40566,998 83.3 %84.2 %5,510 11.54 1.0 %0.8 %0.6 %
41 Wilmington, NC167379,107 90.4 %92.9 %5,495 15.77 0.5 %0.6 %0.6 %
42 College Station-Bryan, TX183433,832 91.9 %94.3 %5,441 16.05 0.8 %0.6 %0.6 %
43 Scranton--Wilkes-Barre, PA101619,139 90.8 %91.6 %5,286 23.72 0.5 %0.9 %0.6 %
44 Kansas City, MO-KS31608,649 93.1 %94.1 %4,787 8.49 1.0 %0.9 %0.5 %
45 Oxnard-Thousand Oaks-Ventura, CA72320,372 82.0 %84.7 %4,614 17.72 0.5 %0.5 %0.5 %
46 Dayton-Kettering, OH74351,898 96.9 %96.9 %4,614 13.84 0.5 %0.5 %0.5 %
47 Winston-Salem, NC87437,561 81.6 %81.6 %4,527 13.38 0.8 %0.6 %0.5 %
48 Boulder, CO156278,419 95.2 %95.6 %4,479 16.91 0.3 %0.4 %0.5 %
49 Mobile, AL127429,636 74.1 %84.8 %4,379 12.29 0.3 %0.6 %0.5 %
50 Columbus, OH32434,804 89.8 %92.7 %4,202 11.13 0.8 %0.6 %0.5 %
50 Largest MSAs by ABR299 53,741,874 87.8 %91.3 %739,092 16.03 77.6 %79.2 %82.9 %
51 Manchester-Nashua, NH132228,850 97.0 %97.7 %4,116 19.35 0.5 %0.3 %0.5 %
52 Greenville-Anderson, SC60220,723 98.8 %100.0 %4,108 19.05 0.5 %0.3 %0.5 %
53 Fresno, CA55255,149 99.0 %99.0 %4,036 15.97 0.3 %0.4 %0.5 %
54 Raleigh-Cary, NC42290,937 79.2 %95.7 %4,020 14.56 0.5 %0.4 %0.5 %
55 Charleston-North Charleston, SC73498,871 83.2 %83.4 %3,977 9.69 0.5 %0.7 %0.4 %
56 Panama City, FL252397,492 93.6 %97.6 %3,943 10.17 0.5 %0.6 %0.4 %
57 Spartanburg, SC158360,277 72.3 %74.3 %3,730 14.48 0.3 %0.5 %0.4 %
58 Bakersfield, CA62240,068 94.7 %97.8 %3,597 15.61 0.3 %0.4 %0.4 %
59 Richmond, VA44229,840 94.8 %96.4 %3,548 16.02 0.5 %0.3 %0.4 %
60 Hilton Head Island-Bluffton, SC203231,952 95.5 %97.5 %3,540 15.65 0.5 %0.3 %0.4 %
61 Cape Coral-Fort Myers, FL75281,394 91.0 %93.1 %3,471 13.61 0.3 %0.4 %0.4 %
62 Atlantic City-Hammonton, NJ188179,199 91.8 %93.1 %3,226 19.34 0.3 %0.3 %0.4 %
63 Des Moines-West Des Moines, IA82495,948 86.4 %94.1 %3,077 6.59 0.5 %0.7 %0.3 %
64 Greenville, NC238233,153 94.3 %95.5 %3,065 13.77 0.3 %0.3 %0.3 %
65 Springfield, MA84322,068 88.2 %95.1 %3,036 13.50 0.5 %0.5 %0.3 %
66 Virginia Beach-Norfolk-Newport News, VA-NC37150,300 97.7 %97.7 %2,884 21.69 0.3 %0.2 %0.3 %
67 Pittsfield, MA330188,444 96.4 %96.4 %2,854 15.71 0.3 %0.3 %0.3 %
68 Savannah, GA138221,381 96.8 %96.8 %2,775 12.95 0.5 %0.3 %0.3 %
69 Bridgeport-Stamford-Norwalk, CT59161,075 97.3 %97.3 %2,600 16.59 0.3 %0.2 %0.3 %
70 Roanoke, VA164313,340 94.4 %94.4 %2,489 10.51 0.5 %0.5 %0.3 %
71 Hickory-Lenoir-Morganton, NC147284,984 93.5 %93.9 %2,435 9.10 0.5 %0.4 %0.3 %
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 37
image4.jpg



LARGEST MSAs BY ABR
Dollars in thousands, except per square foot amounts
Percent of
Number of
Percent
Percent
Number of
Percent
Percent
Largest MSAs by ABR
MSA Rank
Properties
 GLA
Billed
Leased
 ABR
 ABR PSF
Properties
of GLA
of ABR
72 Altoona, PA343266,512 87.4 %87.4 %2,430 10.54 0.3 %0.4 %0.3 %
73 Elkhart-Goshen, IN220211,680 78.5 %89.5 %2,428 12.81 0.3 %0.3 %0.3 %
74 Duluth, MN-WI171183,087 96.2 %96.2 %2,355 13.37 0.3 %0.3 %0.3 %
75 Dover, DE237191,974 96.5 %97.3 %2,192 11.74 0.3 %0.3 %0.2 %
76 St. Louis, MO-IL20209,036 95.5 %95.5 %2,125 10.82 0.5 %0.3 %0.2 %
77 Pittsburgh, PA28202,349 100.0 %100.0 %2,120 11.81 0.3 %0.3 %0.2 %
78 Austin-Round Rock-Georgetown, TX29170,605 96.0 %96.0 %2,115 12.91 0.3 %0.3 %0.2 %
79 Manhattan, KS322214,898 99.2 %99.5 %2,106 15.82 0.3 %0.3 %0.2 %
80 Trenton-Princeton, NJ148160,969 42.6 %90.7 %2,094 14.34 0.3 %0.2 %0.2 %
81 Flint, MI134164,632 96.4 %96.4 %2,077 13.17 0.3 %0.2 %0.2 %
82 Concord, NH280191,887 92.7 %92.7 %2,049 11.80 0.3 %0.3 %0.2 %
83 Santa Maria-Santa Barbara, CA123179,549 68.5 %88.9 %1,940 13.23 0.3 %0.3 %0.2 %
84 Saginaw, MI231184,735 98.0 %98.0 %1,932 10.68 0.3 %0.3 %0.2 %
85 Greeneville, TN481224,139 96.4 %96.4 %1,930 9.13 0.3 %0.3 %0.2 %
86 Tulsa, OK54186,851 100.0 %100.0 %1,920 10.28 0.3 %0.3 %0.2 %
87 Rutland, VT542223,314 90.0 %90.0 %1,902 9.69 0.3 %0.3 %0.2 %
88 Crestview-Fort Walton Beach-Destin, FL170158,118 98.4 %98.4 %1,880 12.08 0.3 %0.2 %0.2 %
89 California-Lexington Park, MD35492,335 100.0 %100.0 %1,827 19.79 0.3 %0.1 %0.2 %
90 Portland-South Portland, ME106287,513 94.8 %94.8 %1,810 17.37 0.3 %0.4 %0.2 %
91 Fort Wayne, IN133150,227 87.3 %93.5 %1,773 16.00 0.3 %0.2 %0.2 %
92 Columbus, IN425142,989 83.2 %100.0 %1,729 12.09 0.3 %0.2 %0.2 %
93 Syracuse, NY92123,404 100.0 %100.0 %1,727 13.99 0.3 %0.2 %0.2 %
94 Toledo, OH94289,105 83.8 %83.8 %1,712 12.57 0.3 %0.4 %0.2 %
95 Tucson, AZ53165,350 67.1 %67.1 %1,591 14.33 0.3 %0.2 %0.2 %
96 Deltona-Daytona Beach-Ormond Beach, FL86182,054 97.8 %97.8 %1,571 8.83 0.3 %0.3 %0.2 %
97 Durham-Chapel Hill, NC9197,226 100.0 %100.0 %1,567 16.12 0.3 %0.1 %0.2 %
98 Ithaca, NY383204,405 84.0 %84.0 %1,561 9.96 0.3 %0.3 %0.2 %
99 London, KY292165,826 99.0 %99.0 %1,553 9.46 0.3 %0.2 %0.2 %
100 Muskegon, MI248104,600 88.4 %96.2 %1,538 15.29 0.3 %0.2 %0.2 %
100 Largest MSAs by ABR362 64,856,688 88.3 %91.7 %865,173 15.49 93.8 %95.8 %97.3 %
Other MSAs24 2,856,164 87.6 %87.9 %23,702 9.64 6.2 %4.2 %2.7 %
TOTAL
386 67,712,852 88.2 %91.5 %$888,875 $15.25 100.0 %100.0 %100.0 %



Supplemental Disclosure - Three Months Ended September 30, 2021
Page 38
image4.jpg



PROPERTIES BY STATE
Dollars in thousands, except per square foot amounts
Percent of
Number ofPercent PercentNumber ofPercentPercent
StateProperties GLA BilledLeased ABR  ABR PSF Propertiesof GLAof ABR
Florida48 8,084,887 86.3 %91.3 %$113,109 $15.65 12.4 %11.9 %12.7 %
California27 5,073,763 91.1 %94.2 %97,406 22.04 7.0 %7.5 %11.0 %
Texas45 6,987,102 89.6 %92.1 %93,868 15.08 11.7 %10.3 %10.6 %
New York28 3,569,928 89.0 %95.3 %66,836 20.13 7.3 %5.3 %7.5 %
Pennsylvania26 4,998,492 89.3 %91.2 %64,680 17.19 6.7 %7.4 %7.3 %
North Carolina20 4,033,255 91.4 %93.1 %44,906 12.65 5.2 %6.0 %5.1 %
New Jersey16 2,826,449 86.4 %91.9 %42,703 17.57 4.1 %4.2 %4.8 %
Georgia28 4,026,601 88.9 %92.1 %42,073 11.65 7.3 %5.9 %4.7 %
Illinois15 3,579,632 77.8 %80.2 %39,557 14.47 3.9 %5.3 %4.5 %
10 Michigan16 2,973,800 88.0 %91.9 %35,248 13.47 4.1 %4.4 %4.0 %
11 Ohio15 3,043,414 88.7 %91.0 %35,164 14.79 3.9 %4.5 %4.0 %
12 Connecticut11 1,792,065 85.3 %85.5 %24,368 15.95 2.8 %2.6 %2.7 %
13 Tennessee1,849,963 95.5 %97.1 %22,965 12.97 2.1 %2.7 %2.6 %
14 Colorado1,594,567 88.2 %95.8 %21,798 15.15 1.8 %2.4 %2.5 %
15 Massachusetts10 1,507,783 89.1 %91.7 %18,559 15.26 2.6 %2.2 %2.1 %
16 Minnesota10 1,473,685 91.6 %93.0 %18,375 14.40 2.6 %2.2 %2.1 %
17 Kentucky1,683,265 94.9 %95.4 %17,688 12.22 1.8 %2.5 %2.0 %
18 South Carolina1,311,823 85.0 %86.2 %15,355 13.84 1.8 %1.9 %1.7 %
19 Indiana1,363,242 85.3 %92.2 %14,764 12.13 1.6 %2.0 %1.6 %
20 Virginia1,016,604 85.9 %89.5 %10,921 13.04 1.7 %1.6 %1.2 %
21 New Hampshire662,931 93.1 %93.9 %8,223 13.54 1.2 %1.0 %0.9 %
22 Maryland427,934 71.5 %91.8 %6,852 18.07 0.8 %0.6 %0.8 %
23 Wisconsin566,998 83.3 %84.2 %5,510 11.54 1.0 %0.8 %0.6 %
24 Missouri655,984 94.5 %95.5 %5,422 8.83 1.3 %1.0 %0.6 %
25 Alabama429,636 74.1 %84.8 %4,379 12.29 0.3 %0.6 %0.5 %
26 Kansas376,599 95.4 %95.5 %3,596 12.88 0.5 %0.6 %0.4 %
27 Iowa495,948 86.4 %94.1 %3,077 6.59 0.5 %0.7 %0.3 %
28 Delaware191,974 96.5 %97.3 %2,192 11.74 0.3 %0.3 %0.2 %
29 West Virginia251,500 90.0 %90.0 %2,058 9.09 0.5 %0.4 %0.2 %
30 Oklahoma186,851 100.0 %100.0 %1,920 10.28 0.3 %0.3 %0.2 %
31 Vermont223,314 90.0 %90.0 %1,902 9.69 0.3 %0.3 %0.2 %
32 Maine287,513 94.8 %94.8 %1,810 17.37 0.3 %0.4 %0.2 %
33 Arizona165,350 67.1 %67.1 %1,591 14.33 0.3 %0.2 %0.2 %
TOTAL386 67,712,852 88.2 %91.5 %$888,875 $15.25 100.0 %100.0 %100.0 %

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 39
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
SpringdaleMobileALMobile, AL2004429,636 84.8 %$4,379 $12.29 Sam's Club*Bed Bath & Beyond, Big Lots, Burke's Outlet, Burlington Stores, Conn's HomePlus, Cost Plus World Market, Crunch Fitness, David's Bridal, Fresenius Medical Care, Marshalls, Michaels, Shoe Station-
Northmall CentreTucsonAZTucson, AZ1996165,350 67.1 %1,591 14.34 Sam's Club*CareMore, Defy-Tucson-
Bakersfield PlazaBakersfieldCABakersfield, CA1970240,068 97.8 %3,597 15.61 Lassens Natural Foods & VitaminsAMC Theatres, Burlington Stores, Five Below, In Shape Fitness, Ross Dress for LessHobby Lobby
Carmen PlazaCamarilloCAOxnard-Thousand Oaks-Ventura, CA2000128,897 66.4 %2,354 29.82 Trader Joe's*CVS, Harbor Freight Tools-
Plaza Rio VistaCathedralCARiverside-San Bernardino-Ontario, CA200575,415 94.5 %1,406 22.14 Stater Bros.--
Cudahy PlazaCudahyCALos Angeles-Long Beach-Anaheim, CA2021123,149 95.1 %2,662 22.72 -Big Lots, Burlington Stores, Chuze Fitness-
University MallDavisCASacramento-Roseville-Folsom, CA1964105,531 33.1 %982 28.12 Trader Joe's--
Felicita PlazaEscondidoCASan Diego-Chula Vista-Carlsbad, CA200198,594 97.0 %1,567 16.39 Vons (Albertsons)Chuze Fitness-
Felicita Town CenterEscondidoCASan Diego-Chula Vista-Carlsbad, CA1987124,670 92.7 %2,825 24.46 Major Market, Trader Joe'sRite Aid-
10 Arbor - Broadway Faire (2)FresnoCAFresno, CA1995255,149 99.0 %4,036 15.98 Smart & Final Extra!PetSmart, The Home Depot, United Artists TheatresDick's Sporting Goods
11 Lompoc CenterLompocCASanta Maria-Santa Barbara, CA1960179,549 88.9 %1,940 13.23 ALDIBoot Barn, Five Below, Harbor Freight Tools, Marshalls, Michaels, Ulta-
12 Briggsmore PlazaModestoCAModesto, CA199892,315 96.5 %1,253 14.92 Grocery Outletdd's Discounts (Ross), Sears OutletIn Shape Fitness
13 Montebello PlazaMontebelloCALos Angeles-Long Beach-Anaheim, CA1974284,331 100.0 %6,213 22.44 AlbertsonsBest Buy, CVS, Five Below, Kohl's, Ross Dress for Less-
14 California Oaks CenterMurrietaCARiverside-San Bernardino-Ontario, CA1990124,481 100.0 %2,278 18.88 Barons MarketCrunch Fitness, Dollar Tree-
15 Pacoima CenterPacoimaCALos Angeles-Long Beach-Anaheim, CA1995202,773 100.0 %2,390 11.79 Food 4 Less (Kroger)Ross Dress for Less, Target-
16 Metro 580 PleasantonCASan Francisco-Oakland-Berkeley, CA1996177,573 100.0 %2,898 35.31 -Kohl's, Party CityWalmart
17 Rose PavilionPleasantonCASan Francisco-Oakland-Berkeley, CA2019329,421 98.5 %9,064 27.99 99 Ranch Market, Trader Joe'sCVS, Macy's Home Store, Restoration Hardware, Total Wine & More-
18 Puente Hills Town CenterRowland HeightsCALos Angeles-Long Beach-Anaheim, CA1984258,685 89.3 %5,829 25.24 -Marshalls, Planet Fitness-
19 Ocean View PlazaSan ClementeCALos Angeles-Long Beach-Anaheim, CA1990169,963 99.2 %5,384 31.94 Ralphs (Kroger), Trader Joe'sCrunch Fitness, CVS-
20 Plaza By The Sea San ClementeCALos Angeles-Long Beach-Anaheim, CA197648,697 100.0 %1,313 26.96 Stater Bros.--
21 Village at Mira Mesa (3)San DiegoCASan Diego-Chula Vista-Carlsbad, CA2021422,923 99.9 %10,405 25.42 Sprouts Farmers Market, Vons (Albertsons)BevMo, Burlington Stores, CVS, Marshalls, Michaels, Mira Mesa Lanes-
22 San Dimas PlazaSan DimasCALos Angeles-Long Beach-Anaheim, CA1986164,757 98.0 %3,885 24.06 Smart & Final Extra!Harbor Freight Tools, T.J.Maxx-
23 Bristol PlazaSanta AnaCALos Angeles-Long Beach-Anaheim, CA2003111,403 100.0 %3,233 29.61 Trader Joe'sBig Lots, Petco, Rite Aid-
24 Gateway PlazaSanta Fe SpringsCALos Angeles-Long Beach-Anaheim, CA2002289,268 100.0 %3,543 23.82 El Super, Walmart SupercenterLA Fitness, Ross Dress for LessTarget
25 Santa Paula CenterSanta PaulaCAOxnard-Thousand Oaks-Ventura, CA1995191,475 97.0 %2,260 12.45 Vons (Albertsons)Ace Hardware, Big Lots-
26 Vail Ranch Center TemeculaCARiverside-San Bernardino-Ontario, CA2003201,903 79.0 %2,750 25.21 Stater Bros.Rite Aid-
27 Country Hills Shopping CenterTorranceCALos Angeles-Long Beach-Anaheim, CA197753,200 100.0 %1,146 21.54 Ralphs (Kroger)--
28 Upland Town Square UplandCARiverside-San Bernardino-Ontario, CA1994100,350 97.3 %2,110 21.61 Sprouts Farmers Market--
29 Gateway Plaza - Vallejo (2)VallejoCAVallejo, CA2018519,223 92.5 %10,083 21.18 Costco*Bed Bath & Beyond, Century Theatres, DSW, LA Fitness, Marshalls, Michaels, OfficeMax, Party City, Petco, Ross Dress for Less, UltaTarget
30 Arvada PlazaArvadaCODenver-Aurora-Lakewood, CO199495,236 100.0 %808 8.48 King Soopers (Kroger)Arc-
31 Arapahoe CrossingsAuroraCODenver-Aurora-Lakewood, CO1996476,988 98.0 %7,051 15.23 King Soopers (Kroger)2nd & Charles, AMC Theatres, Big Lots, Burlington Stores, buybuy BABY, Goldfish Swim School, Kohl's, Planet Fitness-
32 Aurora PlazaAuroraCODenver-Aurora-Lakewood, CO1996178,013 100.0 %2,081 12.10 King Soopers (Kroger)Chuze Fitness, Gen X-
33 Villa Monaco DenverCODenver-Aurora-Lakewood, CO1978121,101 95.9 %1,825 15.72 -Chuze Fitness-
34 Centennial Shopping Center EnglewoodCODenver-Aurora-Lakewood, CO2013113,682 90.6 %1,034 40.31 King Soopers (Kroger)Pet Supplies Plus-
35 Superior Marketplace SuperiorCOBoulder, CO1997278,419 95.6 %4,479 16.91 Whole Foods Market, Costco*, SuperTarget*Goldfish Swim School, Michaels, OfficeMax, PetSmart, Stickley Furniture, T.J.Maxx, Ulta-
36 Westminster City Center (3)WestminsterCODenver-Aurora-Lakewood, CO2021331,128 91.3 %4,520 14.96 -Barnes & Noble, buybuy BABY, David's Bridal, Five Below, Golf Galaxy, JOANN, Kids Empire, Ross Dress for Less, Tile Shop, Ulta-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 40
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
37 The Shoppes at Fox RunGlastonburyCTHartford-East Hartford-Middletown, CT1974106,498 93.0 %2,607 26.32 Whole Foods MarketPetco-
38 Groton SquareGrotonCTNorwich-New London, CT1987196,802 92.1 %2,385 13.16 Super Stop & Shop (Ahold Delhaize)Kohl'sWalmart
39 Parkway PlazaHamdenCTNew Haven-Milford, CT200672,353 95.2 %1,041 15.12 PriceRite (Wakefern)-The Home Depot
40 The Manchester CollectionManchesterCTHartford-East Hartford-Middletown, CT2001327,775 74.6 %3,316 13.55 Walmart Supercenter*Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, DSW, Edge Fitness, Frontera Grill, Hobby LobbyBest Buy, The Home Depot, Walmart
41 Turnpike PlazaNewingtonCTHartford-East Hartford-Middletown, CT2004149,894 91.7 %2,349 17.08 Price ChopperDick's Sporting Goods-
42 North Haven CrossingNorth HavenCTNew Haven-Milford, CT1993103,865 93.8 %1,643 16.86 -Barnes & Noble, Dollar Tree, DSW, Five Below, Lumber Liquidators, PetSmart-
43 Christmas Tree PlazaOrangeCTNew Haven-Milford, CT1996132,791 69.6 %1,245 13.47 -Christmas Tree Shops, Montana Nights Axe Throwing-
44 Stratford SquareStratfordCTBridgeport-Stamford-Norwalk, CT1984161,075 97.3 %2,600 16.59 -LA Fitness, Marshalls-
45 Torrington PlazaTorringtonCTTorrington, CT1994125,496 74.4 %1,097 11.76 -JOANN, Staples, T.J.Maxx-
46 Waterbury PlazaWaterburyCTNew Haven-Milford, CT2000178,786 80.8 %1,984 13.73 Super Stop & Shop (Ahold Delhaize)Dollar TreeTarget
47 Waterford CommonsWaterfordCTNorwich-New London, CT2004236,730 91.6 %4,101 19.36 -Dick’s Sporting Goods, DSW, Michaels, Party City, Tractor Supply Co., UltaBest Buy, Raymour & Flanigan
48 North Dover CenterDoverDEDover, DE1989191,974 97.3 %2,192 11.74 -Bob's Discount Furniture, Hobby Lobby, Kirkland's, Party City, Staples, T.J.Maxx-
49 Center of Bonita SpringsBonita SpringsFLCape Coral-Fort Myers, FL2014281,394 93.1 %3,471 13.61 PublixAnthony's Ladies Apparel, Bealls Outlet, Crunch Fitness, Naples Community Hospital, NewSouth Window Solutions, Old Time Pottery-
50 Coastal Way - Coastal LandingBrooksvilleFLTampa-St. Petersburg-Clearwater, FL2008374,598 75.5 %3,931 17.87 -Bed Bath & Beyond, Belk, HomeGoods, Marshalls, Michaels, Office Depot, Petco, Ulta-
51 Clearwater MallClearwaterFLTampa-St. Petersburg-Clearwater, FL1973300,929 94.2 %6,508 22.97 Costco*, SuperTarget*Burlington Stores, David's Bridal, Five Below, Michaels, PetSmart, Ross Dress for Less, Tota Music & Theatre ConservatoryLowe's
52 Coconut Creek PlazaCoconut CreekFLMiami-Fort Lauderdale-Pompano Beach, FL2005264,129 91.3 %3,654 15.14 PublixBig Lots, Harvest Church, Off the Wall Trampoline, Planet Fitness, Wellmax Medical Center-
53 Century Plaza Shopping CenterDeerfield BeachFLMiami-Fort Lauderdale-Pompano Beach, FL200690,483 85.8 %1,907 24.56 -Broward County Library, CVS-
54 Northgate Shopping CenterDeLandFLDeltona-Daytona Beach-Ormond Beach, FL1993182,054 97.8 %1,571 8.83 PublixBig Lots, Planet Fitness, Tractor Supply Co.-
55 Sun PlazaFort Walton BeachFLCrestview-Fort Walton Beach-Destin, FL2004158,118 98.4 %1,880 12.08 PublixBealls Outlet, Books-A-Million, Office Depot, T.J.Maxx-
56 Normandy SquareJacksonvilleFLJacksonville, FL199689,822 100.0 %885 10.14 Winn-Dixie (Southeastern Grocers)Ace Hardware, Family Dollar-
57 Regency Park Shopping CenterJacksonvilleFLJacksonville, FL1985330,567 97.4 %2,351 7.84 -American Signature Furniture, Bealls Outlet, David's Bridal, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse-
58 Ventura DownsKissimmeeFLOrlando-Kissimmee-Sanford, FL201898,191 96.6 %1,842 19.42 -Dollar Tree, LA Fitness-
59 Marketplace at WycliffeLake WorthFLMiami-Fort Lauderdale-Pompano Beach, FL2002135,820 92.2 %2,403 19.54 Walmart Neighborhood MarketWalgreens-
60 Venetian Isle Shopping CtrLighthouse PointFLMiami-Fort Lauderdale-Pompano Beach, FL1992183,816 84.4 %1,791 11.93 PublixDollar Tree, Petco, Staples, T.J.Maxx-
61 Marco Town Center (3)Marco IslandFLNaples-Marco Island, FL2021109,745 82.2 %2,130 23.94 Publix--
62 Mall at 163rd StreetMiamiFLMiami-Fort Lauderdale-Pompano Beach, FL2007342,385 72.6 %3,422 14.17 Walmart Supercenter*Citi Trends, Ross Dress for LessThe Home Depot
63 Shops at Palm Lakes (3)MiamiFLMiami-Fort Lauderdale-Pompano Beach, FL2021211,590 98.1 %4,127 20.36 Fresco y Más (Southeastern Grocers)dd's Discounts (Ross), LA Fitness, Ross Dress for Less-
64 Freedom Square (3)NaplesFLNaples-Marco Island, FL2021211,839 84.6 %2,340 13.06 PublixBurlington Stores, HomeGoods, Planet Fitness-
65 Naples PlazaNaplesFLNaples-Marco Island, FL2013201,795 100.0 %3,834 19.33 PublixMarshalls, Office Depot, PGA TOUR Superstore-
66 Park Shore PlazaNaplesFLNaples-Marco Island, FL2017256,948 99.6 %5,021 20.69 The Fresh MarketBig Lots, Burlington Stores, HomeGoods, Party City, Saks OFF Fifth, Yard House-
67 Chelsea PlaceNew Port RicheyFLTampa-St. Petersburg-Clearwater, FL199281,144 100.0 %1,129 13.91 PublixZone Fitness Club-
68 Presidential Plaza WestNorth LauderdaleFLMiami-Fort Lauderdale-Pompano Beach, FL200688,441 97.0 %1,059 12.34 Sedano'sFamily Dollar-
69 Colonial MarketplaceOrlandoFLOrlando-Kissimmee-Sanford, FL1986141,069 99.1 %2,545 18.20 -Burlington Stores, LA FitnessTarget
70 Conway CrossingOrlandoFLOrlando-Kissimmee-Sanford, FL200276,321 94.1 %1,033 14.39 Publix--
71 Hunter's Creek PlazaOrlandoFLOrlando-Kissimmee-Sanford, FL199872,683 98.2 %1,216 17.04 Seabra FoodsOffice Depot-
72 Pointe Orlando (3)OrlandoFLOrlando-Kissimmee-Sanford, FL2021413,784 76.1 %9,144 29.66 -Capital Grille, Cuba Libre, Hampton Social, Improv & Fat Fish Blue, Maggiano's Little Italy, Main Event, Regal Cinemas, Rodizio Grill-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 41
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
73 Martin Downs Town CenterPalm CityFLPort St. Lucie, FL199664,546 100.0 %843 13.06 Publix--
74 Martin Downs Village CenterPalm CityFLPort St. Lucie, FL1987162,582 94.2 %2,996 20.12 -Coastal Care, Walgreens-
75 23rd Street StationPanama CityFLPanama City, FL199598,827 90.3 %1,281 14.36 PublixPet Supplies Plus-
76 Panama City SquarePanama CityFLPanama City, FL1989298,665 100.0 %2,662 8.91 Walmart SupercenterBig Lots, Harbor Freight Tools, HomeGoods, T.J.Maxx-
77 East Port PlazaPort St. LucieFLPort St. Lucie, FL1991214,489 87.7 %2,581 13.72 PublixFortis Institute, Urban Air Adventure Park, Walgreens-
78 Shoppes of Victoria SquarePort St. LucieFLPort St. Lucie, FL199095,186 100.0 %1,301 13.67 Winn-Dixie (Southeastern Grocers)Dollar Tree-
79 Lake St. CharlesRiverviewFLTampa-St. Petersburg-Clearwater, FL199961,015 100.0 %748 13.12 Winn-Dixie (Southeastern Grocers)--
80 Cobblestone VillageRoyal Palm BeachFLMiami-Fort Lauderdale-Pompano Beach, FL200539,404 84.6 %708 21.25 SuperTarget*The Zoo Health Club-
81 Beneva Village ShoppesSarasotaFLNorth Port-Sarasota-Bradenton, FL2020144,078 98.7 %2,665 18.74 PublixHarbor Freight Tools, Pet Supermarket, Walgreens-
82 Sarasota VillageSarasotaFLNorth Port-Sarasota-Bradenton, FL1972173,184 100.0 %2,161 12.79 PublixBig Lots, Crunch Fitness, HomeGoods-
83 Atlantic PlazaSatellite BeachFLPalm Bay-Melbourne-Titusville, FL2008125,392 76.0 %1,400 14.70 PublixPlanet Fitness-
84 Seminole PlazaSeminoleFLTampa-St. Petersburg-Clearwater, FL2020156,718 98.4 %2,054 13.31 Sprouts Farmers MarketBealls Outlet, Burlington Stores, T.J.Maxx-
85 Cobblestone VillageSt. AugustineFLJacksonville, FL2003270,504 99.5 %4,183 15.54 PublixBealls, Bed Bath & Beyond, Michaels, Party City, Petco-
86 Dolphin VillageSt. Pete BeachFLTampa-St. Petersburg-Clearwater, FL1990135,796 80.1 %1,794 16.48 PublixCVS, Dollar Tree-
87 Rutland PlazaSt. PetersburgFLTampa-St. Petersburg-Clearwater, FL2002149,562 100.0 %1,457 9.74 Winn-Dixie (Southeastern Grocers)Bealls Outlet, Big Lots-
88 Tyrone Gardens (3)St. PetersburgFLTampa-St. Petersburg-Clearwater, FL2021195,214 87.4 %1,963 11.51 Winn-Dixie (Southeastern Grocers)Big Lots, Chuck E. Cheese’s, Crunch Fitness-
89 Downtown PublixStuartFLPort St. Lucie, FL2000151,246 72.2 %1,492 13.67 PublixFlooring USA-
90 Sunrise Town CenterSunriseFLMiami-Fort Lauderdale-Pompano Beach, FL1989110,109 92.3 %1,258 12.38 Patel BrothersDollar Tree, LA FitnessWalmart
91 Carrollwood CenterTampaFLTampa-St. Petersburg-Clearwater, FL200292,678 100.0 %1,753 18.92 PublixRarehues-
92 Ross PlazaTampaFLTampa-St. Petersburg-Clearwater, FL199684,707 98.0 %1,342 16.17 -Dollar Tree, Lumber Liquidators, Ross Dress for Less-
93 Tarpon MallTarpon SpringsFLTampa-St. Petersburg-Clearwater, FL2003145,832 96.9 %2,382 16.85 PublixPetco, T.J.Maxx, Ulta-
94 Venice PlazaVeniceFLNorth Port-Sarasota-Bradenton, FL1999132,345 98.8 %1,049 8.02 Winn-Dixie (Southeastern Grocers)Lumber Liquidators, Pet Supermarket, T.J.Maxx-
95 Venice Shopping CenterVeniceFLNorth Port-Sarasota-Bradenton, FL2000109,801 87.3 %813 8.48 PublixAmerican Freight Furniture-
96 Venice Village (3)VeniceFLNorth Port-Sarasota-Bradenton, FL2021175,342 92.4 %3,029 18.83 PublixJOANN, Planet Fitness-
97 Mansell CrossingAlpharettaGAAtlanta-Sandy Springs-Alpharetta, GA1993280,749 91.7 %3,483 18.11 -Barnes & Noble, DSW, Macy's Furniture Gallery, REI, T.J.MaxxBurlington Stores, buybuy BABY, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
98 Northeast PlazaAtlantaGAAtlanta-Sandy Springs-Alpharetta, GA1952445,042 92.1 %4,690 11.67 City Farmers MarketBuckhead Fight Club, dd's Discounts (Ross), Happy Land Dresses, NCG Cinemas-
99 Augusta West PlazaAugustaGAAugusta-Richmond County, GA-SC2006170,681 99.2 %1,418 8.38 -At Home, Dollar Tree, Hibachi Grill & Supreme Buffet, Octapharma-
100 Sweetwater VillageAustellGAAtlanta-Sandy Springs-Alpharetta, GA198566,197 100.0 %571 8.63 Food DepotFamily Dollar-
101 Vineyards at Chateau ElanBraseltonGAAtlanta-Sandy Springs-Alpharetta, GA200279,047 98.2 %1,217 15.67 Publix--
102 Conyers PlazaConyersGAAtlanta-Sandy Springs-Alpharetta, GA2001171,374 100.0 %2,349 13.71 Walmart Supercenter*JOANN, PetSmart, Value VillageThe Home Depot
103 Cordele SquareCordeleGACordele, GA2002127,953 85.4 %766 7.01 Harveys (Southeastern Grocers)Belk, Citi Trends, Cordele Theatres-
104 Salem Road StationCovingtonGAAtlanta-Sandy Springs-Alpharetta, GA200067,270 98.1 %798 12.10 Publix--
105 Keith Bridge CommonsCummingGAAtlanta-Sandy Springs-Alpharetta, GA200294,886 95.1 %1,258 13.94 Kroger--
106 Northside DaltonGADalton, GA200173,931 97.3 %639 8.88 -Dollar Tree-
107 Cosby StationDouglasvilleGAAtlanta-Sandy Springs-Alpharetta, GA199477,811 100.0 %935 12.02 Publix--
108 Park Plaza DouglasvilleGAAtlanta-Sandy Springs-Alpharetta, GA198646,670 95.0 %759 17.19 Kroger*--
109 WestgateDublinGADublin, GA2004104,794 93.2 %677 6.93 -Big Lots, Citi Trends, Planet FitnessThe Home Depot
110 Venture PointeDuluthGAAtlanta-Sandy Springs-Alpharetta, GA1995155,172 100.0 %1,687 10.87 Costco*American Signature Furniture, Ollie's Bargain Outlet, Studio Movie GrillBig Lots
111 Banks StationFayettevilleGAAtlanta-Sandy Springs-Alpharetta, GA2006178,871 98.1 %1,524 9.98 Food DepotStaples-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 42
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
112 Barrett PlaceKennesawGAAtlanta-Sandy Springs-Alpharetta, GA1992218,818 100.0 %2,622 11.98 ALDIBest Buy, Duluth Trading, Georgia Furniture Mart, Michaels, OfficeMax, PetSmart-
113 Shops of HuntcrestLawrencevilleGAAtlanta-Sandy Springs-Alpharetta, GA200397,040 95.6 %1,325 14.28 Publix--
114 Mableton WalkMabletonGAAtlanta-Sandy Springs-Alpharetta, GA1994105,884 89.6 %1,471 15.50 Publix--
115 The Village at MabletonMabletonGAAtlanta-Sandy Springs-Alpharetta, GA1959229,013 56.0 %1,039 8.10 -Dollar Tree, Ollie's Bargain Outlet, Planet Fitness-
116 Marshalls at Eastlake MariettaGAAtlanta-Sandy Springs-Alpharetta, GA198254,976 100.0 %604 10.99 -Marshalls-
117 New Chastain CornersMariettaGAAtlanta-Sandy Springs-Alpharetta, GA2004113,079 96.5 %1,258 11.53 Kroger--
118 Pavilions at EastlakeMariettaGAAtlanta-Sandy Springs-Alpharetta, GA1996147,538 90.6 %1,970 14.74 Kroger--
119 Creekwood VillageRexGAAtlanta-Sandy Springs-Alpharetta, GA199069,778 100.0 %665 9.53 Food Depot--
120 Holcomb Bridge CrossingRoswellGAAtlanta-Sandy Springs-Alpharetta, GA198893,420 89.1 %936 11.24 -PGA TOUR Superstore-
121 Victory SquareSavannahGASavannah, GA2007119,919 97.3 %1,684 14.43 SuperTarget*Citi Trends, Dollar Tree, NCG Cinemas, StaplesThe Home Depot
122 Stockbridge VillageStockbridgeGAAtlanta-Sandy Springs-Alpharetta, GA2008188,135 95.2 %2,997 16.74 Kroger--
123 Stone Mountain FestivalStone MountainGAAtlanta-Sandy Springs-Alpharetta, GA2006347,091 83.0 %1,640 5.69 Walmart SupercenterNCG Cinemas-
124 Wilmington IslandWilmington IslandGASavannah, GA1985101,462 96.1 %1,091 11.18 Kroger--
125 Haymarket MallDes MoinesIADes Moines-West Des Moines, IA1979226,243 90.3 %1,306 6.40 -Burlington Stores, Harbor Freight Tools, Hobby Lobby-
126 Haymarket SquareDes MoinesIADes Moines-West Des Moines, IA1979269,705 97.4 %1,771 6.74 Price ChopperBig Lots, Genesis Health Club, Many Hands Thrift, Northern Tool + Equipment, Office Depot-
127 Annex of ArlingtonArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI1999199,663 96.5 %3,710 19.25 Trader Joe'sChuck E. Cheese's, Kirkland's, Petco, Ulta-
128 Ridge PlazaArlington HeightsILChicago-Naperville-Elgin, IL-IN-WI2000151,643 96.0 %2,034 13.97 -XSport FitnessKohl's
129 Southfield PlazaBridgeviewILChicago-Naperville-Elgin, IL-IN-WI2006196,445 99.5 %2,395 12.25 Shop & Save MarketHobby Lobby, Octapharma, Planet Fitness, Walgreens-
130 Commons of Chicago RidgeChicago RidgeILChicago-Naperville-Elgin, IL-IN-WI1998324,977 92.6 %4,463 16.02 -Marshalls, Ross Dress for Less, The Home Depot, XSport Fitness-
131 Rivercrest Shopping CenterCrestwoodILChicago-Naperville-Elgin, IL-IN-WI1992541,651 82.7 %5,437 12.98 -AMC Theatres, At Home, Burlington Stores, Five Below, Party City, PetSmart, Planet Fitness, Ross Dress for Less-
132 The Commons of Crystal LakeCrystal LakeILChicago-Naperville-Elgin, IL-IN-WI1987273,060 80.2 %2,282 10.42 Jewel-Osco (Albertsons)Burlington StoresHobby Lobby
133 Elk Grove Town CenterElk Grove VillageILChicago-Naperville-Elgin, IL-IN-WI199859,409 95.3 %1,076 19.00 -Dollar Tree, Walgreens-
134 Freeport PlazaFreeportILFreeport, IL200087,846 86.9 %561 7.35 Cub Foods (United Natural Foods Inc.)--
135 The Quentin CollectionKildeerILChicago-Naperville-Elgin, IL-IN-WI2006171,530 69.9 %1,724 14.37 -Best Buy, Painted Tree Marketplace, PetSmart-
136 Butterfield SquareLibertyvilleILChicago-Naperville-Elgin, IL-IN-WI1997106,683 82.1 %1,372 15.66 Sunset Foods--
137 High Point CentreLombardILChicago-Naperville-Elgin, IL-IN-WI2019240,007 61.0 %1,732 11.82 -Altitude Trampoline Park, David's Bridal, JOANN, LA Fitness-
138 Long Meadow CommonsMundeleinILChicago-Naperville-Elgin, IL-IN-WI1997118,281 93.9 %1,732 16.46 Jewel-OscoPlanet Fitness-
139 Westridge Court (2)NapervilleILChicago-Naperville-Elgin, IL-IN-WI1992682,626 60.1 %6,372 15.84 -Bed Bath & Beyond, buybuy BABY, Cost Plus World Market, Edge Fitness, La-Z-Boy Furniture, Painted Tree Marketplace, Party City, Star Cinema Grille, Ulta-
140 Rollins CrossingRound Lake BeachILChicago-Naperville-Elgin, IL-IN-WI1998192,913 94.5 %1,950 17.79 -Asian Grill Sushi Buffet, LA Fitness, Regal Cinemas-
141 Tinley Park Plaza (3)Tinley ParkILChicago-Naperville-Elgin, IL-IN-WI2021232,898 76.7 %2,717 15.20 TBABurlington Stores, Planet Fitness, Tile Shop-
142 Meridian VillageCarmelINIndianapolis-Carmel-Anderson, IN1990130,769 94.9 %1,311 10.57 -Godby Home Furnishings, Just Click For It, Ollie's Bargain Outlet-
143 Columbus CenterColumbusINColumbus, IN1964142,989 100.0 %1,729 12.09 -Five Below, OfficeMax, Pet Supplies Plus, T.J.Maxx, UltaTarget
144 Apple Glen CrossingFort WayneINFort Wayne, IN2002150,227 93.5 %1,773 16.00 Walmart Supercenter*Best Buy, Dick's Sporting Goods, PetSmartKohl's
145 Market CentreGoshenINElkhart-Goshen, IN1994211,680 89.5 %2,428 12.81 Walmart Supercenter*Burlington Stores, JOANN, Ross Dress for Less, Staples-
146 Speedway Super Center (3)SpeedwayINIndianapolis-Carmel-Anderson, IN2021595,550 88.5 %6,129 11.84 KrogerBurlington Stores, Harbor Freight Tools, Kohl's, Oak Street Health Center, Petco, Ross Dress for Less, Sears Outlet, T.J.Maxx-
147 Sagamore Park CentreWest LafayetteINLafayette-West Lafayette, IN2018132,027 100.0 %1,394 10.56 Pay Less (Kroger)--
148 Westchester SquareLenexaKSKansas City, MO-KS1987161,701 90.3 %1,490 10.20 Hy-Vee--
149 West Loop Shopping CenterManhattanKSManhattan, KS2013214,898 99.5 %2,106 15.82 Dillons (Kroger)Bellus Academy, JOANN, Marshalls-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 43
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
150 North Dixie PlazaElizabethtownKYElizabethtown-Fort Knox, KY1992130,466 98.4 %1,022 7.96 -At Home, Staples-
151 Florence Plaza - Florence Square (2)FlorenceKYCincinnati, OH-KY-IN2014686,741 94.5 %7,805 15.31 KrogerBarnes & Noble, Bob's Discount Furniture, Burlington Stores, David's Bridal, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Staples, T.J.Maxx-
152 Jeffersontown CommonsJeffersontownKYLouisville/Jefferson County, KY-IN1959208,374 95.2 %1,894 10.05 -King Pin Lanes, Louisville Athletic Club-
153 London MarketplaceLondonKYLondon, KY1994165,826 99.0 %1,553 9.46 KrogerGoody's, Kohl's, Marshalls, Planet Fitness-
154 Eastgate Shopping CenterLouisvilleKYLouisville/Jefferson County, KY-IN2002174,947 98.3 %2,012 11.70 KrogerPetco-
155 Plainview VillageLouisvilleKYLouisville/Jefferson County, KY-IN1997157,971 87.5 %1,465 11.21 Kroger--
156 Stony Brook I & IILouisvilleKYLouisville/Jefferson County, KY-IN1988158,940 97.3 %1,937 12.52 Kroger Marketplace--
157 Points West PlazaBrocktonMABoston-Cambridge-Newton, MA-NH1960141,451 94.6 %1,025 7.66 America's Food BasketCiti Trends, Crunch Fitness, Jerusalem Discount Furniture-
158 Burlington Square I, II & IIIBurlingtonMABoston-Cambridge-Newton, MA-NH199279,698 84.4 %1,951 29.01 -Golf Galaxy, StaplesDuluth Trading Co.
159 Holyoke Shopping CenterHolyokeMASpringfield, MA2000195,995 93.1 %1,660 13.41 Super Stop & Shop (Ahold Delhaize)JOANN, Ocean State Job Lot-
160 WaterTower PlazaLeominsterMAWorcester, MA-CT2000284,757 74.2 %2,854 14.19 -Barnes & Noble, Michaels, Party City, Petco, Staples, The Paper Store, T.J.Maxx-
161 Lunenberg CrossingLunenburgMAWorcester, MA-CT199425,515 100.0 %366 14.35 Hannaford Bros. (Ahold Delhaize)*-Walmart
162 Lynn MarketplaceLynnMABoston-Cambridge-Newton, MA-NH196878,046 95.5 %1,412 18.94 Stop And CompareCrunch Fitness, Rainbow Shops-
163 Webster Square Shopping CenterMarshfieldMABoston-Cambridge-Newton, MA-NH2005182,756 100.0 %2,666 14.59 Star Market (Albertsons)Marshalls, Ocean State Job Lot-
164 Berkshire CrossingPittsfieldMAPittsfield, MA1994188,444 96.4 %2,854 15.71 Market 32Barnes & Noble, Michaels, Staples, UltaThe Home Depot, Walmart
165 Westgate PlazaWestfieldMASpringfield, MA1996126,073 98.2 %1,376 13.61 ALDIFive Below, Ocean State Job Lot, Staples, T.J.Maxx-
166 Perkins Farm MarketplaceWorcesterMAWorcester, MA-CT1967205,048 97.4 %2,395 19.28 Super Stop & Shop (Ahold Delhaize)Citi Trends, Crunch Fitness, Ollie's Bargain Outlet-
167 South Plaza Shopping CenterCaliforniaMDCalifornia-Lexington Park, MD200592,335 100.0 %1,827 19.79 -Best Buy, Old Navy, Petco, Ross Dress for Less-
168 Campus Village ShoppesCollege ParkMDWashington-Arlington-Alexandria, DC-VA-MD-WV198625,528 100.0 %898 35.18 ---
169 Fox Run (3)Prince FrederickMDWashington-Arlington-Alexandria, DC-VA-MD-WV2021310,071 88.7 %4,127 15.80 Giant Food (Ahold Delhaize)Big Lots, Five Below, JOANN, Planet Fitness, Ross Dress for Less, Ulta-
170 Pine Tree Shopping CenterPortlandMEPortland-South Portland, ME1958287,513 94.8 %1,810 17.37 -Big Lots, Dollar Tree, JOANN, Lowe's, O'Reilly Auto Parts-
171 Arborland CenterAnn ArborMIAnn Arbor, MI2000403,536 91.1 %6,551 18.08 KrogerBed Bath & Beyond, DSW, Gardner White Furniture, Marshalls, Michaels, Nordstrom Rack, Ulta-
172 Maple VillageAnn ArborMIAnn Arbor, MI2020294,029 85.5 %4,261 16.94 Plum MarketDunham's Sports, HomeGoods, LA Fitness, Sierra Trading Post, Ulta-
173 Grand CrossingBrightonMIDetroit-Warren-Dearborn, MI200585,389 93.0 %955 12.03 Busch’s Fresh Food MarketAce Hardware-
174 Farmington CrossroadsFarmingtonMIDetroit-Warren-Dearborn, MI198679,068 100.0 %876 11.08 -Dollar Tree, Ollie's Bargain Outlet, True Value-
175 Silver Pointe Shopping CenterFentonMIFlint, MI1996164,632 96.4 %2,077 13.18 VG's Food (SpartanNash)Dunham's Sports, Glik'sFive Below, Michaels, T.J.Maxx
176 Cascade East Grand RapidsMIGrand Rapids-Kentwood, MI198399,529 80.7 %654 8.15 D&W Fresh Market (SpartanNash)--
177 Delta CenterLansingMILansing-East Lansing, MI1985163,346 96.3 %1,513 9.77 -Bed Bath & Beyond, DXL Destination XL, Planet Fitness-
178 Lakes CrossingMuskegonMIMuskegon, MI2008104,600 96.2 %1,538 15.29 -JOANN, Party City, Shoe Carnival, UltaKohl's
179 Redford PlazaRedfordMIDetroit-Warren-Dearborn, MI1992280,883 87.3 %2,738 11.17 Prince Valley MarketBurlington Stores, Citi Trends, Dollar Tree-
180 Hampton Village CentreRochester HillsMIDetroit-Warren-Dearborn, MI2004470,276 92.4 %6,518 19.91 TBADSW, Emagine Theatre, Five Below, Kohl's, Old Navy, Petco, T.J.Maxx, UltaTarget
181 Fashion CornersSaginawMISaginaw, MI2004184,735 98.0 %1,932 10.68 -Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools-
182 Southfield PlazaSouthfieldMIDetroit-Warren-Dearborn, MI1970101,724 100.0 %1,252 12.31 -Citi Trends, Party City, Planet FitnessBurlington Stores
183 18 RyanSterling HeightsMIDetroit-Warren-Dearborn, MI1997101,564 100.0 %947 9.32 Dream MarketO'Reilly Auto Parts, Planet Fitness-
184 Delco PlazaSterling HeightsMIDetroit-Warren-Dearborn, MI1996154,853 100.0 %1,109 7.16 -Amish Direct Furniture, Bed Bath & Beyond, Dunham's Mega Sports, Urban Air Adventure Park-
185 West RidgeWestlandMIDetroit-Warren-Dearborn, MI1989162,874 75.8 %1,413 11.45 -Bed Bath & Beyond, Crunch Fitness, Party City, PetcoBurlington Stores, Target
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 44
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
186 Washtenaw Fountain PlazaYpsilantiMIAnn Arbor, MI2005122,762 95.4 %914 7.81 Save-A-LotBig Lots, Dollar Tree, Planet Fitness-
187 Southport Centre I - VIApple ValleyMNMinneapolis-St. Paul-Bloomington, MN-WI1985124,243 100.0 %2,288 18.42 SuperTarget*Best Buy, Dollar Tree, Walgreens-
188 Champlin MarketplaceChamplinMNMinneapolis-St. Paul-Bloomington, MN-WI200591,970 100.0 %1,233 13.41 Cub Foods (United Natural Foods Inc.)--
189 Burning Tree PlazaDuluthMNDuluth, MN-WI1987183,087 96.2 %2,355 13.37 -Best Buy, David's Bridal, HomeGoods, JOANN, T.J.Maxx-
190 Elk Park CenterElk RiverMNMinneapolis-St. Paul-Bloomington, MN-WI1999205,009 85.8 %2,010 11.43 Cub Foods (Jerry's Foods)Planet Fitness-
191 Westwind PlazaMinnetonkaMNMinneapolis-St. Paul-Bloomington, MN-WI200791,620 91.2 %1,771 22.14 Cub Foods (United Natural Foods Inc.)*--
192 Richfield HubRichfieldMNMinneapolis-St. Paul-Bloomington, MN-WI1952213,595 96.5 %2,312 11.22 -Marshalls, Michaels-
193 Roseville CenterRoseville MNMinneapolis-St. Paul-Bloomington, MN-WI202181,506 94.1 %1,017 19.50 ALDI, Cub Foods (Jerry's Foods)*Dollar Tree-
194 Marketplace @ 42SavageMNMinneapolis-St. Paul-Bloomington, MN-WI1999118,693 100.0 %1,928 16.24 Fresh Thyme Farmers MarketDollar Tree, Marshalls-
195 Sun Ray Shopping CenterSt. PaulMNMinneapolis-St. Paul-Bloomington, MN-WI1958290,897 83.8 %2,350 13.19 Cub Foods (United Natural Foods Inc.)BioLife Plasma Services, Planet Fitness, T.J.Maxx, Valu Thrift Store-
196 White Bear Hills Shopping CenterWhite Bear LakeMNMinneapolis-St. Paul-Bloomington, MN-WI199673,065 100.0 %1,111 15.21 Festival FoodsDollar Tree-
197 Ellisville SquareEllisvilleMOSt. Louis, MO-IL1989137,446 95.5 %1,659 12.96 ALDIMichaels, Party City, Petco, Tuesday Morning-
198 Hub Shopping CenterIndependenceMOKansas City, MO-KS1995160,423 94.8 %885 6.21 Price ChopperDollar Tree-
199 Watts Mill PlazaKansas CityMOKansas City, MO-KS1997161,717 94.1 %1,266 8.32 Price ChopperAce Hardware-
200 Liberty CornersLibertyMOKansas City, MO-KS1987124,808 98.3 %1,146 9.34 Price Chopper--
201 Maplewood SquareMaplewoodMOSt. Louis, MO-IL199871,590 95.4 %466 6.82 Schnucks--
202 Devonshire PlaceCaryNCRaleigh-Cary, NC1996106,680 100.0 %1,572 15.05 -Burlington Stores, Dollar Tree, Harbor Freight Tools, REI-
203 McMullen Creek MarketCharlotteNCCharlotte-Concord-Gastonia, NC-SC1988284,224 94.3 %4,272 15.94 Walmart Neighborhood MarketBurlington Stores, Dollar Tree, Staples-
204 The Commons at Chancellor ParkCharlotteNCCharlotte-Concord-Gastonia, NC-SC1994348,604 89.6 %1,943 9.40 Patel BrothersBig Lots, Gabriel Brothers, The Home Depot, Value City Furniture-
205 Macon PlazaFranklinNC200192,583 75.6 %495 17.80 Food Lion (Ahold Delhaize)--
206 Garner Towne SquareGarnerNCRaleigh-Cary, NC1997184,257 93.1 %2,448 14.26 LIDLBurn Boot Camp, Citi Trends, Harbor Freight Tools, OfficeMax, PetSmartTarget, The Home Depot
207 Franklin SquareGastoniaNCCharlotte-Concord-Gastonia, NC-SC1989317,824 92.6 %3,683 13.95 Walmart Supercenter*Best Buy, Burke's Outlet, Dollar Tree, Five Below, Michaels, Partners in Primary Care, Ross Dress for Less, Skechers-
208 Wendover PlaceGreensboroNCGreensboro-High Point, NC2000406,768 98.7 %5,784 14.40 -Burlington Stores, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Rainbow Shops, Ross Dress for Less, UltaTarget
209 University CommonsGreenvilleNCGreenville, NC1996233,153 95.5 %3,065 13.77 Harris Teeter (Kroger)Barnes & Noble, Overstock Furniture & Mattress, Petco, T.J.MaxxTarget
210 Valley CrossingHickoryNCHickory-Lenoir-Morganton, NC2014191,431 98.8 %1,782 9.42 -Academy Sports + Outdoors, American Freight Furniture, Dollar Tree, Harbor Freight Tools, Ollie's Bargain Outlet-
211 Kinston PointeKinstonNCKinston, NC2001250,580 99.6 %1,076 4.34 Walmart SupercenterDollar Tree-
212 Magnolia PlazaMorgantonNCHickory-Lenoir-Morganton, NC199093,553 83.9 %653 8.32 -Big Lots, Harbor Freight ToolsRural King
213 Roxboro SquareRoxboroNCDurham-Chapel Hill, NC200597,226 100.0 %1,567 16.12 -Person County Health & Human Services-
214 Innes Street MarketSalisburyNCCharlotte-Concord-Gastonia, NC-SC2002349,425 98.7 %4,150 12.03 Food Lion (Ahold Delhaize)Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown-
215 CrossroadsStatesvilleNCCharlotte-Concord-Gastonia, NC-SC1997127,926 99.3 %1,662 13.08 Walmart Supercenter*Big Lots, Burkes OutletTractor Supply Co.
216 Anson StationWadesboroNCCharlotte-Concord-Gastonia, NC-SC1988132,353 83.1 %732 6.66 Food Lion (Ahold Delhaize)Rose's, Tractor Supply Co.-
217 New Centre MarketWilmingtonNCWilmington, NC1998143,762 95.1 %1,981 14.90 -Burlington Stores, PetSmart, PopShelf, Sportsmans WarehouseTarget
218 University CommonsWilmingtonNCWilmington, NC2007235,345 91.6 %3,514 16.30 Lowes FoodsHomeGoods, T.J.Maxx-
219 Whitaker SquareWinston SalemNCWinston-Salem, NC199682,760 96.6 %1,199 15.00 Harris Teeter (Kroger)--
220 Parkway PlazaWinston-SalemNCWinston-Salem, NC2005282,493 80.8 %2,643 12.62 Super Compare FoodsBadcock Home Furniture, Citi Trends, Modern Home, Office Depot-
221 Stratford CommonsWinston-SalemNCWinston-Salem, NC199572,308 67.5 %685 14.04 -Golf Galaxy, Mattress Firm-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 45
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
222 Bedford GroveBedfordNHManchester-Nashua, NH198997,602 94.5 %1,601 17.35 -Bed Bath & Beyond, Boston Interiors-
223 Capitol Shopping CenterConcordNHConcord, NH2001191,887 92.7 %2,049 11.80 Market Basket (DeMoulas Supermarkets)Burlington Stores, JOANN, Marshalls-
224 Willow Springs PlazaNashua NHManchester-Nashua, NH1990131,248 100.0 %2,515 20.89 Patel BrothersNew Hampshire Liquor and Wine Outlet, PetcoThe Home Depot
225 Seacoast Shopping CenterSeabrook NHBoston-Cambridge-Newton, MA-NH199191,690 82.3 %548 7.26 -JOANN, The Zoo Health ClubAshley Furniture, Cardi's Furniture, Ocean State Job Lot
226 Tri-City PlazaSomersworthNHBoston-Cambridge-Newton, MA-NH1990150,504 96.6 %1,510 10.39 Market Basket (DeMoulas Supermarkets)Staples, T.J.Maxx-
227 Laurel Square (3)BrickNJNew York-Newark-Jersey City, NY-NJ-PA2021246,235 78.7 %1,629 8.41 Corrado's MarketAt Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square-
228 The Shoppes at CinnaminsonCinnaminsonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2010301,211 96.7 %4,669 23.83 ShopRiteBurlington Stores, Planet Fitness, Ross Dress For Less-
229 Acme ClarkClarkNJNew York-Newark-Jersey City, NY-NJ-PA200752,812 100.0 %1,422 26.93 Acme (Albertsons)--
230 Collegetown Shopping CenterGlassboroNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2021228,798 96.8 %3,054 13.96 LIDLBig Lots, LA Fitness, Ross Dress for Less, Staples-
231 Hamilton PlazaHamiltonNJTrenton-Princeton, NJ1972160,969 90.7 %2,094 14.34 Grocery Outlet2nd Ave, Crab Du Jour, Dollar Tree, Family Dollar, Planet Fitness, Rothman Orthopaedic Institue-
232 Bennetts Mills PlazaJacksonNJNew York-Newark-Jersey City, NY-NJ-PA2002127,230 88.1 %1,506 13.43 Super Stop & Shop (Ahold Delhaize)Pet Supplies Plus-
233 Marlton CrossingMarltonNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2019337,878 94.4 %6,858 21.61 Sprouts Farmers MarketBurlington Stores, DSW, HomeGoods, Michaels, T.J. Maxx-
234 Middletown PlazaMiddletownNJNew York-Newark-Jersey City, NY-NJ-PA2001197,066 97.3 %3,646 19.28 -Petco, Walgreens-
235 Larchmont CentreMount LaurelNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1985103,787 90.3 %1,171 30.33 ShopRite--
236 Old Bridge Gateway (3)Old BridgeNJNew York-Newark-Jersey City, NY-NJ-PA2021254,707 92.6 %4,215 18.01 Bhavani Food Market, TBAMarshalls, Pep Boys, Petco, Robert Wood Johnson Fitness-
237 Morris Hills Shopping CenterParsippanyNJNew York-Newark-Jersey City, NY-NJ-PA1994159,561 100.0 %2,938 18.41 -Blink Fitness (Equinox), Cinepolis, HomeGoods, Marshalls-
238 Rio Grande PlazaRio GrandeNJOcean City, NJ1997136,822 69.6 %1,255 13.18 ShopRite*PetSmart, Planet Fitness-
239 Ocean Heights PlazaSomers PointNJAtlantic City-Hammonton, NJ2006179,199 93.1 %3,226 19.34 ShopRiteDollar Tree, Staples-
240 Springfield PlaceSpringfieldNJNew York-Newark-Jersey City, NY-NJ-PA196536,209 95.0 %560 16.28 ShopRite--
241 Tinton Falls PlazaTinton FallsNJNew York-Newark-Jersey City, NY-NJ-PA200687,760 96.5 %1,465 17.30 -Dollar Tree, Jersey Strong-
242 Cross Keys CommonsTurnersvilleNJPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989216,205 91.6 %2,995 15.69 Walmart Supercenter*Dollar Tree, Marshalls, Rainbow Shops, Ross Dress for Less, Staples, Ulta-
243 Parkway PlazaCarle PlaceNYNew York-Newark-Jersey City, NY-NJ-PA199389,704 100.0 %2,884 32.15 ALDIT.J.Maxx-
244 Erie Canal CentreDeWittNYSyracuse, NY2018123,404 100.0 %1,727 14.00 -Burlington Stores, Dick's Sporting Goods, Michaels-
245 Unity Plaza East FishkillNYPoughkeepsie-Newburgh-Middletown, NY200567,462 100.0 %1,452 21.52 Acme (Albertsons)True Value-
246 Suffolk PlazaEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199884,316 82.4 %1,477 21.88 BJ's Wholesale*, TBAFive BelowKohl's, Walmart
247 Three Village Shopping CenterEast SetauketNYNew York-Newark-Jersey City, NY-NJ-PA199177,458 94.4 %2,069 28.28 Stop & Shop*, Wild by Nature Market*Ace HardwareRite Aid
248 Stewart Plaza (3)Garden CityNYNew York-Newark-Jersey City, NY-NJ-PA2021207,893 100.0 %4,016 19.51 -Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites-
249 Dalewood I, II & III Shopping CenterHartsdaleNYNew York-Newark-Jersey City, NY-NJ-PA1972194,441 94.9 %6,460 35.81 H-MartChristmas Tree Shops, T.J.Maxx-
250 Cayuga MallIthacaNYIthaca, NY1969204,405 84.0 %1,561 9.96 -Big Lots, Dollar Tree, JOANN, Party City, Planet Fitness, True Value-
251 Kings Park PlazaKings ParkNYNew York-Newark-Jersey City, NY-NJ-PA198572,208 100.0 %1,629 22.56 Key Food MarketplaceT.J.Maxx-
252 Village Square Shopping CenterLarchmontNYNew York-Newark-Jersey City, NY-NJ-PA198117,000 100.0 %612 36.00 Trader Joe's--
253 Falcaro's PlazaLawrenceNYNew York-Newark-Jersey City, NY-NJ-PA197261,904 100.0 %1,515 24.47 KolSave Market*Advance Auto Parts, Dollar Tree, Planet Fitness-
254 Mamaroneck CentreMamaroneckNYNew York-Newark-Jersey City, NY-NJ-PA202036,848 95.1 %1,329 37.93 North Shore FarmsCVS-
255 Sunshine SquareMedfordNYNew York-Newark-Jersey City, NY-NJ-PA2007223,322 95.0 %3,142 15.29 Super Stop & Shop (Ahold Delhaize)Lumber Liquidators, Planet Fitness, Savers-
256 Wallkill PlazaMiddletownNYPoughkeepsie-Newburgh-Middletown, NY1986209,910 100.0 %2,328 11.43 -Big Lots, Citi Trends, David's Bridal, Hobby Lobby-
257 Monroe ShopRite PlazaMonroeNYPoughkeepsie-Newburgh-Middletown, NY1985122,007 100.0 %1,982 16.25 ShopRiteBetter Lifestyle Club, U.S. Post Office, Walgreens-
258 Rockland PlazaNanuetNYNew York-Newark-Jersey City, NY-NJ-PA2006251,322 83.2 %5,115 26.69 A Matter of HealthBarnes & Noble, Marshalls, Petco-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 46
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
259 North Ridge Shopping CenterNew RochelleNYNew York-Newark-Jersey City, NY-NJ-PA197139,429 87.8 %1,294 37.37 -Harmon Discount-
260 Nesconset Shopping CenterPort Jefferson StationNYNew York-Newark-Jersey City, NY-NJ-PA1961129,996 97.3 %3,261 25.78 -Dollar Tree, HomeGoods-
261 Roanoke PlazaRiverheadNYNew York-Newark-Jersey City, NY-NJ-PA200299,131 100.0 %2,031 20.49 Fine FareCVS, T.J.Maxx-
262 Riverhead RiverheadNYNew York-Newark-Jersey City, NY-NJ-PA2018120,089 100.0 %3,017 25.12 Costco*HomeSense, Marshalls, Petsmart, Ulta-
263 Rockville CentreRockville CentreNYNew York-Newark-Jersey City, NY-NJ-PA197544,131 100.0 %1,265 28.67 -HomeGoods, Rite Aid-
264 College PlazaSeldenNYNew York-Newark-Jersey City, NY-NJ-PA2013184,714 97.6 %3,206 21.22 ShopRiteWren KitchensFirestone
265 Campus PlazaVestalNYBinghamton, NY2003160,744 98.7 %1,939 12.22 -Olum's Furniture & Appliances, Staples, Walgreens-
266 Parkway PlazaVestalNYBinghamton, NY1995207,154 100.0 %2,160 10.43 -Bed Bath & Beyond, Kohl's, PetSmartTarget
267 Shoppes at VestalVestalNYBinghamton, NY200092,328 95.3 %1,432 16.27 -HomeGoods, Michaels, Old Navy-
268 Town Square MallVestalNYBinghamton, NY1991291,346 90.9 %4,351 16.42 Sam's Club*, Walmart Supercenter*AMC Theatres, Barnes & Noble, Dick's Sporting Goods, Dollar Tree, DSW, T.J.Maxx, Ulta-
269 The Plaza at Salmon RunWatertownNYWatertown-Fort Drum, NY199368,761 94.1 %714 11.03 Hannaford Bros. (Ahold Delhaize)Red Robin Gourmet BurgerLowe's
270 Highridge PlazaYonkersNYNew York-Newark-Jersey City, NY-NJ-PA197788,501 98.4 %2,868 32.94 H-Mart--
271 Brunswick Town CenterBrunswickOHCleveland-Elyria, OH2004143,282 98.9 %2,152 15.74 Giant Eagle-The Home Depot
272 Brentwood PlazaCincinnatiOHCincinnati, OH-KY-IN2004223,843 94.5 %2,596 18.81 KrogerPetco, Planet Fitness, Rainbow Shops-
273 Delhi Shopping CenterCincinnatiOHCincinnati, OH-KY-IN1973163,651 98.8 %1,494 9.24 KrogerPet Supplies Plus, Salvation Army-
274 Harpers StationCincinnatiOHCincinnati, OH-KY-IN1994253,356 96.0 %3,549 14.59 Fresh Thyme Farmers MarketHomeGoods, LA Fitness, Pet Supplies Plus, T.J.Maxx-
275 Western Hills PlazaCincinnatiOHCincinnati, OH-KY-IN2021240,022 98.3 %4,901 21.56 -Michaels, Old Navy, PetSmart, Staples, T.J.Maxx, UltaTarget
276 Western VillageCincinnatiOHCincinnati, OH-KY-IN2005115,791 97.8 %1,221 37.48 Kroger--
277 Crown PointColumbusOHColumbus, OH1980144,931 94.5 %1,418 10.35 KrogerDollar Tree, Planet Fitness-
278 Greentree Shopping CenterColumbusOHColumbus, OH2005131,573 83.9 %1,204 11.76 Kroger--
279 Brandt Pike PlaceDaytonOHDayton-Kettering, OH200817,900 100.0 %209 11.68 Kroger*--
280 South Towne CentreDaytonOHDayton-Kettering, OH1972333,998 96.7 %4,405 13.96 Health Foods UnlimitedBurlington Stores, Christmas Tree Shops, JOANN, Party City, Petsmart, Value City Furniture-
281 Southland Shopping CenterMiddleburg HeightsOHCleveland-Elyria, OH1951582,492 78.8 %5,451 11.87 BJ's Wholesale Club*, Giant Eagle, Marc'sCleveland Furniture Bank, JOANN, Marshalls, Party City, UFC Gym-
282 The Shoppes at North OlmstedNorth OlmstedOHCleveland-Elyria, OH200270,003 100.0 %1,174 16.77 -Ollie's Bargain Outlet, Sears Outlet-
283 Surrey Square MallNorwoodOHCincinnati, OH-KY-IN2010175,167 83.1 %2,098 34.22 Kroger--
284 Brice ParkReynoldsburgOHColumbus, OH1989158,300 98.3 %1,580 11.44 -Ashley Furniture, Citi Trends, Dollar Tree, Michaels, Sheetz-
285 Miracle Mile Shopping PlazaToledoOHToledo, OH1955289,105 83.8 %1,712 12.57 KrogerBig Lots, Crunch Fitness, Harbor Freight Tools-
286 MarketplaceTulsaOKTulsa, OK1992186,851 100.0 %1,920 10.28 -Basset Home Furnishings, Boot Barn, Conn's, David's Bridal, PetSmartBest Buy
287 Village WestAllentownPAAllentown-Bethlehem-Easton, PA-NJ1999140,474 86.0 %2,336 19.33 Giant Food (Ahold Delhaize)CVS, Dollar Tree-
288 Park Hills PlazaAltoonaPAAltoona, PA1985266,512 87.4 %2,430 10.54 Weis MarketsBurlington Stores, Dunham's Sports, Harbor Freight Tools, Shoe Carnival, Urban Air Adventure Park-
289 Bethel Park Shopping CenterBethel ParkPAPittsburgh, PA1965202,349 100.0 %2,120 11.81 Giant EaglePep Boys, Walmart-
290 Lehigh Shopping CenterBethlehemPAAllentown-Bethlehem-Easton, PA-NJ1955373,766 97.6 %4,090 14.09 Giant Food (Ahold Delhaize)Aetna, Big Lots, Citi Trends, Dollar Tree, Mega Marshalls, PetSmart, Rite Aid, Staples, Wines & Spirits Shoppe-
291 Bristol ParkBristolPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1993260,953 88.6 %1,996 8.88 -Complete Liquidators, Dollar Tree, Family Dollar, Ollie's Bargain Outlet-
292 Chalfont Village Shopping CenterChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD198946,051 69.9 %420 13.04 ---
293 New Britain Village SquareChalfontPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1989143,716 89.0 %2,465 19.28 Giant Food (Ahold Delhaize)Wine & Spirits Shoppe-
294 Collegeville Shopping CenterCollegevillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020110,430 83.4 %1,564 16.99 Kimberton Whole FoodsPep Boys, Rascal Fitness-
295 Plymouth Square Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1959235,608 73.4 %3,548 20.52 Weis MarketsMarshalls, REI-
296 Whitemarsh Shopping CenterConshohockenPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD200276,288 94.0 %1,970 27.46 Giant Food (Ahold Delhaize)--
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 47
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
297 Valley FairDevonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2001105,086 26.8 %539 19.11 ---
298 Dickson City CrossingsDickson CityPAScranton--Wilkes-Barre, PA1997312,699 84.5 %2,800 18.58 -Burlington Stores, Dollar Tree, Gabe's, Party City, PetSmart, The Home Depot, T.J.Maxx-
299 Barn PlazaDoylestownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2002237,681 99.0 %3,667 15.58 -Kohl's, Marshalls, Regal Cinemas-
300 Pilgrim GardensDrexel HillPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD195575,223 98.0 %1,338 18.16 -Dollar Tree, Ross Dress for Less, Tuesday Morning, U.S. Post Office-
301 New Garden CenterKennett SquarePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1979147,370 95.7 %1,141 8.27 -Big Lots, Ollie's Bargain Outlet, Planet Fitness-
302 North Penn Market PlaceLansdalePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD197758,358 93.1 %994 19.60 Weis Markets*--
303 Village at Newtown (3)NewtownPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2021223,004 88.3 %6,658 34.81 McCaffrey'sUlta-
304 IvyridgePhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1963106,348 95.3 %2,770 27.33 -Dollar Tree, Target, Wine & Spirits Shoppe-
305 Roosevelt MallPhiladelphiaPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2020581,405 93.4 %8,205 35.65 -LA Fitness, Macy's, Rainbow Shops, Ross Dress For Less-
306 Shoppes at Valley ForgePhoenixvillePAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD2003176,676 96.4 %1,316 7.73 Redner's Warehouse MarketBig Lots, Staples-
307 County Line PlazaSoudertonPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1971154,608 92.3 %1,595 11.18 ALDIDollar Tree, Planet Fitness, Rite Aid, VF Outlet-
308 69th Street PlazaUpper DarbyPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD199441,711 100.0 %455 10.91 Fresh Grocer (Wakefern)*EZ Bargains, Rent-A-Center, Super Dollar City-
309 Warminster Towne CenterWarminsterPAPhiladelphia-Camden-Wilmington, PA-NJ-DE-MD1997237,152 100.0 %3,801 17.39 ShopRiteHarbor Freight Tools, Old Navy, Party City, PetSmart, Ross Dress for Less, Sportsman's WarehouseKohl's
310 Shops at ProspectWest HempfieldPALancaster, PA199463,392 100.0 %836 13.19 Giant Food (Ahold Delhaize)Penn State Health-
311 Whitehall SquareWhitehallPAAllentown-Bethlehem-Easton, PA-NJ2006315,192 98.9 %3,140 10.08 Redner's Warehouse MarketDollar Tree, Gabe's, Mavis Discount Tires, PetSmart, Ross Dress for Less, Staples-
312 Wilkes-Barre Township MarketplaceWilkes-Barre PAScranton--Wilkes-Barre, PA2004306,440 98.9 %2,486 34.44 Walmart SupercenterChuck E. Cheese's, Cracker Barrel, Party City, Pet Supplies Plus-
313 Belfair Towne VillageBlufftonSCHilton Head Island-Bluffton, SC2006166,639 96.6 %2,617 16.26 KrogerK1 Speed-
314 Milestone PlazaGreenvilleSCGreenville-Anderson, SC199589,721 100.0 %1,664 19.67 Lowes Foods--
315 Circle CenterHilton Head IslandSCHilton Head Island-Bluffton, SC200065,313 100.0 %923 14.13 ---
316 Island PlazaJames IslandSCCharleston-North Charleston, SC1994173,524 97.3 %1,708 10.25 Food Lion (Ahold Delhaize)Dollar Tree, Gold's Gym, Tuesday Morning-
317 Festival CentreNorth CharlestonSCCharleston-North Charleston, SC1987325,347 76.0 %2,269 9.31 -Gold's Gym, New Spring Church, New York Beauty and Fashion, Sears Outlet-
318 Fairview Corners I & IISimpsonvilleSCGreenville-Anderson, SC2003131,002 100.0 %2,444 18.66 -Ross Dress for Less, T.J.MaxxTarget
319 Hillcrest Market PlaceSpartanburgSCSpartanburg, SC1965360,277 74.3 %3,730 14.49 PublixMarshalls, NCG Cinemas, Petco, Ross Dress for Less-
320 East Ridge CrossingChattanooga TNChattanooga, TN-GA199958,950 93.9 %586 10.59 Food Lion (Ahold Delhaize)--
321 Watson Glen Shopping CenterFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988265,948 100.0 %3,041 11.44 ALDIAt Home, Big Lots, Franklin Athletic Club-
322 Williamson SquareFranklinTNNashville-Davidson--Murfreesboro--Franklin, TN1988331,386 99.3 %4,124 12.53 -Family Leisure, Goldfish Swim School, Grace Church Nashville, Hobby Lobby, Painted Tree Marketplace, Planet Fitness-
323 Greeneville CommonsGreenevilleTNGreeneville, TN2002224,139 96.4 %1,930 9.13 -Belk, Burkes Outlet, Five Below, Hobby Lobby, Marshalls, Ross Dress for Less-
324 Kingston OverlookKnoxvilleTNKnoxville, TN1996119,360 100.0 %974 8.16 -Badcock Home Furniture, Painted Tree Marketplace, Urban Air Adventure Park-
325 The Commons at Wolfcreek (2)MemphisTNMemphis, TN-MS-AR2014649,252 95.5 %9,785 16.36 -Academy Sports + Outdoors, Best Buy, Big Lots, Burlington Stores, Dave & Busters, David's Bridal, DSW, Office Depot, Painted Tree Marketplace, PetSmart, T.J.MaxxTarget, The Home Depot
326 Georgetown SquareMurfreesboroTNNashville-Davidson--Murfreesboro--Franklin, TN2003114,117 91.4 %1,374 13.18 KrogerAaron's-
327 Nashboro VillageNashvilleTNNashville-Davidson--Murfreesboro--Franklin, TN199886,811 100.0 %1,151 13.26 Kroger-Walgreens
328 Parmer CrossingAustinTXAustin-Round Rock-Georgetown, TX1989170,605 96.0 %2,115 12.91 Desi BrothersBig Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture, Planet FitnessFry's Electronics
329 Baytown Shopping CenterBaytownTXHouston-The Woodlands-Sugar Land, TX198795,941 90.1 %1,320 15.27 -24 Hour Fitness-
330 El CaminoBellaireTXHouston-The Woodlands-Sugar Land, TX200871,651 98.5 %688 9.75 El Ahorro SupermarketDollar Tree, Family Dollar-
331 TownshireBryanTXCollege Station-Bryan, TX2002136,887 88.8 %946 7.78 -Tops Printing-
332 Central StationCollege StationTXCollege Station-Bryan, TX1976178,245 95.9 %3,084 18.47 -Dollar Tree, HomeGoods, Party City, Spec's LiquorsKohl's
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 48
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
333 Rock Prairie CrossingCollege StationTXCollege Station-Bryan, TX2002118,700 98.1 %1,411 27.97 KrogerCVS-
334 Carmel VillageCorpus ChristiTXCorpus Christi, TX201984,667 100.0 %1,165 13.76 -Crunch Fitness, Dollar Tree, Tuesday Morning-
335 Claremont VillageDallasTXDallas-Fort Worth-Arlington, TX197666,980 98.7 %600 9.18 -Family Dollar-
336 Kessler PlazaDallasTXDallas-Fort Worth-Arlington, TX197568,962 98.2 %747 11.03 -Canales, Family Dollar-
337 Stevens Park VillageDallasTXDallas-Fort Worth-Arlington, TX197445,492 97.0 %472 10.69 -Big Lots, O'Reilly Auto Parts-
338 Webb Royal PlazaDallasTXDallas-Fort Worth-Arlington, TX1961108,545 89.9 %1,158 12.46 El Rio Grande Latin MarketFamily Dollar-
339 Wynnewood Village (3)DallasTXDallas-Fort Worth-Arlington, TX2021464,995 92.8 %6,241 14.74 El Rancho, KrogerFallas, Five Below, Kids Empire, LA Fitness, Mi Doctor, Ross Dress for Less-
340 ParktownDeer ParkTXHouston-The Woodlands-Sugar Land, TX1999118,221 94.1 %1,049 9.43 Food TownBurkes Outlet, Walgreens-
341 Preston RidgeFriscoTXDallas-Fort Worth-Arlington, TX2018789,559 88.6 %15,329 22.08 SuperTarget*Best Buy, Big Lots, Boot Barn, DSW, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, Ross Dress for Less, T.J.Maxx-
342 Ridglea PlazaFort WorthTXDallas-Fort Worth-Arlington, TX1990170,519 92.0 %1,765 11.25 Tom Thumb (Albertsons)Fan Boys, Goody Goody Wine & Spirits-
343 Trinity CommonsFort WorthTXDallas-Fort Worth-Arlington, TX1998197,423 92.5 %3,832 20.98 Tom Thumb (Albertsons)DSW, Ulta-
344 Village PlazaGarlandTXDallas-Fort Worth-Arlington, TX200289,444 98.0 %1,256 14.41 Truong Nguyen Grocer--
345 Highland Village Town CenterHighland VillageTXDallas-Fort Worth-Arlington, TX1996101,874 98.8 %1,201 12.24 -Painted Tree Marketplace, Planet Fitness-
346 Bay Forest HoustonTXHouston-The Woodlands-Sugar Land, TX200471,667 98.0 %778 11.07 Kroger--
347 Beltway SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1998107,174 97.0 %1,007 29.75 Kroger--
348 Braes Heights (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202192,179 89.0 %2,305 28.11 -CVS, I W Marks Jewelers, My Salon Suites-
349 BraesgateHoustonTXHouston-The Woodlands-Sugar Land, TX199791,382 94.5 %642 7.43 Food Town--
350 BroadwayHoustonTXHouston-The Woodlands-Sugar Land, TX200674,717 100.0 %941 13.09 El Ahorro SupermarketBlink Fitness (Equinox), Melrose Fashions-
351 Clear Lake Camino SouthHoustonTXHouston-The Woodlands-Sugar Land, TX1964106,058 90.6 %1,402 15.61 ALDI24 Hour Fitness, Mr. Gatti's Pizza, Spec's Liquors-
352 Hearthstone Corners HoustonTXHouston-The Woodlands-Sugar Land, TX2019208,147 96.6 %2,254 11.21 El RanchoBig Lots, Conn's-
353 Jester Village (3)HoustonTXHouston-The Woodlands-Sugar Land, TX202162,665 88.4 %1,244 22.45 -24 Hour Fitness-
354 Jones Plaza (3)HoustonTXHouston-The Woodlands-Sugar Land, TX2021111,206 80.1 %907 10.19 La Michoacana SupermarketAaron's, Fitness Connection-
355 Jones SquareHoustonTXHouston-The Woodlands-Sugar Land, TX1999169,786 98.9 %1,569 9.34 -Big Lots, Hobby Lobby, Octapharma-
356 MaplewoodHoustonTXHouston-The Woodlands-Sugar Land, TX200499,177 95.5 %893 9.43 FoodaramaBurke's Outlet, Kids Empire-
357 Merchants ParkHoustonTXHouston-The Woodlands-Sugar Land, TX2009246,451 96.9 %3,461 14.49 KrogerBig Lots, Petco, Planet Fitness, Ross Dress for Less, Tuesday Morning-
358 NorthgateHoustonTXHouston-The Woodlands-Sugar Land, TX197240,244 100.0 %354 8.80 El Rancho*Affordable Furniture, Firestone, TitleMax-
359 NorthshoreHoustonTXHouston-The Woodlands-Sugar Land, TX2001223,954 92.6 %2,875 14.09 Sellers Bros.Conn's, Dollar Tree, Office Depot-
360 Northtown PlazaHoustonTXHouston-The Woodlands-Sugar Land, TX1960190,666 92.6 %2,435 13.99 El Rancho99 Cents Only, Crazy Boss Big Discount Store, dd's Discounts (Ross)-
361 Orange GroveHoustonTXHouston-The Woodlands-Sugar Land, TX2005184,704 84.2 %1,629 11.00 -24 Hour Fitness, Floor & Décor-
362 Royal Oaks VillageHoustonTXHouston-The Woodlands-Sugar Land, TX2001146,279 98.5 %3,330 23.10 H-E-B--
363 Tanglewilde CenterHoustonTXHouston-The Woodlands-Sugar Land, TX199883,343 97.9 %1,287 15.91 ALDIDollar Tree, Party City, Salon In The Park-
364 Westheimer CommonsHoustonTXHouston-The Woodlands-Sugar Land, TX1984245,714 97.2 %2,391 10.01 Fiesta MartKing Dollar, Marshalls, Sanitas Medical Center-
365 Crossroads Centre - PasadenaPasadenaTXHouston-The Woodlands-Sugar Land, TX1997146,567 95.2 %2,035 15.57 KrogerLA Fitness-
366 Spencer SquarePasadenaTXHouston-The Woodlands-Sugar Land, TX1998186,732 85.4 %1,757 11.38 KrogerBurkes Outlet-
367 Pearland PlazaPearlandTXHouston-The Woodlands-Sugar Land, TX1995156,491 95.9 %1,354 9.02 KrogerAmerican Freight Furniture, Harbor Freight Tools, Walgreens-
368 Market PlazaPlanoTXDallas-Fort Worth-Arlington, TX2002142,058 90.5 %2,722 22.11 Central Market (H-E-B)--
369 Preston Park VillagePlanoTXDallas-Fort Worth-Arlington, TX1985270,128 62.5 %4,490 26.62 -Gap Factory Store, Rollie Pollies Gymnastics Center-
370 Keegan's MeadowStaffordTXHouston-The Woodlands-Sugar Land, TX1999125,293 97.4 %1,340 11.30 El RanchoASY Furniture, Family Dollar-
371 Texas City BayTexas CityTXHouston-The Woodlands-Sugar Land, TX2005224,922 93.1 %2,172 10.48 KrogerConn's, Harbor Freight Tools, Planet Fitness-
372 Windvale CenterThe WoodlandsTXHouston-The Woodlands-Sugar Land, TX2002100,688 89.3 %1,915 21.29 -Star Cinema Grille-
Supplemental Disclosure - Three Months Ended September 30, 2021
Page 49
image4.jpg



PROPERTY LIST
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Metropolitan Statistical Area
Built
 GLA
Leased
 ABR
 ABR PSF
Grocer (1)
Other Major Tenants
Major Tenants
373 Culpeper Town SquareCulpeperVAWashington-Arlington-Alexandria, DC-VA-MD-WV1999132,882 74.3 %833 8.44 -Ollie's Bargain Outlet, Tractor Supply Co.-
374 Hanover SquareMechanicsvilleVARichmond, VA1991141,620 96.3 %2,063 15.12 -Gold's Gym, Hobby LobbyKohl's
375 Tuckernuck SquareRichmondVARichmond, VA198188,220 96.5 %1,485 17.45 -2nd & Charles, Chuck E. Cheese's-
376 Cave Spring CornersRoanokeVARoanoke, VA2005147,133 91.3 %1,059 14.03 KrogerHamrick's-
377 Hunting HillsRoanokeVARoanoke, VA1989166,207 97.1 %1,430 8.86 -Dollar Tree, Kohl's, PetSmart-
378 Hilltop PlazaVirginia BeachVAVirginia Beach-Norfolk-Newport News, VA-NC2010150,300 97.7 %2,884 21.69 Trader Joe'sJOANN, Kirkland’s, PetSmart, Ulta-
379 Ridgeview CentreWiseVABig Stone Gap, VA1990190,242 77.4 %1,167 7.93 -Dollar Tree, Grand Home Furnishings, Harbor Freight Tools, Marshalls, Ollie's Bargain OutletBelk
380 Rutland PlazaRutlandVTRutland, VT1997223,314 90.0 %1,902 9.69 Price ChopperDollar Tree, T.J.Maxx, Walmart-
381 Spring MallGreenfieldWIMilwaukee-Waukesha, WI200345,920 31.3 %144 10.01 --Walgreens
382 Mequon PavilionsMequonWIMilwaukee-Waukesha, WI1967219,230 87.3 %3,139 16.40 Sendik's Food MarketBed Bath & Beyond, Marshalls-
383 Moorland Square Shopping CtrNew BerlinWIMilwaukee-Waukesha, WI199098,303 89.0 %839 9.59 Pick 'n Save (Kroger)--
384 Paradise PavilionWest BendWIMilwaukee-Waukesha, WI2000203,545 90.5 %1,388 7.54 -Hobby Lobby, Kohl's-
385 Moundsville PlazaMoundsvilleWVWheeling, WV-OH2004176,156 89.8 %1,276 8.07 KrogerBig Lots, Dunham's Sports-
386 Grand Central PlazaParkersburgWVParkersburg-Vienna, WV198675,344 90.7 %782 11.44 -Office Depot, O'Reilly Auto Parts-
TOTAL PORTFOLIO
67,712,852 91.5 %$888,875 $15.25 
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.

Supplemental Disclosure - Three Months Ended September 30, 2021
Page 50
image4.jpg