Form 8-K
8-K — Brixmor Property Group Inc.
Accession: 0001581068-26-000027
Filed: 2026-07-27
Period: 2026-07-27
CIK: 0001581068
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — brx-20260727.htm (Primary)
EX-99.1 (brx-20260727ex991.htm)
EX-99.2 (brx-20260727ex992.htm)
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8-K
8-K (Primary)
Filename: brx-20260727.htm · Sequence: 1
brx-20260727
0001581068false00015810682026-07-272026-07-270001581068brx:BrixmorOperatingPartnershipLPMember2026-07-272026-07-27
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 27, 2026
Brixmor Property Group Inc.
Brixmor Operating Partnership LP
(Exact Name of Registrant as Specified in Charter)
Maryland 001-36160 45-2433192
Delaware
333-256637-01
80-0831163
(State or Other Jurisdiction
of Incorporation) (Commission
File Number) (IRS Employer
Identification No.)
100 Park Avenue
New York, New York 10017
(Address of Principal Executive Offices, and Zip Code)
(212) 869-3000
(Registrant’s Telephone Number, Including Area Code)
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share BRX New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Brixmor Property Group Inc. Yes ☐ No ☑ Brixmor Operating Partnership LP Yes ☐ No ☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Brixmor Property Group Inc. ☐ Brixmor Operating Partnership LP ☐
Item 2.02 Results of Operations and Financial Condition.
On July 27, 2026, Brixmor Property Group Inc. (the "Company") issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the second quarter ended June 30, 2026. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 and Exhibits 99.1 and 99.2 to this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibits are attached to this Current Report on Form 8-K
99.1
Press release issued July 27, 2026.
99.2
Brixmor Property Group Inc. Supplemental Financial Information for the second quarter ended June 30, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
Date: July 27, 2026
BRIXMOR PROPERTY GROUP INC.
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
BRIXMOR OPERATING PARTNERSHIP LP
By: Brixmor OP GP LLC, its general partner
By: BPG Subsidiary LLC, its sole member
By: /s/ Steven F. Siegel
Name: Steven F. Siegel
Title: Executive Vice President,
General Counsel and Secretary
EX-99.1
EX-99.1
Filename: brx-20260727ex991.htm · Sequence: 2
Document
Exhibit 99.1
100 Park Avenue : New York, NY 10017 : 800.468.7526
FOR IMMEDIATE RELEASE
CONTACT:
Stacy Slater
Executive Vice President, Investor Relations
800.468.7526
stacy.slater@brixmor.com
BRIXMOR PROPERTY GROUP SECOND QUARTER RESULTS DEMONSTRATE CONTINUED OPERATIONAL STRENGTH,
WITH RECORD SMALL SHOP OCCUPANCY AND RECORD SIGNED BUT NOT YET COMMENCED RENT; FURTHER INCREASES 2026 OUTLOOK
NEW YORK, JULY 27, 2026 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and six months ended June 30, 2026. For the three months ended June 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.24 per diluted share and $0.28 per diluted share, respectively, and for the six months ended June 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.65 per diluted share and $0.50 per diluted share, respectively.
Key highlights for the three months ended June 30, 2026 include:
•Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 19.1%, including new lease rent spreads on comparable space of 31.3% and renewal lease rent spreads on comparable space of 15.5%
•Realized total leased occupancy of 94.8%, anchor leased occupancy of 95.9%, and record small shop leased occupancy of 92.6%
◦Commenced $12.7 million of annualized base rent
◦Leased to billed occupancy spread totaled 440 basis points
◦Total signed but not yet commenced new lease population represented 3.1 million square feet and a record $71.2 million of annualized base rent
•Reported an increase in same property NOI of 5.8%, including a contribution from base rent of 440 basis points
•Reported Nareit FFO of $178.6 million, or $0.58 per diluted share
•Stabilized $5.4 million of reinvestment projects at an average incremental NOI yield of 11%, with the in process reinvestment pipeline totaling $347.8 million at an expected average incremental NOI yield of 10%
•Completed $164.3 million of acquisitions and $15.1 million of dispositions
•Issued $400.0 million of 5.375% Senior Notes due 2036
•Received a positive credit rating outlook from S&P Global Ratings
•Published the Company's annual Corporate Responsibility Report on June 18, 2026 (view the 2025 report at https://www.brixmor.com/corporate-responsibility)
Subsequent events:
•Updated previously provided Nareit FFO per diluted share expectations for 2026 to $2.35 - $2.37 from $2.34 - $2.37 and same property NOI growth expectations for 2026 to 5.00% - 5.75% from 4.75% - 5.50%
"Our team continued to execute at a high level during the second quarter, delivering strong leasing spreads, record small shop occupancy, and a record signed but not yet commenced rent pipeline," commented Brian T. Finnegan, Chief Executive Officer and President. "The embedded growth within our portfolio, combined with the momentum from our reinvestment program and recent acquisitions, provides outstanding visibility into future earnings growth and underpins our increased outlook for 2026."
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100 Park Avenue : New York, NY 10017 : 800.468.7526
FINANCIAL HIGHLIGHTS
•The following table summarizes the Company’s net income attributable to Brixmor Property Group Inc. and Nareit FFO:
(Unaudited, dollars in millions, except per share amounts) Three Months Ended Six Months Ended
6/30/2026 6/30/2025 6/30/2026 6/30/2025
Net income attributable to Brixmor Property Group Inc. $73.5 $85.1 $201.3 $154.9
Net income attributable to Brixmor Property Group Inc. per diluted share $0.24 $0.28 $0.65 $0.50
Nareit FFO $178.6 $171.5 $358.1 $342.6
Nareit FFO per diluted share $0.58 $0.56 $1.16 $1.11
Items that impact FFO comparability $(0.0) $(0.3) $(0.1) $(0.3)
Items that impact FFO comparability, net per share $(0.00) $(0.00) $(0.00) $(0.00)
Same Property NOI Performance
•For the three months ended June 30, 2026, the Company reported an increase in same property NOI of 5.8% versus the comparable 2025 period.
•For the six months ended June 30, 2026, the Company reported an increase in same property NOI of 6.1% versus the comparable 2025 period.
Dividend
•The Company’s Board of Directors declared a quarterly cash dividend of $0.3075 per common share (equivalent to $1.23 per annum). The dividend is payable on October 15, 2026 to stockholders of record on October 2, 2026.
PORTFOLIO AND INVESTMENT ACTIVITY
Value Enhancing Reinvestment Opportunities
•During the three months ended June 30, 2026, the Company stabilized three value enhancing reinvestment projects with a total aggregate net cost of approximately $5.4 million at an average incremental NOI yield of 11% and added eight new reinvestment projects to its in process pipeline with a total aggregate net estimated cost of approximately $47.8 million at an expected average incremental NOI yield of 11%.
•The following table summarizes the Company’s in process reinvestment pipeline as of June 30, 2026:
(Dollars in millions) Number of Projects Net Estimated Costs Expected NOI Yield
Anchor space repositioning 16 $79.2 7% - 14%
Outparcel development 13 23.0 14%
Redevelopment 15 245.7 10%
Total 44 $347.8 10%
•Follow Brixmor on LinkedIn for video updates on reinvestment projects at https://www.linkedin.com/company/brixmor.
Acquisitions
•As previously announced, during the three and six months ended June 30, 2026, the Company acquired four shopping centers for a combined purchase price of $164.3 million, including:
◦Mayfair Shopping Center, a 221,010 square foot grocery-anchored community center located in the affluent Long Island suburb of Commack, New York, for $70.0 million, including redeemable preferred units of the Company’s operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”) and the assumption of indebtedness on the property. This is a milestone
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100 Park Avenue : New York, NY 10017 : 800.468.7526
transaction for Brixmor as it marks the first time the Company has used redeemable preferred units of the Operating Partnership as currency for a portion of the acquisition price.
◦Jones Crossing, a 163,472 square foot grocery-anchored community center located in the high-growth market of College Station, Texas, home to Texas A&M University, for $46.5 million.
◦Vintage Marketplace, a 72,184 square foot grocery-anchored neighborhood center serving a high-traffic retail corridor in the northwest suburbs of Houston, Texas, for $32.7 million.
◦Stanford Station, a 96,844 square foot neighborhood center located immediately adjacent to the Company's 23rd Street Station and Panama City Square properties in Panama City, Florida, for $15.1 million.
Dispositions
•During the three months ended June 30, 2026, the Company generated approximately $15.1 million of gross proceeds from the disposition of two shopping centers.
•During the six months ended June 30, 2026, the Company generated approximately $123.0 million of gross proceeds from the disposition of six shopping centers.
CAPITAL STRUCTURE
•On May 5, 2026, the Company's Operating Partnership issued $400.0 million aggregate principal amount of 5.375% Senior Notes due 2036. Proceeds were utilized to repay a portion of the $600.0 million 4.125% Senior Notes due 2026, which were fully repaid during the quarter.
•At June 30, 2026, the Company had $1.5 billion in liquidity.
•At June 30, 2026, the Company's net principal debt to adjusted EBITDA, current quarter annualized was 5.3x and net principal debt to adjusted EBITDA, trailing twelve months was 5.4x.
GUIDANCE
•The Company has updated its previously provided Nareit FFO per diluted share expectations for 2026 to $2.35 - $2.37 from $2.34 - $2.37 and its same property NOI growth expectations for 2026 to 5.00% - 5.75% from 4.75% - 5.50%.
◦Revenues deemed uncollectible are expected to total 60 - 85 basis points of total expected revenues in 2026.
◦2026 expectations do not include any additional items that impact FFO comparability, which include gain or loss on extinguishment of debt, net, and transaction expenses, net, or any other one-time items.
•The following table provides a reconciliation of the range of the Company's 2026 estimated net income attributable to Brixmor Property Group Inc. to Nareit FFO:
(Unaudited, dollars in millions, except per share amounts) 2026E 2026E Per Diluted Share
Net income attributable to Brixmor Property Group Inc. $353 - $359 $1.14 - $1.16
Depreciation and amortization related to real estate 427 1.39
Gain on sale of real estate assets (62) (0.20)
Impairment of real estate assets 6 0.02
Nareit FFO $724 - $730 $2.35 - $2.37
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100 Park Avenue : New York, NY 10017 : 800.468.7526
CONNECT WITH BRIXMOR
•For additional information, please visit https://www.brixmor.com;
•Follow Brixmor on:
◦LinkedIn at https://www.linkedin.com/company/brixmor
◦Facebook at https://www.facebook.com/Brixmor
◦Instagram at https://www.instagram.com/brixmorpropertygroup; and
◦YouTube at https://www.youtube.com/user/Brixmor.
CONFERENCE CALL AND SUPPLEMENTAL INFORMATION
The Company will host a teleconference on Tuesday, July 28, 2026 at 10:00 AM ET. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through August 11, 2026 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13760501) or via the web through July 28, 2027 at https://www.brixmor.com in the Investors section.
The Company’s Supplemental Disclosure will be posted at https://www.brixmor.com in the Investors section. These materials are also available to all interested parties upon request to the Company at investorrelations@brixmor.com or 800.468.7526.
NON-GAAP PERFORMANCE MEASURES
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance. A reconciliation of net income to these non-GAAP performance measures is presented in the attached tables.
Nareit FFO
Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (calculated in accordance with GAAP) excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis. Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
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100 Park Avenue : New York, NY 10017 : 800.468.7526
Same Property NOI
Same property NOI is a supplemental, non-GAAP performance measure utilized to evaluate the operating performance of real estate companies. Same property NOI is calculated (using properties owned for the entirety of both periods and excluding properties under development and completed new development properties that have been stabilized for less than one year) as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). Same property NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) income or expense associated with the Company's captive insurance company, (vi) depreciation and amortization, (vii) impairment of real estate assets, (viii) general and administrative expense, and (ix) other income and expense (including interest expense and gain on sale of real estate assets). Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, income or expense associated with the Company’s captive insurance company, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that same property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.
Net Principal Debt to Adjusted EBITDA, current quarter annualized & Net Principal Debt to Adjusted EBITDA, trailing twelve months
Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are supplemental non-GAAP measures utilized to evaluate the performance of real estate companies in relation to outstanding debt. Net principal debt is calculated as Debt obligations, net (calculated in accordance with GAAP) excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. Adjusted EBITDA is calculated as the sum of net income (calculated in accordance with GAAP) before non-controlling interests excluding (i) interest expense, (ii) federal and state taxes, (iii) depreciation and amortization, (iv) gains and losses from the sale of certain real estate assets, (v) gains and losses from change in control, (vi) 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, (vii) gain (loss) on extinguishment of debt, net, and (viii) other items that the Company believes are not indicative of the Company's operating performance. Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are calculated as net principal debt divided by quarterly annualized adjusted EBITDA or trailing twelve month adjusted EBITDA, respectively. Considering the nature of its business as a real estate owner and operator, the Company believes that net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are useful to investors in measuring its operating performance because they exclude items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the operating performance of the Company’s real estate, are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and can provide investors with a more consistent basis by which to compare the Company with its peers.
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100 Park Avenue : New York, NY 10017 : 800.468.7526
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) owns and operates a high-quality, national portfolio of open-air shopping centers. The Company’s 346 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. Brixmor’s properties reflect its vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the “Investors” page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (10) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of
As of
6/30/26 12/31/25
Assets
Real estate
Land $ 1,864,583 $ 1,849,779
Buildings and tenant improvements 9,430,205 9,296,849
Construction in progress 65,546 92,129
Lease intangibles 559,484 548,740
11,919,818 11,787,497
Accumulated depreciation and amortization (3,708,299) (3,588,646)
Real estate, net 8,211,519 8,198,851
Cash and cash equivalents 170,889 334,422
Restricted cash 15,230 27,108
Marketable securities 23,504 21,283
Receivables, net, including straight-line rent receivables of $249,808 and $237,837, respectively 305,579 315,128
Deferred charges and prepaid expenses, net 173,752 169,326
Real estate assets held for sale — 4,551
Other assets 106,239 62,468
Total assets $ 9,006,712 $ 9,133,137
Liabilities
Debt obligations, net $ 5,322,423 $ 5,494,753
Accounts payable, accrued expenses and other liabilities 631,703 628,328
Total liabilities 5,954,126 6,123,081
Redeemable non-controlling interests 30,643 —
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
315,999,308 and 315,231,761 shares issued and 306,872,316 and 306,104,769
shares outstanding 3,068 3,061
Additional paid-in capital 3,427,652 3,437,853
Accumulated other comprehensive income 12,140 1,722
Distributions in excess of net income (421,159) (432,822)
Total stockholders' equity 3,021,701 3,009,814
Non-controlling interests 242 242
Total equity 3,021,943 3,010,056
Total liabilities and equity $ 9,006,712 $ 9,133,137
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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Revenues
Rental income $ 353,892 $ 339,397 $ 708,229 $ 676,638
Other revenues 307 95 789 366
Total revenues 354,199 339,492 709,018 677,004
Operating expenses
Operating costs 44,227 39,877 86,141 79,088
Real estate taxes 44,279 43,559 89,682 88,452
Depreciation and amortization 110,258 103,277 215,460 208,874
Impairment of real estate assets 5,974 — 5,974 —
General and administrative 27,858 29,093 56,050 57,266
Total operating expenses 232,596 215,806 453,307 433,680
Other income (expense)
Dividends and interest 3,912 1,190 7,117 2,896
Interest expense (60,898) (54,409) (120,290) (108,493)
Gain on sale of real estate assets 9,820 15,755 61,917 18,825
Loss on extinguishment of debt, net — (296) — (296)
Other (775) (780) (3,036) (1,373)
Total other expense (47,941) (38,540) (54,292) (88,441)
Net income 73,662 85,146 201,419 154,883
Net income attributable to non-controlling interests (151) (7) (158) (15)
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Net income attributable to Brixmor Property Group Inc. per common share:
Basic $ 0.24 $ 0.28 $ 0.65 $ 0.50
Diluted $ 0.24 $ 0.28 $ 0.65 $ 0.50
Weighted average shares:
Basic 307,183 306,975 307,115 306,923
Diluted 307,920 307,609 307,695 307,547
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FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Depreciation and amortization related to real estate 108,890 102,091 212,809 206,539
Gain on sale of real estate assets (9,820) (15,755) (61,917) (18,825)
Impairment of real estate assets 5,974 — 5,974 —
Nareit FFO $ 178,555 $ 171,475 $ 358,127 $ 342,582
Nareit FFO per diluted share $ 0.58 $ 0.56 $ 1.16 $ 1.11
Weighted average diluted shares outstanding 307,920 307,609 307,695 307,547
Items that impact FFO comparability
Transaction expenses, net $ (1) $ (1) $ (50) $ (22)
Loss on extinguishment of debt, net — (296) — (296)
Total items that impact FFO comparability $ (1) $ (297) $ (50) $ (318)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 5,854 $ 9,781 $ 13,793 $ 17,262
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,689 4,174 7,798 6,689
Straight-line ground rent expense, net (1) (161) (141) (321) (275)
Dividends declared per share $ 0.3075 $ 0.2875 $ 0.6150 $ 0.5750
Dividends declared $ 94,363 $ 88,004 $ 188,715 $ 175,995
Dividend payout ratio (as % of Nareit FFO) 52.8 % 51.3 % 52.7 % 51.4 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
viii
SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 Change 6/30/26 6/30/25 Change
Same Property NOI Analysis
Number of properties 337 337 — 337 337 —
Percent billed 90.3 % 89.8 % 0.5 % 90.3 % 89.8 % 0.5 %
Percent leased 94.7 % 94.4 % 0.3 % 94.7 % 94.4 % 0.3 %
Revenues
Base rent $ 239,766 $ 229,431 $ 477,353 $ 457,597
Expense reimbursements 78,510 73,423 157,569 149,188
Revenues deemed uncollectible (1,495) (2,318) (3,071) (4,698)
Ancillary and other rental income / Other revenues 10,469 8,979 18,801 14,567
Percentage rents 2,774 2,774 7,754 6,717
330,024 312,289 5.7 % 658,406 623,371 5.6 %
Operating expenses
Operating costs (41,787) (38,177) (81,351) (75,619)
Real estate taxes (42,813) (42,157) (86,407) (85,429)
(84,600) (80,334) 5.3 % (167,758) (161,048) 4.2 %
Same property NOI $ 245,424 $ 231,955 5.8 % $ 490,648 $ 462,323 6.1 %
NOI margin 74.4 % 74.3 % 74.5 % 74.2 %
Expense recovery ratio 92.8 % 91.4 % 93.9 % 92.6 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 10,335 4.4 % $ 19,756 4.3 %
Revenues deemed uncollectible 823 0.4 % 1,627 0.3 %
Net expense reimbursements 821 0.4 % 1,671 0.4 %
Ancillary and other rental income / Other revenues 1,490 0.6 % 4,234 0.9 %
Percentage rents — 0.0 % 1,037 0.2 %
5.8 % 6.1 %
Reconciliation of Net income attributable to Brixmor Property Group Inc. to Same Property NOI
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Adjustments:
Non-same property NOI (8,145) (8,935) (16,905) (18,002)
Lease termination fees (2,742) (1,352) (4,372) (5,463)
Straight-line rental income, net (5,854) (9,781) (13,793) (17,262)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,689) (4,174) (7,798) (6,689)
Straight-line ground rent expense, net 161 141 321 275
Depreciation and amortization 110,258 103,277 215,460 208,874
Impairment of real estate assets 5,974 — 5,974 —
General and administrative 27,858 29,093 56,050 57,266
Total other expense 47,941 38,540 54,292 88,441
Net income attributable to non-controlling interests 151 7 158 15
Same property NOI $ 245,424 $ 231,955 $ 490,648 $ 462,323
ix
EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT
Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Net income $ 73,662 $ 85,146 $ 201,419 $ 154,883
Interest expense 60,898 54,409 120,290 108,493
Federal and state taxes 744 753 1,683 1,460
Depreciation and amortization 110,258 103,277 215,460 208,874
EBITDA 245,562 243,585 538,852 473,710
Gain on sale of real estate assets (9,820) (15,755) (61,917) (18,825)
Impairment of real estate assets 5,974 — 5,974 —
EBITDAre $ 241,716 $ 227,830 $ 482,909 $ 454,885
EBITDAre $ 241,716 $ 227,830 $ 482,909 $ 454,885
Transaction expenses, net 1 1 50 22
Loss on extinguishment of debt, net — 296 — 296
Total adjustments 1 297 50 318
Adjusted EBITDA $ 241,717 $ 228,127 $ 482,959 $ 455,203
Adjusted EBITDA $ 241,717 $ 228,127 $ 482,959 $ 455,203
Straight-line rental income, net (5,854) (9,781) (13,793) (17,262)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,689) (4,174) (7,798) (6,689)
Straight-line ground rent expense, net (1) 161 141 321 275
Total adjustments (9,382) (13,814) (21,270) (23,676)
Cash Adjusted EBITDA $ 232,335 $ 214,313 $ 461,689 $ 431,527
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
6/30/26
Debt obligations, net $ 5,322,423
Less: Net unamortized premium (7,452)
Add: Deferred financing fees 33,982
Less: Cash, cash equivalents and restricted cash (186,119)
Net Principal Debt $ 5,162,834
Adjusted EBITDA, current quarter annualized $ 966,868
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.3x
Adjusted EBITDA, trailing twelve months $ 953,871
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.4x
x
EX-99.2
EX-99.2
Filename: brx-20260727ex992.htm · Sequence: 3
Document
Exhibit 99.2
> SUPPLEMENTAL DISCLOSURE
Three Months Ended June 30, 2026
TABLE OF CONTENTS
Page
Glossary of Terms
1
Results Overview & Guidance
3
Financial Summary
Consolidated Balance Sheets
5
Consolidated Statements of Operations
6
EBITDA & Reconciliation of Debt Obligations, Net to Net Principal Debt
7
Funds From Operations (FFO)
8
Supplemental Balance Sheet Detail
9
NOI & Supplemental Statement of Operations Detail
10
Same Property NOI Analysis
11
Capital Expenditures
12
Capitalization, Liquidity & Debt Ratios
13
Debt Obligations
14
Covenant Disclosure
15
Investment Summary
Acquisitions
17
Dispositions
18
Anchor Space Repositioning Summary
19
Outparcel Development Summary
20
Redevelopment Summary
21
Future Redevelopment Opportunities
23
Portfolio Summary
Portfolio Overview
26
Portfolio Composition
27
Top Forty Retailers Ranked by ABR
28
New & Renewal Lease Summary
29
New Lease Net Effective Rent & Leases Signed But Not Yet Commenced
30
Lease Expiration Schedule
31
Major CBSA Detail
32
Properties by State
35
Property List
36
Note: Financial and operational information is unaudited.
For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and YouTube at https://www.youtube.com/user/Brixmor.
This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s other periodic filings with the SEC. The forward-looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
Supplemental Disclosure - Three Months Ended June 30, 2026
GLOSSARY OF TERMS
↩ Table of
Contents
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 that have been signed or commenced as of the specified date, multiplied by 12. Annualized base rent differs from how rent is calculated in accordance with GAAP for purposes of financial statements. See Straight-line Rent definition for additional information. For purposes of calculating ABR, all signed or commenced leases with an initial term of one year or greater are included and all signed leases on space that will be vacated by existing tenants in the near term are excluded.
ABR PSF
ABR divided by leased GLA, excluding the GLA of lessee-owned leasehold improvements.
Billed GLA
Aggregate GLA of all commenced leases with an initial term of one year or greater, as of a specified date.
Core-Based Statistical Areas ("CBSA") Defined by the United States Census Bureau as the collection of both Metropolitan and Micropolitan Statistical Areas. Metropolitan Statistical Areas are defined as a region associated with at least one urbanized area that has a population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and economic integration with the central county or counties as measured through commuting. Micropolitan Statistical Areas are defined as a region with at least one urbanized area that has a population of at least 10,000 but less than 50,000, plus adjacent territories that have a high degree of social and economic integration with the central county or counties as measured through commuting.
References to CBSA rank are based on population estimates from Synergos Technologies, Inc.
EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, & Net Principal Debt to Adjusted EBITDA, trailing twelve months
Supplemental, non-GAAP performance measures. Please see below for more information on the limitations of non-GAAP performance measures.
A reconciliation of net income (calculated in accordance with GAAP) before non-controlling interests to each of these measures is provided on page 7.
EBITDA is calculated as the sum of net income (calculated in accordance with GAAP) before non-controlling interests excluding (i) interest expense, (ii) federal and state taxes, and (iii) depreciation and amortization. EBITDAre, which is computed in accordance with Nareit's definition, represents EBITDA excluding (i) gains and losses from the sale of certain real estate assets, (ii) gains and losses from change in control, (iii) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjusted EBITDA represents EBITDAre excluding (i) gain (loss) on extinguishment of debt, net and (ii) other items that the Company believes are not indicative of the Company's operating performance. Cash Adjusted EBITDA represents Adjusted EBITDA excluding (i) straight-line rental income, net, (ii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements and (iii) straight-line ground rent expense, net. Net Principal Debt to Adjusted EBITDA, current quarter annualized and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated as Net Principal Debt divided by quarterly annualized Adjusted EBITDA or trailing twelve month Adjusted EBITDA, respectively. EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are calculated after adjustments for unconsolidated joint ventures to reflect each measure on the same basis.
Generally Accepted Accounting Principles ("GAAP") GAAP refers to a common set of United States of America accounting rules, standards, and procedures issued by the Financial Accounting Standards Board.
Gross Leasable Area ("GLA")
Represents the total amount of leasable property square footage.
Leased GLA
Aggregate GLA of all signed or commenced leases with an initial term of one year or greater, as of a specified date, excluding all signed leases on space that will be vacated by existing tenants in the near term.
Local Tenants Single-state operators with fewer than 20 locations.
Major Tenants Any grocer and all national / regional anchor tenants, excluding those that are ancillary in nature regardless of term.
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 (calculated in accordance with GAAP) to Nareit FFO is provided on page 8.
Nareit defines FFO as net income (calculated in accordance with GAAP) excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis.
National / Regional Tenants Multi-state operators or single-state operators with 20 or more locations and state agencies and government offices. Includes franchise locations.
Net Effective Rent Before Tenant Specific Landlord Work Average ABR PSF over the lease term adjusted for tenant improvements and allowances (excluding base building costs) and third-party leasing commissions. For purposes of calculating net effective rent before tenant specific landlord work, ABR PSF includes the GLA of lessee-owned leasehold improvements.
Net Operating Income ("NOI")
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures.
A reconciliation of net income (calculated in accordance with GAAP) to NOI 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) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) depreciation and amortization, (vi) impairment of real estate assets, (vii) general and administrative expense, and (viii) other income and expense (including interest expense and gain on sale of real estate assets).
Net Principal Debt
Debt obligations, net, calculated in accordance with GAAP, excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. A reconciliation of debt obligations, net to Net Principal Debt is provided on page 7.
New Development
Refers to ground up development of new shopping centers. Does not refer to outparcel development.
New Development & Reinvestment Stabilization New Development and Reinvestment projects are deemed stabilized upon reaching 90.0% billed occupancy of the impacted space. New Development projects are included in the operating portfolio upon the earlier of (i) reaching 90.0% billed occupancy of the impacted space or (ii) one year after the associated assets are placed in service.
NOI Yield
Calculated as the projected incremental NOI as a percentage of the estimated incremental third-party costs of a specified project, net of any project specific credits (lease termination fees or other ancillary credits).
Non-controlling Interests Relate to the portion of Brixmor Property Group Inc. held by the non-controlling interest holders.
Non-owned Major Tenants Also known as shadow anchors. Refers to tenants that are situated on parcels that are owned by unrelated third parties, but, due to their location within or immediately adjacent to a shopping center, appear to the consumer as a retail tenant of the shopping center and, as a result, attract additional consumer traffic to the center.
Outparcel(s)
Refers to a portion of a shopping center, separate from the main retail buildings and generally located on the outer edge of a property, which may currently, or in the future, contain one or several freestanding buildings.
Outparcel Development
Construction of a new outparcel. May also refer to the demolition of an existing outparcel building to accommodate the construction of a new outparcel.
Percent Billed
Billed GLA as a percentage of total GLA.
Percent Leased
Leased GLA as a percentage of total GLA.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 1
GLOSSARY OF TERMS
↩ Table of
Contents
Term
Definition
PSF
Per square foot of GLA.
Redevelopment Larger scale projects that typically involve new construction, reconfiguration, significant remerchandising, and upgrades or demolition of a portion of the shopping center to accommodate new retailers.
Reinvestment Projects Represents anchor space repositioning, outparcel development, and/or redevelopment projects.
Rent Spread
Represents the percentage change in contractual ABR PSF in the first year of the new lease relative to contractual ABR PSF in the last year of the old lease. Rent spreads are presented only for leases deemed comparable. For purposes of calculating rent spreads, ABR PSF includes the GLA of lessee-owned leasehold improvements.
New Rent Spread
Includes new leases signed on units that were occupied within the prior 12 months. New leases signed on units that have been vacant for longer than 12 months, new leases signed on first generation space, and new leases that are ancillary in nature regardless of term are deemed non-comparable and excluded from New Rent Spreads.
Renewal Rent Spread
Includes renewal leases signed with the same tenant in all or a portion of the same location or that include the expansion into space that was occupied within the prior 12 months. Renewals that include the expansion of an existing tenant into space that has been vacant for longer than 12 months and renewals that are ancillary in nature regardless of term are deemed non-comparable and excluded from Renewal Rent Spreads.
Option Rent Spread
Includes contractual renewal options exercised by tenants in the same location to extend the term of an expiring lease.
Total Rent Spread
Combined spreads for new, renewal, and option leases.
Same Property NOI
A supplemental, non-GAAP performance measure. Please see below for more information on the limitations of non-GAAP performance measures. A reconciliation of net income (calculated in accordance with GAAP) to Same Property NOI is provided on page 11.
Represents NOI of properties owned for the entirety of both periods and excluding properties under development and completed New Development properties that have been stabilized for less than one year. Same Property NOI excludes income or expense associated with the Company's captive insurance company.
Number of Properties in Same Property NOI Analysis: Three Months
Ended 6/30/26 Six Months
Ended 6/30/26
Total properties in Brixmor Property Group portfolio 346 346
Acquired properties excluded from Same Property NOI (7) (7)
Additional exclusions (1) (2) (2)
Same Property NOI pool (2) 337 337
(1) Additional exclusions for the three and six months ended June 30, 2026 and 2025 include two properties that were subject to partial dispositions in 2025.
(2) The Same Property NOI pool includes the balance of a shopping center when an outparcel has been acquired or if a partial disposition can be disaggregated from the remaining property. One outparcel acquired in 2025 is excluded from the Same Property NOI pool for the three months ended June 30, 2026 and 2025. Two outparcels acquired in 2025 are excluded from the Same Property NOI pool for the six months ended June 30, 2026 and 2025.
Small Shop Spaces
Spaces less than 10,000 SF of GLA.
Secured Overnight Financing Rate ("SOFR") SOFR is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the London Interbank Offered Rate ("LIBOR").
Straight-line Rent
Non-cash revenue recognized related to the GAAP requirement to average a tenant's contractual base rent over the life of the lease. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. The cumulative difference between rental revenue recognized and contractual payment terms is recognized as deferred rent and included in Receivables, net on the Consolidated Balance Sheets. The Company periodically evaluates the collectability of its receivables related to straight-line rent. Any receivables that are deemed to be uncollectible are recognized as a reduction to straight-line rental income, net.
Year Built
Year of most recent redevelopment or year built if no redevelopment has occurred.
Non-GAAP Performance Measures
The Company presents the non-GAAP performance measures set forth below. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. The Company’s computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance.
The Company believes that the non-GAAP performance measures it presents are useful to investors for the following reasons:
• EBITDA, EBITDAre, Adjusted
EBITDA, Cash Adjusted EBITDA,
Net Principal Debt to
Adjusted EBITDA, current
quarter annualized, & Net
Principal Debt to Adjusted
EBITDA, trailing twelve months Considering the nature of its business as a real estate owner and operator, the Company believes that EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months, are useful to investors in measuring its operating performance because they exclude items included in net income (calculated in accordance with GAAP) before non-controlling interests that do not relate to or are not indicative of the operating performance of the Company’s real estate. The Company believes EBITDA, EBITDAre, Adjusted EBITDA, Cash Adjusted EBITDA, Net Principal Debt to Adjusted EBITDA, current quarter annualized, and Net Principal Debt to Adjusted EBITDA, trailing twelve months are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and that these metrics can provide investors with a more consistent basis by which to compare the Company with its peers.
• Nareit FFO Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the Company’s operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
• NOI and Same Property NOI
Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income (calculated in accordance with GAAP) that do not relate to, or are not indicative of, the operating performance of the Company’s properties, such as lease termination fees, straight-line rental income, net, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, income or expense associated with the Company's captive insurance company, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that Same Property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed New Development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 2
RESULTS OVERVIEW & GUIDANCE
↩ Table of
Contents
Unaudited, dollars in thousands, except per share and per square foot amounts
Three Months Ended
Six Months Ended
Summary Financial Results
6/30/26 6/30/25 6/30/26 6/30/25
Total revenues (page 6)
$ 354,199 $ 339,492 $ 709,018 $ 677,004
Net income attributable to Brixmor Property Group Inc. (page 6)
73,511 85,139 201,261 154,868
Net income attributable to Brixmor Property Group Inc. per diluted share (page 6)
0.24 0.28 0.65 0.50
NOI (page 10)
253,569 240,890 507,553 480,325
EBITDA (page 7)
245,562 243,585 538,852 473,710
EBITDAre (page 7)
241,716 227,830 482,909 454,885
Adjusted EBITDA (page 7)
241,717 228,127 482,959 455,203
Cash Adjusted EBITDA (page 7)
232,335 214,313 461,689 431,527
Nareit FFO (page 8)
178,555 171,475 358,127 342,582
Nareit FFO per diluted share (page 8)
0.58 0.56 1.16 1.11
Items that impact FFO comparability, net per share (page 8)
(0.00) (0.00) (0.00) (0.00)
Dividends declared per share (page 8)
0.3075 0.2875 0.6150 0.5750
Dividend payout ratio (as % of Nareit FFO) (page 8)
52.8 % 51.3 % 52.7 % 51.4 %
Three Months Ended
Summary Operating and Financial Ratios 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
NOI margin (page 10)
74.2 % 74.5 % 73.6 % 74.1 % 74.3 %
Same property NOI performance (page 11) (1)
5.8 % 6.4 % 6.0 % 4.0 % 3.8 %
Fixed charge coverage, current quarter annualized (page 13)
4.0x 4.1x 4.0x 4.1x 4.2x
Fixed charge coverage, trailing twelve months (page 13)
4.0x 4.1x 4.1x 4.1x 4.1x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (page 7) (2)
5.3x 5.3x 5.4x 5.6x 5.5x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (page 7) (2)
5.4x 5.4x 5.6x 5.7x 5.6x
Outstanding Classes of Stock As of 6/30/26 As of 3/31/26 As of 12/31/25 As of 9/30/25 As of 6/30/25
Common shares outstanding (page 13)
306,872 306,837 306,105 306,100 306,100
Three Months Ended
Summary Acquisitions and Dispositions 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Aggregate purchase price of acquisitions (page 17)
$ 164,325 $ — $ 190,689 $ 223,000 $ —
Aggregate sale price of dispositions (page 18)
15,120 107,925 170,191 81,197 22,350
NOI adjustment for acquisitions and dispositions, net (3) 1,682
Summary Portfolio Statistics (4) As of 6/30/26 As of 3/31/26 As of 12/31/25 As of 9/30/25 As of 6/30/25
Number of properties (page 26)
346 344 348 354 360
Percent billed (page 26)
90.4 % 91.4 % 91.6 % 90.2 % 89.7 %
Percent leased (page 26)
94.8 % 95.1 % 95.1 % 94.1 % 94.2 %
ABR PSF (page 26)
$ 19.33 $ 19.05 $ 18.77 $ 18.48 $ 18.07
New lease rent spread (page 29)
31.3 % 41.8 % 34.7 % 30.5 % 43.8 %
New & renewal lease rent spread (page 29)
19.1 % 27.0 % 24.2 % 17.8 % 24.2 %
Total - new, renewal & option lease rent spread (page 29)
13.6 % 19.0 % 18.6 % 12.8 % 19.4 %
Total - new, renewal & option GLA (page 29)
2,532,750 1,994,943 2,179,975 2,638,011 2,465,322
2026 Guidance Current Previous
(at 4/27/26) YTD
Nareit FFO per diluted share $2.35 - $2.37 $2.34 - $2.37 $1.16
Same property NOI performance 5.00% - 5.75% 4.75% - 5.50% 6.1%
(1) Reflects same property NOI as reported for the specified period.
(2) Net Principal Debt is as of the end of each specified period.
(3) Represents an estimate of the incremental NOI that the Company would have recognized if the assets that were acquired during the quarter had been owned for the full quarter, adjusted for one-time items, net of NOI recognized during the quarter for the assets that were disposed of during the quarter.
(4) Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 3
> FINANCIAL SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2026
CONSOLIDATED BALANCE SHEETS
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Unaudited, dollars in thousands, except share information
As of
As of
6/30/26 12/31/25
Assets
Real estate
Land $ 1,864,583 $ 1,849,779
Buildings and tenant improvements 9,430,205 9,296,849
Construction in progress 65,546 92,129
Lease intangibles 559,484 548,740
11,919,818 11,787,497
Accumulated depreciation and amortization (3,708,299) (3,588,646)
Real estate, net 8,211,519 8,198,851
Cash and cash equivalents 170,889 334,422
Restricted cash 15,230 27,108
Marketable securities 23,504 21,283
Receivables, net, including straight-line rent receivables of $249,808 and $237,837, respectively 305,579 315,128
Deferred charges and prepaid expenses, net 173,752 169,326
Real estate assets held for sale — 4,551
Other assets 106,239 62,468
Total assets $ 9,006,712 $ 9,133,137
Liabilities
Debt obligations, net $ 5,322,423 $ 5,494,753
Accounts payable, accrued expenses and other liabilities 631,703 628,328
Total liabilities 5,954,126 6,123,081
Redeemable non-controlling interests 30,643 —
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
315,999,308 and 315,231,761 shares issued and 306,872,316 and 306,104,769
shares outstanding 3,068 3,061
Additional paid-in capital 3,427,652 3,437,853
Accumulated other comprehensive income 12,140 1,722
Distributions in excess of net income (421,159) (432,822)
Total stockholders' equity 3,021,701 3,009,814
Non-controlling interests 242 242
Total equity 3,021,943 3,010,056
Total liabilities and equity $ 9,006,712 $ 9,133,137
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 5
CONSOLIDATED STATEMENTS OF OPERATIONS
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Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Revenues
Rental income $ 353,892 $ 339,397 $ 708,229 $ 676,638
Other revenues 307 95 789 366
Total revenues 354,199 339,492 709,018 677,004
Operating expenses
Operating costs 44,227 39,877 86,141 79,088
Real estate taxes 44,279 43,559 89,682 88,452
Depreciation and amortization 110,258 103,277 215,460 208,874
Impairment of real estate assets 5,974 — 5,974 —
General and administrative 27,858 29,093 56,050 57,266
Total operating expenses 232,596 215,806 453,307 433,680
Other income (expense)
Dividends and interest 3,912 1,190 7,117 2,896
Interest expense (60,898) (54,409) (120,290) (108,493)
Gain on sale of real estate assets 9,820 15,755 61,917 18,825
Loss on extinguishment of debt, net — (296) — (296)
Other (775) (780) (3,036) (1,373)
Total other expense (47,941) (38,540) (54,292) (88,441)
Net income 73,662 85,146 201,419 154,883
Net income attributable to non-controlling interests (151) (7) (158) (15)
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Net income attributable to Brixmor Property Group Inc. per common share:
Basic $ 0.24 $ 0.28 $ 0.65 $ 0.50
Diluted $ 0.24 $ 0.28 $ 0.65 $ 0.50
Weighted average shares:
Basic 307,183 306,975 307,115 306,923
Diluted 307,920 307,609 307,695 307,547
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 6
EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT
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Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Net income $ 73,662 $ 85,146 $ 201,419 $ 154,883
Interest expense 60,898 54,409 120,290 108,493
Federal and state taxes 744 753 1,683 1,460
Depreciation and amortization 110,258 103,277 215,460 208,874
EBITDA 245,562 243,585 538,852 473,710
Gain on sale of real estate assets (9,820) (15,755) (61,917) (18,825)
Impairment of real estate assets 5,974 — 5,974 —
EBITDAre $ 241,716 $ 227,830 $ 482,909 $ 454,885
EBITDAre $ 241,716 $ 227,830 $ 482,909 $ 454,885
Transaction expenses, net 1 1 50 22
Loss on extinguishment of debt, net — 296 — 296
Total adjustments 1 297 50 318
Adjusted EBITDA $ 241,717 $ 228,127 $ 482,959 $ 455,203
Adjusted EBITDA $ 241,717 $ 228,127 $ 482,959 $ 455,203
Straight-line rental income, net (5,854) (9,781) (13,793) (17,262)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,689) (4,174) (7,798) (6,689)
Straight-line ground rent expense, net (1) 161 141 321 275
Total adjustments (9,382) (13,814) (21,270) (23,676)
Cash Adjusted EBITDA $ 232,335 $ 214,313 $ 461,689 $ 431,527
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
6/30/26
Debt obligations, net $ 5,322,423
Less: Net unamortized premium (7,452)
Add: Deferred financing fees 33,982
Less: Cash, cash equivalents and restricted cash (186,119)
Net Principal Debt $ 5,162,834
Adjusted EBITDA, current quarter annualized $ 966,868
Net Principal Debt to Adjusted EBITDA, current quarter annualized 5.3x
Adjusted EBITDA, trailing twelve months $ 953,871
Net Principal Debt to Adjusted EBITDA, trailing twelve months 5.4x
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 7
FUNDS FROM OPERATIONS (FFO)
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Unaudited, dollars in thousands, except per share amounts
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Depreciation and amortization related to real estate 108,890 102,091 212,809 206,539
Gain on sale of real estate assets (9,820) (15,755) (61,917) (18,825)
Impairment of real estate assets 5,974 — 5,974 —
Nareit FFO $ 178,555 $ 171,475 $ 358,127 $ 342,582
Nareit FFO per diluted share $ 0.58 $ 0.56 $ 1.16 $ 1.11
Weighted average diluted shares outstanding 307,920 307,609 307,695 307,547
Items that impact FFO comparability
Transaction expenses, net $ (1) $ (1) $ (50) $ (22)
Loss on extinguishment of debt, net — (296) — (296)
Total items that impact FFO comparability $ (1) $ (297) $ (50) $ (318)
Items that impact FFO comparability, net per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Additional Disclosures
Straight-line rental income, net $ 5,854 $ 9,781 $ 13,793 $ 17,262
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,689 4,174 7,798 6,689
Straight-line ground rent expense, net (1) (161) (141) (321) (275)
Dividends declared per share $ 0.3075 $ 0.2875 $ 0.6150 $ 0.5750
Dividends declared $ 94,363 $ 88,004 $ 188,715 $ 175,995
Dividend payout ratio (as % of Nareit FFO) 52.8 % 51.3 % 52.7 % 51.4 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Supplemental Disclosure - Three Months Ended June 30, 2026
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SUPPLEMENTAL BALANCE SHEET DETAIL
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Unaudited, dollars in thousands
As of As of
6/30/26 12/31/25
Deferred charges and prepaid expenses, net
Deferred charges, net $ 146,492 $ 144,555
Prepaid expenses, net 27,260 24,771
Total deferred charges and prepaid expenses, net $ 173,752 $ 169,326
Other assets
Right-of-use asset $ 85,803 $ 44,114
Furniture, fixtures and leasehold improvements, net 15,942 14,618
Interest rate derivatives 746 —
Other 3,748 3,736
Total other assets $ 106,239 $ 62,468
Accounts payable, accrued expenses and other liabilities
Accounts payable and other accrued expenses $ 263,826 $ 277,615
Below market leases, net 160,606 144,760
Dividends payable 96,141 97,993
Lease liability 55,865 47,351
Interest rate derivatives 418 4,553
Other 54,847 56,056
Total accounts payable, accrued expenses and other liabilities $ 631,703 $ 628,328
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 9
NOI & SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL
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Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Net Operating Income Detail
Base rent $ 248,033 $ 238,029 $ 494,651 $ 475,421
Expense reimbursements 82,081 76,027 164,846 154,738
Revenues deemed uncollectible (1,697) (2,028) (3,542) (4,656)
Ancillary and other rental income / Other revenues 10,620 9,334 19,154 15,286
Percentage rents 2,877 2,823 7,946 6,801
Operating costs (44,066) (39,736) (85,820) (78,813)
Real estate taxes (44,279) (43,559) (89,682) (88,452)
Net operating income $ 253,569 $ 240,890 $ 507,553 $ 480,325
Operating Ratios
NOI margin (NOI / revenues) 74.2 % 74.3 % 74.3 % 74.2 %
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) 92.9 % 91.3 % 93.9 % 92.5 %
Reconciliation of Net Income attributable to Brixmor Property Group Inc. to Net Operating Income
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Lease termination fees (2,742) (1,352) (4,372) (5,463)
Straight-line rental income, net (5,854) (9,781) (13,793) (17,262)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,689) (4,174) (7,798) (6,689)
Straight-line ground rent expense, net (1) 161 141 321 275
Depreciation and amortization 110,258 103,277 215,460 208,874
Impairment of real estate assets 5,974 — 5,974 —
General and administrative 27,858 29,093 56,050 57,266
Total other expense 47,941 38,540 54,292 88,441
Net income attributable to non-controlling interests 151 7 158 15
Net operating income $ 253,569 $ 240,890 $ 507,553 $ 480,325
Supplemental Statement of Operations Detail
Rental income
Base rent $ 248,033 $ 238,029 $ 494,651 $ 475,421
Expense reimbursements 82,081 76,027 164,846 154,738
Revenues deemed uncollectible (1,697) (2,028) (3,542) (4,656)
Lease termination fees 2,742 1,352 4,372 5,463
Straight-line rental income, net 5,854 9,781 13,793 17,262
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements 3,689 4,174 7,798 6,689
Ancillary and other rental income 10,313 9,239 18,365 14,920
Percentage rents 2,877 2,823 7,946 6,801
Total rental income $ 353,892 $ 339,397 $ 708,229 $ 676,638
Other revenues $ 307 $ 95 $ 789 $ 366
Interest expense
Mortgage, note, and other interest $ 53,477 $ 47,622 $ 105,949 $ 93,632
Unsecured credit facility and term loan interest 6,497 6,615 12,922 14,882
Capitalized interest (409) (959) (1,232) (2,223)
Deferred financing cost amortization 2,006 1,815 3,988 3,581
Debt premium and discount accretion, net (673) (684) (1,337) (1,379)
Total interest expense $ 60,898 $ 54,409 $ 120,290 $ 108,493
Other
Federal and state taxes $ 744 $ 753 $ 1,683 $ 1,460
Other 31 27 1,353 (87)
Total other $ 775 $ 780 $ 3,036 $ 1,373
Additional Disclosures
Capitalized construction compensation costs $ 3,836 $ 4,105 $ 7,878 $ 8,616
Capitalized real estate taxes, insurance, and utilities 1,199 641 2,391 1,367
Capitalized leasing legal costs (2) 363 616 765 947
Capitalized leasing commission costs 1,624 2,153 3,786 3,969
Equity compensation expense, net 3,592 4,797 5,977 8,910
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
(2) Capitalized leasing legal costs represent incremental direct costs associated with the execution of a lease.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 10
SAME PROPERTY NOI ANALYSIS
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Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 Change 6/30/26 6/30/25 Change
Same Property NOI Analysis
Number of properties 337 337 — 337 337 —
Percent billed 90.3 % 89.8 % 0.5 % 90.3 % 89.8 % 0.5 %
Percent leased 94.7 % 94.4 % 0.3 % 94.7 % 94.4 % 0.3 %
Revenues
Base rent $ 239,766 $ 229,431 $ 477,353 $ 457,597
Expense reimbursements 78,510 73,423 157,569 149,188
Revenues deemed uncollectible (1,495) (2,318) (3,071) (4,698)
Ancillary and other rental income / Other revenues 10,469 8,979 18,801 14,567
Percentage rents 2,774 2,774 7,754 6,717
330,024 312,289 5.7 % 658,406 623,371 5.6 %
Operating expenses
Operating costs (41,787) (38,177) (81,351) (75,619)
Real estate taxes (42,813) (42,157) (86,407) (85,429)
(84,600) (80,334) 5.3 % (167,758) (161,048) 4.2 %
Same property NOI $ 245,424 $ 231,955 5.8 % $ 490,648 $ 462,323 6.1 %
NOI margin 74.4 % 74.3 % 74.5 % 74.2 %
Expense recovery ratio 92.8 % 91.4 % 93.9 % 92.6 %
Percent Contribution to Same Property NOI Performance:
Change Percent Contribution Change Percent Contribution
Base rent $ 10,335 4.4 % $ 19,756 4.3 %
Revenues deemed uncollectible 823 0.4 % 1,627 0.3 %
Net expense reimbursements 821 0.4 % 1,671 0.4 %
Ancillary and other rental income / Other revenues 1,490 0.6 % 4,234 0.9 %
Percentage rents — 0.0 % 1,037 0.2 %
5.8 % 6.1 %
Reconciliation of Net income attributable to Brixmor Property Group Inc. to Same Property NOI
Net income attributable to Brixmor Property Group Inc. $ 73,511 $ 85,139 $ 201,261 $ 154,868
Adjustments:
Non-same property NOI (8,145) (8,935) (16,905) (18,002)
Lease termination fees (2,742) (1,352) (4,372) (5,463)
Straight-line rental income, net (5,854) (9,781) (13,793) (17,262)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements (3,689) (4,174) (7,798) (6,689)
Straight-line ground rent expense, net 161 141 321 275
Depreciation and amortization 110,258 103,277 215,460 208,874
Impairment of real estate assets 5,974 — 5,974 —
General and administrative 27,858 29,093 56,050 57,266
Total other expense 47,941 38,540 54,292 88,441
Net income attributable to non-controlling interests 151 7 158 15
Same property NOI $ 245,424 $ 231,955 $ 490,648 $ 462,323
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 11
CAPITAL EXPENDITURES
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Unaudited, dollars in thousands
Three Months Ended Six Months Ended
6/30/26 6/30/25 6/30/26 6/30/25
Leasing related:
Tenant improvements and tenant inducements $ 20,870 $ 18,120 $ 44,586 $ 38,394
External leasing commissions 2,582 4,526 5,886 7,415
23,452 22,646 50,472 45,809
Maintenance capital expenditures 8,405 6,330 14,164 8,884
Total leasing related and maintenance capital expenditures $ 31,857 $ 28,976 $ 64,636 $ 54,693
Value-enhancing:
Anchor space repositionings $ 4,574 $ 12,114 $ 9,727 $ 26,872
Outparcel developments 4,096 1,169 6,815 4,752
Redevelopments 13,081 32,306 29,395 62,111
Other (1) 2,998 2,710 6,990 5,608
Total value-enhancing capital expenditures $ 24,749 $ 48,299 $ 52,927 $ 99,343
(1) Includes, but is not limited to, minor value-enhancing projects, LED lighting upgrades, and solar projects.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 12
CAPITALIZATION, LIQUIDITY & DEBT RATIOS
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Unaudited, dollars and shares in thousands except per share amounts
As of As of
6/30/26 12/31/25
Equity Capitalization:
Common shares outstanding (1) 306,872 306,105
Common share price $ 31.53 $ 26.22
Total equity capitalization $ 9,675,674 $ 8,026,073
Redeemable non-controlling interests $ 30,643 $ —
Debt:
Revolving credit facility $ — $ —
Term loan facility 500,000 500,000
Unsecured notes 4,818,453 5,018,453
Secured mortgage 30,500 —
Total principal debt 5,348,953 5,518,453
Add: Net unamortized premium 7,452 10,277
Less: Deferred financing fees (33,982) (33,977)
Debt obligations, net 5,322,423 5,494,753
Less: Cash, cash equivalents and restricted cash (186,119) (361,530)
Net debt $ 5,136,304 $ 5,133,223
Total market capitalization $ 14,842,621 $ 13,159,296
Liquidity:
Cash, cash equivalents and restricted cash $ 186,119 $ 361,530
Available under Revolving Credit Facility (2) 1,248,630 1,248,597
Available under unsettled ATM forward equity contracts (3) 114,764 —
$ 1,549,513 $ 1,610,127
Ratios:
Principal debt to total market capitalization 36.0 % 41.9 %
Principal debt to total assets, before depreciation 42.1 % 43.4 %
Unencumbered assets to unsecured debt 2.4x 2.3x
Net Principal Debt to Adjusted EBITDA, current quarter annualized (4) 5.3x 5.4x
Net Principal Debt to Adjusted EBITDA, trailing twelve months (4) 5.4x 5.6x
Interest coverage, current quarter annualized (Adjusted EBITDA / interest expense) 4.0x 4.0x
Interest coverage, trailing twelve months (Adjusted EBITDA / interest expense) 4.0x 4.1x
Fixed charge coverage, current quarter annualized (Adjusted EBITDA / (interest expense + scheduled principal payments + preferred dividends)) 4.0x 4.0x
Fixed charge coverage, trailing twelve months (Adjusted EBITDA / (interest expense + scheduled principal payments + preferred dividends)) 4.0x 4.1x
As of As of
6/30/26 12/31/25
Percentage of total debt: (5)
Fixed 100.0 % 100.0 %
Variable — % — %
Unencumbered summary:
Percent of properties 99.7 % 100.0 %
Percent of ABR 99.9 % 100.0 %
Percent of NOI 99.9 % 100.0 %
Weighted average maturity (years):
Fixed 4.9 4.5
Variable — —
Total 4.9 4.5
Credit Ratings & Outlook: (6)
Fitch Ratings BBB Stable
Moody's Investors Service Baa2 Stable
S&P Global Ratings BBB Positive
(1) Does not include the unsettled common shares sold under unsettled ATM forward equity contracts.
(2) Funds available under the Revolving Credit Facility are reduced by outstanding letters of credit totaling $1.4 million.
(3) As of June 30, 2026, the Company had unsettled ATM forward equity contracts to issue 3.9 million shares of common stock.
(4) Net Principal Debt is as of the end of each specified period.
(5) Includes the impact of the Company's interest rate swap agreements.
(6) As of July 27, 2026.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 13
DEBT OBLIGATIONS
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Unaudited, dollars in thousands
Maturity Schedule - Debt Obligations
Year Maturities Weighted Average Stated Interest Rate (1)
2026 $ 7,542 7.68 %
2027 400,000 3.90 %
2028 357,708 2.35 %
2029 753,203 4.14 %
2030 1,300,000 4.31 %
2031 530,500 2.67 %
2032 400,000 5.20 %
2033 400,000 4.85 %
2034 400,000 5.50 %
2035 400,000 5.75 %
2036+ 400,000 5.38 %
Total Debt Obligations $ 5,348,953 4.35 %
Net unamortized premium 7,452
Deferred financing costs (33,982)
Debt Obligations, Net $ 5,322,423
Summary of Outstanding Debt Obligations
Outstanding Weighted Average Maturity Percent of
Loan Principal Balance Stated Interest Rate (1) Date Total Indebtedness
Fixed Rate Debt:
Secured Mortgages
Mayfair Shopping Center $ 30,500 5.50 % 6/1/31 0.57 %
Unsecured fixed rate debt
Term Loan Facility (SOFR + 85 basis points) (2)(3)(4) 500,000 4.73 % 4/30/30 9.35 %
Unsecured Notes
7.97% 2026 Brixmor LLC Notes 694 7.97 % 8/14/26 0.01 %
7.65% 2026 Brixmor LLC Notes 6,100 7.65 % 11/2/26 0.11 %
7.68% 2026 Brixmor LLC Notes I 748 7.68 % 11/2/26 0.01 %
3.90% 2027 Brixmor OP Notes 400,000 3.90 % 3/15/27 7.48 %
6.90% 2028 Brixmor LLC Notes I 2,222 6.90 % 2/15/28 0.04 %
6.90% 2028 Brixmor LLC Notes II 5,486 6.90 % 2/15/28 0.10 %
2.25% 2028 Brixmor OP Notes 350,000 2.25 % 4/1/28 6.54 %
4.13% 2029 Brixmor OP Notes 750,000 4.13 % 5/15/29 14.02 %
7.50% 2029 Brixmor LLC Notes 3,203 7.50 % 7/30/29 0.06 %
4.05% 2030 Brixmor OP Notes 800,000 4.05 % 7/1/30 14.96 %
2.50% 2031 Brixmor OP Notes 500,000 2.50 % 8/16/31 9.35 %
5.20% 2032 Brixmor OP Notes 400,000 5.20 % 4/1/32 7.48 %
4.85% 2033 Brixmor OP Notes 400,000 4.85 % 2/15/33 7.48 %
5.50% 2034 Brixmor OP Notes 400,000 5.50 % 2/15/34 7.48 %
5.75% 2035 Brixmor OP Notes 400,000 5.75 % 2/15/35 7.48 %
5.38% 2036 Brixmor OP Notes 400,000 5.38 % 6/15/36 7.48 %
Total Fixed Rate Unsecured Notes 4,818,453 4.30 % 90.08 %
Total Fixed Rate Debt $ 5,348,953 4.35 % 100.00 %
Variable Rate Debt:
Revolving Credit Facility (SOFR + 77.5 basis points) (4) $ — 4.46 % 4/30/29 — %
Total Variable Rate Debt $ — 4.46 % — %
Total Debt Obligations $ 5,348,953 4.35 % 100.00 %
Net unamortized premium 7,452
Deferred financing costs (33,982)
Debt Obligations, Net $ 5,322,423
(1) Weighted average stated interest rate includes the impact of the Company's interest rate swap agreements.
(2) Effective July 26, 2024, $300.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 4.08% (plus a spread, currently 85 basis points) through July 26, 2027.
(3) Effective May 1, 2023, $200.0 million of the Term Loan Facility is swapped from SOFR to a fixed, combined rate of 3.59% (plus a spread, currently 85 basis points) through July 26, 2027.
(4) As of June 30, 2026, the Revolving Credit Facility and Term Loan Facility qualify for reductions of 7.5 basis points and 10 basis points, respectively, in the applicable credit spreads due to the achievement of certain leverage ratio metric targets.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 14
COVENANT DISCLOSURE
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Unaudited, dollars in thousands
Unsecured OP Notes Covenant Disclosure
Covenants 6/30/26
I. Aggregate debt test < 65% 43.2 %
Total Debt 5,322,423
Total Assets 12,323,630
II. Secured debt test < 40% 0.2 %
Total Secured Debt 30,500
Total Assets 12,323,630
III. Unencumbered asset ratio > 150% 231.4 %
Total Unencumbered Assets 12,243,183
Unsecured Debt 5,291,923
Prior Twelve Months Prior Six Months, Annualized
IV. Debt service test (1) > 1.5x 4.0x 4.1x
Consolidated EBITDA 953,396 964,968
Annual Debt Service Charge 235,796 236,301
(1) For the OP's 2.25% 2028 Notes, 4.05% 2030 Notes, 2.50% 2031 Notes, 5.20% 2032 Notes, 4.85% 2033 Notes, 5.50% 2034 Notes, 5.75% 2035 Notes, and 5.38% 2036 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 May 5, 2026 and the notes and indenture incorporated therein by reference.
Unsecured Credit Facility Covenant Disclosure
Covenants 6/30/26
I. Leverage ratio < 60% 31.3 %
Total Outstanding Indebtedness 5,348,953
Balance Sheet Cash (1) 195,659
Total Asset Value 16,451,250
II. Secured leverage ratio < 40% — %
Total Secured Indebtedness 30,500
Balance Sheet Cash (1) 195,659
Total Asset Value 16,451,250
III. Unsecured leverage ratio < 60% 31.4 %
Total Unsecured Indebtedness 5,318,453
Unrestricted Cash (2) 180,429
Unencumbered Asset Value 16,381,250
IV. Fixed charge coverage ratio > 1.5x 4.3x
Total Net Operating Income 1,021,008
Capital Expenditure Reserve 9,377
Fixed Charges 236,105
(1) Balance Sheet Cash consists of the OP's Cash and cash equivalents, Restricted cash, and certain Marketable securities.
(2) Unrestricted Cash consists of the OP's Cash and cash equivalents and certain Marketable securities.
For detailed descriptions of the Unsecured Credit Facility covenant calculations and definitions of capitalized terms please refer to the Fourth Amended and Restated Revolving Credit and Second Amended and Restated Term Loan Agreements, dated as of April 24, 2025 filed as Exhibits 10.1 and 10.2, respectively, to Form 10-Q, filed with the Securities and Exchange Commission on April 28, 2025.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 15
> INVESTMENT SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2026
ACQUISITIONS
↩ Table of
Contents
Dollars in thousands, except ABR PSF
Property Name
CBSA
Purchase Date
Purchase Price
GLA /
Acres (1) Percent Leased (1) ABR
PSF (1)(2) Major Tenants (1)(3)
There were no acquisitions completed during the three months ended March 31, 2026.
Three Months Ended June 30, 2026
Mayfair Shopping Center New York-Newark-Jersey City, NY-NJ 5/27/26 $ 70,000 221,010 99.1 % $ 22.84 LIDL, Gap Factory Store, Kids Empire, PGA TOUR Superstore, Planet Fitness
Vintage Marketplace Houston-Pasadena-The Woodlands, TX 5/27/26 32,700 72,184 91.6 % 28.42 Whole Foods Market (Amazon)
Stanford Station Panama City-Panama City Beach, FL 6/23/26 15,125 96,844 98.6 % 11.42 Academy Sports + Outdoors
Jones Crossing College Station-Bryan, TX 6/23/26 46,500 163,472 100.0 % 64.48 H-E-B
$ 164,325 553,510
TOTAL - SIX MONTHS ENDED JUNE 30, 2026 $ 164,325 553,510
(1) Data presented is as of the quarter end subsequent to the acquisition date.
(2) ABR PSF excludes the GLA of lessee-owned leasehold improvements.
(3) Major tenants exclude non-owned major tenants.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 17
DISPOSITIONS
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Contents
Dollars in thousands, except ABR PSF
Property Name
CBSA
Sale Date
Sale Price
GLA /
Acres (1) Percent Leased (1) ABR
PSF (1)(2) Major Tenants (1)(3)
Three Months Ended March 31, 2026
Park Hills Plaza Altoona, PA 1/26/26 $ 5,175 9,894 100.0 % $ 39.52 -
Spencer Square Houston-Pasadena-The Woodlands, TX 1/29/26 30,750 181,888 95.1 % 12.26 Kroger, bealls, Octapharma, Petco, Retro Fitness
Southland Shopping Center Cleveland, OH 3/16/26 57,500 421,977 81.2 % 14.67 Giant Eagle, Marc's, Crunch Fitness, Dollar Tree, Five Below, Marshalls, OfficeMax, Petco
Broadway Houston-Pasadena-The Woodlands, TX 3/19/26 14,500 74,988 100.0 % 14.55 El Ahorro Supermarket, Blink Fitness (Equinox), Melrose Fashions
$ 107,925 688,747
Three Months Ended June 30, 2026
Farmington Crossroads Detroit-Warren-Dearborn, MI 4/15/26 $ 11,250 85,168 100.0 % $ 12.73 Ollie's Bargain Outlet, True Value
Harpers Station Cincinnati, OH-KY-IN 6/30/26 3,870 8,200 100.0 % 34.02 -
$ 15,120 93,368
TOTAL - SIX MONTHS ENDED JUNE 30, 2026 $ 123,045 782,115
(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.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 18
ANCHOR SPACE REPOSITIONING SUMMARY
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Contents
Dollars in thousands
Property Name
CBSA Description
IN PROCESS ANCHOR SPACE REPOSITIONINGS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2026
1 Arapahoe Crossings - Project III Denver-Aurora-Centennial, CO Remerchandise former buybuy BABY with a 12K SF Miniso and an additional retailer
In Process Projects
2 Carmen Plaza Oxnard-Thousand Oaks-Ventura, CA Remerchandise former 24 Hour Fitness with a 37K SF specialty grocer
3 Arapahoe Crossings - Project II Denver-Aurora-Centennial, CO Remerchandise former Kohl's with a 54K SF Hobby Lobby and additional retailers
4 The Plaza at Buckland Hills Hartford-West Hartford-East Hartford, CT Remerchandise former JOANN and Party City with a 32K SF Ross Dress for Less and a 25K SF Nordstrom Rack
5 Colonial Commons - Orange New Haven, CT Remerchandise former Christmas Tree Shops with a 53K SF Big Y grocer
6 Northgate Shopping Center Deltona-Daytona Beach-Ormond Beach, FL Remerchandise former Big Lots with a 27K SF Marshalls and additional retailers
7 Regency Park Shopping Center Jacksonville, FL Remerchandise former Party City with an 11K SF NetCost Market grocer
8 Colonial Marketplace Orlando-Kissimmee-Sanford, FL Remerchandise former Burlington Stores with a 23K SF Sierra and additional retailers
9 Vineyards at Chateau Elan Atlanta-Sandy Springs-Roswell, GA Remerchandise former Publix with a 23K SF Sprouts Farmers Market and a 22K SF Ross Dress for Less
10 Westridge Court / Block 59 Chicago-Naperville-Elgin, IL-IN Reconfigure and remerchandise former Bed Bath & Beyond with a 26K SF Wayfair Outlet (expanding from existing adjacent location) and a 16K SF L.L.Bean
11 Sun Ray Shopping Center - Project II Minneapolis-St. Paul-Bloomington, MN-WI Remerchandise former TJ Maxx and adjacent small shop space with a 19K SF Burlington Stores and additional retailers
12 Capitol Shopping Center Concord, NH Rightsize existing Burlington Stores to 23K SF to accommodate the addition of a 13K SF Boot Barn, a 10K SF Five Below, and a 9K SF Ulta
13 Old Bridge Gateway New York-Newark-Jersey City, NY-NJ Remerchandise former Robert Wood Johnson Fitness with a 22K SF Ross Dress for Less and additional retailers
14 Roanoke Plaza New York-Newark-Jersey City, NY-NJ Remerchandise former TJ Maxx with a 22K SF Ross Dress for Less and a 15K SF Boot Barn
15 Wilkes-Barre Township Marketplace Scranton--Wilkes-Barre, PA Remerchandise former Party City with a 16K SF NetCost Market grocer
16 Merchants Park Houston-Pasadena-The Woodlands, TX Combine multiple adjacent spaces for a 25K SF Marshalls
Number of Projects Net Estimated Costs (1) Gross Costs to Date Expected NOI Yield (1)
Total In Process 16 $ 79,200 $ 31,950 7% - 14%
STABILIZED ANCHOR SPACE REPOSITIONINGS
Projects Stabilized During the Three Months Ended March 31, 2026
1 Pine Tree Shopping Center Portland-South Portland, ME Remerchandise former Big Lots with a 25K SF ALDI
2 Northshore - Project II Houston-Pasadena-The Woodlands, TX Remerchandise and expand former Sellers Bros. with a 30K SF El Rancho (Heritage Grocers)
Number of Projects Net Project
Costs (1) NOI Yield (1)
Total Stabilized 2 $ 4,550 10 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects or that the net estimated costs or expected NOI yields will be the amounts shown. The net estimated costs and expected NOI yields are management's best estimates based on current information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 19
OUTPARCEL DEVELOPMENT SUMMARY
↩ Table of
Contents
Dollars in thousands
Stabilization
Net Estimated Gross Costs
Expected
Property Name
CBSA
Project Description
Quarter
Costs (1)
to Date
NOI Yield (1)
IN PROCESS OUTPARCEL DEVELOPMENTS
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2026
1 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Construction of a 1K SF Dutch Bros. with a drive-thru Dec-26 $ 150 $ 150 148 %
2 Bay Forest Houston-Pasadena-The Woodlands, TX Construction of a 7K SF Mavis Tires & Brakes Mar-27 50 50 124 %
3 Lynn Marketplace Boston-Cambridge-Newton, MA-NH Construction of a 7K SF multi-tenant outparcel, including a 2K SF Chipotle, a 2K SF Panda Express, and an additional retailer Sep-27 4,750 800 10 %
4 Regency Park Shopping Center Jacksonville, FL Construction of a 5K SF Bank of America with a drive-thru Dec-27 1,650 200 14 %
In Process Projects
5 Crown Point Columbus, OH Construction of a 0.3K SF Biggby Coffee with a drive-thru Sep-26 150 — 38 %
6 Wallkill Plaza Kiryas Joel-Poughkeepsie-Newburgh, NY Construction of a 5K SF Chick-fil-A Dec-26 200 150 113 %
7 Laurel Square New York-Newark-Jersey City, NY-NJ Construction of a 5K SF multi-tenant outparcel, including a 3K SF Chipotle with a drive-thru and a 2K SF Quickway Japanese Hibachi; and construction of a 3K SF Starbucks with a drive-thru Dec-26 3,650 2,700 14 %
8 Hanover Square Richmond, VA Construction of two multi-tenant outparcels, including a 4K SF First Watch, a 2K SF Cava with a drive-thru, a 2K SF Habit Burger, and a 2K SF Panda Express Dec-26 7,400 5,200 9 %
9 Pacoima Center Los Angeles-Long Beach-Anaheim, CA Construction of a 3K SF Starbucks with a drive-thru Mar-27 1,050 500 25 %
10 Arvada Plaza Denver-Aurora-Centennial, CO Construction of a 3K SF PNC Bank with a drive-thru Mar-27 500 200 12 %
11 Northtown Plaza Houston-Pasadena-The Woodlands, TX Construction of a 2K SF Take 5 Oil Change Mar-27 100 100 71 %
12 Stratford Square Bridgeport-Stamford-Danbury, CT Construction of a 19K SF ALDI Jun-27 3,100 550 7 %
13 Town Square Binghamton, NY Construction of a 6K SF Chick-fil-A Jun-27 200 150 7 %
TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 22,950 $ 10,750 14 %
Stabilization Net Project
Property Name CBSA Project Description Quarter Costs (1,3) NOI Yield (1,3)
STABILIZED OUTPARCEL DEVELOPMENTS
Projects Stabilized During the Three Months Ended June 30, 2026
1 Venice Village North Port-Bradenton-Sarasota, FL Construction of a 2K SF Chipotle with a drive-thru Jun-26 $ 1,750 10 %
2 Martin Downs Village Center (2) Port St. Lucie, FL Construction of a 2K SF Chipotle with a drive-thru and a 2K SF Wendy's with a drive-thru Jun-26 3,100 10 %
3 Sunshine Square New York-Newark-Jersey City, NY-NJ Construction of a 2K SF Taco Bell Jun-26 500 23 %
TOTAL STABILIZED OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 5,350 11 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude $0.2M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
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, 2025.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 20
REDEVELOPMENT SUMMARY
↩ Table of
Contents
Dollars in thousands
Net
Gross
Expected
Property
Stabilization
Estimated
Costs
NOI
Property Name CBSA Project Description Acreage Quarter Costs (1) to Date Yield (1)
New Projects Added To In Process Pipeline During The Three Months Ended June 30, 2026
1 Morris Hills Shopping Center New York-Newark-Jersey City, NY-NJ Redevelopment and reconfiguration of center to accommodate addition of a 13K SF specialty grocer, a 3K SF Paris Baguette, and additional retailers; and shopping center upgrades including landscaping, lighting, façade, signage, pylon improvements, and parking lot reconfigurations 18 Dec-27 $ 15,000 $ 900 8 %
2 South Towne Centre Dayton-Kettering-Beavercreek, OH Redevelopment and reconfiguration of center to accommodate addition of a 51K SF VASA Fitness, a 25K SF HomeSense, an 18K SF Barnes & Noble, an 18K Sierra, and an additional retailer; and shopping center upgrades including façade renovations 29 Jun-28 13,700 550 10 %
3 Market Plaza Dallas-Fort Worth-Arlington, TX Redevelopment and reconfiguration of shopping center including demolition of 23K SF to accommodate construction of a 26K SF Kirby Ice House including a 10K SF restaurant and 16K SF of outdoor seating and entertainment space; remerchandise 23K SF of retail space to accommodate additional retailers; and shopping center upgrades including façade renovations, landscaping enhancements, and related site improvements 27 Jun-28 10,200 600 12 %
IN PROCESS REDEVELOPMENTS
4 Preston Park Village (2) Dallas-Fort Worth-Arlington, TX Redevelopment of former Kroger with a 24K SF HomeGoods and a 13K SF Petco; construction of a 3K SF outparcel; and shopping center upgrades including expansion and upgrade of existing outdoor dining patios, façade renovations, parking reconfiguration, and landscaping and signage enhancements 26 Sep-26 35,550 31,100 8 %
5 Tinley Park Plaza (3) Chicago-Naperville-Elgin, IL-IN Redevelopment of former Walt's and adjacent space with a 22K SF Ross Dress for Less, a 9K SF Five Below, and additional retailers; construction of a 5K SF Fifth Third Bank outparcel; and shopping center upgrades including façade and roof renovations 22 Dec-26 11,550 11,600 13 %
6 Hillcrest Market Place Spartanburg, SC Redevelopment and reconfiguration of adjacent small shop space to accommodate addition of a 6K SF J.Crew, a 5K SF Hallmark, and additional retailers surrounding a newly constructed outdoor community courtyard; and shopping center upgrades including façade, landscaping, and common area enhancements 38 Dec-26 5,000 3,450 10 %
7 Dalewood I, II & III Shopping Center New York-Newark-Jersey City, NY-NJ Redevelopment of former Christmas Tree Shops with a 21K SF Sprouts Farmers Market and an additional retailer; remerchandise 19K SF of retail space with restaurants; and shopping center upgrades including façade renovations and parking lot reconfiguration 6 Mar-27 10,600 5,500 7 %
8 Barn Plaza - Phase II Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Demolition of 49K SF former freestanding theater to accommodate construction of three multi-tenant outparcel buildings totaling 46K SF, including a 13K SF Pottery Barn, a 6K SF Burton's Grill & Bar, a 6K SF Williams Sonoma, a 5K SF Sephora, a 3K SF Shake Shack, a 2K SF Just Salad, a 2K SF Naya, and a 2K SF Starbucks with a drive-thru; and shopping center upgrades including new storm water management, lighting, landscaping, and signage, and improved vehicular and pedestrian connectivity 42 Jun-27 24,500 4,250 11 %
9 Roosevelt Mall - Phase III Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Construction of a 37K SF multi-tenant outparcel building at property entrance, including a 10K SF Ulta, a 6K SF Victoria's Secret, a 5K SF LOFT Outlet, a 3K SF Cava, a 3K SF Shake Shack, and additional retailers; reconfigure several existing small shop vacancies and remerchandise with a 13K SF Teso Life and additional retailers; and shopping center upgrades to align with previous phase improvements including façade and sidewalk renovations, new landscaping and signage, and common area enhancements 36 Sep-27 21,450 4,600 11 %
10 Wynnewood Village - Phase V Dallas-Fort Worth-Arlington, TX Redevelopment of vacant outparcel pads, including the construction of a multi-tenant outparcel building for a 3K SF Cava and a 2K SF Chipotle, construction of a 3K SF Chase outparcel, and the construction of a 6K SF restaurant outparcel; reconfiguration of inline retail space to accommodate a 24K SF junior anchor and additional retailers; and shopping center upgrades including façade renovations, landscaping enhancements, and parking lot improvements 65 Sep-27 15,200 2,350 9 %
11 Sunrise Town Center Miami-Fort Lauderdale-West Palm Beach, FL Demolition of 52K SF former fitness center to accommodate construction of a 47K SF Publix; reconfigure and remerchandise several small shop spaces; and shopping center upgrades including façade renovations and parking lot improvements 17 Dec-27 12,050 600 14 %
12 Pointe Orlando - Phase III Orlando-Kissimmee-Sanford, FL Remerchandise with relevant retailers including a two-story 18K SF Museum of Ice Cream and an additional retailer; and shopping center upgrades to align with previous phase improvements including façade, landscaping and lighting and common area enhancements including public seating areas and improved pedestrian plazas 17 Dec-27 12,500 3,050 23 %
13 Circle Center Hilton Head Island-Bluffton-Port Royal, SC Demolition of 45K SF former BI-LO to accommodate construction of a 48K SF Publix; reconfigure and remerchandise several small shop spaces; and pedestrian improvements, including sidewalk access to new municipal park 7 Dec-27 12,550 700 6 %
14 Rockland Plaza New York-Newark-Jersey City, NY-NJ Extensive reconfiguration of center including redevelopment of former Barnes & Noble and Petco with a 25K SF Nordstrom Rack, a 5K SF Ann Taylor Factory Store, a 4K SF Motion PT, and additional retailers; redevelopment and rightsize of former Modells Sporting Goods and Marshalls to accommodate a 30K SF Ross Dress for Less, a 29K SF Burlington Stores, a 2K SF Honeygrow, a 2K SF Naya, and additional retailers; remerchandise several small shop spaces including the addition of a 3K SF Quickway Hibachi; construction of a 5K SF outparcel; and shopping center upgrades including comprehensive façade renovations, new landscaping, site lighting and signage, and structural upgrades 27 Mar-28 29,450 5,800 12 %
15 Westridge Court / Block 59 - Phase II Chicago-Naperville-Elgin, IL-IN Construction of two multi-tenant buildings totaling 22K SF surrounding the newly redeveloped restaurant, entertainment, and event district; and shopping center upgrades to align with previous phase improvements including new landscaping, signage, lighting, and improved vehicular and pedestrian circulation and connectivity 82 Jun-28 16,350 6,700 9 %
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 245,650 $ 81,750 10 %
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 21
REDEVELOPMENT SUMMARY
↩ Table of
Contents
Dollars in thousands
Property
Stabilization
Net Project
NOI
Property Name
CBSA
Project Description
Acreage
Quarter
Costs (1,5) Yield (1,5)
STABILIZED REDEVELOPMENTS
Projects Stabilized During The Three Months Ended March 31, 2026
1 Westridge Court / Block 59 - Phase I Chicago-Naperville-Elgin, IL-IN Redevelopment, reconfiguration, and rebranding of center, including the demolition of an underutilized two-story building, to accommodate the addition of a vibrant restaurant and entertainment district with an event plaza surrounded by several single-tenant buildings and outparcels including a 9K SF The Cheesecake Factory, an 8K SF Yard House, an 8K SF Ruth's Chris Steak House, a 3K SF Shake Shack, and a 2K SF Stan's Donuts; construction of additional multi-tenant outparcels including a 7K SF Piccolo Buco and a 4K SF First Watch and a 3K SF Velvet Taco, a 2K SF Crisp & Green, and a 2K SF Fresh Fin; and shopping center upgrades including new landscaping, signage, lighting, and improved vehicular and pedestrian circulation and connectivity 82 Mar-26 40,600 9 %
2 Wynnewood Village - Phase IV (4) Dallas-Fort Worth-Arlington, TX Ground-up construction of a 111K SF Target; remerchandise of existing anchor space with a 26K SF Burlington Stores; and shopping center upgrades including façade renovations, landscaping enhancements, signage upgrades, and parking lot improvements 65 Mar-26 32,650 9 %
TOTAL STABILIZED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE $ 73,250 9 %
(1) Reflects gross project costs less any project specific credits (lease termination fees or other ancillary credits).
(2) Net project costs exclude $0.2M of project specific credits (lease termination fees or other ancillary credits).
(3) Net project costs exclude $2.5M of project specific credits (lease termination fees or other ancillary credits).
(4) Net project costs exclude $3.4M of project specific credits (lease termination fees or other ancillary credits).
(5) Net project costs and NOI yields may vary from those previously disclosed due to final project reconciliations.
The in process projects listed above are actively underway and reflect projects for which leases have been signed with the tenant(s) listed in the project descriptions. There is no guarantee that the Company will complete any or all of these projects, that the
net estimated costs or expected NOI yields will be the amounts shown, or that stabilization will occur as anticipated. The net estimated costs, expected NOI yields, and anticipated stabilization dates are management's best estimates based on current
information and may change over time. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 22
FUTURE REDEVELOPMENT OPPORTUNITIES
↩ Table of
Contents
Property Name CBSA Project Description
MAJOR REDEVELOPMENTS
1 Village at Mira Mesa San Diego-Chula Vista-Carlsbad, CA Redevelopment of existing anchor space for potential residential rental component
2 Metro 580 San Francisco-Oakland-Fremont, CA Redevelopment of existing anchor space for multiple retailers
3 Venetian Isle Shopping Ctr Miami-Fort Lauderdale-West Palm Beach, FL Redevelopment of existing anchor space for new anchor prototype, potential outparcel development
4 Britton Plaza Tampa-St. Petersburg-Clearwater, FL Extensive repositioning and reconfiguration, densification of site
5 Dolphin Village Tampa-St. Petersburg-Clearwater, FL Redevelopment and reposition of existing center with new anchor prototype
6 Kings Market Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center, densification of site
7 Northeast Plaza - Future Phases Atlanta-Sandy Springs-Roswell, GA Redevelopment of existing anchor space for multiple retailers, densification of site
8 Kings Park Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of shopping center to leverage proximity to area transit, remerchandise with multiple retailers, potential multi-family component
9 Three Village Shopping Center New York-Newark-Jersey City, NY-NJ Extensive repositioning and reconfiguration, densification of site
10 Wynnewood Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center, densification of site
MINOR REDEVELOPMENTS
1 Brea Gateway Los Angeles-Long Beach-Anaheim, CA Redevelopment and repositioning of shopping center which may include site densification with addition of outparcel pad development
2 Chino Spectrum Towne Center Riverside-San Bernardino-Ontario, CA Redevelopment and repositioning of shopping center, densification of site
3 The Plaza at Buckland Hills Hartford-West Hartford-East Hartford, CT Redevelopment and repositioning of shopping center, densification of site
4 Colonial Commons - Orange New Haven, CT Redevelopment and repositioning of shopping center
5 23rd Street Station Panama City-Panama City Beach, FL Redevelopment and repositioning of shopping center
6 Panama City Square Panama City-Panama City Beach, FL Redevelopment and repositioning of shopping center, densification of site
7 East Port Plaza Port St. Lucie, FL Redevelopment and repositioning of shopping center
8 Rutland Plaza Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
9 Tyrone Gardens Tampa-St. Petersburg-Clearwater, FL Redevelopment and repositioning of shopping center
10 Cosby Station Atlanta-Sandy Springs-Roswell, GA Redevelopment and repositioning of shopping center
11 High Point Centre Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
12 North Riverside Plaza Chicago-Naperville-Elgin, IL-IN Redevelopment and reposition of rear portion of shopping center
13 Ridge Plaza Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
14 Rivercrest Shopping Center Chicago-Naperville-Elgin, IL-IN Redevelopment of existing anchor space for multiple retailers
15 Westridge Court / Block 59 - Future Phases Chicago-Naperville-Elgin, IL-IN Redevelopment and repositioning of shopping center
16 Meridian Village Indianapolis-Carmel-Greenwood, IN Redevelopment and repositioning of shopping center
17 Burlington Square I, II & III - Future Phases Boston-Cambridge-Newton, MA-NH Redevelopment and repositioning of shopping center
18 Burning Tree Plaza Duluth, MN-WI Redevelopment of existing anchor space for multiple retailers
19 Richfield Hub Minneapolis-St. Paul-Bloomington, MN-WI Redevelopment and repositioning of shopping center, densification of site
20 Wallkill Plaza Kiryas Joel-Poughkeepsie-Newburgh, NY Redevelopment of existing anchor spaces, remerchandise shop space and façade renovation
21 Mayfair Shopping Center (1) New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center, densification of site
22 Middletown Plaza New York-Newark-Jersey City, NY-NJ Redevelopment of existing anchor space for multiple retailers
23 Morris Hills Shopping Center - Future Phases New York-Newark-Jersey City, NY-NJ Densification of site, including multi-tenant outparcel development, potential multi-family component
24 Suffolk Plaza New York-Newark-Jersey City, NY-NJ Densification of site, including multi-tenant outparcel development
25 Tinton Falls Plaza New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center
26 West Center New York-Newark-Jersey City, NY-NJ Redevelopment and repositioning of shopping center, densification of site
27 The Commons at Chancellor Park Charlotte-Concord-Gastonia, NC-SC Redevelopment and repositioning of shopping center
28 North Ridge Shopping Center Raleigh-Cary, NC Redevelopment of existing anchor space for multiple retailers, densification of site
29 Parkway Plaza Winston-Salem, NC Reposition of former anchors which may include site densification with addition of outparcel pad development
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 23
FUTURE REDEVELOPMENT OPPORTUNITIES
↩ Table of
Contents
Property Name CBSA Project Description
30 69th Street Plaza Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space for multiple retailers, densification of site
31 Bristol Park Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment of existing anchor space, inline shop space and façade renovation
32 Roosevelt Mall - Future Phases Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Extensive repositioning and reconfiguration, densification of site
33 Warminster Towne Center Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Redevelopment and repositioning of shopping center, densification of site
34 Parmer Crossing Austin-Round Rock-San Marcos, TX Redevelopment of existing anchor space for multiple retailers, densification of site
35 Jones Crossing (1) College Station-Bryan, TX Redevelopment and repositioning of shopping center, densification of site
36 Arboretum Village Dallas-Fort Worth-Arlington, TX Densification of site, including multi-tenant outparcel development
37 Preston Park Village - Future Phases Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
38 Stevens Park Village Dallas-Fort Worth-Arlington, TX Redevelopment and repositioning of shopping center
39 Webb Royal Plaza Dallas-Fort Worth-Arlington, TX Redevelopment of existing anchor space for multiple retailers, densification of site
40 Clear Lake Camino South Houston-Pasadena-The Woodlands, TX Redevelopment of existing anchor space for multiple retailers, densification of site
41 LaCenterra at Cinco Ranch Houston-Pasadena-The Woodlands, TX Redevelopment and repositioning of shopping center
42 Lake Pointe Village Houston-Pasadena-The Woodlands, TX Reposition of existing vacant space, densification of site
(1) Indicates project added to the pipeline during the three months ended June 30, 2026.
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, 2025.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 24
> PORTFOLIO SUMMARY
Supplemental Disclosure
Three Months Ended June 30, 2026
PORTFOLIO OVERVIEW
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
As of:
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Number of properties 346 344 348 354 360
GLA 62,507,837 62,055,877 62,684,741 63,368,510 63,621,719
Percent billed 90.4% 91.4% 91.6% 90.2% 89.7%
Percent leased 94.8% 95.1% 95.1% 94.1% 94.2%
TOTAL ≥ 10,000 SF 95.9% 96.5% 96.6% 95.4% 95.6%
TOTAL < 10,000 SF 92.6% 92.1% 92.2% 91.4% 91.2%
ABR $ 1,072,017 $ 1,053,747 $ 1,049,958 $ 1,034,848 $ 1,017,857
ABR PSF $ 19.33 $ 19.05 $ 18.77 $ 18.48 $ 18.07
PORTFOLIO BY UNIT SIZE AS OF 6/30/26
Number of
Units
GLA Percent of GLA Percent Billed Percent Leased ABR Percent of ABR ABR PSF
≥ 35,000 SF 373 21,223,657 34.0% 92.7% 96.4% $ 216,750 20.2% $ 12.25
20,000 - 34,999 SF 474 12,334,455 19.7% 90.0% 95.9% 160,934 15.0% 13.70
10,000 - 19,999 SF 619 8,439,648 13.5% 90.6% 94.7% 136,390 12.7% 17.49
5,000 - 9,999 SF 1,091 7,532,560 12.0% 88.1% 93.5% 162,511 15.2% 24.24
< 5,000 SF 5,987 12,977,517 20.8% 88.1% 92.1% 395,432 36.9% 34.33
TOTAL 8,544 62,507,837 100.0% 90.4% 94.8% $ 1,072,017 100.0% $ 19.33
TOTAL ≥ 10,000 SF 1,466 41,997,760 67.2% 91.5% 95.9% $ 514,074 47.9% $ 13.81
TOTAL < 10,000 SF 7,078 20,510,077 32.8% 88.1% 92.6% 557,943 52.1% 30.62
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 26
PORTFOLIO COMPOSITION
Dollars in thousands
NATIONAL / REGIONAL AND LOCAL TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR
ANCHOR AND SMALL SHOP TENANTS
Percent of Portfolio Leased GLA Percent of Portfolio ABR
↩ Table of
Contents
Merchandise Mix ABR Percent of ABR
Restaurants $ 194,398 18 %
Grocery 146,661 14 %
Personal services 86,248 8 %
Off-price apparel 75,287 7 %
Fitness / sports 65,706 6 %
Medical 60,413 6 %
Value apparel, shoes, accessories 57,966 4 %
General merchandise (department, gift, etc.) 47,339 4 %
Home décor 40,183 4 %
Health & beauty 35,467 3 %
Entertainment 32,307 3 %
Financial services 28,817 3 %
Pet 28,058 3 %
General merchandise (discount / dollar) 27,018 3 %
Hobby & crafts 23,880 2 %
Electronics & appliance 23,582 2 %
Sporting goods 19,233 2 %
Home improvement 16,547 2 %
Other (1) 62,907 6 %
TOTAL $ 1,072,017 100 %
(1) Other represents categories with percent of ABR of 1% or less including auto, liquor, mail / shipping and other services, office supply, party, pharmacy, and professional services.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 27
TOP FORTY RETAILERS RANKED BY ABR
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Retailer Owned Leases (1) Leased GLA (1) Percent of GLA (1) ABR (1) Percent of ABR (1) ABR PSF (1)
1 The TJX Companies, Inc. (2) 96 2,692,031 4.3 % $ 36,591 3.4 % $ 13.59
2 The Kroger Co. (3) 43 2,938,034 4.7 % 23,773 2.2 % 8.09
3 Burlington Stores, Inc. 46 1,725,367 2.8 % 21,629 2.0 % 12.54
4 Ross Stores, Inc (4) 54 1,354,821 2.2 % 18,541 1.7 % 13.69
5 Publix Super Markets, Inc. 33 1,550,039 2.5 % 16,537 1.5 % 10.67
6 Dollar Tree Stores, Inc. 107 1,244,745 2.0 % 16,041 1.5 % 12.89
7 Amazon.com, Inc. / Whole Foods Market Services, Inc. 19 692,907 1.1 % 13,025 1.2 % 18.80
8 Five Below, Inc. 66 626,061 1.0 % 13,018 1.2 % 20.79
9 Ulta Beauty, Inc. 39 420,978 0.7 % 10,695 1.0 % 25.41
10 PetSmart, Inc. 28 609,077 1.0 % 10,511 1.0 % 17.26
531 13,854,060 22.3 % 180,361 16.7 % 13.02
11 Albertson's Companies, Inc (5) 14 749,018 1.2 % 10,100 0.9 % 13.48
12 L.A Fitness International, LLC (6) 11 452,446 0.7 % 9,241 0.9 % 20.42
13 Ahold Delhaize (7) 13 736,178 1.2 % 8,522 0.8 % 11.58
14 PETCO Animal Supplies, Inc. 32 450,934 0.7 % 8,379 0.8 % 18.58
15 Kohl's Corporation 13 963,606 1.5 % 7,451 0.7 % 7.73
16 The Michaels Companies, Inc. 24 544,061 0.9 % 7,383 0.7 % 13.57
17 Sprouts Farmers Market, Inc. 10 268,112 0.4 % 6,723 0.6 % 25.08
18 Barnes & Noble, Inc. (8) 18 349,602 0.6 % 6,344 0.6 % 18.15
19 Best Buy Co., Inc. 12 434,051 0.7 % 6,025 0.6 % 13.88
20 JP Morgan Chase & Co. 27 101,988 0.2 % 5,818 0.5 % 57.05
705 18,904,056 30.4 % 256,347 23.8 % 13.56
21 DICK's Sporting Goods, Inc. (9) 15 332,305 0.5 % 5,400 0.5 % 16.25
22 CVS Health 14 218,744 0.3 % 5,095 0.5 % 23.29
23 Trader Joe's Company, Inc. 14 184,594 0.3 % 5,071 0.5 % 27.47
24 Chipotle Mexican Grill, Inc. 38 94,449 0.2 % 5,035 0.5 % 53.31
25 Bath & Body Works, Inc. 43 190,906 0.3 % 4,769 0.4 % 24.98
26 Harbor Freight Tools 21 371,512 0.6 % 4,662 0.4 % 12.55
27 Gap, Inc. (10) 15 235,103 0.4 % 4,645 0.4 % 19.76
28 ALDI 17 474,794 0.8 % 4,643 0.4 % 9.78
29 H-E-B Grocery Company, LP (11) 3 262,133 0.4 % 4,386 0.4 % 16.73
30 National Vision, Inc. 40 144,135 0.2 % 4,330 0.4 % 30.04
31 Hobby Lobby Stores, Inc. 10 564,887 0.9 % 4,320 0.4 % 7.65
32 Starbucks Corporation 38 73,293 0.1 % 4,255 0.4 % 58.05
33 JD Sports Fashion Plc (12) 31 194,928 0.3 % 4,212 0.4 % 21.61
34 Wells Fargo & Company (13) 17 73,304 0.1 % 4,069 0.4 % 55.51
35 Designer Brands, Inc. (DSW) 13 249,833 0.4 % 4,061 0.4 % 16.25
36 Nordstrom, Inc. 7 197,488 0.3 % 4,037 0.4 % 20.44
37 Bank of America, NA 25 86,966 0.1 % 3,982 0.4 % 45.79
38 Skechers U.S.A., Inc. 22 207,583 0.3 % 3,938 0.4 % 18.97
39 AMC Entertainment 4 200,955 0.3 % 3,863 0.4 % 19.22
40 Staples, Inc. (14) 13 263,861 0.4 % 3,737 0.3 % 14.16
TOTAL TOP 40 RETAILERS 1,105 23,525,829 37.6 % $ 344,857 32.1 % $ 14.66
(1) Includes only locations which are owned or guaranteed by the parent company. Excludes (5) Includes Tom Thumb-3, Vons-3, Acme-2, Jewel-Osco-2, Albertsons-1, El Rancho (sublease)-1, (10) Includes Old Navy-11, Gap Factory-3, and Athleta-1.
all franchise locations. Shop & Save Market-1, and Star Market-1. (11) Includes H-E-B-2 and Central Market-1.
(2) Includes T.J. Maxx-31, Marshalls-26, HomeGoods-20, Sierra-10, Marshalls/HomeGoods-4, (6) Includes LA Fitness-6, Esporta Fitness-3, City Sports Club-1, and XSport Fitness-1. (12) Includes America's Best Contacts & Eyeglasses-38 and Eyeglass World-2.
HomeSense-3, and T.J. Maxx/HomeGoods-2. (7) Includes Giant Food-5, Super Stop & Shop-4, Food Lion-2, ShopRite (sublease)-1, and (13) Includes Hibbett-17, DTLR-6, JD Sports-6, and Shoe Palace-2.
(3) Includes Kroger-29, King Soopers-5, Ralphs-3, Harris Teeter-2, Dillons-1, Food 4 Less-1, non-grocer (sublease)-1. (14) Includes Nordstrom Rack-7.
Pay Less-1, and Pick 'N Save-1. (8) Includes Barnes & Noble-16 and Paper Source-2.
(4) Includes Ross Dress for Less-48 and dd's Discounts-6. (9) Includes Foot Locker-5, Golf Galaxy-3, DICK'S Sporting Goods Warehouse Sale-2,
DICK'S Sporting Goods-2, WSS-2, and Kids Foot Locker-1.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 28
NEW & RENEWAL LEASE SUMMARY
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Tenant Improvements and Allowances PSF (1) Third-Party Leasing Commissions PSF Weighted Average Lease Term (years)
Comparable Only
Leases
GLA
New ABR
New ABR PSF
Leases
GLA
New ABR PSF
Old ABR PSF
Rent Spread
TOTAL - NEW, RENEWAL & OPTION LEASES
Three months ended 6/30/26 334 2,532,750 $ 50,350 $ 19.88 $ 3.82 $ 2.12 7.7 267 2,039,405 $ 19.50 $ 17.16 13.6 %
Three months ended 3/31/26 285 1,994,943 41,739 20.92 4.12 2.86 6.9 220 1,494,165 20.97 17.62 19.0 %
Three months ended 12/31/25 337 2,179,975 44,015 20.19 4.75 3.37 7.5 256 1,739,030 19.36 16.32 18.6 %
Three months ended 9/30/25 323 2,638,011 49,678 18.83 1.92 1.66 7.2 268 2,248,504 17.76 15.74 12.8 %
TOTAL - TWELVE MONTHS ENDED 6/30/26 1,279 9,345,679 $ 185,782 $ 19.88 $ 3.56 $ 2.44 7.3 1,011 7,521,104 $ 19.24 $ 16.63 15.7 %
NEW & RENEWAL LEASES ONLY
Three months ended 6/30/26 267 1,423,280 $ 32,639 $ 22.93 $ 6.79 $ 3.77 9.7 200 929,935 $ 23.72 $ 19.92 19.1 %
Three months ended 3/31/26 233 1,271,112 29,835 23.47 6.46 4.49 7.9 168 770,334 25.23 19.87 27.0 %
Three months ended 12/31/25 293 1,453,359 34,007 23.40 7.13 5.05 8.8 212 1,012,414 23.36 18.81 24.2 %
Three months ended 9/30/25 270 1,521,066 34,919 22.96 3.33 2.88 8.9 216 1,224,839 20.93 17.77 17.8 %
TOTAL - TWELVE MONTHS ENDED 6/30/26 1,063 5,668,817 $ 131,400 $ 23.18 $ 5.88 $ 4.02 8.8 796 3,937,522 $ 23.05 $ 18.96 21.6 %
NEW LEASES
Three months ended 6/30/26 112 633,541 $ 14,981 $ 23.65 $ 14.55 $ 8.16 10.5 46 190,521 $ 28.43 $ 21.65 31.3 %
Three months ended 3/31/26 108 672,792 15,925 23.67 11.36 8.43 9.9 44 197,882 30.26 21.34 41.8 %
Three months ended 12/31/25 158 933,708 21,583 23.12 10.06 7.79 10.6 77 492,763 22.79 16.92 34.7 %
Three months ended 9/30/25 97 613,286 15,856 25.85 6.56 7.12 11.9 43 317,059 20.73 15.89 30.5 %
TOTAL - TWELVE MONTHS ENDED 6/30/26 475 2,853,327 $ 68,345 $ 23.95 $ 10.61 $ 7.88 10.7 210 1,198,225 $ 24.37 $ 18.13 34.4 %
RENEWAL LEASES
Three months ended 6/30/26 155 789,739 $ 17,658 $ 22.36 $ 0.56 $ 0.25 9.0 154 739,414 $ 22.50 $ 19.48 15.5 %
Three months ended 3/31/26 125 598,320 13,910 23.25 0.96 0.06 5.7 124 572,452 23.49 19.37 21.3 %
Three months ended 12/31/25 135 519,651 12,424 23.91 1.86 0.14 5.6 135 519,651 23.91 20.59 16.1 %
Three months ended 9/30/25 173 907,780 19,063 21.00 1.15 0.02 6.8 173 907,780 21.00 18.42 14.0 %
TOTAL - TWELVE MONTHS ENDED 6/30/26 588 2,815,490 $ 63,055 $ 22.40 $ 1.08 $ 0.11 7.0 586 2,739,297 $ 22.48 $ 19.32 16.4 %
OPTION LEASES
Three months ended 6/30/26 67 1,109,470 $ 17,711 $ 15.96 $ — $ — 5.1 67 1,109,470 $ 15.96 $ 14.85 7.5 %
Three months ended 3/31/26 52 723,831 11,904 16.45 — — 5.0 52 723,831 16.45 15.21 8.2 %
Three months ended 12/31/25 44 726,616 10,008 13.77 — — 5.0 44 726,616 13.77 12.86 7.1 %
Three months ended 9/30/25 53 1,116,945 14,759 13.21 — — 5.1 52 1,023,665 13.96 13.33 4.7 %
TOTAL - TWELVE MONTHS ENDED 6/30/26 216 3,676,862 $ 54,382 $ 14.79 $ — $ — 5.0 215 3,583,582 $ 15.04 $ 14.09 6.7 %
LEASES BY ANCHOR AND SMALL SHOP Three Months Ended 6/30/26 Twelve Months Ended 6/30/26
% of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (2) % of Leases GLA % of GLA % of ABR New ABR PSF Rent Spread (2)
Anchor Leases (≥ 10,000 SF)
Total - New, Renewal & Option Leases 17 % 1,758,649 69 % 53 % $ 15.28 12.2 % 17 % 6,293,395 67 % 49 % $ 14.38 14.5 %
New & Renewal Leases Only 11 % 805,866 57 % 41 % 16.60 22.3 % 12 % 3,134,098 55 % 39 % 16.20 26.2 %
New Leases 13 % 351,591 55 % 40 % 17.16 31.5 % 14 % 1,670,803 59 % 43 % 17.41 47.3 %
Renewal Leases 10 % 454,275 58 % 42 % 16.17 19.8 % 10 % 1,463,295 52 % 34 % 14.81 15.7 %
Option Leases 42 % 952,783 86 % 76 % 14.16 6.9 % 42 % 3,159,297 86 % 73 % 12.57 6.3 %
Small Shop Leases (< 10,000 SF)
Total - New, Renewal & Option Leases 83 % 774,101 31 % 47 % $ 30.33 15.3 % 83 % 3,052,284 33 % 51 % $ 31.22 16.8 %
New & Renewal Leases Only 89 % 617,414 43 % 59 % 31.19 17.2 % 88 % 2,534,719 45 % 61 % 31.81 19.2 %
New Leases 88 % 281,950 45 % 60 % 31.73 31.2 % 86 % 1,182,524 41 % 57 % 33.19 26.0 %
Renewal Leases 90 % 335,464 42 % 58 % 30.75 13.1 % 90 % 1,352,195 48 % 66 % 30.60 16.7 %
Option Leases 58 % 156,687 14 % 24 % 26.95 9.3 % 58 % 517,565 14 % 27 % 28.35 8.2 %
(1) Excludes base building costs.
(2) Comparable leases only.
Excludes leases signed for terms of less than one year.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 29
NEW LEASE NET EFFECTIVE RENT & LEASES SIGNED BUT NOT YET COMMENCED
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
NEW LEASE NET EFFECTIVE RENT
Twelve Months Ended Three Months Ended
6/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
NEW LEASES
Weighted average over lease term:
Base rent $ 26.25 $ 26.75 $ 25.82 $ 25.06 $ 28.03 $ 24.49
Tenant improvements and allowances (1.17) (1.51) (1.22) (1.17) (0.78) (1.02)
Third-party leasing commissions (0.78) (0.77) (0.83) (0.80) (0.70) (0.70)
NET EFFECTIVE RENT BEFORE TENANT SPECIFIC LANDLORD WORK 24.30 24.47 23.77 23.09 26.55 22.77
Tenant specific landlord work (1) (2.27) (1.68) (2.75) (2.48) (2.02) (2.19)
NET EFFECTIVE RENT $ 22.03 $ 22.79 $ 21.02 $ 20.61 $ 24.53 $ 20.58
Net effective rent before tenant specific landlord work /
base rent 93% 91% 92% 92% 95% 93%
Net effective rent / base rent 84% 85% 81% 82% 88% 84%
Weighted average term (years) 10.7 10.5 9.9 10.6 11.9 9.8
PERCENT OF TOTAL NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
≥ 10,000 SF 41% 38% 34% 38% 55% 43%
< 10,000 SF 59% 62% 66% 62% 45% 57%
LEASES SIGNED BUT NOT YET COMMENCED (2) (3)
As of 6/30/2026 Leases GLA ABR ABR PSF
≥ 10,000 SF 80 2,159,941 $ 36,723 $ 17.00
< 10,000 SF 299 975,464 34,427 35.29
TOTAL 379 3,135,405 $ 71,150 $ 22.69
EXPECTED TIMING OF THE LEASES SIGNED BUT NOT YET COMMENCED
2026 (remaining) 2027 2028+ Total
Projected Lease Commencements $ 29,367 $ 36,791 $ 4,992 $ 71,150
(1) Represents base building costs funded through tenant allowances.
(2) Signed but not commenced population represents approximately 500 basis points of total portfolio GLA ($71.2M in ABR), 60 basis points ($7.8M in ABR) of which represents leases on space that will be vacated by existing tenants in the near term.
(3) Includes only new leases and expansions of existing leases.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
Reflects portfolio statistics as reported for the specified period.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 30
LEASE EXPIRATION SCHEDULE
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Contents
ASSUMES NO EXERCISE OF RENEWAL OPTIONS
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 189 598,219 1.0 % 1.0 % $ 18.02 $ 18.02 12 189,314 0.5 % 0.3 % $ 8.81 $ 8.81 177 408,905 2.2 % 1.6 % $ 22.28 $ 22.28
2026 311 1,561,694 2.6 % 2.2 % 15.24 15.24 34 853,612 2.1 % 1.5 % 9.07 9.07 277 708,082 3.7 % 2.9 % 22.67 22.67
2027 1,057 7,345,351 12.4 % 10.8 % 15.82 15.91 161 4,862,630 12.1 % 10.0 % 10.59 10.61 896 2,482,721 13.1 % 11.6 % 26.07 26.29
2028 1,091 6,580,412 11.1 % 11.5 % 18.76 19.11 157 4,166,504 10.3 % 10.3 % 12.71 12.77 934 2,413,908 12.7 % 12.6 % 29.20 30.05
2029 1,009 7,890,774 13.3 % 12.3 % 16.73 17.21 172 5,567,820 13.8 % 12.8 % 11.81 11.89 837 2,322,954 12.2 % 11.9 % 28.54 29.97
2030 943 7,652,647 12.9 % 12.1 % 16.95 17.58 182 5,374,265 13.3 % 12.6 % 12.07 12.21 761 2,278,382 12.0 % 11.6 % 28.46 30.24
2031 787 6,546,814 11.0 % 10.5 % 17.15 18.31 150 4,654,940 11.6 % 11.3 % 12.49 12.92 637 1,891,874 10.0 % 9.7 % 28.59 31.56
2032 477 3,953,707 6.7 % 6.6 % 17.88 19.79 94 2,765,893 6.9 % 6.9 % 12.82 13.84 383 1,187,814 6.3 % 6.3 % 29.66 33.64
2033 450 3,042,774 5.1 % 5.7 % 20.16 22.74 77 1,830,713 4.5 % 4.8 % 13.53 14.77 373 1,212,061 6.4 % 6.6 % 30.17 34.78
2034 436 3,671,291 6.2 % 6.4 % 18.79 21.33 85 2,563,764 6.4 % 6.6 % 13.32 14.50 351 1,107,527 5.8 % 6.2 % 31.46 37.14
2035 400 3,091,834 5.3 % 6.4 % 21.75 25.37 83 2,076,463 5.2 % 6.4 % 15.72 17.61 317 1,015,371 5.2 % 6.2 % 34.07 41.22
2036+ 752 7,344,626 12.4 % 14.5 % 21.18 25.39 192 5,376,581 13.3 % 16.5 % 15.71 18.16 560 1,968,045 10.4 % 12.8 % 36.12 45.16
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS (1)
TOTAL PORTFOLIO
SPACES ≥ 10,000 SF
SPACES < 10,000 SF
Number % of % of ABR PSF Number % of % of ABR PSF Number % of % of ABR PSF
of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at of Leased Leased In-Place In-place at
Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration Leases GLA GLA ABR ABR PSF Expiration
M-M 189 598,219 1.0 % 1.0 % $ 18.02 $ 18.02 12 189,314 0.5 % 0.3 % $ 8.81 $ 8.81 177 408,905 2.2 % 1.6 % $ 22.28 $ 22.28
2026 296 1,351,607 2.3 % 1.9 % 15.46 15.46 29 681,323 1.7 % 1.1 % 8.36 8.36 267 670,284 3.5 % 2.7 % 22.68 22.68
2027 774 3,299,136 5.6 % 5.9 % 18.83 19.00 67 1,554,191 3.9 % 3.2 % 10.58 10.62 707 1,744,945 9.2 % 8.2 % 26.18 26.45
2028 772 2,502,505 4.2 % 5.7 % 24.11 24.87 43 855,203 2.1 % 2.3 % 14.00 14.25 729 1,647,302 8.7 % 8.7 % 29.35 30.38
2029 638 2,101,960 3.5 % 4.7 % 24.19 25.52 27 607,381 1.5 % 1.7 % 14.44 15.06 611 1,494,579 7.9 % 7.5 % 28.15 29.77
2030 596 2,547,508 4.3 % 5.2 % 22.02 23.54 50 1,096,129 2.7 % 3.1 % 14.58 15.09 546 1,451,379 7.6 % 7.2 % 27.63 29.93
2031 491 2,215,044 3.7 % 4.2 % 20.46 22.72 35 1,053,764 2.6 % 2.4 % 11.70 12.34 456 1,161,280 6.1 % 5.9 % 28.40 32.13
2032 345 1,902,718 3.2 % 3.5 % 19.74 22.03 49 1,042,262 2.6 % 2.6 % 12.77 13.87 296 860,456 4.5 % 4.3 % 28.18 31.92
2033 335 2,015,177 3.5 % 3.6 % 19.38 21.93 56 1,186,392 2.9 % 2.9 % 12.61 13.71 279 828,785 4.4 % 4.3 % 29.07 33.69
2034 337 2,079,642 3.5 % 3.7 % 19.30 22.08 46 1,238,435 3.1 % 2.8 % 11.81 12.95 291 841,207 4.4 % 4.6 % 30.32 35.53
2035 361 2,629,475 4.4 % 4.7 % 19.26 22.04 68 1,779,064 4.4 % 4.5 % 13.09 14.22 293 850,411 4.5 % 4.9 % 32.16 38.40
2036+ 2,768 36,037,152 60.8 % 55.9 % 16.60 21.87 917 28,999,041 72.0 % 73.1 % 12.93 16.90 1,851 7,038,111 37.0 % 40.1 % 31.72 42.32
(1) ABR for leases whose future option rent is based on fair market value or on a percentage change in CPI is reported as the ABR for the last year of the current lease term.
ABR PSF includes the GLA of lessee-owned leasehold improvements.
LEASE RETENTION RATE AT NATURAL EXPIRATION
By Count By GLA
Twelve Months Ended 6/30/26 79.4% 86.7%
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 31
MAJOR CBSA DETAIL
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Dollars in thousands, except per square foot amounts
PROPERTIES BY LARGEST US CBSAs Percent of
Number of Percent Percent Number of Percent Percent
Largest US CBSAs by 2024 Population Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
Top 50 Largest US CBSAs by Population 240 43,162,123 90.4 % 94.6 % $ 771,842 $ 20.10 69.4 % 69.1 % 72.0 %
CBSAs Ranked 51 - 100 by Population 35 6,778,268 86.0 % 92.7 % 100,875 17.09 10.1 % 10.8 % 9.4 %
Other CBSAs 71 12,567,446 92.7 % 96.9 % 199,300 17.87 20.5 % 20.1 % 18.6 %
TOTAL 346 62,507,837 90.4 % 94.8 % $ 1,072,017 $ 19.33 100.0 % 100.0 % 100.0 %
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA Number of Percent Percent Number of Percent Percent
Largest CBSAs by ABR Rank Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9 21 3,984,058 93.2 % 98.1 % $ 81,297 $ 23.94 6.1 % 6.5 % 7.7 %
2 New York-Newark-Jersey City, NY-NJ 1 28 3,445,880 81.5 % 89.0 % 79,992 26.38 8.1 % 5.5 % 7.6 %
3 Houston-Pasadena-The Woodlands, TX 5 27 3,936,547 91.6 % 94.5 % 69,751 18.96 7.8 % 6.3 % 6.6 %
4 Chicago-Naperville-Elgin, IL-IN 3 15 3,859,127 86.1 % 91.1 % 57,946 16.95 4.3 % 6.2 % 5.5 %
5 Dallas-Fort Worth-Arlington, TX 4 13 2,729,008 91.5 % 96.6 % 57,335 23.15 3.8 % 4.4 % 5.4 %
6 Los Angeles-Long Beach-Anaheim, CA 2 11 1,894,229 91.4 % 98.5 % 47,349 27.63 3.2 % 3.0 % 4.4 %
7 Atlanta-Sandy Springs-Roswell, GA 8 20 2,945,602 93.0 % 96.8 % 43,962 16.12 5.8 % 4.7 % 4.1 %
8 Tampa-St. Petersburg-Clearwater, FL 17 12 2,240,534 90.9 % 92.0 % 34,614 17.90 3.5 % 3.6 % 3.2 %
9 Cincinnati, OH-KY-IN 30 6 1,611,415 97.8 % 98.7 % 23,914 19.93 1.7 % 2.6 % 2.2 %
10 Denver-Aurora-Centennial, CO 19 7 1,475,395 89.6 % 95.3 % 23,336 17.98 2.0 % 2.4 % 2.2 %
10 Largest CBSAs by ABR — 160 28,121,795 90.2 % 94.7 % 519,496 20.88 46.3 % 45.2 % 48.9 %
11 Naples-Marco Island, FL 136 5 1,067,602 94.3 % 99.8 % 23,249 22.17 1.3 % 1.7 % 2.2 %
12 Orlando-Kissimmee-Sanford, FL 20 5 805,864 87.5 % 93.5 % 21,857 29.09 1.3 % 1.3 % 2.0 %
13 Riverside-San Bernardino-Ontario, CA 12 5 962,914 96.0 % 97.6 % 21,577 28.89 1.3 % 1.5 % 2.0 %
14 Miami-Fort Lauderdale-West Palm Beach, FL 6 7 1,051,536 88.9 % 94.7 % 19,919 20.54 2.0 % 1.7 % 1.9 %
15 San Diego-Chula Vista-Carlsbad, CA 18 3 657,598 96.4 % 99.5 % 18,856 29.05 0.9 % 1.1 % 1.8 %
16 Ann Arbor, MI 150 4 933,492 94.6 % 98.1 % 17,399 19.21 1.1 % 1.5 % 1.6 %
17 Detroit-Warren-Dearborn, MI 14 6 1,273,049 96.3 % 97.6 % 16,933 15.04 1.7 % 2.0 % 1.6 %
18 Minneapolis-St. Paul-Bloomington, MN-WI 16 8 1,086,642 94.3 % 95.0 % 16,683 17.84 2.3 % 1.7 % 1.6 %
19 Charlotte-Concord-Gastonia, NC-SC 21 4 1,301,437 92.2 % 96.9 % 16,279 14.18 1.1 % 2.1 % 1.5 %
20 Hartford-West Hartford-East Hartford, CT 51 4 875,009 79.1 % 87.4 % 14,331 19.16 1.1 % 1.4 % 1.3 %
20 Largest CBSAs by ABR — 211 38,136,938 90.7 % 95.1 % 706,579 20.84 60.4 % 61.2 % 66.4 %
21 Boston-Cambridge-Newton, MA-NH 11 6 773,563 93.0 % 95.1 % 13,583 18.48 1.7 % 1.2 % 1.3 %
22 Port St. Lucie, FL 106 5 700,265 95.3 % 98.5 % 12,534 18.34 1.3 % 1.1 % 1.2 %
23 North Port-Bradenton-Sarasota, FL 62 5 745,713 97.0 % 98.7 % 12,132 16.64 1.3 % 1.2 % 1.1 %
24 Binghamton, NY 204 4 750,730 94.1 % 99.0 % 12,105 16.46 1.1 % 1.2 % 1.1 %
25 Vallejo, CA 120 1 519,266 93.1 % 97.7 % 12,063 23.98 0.3 % 0.8 % 1.1 %
26 Nashville-Davidson--Murfreesboro--Franklin, TN 34 4 771,283 89.2 % 97.8 % 11,623 15.47 1.1 % 1.2 % 1.1 %
27 Allentown-Bethlehem-Easton, PA-NJ 68 3 824,148 85.4 % 88.9 % 11,031 16.57 0.9 % 1.3 % 1.0 %
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 32
MAJOR CBSA DETAIL
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA
Number of
Percent
Percent
Number of
Percent
Percent
Largest CBSAs by ABR Rank
Properties
GLA
Billed
Leased
ABR
ABR PSF
Properties
of GLA
of ABR
28 San Francisco-Oakland-Fremont, CA 13 2 506,513 69.0 % 69.9 % 10,980 31.21 0.6 % 0.8 % 1.0 %
29 Memphis, TN-MS-AR 46 1 649,252 85.4 % 92.8 % 10,008 17.52 0.3 % 1.0 % 0.9 %
30 Indianapolis-Carmel-Greenwood, IN 33 2 709,560 90.3 % 93.0 % 8,822 13.63 0.6 % 1.1 % 0.8 %
31 Jacksonville, FL 39 3 700,569 84.4 % 87.2 % 8,680 15.07 0.9 % 1.1 % 0.8 %
32 Louisville/Jefferson County, KY-IN 44 4 697,417 93.1 % 98.3 % 8,462 12.67 1.1 % 1.1 % 0.8 %
33 College Station-Bryan, TX 176 3 460,313 96.1 % 98.8 % 8,397 31.17 0.9 % 0.7 % 0.8 %
34 Raleigh-Cary, NC 41 3 462,319 98.3 % 98.6 % 7,992 17.61 0.9 % 0.7 % 0.7 %
35 Worcester, MA 70 3 526,403 95.5 % 97.0 % 7,260 16.89 0.9 % 0.8 % 0.7 %
36 New Haven, CT 102 4 486,863 78.8 % 90.5 % 6,705 15.22 1.1 % 0.8 % 0.6 %
37 Scranton--Wilkes-Barre, PA 104 2 618,431 96.8 % 100.0 % 6,703 24.45 0.6 % 1.0 % 0.6 %
38 Milwaukee-Waukesha, WI 42 3 520,769 92.8 % 93.8 % 6,631 13.60 0.9 % 0.8 % 0.6 %
39 Greensboro-High Point, NC 79 1 407,244 96.2 % 100.0 % 6,599 16.20 0.3 % 0.7 % 0.6 %
40 Wilmington, NC 113 2 379,959 100.0 % 100.0 % 6,571 17.51 0.6 % 0.6 % 0.6 %
41 Oxnard-Thousand Oaks-Ventura, CA 76 2 316,299 85.8 % 97.7 % 6,274 21.12 0.6 % 0.5 % 0.6 %
42 Hilton Head Island-Bluffton-Port Royal, SC 205 3 321,481 81.6 % 97.0 % 6,215 19.92 0.9 % 0.5 % 0.6 %
43 Atlantic City-Hammonton, NJ 154 2 315,530 92.2 % 99.4 % 5,806 18.51 0.6 % 0.5 % 0.5 %
44 Kiryas Joel-Poughkeepsie-Newburgh, NY 86 3 401,205 77.2 % 90.5 % 5,772 17.20 0.9 % 0.6 % 0.5 %
45 Panama City-Panama City Beach, FL 212 3 500,336 98.9 % 99.1 % 5,629 11.49 0.9 % 0.8 % 0.5 %
46 Washington-Arlington-Alexandria, DC-VA-MD-WV 7 2 412,549 77.9 % 90.5 % 5,519 14.91 0.6 % 0.7 % 0.5 %
47 Spartanburg, SC 139 1 372,103 95.8 % 97.0 % 5,468 15.49 0.3 % 0.6 % 0.5 %
48 Cape Coral-Fort Myers, FL 73 1 281,822 97.3 % 98.6 % 5,259 19.42 0.3 % 0.5 % 0.5 %
49 Manchester-Nashua, NH 130 2 234,324 96.8 % 97.8 % 5,043 23.69 0.6 % 0.4 % 0.5 %
50 Dayton-Kettering-Beavercreek, OH 77 1 333,998 59.4 % 92.1 % 4,836 16.12 0.3 % 0.5 % 0.5 %
50 Largest CBSAs by ABR — 292 53,837,165 90.5 % 95.0 % 951,281 19.85 83.8 % 86.0 % 89.0 %
51 Boulder, CO 163 1 275,919 90.8 % 90.8 % 4,729 18.87 0.3 % 0.4 % 0.4 %
52 Greenville-Anderson-Greer, SC 56 2 220,723 100.0 % 100.0 % 4,595 21.31 0.6 % 0.4 % 0.4 %
53 Norwich-New London-Willimantic, CT 177 1 245,533 88.5 % 92.5 % 4,536 20.42 0.3 % 0.4 % 0.4 %
54 Sacramento-Roseville-Folsom, CA 27 1 102,766 94.3 % 100.0 % 4,245 41.31 0.3 % 0.2 % 0.4 %
55 Bakersfield-Delano, CA 64 1 240,068 100.0 % 100.0 % 4,166 17.66 0.3 % 0.4 % 0.4 %
56 Winston-Salem, NC 87 2 351,938 80.1 % 82.8 % 3,985 14.31 0.6 % 0.6 % 0.4 %
57 Cleveland, OH 35 2 221,051 99.4 % 99.4 % 3,937 18.33 0.6 % 0.4 % 0.4 %
58 Greenville, NC 253 1 233,153 99.4 % 99.4 % 3,737 16.12 0.3 % 0.4 % 0.3 %
59 Virginia Beach-Chesapeake-Norfolk, VA-NC 38 1 149,694 83.9 % 92.2 % 3,645 26.71 0.3 % 0.2 % 0.3 %
60 Springfield, MA 119 2 321,398 92.2 % 92.2 % 3,468 16.14 0.6 % 0.5 % 0.3 %
61 Pittsfield, MA 335 1 188,493 99.1 % 100.0 % 3,276 17.38 0.3 % 0.3 % 0.3 %
62 Fresno, CA 49 1 200,166 96.2 % 99.1 % 3,271 16.49 0.3 % 0.3 % 0.3 %
63 Richmond, VA 45 1 152,279 89.9 % 99.3 % 3,227 21.35 0.3 % 0.2 % 0.3 %
64 Columbus, OH 32 2 277,000 94.6 % 96.1 % 3,214 12.47 0.6 % 0.4 % 0.3 %
65 Concord, NH 285 1 196,545 74.4 % 83.5 % 3,139 20.39 0.3 % 0.3 % 0.3 %
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 33
MAJOR CBSA DETAIL
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
BRIXMOR LARGEST CBSAs BY ABR
Percent of
CBSA
Number of
Percent
Percent
Number of
Percent
Percent
Largest CBSAs by ABR Rank
Properties
GLA
Billed
Leased
ABR
ABR PSF
Properties
of GLA
of ABR
66 Savannah, GA 128 2 214,679 97.3 % 97.9 % 3,113 14.80 0.6 % 0.3 % 0.3 %
67 Roanoke, VA 167 2 311,149 99.3 % 99.3 % 3,015 12.05 0.6 % 0.5 % 0.3 %
68 Bridgeport-Stamford-Danbury, CT 60 1 180,507 83.3 % 94.1 % 3,005 19.98 0.3 % 0.3 % 0.3 %
69 Kansas City, MO-KS 31 2 286,525 94.9 % 95.9 % 2,865 10.43 0.6 % 0.5 % 0.3 %
70 Santa Maria-Santa Barbara, CA 124 1 166,696 100.0 % 100.0 % 2,559 15.35 0.3 % 0.3 % 0.2 %
71 Duluth, MN-WI 181 1 183,105 83.3 % 93.0 % 2,556 15.02 0.3 % 0.3 % 0.2 %
72 Tucson, AZ 53 1 165,350 100.0 % 100.0 % 2,436 14.73 0.3 % 0.3 % 0.2 %
73 Columbus, IN 439 1 143,740 96.9 % 100.0 % 2,428 16.89 0.3 % 0.2 % 0.2 %
74 Flint, MI 140 1 164,632 99.0 % 99.0 % 2,409 14.88 0.3 % 0.3 % 0.2 %
75 Trenton-Princeton, NJ 143 1 149,993 100.0 % 100.0 % 2,329 15.53 0.3 % 0.2 % 0.2 %
76 Manhattan, KS 321 1 214,898 84.2 % 94.4 % 2,299 18.80 0.3 % 0.3 % 0.2 %
77 Portland-South Portland, ME 103 1 287,459 89.5 % 96.8 % 2,273 20.71 0.3 % 0.5 % 0.2 %
78 Ithaca, NY 382 1 204,405 71.1 % 94.6 % 2,153 11.13 0.3 % 0.3 % 0.2 %
79 Toledo, OH 99 1 298,765 72.3 % 88.8 % 2,138 13.70 0.3 % 0.5 % 0.2 %
80 Austin-Round Rock-San Marcos, TX 25 1 170,605 89.5 % 89.5 % 2,114 13.84 0.3 % 0.3 % 0.2 %
81 Deltona-Daytona Beach-Ormond Beach, FL 84 1 184,379 74.8 % 89.2 % 2,101 12.77 0.3 % 0.3 % 0.2 %
82 Crestview-Fort Walton Beach-Destin, FL 171 1 158,118 98.4 % 98.4 % 2,076 13.34 0.3 % 0.3 % 0.2 %
83 Rutland, VT 552 1 223,314 91.9 % 91.9 % 2,037 9.93 0.3 % 0.4 % 0.2 %
84 Lexington Park, MD 230 1 92,335 94.6 % 100.0 % 2,024 21.92 0.3 % 0.1 % 0.2 %
85 Palm Bay-Melbourne-Titusville, FL 91 1 131,243 88.0 % 89.4 % 1,970 16.79 0.3 % 0.2 % 0.2 %
86 Charleston-North Charleston, SC 71 1 174,094 94.9 % 98.6 % 1,934 11.42 0.3 % 0.3 % 0.2 %
87 Murrells Inlet, SC 519 1 120,453 96.4 % 96.4 % 1,803 15.53 0.3 % 0.2 % 0.2 %
88 Corbin, KY 301 1 166,026 99.0 % 99.0 % 1,658 10.08 0.3 % 0.3 % 0.2 %
89 Lansing-East Lansing, MI 116 1 160,946 86.6 % 86.6 % 1,572 11.27 0.3 % 0.3 % 0.1 %
90 Lafayette-West Lafayette, IN 214 1 132,027 100.0 % 100.0 % 1,551 11.75 0.3 % 0.2 % 0.1 %
91 Corpus Christi, TX 122 1 84,667 95.3 % 100.0 % 1,491 17.61 0.3 % 0.1 % 0.1 %
92 Modesto, CA 107 1 87,124 75.1 % 100.0 % 1,462 17.27 0.3 % 0.1 % 0.1 %
93 St. Louis, MO-IL 23 1 137,408 69.6 % 71.2 % 1,424 15.05 0.3 % 0.2 % 0.1 %
94 Knoxville, TN 61 1 119,360 55.3 % 55.3 % 1,051 15.93 0.3 % 0.2 % 0.1 %
95 Parkersburg-Vienna, WV 433 1 75,344 100.0 % 100.0 % 884 11.73 0.3 % 0.1 % 0.1 %
96 Muskegon-Norton Shores, MI 260 1 104,600 46.2 % 46.2 % 836 17.31 0.3 % 0.2 % 0.1 %
TOTAL — 346 62,507,837 90.4 % 94.8 % $ 1,072,017 $ 19.33 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 34
PROPERTIES BY STATE
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Percent of
Number of Percent Percent Number of Percent Percent
State Properties GLA Billed Leased ABR ABR PSF Properties of GLA of ABR
1 Florida 49 8,567,981 91.5 % 94.8 % $ 150,020 $ 19.02 14.1 % 13.6 % 14.0 %
2 Texas 45 7,381,140 91.8 % 95.5 % 139,088 20.88 13.0 % 11.8 % 13.0 %
3 California 29 5,653,639 91.2 % 95.9 % 132,802 26.30 8.4 % 9.0 % 12.4 %
4 New York 28 3,668,459 84.2 % 93.7 % 81,976 24.36 8.0 % 5.9 % 7.6 %
5 Pennsylvania 21 4,236,098 91.8 % 96.3 % 75,874 22.95 6.0 % 6.8 % 7.1 %
6 Illinois 15 3,859,127 86.1 % 91.1 % 57,946 16.95 4.3 % 6.2 % 5.4 %
7 New Jersey 16 2,789,823 87.7 % 92.4 % 49,338 20.34 4.6 % 4.5 % 4.6 %
8 Georgia 22 3,160,281 93.3 % 96.8 % 47,075 16.02 6.4 % 5.0 % 4.4 %
9 North Carolina 13 3,136,050 93.7 % 96.6 % 45,163 15.60 3.8 % 5.0 % 4.2 %
10 Michigan 13 2,636,719 93.3 % 95.2 % 39,149 16.44 3.8 % 4.2 % 3.7 %
11 Connecticut 10 1,787,912 80.7 % 89.6 % 28,577 18.31 2.9 % 2.9 % 2.7 %
12 Ohio 11 2,062,590 87.4 % 95.6 % 28,234 17.76 3.2 % 3.3 % 2.6 %
13 Colorado 8 1,751,314 89.8 % 94.6 % 28,065 18.13 2.3 % 2.8 % 2.6 %
14 Massachusetts 11 1,659,593 94.2 % 95.4 % 25,836 18.18 3.2 % 2.7 % 2.4 %
15 Tennessee 6 1,539,895 85.0 % 92.4 % 22,682 16.34 1.7 % 2.5 % 2.1 %
16 South Carolina 8 1,208,854 92.7 % 97.7 % 20,015 17.17 2.3 % 1.9 % 1.9 %
17 Kentucky 6 1,543,082 96.2 % 99.0 % 19,925 14.53 1.7 % 2.5 % 1.9 %
18 Minnesota 9 1,269,747 92.7 % 94.7 % 19,239 17.40 2.6 % 2.0 % 1.8 %
19 Indiana 4 985,327 92.6 % 95.0 % 12,801 13.87 1.2 % 1.6 % 1.2 %
20 Virginia 5 746,029 90.7 % 94.6 % 11,000 17.04 1.4 % 1.2 % 1.0 %
21 New Hampshire 4 581,133 88.6 % 93.0 % 9,933 19.35 1.2 % 0.9 % 0.9 %
22 Wisconsin 3 520,769 92.8 % 93.8 % 6,631 13.60 0.9 % 0.8 % 0.6 %
23 Maryland 2 371,977 81.6 % 96.3 % 6,430 18.12 0.6 % 0.6 % 0.6 %
24 Missouri 3 423,933 86.7 % 87.9 % 4,289 11.61 0.9 % 0.7 % 0.4 %
25 Arizona 1 165,350 100.0 % 100.0 % 2,436 14.73 0.3 % 0.3 % 0.2 %
26 Kansas 1 214,898 84.2 % 94.4 % 2,299 18.80 0.3 % 0.3 % 0.2 %
27 Maine 1 287,459 89.5 % 96.8 % 2,273 20.71 0.3 % 0.5 % 0.2 %
28 Vermont 1 223,314 91.9 % 91.9 % 2,037 9.93 0.3 % 0.4 % 0.2 %
29 West Virginia 1 75,344 100.0 % 100.0 % 884 11.73 0.3 % 0.1 % 0.1 %
TOTAL 346 62,507,837 90.4 % 94.8 % $ 1,072,017 $ 19.33 100.0 % 100.0 % 100.0 %
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 35
PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
1 Northmall Centre Tucson AZ Tucson, AZ 1996 165,350 100.0 % $ 2,436 $ 14.73 Sam's Club* Ace Pickleball Club, Big 5 Sporting Goods, CareMore, Dollar Tree, Jumping Cholla —
2 Bakersfield Plaza Bakersfield CA Bakersfield-Delano, CA 1970 240,068 100.0 % 4,166 17.66 Lassens Natural Foods & Vitamins AMC, Burlington Stores, Five Below, In Shape Fitness, Kids Empire, Ross Dress for Less Hobby Lobby
3 Brea Gateway Brea CA Los Angeles-Long Beach-Anaheim, CA 1994 181,819 100.0 % 5,911 32.96 Ralphs (Kroger) Boot Barn, HomeGoods, World Market —
4 Carmen Plaza Camarillo CA Oxnard-Thousand Oaks-Ventura, CA 2000 128,369 95.2 % 3,333 28.85 Trader Joe's* CVS, Harbor Freight Tools —
5 Plaza Rio Vista Cathedral CA Riverside-San Bernardino-Ontario, CA 2005 75,415 98.3 % 1,660 25.01 Stater Bros. — —
6 Chino Spectrum Towne Center Chino CA Riverside-San Bernardino-Ontario, CA 2002 461,246 96.8 % 10,313 32.59 H Mart, Sam's Club*, Walmart Supercenter* Best Buy, BevMo, Big 5 Sporting Goods, DSW, Kohl's, Marshalls, Nordstrom Rack, Skechers, Tilly's, Ulta Beauty —
7 Cudahy Plaza Cudahy CA Los Angeles-Long Beach-Anaheim, CA 2021 123,200 100.0 % 3,224 26.17 Sprouts Farmers Market Burlington Stores, Chuze Fitness —
8 The Davis Collection Davis CA Sacramento-Roseville-Folsom, CA 2025 102,766 100.0 % 4,245 41.31 Trader Joe's Nordstrom Rack, PetSmart, Ulta Beauty —
9 Felicita Plaza Escondido CA San Diego-Chula Vista-Carlsbad, CA 2001 98,594 100.0 % 1,924 19.51 Vons (Albertsons) Chuze Fitness —
10 Felicita Town Center Escondido CA San Diego-Chula Vista-Carlsbad, CA 1987 124,370 97.4 % 3,582 29.57 Major Market, Trader Joe's FunBox —
11 Arbor Faire Fresno CA Fresno, CA 1995 200,166 99.1 % 3,271 16.49 Smart & Final Extra! (Chedraui USA) Boot Barn, PetSmart, The Home Depot DICK's Sporting Goods
12 Lompoc Center Lompoc CA Santa Maria-Santa Barbara, CA 1960 166,696 100.0 % 2,559 15.35 ALDI Boot Barn, Harbor Freight Tools, Marshalls, Michaels, Old Navy, Petco, Ulta Beauty —
13 Briggsmore Plaza Modesto CA Modesto, CA 1998 87,124 100.0 % 1,462 17.27 Grocery Outlet dd's Discounts (Ross), Ross Dress for Less In Shape Fitness
14 Montebello Plaza Montebello CA Los Angeles-Long Beach-Anaheim, CA 1974 278,631 96.3 % 6,379 24.06 Albertsons Best Buy, CVS, Kohl's, Optum Urgent Care, Ross Dress for Less —
15 California Oaks Center Murrieta CA Riverside-San Bernardino-Ontario, CA 1990 124,481 100.0 % 2,661 22.05 Barons Market Dollar Tree, UFC Gym —
16 Pacoima Center Pacoima CA Los Angeles-Long Beach-Anaheim, CA 1995 215,930 100.0 % 2,985 13.99 Food 4 Less (Kroger) AutoZone, Ross Dress for Less, Target —
17 Metro 580 Pleasanton CA San Francisco-Oakland-Fremont, CA 1996 177,573 14.2 % 694 27.48 — — Walmart
18 Rose Pavilion Pleasanton CA San Francisco-Oakland-Fremont, CA 2019 328,940 100.0 % 10,286 31.49 99 Ranch Market, Trader Joe's CVS, Fitness 19, Macy's Home Store, Restoration Hardware, Total Wine & More —
19 Puente Hills Town Center Rowland Heights CA Los Angeles-Long Beach-Anaheim, CA 2025 258,685 97.0 % 7,218 28.77 ALDI Dollar Tree, East West Bank, Goodwill, Marshalls/HomeGoods, Planet Fitness —
20 Ocean View Plaza San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1990 169,963 96.7 % 5,727 34.85 Ralphs (Kroger), Trader Joe's Crunch Fitness, CVS —
21 Plaza By The Sea San Clemente CA Los Angeles-Long Beach-Anaheim, CA 1976 48,697 100.0 % 1,497 30.74 Stater Bros. — —
22 Village at Mira Mesa San Diego CA San Diego-Chula Vista-Carlsbad, CA 2023 434,634 100.0 % 13,350 31.09 Sprouts Farmers Market, Vons (Albertsons) BevMo, Burlington Stores, Childtime Childcare, CVS, Marshalls, Michaels, Petco —
23 San Dimas Plaza San Dimas CA Los Angeles-Long Beach-Anaheim, CA 1986 163,433 97.4 % 4,413 27.73 Smart & Final Extra! (Chedraui USA) Harbor Freight Tools, T.J. Maxx Big 5 Sporting Goods, Burlington Stores
24 Bristol Plaza Santa Ana CA Los Angeles-Long Beach-Anaheim, CA 2003 111,403 100.0 % 4,165 38.15 Trader Joe's Petco, Ross Dress for Less, T.J. Maxx —
25 Gateway Plaza Santa Fe Springs CA Los Angeles-Long Beach-Anaheim, CA 2002 289,268 100.0 % 4,448 29.91 El Super (Chedraui USA), Walmart Supercenter Chuze Fitness, Five Below, Ross Dress for Less Target
26 Santa Paula Center Santa Paula CA Oxnard-Thousand Oaks-Ventura, CA 1995 187,930 99.4 % 2,941 16.20 Vons (Albertsons) Ace Hardware, Big 5 Sporting Goods, CVS, Dollar Tree, Planet Fitness, Regency Theaters —
27 Vail Ranch Center Temecula CA Riverside-San Bernardino-Ontario, CA 2024 201,682 96.5 % 4,325 30.00 Stater Bros. Burlington Stores, Dollar Tree, Five Below, Harbor Freight Tools, Kahoots —
28 Country Hills Shopping Center Torrance CA Los Angeles-Long Beach-Anaheim, CA 1977 53,200 97.7 % 1,382 26.60 Ralphs (Kroger) — —
29 Upland Town Square Upland CA Riverside-San Bernardino-Ontario, CA 1994 100,090 100.0 % 2,618 26.41 Sprouts Farmers Market — —
30 Gateway Plaza - Vallejo (2) Vallejo CA Vallejo, CA 2023 519,266 97.7 % 12,063 23.98 Costco* Boot Barn, Century Theatres, City Sports Club, DSW, Goodwill, Mancini's Sleepworld, Marshalls, Michaels, Petco, PetSmart, Ross Dress for Less, Sky Zone, Ulta Beauty Target
31 Arvada Plaza Arvada CO Denver-Aurora-Centennial, CO 1994 93,904 100.0 % 1,057 11.63 King Soopers (Kroger) Arc —
32 Arapahoe Crossings Aurora CO Denver-Aurora-Centennial, CO 1996 475,490 90.3 % 7,886 18.56 King Soopers (Kroger) 2nd & Charles, Ace Hardware, Ace Pickleball, Activate, AMC, Boot Barn, Burlington Stores, Goldfish Swim School, Hobby Lobby, Miniso, Planet Fitness —
33 Aurora Plaza Aurora CO Denver-Aurora-Centennial, CO 1996 178,013 100.0 % 2,457 14.29 King Soopers (Kroger) Chuze Fitness, Gen X —
34 Broomfield Town Centre Broomfield CO Denver-Aurora-Centennial, CO 1998 175,368 95.7 % 3,414 22.67 King Soopers (Kroger) Petco The Home Depot
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 36
PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
35 Villa Monaco Denver CO Denver-Aurora-Centennial, CO 1978 121,101 96.6 % 2,140 18.28 — Chuze Fitness —
36 Centennial Shopping Center Englewood CO Denver-Aurora-Centennial, CO 2013 113,830 100.0 % 1,452 39.76 King Soopers (Kroger) — —
37 Superior Marketplace Superior CO Boulder, CO 1997 275,919 90.8 % 4,729 18.87 Whole Foods Market (Amazon), Costco*, SuperTarget* Barnes & Noble, Boot Barn, Chuck E. Cheese, Goldfish Swim School, Michaels, PetSmart, T.J. Maxx, Ulta Beauty —
38 Westminster City Center Westminster CO Denver-Aurora-Centennial, CO 2024 317,689 96.2 % 4,930 16.13 Trader Joe's Barnes & Noble, Cavender's Boot City, David's Bridal, Dollar Tree, DSW, Golf Galaxy, Hyper Kidz, Petco, Ross Dress for Less, Sierra, The Tile Shop, Ulta Beauty —
39 The Shoppes at Fox Run Glastonbury CT Hartford-West Hartford-East Hartford, CT 1974 108,167 94.0 % 3,056 30.07 Whole Foods Market (Amazon) Petco —
40 Parkway Plaza Hamden CT New Haven, CT 2006 72,353 100.0 % 1,228 16.97 Price Rite Marketplace (Wakefern) — The Home Depot
41 The Manchester Collection (2) Manchester CT Hartford-West Hartford-East Hartford, CT 2001 310,649 86.4 % 3,420 13.59 Walmart Supercenter* Advance Auto Parts, Dollar Tree, DSW, Edge Fitness, Lava Island, Pickleball Kingdom, Savers —
42 The Plaza at Buckland Hills Manchester CT Hartford-West Hartford-East Hartford, CT 1987 306,299 100.0 % 6,265 20.45 Trader Joe's Burlington Stores, Dollar Tree, K&G Fashion, Marshalls, Michaels, Nordstrom Rack, PetSmart, Ross Dress for Less, Total Wine & More, Ulta Beauty —
43 Turnpike Plaza Newington CT Hartford-West Hartford-East Hartford, CT 2004 149,894 59.0 % 1,590 17.99 Price Chopper (Northeast Grocery) — —
44 North Haven Crossing North Haven CT New Haven, CT 1993 102,787 93.8 % 1,728 17.93 — Barnes & Noble, Dollar Tree, HomeGoods, PetSmart —
45 Colonial Commons - Orange Orange CT New Haven, CT 1996 133,786 79.3 % 1,065 10.04 Big Y — —
46 Stratford Square Stratford CT Bridgeport-Stamford-Danbury, CT 1984 180,507 94.1 % 3,005 19.98 ALDI Esporta Fitness, Five Below, Marshalls —
47 Waterbury Plaza Waterbury CT New Haven, CT 2000 177,937 93.1 % 2,684 16.20 Super Stop & Shop (Ahold Delhaize) Dollar Tree, Joey'z Shopping Spree Target
48 Waterford Commons Waterford CT Norwich-New London-Willimantic, CT 2004 245,533 92.5 % 4,536 20.42 — Books-A-Million, DICK'S Sporting Goods, DSW, Michaels, Tractor Supply Co., Ulta Beauty Best Buy, Raymour & Flanigan
49 Center of Bonita Springs Bonita Springs FL Cape Coral-Fort Myers, FL 2014 281,822 98.6 % 5,259 19.42 Publix bealls, Burlington Stores, Gold's Gym, Kohl's, NewSouth Window Solutions —
50 Coastal Way - Coastal Landing (2) Brooksville FL Tampa-St. Petersburg-Clearwater, FL 2008 393,249 100.0 % 6,751 20.12 BJ's Wholesale Club, Sprouts Farmers Market Belk, Burlington Stores, HomeGoods, Marshalls, Michaels, Petco, Ulta Beauty —
51 Clearwater Mall Clearwater FL Tampa-St. Petersburg-Clearwater, FL 1973 300,729 98.9 % 8,136 27.36 Costco*, SuperTarget* Burlington Stores, Dollar Tree, Five Below, Golf Galaxy, Michaels, PetSmart, Ross Dress for Less, Ulta Beauty Lowe's
52 Coconut Creek Plaza Coconut Creek FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 263,646 92.7 % 4,518 18.64 Publix Burlington Stores, Harvest Church, Off the Wall Trampoline, Planet Fitness, Sanitas Medical Center —
53 Century Plaza Shopping Center Deerfield Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2006 90,483 86.2 % 2,127 27.26 — Broward County Library, CVS —
54 Northgate Shopping Center DeLand FL Deltona-Daytona Beach-Ormond Beach, FL 1993 184,379 89.2 % 2,101 12.77 Publix Marshalls, Planet Fitness, Tractor Supply Co. —
55 Sun Plaza Fort Walton Beach FL Crestview-Fort Walton Beach-Destin, FL 2004 158,118 98.4 % 2,076 13.34 Publix, ALDI* bealls, Books-A-Million, Office Depot, T.J. Maxx —
56 Normandy Square Jacksonville FL Jacksonville, FL 1996 89,822 100.0 % 972 11.14 Winn-Dixie (The Winn-Dixie Company) Ace Hardware, Family Dollar —
57 Regency Park Shopping Center Jacksonville FL Jacksonville, FL 1985 334,647 80.8 % 3,252 13.35 NetCost Market bealls, Crunch Fitness, Dollar Tree, Ollie's Bargain Outlet, Surplus Warehouse —
58 Ventura Downs Kissimmee FL Orlando-Kissimmee-Sanford, FL 2018 98,191 100.0 % 2,246 22.87 — Esporta Fitness, La Familia Pawn & Jewelry —
59 Marketplace at Wycliffe Lake Worth FL Miami-Fort Lauderdale-West Palm Beach, FL 2002 135,820 100.0 % 3,028 22.68 Walmart Neighborhood Market Walgreens —
60 Venetian Isle Shopping Ctr Lighthouse Point FL Miami-Fort Lauderdale-West Palm Beach, FL 1992 185,675 95.0 % 2,099 12.08 Publix Dollar Tree, Staples —
61 Marco Town Center Marco Island FL Naples-Marco Island, FL 2023 109,545 98.8 % 3,420 31.59 Publix — —
62 Shops at Palm Lakes Miami FL Miami-Fort Lauderdale-West Palm Beach, FL 2023 231,536 100.0 % 5,345 25.23 Fresco y Más dd's Discounts (Ross), LA Fitness, Ross Dress for Less —
63 Freedom Square Naples FL Naples-Marco Island, FL 2021 193,242 99.5 % 2,872 14.94 Publix Burlington Stores, HomeGoods, Planet Fitness —
64 Granada Shoppes Naples FL Naples-Marco Island, FL 2011 306,579 100.0 % 6,586 21.48 Trader Joe's Chuck E. Cheese, Connors Steak and Seafood, Dollar Tree, Haverty's Furniture, Hobby Lobby, HomeSense, Marshalls —
65 Naples Plaza Naples FL Naples-Marco Island, FL 2013 201,795 100.0 % 4,551 22.94 Publix Marshalls, Office Depot, PGA TOUR Superstore —
66 Park Shore Plaza Naples FL Naples-Marco Island, FL 2017 256,441 100.0 % 5,820 23.95 The Fresh Market Barnes & Noble, Burlington Stores, Dollar Tree, HomeGoods, Sierra, T.J. Maxx —
67 Chelsea Place New Port Richey FL Tampa-St. Petersburg-Clearwater, FL 1992 81,144 91.1 % 1,064 14.39 Publix — —
68 Colonial Marketplace Orlando FL Orlando-Kissimmee-Sanford, FL 1986 134,071 77.5 % 2,665 25.65 — LA Fitness, Sierra Target
69 Conway Crossing Orlando FL Orlando-Kissimmee-Sanford, FL 2002 76,321 96.0 % 1,219 16.63 Publix — —
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
70 Hunter's Creek Plaza Orlando FL Orlando-Kissimmee-Sanford, FL 1998 74,583 100.0 % 1,467 20.18 Seabra Foods Office Depot —
71 Pointe Orlando (3) Orlando FL Orlando-Kissimmee-Sanford, FL 2026 422,698 95.4 % 14,260 35.37 — Activate, Capital Grille, Cuba Libre, Dick's Last Resort, FunnyBone, Hampton Social, Main Event, Maggiano's Little Italy, Monkey Joe's, Museum of Ice Cream, Regal Cinemas, Rodizio Grill, Sports & Social, Wonderworks —
72 Martin Downs Town Center Palm City FL Port St. Lucie, FL 1996 64,546 100.0 % 881 13.65 Publix — —
73 Martin Downs Village Center (2) Palm City FL Port St. Lucie, FL 1987 167,145 98.2 % 3,912 24.80 — Goodwill, Walgreens —
74 23rd Street Station Panama City FL Panama City-Panama City Beach, FL 1995 98,827 98.7 % 1,626 16.67 Publix — —
75 Panama City Square Panama City FL Panama City-Panama City Beach, FL 1989 304,665 99.5 % 2,913 9.81 Walmart Supercenter Harbor Freight Tools, HomeGoods, T.J.Maxx —
76 Stanford Station Panama City FL Panama City-Panama City Beach, FL 1986 96,844 98.6 % 1,090 11.42 — Academy Sports + Outdoors —
77 East Port Plaza Port St. Lucie FL Port St. Lucie, FL 2024 222,142 99.7 % 3,838 17.32 Publix Fortis Institute, Goodwill, Urban Air Adventure Park, Walgreens —
78 Shoppes of Victoria Square Port St. Lucie FL Port St. Lucie, FL 1990 95,186 97.5 % 1,462 15.76 ALDI — —
79 Lake St. Charles Riverview FL Tampa-St. Petersburg-Clearwater, FL 1999 61,015 100.0 % 820 14.38 Winn-Dixie (The Winn-Dixie Company) — —
80 Cobblestone Village Royal Palm Beach FL Miami-Fort Lauderdale-West Palm Beach, FL 2005 39,404 93.9 % 949 25.65 SuperTarget* — —
81 Beneva Village Shoppes Sarasota FL North Port-Bradenton-Sarasota, FL 2020 144,078 100.0 % 3,082 21.39 Publix Archwell Health, Fitness Premier, Harbor Freight Tools —
82 Sarasota Village Sarasota FL North Port-Bradenton-Sarasota, FL 1972 173,654 98.7 % 2,522 15.08 Publix Crunch Fitness, HomeGoods, Ross Dress For Less —
83 Atlantic Plaza Satellite Beach FL Palm Bay-Melbourne-Titusville, FL 2008 131,243 89.4 % 1,970 16.79 Publix Home Centric, Planet Fitness —
84 Seminole Plaza Seminole FL Tampa-St. Petersburg-Clearwater, FL 2020 156,718 100.0 % 2,313 14.76 Sprouts Farmers Market bealls, Burlington Stores, T.J. Maxx —
85 Cobblestone Village St. Augustine FL Jacksonville, FL 2003 276,100 90.9 % 4,456 18.17 Publix Bealls Florida, Burlington Stores, Michaels, Petco —
86 Dolphin Village St. Pete Beach FL Tampa-St. Petersburg-Clearwater, FL 1990 134,196 79.7 % 2,200 21.01 Publix CVS —
87 Rutland Plaza St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2002 149,562 98.8 % 1,348 9.12 ALDI bealls —
88 Tyrone Gardens St. Petersburg FL Tampa-St. Petersburg-Clearwater, FL 2023 175,065 81.5 % 2,463 17.38 Winn-Dixie (The Winn-Dixie Company) Chuck E. Cheese, Crunch Fitness —
89 Downtown Publix Stuart FL Port St. Lucie, FL 2000 151,246 96.9 % 2,441 16.65 Publix Relive Health —
90 Sunrise Town Center (3) Sunrise FL Miami-Fort Lauderdale-West Palm Beach, FL 2026 104,972 88.7 % 1,853 19.90 Patel Brothers, Publix Dollar Tree Walmart
91 Britton Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1958 465,639 81.1 % 3,497 11.10 Publix Burlington Stores, Conviva Care Center, Dollar Tree, Marshalls, Michaels, Pet Supermarket —
92 Carrollwood Center Tampa FL Tampa-St. Petersburg-Clearwater, FL 2002 92,678 93.4 % 1,930 22.29 Publix Phenix Salon Suites —
93 Ross Plaza Tampa FL Tampa-St. Petersburg-Clearwater, FL 1996 84,707 98.5 % 1,537 18.43 — Dollar Tree, Ross Dress for Less —
94 Shoppes at Tarpon Tarpon Springs FL Tampa-St. Petersburg-Clearwater, FL 2003 145,832 91.6 % 2,555 19.14 Publix Petco, T.J. Maxx —
95 Venice Plaza Venice FL North Port-Bradenton-Sarasota, FL 1999 140,345 97.6 % 1,216 8.88 ALDI T.J. Maxx/HomeGoods —
96 Venice Shopping Center Venice FL North Port-Bradenton-Sarasota, FL 2000 109,801 100.0 % 1,097 9.99 Publix — —
97 Venice Village Venice FL North Port-Bradenton-Sarasota, FL 2022 177,835 97.5 % 4,215 24.65 Publix Gifts and More at The Paper Store, Planet Fitness —
98 Mansell Crossing Alpharetta GA Atlanta-Sandy Springs-Roswell, GA 1993 291,622 98.9 % 4,505 21.22 — Barnes & Noble, Cooper's Hawk Winery & Restaurant, DSW, Macy's Furniture Gallery, REI, T.J. Maxx Burlington Stores, HomeGoods, Michaels, Ross Dress for Less, Studio Movie Grill
99 Northeast Plaza Atlanta GA Atlanta-Sandy Springs-Roswell, GA 1952 425,582 96.2 % 6,601 16.51 City Farmers Market Burlington Stores, dd's Discounts (Ross), Dollar General, Dollar Tree, Goodwill, NCG Cinemas, Octapharma —
100 Sweetwater Village Austell GA Atlanta-Sandy Springs-Roswell, GA 1985 66,197 96.0 % 605 9.52 Food Depot Dollar Tree —
101 Vineyards at Chateau Elan Braselton GA Atlanta-Sandy Springs-Roswell, GA 2002 79,504 96.6 % 1,875 24.41 Sprouts Farmers Market Ross Dress for Less —
102 Salem Road Station Covington GA Atlanta-Sandy Springs-Roswell, GA 2000 67,270 100.0 % 895 13.30 Publix — —
103 Keith Bridge Commons Cumming GA Atlanta-Sandy Springs-Roswell, GA 2002 94,886 98.8 % 1,500 16.00 Kroger — —
104 Cosby Station Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1994 77,811 90.1 % 839 11.97 Publix — —
105 Park Plaza Douglasville GA Atlanta-Sandy Springs-Roswell, GA 1986 46,670 81.1 % 810 21.49 Kroger* — —
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
106 Banks Station Fayetteville GA Atlanta-Sandy Springs-Roswell, GA 2006 178,871 91.9 % 1,658 11.71 Food Depot Staples —
107 Barrett Place Kennesaw GA Atlanta-Sandy Springs-Roswell, GA 1992 218,693 100.0 % 3,153 14.80 ALDI Best Buy, Michaels, Nordstrom Rack, PetSmart —
108 Shops of Huntcrest Lawrenceville GA Atlanta-Sandy Springs-Roswell, GA 2003 97,040 98.8 % 1,527 15.93 Publix — —
109 Mableton Walk Mableton GA Atlanta-Sandy Springs-Roswell, GA 1994 105,884 89.8 % 1,591 16.73 Publix — —
110 The Village at Mableton Mableton GA Atlanta-Sandy Springs-Roswell, GA 2023 221,201 95.5 % 2,600 12.31 — Burlington Stores, DashMart, dd's Discounts (Ross), Dollar Tree, Five Below, Michaels, Ollie's Bargain Outlet, Planet Fitness, Ross Dress for Less —
111 Eastlake Plaza Marietta GA Atlanta-Sandy Springs-Roswell, GA 1982 56,176 100.0 % 1,081 19.66 — Crunch Fitness —
112 New Chastain Corners Marietta GA Atlanta-Sandy Springs-Roswell, GA 2004 115,304 97.7 % 1,558 14.73 Kroger — —
113 Pavilions at Eastlake Marietta GA Atlanta-Sandy Springs-Roswell, GA 1996 144,351 94.9 % 2,337 17.06 Kroger — —
114 ConneXion Roswell GA Atlanta-Sandy Springs-Roswell, GA 2016 105,791 100.0 % 2,382 22.52 — Planet Fitness —
115 Holcomb Bridge Crossing Roswell GA Atlanta-Sandy Springs-Roswell, GA 1988 93,420 100.0 % 1,137 12.17 — PGA TOUR Superstore —
116 Kings Market Roswell GA Atlanta-Sandy Springs-Roswell, GA 2005 275,144 97.6 % 3,727 13.88 Publix Ace Pickleball Club, Frontgate, Sky Zone —
117 Victory Square Savannah GA Savannah, GA 2007 113,217 98.6 % 1,891 16.94 SuperTarget* Citi Trends, Dollar Tree, NCG Cinemas, Staples The Home Depot
118 Stockbridge Village Stockbridge GA Atlanta-Sandy Springs-Roswell, GA 2008 184,185 100.0 % 3,581 19.44 Kroger DaVita Dialysis —
119 Wilmington Island Wilmington Island GA Savannah, GA 1985 101,462 97.2 % 1,222 12.39 Kroger — —
120 Annex of Arlington Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 1999 199,663 95.8 % 4,239 22.17 Trader Joe's Binny's Beverage Depot, Chuck E. Cheese, Dollar Tree, Kirkland's, Petco, Ulta Beauty —
121 Ridge Plaza Arlington Heights IL Chicago-Naperville-Elgin, IL-IN 2000 151,643 72.0 % 1,974 18.07 Swadeshi Harbor Freight Tools, Slick City Kohl's
122 Southfield Plaza Bridgeview IL Chicago-Naperville-Elgin, IL-IN 2006 196,445 99.0 % 2,553 13.13 Shop & Save Market (Albertsons) Hobby Lobby, Octapharma, Planet Fitness, Walgreens —
123 Commons of Chicago Ridge Chicago Ridge IL Chicago-Naperville-Elgin, IL-IN 1998 212,212 97.1 % 3,135 17.16 — Discovery Clothing, Dollar Tree, KPot Korean BBQ & Hot Pot, Marshalls, Pep Boys, Ross Dress for Less, Shoe Carnival, XSport Fitness The Home Depot
124 Rivercrest Shopping Center Crestwood IL Chicago-Naperville-Elgin, IL-IN 1992 537,964 93.0 % 5,965 12.65 Tony's Fresh Market (Heritage Grocers) AMC, Burlington Stores, Dollar Tree, Hollywood Park, National Tire & Battery, OfficeMax, PetSmart, Planet Fitness, Ross Dress for Less, Skechers —
125 The Commons of Crystal Lake Crystal Lake IL Chicago-Naperville-Elgin, IL-IN 1987 273,060 85.7 % 3,074 13.13 Jewel-Osco (Albertsons) D-BAT, Harbor Freight Tools, VASA Fitness Hobby Lobby
126 Elmhurst Crossing Elmhurst IL Chicago-Naperville-Elgin, IL-IN 2005 347,503 100.0 % 5,256 15.13 Whole Foods Market (Amazon) At Home, Five Below, Kohl's, Petco, Shoe Carnival —
127 The Quentin Collection Kildeer IL Chicago-Naperville-Elgin, IL-IN 2006 171,530 82.3 % 1,908 13.52 — Bear Paddle Swim School, Lava Island —
128 Butterfield Square Libertyville IL Chicago-Naperville-Elgin, IL-IN 1997 106,683 84.5 % 1,455 16.14 Sunset Foods — —
129 High Point Centre Lombard IL Chicago-Naperville-Elgin, IL-IN 2019 240,345 70.1 % 2,616 15.54 — Altitude Trampoline Park, LA Fitness —
130 Long Meadow Commons Mundelein IL Chicago-Naperville-Elgin, IL-IN 1997 118,281 93.8 % 1,837 17.48 Jewel-Osco (Albertsons) Planet Fitness —
131 Westridge Court / Block 59 (2) (3) Naperville IL Chicago-Naperville-Elgin, IL-IN 2026 569,671 91.9 % 12,594 25.64 — Discovery Clothing, Edge Fitness, Five Below, La-Z-Boy Furniture, L.L.Bean, Momentum Climbing Gym, Star Cinema Grille, Ulta Beauty, Walter E. Smithe, Wayfair Outlet, World Market —
132 North Riverside Plaza North Riverside IL Chicago-Naperville-Elgin, IL-IN 2007 385,275 95.1 % 4,762 12.99 — Best Buy, Burlington Stores, Kohl's, Michaels, Petco, Ulta Beauty —
133 Ravinia Plaza Orland Park IL Chicago-Naperville-Elgin, IL-IN 1990 102,289 100.0 % 2,525 24.68 Whole Foods Market (Amazon) Skechers —
134 Tinley Park Plaza (3) Tinley Park IL Chicago-Naperville-Elgin, IL-IN 2026 246,563 92.7 % 4,053 18.11 — Burlington Stores, Dollar Tree, Planet Fitness, Ross Dress for Less, The Tile Shop —
135 Meridian Village Carmel IN Indianapolis-Carmel-Greenwood, IN 1990 130,431 100.0 % 1,564 11.99 — Ollie's Bargain Outlet —
136 Columbus Center Columbus IN Columbus, IN 1964 143,740 100.0 % 2,428 16.89 — Burlington Stores, Five Below, HomeGoods, T.J. Maxx Target
137 Speedway Super Center Speedway IN Indianapolis-Carmel-Greenwood, IN 2022 579,129 91.4 % 7,258 14.04 Kroger Aaron's, Burlington Stores, Dollar Tree, Empire Beauty School, Harbor Freight Tools, HealthNet, Indiana Bureau of Motor Vehicles, Kohl's, Mattress Firm, Oak Street Health, Petco, pOpshelf, Ross Dress for Less, T.J. Maxx —
138 Sagamore Park Centre West Lafayette IN Lafayette-West Lafayette, IN 2018 132,027 100.0 % 1,551 11.75 Pay Less (Kroger) — —
139 West Loop Shopping Center Manhattan KS Manhattan, KS 2013 214,898 94.4 % 2,299 18.80 Dillons (Kroger) Marshalls, Sierra —
Supplemental Disclosure - Three Months Ended June 30, 2026
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
140 Florence Plaza - Florence Square (2) Florence KY Cincinnati, OH-KY-IN 2014 679,639 99.8 % 9,805 18.20 Kroger Aaron's, Barnes & Noble, Bob's Discount Furniture, Boot Barn, Burlington Stores, Chuck E. Cheese, Five Below, Harbor Freight Tools, Hobby Lobby, HomeGoods, KPot Korean BBQ & Hot Pot, Old Navy, Ollie's Bargain Outlet, Ross Dress for Less, Shoe Carnival, Sierra, Staples, T.J. Maxx, Ulta Beauty —
141 Jeffersontown Commons Jeffersontown KY Louisville/Jefferson County, KY-IN 1959 205,888 98.6 % 2,082 10.79 — Ace Pickleball Club, CVS, Dollar Tree, Tractor Supply Co. —
142 London Marketplace London KY Corbin, KY 1994 166,026 99.0 % 1,658 10.08 Kroger bealls, Kohl's, Marshalls, Planet Fitness —
143 Eastgate Shopping Center Louisville KY Louisville/Jefferson County, KY-IN 2002 174,842 98.6 % 2,265 13.14 Kroger Petco —
144 Plainview Village Louisville KY Louisville/Jefferson County, KY-IN 1997 157,747 96.1 % 1,944 13.50 Kroger Anytime Fitness —
145 Stony Brook I & II Louisville KY Louisville/Jefferson County, KY-IN 1988 158,940 100.0 % 2,171 13.66 Kroger Marketplace — —
146 Acton Plaza Acton MA Boston-Cambridge-Newton, MA-NH 1972 137,572 97.8 % 2,797 20.78 Roche Bros T.J. Maxx/HomeGoods —
147 Points West Plaza Brockton MA Boston-Cambridge-Newton, MA-NH 1960 140,488 95.3 % 1,273 9.51 America's Food Basket Citi Trends, Crunch Fitness —
148 Burlington Square I, II & III Burlington MA Boston-Cambridge-Newton, MA-NH 2025 79,458 80.9 % 2,759 42.94 — Staples Duluth Trading Co.
149 Holyoke Shopping Center Holyoke MA Springfield, MA 2000 195,995 89.5 % 1,757 15.05 Super Stop & Shop (Ahold Delhaize) Ocean State Job Lot —
150 WaterTower Plaza Leominster MA Worcester, MA 2025 295,840 99.0 % 4,386 15.24 — Barnes & Noble, Five Below, Michaels, Ocean State Job Lot, Petco, Staples, T.J. Maxx, The Paper Store —
151 Lunenburg Crossing Lunenburg MA Worcester, MA 1994 25,515 58.8 % 216 14.40 Hannaford Bros.* — Walmart
152 Lynn Marketplace Lynn MA Boston-Cambridge-Newton, MA-NH 1968 83,025 100.0 % 2,064 24.86 Stop And Compare Crunch Fitness —
153 Webster Square Marshfield MA Boston-Cambridge-Newton, MA-NH 2005 182,756 94.3 % 2,939 17.04 Star Market (Albertsons) Marshalls/HomeGoods, Ocean State Job Lot —
154 Berkshire Crossing Pittsfield MA Pittsfield, MA 1994 188,493 100.0 % 3,276 17.38 Market 32 (Northeast Grocery) Barnes & Noble, Burlington Stores, Michaels, Ulta Beauty The Home Depot, Walmart
155 Westgate Plaza Westfield MA Springfield, MA 1996 125,403 96.4 % 1,711 17.44 ALDI Ocean State Job Lot, PetSmart, T.J. Maxx —
156 Perkins Farm Marketplace Worcester MA Worcester, MA 1967 205,048 98.8 % 2,658 20.92 Super Stop & Shop (Ahold Delhaize) Citi Trends, Crunch Fitness, Ollie's Bargain Outlet —
157 South Plaza Shopping Center California MD Lexington Park, MD 2005 92,335 100.0 % 2,024 21.92 — Best Buy, Old Navy, Petco, Ross Dress for Less —
158 Fox Run Prince Frederick MD Washington-Arlington-Alexandria, DC-VA-MD-WV 2022 279,642 95.1 % 4,406 16.79 Giant Food (Ahold Delhaize) Ocean State Job Lot, Planet Fitness, Ross Dress for Less, Ulta Beauty —
159 Pine Tree Shopping Center Portland ME Portland-South Portland, ME 1958 287,459 96.8 % 2,273 20.71 ALDI Crunch Fitness, Dollar Tree, Lowe's, O'Reilly Auto Parts —
160 Arborland Center Ann Arbor MI Ann Arbor, MI 2000 403,515 100.0 % 7,925 19.91 Kroger Boot Barn, DSW, HomeGoods, Marshalls, Michaels, Nordstrom Rack, OfficeMax, Old Navy, Petco, Ross Dress for Less, Skechers, Ulta Beauty —
161 Huron Village Ann Arbor MI Ann Arbor, MI 2003 118,482 99.1 % 3,061 27.16 Whole Foods Market (Amazon) Barnes & Noble, Walgreens —
162 Maple Village Ann Arbor MI Ann Arbor, MI 2020 288,733 95.6 % 5,210 18.87 Plum Market Burlington Stores, Dunham's Sports, HomeGoods, LA Fitness, Sierra, Ulta Beauty —
163 Grand Crossing Brighton MI Detroit-Warren-Dearborn, MI 2005 85,389 92.8 % 1,057 13.34 Busch’s Fresh Food Market Ace Hardware —
164 Silver Pointe Shopping Center (2) Fenton MI Flint, MI 1996 164,632 99.0 % 2,409 14.88 VG's Grocery (C&S Wholesale Grocers, LLC) Dunham's Sports Five Below, Michaels, Old Navy, T.J. Maxx
165 Delta Center Lansing MI Lansing-East Lansing, MI 1985 160,946 86.6 % 1,572 11.27 — Dollar Tree, DXL Destination XL, Funcity Adventure Park, Planet Fitness —
166 Lakes Crossing Muskegon MI Muskegon-Norton Shores, MI 2008 104,600 46.2 % 836 17.31 — Shoe Carnival, Ulta Beauty —
167 Redford Plaza Redford MI Detroit-Warren-Dearborn, MI 1992 299,467 98.2 % 3,852 13.27 Sun Valley Supermarket Aaron's, Burlington Stores, Citi Trends, Dollar Tree, Harbor Freight Tools, Octapharma, Ross Dress for less —
168 Hampton Village Centre Rochester Hills MI Detroit-Warren-Dearborn, MI 2004 470,768 96.7 % 7,505 21.88 — Barnes & Noble, DSW, Emagine Theatre, Harbor Freight Tools, Kohl's, Old Navy, Petco, T.J. Maxx, Ulta Beauty Target
169 Southfield Plaza Southfield MI Detroit-Warren-Dearborn, MI 1970 101,781 100.0 % 1,271 12.49 ALDI* Citi Trends, Planet Fitness Burlington Stores, Forman Mills
170 Delco Plaza Sterling Heights MI Detroit-Warren-Dearborn, MI 1996 155,553 100.0 % 1,308 8.45 — Dunham's Sports, Tractor Supply Co., Urban Air Adventure Park —
171 West Ridge Westland MI Detroit-Warren-Dearborn, MI 1989 160,091 97.9 % 1,940 12.37 — Crunch Fitness, Petco, Rally House, Ross Dress for Less Burlington Stores, Target
172 Washtenaw Fountain Plaza Ypsilanti MI Ann Arbor, MI 2005 122,762 97.0 % 1,203 10.10 Save-A-Lot (Rabban Brothers) Dollar Tree, Planet Fitness, Urban Air Adventure Park —
173 Southport Centre I - VI Apple Valley MN Minneapolis-St. Paul-Bloomington, MN-WI 1985 124,260 98.9 % 2,735 22.25 SuperTarget* Dollar Tree, O'Reilly Auto Parts, Walgreens —
Supplemental Disclosure - Three Months Ended June 30, 2026
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
174 Champlin Marketplace Champlin MN Minneapolis-St. Paul-Bloomington, MN-WI 2005 91,970 100.0 % 1,394 15.74 Cub Foods (United Natural Foods Inc.) — —
175 Burning Tree Plaza Duluth MN Duluth, MN-WI 1987 183,105 93.0 % 2,556 15.02 — Best Buy, Dollar Tree, Harbor Freight Tools, HomeGoods, Sierra, T.J. Maxx —
176 Westwind Plaza Minnetonka MN Minneapolis-St. Paul-Bloomington, MN-WI 2007 91,670 98.6 % 2,340 26.94 Cub Foods* Ablelight Thrift, MGM Wine and Spirits —
177 Richfield Hub Richfield MN Minneapolis-St. Paul-Bloomington, MN-WI 1952 213,595 95.9 % 2,877 14.04 Loma Bonita Market Dollar Tree, Marshalls, Michaels, Walgreens —
178 Roseville Center Roseville MN Minneapolis-St. Paul-Bloomington, MN-WI 2021 82,576 98.8 % 1,220 21.40 ALDI, Cub Foods* Dollar Tree —
179 Marketplace @ 42 Savage MN Minneapolis-St. Paul-Bloomington, MN-WI 1999 118,693 97.0 % 2,076 18.02 Fresh Thyme Farmers Market (Meijer) Dollar Tree, Marshalls —
180 Sun Ray Shopping Center St. Paul MN Minneapolis-St. Paul-Bloomington, MN-WI 1958 290,813 86.9 % 2,891 15.48 Cub Foods (United Natural Foods Inc.) BioLife Plasma Services, Burlington Stores, Citi Trends, Dollar Tree, Five Below, Planet Fitness, Ross Dress for Less —
181 White Bear Hills Shopping Center White Bear Lake MN Minneapolis-St. Paul-Bloomington, MN-WI 1996 73,065 100.0 % 1,150 15.74 Festival Foods (Schnucks) Dollar Tree —
182 Ellisville Square Ellisville MO St. Louis, MO-IL 1989 137,408 71.2 % 1,424 15.05 ALDI Chuck E. Cheese, Michaels, Petco —
183 Watts Mill Plaza Kansas City MO Kansas City, MO-KS 1997 161,717 99.4 % 1,665 10.36 Price Chopper (Associated Wholesale) Fowling Warehouse —
184 Liberty Corners Liberty MO Kansas City, MO-KS 1987 124,808 91.4 % 1,200 10.52 Price Chopper (Cosentino Group) — —
185 Devonshire Place Cary NC Raleigh-Cary, NC 1996 106,680 100.0 % 1,706 16.34 — Burlington Stores, Dollar Tree, Harbor Freight Tools, REI —
186 McMullen Creek Market Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1988 285,584 95.0 % 5,059 18.65 Walmart Neighborhood Market Burlington Stores, Dollar Tree, pOpshelf, Staples —
187 The Commons at Chancellor Park Charlotte NC Charlotte-Concord-Gastonia, NC-SC 1994 348,604 100.0 % 2,469 10.16 Patel Brothers Big Air Trampoline, Bob's Discount Furniture, Dollar Tree, Gabe's, The Home Depot —
188 Garner Towne Square Garner NC Raleigh-Cary, NC 1997 184,267 98.7 % 2,979 16.38 LIDL Boot Barn, Burlington Stores, Harbor Freight Tools, PetSmart Target, The Home Depot
189 Franklin Square Gastonia NC Charlotte-Concord-Gastonia, NC-SC 1989 317,824 93.2 % 4,339 15.06 Walmart Supercenter* bealls, Best Buy, Boot Barn, Dollar Tree, Five Below, Michaels, pOpshelf, Ross Dress for Less —
190 Wendover Place Greensboro NC Greensboro-High Point, NC 2000 407,244 100.0 % 6,599 16.20 — Burlington Stores, DICK'S Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Ross Dress for Less, Shoe Carnival, Total Wine & More, Ulta Beauty, Wayfair Outlet Target
191 University Commons Greenville NC Greenville, NC 1996 233,153 99.4 % 3,737 16.12 Harris Teeter (Kroger) Barnes & Noble, Five Below, HomeGoods, Petco, Shoe Carnival, T.J. Maxx —
192 North Ridge Shopping Center Raleigh NC Raleigh-Cary, NC 1980 171,372 97.7 % 3,307 19.75 Harris Teeter (Kroger) Ace Hardware, O2 Fitness —
193 Innes Street Market Salisbury NC Charlotte-Concord-Gastonia, NC-SC 2002 349,425 99.0 % 4,412 12.76 Food Lion (Ahold Delhaize) Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown —
194 New Centre Market Wilmington NC Wilmington, NC 1998 144,614 100.0 % 2,378 16.99 SuperTarget* Burlington Stores, Dollar Tree, PetSmart, Shoe Carnival, Sportsman's Warehouse —
195 University Commons Wilmington NC Wilmington, NC 2007 235,345 100.0 % 4,193 17.82 Lowes Foods (Alex Lee) Dollar Tree, HomeGoods, Skechers, T.J. Maxx —
196 Parkway Plaza Winston-Salem NC Winston-Salem, NC 2005 279,630 82.5 % 3,050 14.00 Compare Foods Aaron's, ArchWell Health, Citi Trends, Office Depot, O'Reilly Auto Parts, Umi Hotpot Sushi & Seafood Buffet —
197 Stratford Commons Winston-Salem NC Winston-Salem, NC 1995 72,308 83.8 % 935 15.44 CHEF'STORE (US Foods) Boot Barn —
198 Bedford Grove Bedford NH Manchester-Nashua, NH 1989 103,076 100.0 % 2,438 24.96 — Boston Interiors, Planet Fitness —
199 Capitol Shopping Center Concord NH Concord, NH 2001 196,545 83.5 % 3,139 20.39 Market Basket (DeMoulas Supermarkets) Boot Barn, Burlington Stores, Five Below, Marshalls —
200 Willow Springs Plaza Nashua NH Manchester-Nashua, NH 1990 131,248 96.0 % 2,605 22.61 Patel Brothers Jordan's Warehouse, Mavis Discount Tires, New Hampshire Liquor and Wine Outlet, Petco The Home Depot
201 Tri-City Plaza Somersworth NH Boston-Cambridge-Newton, MA-NH 1990 150,264 97.9 % 1,751 11.94 Market Basket (DeMoulas Supermarkets) Staples, T.J. Maxx —
202 Laurel Square Brick NJ New York-Newark-Jersey City, NY-NJ 2023 246,254 100.0 % 2,918 11.85 Livoti’s Old World Market Ashley Homestore, At Home, Dollar Tree, Planet Fitness, Senior Helpers Town Square —
203 The Shoppes at Cinnaminson Cinnaminson NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2010 301,206 100.0 % 5,363 26.05 ShopRite (Eickhoff Supermarkets) Burlington Stores, Planet Fitness, Ross Dress for Less —
204 Acme Clark Clark NJ New York-Newark-Jersey City, NY-NJ 2007 52,812 100.0 % 1,465 27.74 Acme (Albertsons) — —
205 Collegetown Shopping Center Glassboro NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 231,463 100.0 % 3,931 17.19 LIDL Esporta Fitness, Five Below, Ocean State Job Lot, Pep Boys, Ross Dress for Less, Ulta Beauty —
206 Hamilton Plaza Hamilton NJ Trenton-Princeton, NJ 1972 149,993 100.0 % 2,329 15.53 Grocery Outlet 2nd Ave, Crab Du Jour, DaVita Dialysis, Planet Fitness, Rothman Orthopaedic Institute —
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
207 Bennetts Mills Plaza Jackson NJ New York-Newark-Jersey City, NY-NJ 2002 127,230 98.4 % 2,077 16.59 Gourmet Glatt — —
208 Marlton Crossing Marlton NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2019 337,878 99.0 % 8,178 24.46 Sprouts Farmers Market Arthur Murray Dance Studio, Burlington Stores, Chickie's & Pete's, DSW, HomeGoods, Michaels, T.J. Maxx —
209 Middletown Plaza Middletown NJ New York-Newark-Jersey City, NY-NJ 2024 201,596 59.2 % 3,290 27.56 Trader Joe's Petco, Retro Fitness —
210 Springfield Place Morris NJ New York-Newark-Jersey City, NY-NJ 1965 4,000 100.0 % 270 67.50 ShopRite* — —
211 Larchmont Centre Mount Laurel NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1985 103,787 100.0 % 1,593 32.73 ShopRite — —
212 Old Bridge Gateway Old Bridge NJ New York-Newark-Jersey City, NY-NJ 2022 254,548 93.3 % 4,940 20.80 Bhavani Food Market Dollar Tree, Marshalls, Pep Boys, Petco, Ross Dress for Less, Texas Roadhouse —
213 Morris Hills Shopping Center (3) Parsippany NJ New York-Newark-Jersey City, NY-NJ 2026 159,561 36.6 % 1,328 22.75 Specialty Grocer — —
214 Rio Grande Plaza Rio Grande NJ Atlantic City-Hammonton, NJ 1997 136,351 100.0 % 1,935 14.19 ShopRite* Burlington Stores, Dollar Tree, PetSmart, Planet Fitness, Skechers —
215 Ocean Heights Plaza Somers Point NJ Atlantic City-Hammonton, NJ 2006 179,179 98.9 % 3,871 21.84 ShopRite (Village Supermarket) Ross Dress for Less —
216 Tinton Falls Plaza Tinton Falls NJ New York-Newark-Jersey City, NY-NJ 2006 87,760 100.0 % 1,758 20.03 Uncle Giuseppe's* Crunch Fitness, Dollar Tree —
217 Cross Keys Commons Turnersville NJ Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 216,205 98.3 % 4,092 19.26 Walmart Supercenter* Marshalls, Ross Dress for Less, Staples, Ulta Beauty —
218 Parkway Plaza Carle Place NY New York-Newark-Jersey City, NY-NJ 1993 89,834 100.0 % 3,239 36.06 ALDI T.J. Maxx —
219 Mayfair Shopping Center Commack NY New York-Newark-Jersey City, NY-NJ 1958 221,010 99.1 % 5,002 22.84 LIDL Gap Factory Store, Kids Empire, PGA TOUR Superstore, Planet Fitness —
220 Suffolk Plaza East Setauket NY New York-Newark-Jersey City, NY-NJ 1998 84,316 92.0 % 1,908 25.22 BJ's Wholesale Club* Five Below Kohl's, Walmart
221 Three Village Shopping Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1991 77,458 36.1 % 1,278 45.67 Stop & Shop* — Walgreens
222 West Center East Setauket NY New York-Newark-Jersey City, NY-NJ 1965 42,594 96.2 % 1,255 30.61 Wild by Nature Market (King Kullen) — —
223 Stewart Plaza Garden City NY New York-Newark-Jersey City, NY-NJ 2022 217,893 100.0 % 4,568 20.96 — Burlington Stores, Dollar Tree, Floor & Décor, Phenix Salon Suites, Tiger Schulmann's Mixed Martial Arts —
224 Dalewood I, II & III Shopping Center (3) Hartsdale NY New York-Newark-Jersey City, NY-NJ 2026 196,831 94.6 % 8,299 45.59 H Mart, Sprouts Farmers Market Barnes & Noble, Best Buy, GEN Korean BBQ House, T.J. Maxx, Ulta Beauty —
225 Unity Plaza Hopewell Junction NY Kiryas Joel-Poughkeepsie-Newburgh, NY 2005 67,462 100.0 % 1,498 22.21 Acme (Albertsons) — —
226 Cayuga Shopping Center Ithaca NY Ithaca, NY 1969 204,405 94.6 % 2,153 11.13 ALDI Ace Hardware, Planet Fitness, Ross Dress for Less, VA Community Based Outpatient —
227 Kings Park Plaza Kings Park NY New York-Newark-Jersey City, NY-NJ 1985 72,208 97.8 % 1,739 24.63 Key Food Marketplace T.J. Maxx —
228 Village Square Shopping Center Larchmont NY New York-Newark-Jersey City, NY-NJ 1981 17,000 88.4 % 590 39.24 Trader Joe's — —
229 Falcaro's Plaza Lawrence NY New York-Newark-Jersey City, NY-NJ 1972 61,904 100.0 % 1,721 27.80 KolSave Market* Dollar Tree, Planet Fitness —
230 Mamaroneck Centre Mamaroneck NY New York-Newark-Jersey City, NY-NJ 2020 36,470 100.0 % 1,557 42.69 North Shore Farms CVS —
231 Sunshine Square Medford NY New York-Newark-Jersey City, NY-NJ 2007 222,966 98.1 % 3,791 18.08 Super Stop & Shop (Ahold Delhaize) Advance Auto Parts, Planet Fitness, Savers —
232 Wallkill Plaza Middletown NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1986 211,736 87.3 % 2,240 14.23 — Citi Trends, David's Bridal, Hobby Lobby, Ocean State Job Lot —
233 Monroe Plaza Monroe NY Kiryas Joel-Poughkeepsie-Newburgh, NY 1985 122,007 90.7 % 2,034 18.37 ShopRite (Wakefern) U.S. Post Office —
234 Rockland Plaza (3) Nanuet NY New York-Newark-Jersey City, NY-NJ 2026 261,443 87.3 % 8,099 36.25 A Matter of Health Burlington Stores, Nordstrom Rack, Ross Dress for Less, Ulta Beauty —
235 North Ridge Shopping Center New Rochelle NY New York-Newark-Jersey City, NY-NJ 1971 39,743 76.4 % 1,231 40.57 — — —
236 Nesconset Shopping Center Port Jefferson Station NY New York-Newark-Jersey City, NY-NJ 1961 129,996 89.9 % 3,449 29.51 — Dollar Tree, HomeGoods —
237 Roanoke Plaza Riverhead NY New York-Newark-Jersey City, NY-NJ 2002 99,131 93.6 % 2,291 24.68 Fine Fare Boot Barn, CVS, Ross Dress for Less —
238 The Shops at Riverhead Riverhead NY New York-Newark-Jersey City, NY-NJ 2018 120,088 100.0 % 3,183 26.51 Costco* HomeSense, Marshalls/HomeGoods, PetSmart, Ulta Beauty —
239 Rockville Centre Rockville Centre NY New York-Newark-Jersey City, NY-NJ 1975 44,131 100.0 % 1,398 31.68 — HomeGoods —
240 College Plaza Selden NY New York-Newark-Jersey City, NY-NJ 2025 188,602 82.7 % 4,117 29.44 ShopRite (Wakefern) Burlington Stores, Five Below —
241 Campus Plaza Vestal NY Binghamton, NY 2003 160,744 99.5 % 2,215 13.85 — Dollar Tree, Staples —
242 Parkway Plaza Vestal NY Binghamton, NY 1995 207,123 100.0 % 2,710 13.08 — Bob's Discount Furniture, Boot Barn, Kohl's, PetSmart, Ross Dress for Less —
Supplemental Disclosure - Three Months Ended June 30, 2026
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
243 Shoppes at Vestal Vestal NY Binghamton, NY 2000 92,328 100.0 % 1,732 18.76 — HomeGoods, Michaels, Old Navy —
244 Town Square (2) Vestal NY Binghamton, NY 1991 290,535 97.8 % 5,448 19.75 Sam's Club*, Walmart Supercenter* AMC, Barnes & Noble, Burlington Stores, DICK’S Sporting Goods Warehouse Sale, Dollar Tree, DSW, Shoe Carnival, T.J. Maxx, Ulta Beauty —
245 Highridge Plaza Yonkers NY New York-Newark-Jersey City, NY-NJ 1977 88,501 97.9 % 3,231 37.30 H Mart — —
246 Brunswick Town Center Brunswick OH Cleveland, OH 2004 151,048 99.2 % 2,698 18.64 Giant Eagle — The Home Depot
247 Brentwood Plaza Cincinnati OH Cincinnati, OH-KY-IN 2004 227,546 100.0 % 3,066 19.90 Kroger Ace Hardware, Petco, Planet Fitness, Rainbow Shops —
248 Delhi Shopping Center Cincinnati OH Cincinnati, OH-KY-IN 1973 167,328 100.0 % 1,698 10.23 Kroger Pet Supplies Plus, Salvation Army —
249 Western Hills Plaza Cincinnati OH Cincinnati, OH-KY-IN 2021 245,971 92.4 % 5,152 23.92 — Dollar Tree, Michaels, PetSmart, Ross Dress For Less, T.J. Maxx, Ulta Beauty Target
250 Western Village Cincinnati OH Cincinnati, OH-KY-IN 2005 115,791 100.0 % 1,464 41.65 Kroger — —
251 Crown Point Columbus OH Columbus, OH 1980 145,280 100.0 % 1,677 11.57 Kroger Dollar Tree, Planet Fitness —
252 Greentree Shopping Center Columbus OH Columbus, OH 2005 131,720 91.8 % 1,537 13.62 Kroger — —
253 South Towne Centre (3) Dayton OH Dayton-Kettering-Beavercreek, OH 2026 333,998 92.1 % 4,836 16.12 Health Foods Unlimited Barnes & Noble, Burlington Stores, HomeSense, PetSmart, Sierra, VASA Fitness —
254 The Shoppes at North Olmsted North Olmsted OH Cleveland, OH 2002 70,003 100.0 % 1,239 17.70 — Ollie's Bargain Outlet —
255 Surrey Square Norwood OH Cincinnati, OH-KY-IN 2010 175,140 100.0 % 2,729 30.04 Kroger Advance Auto Parts, Rainbow Shops —
256 Miracle Mile Shopping Plaza Toledo OH Toledo, OH 1955 298,765 88.8 % 2,138 13.70 Kroger Crunch Fitness, Fun City Us, Harbor Freight Tools —
257 Village West Allentown PA Allentown-Bethlehem-Easton, PA-NJ 1999 140,474 100.0 % 3,048 21.70 Giant Food (Ahold Delhaize) CVS —
258 Lehigh Shopping Center Bethlehem PA Allentown-Bethlehem-Easton, PA-NJ 1955 373,766 77.7 % 3,879 16.97 Giant Food (Ahold Delhaize) Citi Trends, Marshalls/HomeGoods, PetSmart, Powerhouse Gym, Savers, Staples —
259 Bristol Park Bristol PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1993 266,953 97.8 % 3,272 12.85 — Ollie's Bargain Outlet, Planet Fitness —
260 New Britain Village Square Chalfont PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1989 143,716 96.2 % 2,887 21.59 Giant Food (Ahold Delhaize) Wine & Spirits Shoppe —
261 Collegeville Shopping Center Collegeville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2020 101,630 92.8 % 2,157 23.61 Kimberton Whole Foods Planet Fitness —
262 Plymouth Square Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2024 227,440 88.4 % 4,941 24.59 Weis Markets Planet Fitness, REI —
263 Whitemarsh Shopping Center Conshohocken PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2002 76,391 93.3 % 2,098 29.43 Giant Food (Ahold Delhaize) — —
264 Valley Fair Devon PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2001 45,086 100.0 % 748 16.59 Hung Vuong Food Market* Planet Fitness —
265 Dickson City Crossings Dickson City PA Scranton--Wilkes-Barre, PA 2023 311,991 100.0 % 3,893 19.61 — Barnes & Noble, Burlington Stores, Dollar Tree, Gabe's, PetSmart, Planet Fitness, Sierra, T.J. Maxx, The Home Depot —
266 Barn Plaza (3) Doylestown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2026 235,754 100.0 % 6,555 27.80 Whole Foods Market (Amazon) Barnes & Noble, Kohl's, Pottery Barn —
267 Pilgrim Gardens Drexel Hill PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1955 75,223 92.8 % 1,490 21.34 — Ross Dress for Less —
268 North Penn Market Place Lansdale PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1977 58,358 96.6 % 1,127 21.36 Weis Markets* DaVita Dialysis —
269 Village at Newtown Newtown PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2021 226,829 100.0 % 8,982 41.10 McCaffrey's Ulta Beauty —
270 Ivyridge Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1963 106,348 100.0 % 3,209 30.17 — Target —
271 Roosevelt Mall (3) Philadelphia PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2026 619,644 98.5 % 12,403 42.15 Sprouts Farmers Market JD Sports, LA Fitness, Macy's, Oak Street Health, Ross Dress for Less, Teso Life, Ulta Beauty —
272 Shoppes at Valley Forge Phoenixville PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2003 176,676 100.0 % 1,869 10.58 Redner's Warehouse Market Ocean State Job Lot, Ross Dress for Less —
273 County Line Plaza Souderton PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1971 154,608 100.0 % 1,893 12.24 ALDI Dollar Tree, Five Below, Planet Fitness —
274 69th Street Plaza Upper Darby PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1994 41,711 100.0 % 551 13.21 Fresh Grocer* — —
275 Warminster Towne Center Warminster PA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1997 237,152 100.0 % 3,958 18.11 ShopRite (Wakefern) Famous Footwear, Harbor Freight Tools, Old Navy, Pep Boys, PetSmart, Ross Dress for Less, Sportsman's Warehouse Kohl's
276 Whitehall Square Whitehall PA Allentown-Bethlehem-Easton, PA-NJ 2006 309,908 97.5 % 4,104 13.84 Redner's Warehouse Market dd's Discounts (Ross), Dollar Tree, Gabe's, PetSmart, Pickleball Kingdom, Ross Dress for Less —
277 Wilkes-Barre Township Marketplace Wilkes-Barre Township PA Scranton--Wilkes-Barre, PA 2004 306,440 100.0 % 2,810 37.12 NetCost Market, Walmart Supercenter Chuck E. Cheese, Cracker Barrel, Pet Supplies Plus —
278 Belfair Towne Village Bluffton SC Hilton Head Island-Bluffton-Port Royal, SC 2006 166,639 99.0 % 3,236 19.61 Kroger — —
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
279 Milestone Plaza Greenville SC Greenville-Anderson-Greer, SC 1995 89,721 100.0 % 1,801 21.29 Lowes Foods (Alex Lee) — —
280 Circle Center (3) Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 2026 68,444 90.8 % 1,310 21.09 Publix — —
281 The Fresh Market Shoppes Hilton Head Island SC Hilton Head Island-Bluffton-Port Royal, SC 1983 86,398 98.1 % 1,669 19.68 The Fresh Market — —
282 Island Plaza James Island SC Charleston-North Charleston, SC 1994 174,094 98.6 % 1,934 11.42 Food Lion (Ahold Delhaize) Dollar Tree, Gold's Gym, Harbor Freight Tools —
283 Pawleys Island Plaza Pawleys Island SC Murrells Inlet, SC 2015 120,453 96.4 % 1,803 15.53 Publix Petco, T.J. Maxx, Ulta Beauty —
284 Fairview Corners I & II Simpsonville SC Greenville-Anderson-Greer, SC 2003 131,002 100.0 % 2,794 21.33 — Petco, Ross Dress for Less, T.J. Maxx Target
285 Hillcrest Market Place (3) Spartanburg SC Spartanburg, SC 2026 372,103 97.0 % 5,468 15.49 Publix Five Below, Hobby Lobby, Marshalls, NCG Cinemas, Petco, Ross Dress for Less —
286 Watson Glen Shopping Center Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 265,571 99.1 % 4,151 15.98 ALDI At Home, HomeGoods —
287 Williamson Square Franklin TN Nashville-Davidson--Murfreesboro--Franklin, TN 1988 304,784 99.6 % 4,770 15.71 — Collective Boutiques, Dollar Tree, Family Leisure, Goldfish Swim School, Hobby Lobby, Planet Fitness —
288 Kingston Overlook Knoxville TN Knoxville, TN 1996 119,360 55.3 % 1,051 15.93 Sprouts Farmers Market Urban Air Adventure Park —
289 The Market at Wolfcreek (2) Memphis TN Memphis, TN-MS-AR 2014 649,252 92.8 % 10,008 17.52 — Academy Sports + Outdoors, Best Buy, Burlington Stores, Cavender's Boot City, Citi Trends, Dave & Busters, David's Bridal, Dollar Tree, DSW, Michaels, Office Depot, Old Navy, PetSmart, T.J. Maxx —
290 Georgetown Square Murfreesboro TN Nashville-Davidson--Murfreesboro--Franklin, TN 2003 114,117 92.3 % 1,610 15.28 Kroger — —
291 Nashboro Village Nashville TN Nashville-Davidson--Murfreesboro--Franklin, TN 1998 86,811 95.2 % 1,092 13.22 Kroger — Walgreens
292 Parmer Crossing Austin TX Austin-Round Rock-San Marcos, TX 1989 170,605 89.5 % 2,114 13.84 Desi Brothers Dollar Tree, Harbor Freight Tools, Planet Fitness —
293 Baytown Shopping Center Baytown TX Houston-Pasadena-The Woodlands, TX 1987 95,921 97.0 % 1,719 18.48 — Goodwill, Legacy Community Health, Sky Zone —
294 El Camino Bellaire TX Houston-Pasadena-The Woodlands, TX 2008 71,651 83.2 % 702 11.77 El Ahorro Supermarket Dollar Tree —
295 Central Station College Station TX College Station-Bryan, TX 1976 178,141 98.5 % 3,771 21.99 — Dollar Tree, HomeGoods, Kid to Kid, Spec's Liquors Kohl's
296 Jones Crossing College Station TX College Station-Bryan, TX 2017 163,472 100.0 % 3,101 64.48 H-E-B — —
297 Rock Prairie Crossing College Station TX College Station-Bryan, TX 2002 118,700 97.7 % 1,525 30.57 Kroger CVS —
298 Carmel Village Corpus Christi TX Corpus Christi, TX 2019 84,667 100.0 % 1,491 17.61 — Crunch Fitness, Five Below —
299 Arboretum Village Dallas TX Dallas-Fort Worth-Arlington, TX 2014 102,279 97.6 % 2,765 29.77 Tom Thumb (Albertsons) Ace Hardware, PetSmart —
300 Claremont Village Dallas TX Dallas-Fort Worth-Arlington, TX 1976 66,980 92.8 % 1,342 21.84 — EōS Fitness —
301 Kessler Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1975 68,962 96.7 % 1,185 17.77 — Wellmed Medical —
302 Stevens Park Village Dallas TX Dallas-Fort Worth-Arlington, TX 1974 45,492 93.8 % 420 9.85 — — —
303 Webb Royal Plaza Dallas TX Dallas-Fort Worth-Arlington, TX 1961 108,545 90.7 % 1,363 14.52 El Rio Grande Latin Market Family Dollar —
304 Wynnewood Village (3) Dallas TX Dallas-Fort Worth-Arlington, TX 2026 579,174 94.0 % 9,211 22.18 El Rancho (Heritage Grocers), Kroger Burlington Stores, Citi Trends, DaVita Dialysis, Dollar Tree, Five Below, Foot Locker, Kids Empire, LA Fitness, Ross Dress for Less, Target —
305 Parktown Deer Park TX Houston-Pasadena-The Woodlands, TX 1999 118,221 99.5 % 1,286 10.93 Food Town bealls, Walgreens —
306 Ridglea Plaza Fort Worth TX Dallas-Fort Worth-Arlington, TX 1990 170,519 98.1 % 2,817 16.85 Tom Thumb (Albertsons) Dollar Tree, EōS Fitness, Goody Goody Wine & Spirits —
307 Trinity Commons Fort Worth TX Dallas-Fort Worth-Arlington, TX 1998 197,526 98.8 % 4,890 25.05 Tom Thumb (Albertsons) DSW, Ulta Beauty —
308 Preston Ridge Frisco TX Dallas-Fort Worth-Arlington, TX 2018 792,351 99.1 % 19,394 24.69 SuperTarget* Belk, Best Buy, Boot Barn, Cloudbound, DSW, Half Price Books, Macy's Backstage, Marshalls, Nordstrom Rack, Old Navy, PetSmart, pOpshelf, Ross Dress for Less, Sky Zone, Staples, T.J. Maxx, Ulta Beauty —
309 Village Plaza Garland TX Dallas-Fort Worth-Arlington, TX 2002 89,444 100.0 % 1,755 19.72 Truong Nguyen Market — —
310 Highland Village Town Center Highland Village TX Dallas-Fort Worth-Arlington, TX 1996 101,874 100.0 % 1,427 14.36 — Collective Boutiques, Planet Fitness —
311 Bay Forest Houston TX Houston-Pasadena-The Woodlands, TX 2004 76,092 100.0 % 867 12.53 Kroger — —
312 Braes Heights Houston TX Houston-Pasadena-The Woodlands, TX 2022 92,703 98.0 % 3,149 34.67 — CVS, My Salon Suites —
313 Braesgate Houston TX Houston-Pasadena-The Woodlands, TX 1997 91,982 100.0 % 994 10.81 Food Town — —
314 Clear Lake Camino South Houston TX Houston-Pasadena-The Woodlands, TX 1964 106,072 77.9 % 1,247 16.35 ALDI Mr. Gatti's Pizza, Spec's Liquors —
315 Hearthstone Corners Houston TX Houston-Pasadena-The Woodlands, TX 2019 208,147 98.6 % 3,162 15.40 El Rancho (Heritage Grocers) Amped Fitness, Sky Zone, XL Parts —
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PROPERTY LIST
↩ Table of
Contents
Dollars in thousands, except per square foot amounts
Year
Percent
Non-Owned
Property Name
City
State
Core-Based Statistical Area
Built
GLA
Leased
ABR
ABR PSF
Grocer (1) (4) Other Major Tenants (4)
Major Tenants
316 Jester Village Houston TX Houston-Pasadena-The Woodlands, TX 2022 62,731 99.0 % 1,556 25.05 — 24 Hour Fitness —
317 Jones Plaza Houston TX Houston-Pasadena-The Woodlands, TX 2025 111,206 92.1 % 1,290 12.59 La Michoacana Supermarket Aaron's, Fitness Connection —
318 Jones Square Houston TX Houston-Pasadena-The Woodlands, TX 1999 169,786 100.0 % 2,111 12.43 — Hobby Lobby, King Dollar, Octapharma, Vevor, Walgreens —
319 Maplewood Houston TX Houston-Pasadena-The Woodlands, TX 2004 99,177 85.1 % 1,114 13.20 — bealls, Kids Empire, Planet Fitness —
320 Merchants Park Houston TX Houston-Pasadena-The Woodlands, TX 2009 246,707 98.6 % 4,491 18.47 Kroger JD Sports, Marshalls, Petco, Planet Fitness, Ross Dress for Less —
321 Northshore (2) Houston TX Houston-Pasadena-The Woodlands, TX 2001 231,640 76.8 % 3,264 18.35 — Concentra, Dollar Tree, Melrose Fashions, Planet Fitness —
322 Northtown Plaza Houston TX Houston-Pasadena-The Woodlands, TX 1960 184,940 98.5 % 2,769 15.53 El Rancho (Heritage Grocers) Crazy Boss Big Discount Store, dd's Discounts (Ross), Dollar Tree —
323 Orange Grove Houston TX Houston-Pasadena-The Woodlands, TX 2005 184,664 99.1 % 2,471 14.08 — 24 Hour Fitness, Burlington Stores, Floor & Décor —
324 Royal Oaks Village Houston TX Houston-Pasadena-The Woodlands, TX 2001 146,279 97.2 % 3,736 26.26 H-E-B — —
325 Tanglewilde Center Houston TX Houston-Pasadena-The Woodlands, TX 1998 82,623 83.3 % 1,156 16.79 ALDI Dollar Tree, WeGotSoccer —
326 Vintage Marketplace Houston TX Houston-Pasadena-The Woodlands, TX 2014 72,184 91.6 % 1,878 28.42 Whole Foods Market (Amazon) — —
327 West U Marketplace Houston TX Houston-Pasadena-The Woodlands, TX 2000 60,136 100.0 % 1,760 29.27 Whole Foods Market (Amazon) — —
328 Westheimer Commons Houston TX Houston-Pasadena-The Woodlands, TX 1984 245,714 97.2 % 2,976 12.46 Fiesta Mart (Chedraui USA) King Dollar, Marshalls, Rainbow Shops, Retro Fitness, Sanitas Medical Center, Walgreens —
329 LaCenterra at Cinco Ranch Katy TX Houston-Pasadena-The Woodlands, TX 2006 408,545 97.4 % 13,267 34.34 Trader Joe's Brown & Gay Engineers, Inc., Flix Brewhouse, Nike, Peloton Computer Enterprises, Regus —
330 Pearland Plaza Pearland TX Houston-Pasadena-The Woodlands, TX 1995 156,491 98.5 % 1,644 10.67 Kroger Goodwill, Harbor Freight Tools, The Picklr, Walgreens —
331 Market Plaza (3) Plano TX Dallas-Fort Worth-Arlington, TX 2026 145,116 94.6 % 3,172 26.06 Central Market (H-E-B) — —
332 Preston Park Village (3) Plano TX Dallas-Fort Worth-Arlington, TX 2026 260,746 94.4 % 7,594 30.87 — Gap Factory Store, HomeGoods, Petco, Slick City —
333 Keegan's Meadow Stafford TX Houston-Pasadena-The Woodlands, TX 1999 125,100 97.2 % 1,704 14.43 El Rancho King Dollar, Retro Fitness —
334 Lake Pointe Village Sugar Land TX Houston-Pasadena-The Woodlands, TX 2010 162,263 94.3 % 4,918 32.15 Whole Foods Market (Amazon) — —
335 Texas City Bay Texas City TX Houston-Pasadena-The Woodlands, TX 2005 224,884 94.2 % 2,611 12.52 Kroger Burlington Stores, Five Below, Harbor Freight Tools, Planet Fitness —
336 Windvale Center The Woodlands TX Houston-Pasadena-The Woodlands, TX 2002 100,688 84.7 % 1,909 22.39 — Tesla —
337 Culpeper Town Square Culpeper VA Washington-Arlington-Alexandria, DC-VA-MD-WV 1999 132,907 81.0 % 1,113 10.34 — Goodwill, Ollie's Bargain Outlet, Tractor Supply Co. —
338 Hanover Square Mechanicsville VA Richmond, VA 1991 152,279 99.3 % 3,227 21.35 — Gold's Gym, Hobby Lobby Kohl's
339 Cave Spring Corners Roanoke VA Roanoke, VA 2005 144,942 98.5 % 1,401 16.70 Kroger Hamrick's —
340 Hunting Hills Roanoke VA Roanoke, VA 1989 166,207 100.0 % 1,614 9.71 — Dollar Tree, Kohl's, PetSmart —
341 Hilltop Plaza Virginia Beach VA Virginia Beach-Chesapeake-Norfolk, VA-NC 2010 149,694 92.2 % 3,645 26.71 Trader Joe's Five Below, PetSmart, Ulta Beauty —
342 Rutland Plaza Rutland VT Rutland, VT 1997 223,314 91.9 % 2,037 9.93 Market 32 (Northeast Grocery) Planet Fitness, T.J. Maxx, Walmart —
343 Mequon Pavilions Mequon WI Milwaukee-Waukesha, WI 1967 218,392 92.4 % 3,759 18.63 Sendik's Food Market Marshalls, Sierra, The Tile Shop —
344 Moorland Square Shopping Ctr New Berlin WI Milwaukee-Waukesha, WI 1990 98,303 97.3 % 1,176 12.30 Pick 'n Save (Kroger) — —
345 Paradise Pavilion West Bend WI Milwaukee-Waukesha, WI 2000 204,074 93.5 % 1,696 8.91 — Hobby Lobby, Kohl's Five Below, HomeGoods, Sierra
346 Grand Central Plaza Parkersburg WV Parkersburg-Vienna, WV 1986 75,344 100.0 % 884 11.73 — Best Buy, Sportsman's Warehouse —
TOTAL PORTFOLIO
62,507,837 94.8 % $ 1,072,017 $ 19.33
(1) * Indicates grocer is not owned.
(2) Property is listed as two individual properties on Company website for marketing purposes.
(3) Indicates property is currently in redevelopment.
(4) Major Tenants exclude tenants that have ceased to operate prior to their lease expiration date.
Supplemental Disclosure - Three Months Ended June 30, 2026
Page 45
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Jul. 27, 2026
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