EFTA01388952

18 October 2016 REITs US REIT 3O16 Earnings Preview [Figure 62: REG 3016 results preview Me &Me FFO:911 Coro FRI'sh Opining Mora leasing whine rpromla paned. op propintasa New leasng 990m-rata. comp • non-comp, signed/ Renewal leasng volume 1pro-rata. scrod) Occupascv rpro-rata signed. c9 progenies VI ch NY ch Blended rent spread Mesh. prorate. synod. op properbes1 New lease Spread Iona. profits. alined) Renews Spread leash. promla. sired, 55 NOlorpmh 'fry (cash. pro-rate. ex-termination fees) Nom consensus estimates are based en Ronson compiled dna as of 10/14/16 • Expect SS NOI to moderate in 2H from higher comps and bankruptcies • Update on redevelopment plans of the office building at the recent Clarendon acquisition. • Update on any acquisition opportunities in the marketplace • Update on leasing two remaining Sports Authority boxes • Thoughts on Amazon's continued push into grocery Update on redevelopment opportunities 11015 loll *Ole Anal Mud oM Cease $076 $081 $023 90 76 SD 82 5080 5090 Malt DG 1156 1.542 360 392 796 1 150 96 1% 960% 919% commenced 20bp .212bp 251:9 201m 10bp 5706p 58% 122% 100% commenced 12.9% 290% 76% 9.1% 47% 34% 2016 Pm 30 Quids Pon30 St DIM OM $2 71 • 52 76 $272 93 22 - 53 2, £327 53 26 Pm 30 Gukie Pea 30 PAM Dee 95 0% - 965% SS ccc 95 36% commenced 25bp 12 0% commenced 275% to 3 6% Sane Dearrete Se A. etOryWry dri. Thar, Kin Deutsche Bank Securities Inc. Page 33 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092960 CONFIDENTIAL SDNY_GM_00239144 EFTA01388952