EFTA01388951.pdf

18 October 2016 REITs US REIT 3016 Earnings Preview [Figure 59: EQY 3O16 results preview 97f SOW 3014 3014 2014 Irk. ASS Anal Meal OM Caen Pt.30 Gab St $0 GM. CS Cans FFO/sh SO 31 $O 34 $027 SI 26.5130 $1 29 Core Ff WA $O 33 S035 5033 $034 51 36.5140 $1 39 $1 39 Osage/9S ALS weal weal Dbo Ps 30 Gotha Pea MOS DU Total leasing vol‘me koredidasecl) 800 516 Newlenng volume (comp • non-comp consd‘tated) 290 213 Renewal leasing volume Icornefoited) 311 303 Tees occoPoncv Icanokland apnea 966% 963% 969% SSOcc960%•96 5% 9656% QM eh lobe 10130 -38t0 y/y ch 120Iap 321* 571ap Blended rent spread Stash. consolidated) 109% 70% ccerrnerced ilo% NewIt Spread leash. ccosoldreix0 63% 64% Renewal Spread loath consoldasadl 119% 73% SS ROI woMb y/se leash consoldated 04 today, 47% 45% 3 25% .425% Note consensus estimates are based on Thomsascompded data as of 0,14/16 Update on small shop occupancy (90.3% at 20) and FL in particular (89% at 2Q). Updates on Serramonte • Update on Harvard Square and Westwood development plans. As of 20 at Westwood, EQY was in detailed sketch plan review process with hopes of entitlements and leasing to follow. • Any updates on the potential SIB of identified redevelopment opportunity in 12 of EQYs assets that were identified to backfill the pipeline over several years. • Update on 2 remaining Sports Authority locations to lease (Westbury Plaza and Plaza Escuela) • Incremental impact from Hurricane Matthew • Update on the acquisition and disposition market and any opportunities on the horizon (guidance calls for 'selective' acquisitions and 'ongoing one-off' sales of non-core assets). Sown onrct 6w*. armory cam. lnornsco Page 30 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092957 CONFIDENTIAL SDNY_GM_00239141 EFTA01388951