EFTA01388950.pdf

I6 October 2016 REITs US REIT 3Q16 Earnings Preview • Update on disposition market pricing and trends (any changes in demand, negotiation, bidder pool or buyer make-up) • CMBS and overall financing market update • Recent cap rate trends primary vs secondary markets • Update on changing trends, e-tailers, mall tenants moving to the shopping centers and vice versa Recent grocer trends in light of continued food at home deflation and Amazon's (AMZN: DB Buy rated, USD822.96 by Ross Sandler) continued push into the grocery business, most recently announced plans to build convenience stores and curbside pickup locations. Figure 57: BRX 3O16 results preview 0Nt 3010 2010 3010 2016 Erns AMA ten ton Poo 30 Gni Poet 30 Gon Oflo On tymrsinq Wan Arne/ And Paid Pm 30 Oin Post 30 we. We Update on redevelopment opportunities within the portfolio Update on plans to reduce single asset markets which total over 90 Update on Sports Authority releasing at 5 remaining locations • Update on plans to improve small shop occupancy, outparcel leasing and entertainment and restaurant use. • Update on strategy to get stabilized occupancy up to the mid 90's from 90.6% at 2Q end. • Update on changes or plans to change leasing agent compensation structure. • Dispositions update with $75-175M in guidance and -$21M closed in 1H. • Update on the growth outlook over next 1-2 years and strategy between repositioning and occupancy gains • Update on any new information from potential SEC investigation Sane Oeuvres &Int amp:myths. Moms. Page 28 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092955 CONFIDENTIAL SDNY_GM_00239139 EFTA01388950