EFTA01388605.pdf

IR October 2O16 REITs US REIT 3016 Earnings Preview TIP 3015 2016 31116 2016 Must Aobal Actual DB• Can Pro 30 Gude Pest 30 Guido Me Cone 1+0/ 'Operating FFO/sh SO 23 SO 2/ 50 31 50 28 50 25 Di e 50 76 50 26 SI 11 .51 14 5104.5107 $1 06 $1 07 Open* , Mitts Acts Aahs Acts We 312 Gude Peat 30 Guido Total leasing volume !prorate) 666 920 New leasing volume (comp • non-octnpi 204 339 Renewal leasing volume 412 ,91 Tote cccupancy /commenced. conseschuor 931% 936% 937% 943% ash 101,0 14bp VA, Ch -soon 601:6 6460 Deeded rent spread lorcorata) 9 4% 81% New lease Spread loto-retal 196% 163% Renewal Sorted fix0-retai 7 3% 69% 7 5% 7 3% 5 NOI growth yN (cash consolidated] 2 0% 4 2% •2009S to 350% Note consensus estimates are based on Thom an compiled data as ce 10/14/16 • Update on disposition progress ($600-700M FY guidance). As of early August, RPAI had closed or was under contract for -$414M. • Update on the Rite Aid (RAD: DB Hold rated, USD7.06, by George Hill) portfolio sales. • Update on leasing remaining space at the Zurich asset • Update on Sports Authority exposure and releasing progress. As of 2O, Dicks (DKS: DB Buy rated, USD54.46 by Mike Baker) had assumed right of 1 store and was expected to assume the lease, 1 has been released and 1 is part of a redevelopment. 7 other stores remain to be released with 4 in active negotiation. • Current acquisition and sales environment commentary • Staples/Office Depot plans • One Loudoun acquisition commentary and incremental detail on longer term plans at the asset Sovc• bunch. Bent carpet. dad. MOIFIKVI Page 34 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092254 CONFIDENTIAL SDNY_GM_00238438 EFTA01388605