EFTA01388602.pdf

18 October 2016 REITs US REIT 3016 Earnings Preview Figure 58: DDR 3016 results preview DOR MN 2016 3Q16 2018 Eger. MOS Areal Actual Dge Coro Ms 30 Guide Peel 38 GSM Deo Cora FFO,sh 50 31 $0 33 $0 31 SI 23-SI 26 SI 25 Oprateg 5F0iSh SO 31 SO 33 $0 31 SO 31 SI 23 - Si 26 $1 25 $1 26 Opfer.Mega Met ACS Ansel Dee Pm 30 guider Poet 30 Guide Dee local Isasnq slums 11 00%1 2.877 2 349 New leasing volume loampenoncornp. 1C0941 693 430 Renewal lemeng wham* 1100%h 2.164 1 919 Occupancy Ipm-rata. commenced. 9420% 9440% 94 10% 94 60% 051 Ch .20bp 200p -3000 WY eh .7Ctsp 20bp •10119 sobp 8lenled rent spread Ipeo-rma. ugned. cash 79% 91% 100% commaxed 10 0% commenced New lease Spread 1pro-rata. maned. cash/ 123% 277% Renewal Spread dpianta. apnea cad 71% 70% SS NOI growth vilf Iwo-Nita cash, 32% 31% 2 5% 3 5% Note. consensus estimates are based on Thomson crumpled data as of 10/14/16 • Updated commentary from CEO, Tom August in terms of operations, structure and policies, and strategic vision. Timing and update on CFO search • Update on re/development opportunities with commentary in 2Q of potentially more available in the portfolio Update on additional sales from unwinding JVs and potential opportunities to purchase select assets Cap rate on the recently closed 16 property portfolio largely in Upstate NY for $390M Proforma the Upstate NY sale and 1H dispositions, DDR will have disposed of close to $700M YTD (FY guidance S600.800M). • Update on Sports Authority with 9 locations likely still to deal with post 20 end. • Update on strategy and conditions on the ground in Puerto Rico Swop/ Dear.le arm. convoy Met TheeWn Deutsche Bank Securities Inc. Page 29 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092249 CONFIDENTIAL SDNY_GM_00238433 EFTA01388602