EFTA01388604.pdf

18 October 2016 REITs US REIT 3016 Earnings Preview [Figure 61: KIM 3016 results preview NM 3011 COM 9011 2011 WNW MIS Moat ACtal DIM Cos Pm XI WS Pat MUMS DU Com FFO'sn 50.40 50.38 SO 17 $0 18 5 1 34-S1 42 SI 38 SI 38 FFOIsh as adjusted SO 36 $0 37 S0 38 SI 48.51 62 SI 50 Oporeim Mills Ada MUNI Pro 10 Gals Post 30 GUM DIM lotal leasing volume (pro-rate. signed, 1 898 1 256 New leasing oolume who • nOrsiOmP. OrOrate signed/ 604 532 Renewal leasing volume Iporata signed. 1 294 724 Total occuomm momta, mined 9540% 9590% 9560% 96 85% sYcl ch -10bp 50bp -30to Me ch 1000 4000 2000 45bo Blended SS US rent spread leash prorate. mined) 106% 16.2% 5 0% commenced 8 4% commenced SS US new lease spread leash, pro-rata. signe0, 28.6% 29.8% SS US renewal spread lush prorate mom. 62% 107% US 5$ NOI grtnyth yea 'Cash PrOrata. incl redeye, 24% 3I % 2 516-3 5% Note' consensus 030118tOS are based on Thomson compiled data as of 10,4/16 • Update on Sports Authority exposure with previously commentary of 22 remaining boxes to release as of 2Q • Commentary regarding investment market conditions - demand, buye make up, cap rate trends. KIM has disposed of -$920M YTD (2016 guidance of 51-1.158) at share and acquired $452MM (2016 guidance of S450- $550M) Update on conditions in Puerto Rico (-3% of ABR) with previous commentary of sales volume and traffic holding up. • Albertson update Update on -$900M active re/development pipeline with expected incremental returns of 8.13% and opportunities to backfill • Talk about the potential redevelopment opportunity at recent Gateway Shopping Center acquisition in the Seattle metro • Thoughts on Amazon's continued push into grocery SOUr it path?* BOA, co-werrame Marts» Page 32 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092252 CONFIDENTIAL SDNY_GM_00238436 EFTA01388604