Investor Presentaiton

PROVEN ANCHOR REPLACEMENT CAPABILITIES Anchor Redevelopment (Total Investment) ($ in millions) $70 8.5% 8.0% 8.0% $60 7.0% $50 $43 $40 $29 $30 $21 $17 $20 $10 3966 9% 8.5% 8.0% 7.0% $42 7.0% $45 7% 5% $28 3% $13 1% (1%) Asset Viewmont Mall Magnolia Mall Capital City Mall Valley Mall Willow Grove Park Moorestown Plymouth Meeting Dartmouth Old Anchor Sears Sears Sears Macy's Bon-Ton Sears JC Penney Macy's Macy's (3) Sears Dick's Sporting Goods Dick's Sporting Goods Dick's Sporting Goods New Tenants Field & Stream Home Goods Burlington HomeGoods Five Below HomeSense Fine Wine & Spirit Primanti Bros Blaze Pizza Belk One Life Fitness Tilt Studio Yard House Entertainment Venue Five Below Sierra Trading Stabilization 2018 2019 2020 2021 2023 Burlington Dick's Sporting Goods Miller's Ale House Edge Fitness Michael's Burlington ALDI 2021 2021 2022 PREIT 14

View entire presentation