ESG Initiatives and Development Overview
2.0 HIGHLIGHTS - Q1 2022 BALANCE SHEET, LIQUIDITY AND ASSET QUALITY
Maintaining a Strong Balance Sheet and Liquidity Position
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$655m of cash and undrawn credit facilities, as at March 31, 2022
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Unencumbered properties with an IFRS value of ~$7.5b (~74% of total assets)
$4.5m disposition in Q1 2022; $253m of investment properties HFS as at March 31, 2022
Enhancing Asset Quality
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Asset quality has never been higher due to extensive disposition program, new leasing activities, and
ongoing urban investments
Invested $65m in Q1 2022 in development and redevelopment, primarily in Toronto and Montreal
5km population is 300,000. Leader amongst North American peers
o 5km household income +22% from 2016 to $129k. Leader amongst Canadian peers
。 Average base rent +16% from 2016 to $22.57 psf. Leader amongst Canadian peers
First Capital
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