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Investor Presentaiton

2024 Guidance Current Considerations Earnings per diluted share $2.72 -$2.94 NAREIT FFO per diluted share $6.65 $6.87 Growth over 2023 -1.5% - 5% Growth of 3% at the midpoint Key Assumptions Comparable POI growth Comparable POI growth excluding prior period rents and lease term fees Prior period rent collections Lease term fees Current 2% - 3.5% 2.5% - 4% $2 $3 million Vs. 2023 levels of $5 million - $4 $7 million Vs. net 2023 levels of $7 million Incremental redevelopment / expansion $9 $12 million POI Includes the expected additional POI to be recognized in 2024 compared to the amount recognized in 2023 from all of the redevelopments listed on pages 16 of our supplemental information document filed on Form 8-K on February 12, 2024. Does not include any additional POI from "Active Property Improvement Projects." G&A expenses Development / redevelopment capital $48 $52 million $100 $150 million Annual spend Capitalized Interest $18 $21 million Total credit reserve Dispositions acquisitions See appendix for reconciliation. 70 - 90 basis points No additional assumed in guidance Consists of bad debt expense, unexpected vacancy and tenant rent relief. More in line with pre-pandemic historical averages 4
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