Investor Presentaiton

3.0 SOLID LONG TERM PERFORMANCE; RESILIENCY IN THE FACE OF SIGNIFICANT ADVERSITY Same Property NOI Growth 2.9% 8.0% 6.0% 10-year 4.0% pre-pandemic average (2010-2019) 2.0% 2.5% 5.7% 5.1% 3.0% 2.6% (2) 0.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD 2023 -2.0% -2.6% (1 13-year average, -4.0% including pandemic years (2010-2022) -6.0% -8.0% (1) Ex-COVID Same Property NOI growth of (2.6%) adjusts for bad debt expense increase and wage subsidy (2) Ex-COVID Same Property NOI growth of 2.6% adjusts for bad debt expense decrease and wage subsidy decrease -7.1% First Capital 16

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