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Investor Presentaiton

3.0 NEIGHBOURHOOD INVESTMENT STRATEGY Through the expertise and collaboration of our team, we create thriving properties which generate value for businesses, investors and our neighbourhoods. Thriving properties... Thriving neighbourhoods ⚫ Invest in high-quality, grocery anchored and mixed-use properties to build positions of scale in targeted super urban and top tier suburban neighbourhoods 。 Fully integrate retail with other uses, to create thriving urban neighbourhoods 。 Optimize the portfolio through active asset management and leasing Surface substantial unrecognized value in our density pipeline through the zoning, entitlement and development process Actively re-allocate our capital through the monetization of a portion of our growing pipeline of density entitlements and certain other assets where value-creation objectives have been achieved, with the re- deployment of this capital into more impactful initiatives Manage our balance sheet to maintain financial strength and flexibility and a competitive cost of capital First Capital 9
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