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Investor Presentaiton

Best-in-Class Demographics → In a landscape marked by cautious consumer spending, FRT's targeted investment on high-income markets not only differentiates us but also anchors our portfolio in unparalleled stability and potential. → Our strategic emphasis, highlighted by an average aggregate income of $10.4 billion within a three-mile radius,(1) ensures resilience and growth amid economic shifts. Income matters in an inflationary environment MEDIAN HOUSEHOLD INCOME (3-MILE) $115,000 $110,000 $105,000 $100,000 $95,000 $90,000 $85,000 • PECO $80,000 • BRX $75,000 • REG KIM • KRG • FRT $70,000 500 700 900 1,100 1,300 1,500 1,700 1,900 2,100 HOUSEHOLDS PER SQUARE MILE 2,300 2,500 (1) ESRI as of September 2023. Defined as average household income multiped by number of households. 3-mile radius. Source: BofA Global Research 5/12/23 5
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