ESG Initiatives and Development Overview

3.0 PORTFOLIO QUALITY HAS NEVER BEEN BETTER $2.5b of investment activity in 2019 to Q1 2022 FCR's portfolio demonstrated resilience through more than 12-months of mandated business closures and/or significant operating restrictions, and it continues to do so, with the recent 2021 and Q1 2022 results. 5km Average Household Income 2019 - Q1 2022 $ Amount 5km Average Population Acquisitions $523m 552,000 $143,000 Development Spend $436m 424,000 $128,000 Investment Total $959m 493,000 $136,000 Dispositions $1,537m (1) 159,000 $106,000 (1) Including the monetization of FCR's former partner's 50% interest in 2150 Lake Shore Boulevard W, Etobicoke for a net price of $100m (sale price, net of option exercise price) First Capital 19

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