ESG Initiatives and Development Overview

3.0 PREMIER PORTFOLIO HIGHEST RENTS IN SECTOR FCR's Q1 2022 base rent per square foot is 30% higher than peer group average 3.1% FCR Average rent growth 5 year CAGR 1.1% Peer Average rent growth 5 year CAGR $22.57 $20.27 $18.75 Q1 2022 Peer Group Average $17.32 Q1 2017 Peer Group Average $16.36 $15.49 $14.76 FIRST CAPITAL RIO CAN REAL VISION SOLID GROUND ■FCR $ Growth since Q1 2017 (1) Rates for Crombie and Choice are average expiring rent as in-place rent is not disclosed. (1) Crombie FCR Q1 2017 Base Rent Choice (1) Properties SMARTCENTRES $Growth since Q1 2017 Q1 2017 Base Rent First Capital 20

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