March 2023 Investor Presentation

Platform | Portfolio | Balance Sheet | Company Liquidity and Access to Capital Access to the full range of capital sources to fund commitments Capital Needs & Liquidity Ample liquidity to manage near-term capital needs Capital Needs: $97.7M through 20241 $34.6M of remaining development commitments $63.1M of debt maturities Existing Sources of Capital $789.1M of remaining capacity on revolving credit facility' Retained free cash flow Access to Capital Proven ability to access a variety of sources of capital Raised $6.4 billion since 2010 Common Equity: Raised $2.5 billion of net proceeds Unsecured Senior Notes: Raised $3.4 billion through ten unsecured senior note issuances " Credit Facility: $850 million revolving line of credit " Bank Debt: Raised $500 million in term loans (since repaid) Preferred Equity: Raised $77.5 million in preferred equity (since redeemed] 600,000 Debt Maturity Schedule¹ [000's) 550,000 500,000 450,000 404,300 350,000 400,000 300,000 336,573 200,000 60,900 30,817 32,269 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Secured Debt Unsecured Debt Unsecured revolving credit facility 1. As of December 31, 2022 22 22

View entire presentation