ESG Initiatives and Development Overview

3.0 THRIVING NEIGHBOURHOODS - NORTH AMERICAN LEADER IN POPULATION DENSITY FCR Portfolio Demographic Metrics versus Peer Group: Q1 2022 (1) 300,000 150,000 140,000 $129,000 US $116,500 $115,000 FIRST CAPITAL FIRST CAPITAL Q1 2022 US Peers (2) CDN Peers (3) Q1 2022 US Peers (2) CDN Peers (3) 5 km Population As of March 31, 2022 (1) Source: Sitewise, Environics Analytics (2021 estimates) (2) US Peers include: Federal Realty and Regency Centers - Source: Company Reports (3) Canadian Peers include: Riocan, SmartCentres, Choice Properties (Retail only) 5 km Average Household Income Property portfolio based on 2021 AIF for SmartCentres and Choice Properties, Source: Company Reports, Sitewise, Environics Analytics First Capital 12

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