(1) Excludes EQY developments/redevelopments non-retail properties, land held, EQY joint ventures and DIM Vastgoed properties. NOI is Cash NOI and includes management fee expense.
(2) Figures calculated based on average per square foot sales, using last available year of sales and rent figures as of December 31, 2008. Major grocers include Publix, Kroger, Winn-Dixie, Supervalu, Albertsons, and Food Lion.
(3) Occupancy for EQY core portfolio excluding DIM. DIM’s reported occupancy as of June 30, 2009 was 91.9% as compared to 90.6% on March 31, 2009.
Our portfolio is focused on necessity-based consumer
spending.
2
• We are an owner and operator of grocer-anchored neighborhood shopping centers. As of June 30, 2009, 82% of our
NOI was derived from core properties that have a grocery store or drug store, one of the highest ratios in our sector. (1)
• Our grocers are productive and have below market rents:
– Our average major grocer generates sales of approximately $500/sf while paying an average rent of less than
$10/sf.(2)
– Our Publix stores generated sales of $584/sf in 2008.(2)
– Our Kroger stores generated sales of $398/sf in 2008.(2)
– Our Supervalu stores generated sales of $389/sf in 2008.(2)
• Our properties are primarily found in in-fill markets with healthy trade area demographics(1):
– Average population: 79,262
– Average household income: $71,721
• Our properties are well-located in mature trade areas. The average age of our core portfolio is nearly 23 years old and
we only own five centers that have been built in the last five years, representing less than 2% of our total annualized
base rent.
• Percentage rent accounts for less than 1% of our rental income.
• Occupancy as of June 30, 2009 was 90.7% compared to 91.5% as of March 31, 2009. (3)