18 October 2016 REITs US REIT 3016 Earnings Preview [Figure 59: EQY 3O16 results preview 97f Irk. FFO/sh Core Ff WA Osage/9S Total leasing vol‘me koredidasecl) Newlenng volume (comp • non-comp consd‘tated) Renewal leasing volume Icornefoited) Tees occoPoncv Icanokland apnea QM eh y/y ch Blended rent spread Stash. consolidated) New It Spread leash. ccosoldreix0 Renewal Spread loath consoldasadl SS ROI leash woMb y/se consoldated 04 today, Note consensus estimates are based on Thomsascompded data as of 0,14/16 Update on small shop occupancy (90.3% at 20) and FL in particular (89% at 2Q). SOW ASS SO 31 $O 33 ALS 800 290 311 966% lobe 120Iap 109% 63% 119% 47% 3014 Anal $O 34 S035 weal 516 213 303 963% 10130 70% 64% 73% 45% 3014 Meal OM $027 5033 Caen $034 Dbo weal 969% -38t0 321* ccerrnerced 2014 Pt. 30 Gab St $0 GM. CS Cans SI 26.5130 $1 29 51 36.5140 $1 39 $1 39 Ps 30 Gotha Pea MOS DU SSOcc960%•96 5% 9656% 571ap ilo% 3 25% .425% Updates on Serramonte • Update on Harvard Square and Westwood development plans. As of 20 at Westwood, EQY was in detailed sketch plan review process with hopes of entitlements and leasing to follow. • Any updates on the potential SIB of identified redevelopment opportunity in 12 of EQYs assets that were identified to backfill the pipeline over several years. • Update on 2 remaining Sports Authority locations to lease (Westbury Plaza and Plaza Escuela) • Incremental impact from Hurricane Matthew • Update on the acquisition and disposition market and any opportunities on the horizon (guidance calls for 'selective' acquisitions and 'ongoing one-off' sales of non-core assets). Sown onrct 6w*. armory cam. lnornsco Page 30 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092957 CONFIDENTIAL SDNY_GM_00239141 EFTA01388951