p 10bps q/q to 1O% • Effective rent growth was down relative to last O to 1.9% y/y. Sias Jana Ea. Su Figure 54: YTD Shopping Center performance Lod WAIN Mown 9 3\ eett&tetit eiotnecit As of 10/14/16 Source Damn _n 'Figure 56: 2016 SS NOI growth similar to 1H level ax sic 4% g 3% 2 2% 1%