EX-99.2 3 tm2418991d1_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

GRAPHIC

SUCCESSFULLY EXECUTING DISPOSITION PLAN & USING THE SALE PROCEEDS TO REDUCE LEVERAGE Disposition Name Expected Closing # of Properties Disposition Price (in mm)(1) Cash Cap Rate(2) Wtd. Avg. Lease Term Remaining(3) Closed (As of 7/5/24): Truist Properties (ST Retail) Closed: Q1’24-Q2’24 20 $50.3 – – Shippensburg Marketplace (MT Retail) Closed: Q2’24 1 $6.6 – – Decatur Commons (MT Retail) Closed: Q2’24 1 $15.6 – – Americold (Industrial / Distribution) Closed: Q2’24 9 $170.0 – – Springfield Commons(4) (MT Retail) Closed: Q2’24 1 $16.5 – – Total Occupied Assets Closed 32 $259.1 7.5% 3.8 Years Total Vacant Assets Closed 23 $62.3 – – Total Closed (As of 7/5/24) 55 $321.4 7.5% 3.8 Years Signed PSA: Non-Refundable Deposit Q3’24 3 $145.9 6.9% 4.1 Years In Due-Diligence Q3’24 2 $27.7 6.1% 14.2 Years Total Occupied Assets Q3’24 5 $173.6 6.8% 5.7 Years Non-Refundable Deposit Q3’24 – Q4’24 4 $54.6 – – In Due-Diligence Q3’24 5 $9.3 – – Total Vacant Assets Q3’24 – Q4’24 9 $63.9 – – Total Signed PSA 14 $237.4 6.8% 5.7 Years Executed LOI: Occupied / Vacant Assets Q3’24 – Q4’24 70 $136.5 – – Total Executed LOI 70 $136.5 – – Total 2024 Dispositions To Date 139 $695.3 7.2% 4.4 Years Note: Data as of July 5, 2024. 1. Assumed Signed PSAs and executed LOIs lead to definitive sales on their contemplated terms, which is not assured. 2. Calculated as NOI divided by disposition price. 3. Weighted average remaining lease term in years is based on square feet as as of date of sale. 4. Represents a partial sale of the property.