Core Viewpoint - Simon Property Group will present at Citi's 2026 Global Property CEO Conference on March 3, 2026, at 3:35 p.m. Eastern Time, highlighting its role as a leading real estate investment trust in the retail sector [1] Group 1 - Simon Property Group is engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, positioning itself as a significant player in the real estate investment trust market [1] - The company is part of the S&P 100, indicating its prominence and stability within the industry [1] - Simon's properties across North America, Europe, and Asia serve as community gathering places, generating billions in annual sales [1]

Global Net Lease Fourth Quarter 2025 Investor Presentation Pictured: Home Depot in Lake Park, Georgia Forward Looking Statements This presentation contains statements that are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing, ability to consummate and consideration related to our anticipated acquisitions and dispositions, the intent, belief or current expectations of us, our operat ...

Investor Presentation February 2026 ELS owns and operates the highest quality portfolio of manufactured home ("MH") communities, recreational vehicle ("RV") resorts, campgrounds and marinas in North America S&P 400 Member 91% Revenue from Annual Sources $ 17.0B Enterprise Value(2) 144% Ten-Year Total Return(1) • 214% S&P 400 • 319% S&P 500 • 100% Dow Jones Equity ALL REIT Index 173,371Sites 35States 1 Canadian Province 453 Properties 14% Annualized Total Return since IPO(1) MH RV MARINA Notes: All data as o ...

Core Insights - The company has expanded its property portfolio significantly since its IPO in October 2024, adding 61 properties and increasing the asset base by nearly 30% [1] - The company emphasizes a real estate-first strategy, focusing on acquiring high-quality, diversified assets to mitigate risks associated with tenant turnover [2][4] - The company has demonstrated strong operational performance, achieving a high occupancy rate and effective asset management, which has led to increased shareholder value [3][14] Acquisition Strategy - The company highlighted a recent acquisition of a Seven Brew coffee shop in Jacksonville, Florida, which is part of its strategy to showcase quarterly acquisitions [1][5] - In Q4 2025, the company acquired seven properties for approximately $41.3 million at an average cap rate of 7.5% and a weighted average remaining lease term of about 13.1 years [2] - The company aims to continue acquiring assets with value-creation opportunities, expecting acquisition cap rates to settle around 7.5% in Q1 2026 [8] Disposition Strategy - The company sold 11 properties for $20.4 million in Q4 2025, with an average cash cap rate of approximately 6.82% [9] - For the full year, the company sold 36 properties for $78 million at an average cash cap rate of approximately 6.79% [10] - The company plans to optimize its portfolio further, expecting a decline in the pace of dispositions as most optimization occurred in 2025 [10][11] Financial Performance - The company reported an annualized base rent of $62.9 million, reflecting a net acquisition increase of $21 million for the quarter [19] - The annualized adjusted cash NOI was $61.3 million, indicating a 96% margin on the in-place portfolio, with expectations for margin expansion to 97% in 2026 [20] - AFFO per share for Q4 2025 was $0.31, with guidance for 2026 revised upwards to a range of $1.27 to $1.32, representing a 4% growth at the midpoint [23] Portfolio Management - The company maintains a diversified tenant base, with the top 10 tenants accounting for only 24% of annual base rent (ABR) [2] - The company has successfully re-leased properties that faced tenant bankruptcies, achieving significant rent increases and demonstrating effective asset management [3][14] - The company has a strong focus on acquiring properties in top retail locations, with a median Placer score of 26.8, placing them in the top third of retail locations [18] Capital Structure - The company has secured a $75 million convertible preferred investment to fund growth opportunities, with a low leverage ratio and a conservative balance sheet [9][22] - The company ended the quarter with $115.5 million outstanding on its revolving credit facility, with total available liquidity of $223 million [22] - Interest expenses have decreased due to amendments to credit facilities, resulting in a lower borrowing rate [21]

Financial Data and Key Metrics Changes - The company reported an AFFO per share of $0.31 for Q4 2025 and $1.25 for the full year, achieving the high end of guidance [23] - The company expects to revise its AFFO per share guidance for 2026 upwards to a range of $1.27-$1.32, representing a 4% growth at the midpoint and 6% at the high end [23][24] - The annualized adjusted cash NOI was $61.3 million, reflecting a 96% margin on the in-place portfolio, with expectations to expand to 97% in 2026 [20][24] Business Line Data and Key Metrics Changes - The company acquired seven properties for approximately $41.3 million in Q4 2025, with a weighted average remaining lease term of approximately 13.1 years [5] - In 2025, the company acquired 32 properties for approximately $124.1 million, with an average cash cap rate of 7.74% [5] - The company sold 11 properties for $20.4 million during Q4 2025, with an average cash cap rate of approximately 6.82% [11] Market Data and Key Metrics Changes - The company’s properties are located in retail nodes with average daily traffic exceeding 24,000 cars, with 78% located within the top 100 MSAs [18] - The average five-mile population around the properties is 184,000, indicating strong market presence [18] Company Strategy and Development Direction - The company focuses on a real estate-centric strategy, acquiring frontage-based assets in major retail nodes [3] - The company aims to build a best-in-class net lease REIT, differentiated by a real estate-first investment strategy [24] - The company plans to optimize its portfolio further, expecting a decline in the pace of dispositions as most optimization occurred in 2025 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company’s operational strength and financial resilience, stating it is better positioned than ever since going public [3] - The management highlighted the importance of portfolio performance and timing of acquisitions and dispositions in achieving the high end of AFFO guidance [26][27] - Management noted that the acquisition market remains open, with expectations for acquisition cap rates to settle around 7.5% in Q1 2026 [10] Other Important Information - The company ended the quarter with occupancy approaching 99%, with only four vacant assets [13] - The company has two tenants in bankruptcy, representing a combined 0.56% of ABR, and is actively working to maximize value through re-leasing [14][15] - The company has a low dividend payout ratio below 70% and a loan-to-value ratio of 34.5% [17][22] Q&A Session Summary Question: Can you help us understand the difference between the $1.32 and $1.27 AFFO guidance? - The difference is primarily based on portfolio performance and the timing of acquisitions and dispositions [26][27] Question: Have you received any outside interest given the persistent discount to NAV? - There has been quiet interest, but the company acknowledges the disconnect between stock price and NAV [28][29] Question: How do you prioritize initial yield versus contractual bumps and lease length in acquisitions? - The company focuses on location, market rent, credit, term, and escalations, with escalations averaging about 1.2% for the quarter [38][39] Question: What is the expected pace of deployment for acquisitions in 2026? - The company expects to deploy approximately $25 million net in Q1 and similar amounts in Q2, with potential for adjustments based on portfolio performance [80]

Financial Data and Key Metrics Changes - The company reported AFFO per share of $0.33 for Q4 2025, bringing the full year AFFO per share to $1.32, representing a growth of 13.8% for the year [8] - The company achieved acquisitions totaling $123.1 million in 2025, which was nearly $40 million above the midpoint of initial guidance [8] - The same-store cash NOI performance for 2025 was 8.9%, with guidance for 2026 indicating AFFO per share growth of 6.1% at the midpoint [9] Business Line Data and Key Metrics Changes - The company acquired 216 properties for $123 million in 2025, with a weighted average initial cash cap rate of 7.7% [16] - In Q4 2025, 65 properties were acquired for approximately $29.1 million at a 7.5% weighted average initial cash cap rate, adding about 142,000 net leasable interior square feet to the portfolio [16] Market Data and Key Metrics Changes - The company noted that lease expenses represent only 1.5% of the Postal Service's total operating expenses, highlighting the stability of the Postal Service's tenancy [7] - The Postal Service's new Postmaster General has initiated a competitive bidding process for last mile access, indicating a shift in the revenue model of the USPS [22][23] Company Strategy and Development Direction - The company plans to continue its acquisition strategy, focusing on properties that are day one accretive and provide meaningful growth over time [5] - The company aims to maintain a low leverage level, updating its target for net debt to adjusted EBITDA to below 6x [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong pipeline of acquisitions and the improved cost of capital, which is expected to enhance growth opportunities [20] - The company emphasized the importance of the Postal Service's consistent tenancy, especially during uncertain economic times [7] Other Important Information - The company ended the year with net debt to annualized adjusted EBITDA of 5.2 times, improving to 4.6 times after accounting for unsettled forward equity [11] - The company increased its dividend by 1% to $0.245 per quarter, continuing its track record of annual dividend increases since the IPO [13] Q&A Session Summary Question: Can you expand on the transaction market and what's stopping you from increasing acquisitions? - Management expressed confidence in the current pipeline, noting that initial guidance for the year is over 40% higher than the previous year, and they are in a strong position to grow acquisitions as the cost of capital improves [20] Question: What does the USPS's evolving revenue model mean? - Management explained that the new Postmaster General has opened a bidding process for last mile access, recognizing the value and revenue opportunity in that segment [22][23] Question: How has the improved cost of capital affected investment strategy? - Management confirmed that as the cost of capital improves, their ability to acquire properties also improves, maintaining a strategy of being day one accretive [27] Question: What is the expected outcome for lease renewals in 2027? - Management expects all leases to be renewed for the next couple of years, with a similar setup to 2026 [28] Question: Can you quantify the impact of lease structures on underwriting? - Management indicated that the initial cash cap rate and historical same-store NOI growth suggest a substantial unlevered IRR, estimated at 13%-14% [33]

Investor Presentation Real Estate Partner To The World's Leading Companies® February 2026 Presentation Roadmap | • | Who We Are.…………………………………………….. | 4 | | --- | --- | --- | | • | Stability by Design………………………………… | 9 | | • | The Competitive Moat……………………..……..… | 16 | | • | Scaling the Growth Engine…………………..……. | 22 | | • | Expanding Opportunity Set… | 30 | | • | The Shareholder Outcome…………………..……. | 33 | | • | Appendix… | 39 | Realty Income Investment Thesis Natural consolidator of corporate-owned real esta ...

Company Overview - Kite Realty Group (NYSE: KRG) is a real estate investment trust (REIT) that owns and operates a portfolio of open-air shopping centers and mixed-use destinations, primarily located in high-growth Sun Belt and strategic gateway markets [2] - As of December 31, 2025, the company owned interests in 169 U.S. open-air shopping centers and mixed-use assets, totaling approximately 27.3 million square feet of gross leasable space [2] - The company has over six decades of experience in real estate development, operation, and investment, focusing on enhancing portfolio quality and maximizing long-term value for stakeholders [2] Upcoming Events - Kite Realty Group will present at the Citi 2026 Global Property CEO Conference on March 2, 2026, at 11:40 a.m. EST [1] - The presentation will include the KRG Q4 2025 Investor Update, and a replay of the webcast will be available on the company's website after the conference [1]

Core Insights - The company expects its rent commencement pipeline to ramp up significantly, with nearly half expected to be recognized in 2026 and full recognition by 2027 [1][2] - The company achieved record leased occupancy of 95.9% at year-end and reported a 4.3% same-property NOI growth for its shopping centers in Q4 [6][7] - The company completed $166 million in investments for the full year 2025, with a weighted average initial cash yield of 9% [10] Leasing and Occupancy - In Q4, the company signed leases for 189,000 square feet, achieving a 31% cash rent increase on comparable leases [5] - The company resolved seven anchor spaces in 2025 totaling 177,000 square feet and expects a positive cash rent spread of approximately 60% from backfilling efforts [3][4] Acquisitions and Dispositions - The company acquired Pompano Citi Centre for $65.2 million, which was 92% occupied at the time of acquisition [8] - The company sold Shops at Legacy North for $78 million at a low 5% cash exit cap rate, allowing for reinvestment into higher-yielding opportunities [11] Financial Performance - Fourth-quarter Core FFO was reported at $15.8 million, up from $14.2 million year-over-year, with Core FFO per diluted share at $0.49 [14] - For the full year 2025, Core FFO was $60.5 million, an increase from $47.9 million in the prior year [15] Guidance and Future Outlook - The company issued initial full-year 2026 guidance for Core FFO per diluted share between $1.98 and $2.03, with expectations for improved same-property NOI growth as tenants begin paying rent [18][20] - The company has identified six outparcels for development, with expected investments averaging about $5 million each and low double-digit yields [13]

Supplemental Financial & Operating Information for the Quarter Ended December 31, 2025 | Nasdaq: GOOD Legal Disclaimer Forward-Looking Statements: This presentation may include forward-looking statements within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934. Forward-looking statements are typically identified by words such as "estimate," "may," "might," "believe," "will," "provided," "anticipate," "future," "could," "growth," "plan," "project," "intend," "expect," "should," ...