Bank of America Global Materials Conference Agustin Izquierdo Chief Financial Officer February 26th, 2026 Cautionary statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this presentation, the words "believe," "could," "int ...

Core Viewpoint - Kite Realty Group has successfully closed the sale of a portfolio of eight large-format power and community centers for gross proceeds of $429.0 million, which aligns with its long-term strategy to enhance its growth profile and cash flow resilience [1][4]. Group 1: Disposition Details - The portfolio sold includes eight properties with a total owned gross leasable area (GLA) of 2,120,722 square feet, featuring locations in major markets such as Oklahoma City, Waco, Daytona Beach, Charlotte, Phoenix, Houston, and Dallas/Fort Worth [2]. - Additionally, the company sold Paradise Valley Marketplace in Phoenix for gross proceeds of $45.0 million on November 20, 2025 [2]. Group 2: Use of Proceeds - Proceeds from these asset sales will be allocated towards 1031 acquisitions, share repurchases, debt reduction, and potentially a special dividend [3]. - Since the third quarter earnings call on October 30, 2025, the company has repurchased 3.8 million shares at an average price of $22.49 per share, totaling $86.1 million, and year-to-date, it has repurchased 7.2 million shares at an average price of $22.42 per share, amounting to $161.1 million, reflecting a 21.5% discount to the consensus net asset value per share as of December 5, 2025 [3]. Group 3: Strategic Implications - The CEO emphasized that the sale of larger-format assets is a strategic move to improve the company's growth profile, reduce exposure to at-risk tenancy, and enhance cash flow stability [4]. - The blended cap rate from these transactions is lower than the implied yield of the company's stock, presenting an opportunity for share repurchase [4]. - The company aims to maintain its net debt to EBITDA ratio in the low-to-mid 5.0x range while evaluating market conditions for deploying the remaining proceeds [4]. Group 4: Company Overview - Kite Realty Group is a real estate investment trust (REIT) focused on owning and operating open-air shopping centers and mixed-use assets, primarily grocery-anchored, located in high-growth Sun Belt and strategic gateway markets [5]. - As of September 30, 2025, the company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, totaling approximately 29.7 million square feet of gross leasable space [5]. - The company has over 60 years of experience in real estate development, construction, and operation, continuously optimizing its portfolio to maximize shareholder value [5].