IR October 2O16
IR October 2O16
REITs
US REIT 3016 Earnings Preview
TIP
1+0/'Operating FFO/sh
Open*, Mitts
Total leasing volume !prorate)
New leasing volume (comp • non-octnpi
Renewal leasing volume
Tote cccupancy /commenced. conseschuor
ash
VA, Ch
Deeded rent spread lorcorata)
New lease Spread loto-retal
Renewal Sorted fix0-retai
5 NOI growth yN (cash consolidated]
Note consensus estimates are based on Thom an compiled data as ce 10/14/16
• Update on disposition progress ($600-700M FY guidance). As of early August, RPAI had closed or was under
contract for -$414M. 3015
Must
SO 23
SO 2/
Acts
666
204
412
931%
101,0
-soon
9 4%
196%
7 3%
2 0% 2016
Aobal
50 31
50 28
Aahs
920
339
,91
936%
601:6
81%
163%
69%
4 2% 31116
50 25 Die
50 76 50 26 Actual
Acts
937%
14bp
6460
7 5% 2016
Pro 30 Gude
SI 11.51 14
5104.5107
We 312 Gude Pest 30 Guido Me Cone
$1 06 $1 07
Peat 30 Guido
943%
7 3%
•2009S to 350%
• Update on the Rite Aid (RAD: DB Hold rated, USD7.06, by George Hill) portfolio sales.
• Update on leasing remaining space at the Zurich asset
• Update on Sports Authority exposure and releasing progress. As of 2O, Dicks (DKS: DB Buy rated, USD54.46 by
Mike Baker) had assumed right of 1 store and was expected to assume the lease, 1 has been released and 1 is
part of a redevelopment. 7 other stores remain to be released with 4 in active negotiation.
• Current acquisition and sales environment commentary
• Staples/Office Depot plans
• One Loudoun acquisition commentary and incremental detail on longer term plans at the asset
Sovc• bunch. Bent carpet. dad. MOIFIKVI
Page 34 Deutsche Bank Securities Inc.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092254
CONFIDENTIAL SDNY_GM_00238438 DB• Can
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