Brixmor Property Group

Investor Presentation

Quarter Ended March 31, 2021

Beneva Village Shoppes | Sarasota, Florida

Brixmor Overview

High quality, diversified, open-air retail portfolio

  • One of the largest open-air retail landlords in the US
  1. Nationally diversified portfolio of 389 shopping centers spanning 130 discrete MSAs
    1. ~5,000 national, regional and local tenants
  • Focus on properties that are the "centers of the communities we serve" and well-positioned to meet the needs of today's consumer
    1. Thoughtfully merchandised with non-discretionary essential and value-oriented retail
      • ~70% of centers are grocery-anchored
  1. Convenient locations in close proximity to households, effectively serving as last mile distribution
    • Drive-upformat easily enables click-and-collect or curbside pickup

Flexible Retail Format 1

75%

13% Power center

Community /

11% Grocery-anchored

Neighborhood center

regional center

1% Other

Portfolio Quick Facts

Number of shopping centers

389

GLA

68M SF

Average shopping center size

176K SF

Percent billed

87.8%

Percent leased

90.8%

Percent leased - Anchors / Small shops 2

93.8% / 84.2%

Average grocer sales PSF 3

~$600

Average grocer occupancy cost 3

< 2%

Leading landlord to vibrant retailers

Top Retailers by ABR

Stores

% of ABR

% of GLA

87

3.5%

3.9%

49

2.8%

4.8%

125

1.8%

2.1%

30

1.8%

2.2%

29

1.4%

1.9%

38

1.4%

1.5%

15

1.3%

0.9%

20

1.3%

1.6%

14

1.1%

1.2%

26

1.0%

0.9%

Top 10 Total

433

17.4%

21.0%

Page 2

Positioned To Drive Sustainable Outperformance

Positioned To Drive Sustainable Outperformance

Cycle-tested portfolio and optimized platform

Actions taken over last five years have positioned Brixmor to navigate today's dynamic environment and continue to create value for stakeholders

Pre-COVID

COVID and Recovery

2016

  • Management transition completed
  • Balanced business plan and strategy established
    • Acceleration of value-enhancing reinvestment activity and prudent capital recycling

2019

  • Growth inflected in mid-2019 as the reinvestment program became a net contributor to growth
    • 4Q19 same property NOI of 5.1%

2020 and beyond

  • Brixmor outperformed throughout the disruption due to inherent portfolio strengths and proactive improvements made to the portfolio and platform since 2016

•

Sector leading rent collection levels

•

Continued execution of value-enhancing

•

Muted net occupancy impact

reinvestment activity

Robust liquidity and financial capacity

•

Portfolio and Platform Transformation 2016 - Today

Rationalized portfolio

Accelerated value-enhancing

Increased exposure to

Strengthened balance

footprint

reinvestments

thriving tenants

sheet

$1.9B

>$550M

9.6M SF

$1.6B

of dispositions over the

of accretive reinvestment projects

of new anchor leases executed

of available liquidity

last five years

stabilized over the last five years1

over the last five years

Page 4

Positioned To Drive Sustainable Outperformance

Brixmor is well-positioned to capitalize on the recovery

12

3

Well-located,open-air portfolio benefits from the acceleration of pre-COVID trends

Best-in-class platform capitalizes on attractive rent basis and delivers sector leading leasing productivity

Accretive reinvestment program drives substantial value creation

4

5

Disciplined capital allocation

Highly liquid and flexible

delivers attractive risk-

balance sheet supports

adjusted growth

continued execution

6

Strength of our culture, people, and commitment to ESG excellence benefits all stakeholders

Page 5

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Disclaimer

Brixmor Property Group Inc. published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 20:20:06 UTC.