Three Months Ended September 30, 2026

Malls

Outlet Centers

Lifestyle Centers

Open-Air Centers

Total Reportable Segments

All Other (1)

Consolidation Adjustments (2)

Consolidated Total

Revenues (3)

$

125,862

$

8,668

$

13,023

$

12,637

$

160,190

$

4,491

$

(15,984

)

$

148,697

Property operating expenses (4)

(46,961

)

(3,100

)

(3,686

)

(2,572

)

(56,319

)

Interest and other income

5,386

11

10

178

5,585

Segment net operating income

$

84,287

$

5,579

$

9,347

$

10,243

109,456

All other segment net operating income (1)

4,773

Consolidation adjustments (2)

(10,578

)

Interest expense

(66,127

)

Gain on sales of real estate assets

5,394

Depreciation and amortization

(35,084

)

General and administrative expense

(14,204

)

Loss on deconsolidation

(107

)

Income tax benefit

1,076

Equity in earnings of unconsolidated affiliates

17,246

Net income

$

11,845

Three Months Ended September 30, 2025

Malls

Outlet Centers

Lifestyle Centers

Open-Air Centers

Total Reportable Segments

All Other (1)

Consolidation Adjustments (2)

Consolidated Total

Revenues (3)

$

115,876

$

8,659

$

12,750

$

15,155

$

152,440

$

7,745

$

(20,905

)

$

139,280

Property operating expenses (4)

(42,884

)

(3,279

)

(3,668

)

(3,243

)

(53,074

)

Interest and other income

43

13

37

169

262

Segment net operating income

$

73,035

$

5,393

$

9,119

$

12,081

99,628

All other segment net operating income (1)

8,901

Consolidation adjustments (2)

(15,949

)

Interest expense

(44,779

)

Gain on sales of real estate assets

51,228

Other

(45

)

Depreciation and amortization

(39,900

)

General and administrative expense

(17,787

)

Loss on impairment

(1,736

)

Gain on deconsolidation

33,851

Income tax provision

(48

)

Equity in earnings of unconsolidated affiliates

1,696

Net income

$

75,060

Nine Months Ended September 30, 2026

Malls

Outlet Centers

Lifestyle Centers

Open-Air Centers

Total Reportable Segments

All Other (1)

Consolidation Adjustments (2)

Consolidated Total

Revenues (3)

$

371,339

$

25,596

$

38,501

$

40,523

$

475,959

$

21,808

$

(56,623

)

$

441,144

Property operating expenses (4)

(139,281

)

(9,338

)

(10,588

)

(8,401

)

(167,608

)

Interest and other income

6,277

33

82

379

6,771

Segment net operating income

$

238,335

$

16,291

$

27,995

$

32,501

315,122

All other segment net operating income (1)

22,887

Consolidation adjustments (2)

(40,787

)

Interest expense

(148,742

)

Gain on sales of real estate assets

20,429

Other

30

Depreciation and amortization

(109,465

)

General and administrative expense

(47,573

)

Gain on deconsolidation

41,152

Income tax benefit

1,664

Equity in earnings of unconsolidated affiliates

49,834

Net income

$

104,551

Nine Months Ended September 30, 2025

Malls

Outlet Centers

Lifestyle Centers

Open-Air Centers

Total Reportable Segments

All Other (1)

Consolidation Adjustments (2)

Consolidated Total

Revenues (3)

$

345,992

$

25,782

$

37,561

$

51,022

$

460,357

$

24,004

$

(62,408

)

$

421,953

Property operating expenses (4)

(131,720

)

(9,786

)

(11,150

)

(10,685

)

(163,341

)

Interest and other income

351

38

95

509

993

Segment net operating income

$

214,623

$

16,034

$

26,506

$

40,846

298,009

All other segment net operating income (1)

27,433

Consolidation adjustments (2)

(47,614

)

Interest expense

(132,963

)

Other

(75

)

Gain on sales of real estate assets

74,099

Depreciation and amortization

(125,143

)

General and administrative expense

(53,682

)

Gain on deconsolidation

33,851

Loss on extinguishment of debt

(217

)

Loss on impairment

(3,193

)

Income tax benefit

54

Equity in earnings of unconsolidated affiliates

15,046

Net income

$

85,605