The merger with RPT Realty was completed on January 2, 2024, adding 56 open-air shopping centers and 13.3 million square feet of GLA to the company's portfolio. This strategic move increases the company's presence in key markets.

The company's strategy focuses on owning and operating open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. This strategy aims to create destinations for everyday living and deliver value to stakeholders.

The company has an ongoing program to redevelop and re-tenant its properties to maintain or enhance its competitive position in the marketplace. The company anticipates spending approximately $225.0 million to $275.0 million towards these efforts for the remainder of 2024.

The Company's management is focused on successfully integrating the operations of the combined company. This is a key priority for management.

The Company is actively marketing properties for sale as part of its select capital recycling program. This program is aimed at optimizing the company's portfolio and capital allocation.

The Company is actively managing lease expirations, with 9,275 leases in its consolidated operating portfolio. This requires proactive tenant engagement and strategic decision-making to optimize occupancy and rental rates.

The economy continues to face several issues including inflation risk, liquidity constraints, lack of qualified employees, tenant bankruptcies and supply chain disruptions, which could impact the Company and its tenants.

The Company's reliance on major tenants such as TJX Companies, The Home Depot, Ross Stores, Amazon/Whole Foods and Albertsons poses a risk if these tenants face financial difficulties.

The Company's failure to realize the expected benefits of the merger with RPT Realty could have a negative impact on the market price of the Company's common stock.

The Company's focus on grocery-anchored shopping centers and mixed-use assets provides a competitive advantage by catering to essential, necessity-based goods and services.

The Company is actively redeveloping and re-tenanting its properties to maintain or enhance its competitive position in the marketplace. This includes bringing in new tenants and improving the assets’ value.

The Company's portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities.

The Company is focused on managing operating expenses, including real estate taxes, operating and maintenance, and general and administrative expenses. This includes efforts to control costs and improve efficiency.

The company is managing leasing costs effectively, with estimated leasing costs associated with new leases at $50.26 per square foot.

The Company is actively managing its debt maturities and interest rate exposure. This includes repaying unsecured notes and entering into interest rate swap agreements.

The Company's Credit Facility is a green credit facility tied to sustainability metric targets, as described in the agreement. The interest rate on the Credit Facility as of March 31, 2024 was 6.19% after a two-basis point reduction was achieved.

The Company is actively pursuing the development of mixed-use commercial properties, including risks associated with the development, and ownership of non-retail real estate.

The Company is focused on increasing the value of its existing portfolio of properties by generating higher levels of portfolio growth.

The Company is focused on strategic investments, including acquisitions, redevelopments, and capital expenditures. These investments are aimed at increasing the value of the company's portfolio.

The Company is committed to maintaining strong debt metrics and its BBB+/Baa1 unsecured debt ratings. This includes managing debt maturities and interest rate exposure.

The Company expects to continue paying regular dividends to its stockholders. The Board of Directors will continue to evaluate the Company’s dividend policy on a quarterly basis.

The Company's Credit Facility is a green credit facility tied to sustainability metric targets, as described in the agreement. The interest rate on the Credit Facility as of March 31, 2024 was 6.19% after a two-basis point reduction was achieved.

The Company intends to maintain strong debt service coverage and fixed charge coverage ratios as part of its commitment to increase energy use and reduce energy costs.

The Company's Board of Directors is committed to continuing growth in desirable demographic areas with successful retailers, primarily focused on grocery anchors.

The Company is monitoring economic, financial, and social conditions and will assess its asset portfolio for any impairment indicators. This includes navigating inflation risk, liquidity constraints, and supply chain disruptions.

The Company recognizes the potential impact of e-commerce and other changes in consumer buying practices, and changing trends in the retail industry and perceptions by retailers or shoppers, including safety and convenience.

The Company recognizes changes in governmental laws and regulations, including, but not limited to, changes in data privacy, environmental (including climate change), safety and health laws, and management’s ability to estimate the impact of such changes.