A summary of RioCan s 2013 transfers to income properties from development projects is as follows:

DISPOSITIONS DURING 2013 Dispositions During 2013 Canadian Disposition Activity As a further means of raising and re-cycling capital, the Trust evaluates the sale of selected assets as part of a process of actively managing the portfolio and a means of increasing the portfolio weighting to the urban markets in Canada. During the three months ended September 30, 2013, RioCan completed dispositions of three income properties aggregating $16 million, comprised of approximately 311,000 square feet. During the nine months ended September 30, 2013, RioCan completed dispositions of eight income properties aggregating $390 million, comprised of approximately 2.0 million square feet. DEVELOPMENT ACTIVITIES Development Activities in 2013 During the three months ended September 30, 2013, RioCan transferred from properties under development to income producing properties $53 million in costs pertaining to 462,000 square feet of completed greenfield development or expansion and redevelopment projects. For the nine months ended September 30, 2013, RioCan transferred $92 million in costs pertaining to 583,000 square feet. A summary of 2013 transfers to income properties from development projects is as follows: NLA (in thousands of square feet) at Interest Property location ownership 2013 Third quarter Second quarter First quarter NLA at 100% Tenants Centre St. Martin, Laval, QC 100% 45 45 - - 45 Gold s Gym, Restaurant Nuits de Beyrouth East Court Mall, Cornwall, ON 100% 91 91 - - 91 No Frills, Ardene, Dollarama, Urban Planet Five Points Shopping Centre, Oshawa, Ontario 100% 108 108 - - 108 Target Retrofit and Expansion, Burger King Galeries Laurentides, St.-Jerome, QC 100% 78 78 - - 78 Maxi, Urban Planet RioCan Greenfield, Greenfield Park, QC 50% 3 3 - - 5 National Bank RioCan West Ridge, Orillia, ON 100% 65 - - 65 65 Big Lots, Sears South Hamilton Square, Hamilton, ON 100% 87 87 - - 87 Target Retrofit and Expansion, Burger King Timmins Square, Timmins, ON 30% 13 13 - - 44 Urban Planet Herongate Mall, Ottawa, ON 75% 47 - - 47 63 Food Basics, PharmaPlus, BNS, Dentist, Barbershop, Subway Meadow Ridge Plaza, Ajax, ON 20% 7-7 - 34 Good Life, Dollarama Southbank Centre, Okotoks, AB 50% 2 - - 2 5 Sleep Country Canada The Stockyards, Toronto, ON 25% 37 37 - - 147 Target 583 462 7 114 772 27 Third Quarter 2013 Supplemental Information Package

A summary of 2012 transfers to income properties from development projects is as follows: NLA (in thousands of square feet) at Interest Property location ownership Fourth quarter 2012 Third quarter Second quarter First quarter NLA at 100% Tenants transferred to IPP 404 Town Centre, Newmarket, ON 50% 10 - - 10-21 Shoppers Drug Mart Cambrian Mall, Sault Ste. Marie, ON 100% 5 5 - - - 5 Shoppers Drug Mart Expansion Carrefour Neufchatel, Neufchatel, QC 100% 141 13 44-84 141 Urban Planet, Gold s Gym, Staples, Winners, Bouclair, Ardene, Yellow, Dollarama Lincoln Square, Arlington, TX 100% 27-27 - - 27 Michaels, Ultra Place Newman, LaSalle, QC 100% 3 3 - - - 3 Wendy s Quartier 10/30, Brossard, QC 50% 8 8 - - - 17 Cineplex Expansion RioCan Hall, Toronto, ON 100% 36-36 - - 36 Marshalls RioCan Scarborough Centre, Toronto, ON 100% 118-111 7-118 LA Fitness, Oriental Grocer, Structube Shoppers World Brampton, Brampton, ON 100% 81-81 - - 81 Winners, Bulk Barn, Bad Boy, Carter s, Imperial Buffet Yonge Eglinton Centre, Toronto, ON 100% 13 - - - 13 13 Urban Outfitters College & Manning, Toronto, ON 50% 28 28 - - - 56 Office Building Corbett Centre, Fredericton, NB 100% 46 33 13 - - 46 Bouclair, Carter s, Bed Bath & Beyond, St Hubert, The Gap Flamborough Walmart Centre, Waterdown, ON 100% 33 18 15 - - 33 Block C4 (17,800 sqft), Staples Grant Crossing, Ottawa, ON 60% 15 - - - 15 25 Bed Bath & Beyond March Road, Ottawa, ON 50% 3 - - 3-5 Starbucks, National Bank Meadow Ridge Plaza, Ajax, ON 20% 2-2 - - 10 Bulk Barn,Subway, Nails Shop, Hair Salon, Dentist, Hakim Optical Southbank Centre, Okotoks, AB 50% 4 4 - - - 8 Block D3 (8,400 sqft) 573 112 329 20 112 645 DEVELOPMENT PIPELINE SUMMARY The fair market value of properties under development at September 30, 2013 is $541 million (September 30, 2012-$389 million), which includes costs of $520 million (September 30, 2012-$366 million) and a fair value increment of $21 million (September 30, 2012-$23 million). As at September 30, 2013, greenfield development and urban intensification pipeline will, upon completion, comprise approximately 10 million square feet, of which ownership will be approximately 5 million square feet which includes approximately 0.9 million square feet which is already income producing. 28 Third Quarter 2013 Supplemental Information Package

The following table represents the components of properties under development by development type and status as of September 30, 2013 and 2012: As at September 30, 2013 Active Committed Non-committed Non-active Comprised of: Greenfield Development $ 214 $ 56 $ - $ 270 Urban Intensification 23 100-123 Expansion and Redevelopment 71 25-96 Excess Density - - 41 41 Other - - 11 11 $ 308 $ 181 $ 52 $ 541 including earnouts and other As at September 30, 2012 Active Committed Non-committed Non-active Comprised of: Greenfield Development $ 164 $ 53 $ - $ 217 Urban Intensification 11 46-57 Expansion and Redevelopment 35 29-64 Excess Density - - 42 42 Other - - 9 9 $ 210 $ 128 $ 51 $ 389 including earnouts and other Definitions Greenfield Development - vacant land located in suburban markets. Urban Intensification - development or redevelopment projects located in urban markets. Expansion and Redevelopment - projects that will improve the property through demolition, renovation and/or the addition of density. Excess Density - leasable area identified and available for future development if and when market demand exists. Active Committed - a property where the pro forma budget has been approved, all major planning issues have been resolved, tenants have been secured and construction is about to start or has started. Active Non - committed - a property where the development team is creating the pro forma budget, all planning issues are being resolved, the leasing team is in the process of securing tenants, but construction has not started. Non - active - a property that has future development potential 29 Third Quarter 2013 Supplemental Information Package

Estimated Spending Summary by Development Category - Active Projects (in millions of dollars) 2013 2014 2015 FD* Greenfield Development $ 23.6 $ 53.0 $ 10.7 $ 273.9 $ 361.2 Urban Intensification 1.6 4.9 18.8 407.8 $ 433.1 Expansion & Redevelopment 29.9 75.6 75.3 180.8 Construction Expenditures 55.1 133.5 104.8 681.7 975.1 Construction Financing (1.8) (8.9) (3.5) (497.2) (511.4) Mezzanine Financing 6.3 3.9 0.2 46.8 57.2 RioCan Financing Requirements $ 59.6 $ 128.5 $ 101.5 $ 231.3 $ 520.9 * Future Development projected costs from 2016 to 2019 to build NLA not leased The NLA of development pipeline expected to be completed by year, as at September 30, 2013 is as follows: (in millions of square feet) NLA 100% NLA RioCan% IPP 2013 2014 2015 2016+ Greenfield Development 7.2 3.3 0.8 0.6 0.6 1.3 Urban Intensification 3.1 1.5 0.1 0.1 1.3 Sub-total 10.3 4.8 0.9 0.6 0.7 2.6 Expansion & Redevelopment 1.4 1.0 0.1 0.4 0.4 0.1 11.7 5.8 0.9 0.1 1.0 1.1 2.7 Phases of the development pipeline that are currently income producing. The development (including expansions and redevelopment projects) pipeline NLA expected to be completed by year, as at September 30, 2013 is as follows: 1200 1000 800 600 NLA - thousands of Square feet 400 200 0 2013 2014 2015 2016 2017 2018 2019 Committed *subject to preleasing and market conditions Non-committed 30 Third Quarter 2013 Supplemental Information Package

Highlights of greenfield developments pipeline as at September 30, 2013, are as follows: Estimated square feet upon completion of the development project Anticipated date of development completion (thousands of square feet) % ownership Partners Anchors estimated development Retailer owned anchors Partners s leasing activity (ii) % Leased Current development Potential future developments Greenfield Development Properties: Corbett Centre, Fredericton, NB 100% Home Depot, Costco, Winners East Hills, Calgary, AB* 30% CPP / Trinity / Sidorski / Tristar Walmart, Empire Theatres 464 242 222 178 80% Q3 2014 2015 1,110 159 286 665 211 22% Q3 2014 2016 Eglinton Avenue & Warden Avenue, Toronto, ON 100% Target 169 169 157 93% Q2 2014 2015 Flamborough Power Centre, Hamilton, ON 100% Target 267 267 187 70% 2015 Grant Crossing, Ottawa, ON Herongate Mall, Ottawa, ON McCall Landing, Calgary, AB* RioCan Centre Belcourt, Ottawa, ON RioCan Centre Vaughan, Vaughan, ON Ph 2 & 3* 60% Trinity / Shenkman Lowe s, Winners 399 128 162 109 223 82% Q2 2014 2015 75% Trinity Food Basics 186 139 47 89 48% 2015 25% CPP / 862 182 170 510 0% 2015(iii) Trinity 60% Trinity / Shenkman 31.25% Trinity / Strathallan Sage Hill, Calgary, AB* 50% Kingsett Walmart/ Loblaws Southbank Centre, Okotoks, AB Tanger Outlets Kanata, Kanata, ON* The Stockyards, Toronto, ON* 50% Trinity / Tristar Lowe s, Food Basics 405 142 158 105 257 98% Q2 2014 2014 261 82 179 0% 2015 Home Depot, Costco, Winners 386 193 193 276 72% 2015 421 276 73 72 143 99% Q2 2014 2014 50% Tanger 357 179 178 83 23% Q3 2014 2015 25% CPP / Trinity Target, Marshalls, HomeSense 551 138 413 435 79% Q2 2014 2014 Westney Road & Taunton Road, Ajax, ON 20% Sunlife Sobeys 174 34 140 112 64% Q2 2014 2015 Greenfield Developments Committed 6,012 1,129 2,272 2,611 2,351 48% Windfield Farms, Oshawa, ON* 100% 1,217 156 1,061 0% 2016(iii) Greenfield Developments-Non Committed 1,217 156 1,061 0% Greenfield Developments 7,229 1,285 3,333 2,611 2,351 40% Retailer owned anchors include both completed and contemplated sales. (ii) Leasing activity includes leasing that is conditional on receiving municipal approvals and meeting construction deadlines. (iii) The first phases are expected to be substantially complete by the dates indicated. * Property represents one of 15 properties under development. 31 Third Quarter 2013 Supplemental Information Package

Acquisition and development expenditures incurred to date Estimated remaining construction expenditures to complete (thousands of dollars) Estimated project % ownership cost (100%) Amount included in IPP Amount included in PUD Partners Partners Greenfield Development Properties: Corbett Centre, Fredericton, NB 100% $ 44,641 $ 32,260 $ 2,391 $ 34,651 $ $ 34,651 $ 9,990 $ $ 9,990 East Hills, Calgary, AB 30% 213,226 42,779 42,779 83,092 125,871 26,207 61,148 87,355 Eglinton Avenue & Warden Avenue, Toronto, ON 100% 45,178 35,718 4,353 40,071 40,071 5,107 5,107 Flamborough Power Centre, Hamilton, ON 100% 56,431 30,903 6,919 37,822 37,822 18,609 18,609 Grant Crossing, Ottawa, ON 60% 71,971 30,175 6,805 36,980 23,394 60,374 6,958 4,639 11,597 Herongate Mall, Ottawa, ON 75% 49,415 12,077 9,821 21,898 6,864 28,762 15,490 5,163 20,653 McCall Landing, Calgary, AB 25% 157,685 16,089 16,089 36,194 52,283 26,351 79,051 105,402 RioCan Centre Belcourt, Ottawa, ON 60% 59,262 23,983 8,853 32,836 20,836 53,672 3,354 2,236 5,590 RioCan Centre Vaughan, Vaughan, ON Ph 2 & 3 31.25% 80,463 10,240 10,240 25,511 35,751 13,973 30,739 44,712 Sage Hill, Calgary, AB 50% 100,864 17,709 17,709 17,084 34,793 33,036 33,035 66,071 Southbank Centre, Okotoks, AB 50% 36,302 12,416 5,624 18,040 16,244 34,284 1,009 1,009 2,018 Tanger Outlets Kanata, Kanata, ON 50% 119,502 48 20,494 20,542 20,131 40,673 39,415 39,414 78,829 The Stockyards, Toronto, ON 25% 182,786 9,832 28,692 38,524 103,109 141,633 10,288 30,865 41,153 Westney Road & Taunton Road, Ajax, ON 20% 52,883 6,665 2,359 9,024 30,539 39,563 2,664 10,656 13,320 Greenfield Developments Committed 1,270,609 194,077 183,128 377,205 382,998 760,203 212,451 297,955 510,406 Windfield Farms, Oshawa, ON 100% 198,165 49,415 49,415 49,415 148,750 148,750 Greenfield Developments Non-Committed 198,165 49,415 49,415 49,415 148,750 148,750 Fair value adjustments 37,505 37,505 37,505 Greenfield Developments $ 1,468,774 $ 194,077 $ 270,048 $ 464,125 $ 382,998 $ 847,123 $ 361,201 $297,955 $ 659,156 Proceeds from sale to shadow anchors reduce projected cost. 32 Third Quarter 2013 Supplemental Information Package

(thousands of dollars) % ownership Estimated remaining development activity to be funded by RioCan 2013 2014 2015 & Thereafter Future Development Mezzanine Mezzanine Mezzanine Mezzanine Greenfield Development Properties: Corbett Centre, Fredericton, NB 100% $ 77 $ $ 3,460 $ $ $ $ 6,453 $ East Hills, Calgary, AB 30% 3,693 2,000 2,793 1,513 1,931 1,046 17,790 9,636 Eglinton Avenue & Warden Avenue, Toronto, ON 100% 134 2,781 2,192 Flamborough Power Centre, Hamilton, ON 100% 86 350 1,913 16,260 Grant Crossing, Ottawa, ON 60% 1,093 729 457 304 5,408 3,605 Herongate Mall, Ottawa, ON 75% 2,056 685 1,262 421 12,172 4,057 McCall Landing, Calgary, AB 25% 1,293 1,293 636 636 651 651 23,770 23,770 RioCan Centre Belcourt, Ottawa, ON 60% 1,507 1,005 790 527 1,057 705 RioCan Centre Vaughan, Vaughan, ON Ph 2 & 3 31.25% 104 62 416 249 13,453 8,072 Sage Hill, Calgary, AB 50% 335 871 915 30,915 Southbank Centre, Okotoks, AB 50% 940 470 68 34 Tanger Outlets Kanata, Kanata, ON 50% 9,752 28,058 1,605 The Stockyards, Toronto, ON 25% 1,774 1,774 8,514 8,514 Westney Road & Taunton Road, Ajax, ON 20% 36 50 2,578 Greenfield Developments Committed 22,880 8,018 50,506 12,198 5,410 1,697 133,653 49,845 Windfield Farms, Oshawa, ON 100% 767 2,509 5,269 140,203 Greenfield Developments Non Committed 767 2,509 5,269 140,203 Greenfield Developments 23,647 8,018 53,015 12,198 10,679 1,697 273,856 49,845 Third party (1,774) (1,774) (8,949) (8,514) (3,496) (1,697) (214,735) (37,772) RioCan funded development activity net of third party $ 21,873 $ 6,244 $ 44,066 $ 3,684 $ 7,183 $ $ 59,121 $ 12,073 Development RioCan and partners Third party RioCan (thousands of dollars) % ownership in place Advanced to date Remaining to be advanced RioCan on behalf of partners RioCan funded Partners Greenfield Development Properties: Corbett Centre, Fredericton, NB 100% $ $ $ $ 9,990 $ $ 9,990 $ $ 9,990 East Hills, Calgary, AB 30% 26,208 14,195 40,403 46,953 87,356 Eglinton Avenue & Warden Avenue, Toronto, ON 100% 5,107 5,107 5,107 Flamborough Power Centre, Hamilton, ON 100% 18,610 18,610 18,610 Grant Crossing, Ottawa, ON 60% 6,959 4,638 11,597 11,597 Herongate Mall, Ottawa, ON 75% 15,490 5,163 20,653 20,653 McCall Landing, Calgary, AB 25% 26,350 26,351 52,701 52,701 105,402 RioCan Centre Belcourt, Ottawa, ON 60% 3,354 2,236 5,590 5,590 RioCan Centre Vaughan, Vaughan, ON Ph 2 & 3 31.25% 13,972 8,384 22,356 22,356 44,712 Sage Hill, Calgary, AB 50% 33,036 33,036 33,035 66,071 Southbank Centre, Okotoks, AB 50% 1,010 504 1,514 504 2,018 Tanger Outlets Kanata, Kanata, ON 50% 39,414 39,414 39,415 78,829 The Stockyards, Toronto, ON 25% 110,000 81,966 28,034 Westney Road & Taunton Road, Ajax, ON 20% 2,664 2,664 10,656 13,320 Greenfield Developments Committed 110,000 81,966 28,034 202,164 61,471 263,635 205,620 469,255 Windfield Farms, Oshawa, ON 100% 148,750 148,750 148,750 Greenfield Developments Non-Committed 148,750 148,750 148,750 Greenfield Developments $ 110,000 $ 81,966 $ 28,034 $ 350,914 $ 61,471 $ 412,385 $ 205,620 $ 618,005 33 Third Quarter 2013 Supplemental Information Package

A summary of significant Greenfield Development projects currently underway are as follows: Corbett Centre Fredericton, New Brunswick This 26 acre site, acquired by way of a 66-year long-term lease, is currently being developed into a 464,000 square foot new format retail centre. The site is anchored by Home Depot, which owns its own store and operates as part of the overall site. A Costco, which also owns its own store, commenced operations in the third quarter of 2011. RioCan purchased Trinity s in the property in the second quarter of 2010. A 19,000 square foot Homesense will be developed in 2014. East Hills Calgary, Alberta This 148 acre site is currently being developed into a 1.1 million square foot regional new format retail centre. The East Hills development is planned in three phases. The site will be anchored by a 134,000 square foot Walmart that is scheduled to open in the first quarter of 2014. Eglinton Avenue and Warden Avenue Located at the northeast corner of Eglinton Avenue East and Warden Avenue, the site is currently being developed into a 169,000 square foot new format retail centre anchored by a 116,000 square foot Target. A 23,000 square foot Petsmart and a 5,000 square foot TD Bank commenced operations in the fourth quarter of 2010. A 6,500 square foot Structube commenced operations in the third quarter of 2012. An additional 19,500 square feet of retail space will be developed at the property including 6,000 square feet scheduled to be developed in 2014. Flamborough Power Centre Flamborough, Ontario This 25-acre site is currently being developed into a 267,000 square foot new format retail centre. The site is anchored by a 116,000 square foot Target store that commenced operations in the first quarter of 2013. An additional 80,000 square feet of retail space will be developed at the property. Grant Crossing Ottawa, Ontario This 33 acre site is currently being developed into a 399,000 square foot new format retail centre as a joint venture with Trinity and Shenkman Corporation. The site is anchored by a 128,000 square foot Lowe s that commenced operations in the first quarter of 2011. Lowe s owns its own store which operates as part of the overall site. A 31,000 square foot Winners, a 26,000 square foot Homesense and a 22,000 square foot Michael s commenced operations in the fourth quarter of 2010. 8,000 square feet of new CRU space will commence operations in late-2013 and early-2014 and an 18,000 square foot JYSK and a 10,000 square foot Dollarama are scheduled to be developed in 2014. Herongate Mall Ottawa, Ontario This 16 acre site consisted of a 196,000 square foot enclosed mall when the property was acquired in 2011. The majority of the original building was demolished in two stages in 2012 and 2013 and the property will be redeveloped into a 186,000 square foot new format retail centre. The site will be anchored by a 42,000 square foot Food Basics. A 12,000 square foot Pharma Plus commenced operations in April 2013. A 12,000 square foot Petsmart and a 10,000 square foot Dollarama are scheduled to be developed in 2014. The site will be developed with Trinity. ownership in the property is 75%. McCall Landing Calgary, Alberta McCall Landing, located at 36th Street NE and Country Hills Bouelvard NE in Calgary, is a 105 acre development that will consist predominately of new format retail. Upon completion, the development is expected to feature approximately 862,000 square feet of retail space. RioCan Centre Belcourt Ottawa, Ontario This 39 acre site is currently being developed into a 405,000 square foot new format retail centre as a joint venture with Trinity and Shenkman Corporation. The site is anchored by a 142,000 square foot Lowe s that commenced operations in the fourth quarter of 2009. Lowe s owns its own store which operates as part of the overall site. In addition, a 41,000 square foot Empire Theatres commenced operations in December 2009 and a 35,000 square foot Food Basics commenced operations in October 2011. A 45,000 square foot Toys R Us is currently under development and is scheduled to open in the second quarter of 2014. RioCan Centre Vaughan Vaughan, Ontario This 54 acre site is currently being developed into a 523,000 square foot new format retail centre that is anchored by a 213,000 square foot Walmart Supercentre that opened in the first quarter of 2009. The site is being developed with partners, Trinity and Strathallen Capital Corporation. RioCan purchased Trinity and Strathallen Capital Corporation s s in phase one of the property in September 2009. Phase one of the project features approximately 262,000 square feet and is substantially complete. Sage Hill Calgary, Alberta This 34-acre site is currently being developed into a 386,000 square foot new format retail centre as a joint venture with KingSett Capital and is approximately 70% preleased. The property was acquired in the first quarter of 2013, site servicing work will commence in fall 2013, building construction is expected to commence in Spring 2014 with completion expected in 2016. The site will be anchored by a Walmart Superstore and a Loblaws Foodstore. Walmart is anticipating opening in the early part of 2015 with Loblaws scheduled to open later that same year. Other major tenants at the property will include Royal Bank of Canada, Scotiabank, McDonalds, Liquor Depot and London Drugs. The site is the only designated major retail development site remaining in Northwest Calgary and as such, provides significant opportunity for retailers to locate at the core of what will be a thriving residential community. The surrounding north sector area has an existing population of almost 30,000 persons and 10,600 housing units. The north sector is expected to have a population in excess of 85,000 persons and 29,000 housing units. This anticipated residential growth rate is consistent with the overall population growth forecasted for the Calgary Economic Region where it is expected to increase by an additional 135,000 people to 1.5 million persons, a strong growth of 10.1% by 2016. 34 Third Quarter 2013 Supplemental Information Package

Southbank Centre Okotoks, Alberta This site is currently being developed into a 421,000 square foot new format retail centre as a joint venture with Trinity and Tristar. The site is anchored by a 93,000 square foot Home Depot which owns its own store and operates as part of the overall site. A 151,000 square foot Costco, which also owns its own store, commenced operations in the third quarter of 2010. A 25,000 square foot Winners commenced operations in the first quarter of 2011. A 24,000 square foot Good Life Fitness and a 15,000 square foot Sport Chek are scheduled to open in the second half of 2014. ownership in the property is 50%. Tanger Outlets Kanata Kanata, Ontario In the second quarter of 2013, RioCan and Tanger purchased a 52.5 acre parcel of land located in Kanata, Ontario, approximately 20 kilometres west of Ottawa, Ontario. The site will be developed into a 357,000 square foot outlet centre. ownership in the property is 50%. The Stockyards The St. Clair and Weston development benefits from a well-established urban node at the intersection of St. Clair Avenue and Weston Road. The 19 acre site is expected to ultimately feature approximately 551,000 square feet of space. The project concept features a unique urban, two-storey retail prototype that has been successfully utilized in the US. A 50% in this property was sold to the CPPIB in June 2008 and a 25% has been retained by each of Trinity and RioCan. The site will be anchored by a 149,000 square foot Target, which has taken possession in the quarter. This will be Target s first purpose built store in Canada. In addition, Marshalls, Homesense, Michael s, Old Navy, Sport Chek and PetSmart will operate at the site. Westney Road and Taunton Road Ajax, Ontario This site is currently being developed into a 174,000 square foot new format retail centre as a joint venture with the Sun Life Assurance Company of Canada. A 50,000 square foot Sobeys anchors the property. A 24,000 square foot Good Life Fitness is scheduled to open in the first quarter of 2014. ownership in the property is 20%. Windfield Farms Oshawa, Ontario This 160 acre site is currently being developed into a 1,217,000 square foot regional new format retail centre. Urban Intensification Highlights of urban intensification pipeline as at September 30, 2013, are as follows: Estimated square feet upon completion of the development project Anticipated date of development completion (thousands of square feet) % ownership Partner(s) estimated development Retailer owned anchors Partners s leasing activity (ii) % Leased Current development Potential future developments Urban Intensification Properties Bathurst Street & College Street, Toronto, ON* 60% Trinity 126 76 50 0% 2015 CPA Lands, Calgary, AB* 50% Kingsett 316 158 158 0% 2016 NE Yonge Eglinton, Toronto, ON* Metropia / 50% Baziz 54 27 27 0% 2017 Urban Intensification Committed 496 261 235 0% College & Manning,Toronto, ON* 50% Allied 125 63 62 56 45% 2017 Dupont Street, Toronto, ON* 100% 184 184 0% 2017 Downtown West Lands, Toronto, ON* Allied / 40% Diamond 1,820 728 1,092 0% 2019(iii) King & Portland, Toronto, ON* 50% Allied 499 250 249 48 10% 2017 Urban Intensification Non-Committed 2,628 1,225 1,403 104 4% Urban Intensification 3,124 1,486 1,638 104 3% Retailer owned anchors include both completed and contemplated sales. (ii) Leasing activity includes leasing that is conditional on receiving municipal approvals and meeting construction deadlines. (iii) The first phases are expected to be substantially complete by the dates indicated. * Property represents one of 15 properties under development. 35 Third Quarter 2013 Supplemental Information Package

Acquisition and development expenditures incurred to date Estimated remaining construction expenditures to complete (thousands of dollars) Estimated project % ownership cost (100%) Amount included in IPP Amount included in PUD Partners Partners Urban Intensification Properties Bathurst Street & College Street, Toronto, ON 60% $ 73,532 $ $ 11,732 $ 11,732 $ 7,088 $ 18,820 $ 32,827 $ 21,885 $ 54,712 CPA Lands, Calgary, AB 50% 131,362 10,312 10,312 10,077 20,389 55,487 55,486 110,973 NE Yonge Eglinton, Toronto, ON 50% 36,115 156 5,127 5,283 4,520 9,803 13,156 13,156 26,312 Urban Intensification Committed 241,009 156 27,171 27,327 21,685 49,012 101,470 90,527 191,997 College & Manning, Toronto, ON 50% 7,822 4,463 12,285 11,383 23,668 (ii) Dupont Street, Toronto, ON 100% 79,936 13,401 13,401 13,401 66,535 66,535 Downtown West Lands, Toronto, ON 40% 832,544 69,160 69,160 100,501 169,661 265,153 397,730 662,883 King & Portland, Toronto, ON 50% 10,355 12,852 23,207 21,965 45,172 (ii) Urban Intensification Non-Committed 912,480 18,177 99,876 118,053 133,849 251,902 331,688 397,730 729,418 Fair value adjustments (4,210) (4,210) (4,210) Urban Intensification $ 1,153,489 $18,333 $ 122,837 $ 141,170 $ 155,534 $ 296,704 $ 433,158 $ 488,257 $ 921,415 (ii) Proceeds from sale to shadow anchors reduce projected cost. Estimated project costs/cost to complete cannot be determined due to the early stage of the project. Estimated remaining development activity to be funded by RioCan 2013 2014 2015 & Thereafter Future Development (thousands of dollars) % ownership Mezzanine Mezzanine Mezzanine Mezzanine Urban Intensification Properties Bathurst Street & College Street, Toronto, ON 60% $ 80 $ 53 $ 323 $ 215 $ 339 $ 226 $ 32,085 $ 21,390 CPA Lands, Calgary, AB 50% 479 528 2,116 52,363 NE Yonge Eglinton, Toronto, ON 50% 13,156 13,156 Urban Intensification Committed 559 53 851 215 2,455 226 97,604 34,546 College & Manning,Toronto, ON 50% Dupont Street, Toronto, ON 100% 168 678 2,137 63,552 Downtown West Lands, Toronto, ON 40% 838 3,392 14,246 246,678 King & Portland, Toronto, ON 50% Urban Intensification Non Committed 1,006 4,070 16,383 310,230 Urban Intensification 1,565 53 4,921 215 18,838 226 407,834 34,546 Third party (282,373) RioCan funded development activity net of third party $ 1,565 $ 53 $ 4,921 $ 215 $ 18,838 $ 226 $ 125,461 $ 34,546 Estimated development funding by RioCan cannot be determined due to the early stage of the project. 36 Third Quarter 2013 Supplemental Information Package

(thousands of dollars) % ownership Third party in place Advanced to date Remaining to be advanced Development RioCan and partners RioCan RioCan on behalf of partners RioCan funded Partners Urban Intensification Properties: Bathurst Street & College Street, Toronto, ON 60% $ $ $ $ 32,828 $ 21,885 $ 54,713 $ $ 54,713 CPA Lands, Calgary, AB 50% 55,487 55,487 55,486 110,973 NE Yonge Eglinton, Toronto, ON 50% 13,156 13,156 26,312 26,312 Urban Intensification Committed 101,471 35,041 136,512 55,486 191,998 College & Manning, Toronto, ON 50% Dupont Street, Toronto, ON 100% 66,536 66,536 66,536 Globe & Mail Lands, Toronto, ON 40% 265,154 265,154 397,730 662,884 King & Portland, Toronto, ON 50% Urban Intensification Non- Committed 331,690 331,690 397,730 729,420 Urban Intensification $ $ $ $ 433,161 $ 35,041 $ 468,202 $ 453,216 $ 921,418 A summary of significant urban intensification projects currently underway are as follows: Bathurst Street and College Street This 1.3 acre site is located just west of the downtown core in Toronto near Bathurst Street and College Street. The property will developed into 126,000 square foot three storey urban retail building. CPA Lands Calgary, Alberta This 2.8 acre site is located in the East Village area of downtown Calgary, Alberta. The site is one of downtown Calgary s few remaining privately owned full city blocks. The site was acquired in the second quarter of 2013 on a 50/50 joint venture basis between RioCan and KingSett. The property will be developed into a mixed use retail and office building containing 316,000 square feet. Development is anticipated to commence in the spring of 2014. Yonge & Eglinton Northeast Corner This site is located on the north-east corner of Yonge Street and Eglinton Avenue in Toronto. When completed, the property will consist of a 54,000 square foot retail and office space on the first three floors. As part of the development RioCan has entered into an agreement with its partners to develop the north tower to include 208 multi-family residential units. The 28,000 square foot retail component of the centre will include a landmark TD Bank branch. Construction is expected to commence in February 2014. The site will be developed with Metropia and Bazis. ownership in the property is 50%. College Street and Manning Avenue This site is comprised of 551-555 College Street, formerly owned exclusively by Allied Properties REIT, and 547 and 549 College Street, formerly owned exclusively by RioCan. Given the strategic downtown location of each respective property, Allied and RioCan have formed a 50-50 joint venture partnership to create one 23,000 square foot site with 185 feet of frontage on College Street. The site possesses excellent potential and the joint venture has a view to intensify the site by creating a mixed-use office, retail and residential complex with approximately 125,000 square feet of gross floor area upon completion. Dupont Street This 1.4 acre site, located on Dupont Street near Christie Avenue, is northwest of the downtown core of Toronto. The site is expected to be developed into 184,000 square foot three storey urban retail building. RioCan has a 100% ownership in the site. Downtown West This 7.74-acre site is currently the home of The Globe & Mail newspaper and is located on part of a large city block bounded by Spadina Avenue, Front Street, Draper Street and Wellington Street. The site is in close proximity to Toronto s downtown office corridor and adjacent to a large and growing residential population. The property will be redeveloped as a mixed-use development that will include approximately 700,000 square feet of retail space, 1,120,000 square feet of office space and 1,100,000 square feet of residential space that will become a landmark destination to live, work and shop in Toronto. The ownership structure of the property is RioCan 40%, Allied 40% and Diamond 20%. RioCan has a beneficial ownership in the Downtown West JV of 43.9% including its 19.3% participation in Diamond s Whitecastle New Urban Fund 2. King Street & Portland Street This site is comprised of 602-606 King Street West, formerly owned exclusively by Allied Properties REIT, and adjacent properties to the west extending from King Street West through to Adelaide Street West that Allied and RioCan acquired jointly. Given the site s premier location in the heart of the affluent King West neighbourhood, Allied and RioCan have formed a 50-50 joint venture partnership to create one 61,600 square foot property, with frontage on King Street West, Portland Street and Adelaide Street West. Upon completion, thesitewillobtainamixeduseoffice, retail and residential complex with approximately 499,000 square feet of gross floor area. 37 Third Quarter 2013 Supplemental Information Package

EXPANSION AND REDEVELOPMENT ACTIVITIES Expansion & Redevelopment expansion and redevelopment project costs for 2013 are currently expected to be approximately $30 million. As at September 30, 2013 expansion and redevelopment pipeline will, upon completion, comprise approximately 1.3 million square feet, of which ownership will be approximately 1.0 million square feet. RioCan will continue to upgrade existing shopping centre infrastructure and aesthetics related to shopping centres where Target will have tenancy. This will include roof replacement, paving, sidewalk and curb replacement, entrance improvements, landscaping improvements, signage and upgrades to interior common areas and washrooms. 38 Third Quarter 2013 Supplemental Information Package

Highlights of expansion and redevelopment projects are as follows: As at September 30, 2013 (thousands of square feet, millions of dollars) Centre St. Martin, Laval, Québec Collingwood Centre, Collingwood, ON Kennedy Commons, Toronto, ON Niagara Falls Plaza, Niagara Falls, ON Northumberland, Miramichi, NB Queensway Cineplex, Sudbury Place, Sudbury, Ontario Tanger Outlets Cookstown, Innisfil, Ontario Timmins Square, Timmins, ON Yonge & Eglinton Centre, Toronto, ON % ownership Tenant(s) Project NLA Estimated project cost Partners Historical costs Development expenditures to date at Sub-total Costs Incurred to date Estimated remaining development activity at 2013 2014 2015+ 100% Pharma Prix, Dollarama, L Aubainerie 61 $ 6 $ $ 6 $ 3 $ 2 $ 5 $ 2 $ 2 $ 100% Sobeys Expansion, Winners, Bed Bath & Beyond, Sport Check, Carter s 80 12 12 2 1 3 2 9 50% LA Fitness, Michaels 100% LA Fitness 100% Giant Tiger, Winners 50% Cineplex Expansion 100% Target Expansion 50% Multiple international brands 30% Ardene, Atmosphere 84 6 6 12 9 1 10 2 3 38 9 9 1 1 1 8 43 8 8 2 6 12 1 1 2 1 24 1 1 7 1 8 159 22 22 44 7 1 8 13 8 30 1 2 3 1 1 1 100% Winners, Joe Fresh, Cineplex Expansion 51 62 62 10 25 35 6 15 16 Committed Expansion and Redevelopment properties 582 128 31 159 40 31 71 29 52 16 Brookside Mall, 50% TBD Fredericton, NB 70 1 1 2 1 Carrefour Neufchatel, 100% TBD Neufchatel, Quebec 22 5 5 1 1 5 Flamborough Walmart 100% TBD Centre, Flamborough, Ontario 5 1 1 1 Les Factoreries Tanger 50% TBD Bromont, Bromont, Quebec 70 9 9 18 1 1 9 Les Factoreries Tanger 50% TBD Saint-Sauveur, Saint Sauveur, Quebec 20 3 3 6 3 Madawaska Centre, 100% TBD Madawaska, NB 91 4 4 1 1 4 Mega Centre Notre 100% TBD Dame, Dorothee, Quebec 143 29 29 11 3 14 26 RioCan Centre Barrie, 100% TBD Barrie, Ontario 26 8 8 1 1 2 7 RioCan Centre Burloak, 50% TBD Oakville, Ontario 141 6 6 12 3 3 6 RioCan Meadows, 50% TBD Edmonton Alberta 31 5 5 10 3 1 4 1 3 Timiskaming Square, New 100% TBD Liskeard, ON 43 2 2 1 1 2 Yonge Sheppard Centre, 50% Longos 110 17 17 34 1 1 1 11 4 Non-committed Expansion and Redevelopment properties 772 90 41 131 22 6 28 1 24 59 Sub-total 1,354 218 72 290 62 37 99 30 76 75 Fair Value Adjustments (3) (3) 1,354 $ 218 $ 72 $ 290 $ 59 $ 37 $ 96 $ 30 $ 76 $ 75 Historical Costs - Carrying amounts transferred from IPP for former anchors targeted for redevelopment. 39 Third Quarter 2013 Supplemental Information Package

A summary of significant expansion and redevelopment projects currently underway are as follows: Centre St. Martin Laval, Quebec Centre St. Martin is a shopping centre located in the most densely populated area of Laval. The property is anchored by Club Entrepot Provigo (Loblaws) supermarket. Approximately 95,000 square feet of the centre is being redeveloped in 2013. Shoppers Drug Mart, Rossy and Dollarama will be completing expansions and a 15,000 square foot L Aubainerie will be constructed in the redevelopment area. A 30,000 square foot Gold s Gym has taken possession. Collingwood Centre Collingwood, Ontario Collingwood Centre is a community shopping centre currently consisting of 248,000 square feet of retail space. The centre is located at the northeast corner of Blue Mountain Road and Highway 26 and is anchored by Canadian Tire and Fresh Co. RioCan negotiated a lease termination agreement with Zellers (93,000 square feet) effective April 1, 2013. The enclosed mall portion of the property will be demolished and redeveloped in 2013 and 2014. New leases have been completed with Winners, Sport Chek, Bed Bath & Beyond, Dollarama and a Fresh Co expansion as part of the redevelopment. Kennedy Commons Scarborough, Ontario Kennedy Commons is a 468,000 square foot new format retail centre anchored by Metro, Chapters, Sears Whole Home and The Brick and shadow anchored by a Rona. A lease buy-out was completed with AMC Theatres in late 2012. Their premises have been demolished and will be replaced with LA Fitness and Michaels in 2014. RioCan has a 50% ownership in this property. Niagara Falls Plaza Niagara Falls, Ontario This 144,000 square foot unenclosed community shopping centre anchored by a 33,275 square foot Foodland (Sobeys) is located at the northeast corner of Morrison Street and Dorchester Road. RioCan has negotiated a lease termination with Zellers effective April 1, 2013. A new lease has been finalized with LA Fitness to construct a 38,000 square foot gym in the former Zellers premises. The remainder of the former Zellers unit will be demolished late in 2013. Northumberland Square Miramichi, New Brunswick Northumberland Square is a 208,000 square foot shopping centre located at the intersection of King George Highway and Rennie Road. RioCan has negotiated a lease termination with Zellers effective April 1, 2013, providing an opportunity to re-develop the property. 20,000 square feet has been leased to Winners and 23,000 square feet has been leased to Giant Tiger. Both tenants are scheduled to commence operations in 2014. Queensway Cineplex Queensway Cineplex is a 110,700 square foot new format retail property located in. The property is anchored by an 87,510 square foot Cineplex operating on a land lease. Cineplex will expand by approximately 12,000 square feet in late-2013 in order to incorporate a VIP Theatre into their premises. RioCan has a 50% ownership in the property. Sudbury Place Sudbury, Ontario Sudbury Place is a 192,000 square foot enclosed shopping mall with three freestanding pads located in northeast Sudbury. Target is in the process of reformatting/remerchandising the store as well as completing an expansion of approximately 24,000 square feet. Target is scheduled to commence operations in November 2013. Tanger Outlets Cookstown Innisfil, Ontario Tanger Outlets Cookstown is located in Innisfil, Ontario, approximately 70 kilometres north of Toronto and 20 kilometres south of Barrie. The existing site is a 162,000 square foot single story, multi-tenant outlet centre. International brands located at the property include Coach, Tommy Hilfiger, Adidas, Mexx and Jones New York. The site also features 15 acres of vacant developable land on which a proposed expansion of approximately 159,000 square feet will be developed in 2014. This property was acquired in December 2011 as part of a 50-50 joint venture with Tanger Outlets. Timmins Square Timmins, Ontario Timmins Square is a 391,000 square foot enclosed mall anchored by Sears, Winners, Sport Chek and No Frills (Loblaws). Zellers vacated their 76,000 square foot premises in January 2013 and the unit has been backfilled by Urban Planet, Ardene and Atmosphere. RioCan has a 30% ownership in the property. RioCan Yonge Eglinton Centre Acquired in January 2007, RioCan Yonge Eglinton Centre is located at the northwest corner of Yonge Street and Eglinton Avenue and is comprised of two high rise office towers situated above two levels of upscale retail. The retail component comprises approximately 264,000 square feet and features 70 retailers including anchor tenants Indigo Books & Music, Metro, Cineplex Silver City Theatres and Toys R Us. The office component comprises approximately 755,000 square feet situated within a 30-storey building on Yonge Street and a 22- storey tower on Eglinton Avenue. The mixed-use property aggregates over 1,000,000 square feet in total. RioCan has commenced a revitalization and expansion plan at RioCan Yonge Eglinton Centre that will capitalize on the neighborhood s residential intensification. The expansion includes 51,000 square feet of new retail space that will feature National tenants Winners, Joe Fresh as well as an expansion of the existing Cineplex Silver City Theatres and a potential combined 12-storey, 210,000 square foot expansion of the office towers. The new building will have a connection to the office towers and access to the food court and subway. Construction of the new retail space began in early 2013. The revitalization work is expected to be completed during the first quarter of 2014 while the expansion component of the development is expected to be completed in Spring 2015. Brookside Mall Fredericton, New Brunswick This enclosed mall, anchored by Sobeys, contains 276,000 square feet of leasable area and is located on the north side of the Saint John River. Zellers vacated the site in January 2013 providing an opportunity to redevelop their 70,000 square foot space. 12,000 square feet of the former Zellers premises have been leased to a furniture store. RioCan has a 50% ownership in this property. 40 Third Quarter 2013 Supplemental Information Package

Carrefour Neufchatel Neufchatel, Quebec Negotiations are underway with numerous national retailers for the remaining 22,000 square feet that can be developed at the site. Upon completion, the gross leasable area of the property will be approximately 231,000 square feet. Flamborough Walmart Centre Flamborough, Ontario This 31-acre site has been developed into a 312,000 square foot new format retail centre. The site is anchored by a 99,000 square foot Rona, which commenced operations in the fourth quarter of 2007 and a 151,000 square foot Walmart which commenced operations in the third quarter of 2009. A 15,000 square foot Staples commenced operations in August 2013 and approximately 18,000 square feet of new tenancies commenced operations in early-2013. An additional 5,000 square feet of space remains to be developed at the property. Les Factoreries Tanger Bromont Bromont, Quebec Les Factoreries Tanger Bromont is a 162,000 square foot outlet mall located in Bromont, Quebec. Bromont is a popular ski tourist destination town, situated approximately 85 kilometres southeast of Montreal. The site benefits from an excellent tenant roster featuring major international brands such as Tommy Hilfiger, Reebok, Sports Experts, Urban Planet and Le Chateau. The site also features 8.13 acres of vacant developable land on which an expansion of approximately 70,000 square feet can be developed. This property was acquired in November 2012 as part of a 50% joint venture with Tanger Outlets. Les Factoreries Tanger Saint-Sauveur Saint-Sauveur, Quebec Les Factoreries Tanger Saint- Sauveur consists of two properties; an outlet mall of approximately 100,000 square feet and a single tenant office building of approximately 16,000 square feet. Saint-Sauveur is a tourist and ski destination town in Quebec approximately 60 kilometres north of Montreal. The retail outlet mall benefits from a diverse tenant base featuring major international brands such as Point Zero, Bench, Nike, FGL Sports (Canadian Tire), Tommy Hilfiger, Reebok among others. The site also features 1.1 acres of excess density which will be acquired if the vendor is able to acquire the land from the city, on which two additional buildings totaling approximately 20,000 square feet can be constructed. This property was acquired in November 2012 as part of a 50% joint venture with Tanger Outlets. Madawaska Centre St. Basile, New Brunswick This 272,000 square foot enclosed shopping centre is anchored by a 27,000 square foot Bargain Giant and a Staples. RioCan has negotiated a lease termination with Zellers (91,000 square feet) effective April 1, 2013 providing an opportunity to redevelop the site. Mega Centre Notre-Dame St. Dorothee, Ontario Mega Centre Notre-Dame is located in Laval and contains 611,000 square feet of new format retail space. The property is anchored by Target and user-owned retailers Super C (Metro Richelieu) and Pharmaprix (Shoppers Drug Mart). National tenants operating at the property include Winners, HomeSense and Sports Experts. The plans contemplate that approximately 19 acres of adjacent vacant land will be developed into an additional 143,000 square feet of retail space. RioCan Centre Barrie Barrie, Ontario The centre is anchored by single-storey freestanding Zehrs (Loblaws) store and a Lowe s store that commenced operations in January 2009. The centre is located in one of the most developed areas in Barrie and has excellent visibility from Highway 400. In September 2009, RBC and RBC insurance commenced operations in a newly constructed freestanding pad. Mountain Equipment Co-op entered into a land lease with RioCan and construction of a freestanding building was completed in 2010. An additional 26,000 square feet of excess density exists on the site. RioCan Centre Burloak Oakville, Ontario RioCan Centre Burloak is an 89 acre site located at the southeast intersection of the QEW Highway and Burloak Drive. This 553,000 square foot new format retail site is anchored by a Home Depot (retailer owned), a Famous Players (Cineplex) Theatre and a Longo s Supermarket. An additional parcel of land totaling 8.5 acres is owned immediately south of the property and RioCan has entered into a conditional agreement to purchase the adjacent 4 acres. These parcels of land will be re-zoned in 2014 and an additional 141,000 square feet of retail will be developed on the site. RioCan has a 50% ownership in the property. RioCan Meadows Edmonton, Alberta RioCan Meadows is strategically located at the southwest corner of Whitemud and 17th Avenue, in southeast Edmonton. Upon completion, the site will contain a total leasable area of approximately 329,000 square feet. Existing anchor tenants include Winners, Best Buy, Staples, Mark s Work Wearhouse and PetSmart. In addition, a Home Depot (land lease) operates as part of the site. In 2010, Loblaws (who owns its own site) completed construction of a 100,000 square foot Real Canadian Super Store that acts as a shadow anchor. An additional 31,000 square feet can be developed at the site. RioCan has a 50% ownership in the property. Timiskaming Square New Liskeard, Ontario Timiskaming Square is a 164,000 square foot shopping centre located at the intersection of Highway 11 and Highway 11B. This enclosed shopping centre is anchored by Food Basics (Metro Richelieu) and Staples. Zellers (43,000 square feet) vacated the site effective January 2013, providing an opportunity to redevelop the site. Yonge Sheppard Centre Located approximately six kilometres north of RioCan Yonge Eglinton Centre at the northeast corner of one of Toronto s busiest intersections and situated on both the Yonge and Sheppard subway lines, this 6.2 acre site is currently comprised of a 680,000 square foot mixed use property containing 262,000 square feet of retail, 416,000 square feet of office space and 25 rental townhomes. RioCan and its partner, KingSett Capital, have recently submitted an application in order to add an additional 110,000 square feet of retail space and 290,000 square feet of multi-family residential density to the site. The completed expansion and renovation of the existing space will involve three significant elements and will greatly increase the profile of this mixed use urban property. 41 Third Quarter 2013 Supplemental Information Package

Excess Density In addition to various development projects, the Trust contributes to portfolio growth through the intensification of existing properties where RioCan has identified opportunities to increase density or add to an existing asset. This intensification of existing properties is an important component of organic growth strategy. As at September 30, 2013, total excess density fair market value is $41 million and its potential consists of approximately 1.38 million square feet, of which ownership will be approximately 1.26 million square feet. OCCUPANCY MOST RECENT EIGHT QUARTERS The historical occupancy rate of the Canadian portfolio is as follows: 100.0% 97.5% 97.3% 97.2% 97.2% 96.7% 97.0% 96.6% 96.9% 95.0% Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 The historical occupancy rate of the US portfolio is as follows: 100.0% 98.1% 97.8% 98.1% 97.5% 97.8% 97.4% 97.3% 97.4% 95.0% Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 ECONOMIC VERSUS COMMITTED OCCUPANCY Occupancy and Leasing committed occupancy rate decreased modestly to 97.0% at September 30, 2013 as compared to 97.4% at December 31, 2012 and 97.3% at June 30, 2012. Included in this occupancy rate is 716,000 square feet of NLA that has been leased but is not yet paying rent, resulting in an economic occupancy rate of 95.5% which represents the occupied NLA for which tenants are paying rent. The annualized rental impact once these tenants take occupancy paying rent is approximately $17 million. (in thousands, except percentage amounts) Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Square feet: NLA commencing 716 385 110 53 67 101 Cumulative NLA commencing 716 385 495 548 615 716 % of NLA commencing 54% 15% 7% 9% 14% Cumulative % total 54% 69% 77% 86% 100% Average net rent: Monthly rent commencing $ 1,389 $ 768 $ 248 $ 116 $ 107 $ 150 Cumulative monthly rent commencing $ 1,389 $ 768 $ 1,016 $ 1,132 $ 1,239 $ 1,389 % of rent for NLA commencing 55% 18% 8% 8% 11% Cumulative % total rent commencing 55% 73% 81% 89% 100% 42 Third Quarter 2013 Supplemental Information Package