2021年第四季度补充信息零售机会投资公司11250 El Camino Real,Suite200 San Diego,CA 92130 www.roireit.net


我们公司零售机会投资公司(纳斯达克代码:ROIC)是一家完全集成、自我管理的房地产投资信托公司,专门从事收购、拥有和管理位于西海岸人口稠密的大都市市场的杂货店购物中心。截至2021年12月31日,ROIC拥有89个购物中心,总面积约为1020万平方英尺。ROIC是最大的上市、以食品杂货为基础的购物中心,REIT专门专注于西海岸。ROIC是标准普尔SmallCap 600指数成份股公司之一,拥有穆迪投资者服务公司(Moody‘s Investor Services)、标准普尔全球评级公司(S&P Global Ratings)和惠誉评级公司(Fitch Ratings,Inc.)的投资级公司债务评级。补充信息所附信息应与ROIC提交给证券交易委员会的文件一并阅读,包括但不限于其每季度提交的10-Q表格和每年提交的10-K表格。此外,所附资料并不旨在披露公认会计原则(“公认会计原则”)下的所有项目。非GAAP披露运营资金(“FFO”)是一种广为认可的REITs非GAAP财务衡量标准,公司认为,当与根据GAAP呈报的财务报表一起考虑时,它为评估其财务业绩提供了额外和有用的手段。FFO经常被证券分析师、投资者和其他相关方用来评估REITs的业绩,其中大多数REITs都是根据GAAP计算的FFO和净利润。公司根据全美房地产投资信托协会(“NAREIT”)发布的“FFO白皮书”计算FFO。, FFO定义为普通股股东应占净收益(根据GAAP确定),不包括债务重组、可折旧财产销售和减值的收益或亏损,加上房地产相关折旧和摊销,以及对合伙企业和未合并合资企业进行调整后的净收益。公司内部使用现金净营业收入(“NOI”)来评估和比较公司物业的经营业绩。本公司相信现金NOI向投资者提供有关本公司财务状况及经营业绩的有用资料,因为它只反映在物业层面发生的收入及支出项目,而当跨期间比较时,可用于厘定本公司物业的收益趋势,因为此衡量标准不受非现金收入及支出确认项目、本公司融资成本、折旧及摊销费用的影响、收购及出售营运房地产资产的损益、一般及行政开支或与本公司有关的其他损益影响。该公司认为,将这些项目从营业收入中剔除是有用的,因为由此产生的衡量标准反映了经营公司物业所产生的实际收入和发生的实际费用,以及入住率、租金和运营成本的趋势。现金NOI是衡量公司物业经营业绩的指标,但不能衡量公司的整体业绩,因此不能替代按照公认会计原则计算的净收入或营业收入。公司将现金NOI定义为营业收入(基本租金和从租户那里收回), 减去物业及相关费用(物业营运费用及物业税),经直线租金及租赁无形资产摊销、债务相关费用及其他调整等非现金收入及营运费用项目调整。现金NOI还不包括一般和行政费用、折旧和摊销、收购交易成本、其他费用、利息支出、物业收购和处置的损益、非常项目、租户改善和租赁佣金。其他REITs可能使用不同的方法来计算现金NOI,因此,公司的现金NOI可能无法与其他REITs相比。概述截至2021-2年12月31日的补充披露季度-


Page Balance Sheets……..……………………………………………………………..……………………………………………… 4 Income Statements .…………………………………………………………………………………..……..…………...……… 5 Funds From Operations …………………………………………………………………………………………………………… 6 Summary of Debt Outstanding .……………………………………………..…………………………………………………… 7 Selected Financial Analysis .……………………………………………………………………………………………………… 9 Property Acquisitions and Dispositions ………………………….………………………...…………………………………… 10 Property Portfolio ………………………………………………….…………………………………………………………… 11 Same-Center Cash Net Operating Income Analysis……………………………………………………………………………… 14 Top Ten Tenants ………………….…………….………………….…………………………………………………………… 15 Lease Expiration Schedule ……………………..………………………..…….………………………………………………… 16 Leasing Summary ………………………………………………………..…................................................................................. 17 Same-Space Comparative Leasing Summary ………………………………………………………..…..................................... 18 Leased vs. Billed Summary …………………………...………….……………………..…......................................................... 19 Investor Information …………………………………………………………..………………………………………………… 20 Financial Data Portfolio Data Table of Contents Supplemental Disclosure Quarter Ended December 31, 2021 - 3 -


(千美元,面值和股份除外)12/31/21 12/31/20资产:房地产投资:土地915,861$881,872$建筑和装修2,350,294 2,274,680 3,266,155 3,156,552少:累计折旧510,836 460,165 2,755,3192,696,387应收按揭票据4,875 4,959房地产投资,净额2,760,194 2,701,346现金及现金等价物13,218 4,822限制性现金2,145 1,814租户及其他应收款,净55,787 58,756收购租赁无形资产,净50,139 50,110预付费用5,3374,811递延费用,净25,017 25655其他资产17,007 17,296总资产2,928,844$2,864,610美元负债:定期贷款298,889美元298,524美元信贷安排-48,000优先票据945,231 943,655应付按揭票据85,354 86,509收购租赁无形负债,净136,608 125,796应付账款和应计费用48,598 17687租户保证金7,231 6,854其他负债40,580 46,426总负债1,562,491,573,451股本:普通股,面值0.0001美元500,000,000股授权12个额外的实收资本1,577,837 1,497,662股息超过收益(297,801)(289,累计其他全面亏损(3,154)(8,812)零售机会投资公司股东权益总额1,276,8941,199,553非控股权益总额1,366,3531,291,159负债和权益总额2,928,844$2,864,610$公司截至2021年9月30日、2021年6月30日和3月31日的季度的10-Q报表, 应结合上述信息阅读截至2021年、2021年和2020年12月31日止年度的10-K表格。截至2021/4年度12月31日的资产负债表补充披露季度-


(in thousands, except per share amounts) 3 Months Ended (unaudited) Year Ended 12/31/21 12/31/20 12/31/21 12/31/20 REVENUES: Rental revenue (1) 71,999$ 71,391$ 280,924$ 280,388$ Other income 799 1,527 3,176 3,726 TOTAL REVENUES 72,798 72,918 284,100 284,114 OPERATING EXPENSES: Property operating 12,105 10,847 44,439 41,050 Property taxes 8,161 8,023 33,663 33,288 Depreciation and amortization 23,528 24,690 92,929 97,731 General and administrative expenses 5,301 4,781 19,654 16,755 Other expense 229 318 860 843 TOTAL OPERATING EXPENSES 49,324 48,659 191,545 189,667 Gain on sale of real estate - - 22,340 - OPERATING INCOME 23,474 24,259 114,895 94,447 NON-OPERATING EXPENSES: Interest expense and other finance expenses (14,362) (14,679) (57,535) (59,726) NET INCOME 9,112 9,580 57,360 34,721 NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (598) (681) (3,852) (2,707) NET INCOME ATTRIBUTABLE TO RETAIL OPPORTUNITY INVESTMENTS CORP. 8,514$ 8,899$ 53,508$ 32,014$ NET INCOME PER COMMON SHARE - BASIC 0.07$ 0.08$ 0.44$ 0.27$ NET INCOME PER COMMON SHARE - DILUTED 0.07$ 0.08$ 0.44$ 0.27$ Weighted average common shares outstanding - basic 121,232 117,353 119,545 116,732 Weighted average common shares outstanding - diluted 130,066 126,496 128,454 126,627 (1) RENTAL REVENUE Base rents 53,023$ 50,295$ 205,954$ 205,549$ Recoveries from tenants 16,987 15,909 67,995 67,141 Straight-line rent 521 516 959 1,079 Amortization of above- and below-market rent 2,224 6,898 8,795 17,654 Bad debt (756) (2,227) (2,779) (11,035) TOTAL RENTAL REVENUE 71,999$ 71,391$ 280,924$ 280,388$ The Company's Form 10-Q for the quarters ended September 30, 2021, June 30, 2021, and March 31, 2021, and Form 10-K for the years ended December 31, 2021 and 2020 should be read in conjunction with the above information. Income Statements Supplemental Disclosure Quarter Ended December 31, 2021 - 5 -


(以千为单位,不包括每股金额)截至(未经审计)截至12/31/21 12/31/20年度的3个月运营资金(FFO)(1):ROIC普通股股东应占净收益8,514美元8,899美元53,508美元32,014美元调整:折旧和摊销费用23,528 24,690 92,929 97,(1):ROIC普通股股东应占净收益8,514美元8,899美元53,508美元32,014美元调整:折旧和摊销费用23,528 24,690 92,929 97731房地产销售收益--(22,340)-运营资金-基本32,042 33,589 124,097 129,745可归因于非控股权益的净收入598 681 3,852 2,707运营资金-摊薄32,640美元34,270美元127,949美元132,452$每股运营资金-基本0.26$0.29$1.04$1.11$每股运营资金-稀释0.25$0.27$1.00$1.05$加权平均已发行普通股-基本121,232 117,353 119,545 116,732加权平均已发行普通股-稀释130,066 126,496 128,454 126,627每股普通股股息0.11$-$0.44$0.20$FFO支付率44.0%-44.0%19.0%其他披露:非现金费用(收入)直线租金(521)$(516)$(959)$(1079)$高于/低于市场租金摊销,净额(2,224)(6,(898)(8,795)(17,654)非现金利息支出(14)73 45 293递延融资成本和抵押贷款保费,净600 5962,3832,219股票薪酬3,167 2,549 11,030 8,914资本开支租户改善8,424元4,901元25,248元18元, 569元租赁佣金482 4101,8881,365楼宇改善395 3211,012 868可发还物业改善848 851,421 1,289垫及其他发展项目2,109 4,839 12,172 9715提升租户价值2,0021,395 5,945 5,678上述内容并未披露GAAP要求的所有项目。(1)-运营资金(“FFO”),是公认的REITs的非GAAP财务指标,ROIC认为,当与根据GAAP确定的财务报表一起考虑时,它为评估其财务业绩提供了额外和有用的手段。FFO经常被证券分析师、投资者和其他利益相关方用来评估REITs的业绩。ROIC根据全美房地产投资信托协会(“NAREIT”)发表的“FFO白皮书”计算FFO,白皮书将FFO定义为普通股股东应占净收益(根据公认会计准则确定),不包括债务重组和出售财产的损益,加上与房地产相关的折旧和摊销,以及对合伙企业和未合并合资企业进行调整后的净收益。(2)-Amount不包括2021年第四季度宣布的0.07美元特别收益股息。包括收益股息在内,2021年第四季度的FFO支付率为72%,2021年全年的支付率为51%。截至2021年12月31日的运营补充披露季度资金(2)(2)-6-


(未经审计,以千美元为单位)未偿还GAAP到期日余额百分比利率利率日期总债务固定利率债务抵押债务:Casitas Plaza购物中心6,660$5.32%4.20%06/01/22 0.5%Riverstone Marketplace 16,811 4.96%3.80%07/01/22 1.3%Fullerton CrossRoad 26,000 4.73%3.82%04/06/24 1.9%钻石山广场35393 3.55%3.61%10/01/25 2.7%按揭债务总额84,864 4.33%3.78%2.4年(WA)6.4%无抵押优先债券:2023年到期的优先债券250,000 5.00%5.21%12/15/23 18.7%2024年250到期的优先债券000 4.00%4.21%12/15/24 18.7%2026 200,000 3.95%3.95%09/22/26 15.0%2027 250,000 4.19%4.19%12/15/27 18.7%无抵押优先债券总额950,000 4.30%4.41%3.9年(WA)71.1%定期贷款:利率掉期100000 3.59%3.59%3.59%2022年8月31日7.5%利率掉期200,000 2.74%2.74%8/31 2022 15.0%定期贷款总额300,000 3.02%3.02%22.5%固定利率债务总额1,334864 4.02%4.06%3.7年期(WA)100.0%可变利率债务信贷工具-1.00%1.00%02/20/24 0.0%定期贷款300,000 01/20/25利率互换-定期贷款(300,可变利率债务总额-1.00%1.00%3.1年(WA)0.0%本金债务总额1334,864$4.03%4.08%3.6年(WA)100.0%抵押贷款未摊销净保费632票据未摊销净折扣(2,186)未摊销递延融资费用净额(2)(3836)总债务1329, 474$(1)不包括ROIC可用的扩展选项。(2)定期贷款、高级债券及按揭的未摊销递延融资费用净额。未偿债务摘要(1)截至2021/7年度12月31日的补充披露季度--


(unaudited, dollars in thousands) Summary of Principal Maturities Senior Total Principal Percentage of Credit Facility Term Loan Unsecured Notes Payments Debt Maturing 23,129$ -$ -$ -$ 24,133$ 1.8% - - - 250,000 250,686 18.8% 26,000 - - 250,000 276,708 20.7% 32,787 - 300,000 - 333,337 25.0% - - - 200,000 200,000 15.0% - - - 250,000 250,000 18.7% - - - - - - % 81,916$ -$ 300,000$ 950,000$ 1,334,864$ 100.0% Summary of Unencumbered/Encumbered Properties Percentage GLA of GLA Unencumbered properties 9,611,413 94.6% Encumbered properties 552,471 5.4% 10,163,884 100.0% Summary of Unsecured Debt/Secured Debt Percentage of Total Principal Debt Unsecured principal debt 1,250,000$ 93.6% Secured principal debt 84,864 6.4% Total Principal Debt 1,334,864$ 100.0% (1) Does not include extension options available to ROIC. Amount 2022 1,004$ Mortgage Principal 2024 708 2025 550 2026 - 2027 - Thereafter - Year Payments 2023 686 Mortgage Principal due at Maturity 89 2,948$ Number of Properties 85 4 Summary of Debt Outstanding, continued (1) Supplemental Disclosure Quarter Ended December 31, 2021 - 8 -


(未经审计,以千计,每股金额除外)12/31/21 09/30/21 06/30/21 03/31/21 12/31/20债务覆盖比率,截至三个月:利息覆盖比率(EBITDA/利息支出)3.3x 3.3x 3.2x 3.4x偿债范围(EBITDA/(利息支出+预定本金支付))3.2x 3.3x 3.2x 3.1x 3.3x净本金债务(本金债务总额减去现金和等价物)/年化EBITDA 7.0x 6.6x 6.9x 7.3x 7.5x净本金债务(总本金债务减去现金和等价物)/TTM EBITDA 7.1期末:本金债务总额/账面资产总额45.6%46.1%46.7%47.48.3%本金债务总额/未折旧账面价值38.8%39.4%39.9%40.7%41.6%有担保本金债务/未折旧账面价值2.5%2.5%2.6%2.6%市值计算,期末:已发行普通股121,926 120,664 120,041 117,813 117,409个未偿还的经营合伙单位(OP单位)8,542 8,542 8,867 8,966普通股每股价格19.60$17.42$17.66$15.87$13.39$总股本2,557,170$2,250772$2,270,784$2,010,409$1,692,160$本金债务总额1,334,864 1,335,127 1,335,279 1,349,428 1,383,580总市值3,892,034$3,585,899$3,606,063$3,359,837$3,075, 740美元无担保高级票据金融契诺:(1)债务总额与总资产之比不超过60%40.9%41.5%42.2%43.0%44.1%有担保债务总额与总资产之比不超过40%2.6%2.6%2.7%2.7%2.7%无担保资产总额与无担保债务总额之比不低于150%275.4%271.7%267.8%262.5%227.5%可供偿债的综合收入与利息支出之比不低于小于1.5:1,3.2x 3.3x 3.2x 3.2x 3.1x 3.2x(1),按照美国公认会计原则(GAAP)根据标的债券契约计算。截至2021/9年度12月31日的精选财务分析补充披露季度-


(dollars in thousands) Acquisitions Date Owned Shopping Centers Location Acquired Purchase Amount GLA 3Q 2021 Canyon Creek Plaza San Jose, CA 09/01/21 27,900$ 64,662 4Q 2021 Palomar Village Temecula, CA 10/12/21 32,500$ 125,130 South Point Plaza Everett, WA 11/10/21 37,150 189,960 Olympia West Center Olympia, WA 12/06/21 24,800 69,212 94,450$ 384,302 Total 2021 Acquisitions 122,350$ 448,964 Dispositions Date Owned Shopping Centers Location Sold Sale Amount GLA 2Q 2021 Euclid Plaza San Diego, CA 04/21/21 25,800$ 77,044 3Q 2021 Green Valley Station Cameron Park, CA 08/12/21 15,087$ 52,245 Mills Shopping Center Rancho Cordova, CA 09/28/21 28,805 235,514 Total 3Q 2021 43,892$ 287,759 Total 2021 Dispositions 69,692$ 364,803 Property Acquisitions and Dispositions Supplemental Disclosure Quarter Ended December 31, 2021 - 10 -


(千美元)日期拥有%南加州城州收购GLA租赁的ABR(1)洛杉矶大都市区派拉蒙广场*派拉蒙CA 12/22/09 95,062 100.0%1,978$杂货直销超市,99美分Only商店,Rite Aid Pharmacy Claremont海滨大道*Claremont CA 09/23/10 92,297 96.3%2,463 Super King超市关门村*奇诺山CA 12/17/10 96,海桥市场*Oxnard CA 05/31/12 98,348 97.9%2,024 Safeway(Vons)超市格兰多拉购物中心*Glendora CA 08/01/12 106,535 97.5%1,403Albertsons超市雷东多海滩广场*雷东多海滩CA 12/28/12 110,509 100.0%2,邮编:373Safeway(Vons)超市,Petco钻石酒吧镇中心*钻石吧CA 02/01/13 100,342 100.0%2,437沃尔玛社区市场,Crunch Fitness钻石山广场*钻石吧CA 04/22/13 139,505 96.6%3,945H-Mart超市广场de la Cañada*La Cañada Flintridge CA 12/13/13 100,425 97.3%2,618 Gelson‘s超市,TJ Maxx,Rite Aid Pharmacy Fallbrook购物中心*洛杉矶CA 06/13/14 755,299 99.0%13,308 Sprouts Market,Trader Joe’s,Kroger(Ralph‘s)超市(2),TJ Maxx Moorpark City Center*Moorpark CA 12/03/14 133,547 90.7%1,956 Kroger(Ralph’s)超市,CVS药房安大略广场*安大略省安大略省01/06/15 150,149 97.2%2,394 EL超级超市,Rite Aid药房公园橡树购物中心*千橡树CA 01/06/15 110,092 90.5%2,572 Safeway(Vons)超市,Dollar Tree Warner Plaza*Woodland Hills CA 12/31/15 110, 918 93.1%4,217 Sprouts Market,克罗格(Ralph‘s)超市(2),Rite aid Pharmacy(2)Magnolia Shopping Center*Santa Barbara CA 03/10/16 116,360 86.1%2,109 Kroger(Ralph’s)超市Casitas Plaza购物中心*Carpinteria CA 03/10/16 105,118 99.2%1,896 Albertsons超市,CVS药房花束中心*Santa Clarita CA 04/28/16 148,903 97.4%3,666 Safeway(Vons)超市,CVS药房,Ross Dress for Less North Ranch购物中心*西湖村CA 06/01/16 146,444 86.2%4,400克罗格(Ralph‘s)超市,Trader Joe’s,Rite aid Pharmacy,Petco the Knolls*Long Beach CA 10/03/16 52,021 100.0%1441 Trader Joe‘s,宠物食品快递露台*Rancho Palos Verdes CA 03/17/17 172,922 93.8%3,601 Trader Joe’s,Marshall‘s,LA Fitness Los Angeles Metro Area总计2941,755 96.3%63,861$Orange County大都市区圣安娜市中心广场*Santa Ana CA 01/26/10 105,536 98.9%2,375美元克罗格(食品4少)超市,Marshall‘s Sycamore Creek*Corona CA 09/30/10 74,198 98.2%1,910 Safeway(Vons)超市,CVS Pharmacy(2)沙漠温泉市场*Palm Desert CA 02/17/11 113,718 90.6%2,655 Kroger(Ralph’s)超市,礼仪援助药房柏树中心西部*柏树CA 12/04/12 106,800 100.0%2,218克罗格(拉尔夫)超市,Rite Aid药房海港广场中心*Garden Grove CA 12/28/12 122,636 99.0%1,954 AA超市,Ross Dress for Less,AutoZone Mega Hub 5 Points Plaza*亨廷顿海滩CA 09/27/13 160,536 90.9%4, 203 Trader Joe‘s半岛市场*亨廷顿海滩,加州10/15/13 95,416 99.0%2,456克罗格(拉尔夫)超市,行星健身富勒顿十字路口*富勒顿,CA 10/11/17 219,785 98.9%3,616克罗格(拉尔夫’s)超市,科尔,乔-安织物和工艺品在内利盖尔牧场的村庄*拉古纳山,CA 11/041 96.3%2,983 Smart&Final Extra超市橙色国家都会区总计1,087,666 96.7%24,370美元圣地亚哥大都市区市场Del Rio*Ocean side CA 01/03/11 183,787 97.7%3,624$Stater Brothers超市,沃尔格林文艺复兴城市中心*圣地亚哥CA 08/03/11 53,272 94.6%2,560CVS药房湾广场*圣地亚哥CA 10/05/12 73,32498.0%2,130海鲜城超市Bernardo Heights Plaza*兰乔·贝尔纳多CA 02/06/13 37,729 100.0%969 Sprouts Market Hawthorne十字路口*圣地亚哥CA 06/27/13 141,288 99.3%3,464 Mitsuwa超市,Ross Dress for less,斯台普斯河畔广场*鲍威CA 02/28/14 133,914 94.4%3,238 Stater Brothers超市,AMC剧院Palomar Village Temecula CA 10/12/21 125,130 99.0%2,113 Albertsons超市,CVS药房圣地亚哥大都市区总计748,444 97.5%18,098美元南加州总计4,777,865 96.6%106,329美元(1)ABR等于期末所有原地租赁按现金计算的年化基本租金。(2)这些零售商并非ROIC的租户。*表示2021年第四季度同一中心池中的属性。截至2021/11年度12月31日止物业组合补充披露季度--


(千美元)日期拥有%北加利福尼亚州收购GLA租赁的ABR(1)主要租户旧金山大都市区欢乐山市场*欢乐山CA 04/08/10 69,715 100.0%1,471美元总计葡萄酒及更多,购买婴儿,Basset家具松树维斯塔购物中心*Pinole CA 01/06/11140,96 98.6%3,141第一太平戴维斯(幸运的CA)超市,行星健身乡村俱乐部大门中心*Pacific Grove CA 07/08/11 109,331 92.4%2,217 SaveMart(加州幸运儿)超市,Rite Aid Pharmacy Marlin Cove购物中心*福斯特城CA 05/04/12 73,943 100.0%2,58699牧场市场位于Novato的村庄*Novato CA 07/24/12 20,Rite Aid Pharmacy Marlin Cove Shopping Center*Foster City CA 05/04/12 73,943 100.0%2,586 99 Ranch Market,081 100.0%566 Trader Joe‘s,Pharmaca Pharmacy Santa Teresa Village*圣何塞CA 11/08/12131,713 98.6%3,491杂货直销超市,Dollar Tree,MedVet Silicon Valley Granada购物中心*利弗莫尔CA 06/27/13 71,525 100.0%1,圣拉蒙CA 11/26/13 111,093 97.7%2,254Walmart Neighborhood Market,CVS Pharmacy North Park Plaza*圣何塞CA 04/30/14 76,697 100.0%2,764 H-Mart超市温斯顿庄园*South San Francisco CA 01/07/15 49,852 91.0%1,634杂货直销超市杰克逊广场*海沃德CA 07/01/15 114,220 100.0%2,380西夫韦超市,CVS药房,24小时健身网关中心*圣拉蒙CA 09/01/15 112,55394.3%2,587 SaveMart(幸运的CA)超市,沃尔格林铁马广场*丹维尔CA 12/04/15 61,915 100.0%2,366卢纳迪市场蒙特利中心*加利福尼亚州蒙特利07/14/16 25, 626 93.7%1023交易员乔‘s,Pharmaca Pharmacy Santa Rosa南侧购物中心*Santa Rosa CA 03/24/17 88,606 100.0%1,728 REI,成本加世界市场,DSW Monta Loma Plaza*山景CA 09/19/17 49,694100.0%1,597Safeway超市Canyon Creek Plaza San Jose CA 09/01/21 64,662 98.5%2,112北加州新四季市场总计1,372,188 97.9%35,443美元(1)ABR等于期末所有租约按现金计算的年化基本租金。*表示2021年第四季度同一中心池中的属性。房地产组合,截至2021-12年12月31日的持续补充披露季度-


(千美元)日期拥有%Pacific Northwest City State收购GLA租赁公司(1)主要租户西雅图大都市区子午线山谷广场*肯特·瓦02/01/10 51,597%886$克罗格超市史蒂文斯湖市场*史蒂文斯湖03/11/10 74,130 100.0%1,679艾伯森(哈根)超市峡谷公园购物中心*博塞尔WA 07/29/11 123,592 100.0%2624 PCC社区市场,礼仪援助药房,Petco Hawks Prairie购物中心*Lacey WA 09/09/11 157,529 100.0%1,967 Safeway超市,Dollar Tree,Big Llot the Kress Building*西雅图WA 09/30/11 74,616 73.5%1,438 IGA超市,TJMaxx Gateway购物中心*Marysville WA 02/16/12 104,298 96.1%2,566 WinCo Foods(2),Rite aid药房,罗斯为较少极光广场着装*海岸线WA 2012/2014年108,558 100.0%2,010中央超市,Marshall‘s Canyon Crossing*Puyallup WA 04/15/13 120,398 100.0%2西弗韦超市十字路口购物中心*华盛顿州贝尔维尤2010年/2013年473,131 97.8%12,083克罗格超市,Bed Bath&Beyond,迪克体育用品贝尔维尤商场*贝尔维尤华盛顿12/10/15 113,758 100.0%3,440亚洲家庭市场四角广场*枫谷,12/21/15 119,531 100.0%2,585杂货直销超市、沃尔格林、约翰逊家居和花园缰绳小径购物中心*柯克兰西澳10/17/16110、257 100.0%2、418杂货直销超市、Rite Aid(巴特尔)药房、Dollar Tree PCC社区市场广场*Edmonds WA 01/25/17 34, 459 100.0%690 PCC社区市场高地山购物中心*Tacoma WA 05/09/17 163,926 100.0%3,121 National Supermarket,LA Fitness,Dollar Tree,Petco North Lynnwood Shopping Center*Lynnwood WA 10/19/17 63,606 95.8%1084杂货直销超市,Dollar Tree体育场中心*Tacoma WA 02/23/18 48,888 100.0%1076节俭大道超市夏步村*Lacey WA 12/13/19 60,343 98.0%880 Walmart Neighborhood Market Wa 11/10/21 189,960 97.2%2,222杂货直销超市,Rite Aid药房,Hobby Lobby,Pep Boys奥林匹亚西中心,WA 12/06/21 69,212261%1539 Trader Joe‘s,Petco Seattle Metro Area总计2261,789 98.1%47,214$波特兰大都市区跑马地市中心*欢乐谷OR 07/14/10138,397 100.0%3,898$New Seasons Market Wilsonville Old City Square*威尔逊维尔或2010年/2012年49,937 100.0%1,924Kroger(Fred Meyer)超市(2)Cascade Summit镇广场*West Linn OR 08/20/10 94,934 100.0%1,970 Safeway超市遗产市场中心*温哥华,华盛顿州09/23/10 108,05 4 100.0%1,928 Safeway超市,美元树部门交叉*波特兰OR 12/22/10 103,561 100.0%1,格雷舍姆OR 12/22/10 99,428 100.0%1,434 24小时健身,Dollar Tree Hillsboro市场中心*Hillsboro OR 11/23/11 156,021 100.0%2,685艾伯森超市,Dollar Tree,Ace Hardware Robinwood Shopping Center*West Linn OR 08/23/13 70, 沃尔玛社区市场老虎市场*TIGARD OR 02/18/14 136,889 100.0%2,093 H-MART超市*威尔逊维尔小镇中心*威尔逊维尔OR 12/11/14 167,829 99.2%2,974西夫韦超市,Rite Aid药房,美元树老虎长廊*TIGARD OR 07/28/15 88,欢乐谷或07/28/15 92,278 100.0%1,619杂货直销超市,Snap Fitness,王牌硬件约翰逊溪中心*欢乐谷或11/09/15 108,588 100.0%2,312 Trader Joe‘s,Walgreens,运动员仓库玫瑰城中心*波特兰OR 09/15/16 60,680 100.0%833Safeway超市事业部中心*波特兰OR 04/05/17 118,122 100.0%2,097杂货直销超市,Rite Aid药房,Petco Riverstone Marketplace*温哥华10/11/17 95,774 100.0%2,292克罗格(QFC)超市国王城广场*国王城OR 05/18/18 62,676 83.5%894杂货直销超市波特兰大都市区面积总计1,752,042 99.2%32,901美元太平洋西北地区总计4,013,831 98.6%80,115美元购物中心总数10,163,884 97.5%221,887美元(1)ABR等于期末所有原地租赁按现金计算的年化基本租金。(2)这些零售商并非ROIC的租户。*表示2021年第四季度同一中心池中的属性。房地产组合,截至2021-13年12月31日的持续补充披露季度-


(unaudited, dollars in thousands) Three Months Ended Year Ended 12/31/21 12/31/20 $ Change % Change 12/31/21 12/31/20 $ Change % Change Number of shopping centers included in same-center analysis (1) 85 85 85 85 Same-center occupancy 97.5% 97.0% 0.5% 97.5% 97.0% 0.5% REVENUES: Base rents 50,645$ 48,781$ 1,864$ 3.8% 199,858$ 199,702$ 156$ 0.1% Percentage rent 865 237 628 265.0% 1,129 505 624 123.6% Recoveries from tenants 16,420 15,518 902 5.8% 66,045 64,951 1,094 1.7% Other property income 608 1,284 (676) (52.6)% 2,101 2,620 (519) (19.8)% Bad debt (683) (1,915) 1,232 (64.3)% (2,621) (10,049) 7,428 (73.9)% TOTAL REVENUES 67,855 63,905 3,950 6.2% 266,512 257,729 8,783 3.4% OPERATING EXPENSES: Property operating expenses 12,108 10,737 1,371 12.8% 44,177 41,344 2,833 6.9% Property taxes 7,926 7,867 59 0.7% 32,948 32,562 386 1.2% TOTAL OPERATING EXPENSES 20,034 18,604 1,430 7.7% 77,125 73,906 3,219 4.4% SAME-CENTER CASH NET OPERATING INCOME 47,821$ 45,301$ 2,520$ 5.6% 189,387$ 183,823$ 5,564$ 3.0% SAME-CENTER CASH NET OPERATING INCOME RECONCILIATION GAAP Operating Income 23,474$ 24,259$ 114,895$ 94,447$ Depreciation and amortization 23,528 24,690 92,929 97,731 General and administrative expenses 5,301 4,781 19,654 16,755 Other expense 229 318 860 843 Gain on sale of real estate - - (22,340) - Straight-line rent (521) (516) (959) (1,079) Amortization of above- and below-market rent (2,224) (6,898) (8,795) (17,654) Property revenues and other expenses (2) (249) (11) (768) (484) TOTAL COMPANY CASH NET OPERATING INCOME 49,538 46,623 195,476 190,559 Non Same-Center Cash NOI (1,717) (1,322) (6,089) (6,736) SAME-CENTER CASH NET OPERATING INCOME 47,821$ 45,301$ 189,387$ 183,823$ (1) Same centers are those properties which were owned for the entirety of the current and comparable prior year period. (2) Includes anchor lease termination fees net of contractual amounts, if any, expense and recovery adjustments related to prior periods and other miscellaneous adjustments. Same-Center Cash Net Operating Income Analysis Supplemental Disclosure Quarter Ended December 31, 2021 - 14 -


(dollars in thousands) Percent Number of Leased of Total Percent of Tenant Leases GLA Leased GLA ABR Total ABR 1 Albertsons / Safeway Supermarkets 19 948,195 9.6% 12,150$ 5.5% 2 Kroger Supermarkets 11 483,455 4.9% 7,538 3.4% 3 Rite Aid Pharmacy 14 263,390 2.7% 3,413 1.5% 4 JP Morgan Chase 21 95,163 1.0% 3,152 1.4% 5 Trader Joe's 9 109,307 1.1% 3,134 1.4% 6 Grocery Outlet Supermarkets 10 225,004 2.3% 3,000 1.4% 7 SaveMart Supermarkets 4 187,639 1.9% 2,995 1.3% 8 Marshall's / TJMaxx 6 178,195 1.8% 2,840 1.3% 9 Sprouts Markets 4 159,163 1.6% 2,747 1.2% 10 H-Mart Supermarkets 3 147,040 1.5% 2,521 1.1% Top 10 Tenants Total 101 2,796,551 28.4% 43,490$ 19.5% Other Tenants 1,869 7,108,503 71.6% 178,397 80.5% Total Portfolio 1,970 9,905,054 100.0% 221,887$ 100.0% Top Ten Tenants Supplemental Disclosure Quarter Ended December 31, 2021 - 15 -


(dollars in thousands) Anchor Tenants (1) Number of Leased Percent of Total Percent of ABR Leases Expiring (2) GLA Total Leased GLA ABR Total ABR Per Sq. Ft. 2022 7 271,556 2.7% 3,673 1.7% 13.52 2023 25 723,122 7.3% 12,025 5.4% 16.63 2024 15 505,124 5.1% 8,415 3.8% 16.66 2025 22 730,180 7.4% 9,919 4.5% 13.58 2026 23 737,297 7.4% 9,595 4.3% 13.01 2027 11 324,499 3.3% 3,486 1.6% 10.74 2028 17 626,813 6.3% 11,087 5.0% 17.69 2029 12 433,505 4.4% 6,988 3.1% 16.12 2030 6 226,514 2.3% 3,431 1.5% 15.15 2031 9 276,035 2.8% 4,926 2.2% 17.85 2032+ 18 688,289 6.9% 10,030 4.6% 14.57 165 5,542,934 55.9% 83,575$ 37.7% 15.08$ Non-Anchor Tenants Number of Leased Percent of Total Percent of ABR Leases Expiring (2) GLA Total Leased GLA ABR Total ABR Per Sq. Ft. 2022 277 473,488 4.8% 15,652 7.1% 33.06 2023 296 654,124 6.6% 20,742 9.3% 31.71 2024 278 640,890 6.5% 19,996 9.0% 31.20 2025 252 609,590 6.2% 18,861 8.5% 30.94 2026 263 616,695 6.2% 19,814 8.9% 32.13 2027 156 436,332 4.4% 12,615 5.7% 28.91 2028 60 175,301 1.8% 6,389 2.9% 36.44 2029 51 161,969 1.6% 5,189 2.3% 32.04 2030 40 116,422 1.2% 4,467 2.0% 38.37 2031 55 185,639 1.9% 5,698 2.6% 30.69 2032+ 77 291,670 2.9% 8,889 4.0% 30.48 1,805 4,362,120 44.1% 138,312$ 62.3% 31.71$ All Tenants Number of Leased Percent of Total Percent of ABR Leases Expiring (2) GLA Total Leased GLA ABR Total ABR Per Sq. Ft. 2022 284 745,044 7.5% 19,325 8.8% 25.94 2023 321 1,377,246 13.9% 32,767 14.7% 23.79 2024 293 1,146,014 11.6% 28,411 12.8% 24.79 2025 274 1,339,770 13.6% 28,780 13.0% 21.48 2026 286 1,353,992 13.6% 29,409 13.2% 21.72 2027 167 760,831 7.7% 16,101 7.3% 21.16 2028 77 802,114 8.1% 17,476 7.9% 21.79 2029 63 595,474 6.0% 12,177 5.4% 20.45 2030 46 342,936 3.5% 7,898 3.5% 23.03 2031 64 461,674 4.7% 10,624 4.8% 23.01 2032+ 95 979,959 9.8% 18,919 8.6% 19.31 1,970 9,905,054 100.0% 221,887$ 100.0% 22.40$ (1) Anchor tenants are leases equal to or greater than 15,000 square feet. (2) Does not assume exercise of renewal options. Lease Expiration Schedule Supplemental Disclosure Quarter Ended December 31, 2021 - 16 -


New Leases Non-Anchor Anchor Total Non-Anchor Anchor Total Number of Leases 44 2 46 193 2 195 Gross Leasable Area (sq. ft.) 95,379 45,409 140,788 403,052 45,409 448,461 Initial Base Rent ($/sq. ft.) (1) 30.95$ 25.54$ 29.20$ 31.23$ 25.54$ 30.65$ Tenant Improvements ($/sq. ft.) -$ -$ -$ 1.30$ -$ 1.17$ Leasing Commissions ($/sq. ft.) 4.16$ -$ 2.82$ 3.62$ -$ 3.25$ Weighted Average Lease Term (Yrs.) (2) 6.8 12.4 8.6 6.8 12.4 7.4 Renewals Non-Anchor Anchor Total Non-Anchor Anchor Total Number of Leases 81 4 85 268 14 282 Gross Leasable Area (sq. ft.) 164,912 115,867 280,779 556,192 423,157 979,349 Initial Base Rent ($/sq. ft.) (1) 35.18$ 16.12$ 27.31$ 31.56$ 12.99$ 23.53$ Tenant Improvements ($/sq. ft.) 1.55$ -$ 0.91$ 0.55$ -$ 0.31$ Leasing Commissions ($/sq. ft.) 0.12$ -$ 0.07$ 0.06$ -$ 0.04$ Weighted Average Lease Term (Yrs.) (2) 4.6 5.0 4.7 4.4 5.7 5.0 Total Non-Anchor Anchor Total Non-Anchor Anchor Total Number of Leases 125 6 131 461 16 477 Gross Leasable Area (sq. ft.) 260,291 161,276 421,567 959,244 468,566 1,427,810 Initial Base Rent ($/sq. ft.) (1) 33.63$ 18.77$ 27.94$ 31.42$ 14.20$ 25.77$ Tenant Improvements ($/sq. ft.) 0.98$ -$ 0.61$ 0.86$ -$ 0.58$ Leasing Commissions ($/sq. ft.) 1.60$ -$ 0.99$ 1.56$ -$ 1.05$ Weighted Average Lease Term (Yrs.) (2) 5.4 7.1 6.0 5.4 6.4 5.7 (1) Initial Base Rent is on a cash basis and is the initial contractual monthly rent, annualized. (2) Does not assume exercise of renewal options. For the Three Months Ended December 31, 2021 For the Year Ended December 31, 2021 Leasing Summary Supplemental Disclosure Quarter Ended December 31, 2021 - 17 -


New Leases Non-Anchor Anchor Total Non-Anchor Anchor Total Comparative # of Leases 16 2 18 99 2 101 Comparative GLA (sq. ft.) (1) 29,057 45,409 74,466 201,575 45,409 246,984 Prior Base Rent ($/sq. ft.) (2) 30.07$ 16.67$ 21.90$ 29.25$ 16.67$ 26.94$ Initial Base Rent ($/sq. ft.) 31.44$ 25.54$ 27.84$ 32.18$ 25.54$ 30.96$ Percentage Change in Base Rents 4.6% 53.2% 27.1% 10.0% 53.2% 14.9% Tenant Improvements ($/sq. ft.) -$ -$ -$ 2.43$ -$ 1.98$ Leasing Commissions ($/sq. ft.) 2.67$ -$ 1.04$ 3.60$ -$ 2.94$ Weighted Average Lease Term (Yrs.) (3) 6.0 12.4 9.9 7.0 12.4 8.0 Renewals Non-Anchor Anchor Total Non-Anchor Anchor Total Comparative # of Leases 81 4 85 268 14 282 Comparative GLA (sq. ft.) 164,912 115,867 280,779 556,192 423,157 979,349 Prior Base Rent ($/sq. ft.) (2) 33.78$ 15.11$ 26.07$ 30.40$ 12.27$ 22.57$ Initial Base Rent ($/sq. ft.) 35.18$ 16.12$ 27.31$ 31.56$ 12.99$ 23.53$ Percentage Change in Base Rents 4.2% 6.7% 4.8% 3.8% 5.8% 4.3% Tenant Improvements ($/sq. ft.) 1.55$ -$ 0.91$ 0.55$ -$ 0.31$ Leasing Commissions ($/sq. ft.) 0.12$ -$ 0.07$ 0.06$ -$ 0.04$ Weighted Average Lease Term (Yrs.) (3) 4.6 5.0 4.7 4.4 5.7 5.0 Total Non-Anchor Anchor Total Non-Anchor Anchor Total Comparative # of Leases 97 6 103 367 16 383 Comparative GLA (sq. ft.) (1) 193,969 161,276 355,245 757,767 468,566 1,226,333 Prior Base Rent ($/sq. ft.) (2) 33.22$ 15.55$ 25.20$ 30.09$ 12.70$ 23.45$ Initial Base Rent ($/sq. ft.) 34.62$ 18.77$ 27.42$ 31.72$ 14.20$ 25.03$ Percentage Change in Base Rents 4.2% 20.7% 8.8% 5.4% 11.8% 6.7% Tenant Improvements ($/sq. ft.) 1.32$ -$ 0.72$ 1.05$ -$ 0.65$ Leasing Commissions ($/sq. ft.) 0.50$ -$ 0.27$ 1.00$ -$ 0.62$ Weighted Average Lease Term (Yrs.) (3) 4.8 7.1 5.9 5.1 6.4 5.6 (1) Comparative GLA includes spaces that were vacant for less than 12 months, excluding spaces that were not leased at the time of acquisition. (2) Prior Base Rent is on a cash basis and is the final monthly rent paid, annualized, for the prior tenant or the prior lease that was renewed. (3) Does not assume exercise of renewal options. For the Three Months Ended December 31, 2021 For the Year Ended December 31, 2021 Same-Space Comparative Leasing Summary Supplemental Disclosure Quarter Ended December 31, 2021 - 18 -


(dollars in thousands) 12/31/21 09/30/21 06/30/21 03/31/21 % leased at beginning of quarter 97.4% 96.9% 96.9% 96.8% % billed at beginning of quarter 92.8% 92.4% 92.8% 92.8% ABR of new leases signed/not yet commenced - at beginning of quarter 10,075$ 10,420$ 9,554$ 8,590$ less: ABR of new leases commenced during quarter (1,998) (1,890) (1,928) (1,044) plus: ABR of new leases signed during quarter 2,523 1,545 2,794 2,008 ABR of new leases signed/not yet commenced - at end of quarter 10,601$ 10,075$ 10,420$ 9,554$ % leased at end of quarter 97.5% 97.4% 96.9% 96.9% % billed at end of quarter 92.8% 92.8% 92.4% 92.8% ABR of new leases commenced during quarter - actual cash received 297$ 298$ 305$ 177$ Leased vs. Billed Summary Supplemental Disclosure Quarter Ended December 31, 2021 - 19 -


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