What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-03-05 compared with 2025-03-04 · 18 added, 33 removed, 124 unchanged (29% of the section changed)

1 unchanged sentence

The following tables present an overview of our properties and undeveloped land as of December 31, 2025.

Total Leasable

Number of Tenants

Total Leasable Sq.

Percentage Leased

Percentage Occupied

Total SF Occupied

Base Rent (in 000's) (1)

Annualized Base Rent per Occupied Sq.

ABR (in 000's) (1)

ABR per Occupied Sq.

Alex City Marketplace Alexander City, AL 20 151,843 100.0 % 100.0 % 151,843 $ 1,341 $ 8.83

Amscot Building Tampa, FL 1 2,500 100.0 % 100.0 % 2,500 83 33.00

Beaver Ruin Village Lilburn, GA 27 74,038 91.4 % 91.4 % 67,637 1,317 19.47

9 unchanged sentences

Darien Shopping Center Darien, GA 1 26,001 100.0 % 100.0 % 26,001 140 5.38

Devine Street Columbia, SC 1 38,464 89.1 % 89.1 % 34,264 180 5.25

Folly Road Charleston, SC 5 47,794 100.0 % 100.0 % 47,794 780 16.31

12 unchanged sentences

Lake Greenwood Crossing Greenwood, SC 8 43,618 100.0 % 100.0 % 43,618 417 9.56

Lake Murray Lexington, SC 5 39,218 100.0 % 100.0 % 39,218 364 9.28

Litchfield Market Village Pawleys Island, SC 27 86,717 100.0 % 100.0 % 86,717 1,227 14.15

4 unchanged sentences

Airy, NC 13 117,076 100.0 % 100.0 % 117,076 1,069 9.13

Number of Tenants

Total Leasable Sq.

Percentage Leased

Percentage Occupied

ABR (in 000's) (1)

ABR per Occupied Sq.

Parkway Plaza Brunswick, GA 5 52,365 84.8 % 84.8 % 44,385 485 10.93

6 unchanged sentences

Shoppes at Myrtle Park Bluffton, SC 14 56,609 99.3 % 99.3 % 56,189 709 12.62

South Lake Lexington, SC 11 44,318 100.0 % 100.0 % 44,318 275 6.21

South Park Mullins, SC 4 60,734 96.9 % 96.9 % 58,834 401 6.82

South Square Lancaster, SC 6 44,350 81.0 % 81.0 % 35,900 313 8.71

Total Leasable

Percentage Occupied

Total SF Occupied

Base Rent (in 000's) (1)

Annualized Base Rent per Occupied Sq.

George Plaza St.

3 unchanged sentences

Tampa Festival Tampa, FL 22 141,580 100.0 % 100.0 % 141,580 1,327 9.37

Tri-County Plaza Royston, GA 8 67,577 96.0 % 96.0 % 64,877 464 7.16

Tuckernuck Richmond, VA 18 93,391 100.0 % 98.9 % 92,391 1,110 12.01

3 unchanged sentences

Westland Square West Columbia, SC 12 62,735 100.0 % 100.0 % 62,735 550 8.76

Winslow Plaza Sicklerville, NJ 18 40,695 100.0 % 100.0 % 40,695 693 17.03

WHLR TOTAL 729 5,075,661 95.1 % 93.7 % 4,756,310 $ 50,449 $ 10.61

Brickyard Plaza Berlin, CT 11 227,598 100.0 % 100.0 % 227,598 $ 2,106 $ 9.25

Carll's Corner Bridgeton, NJ 7 116,532 36.9 % 36.9 % 43,012 450 10.46

Coliseum Marketplace Hampton, VA 10 106,648 100.0 % 100.0 % 106,648 1,301 12.20

Fairview Commons New Cumberland, PA 10 50,485 80.3 % 80.3 % 40,555 514 12.66

Fieldstone Marketplace New Bedford, MA 12 193,836 79.4 % 53.5 % 103,664 1,053 10.15

Gold Star Plaza Shenandoah, PA 6 71,720 97.8 % 97.8 % 70,120 664 9.46

1 unchanged sentence

Hamburg Square Hamburg, PA 7 102,058 100.0 % 100.0 % 102,058 735 7.20

Oregon Avenue (2)

Philadelphia, PA — — — % — % — — —

Patuxent Crossing California, MD 27 264,068 78.2 % 78.2 % 206,609 1,866 9.03

4 unchanged sentences

Washington Center Shoppes Sewell, NJ 31 157,300 98.1 % 98.1 % 154,300 2,120 13.74

Webster Commons Webster, MA 9 98,984 100.0 % 100.0 % 98,984 1,285 12.98

CDR TOTAL 187 1,943,176 92.4 % 92.4 % 1,794,541 $ 19,559 $ 10.90

1 unchanged sentence

(1) Monthly base rent on occupied space as of the end of the current reporting period multiplied by twelve months, excluding the impact of tenant concessions and rent abatements.

(2) Includes property where a redevelopment opportunity exists.

Undeveloped Land Company Location Parcel Size (in acres)

3 unchanged sentences

George, SC 2.51

South Philadelphia parcels

CDR Philadelphia, PA 4.47

Webster Commons CDR Webster, MA 0.55

South Philadelphia parcel CDR Philadelphia, PA 1.35

Major Tenants

The following table sets forth information regarding the ten largest tenants in our Operating Portfolio based on annualized base rent as of December 31, 2024.

The following table sets forth information regarding the ten largest tenants in our Operating Portfolio based on annualized base rent ("ABR") as of December 31, 2025.

Tenants Category Annualized Base Rent

($ in 000s) % of Total Annualized Base Rent Total Occupied Square Feet Percent Total Leasable Square Feet

Annualized Base Rent Per Occupied Square Foot

($ in 000s) Percentage of Total Annualized Base Rent Total Occupied Square Feet Percentage of Total Leasable Square Feet Annualized Base Rent Per Occupied Square Foot

Food Lion Grocery $ 4,179 6.0 % 484,000 6.9 % $ 8.63

1 unchanged sentence

Grocery 2,137 3.1 % 239,000 3.4 % 8.94

Dollar Tree (2)

Discount Retailer 2,070 2.83 % 255,000 3.33 % 8.12

Dollar Tree Discount Retailer 1,440 2.1 % 177,000 2.5 % 8.14

Planet Fitness Gym 1,268 1.8 % 134,000 1.9 % 9.46

1 unchanged sentence

Discount Retailer 1,245 1.8 % 195,000 2.8 % 6.38

Piggly Wiggly Grocery 1,363 1.87 % 170,000 2.22 % 8.02

Lowes Foods (3)

Grocery 1,236 1.8 % 130,000 1.9 % 9.51

Piggly Wiggly Grocery 1,183 1.7 % 135,000 1.9 % 8.76

Grocery 1,072 1.5 % 106,000 1.5 % 10.11

Kohl's Discount Retailer 1,049 1.5 % 147,000 2.1 % 7.14

Lehigh Valley Health Medical 803 1.10 % 43,000 0.56 % 18.67

Lehigh Valley Health Health 819 1.2 % 43,000 0.6 % 19.05

$ 15,628 22.5 % 1,790,000 25.5 % $ 8.73

(1) Kroger 4 / Harris Teeter 1 / 3 fuel stations

(2) Dollar Tree 18 / Family Dollar 7

(2) Marshall's 4 / HomeGoods 2 / TJ Maxx 1

15 unchanged sentences

2034 33 338,791 4.8 % 5.2 % 3,675 5.3 % 10.85

65 740,358 9.66 % 10.46 % 8,311 11.32 % 11.23

Thereafter 48 507,590 7.2 % 7.7 % 6,567 9.3 % 12.94

Total 916 7,018,837 100.0 % 100.0 % $ 70,008 100.0 % $ 10.69

16 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties