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Properties Comprising ~50% of Total Portfolio VacancyAs of 3/31/2025Building NameRegionBldg Size(SF)Vacant(SF)Occupied(SF)Prelease(SF)1 Riverplace Bldg II & III AUS 227,956 168,519 59,437 - 12.3%2 300 Delaware Avenue OTHER 298,071 147,363 150,708 - 10.8%3 Four Points Centre AUS 192,396 84,760 107,636 - 6.2%4 Quarry Lake II AUS 120,559 77,157 43,402 6,289 5.2%5 Cira Centre PHL CBD 730,187 67,285 662,902 - 4.9%6 River Place Bldg I AUS 76,529 62,604 13,925 - 4.6%7 101 West Elm Street PA SUB 173,827 79,547 94,280 21,518 4.2%1,819,525 687,235 1,132,290 27,807 48.2%38% 62%Occupancy (3/31/25) 86.6%Occupancy excluding properties shown above91.0%Actively leasing; 46K sf of pipeline while exploring sale opportunities.An additional 14K sf executed in 1Q; 50K sf of pipeline prospects.Actively leasing while exploring sale opportunities.54K sf of additional life science expansion / office in lower bank.(Actual as of 3/31/25)% of Total Company VacancyActively leasing while exploring sale opportunities.Not actively leasing. Rezoning permit application made; 4Q25/1Q26 timeline event.Proceeding with residential conversion; removing from Core Portfolio in 2Q25.
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USES($ in millions)Dividends$80 Contributions to Joint Venture, net20Revenue Maintaining Cap Ex25Revenue Creating Cap Ex20Development / Redevelopment Projects35Total Uses $180 SOURCES LIQUIDITY($ in millions) ($ in millions)CF After Interest Payments$95 Available Line of Credit as of 3/31/25$535 Construction Loan Proceeds 5 Cash on hand as of 3/31/25 29 Net Proceeds from Asset Sales, including land and other 55 Liquidity as of 3/31/25 564 Net Cash Use 25 Projected Cash Use 2Q25 - 4Q25(25)Total Sources $180 Projected Line of Credit and Cash Available$539 Projected 12/31/25Projected 2Q25 - Q425Projected 2Q25 - 4Q25
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