HISTORIC OPERATING PERFORMANCE Over 81% of our retail cash  flow is produced by centers  with grocery store anchors. TOTAL REVENUES  (in millions) FUNDS FROM OPERATIONS* (in millions) * Funds From Operations (FFO) is a non-GAAP financial measure. See page 34 for a definition of FFO and reconciliation to income before minority interests. 3 $50 $60 $70 $80 $90 $100 1998 1999 2000 2001 2002 $94.0 $0 $5 $10 $15 $20 $19.6 1998 1999 2000 2001 2002 NET INCOME (in millions) $20 $25 $30 $35 $40 $45 $44.0 1998 1999 2000 2001 2002