1. Abatement hrg/Kmart Corp. - Laserfiche WebLink

I!m!II! u.s. Neighborhood Shopping Centers in the Midwest: Center Size, Center Sales, and Operating Results Number of Centers In Sample: 54 Lower Upper Lower Upper Number Average Median Decile Decile Median Decile Decile Reporting 1-r;:rn~"A" Total floor space (GLA and all other floor area) Owned gross leasable area (in square feet) 63,950 61,397 61.560 53,979 38.264 35,901 94,615 94,018 52 54 Center Sales Dollars per Square Foot of 9LA All tenams I_JiI:H=lDiJi.::r::s::m I... .rnfil..fi'(:Iii1~:t:.It(:.JI'J'" Total rent Rental income-minimum Rental income-overages Total common area charges Total other charges Property taxes and insurance Property taxes Insurance Other escalation charges Income from sale of utilities Total miscellaneous Income $217.83 $201.48 $116.23 $349.19; .li1lfUjf."....Iq....,.L~'!.I.~.-rn..-Jle'I.. 23 ..Uj{If.~.lfi.rnF.1.:I:.i..:::II.U.. $10.91 $10.58 56.08 517.34 100.00% 100.00% 1000000 48 8.46 8.36 4.87 12.91 80.77 65.54 90.28 50 8.35 8.35 3.75 12.69 75.32 64.48 89.36 50 0.34 0.24 0.03 0.96 2.05 0.27 13.55 17 1.02 0.89 0.27 2.26 8.70 3.62 15.58 4B lAD 1.29 8.56 9 1.36 1.25 0.40 2.59 10.81 6.17 17.90 34 1.38 1.16 0.34 3.20 12.17 5.53 21.16 45 0.10 0.09 0.02 0.26 Q.78 022 1.94 34 4 0.08 0.10 0.75 5 0.07 0.07 0.00 0.16 0.41 0.04 1.73 22 Total Operating Expenses 5 3.46 $3.40 51.42 5 5.94 31.230" 17.57% 45.38% 51 Total maintenance and housekeeping 1.05 0.98 0.43 1.78 10.32 4.86 15.81 51 Parking lot, mall, other common areas 0.80 0.77 0.35 1.31 6.95 3.96 11.55 47 Parking lot 0.13 0.12 0.04 0.27 1.12 0.45 2.69 40 Utilities 0.19 0.16 0.08 0.41 1.45 0.61 3.68 47 Security 0.04 0.03 0.01 0.11 0.22 0.08 0.74 24 Enclosed mall HVAC 3 Snow removal 0.11 0.10 0.01 0.28 0.93 0.13 2.41 41 Trash removal 0.10 0.08 0.01 0.26 0.69 0.10 2.08 29 landscaping 0.10 0.08 0.03 0.24 0.70 0.31 2.02 41 Elevator/escalator 2 Other 0.13 0.07 0.01 0.43 0.78 0.08 5.04 30 Building maintenance 0.29 0.23 0.08 0.66 2.68 0.58 6.06 49 Roof repair 0.06 0.04 0.00 0.21 0.33 0.06 223 40 Other maintenance 021 0.16 0.04 0.51 1.78 029 4.96 45 Central utility system 3 Other office area services 4 Total advertising and promotion 0.06 0.02 0.00 0.25 0.25 0.02 1.75 35 Advertising 0.03 0.01 0.00 0.12 0.11 0.02 1.35 24 Promotions/special evenls 0.05 0.04 0.60 9 Christmas decor/events 0.03 0.03 0.01 0.07 0.22 10 Marketing administration 0.10 0.07 5 Merchams association 0.04 0.01 5 Total real estate taxes 1.32 1.24 0.39 3.25 12.17 6.17 22.05 51 Total insurance 0.1 0.11 0.05 0.26 1.06 0.49 3.03 52 Uability insurance 0.04 . . 0.64 0.01 0.09 0.39 0.11 1.70 22 Property insurance 0.06 0.05 0.02 0.15 0.66 020 1.35 21 Special (earthquake/lire) 0.03 0.02 0.18 7 Other insurance 0.01 0.01 0.08 6 Total general and administrative O. 0.80 0.21 1.58 6.25 3.49 11.75 4B Management agent fees -0.46 0.14 0.69 3.9B 2.69 5.03 39 Leasing agent fees 0.18 0.04 0.58 1.64 0.45 4.40 25 Bad debt allowance 0.12 1.32 7 On-site payroll and benefils 0.42 4.99 9 Professional services 0.07 0.01 0.18 0.59 0.14 1.54 38 Other 0.04 0.01 0.20 0.35 0.05 2.19 32 Net OperatIng Balance 5 7.52 $7.38 53.80 $12.30 68.77% 54.62% 82.43~0 46 Note: GLA for operating results is adjusted as described in Chapter 2. Note: Because data are means, medians, and deciles, detailed amounts do not add to totals. No median figures are shown if fewer than five values were reported for any income or expense category, and nQ lower and upper decile amounls are shown if fewer than ten values were reported. U.S. Neighborhood Shopping Centers 201