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<br />IImID u.s. Community Shopping Centers in Age Group 20 Years Old and Older: Center Size, Center Sales, <br />and OperaUng Results <br /> <br />Number of Centers in Sample: 140 Lower Upper Lower Upper Number <br />Average Median Decile Decile Median Decile Decile Reporting <br /> <br />Total floor space (GLA a~d all other floor area) <br />Owned gross leasable area (in square feet) <br /> <br />192,461 <br />181,286 <br /> <br />Center Size <br /> <br />140 <br />140 <br /> <br />186,869 <br />178,080 <br /> <br />110,943 <br />103,545 <br /> <br />340,240 <br />296,640 <br /> <br />Center Sales Dollars per Square Foot of GLA <br /> <br />All tenants <br /> <br />$221.26 <br /> <br />$212.09 <br /> <br />$119.86 <br /> <br />$359.29 <br /> <br />81 <br /> <br />Operating Results Dollars per Square Foot at GLA Percent of Total Receipts <br /> <br />Total Operating Receipts $8.75 $8.45 $4.34 $14.72 100.00% 100.00% 100.00% 91 <br /> <br />Total rent 7.15 6.68 3.97 12.01 82.37 72.23 92.69 95 <br />Rental income-minimum 6.78 6.32 3.43 11.36 77.90 66.23 87.70 95 <br />Rental income-overages 0.35 0.26 0.05 1.06 3.34 0.40 14.54 74 <br />Total common area charges o.n 0.63 0.23 1.68 8.14 3.84 14.03 91 <br />Total other charges 0.94 0.79 0.22 2.16 7.52 3.58 16.14 46 <br />Property taxes and insurance 0.70 0.62 0.22 1.62 7.70 3.37 15.45 63 <br />Property taxes 0.65 0.55 0.14 1.53 6.67 2.17 ';', 14.46 85 <br />Insurance 0.06 0.05 0.01 0.15 0.62 0.07 1.55 63 <br />Other escalation charges 0.12 0.10 0.02 0.48 1.07 0.16 3.63 20 <br />Income from sale of utilities 026 0.18 0.03 0.69 1.29 0.30 6.73 22 <br />Total miscellaneous Income 0.10 0.05 0.01 0.55 0.66 0.07 5.01 87 <br /> <br />Total Operating Expenses $2.82 $2.51 $1.11 $ 5.57 33.80% 20.61% 62.75% 132 <br /> <br />Total maintenance and housekeeping <br />Parking lot, mall, other common areas <br />Parking lot <br />Utilities <br />Security <br />Enclosed mall HVAC <br />Snow removal <br />Trash removal <br />Landscaping <br />Elevator/escalator <br />Other <br />Building maintenance <br />Roof repair <br />Other maintenance <br />Central utility system <br />Other office area services <br />Total advertising and promotion <br />Advertising <br />Promotions/special events <br />Christmas decor/events <br />Marketing administration <br />Merchants association <br />Total real estate taxes <br />Total insurance <br />Liability insurance <br />Property insurance <br />Special (earthquake/fire) <br />Other insurance <br />Total general and administrative <br />Management agent fees <br />Leasing agent fees <br />Bad debt allowance <br />On-site payroll and benefits <br />Professional services <br />Other <br /> <br />0.82 <br />O. <br />0.12 <br />0.17 <br />0.17 <br />0.05 <br />0.05 <br />0.04 <br />0.07 <br />0.03 <br />0.17 <br />021 <br />0.04 <br />0.17 <br />0.54 <br />0.15 <br />0.06 <br />0.02 <br />0.05 <br />0.03 <br />0.06 <br />0.09 <br />0.95 <br />o <br />.07 <br /> <br /> <br />0.70 0.09 2.07 10.48 5.46 28.64 132 <br />0.64 0.28 1.44 7.61 4.06 14.96 91 <br />0.10 0.03 0.28 1.51 0.27 4.67 85 <br />0.15 0.06 0.42 1.79 0.73 5.16 90 <br />0.12 0.02 0.58 1.33 0.30 5.06 55 <br />0.02 0.00 0.14 0.16 0.04 2.48 19 <br />0.04 0.00 0.16 0.55 0.06 1.77 54 <br />0.02 0.00 0.12 0.32 0.06 1.38 74 <br />0.07 0.01 0.18 0.90 027 1.70 89 <br />0.02 0.01 0.10 0.34 0.04 0.82 14 <br />0.11 0.01 0.59 1.47 0.10 4.57 66 <br />0.17 0.03 0.72 2.04 0.37 6.69 130 <br />0.03 0.01 0.17 0.39 0.11 329 113 <br />0.11 0.01 0.65 1.74 023 4.52 114 <br />0.45 0.09 1.51 3.58 12 <br />0.08 0.01 0.43 0.74 0.15 3.38 18 <br />0.03 0.00 0.28 0.47 0.06 2.63 101 <br />0.02 0.00 0.12 0.30 0.04 2.19 71 <br />0.02 0.00 0.23 0.28 0.02 1.95 23 <br />0.02 0.00 0.09 0.18 0.05 0.83 47 <br />0.02 0.00 0.34 0.23 0.01 3.52 21 <br />0.04 0.01 0.33 0.42 0.08 2.40 24 <br />0.90 0.33 2.06 9.89 4.81 19.35 131 <br />0.13 0.07 0.27 1.55 0.61 4.29 133 <br />0.08 0.02 0.13 0.73 026 220 82 <br />0.05 0.02 0.11 0.65 0.30 1.70 78 <br />0.03 0.00 0.12 0.63 0.11 1.58 23 <br />0.01 0.00 0.03 0.16 0.03 0.39 42 <br />.11.56 0.12 1.87 7.91 2.25 24.38 134 <br />0.35 0.14 0.58 3.85 2.46 6.01 79 <br />0.10 0.01 0.40 1.17 023 5.77 87 <br />0.10 0.02 0.36 1.19 0.16 5.01 55 <br />020 0.04 0.80 4.09 120 14.97 61 <br />0.04 0.01 0.25 0.57 0.10 428 106 <br />0.04 0.00 0.57 0.41 0.04 5.50 117 <br /> <br />Net Operating Balance $5.70 $5.51 $1.64 $10.45 66.20% 37.25% 79.39% 90 <br /> <br />Note: GLA for operating results is adjusted as described in Chapter 2. <br />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 <br />income or expense category, and no lower and upper decile amounts are shown if fewer than ten values were reported. <br /> <br />......... <br /> <br />U.S. Community Shopping Centers 143 <br /> <br />