1. Abatement hrg/Kmart Corp. - Laserfiche WebLink

II1IIfJ u.s. Community Shopping Centers in Age Group 7, 8, and 9 Years Old: Center Size, Center Sales, and Operadng Resuns Number of Centers in Sample: 45 Lower Upper Lower Upper Number Average Median Decile Decile Median Decile Decile Reportmg Center Size Total floor space (GLA and all other floor area) Owned gross leasable area (in square feet) 201,940 1 67,878 45 45 185,279 150,333 117,013 70,218 368.163 351,802 Center Sales Dollars per Square Foot of GLA All tenants $246.15 $415.14 38 $229.97 $132.70 Operatmg Results Dollars per Square Foot of GLA Percent of Total Receipts Total Operating Receipts $11.95 $10.46 $4.42 $20.57 100.00% 100.00% 100.000(, 39 Totall8nt 9.15 8.57 4.01 15.63 80.57 65.62 90.20 39 Rental income-rninimum 8.96 8.57 3.92 14.32 80.08 61.11 89.58 39 Rental income-overages 0.28 0.18 0.06 1.10 1.74 0.35 7.46 21 Total common area charges 1.11 1.01 0.19 3.03 7.74 3.07 15.65 :r7 Total other charges 1.63 1.35 0.64 3.42 10.41 6.78 15.48 18 Property taxes and insurance 0.92 0.88 0.13 2.09 7,86 3.20 12.37 24 Property taxes 1.03 0.83 0.18 2.23 7.41 3.99 12.90 36 Insurance 0.07 0.07 0.02 0.18 0.67 0.40 1.37 24 Other escalation charges 0.20 023 0.01 0.46 1.25 0.08 2.89 10 Income from sale of utilities 024 0.18 1.55 8 Total miscellaneous Income 0.06 0.03 0.00 0.18 0.32 0.03 1.53 29 Total Operating Expenses $ 3.60 $ 2.95 $1.12 $ 8.01 29.20% 11.290(, 46.520(, 38 Total maintenance and housekeeping 0.99 0.85 0.17 2.72 7.72 3.23 18.82 38 Parking lot, mall, other common areas 0.69 0.22 2.04 6.75 3.66 16.09 36 Parking lot 0.13 0.13 0.03 0.31 0.91 0.28 2.63. 35 Utilities 0.19 0.14 0.04 0.62 1.17 0.66 4.63 36 Security 0.11 0.08 0.01 0.31 0.56 0.10 3.86 26 Enclosed mall HVAC 4 Snow removal 0.09 0.07 0.00 0.22 0.51 0.05 1.63 18 Trash removal 0.09 0.08 0.00 0.22 0.59 0.04 1.90 28 Landscaping 0.14 0.11 0.03 0.40 1.12 0.41 226 36 Elevator/escalator 2 Other 0.13 0.09 0.01 0.36 0.90 0.12 2.08 26 Building maintenance 0.19 0.12 0.03 0.54 1.06 027 4.56 35 Roof repair 0.02 0.00 0.12 0.19 0.02 1.00 30 Other maintenance .4 0.09 0.01 0.44 0.91 0.10 3.77 32 Central utility system 0 Other office area services 3 Total advertising and promotion 0.16 0.10 0.00 0.90 0.78 0.01 3.60 22 Advertising 0.05 0.01 0.00 0.16 0.17 0.01 0.81 15 Promotions/special events 0.10 0.10 0.38 6 Christmas decor/events 0.05 0.04 0.01 0.10 0.31 0.08 0.77 10 Marketing administration 4 Merchants association 0 Total real estate taxes 0.38 3.63 10.16 5.52 23.61 40 Totallnsul;Ince 0.05 0.28 1.09 0.55 2.69 39 Uability insurance 0:02 0.16 0.61 0.20 1.03 27 Property insurance 0.01 0.12 0.34 0.14 0.77 26 Special (earthquake/lire) 2 Other insurance 0.00 0.05 b.10 0.01 0.60 12 Total general and administrative 0.12 2.73 5.54 1.26 15.30 38 Management agent fees 0.12 0.81 3.24 1.38 4.34 31 Leasing agent fees 0.01 0.37 1.48 0.09 4.54 25 Bad debt allowance 0.02 0.71 0.83 0.20 3.85 14 On-site payroll and benefits 0.06 1.56 1.66 0.59 6.08 14 Professional services 0.00 0.54 0.54 0.06 2.71 27 Other 0.00 0.27 0.18 0.01 1.74 31 Net Operating Balance $ 8.37 $ 8.37 $2.74 $13.05 70.800'0 53.480(, 88.710'0 36 Note: GLA for operating results is adjusted as described in Chapter 2. . Note: Because data are means, medians, and decilas, detailed amounts do not add to totals. No median figures are shown if fewe,r than five values were reported for any income or expense category, and no lower and upper decile amounts are shown if fewer than ten values were reported. U.S. Community Shopping. Centers 141