08/03/2021 - Site Centers Corp.: Citi Global Property CEO Conference 2021 Presentation

MARCH 8-11, 2021

SAFE HARBOR STATEMENT

SITE Centers Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company's expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, the impact of the COVID-19 pandemic on the Company's ability to manage its properties and finance its operations and on tenants' ability to operate their businesses, generate sales and meet their financial obligations, including the obligation to pay ongoing and deferred rents; the Company's ability to pay dividends; local conditions such as the supply of, and demand for, retail real estate space in the area; the impact of e-commerce; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant and the impact of any such event on rental income from other tenants and our properties; redevelopment and construction activities may not achieve a desired return on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; impairment charges; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements and the Company's ability to satisfy conditions to the completion of these arrangements; valuation and risks relating to our joint venture and preferred equity investments; the termination of any joint venture arrangements or arrangements to manage real property; property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from extreme weather conditions or natural disasters in locations where we own properties, and the ability to estimate accurately the amounts thereof; sufficiency and timing of any insurance recovery payments related to damages from extreme weather conditions or natural disasters; any change in strategy; and our ability to maintain REIT status. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company's most recent reports on Form 10-K. The impacts of the COVID-19 pandemic may also exacerbate the risks described therein, any of which could have a material effect on the Company. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

In addition, this presentation includes certain non-GAAP financial measures. Non-GAAP financial measures should not be considered replacements for, and should be read together with, the most comparable GAAP measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the appendix and in the Company's quarterly financial supplement located atwww.sitecenters.com/investors.

SITE CENTERS KEY TAKEAWAYS

• • Assets concentrated in affluent communities 1with barriers to entry ($106K avg HHI, 87th percentile)

Portfolio located in country's wealthiest communities

• • More resilient income and purchasing power

• • Retailers looking to concentrate stores in the last-mile of wealthiest suburbs

National tenants have access to growth capital

2 • National tenants constitute 90% of base rent; national collection trends continue to trend higher outpacing local collections

• • 37 of top 50 tenants are public; 23 of top 50 tenants raised $50B in 2020

• • Tenants using pandemic as an opportunity to take market share and launch new concepts

3

Societal shifts emerging as tailwinds

• • Work-from-home trends improving traffic patterns

• • Urban to suburban shift driving increased population growth and housing activity

Significant increase in leasing activityGrowing pipeline of capital allocation opportunities

• • 4Q20 PRS leasing volume was highest since 3Q18

• • SNO pipeline of $12.9M or 350 basis points as of February 28, 2021

• • 22 additional anchors in lease negotiations

• • $39M pipeline as of 4Q20 with 10% expected yields

• • Multiple outparcel and pad opportunities unlocked as part of COVID negotiations; increased demand for convenience and drive-thru

• • Growing pipeline of investment opportunities to capture societal shifts

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